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Page 1
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
Page 2
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
R 480 ---- 384 ---- 96
(excess)
Date Particulars L.F Dr (?) Cr (?)
P’s Capital A/c Dr
R’s Capital A/c Dr
To Q’s Capital A/c
(Being entry passed for adjustment of
interest on capital and salary)
11,648
96
11,744
Or
Date Particulars L.F Dr (?) Cr (?)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
To Slice Capital A/c
(Being Interest on capital omitted
earlier now provided)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
(Being salary omitted earlier now
provided)
Cheese Capital A/c Dr.
Slice Capital A/c Dr.
To P&L Adjustment A/c
(Being Loss on Adjustment
transferred to partners)
9,000
5,000
7,000
7,000
3,000
6,000
5,000
14,000
19 Date Particulars L.F Dr (?) Cr (?)
Assets A/c Dr.
Goodwill A/c Dr.
To Liabilities A/c
To Healthy World ltd.
(Being assets and liability taken
over)
Healthy World Ltd. Dr.
Loss on issue of Debentures A/c Dr.
To 8% Debentures A/c
To Securities Premium A/c
To Premium on redemption A/c
To Bank A/c
(Being Purchase consideration
discharged by issue of Debentures
and in Cash)
10,00,000
60,000
8,90,000
80,000
1,70,000
8,90,000
8,00,000
40,000
80,000
50,000
Or
3
Page 3
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
R 480 ---- 384 ---- 96
(excess)
Date Particulars L.F Dr (?) Cr (?)
P’s Capital A/c Dr
R’s Capital A/c Dr
To Q’s Capital A/c
(Being entry passed for adjustment of
interest on capital and salary)
11,648
96
11,744
Or
Date Particulars L.F Dr (?) Cr (?)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
To Slice Capital A/c
(Being Interest on capital omitted
earlier now provided)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
(Being salary omitted earlier now
provided)
Cheese Capital A/c Dr.
Slice Capital A/c Dr.
To P&L Adjustment A/c
(Being Loss on Adjustment
transferred to partners)
9,000
5,000
7,000
7,000
3,000
6,000
5,000
14,000
19 Date Particulars L.F Dr (?) Cr (?)
Assets A/c Dr.
Goodwill A/c Dr.
To Liabilities A/c
To Healthy World ltd.
(Being assets and liability taken
over)
Healthy World Ltd. Dr.
Loss on issue of Debentures A/c Dr.
To 8% Debentures A/c
To Securities Premium A/c
To Premium on redemption A/c
To Bank A/c
(Being Purchase consideration
discharged by issue of Debentures
and in Cash)
10,00,000
60,000
8,90,000
80,000
1,70,000
8,90,000
8,00,000
40,000
80,000
50,000
Or
3
Share Forfeiture A/c
Particulars Am t ( ? ) Particulars Am t ( ? )
To Share Capital A/c 120 By Share Capital A/c 400
To Capital Reserve A/c 120
To Capital Reserve A/c 80
To Balance c/d 80
400 400
20 Years (ending 31
st
March)
Adjusted Profit (?) Weights Product (?)
2020 28,000 1 28,000
2021 36,000 1 36,000
2022 46,000 2 92,000
2023 53,000 3 1,59,000
Total 7 3,15,000
Adjusted Profits 2020 2021 2022 2023
Given Profits
Add Capital Expenditure
Charged to Revenue
28,000 27,000
10,000
46,900 53810
Less: Unprovided Depreciation (1,000) (900) (810)
Adjusted Profits 28,000 36,000 46,000 53,000
Weighted Average Profit = 3,15,000/7
=?45,000
Goodwill = 45,000 × 3 = ?1,35,000
Notes to Solution
(i) Depreciation of 2021= 10% of 10,000
= 10,000 × 10/100 =?1,000
(ii) Depreciation of 2022 = 10% of 9000
= 9,000x10/100= ?900
(iii) Depreciation of 2022 = 10% of 8,100
= ?8,100
3
21 Balance Sheet (Extract) as at
Particulars Note No Amount
I. EQUITY AND LIABILITIES
(1) Shareholder’s Funds
(a) Share Capital
1
7,78,000
Notes to Accounts
Note 1:
Particulars Details Amount
1. Share Capital
Authorised Capital
2,00,000 Equity shares of Rs.10 each
Issued Capital
80000 Equity shares of 10 each
Subscribed capital
20,00,000
8,00,000
4
Page 4
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
R 480 ---- 384 ---- 96
(excess)
Date Particulars L.F Dr (?) Cr (?)
P’s Capital A/c Dr
R’s Capital A/c Dr
To Q’s Capital A/c
(Being entry passed for adjustment of
interest on capital and salary)
11,648
96
11,744
Or
Date Particulars L.F Dr (?) Cr (?)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
To Slice Capital A/c
(Being Interest on capital omitted
earlier now provided)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
(Being salary omitted earlier now
provided)
Cheese Capital A/c Dr.
Slice Capital A/c Dr.
To P&L Adjustment A/c
(Being Loss on Adjustment
transferred to partners)
9,000
5,000
7,000
7,000
3,000
6,000
5,000
14,000
19 Date Particulars L.F Dr (?) Cr (?)
Assets A/c Dr.
Goodwill A/c Dr.
To Liabilities A/c
To Healthy World ltd.
(Being assets and liability taken
over)
Healthy World Ltd. Dr.
Loss on issue of Debentures A/c Dr.
To 8% Debentures A/c
To Securities Premium A/c
To Premium on redemption A/c
To Bank A/c
(Being Purchase consideration
discharged by issue of Debentures
and in Cash)
10,00,000
60,000
8,90,000
80,000
1,70,000
8,90,000
8,00,000
40,000
80,000
50,000
Or
3
Share Forfeiture A/c
Particulars Am t ( ? ) Particulars Am t ( ? )
To Share Capital A/c 120 By Share Capital A/c 400
To Capital Reserve A/c 120
To Capital Reserve A/c 80
To Balance c/d 80
400 400
20 Years (ending 31
st
March)
Adjusted Profit (?) Weights Product (?)
2020 28,000 1 28,000
2021 36,000 1 36,000
2022 46,000 2 92,000
2023 53,000 3 1,59,000
Total 7 3,15,000
Adjusted Profits 2020 2021 2022 2023
Given Profits
Add Capital Expenditure
Charged to Revenue
28,000 27,000
10,000
46,900 53810
Less: Unprovided Depreciation (1,000) (900) (810)
Adjusted Profits 28,000 36,000 46,000 53,000
Weighted Average Profit = 3,15,000/7
=?45,000
Goodwill = 45,000 × 3 = ?1,35,000
Notes to Solution
(i) Depreciation of 2021= 10% of 10,000
= 10,000 × 10/100 =?1,000
(ii) Depreciation of 2022 = 10% of 9000
= 9,000x10/100= ?900
(iii) Depreciation of 2022 = 10% of 8,100
= ?8,100
3
21 Balance Sheet (Extract) as at
Particulars Note No Amount
I. EQUITY AND LIABILITIES
(1) Shareholder’s Funds
(a) Share Capital
1
7,78,000
Notes to Accounts
Note 1:
Particulars Details Amount
1. Share Capital
Authorised Capital
2,00,000 Equity shares of Rs.10 each
Issued Capital
80000 Equity shares of 10 each
Subscribed capital
20,00,000
8,00,000
4
Subscribed and fully paid up
74,000 equity shares of 10 each
Subscribed but not fully paid-up
4,000 equity shares of 10 each
Less: calls in arrears (4,000x2)
Add Forfeited Shares
2,000 equity shares@3
40,000
(8,000)
7,40,000
32,000
6,000
7,78,000
22 Journal
Date Particulars LF Dr. (?) Cr. (?)
a) Realisation A/c Dr
To Sun’s Capital A/c
(Being Remuneration and expenses payable to
Sun)
40,000
40,000
b) Sun’s Capital A/c Dr
Kiran’s Capital A/c Dr
To Deferred Advertisement Suspense A/c
(Being Advertisement Suspense A/c has been
debited in partner’s capital account in their profit
sharing ratio)
14,000
14,000
28,000
c)(1) Kiran’s Capital A/c Dr
To Realisation A/c
(Being 1/3 of Stock has been taken over by Kiran
at 25% discount))
30,000
30,000
c)(2) No Entry
c)(3) Bank A/c Dr
To Realisation A/c
(Being Stock Realised)
25,000
25,000
d) Cash/Bank A/c Dr
To Realisation A/c
(Being amount realised from unrecorded assets
after payment of outstanding bill)
7,000
7,000
4
23 Journal Entries in the Books of Rockstar Ltd.
Date Particulars L.F Debit (? Credit (?)
i) Bank A/c Dr.
To Share Application A/c
(Being Application money received)
16,00,000
16,00,000
ii) Share Application A/c Dr.
To Share Capital A/c
To Share Allotment A/c
To Bank A/c
(Being Application money utilised)
16,00,000
10,00,000
5,00,000
1,00,000
iii) Share Allotment A/c Dr.
To Share Capital A/c
To Securities Premium A/c
(Being allotment due with premium)
8,00,000
4,00,000
4,00,000
iv) Bank A/c Dr.
Calls in Arrears A/c Dr.
To Share Allotment A/c
(Being allotment received except of Simba)
2,85,000
15,000
3,00,000
v) Share First and Final Call A/c Dr. 6,00,000
6
Page 5
Marking Scheme – Accountancy XII (SQP 2023-24)
1 d) 33:27:20 1
2 a) A is incorrect but R is correct 1
3 b) ? 9,000
or
c) ? 24,00,000
1
4 d) ? 80,000
or
d) A need to return ?2,35,000 to the firm.
1
5 c) Partner’s Loan Account 1
6 b) ? 10,00,000
or
a).Interest on debentures is an appropriation of profits.
1
7 a) Both Assertion (A) and Reason (R) are Correct and Reason (R) is the correct explanation of
Assertion (A)
1
8 c) ? 2,40,000
or
b) Debited, ?6,500.
1
9 d). ?20,940. 1
10 c). ?71,400.
1
11 c). Only (iii) 1
12 B. PK Ltd. Dr.
To Share Capital A/c
To Securities Premium A/c
To Bank A/c
(Being settlement of amount due to
vendors)
20,00,000
12,72,700
1,27,270
6,00,030
1
13 c). 2,000 Shares 1
14 a). ?24,000. 1
15 b). ?40,000.
Or
c). Shyam - ? 2,500; Gopal- ? 750; Arjun- Nil.
1
16 d). ?1,50,000 1
17 Date Particulars L.F Dr (?) Cr (?)
Anshul’s Capital A/c Dr
Chander’s Capital A/c Dr
To Babita’s Capital A/c
(Chander’s share of Goodwill
debited to the amounts of continuing
partners in their gaining ratio)
9,000
21,000
30,000
Gaining Ratio is 3:7
3
18 Partners Interest on
Capital Paid
(2%)
(i)
Salary Paid
(wrong credit)
(ii)
Payable
(iii)
Salary
Payable
(iv)
Excess /
Deficiency
P 800 12,000 1152 ---- 11,648
(Excess)
Q 640 ---- 384 12,000 11,744
(Deficiency)
3
R 480 ---- 384 ---- 96
(excess)
Date Particulars L.F Dr (?) Cr (?)
P’s Capital A/c Dr
R’s Capital A/c Dr
To Q’s Capital A/c
(Being entry passed for adjustment of
interest on capital and salary)
11,648
96
11,744
Or
Date Particulars L.F Dr (?) Cr (?)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
To Slice Capital A/c
(Being Interest on capital omitted
earlier now provided)
P&L Adjustment A/c Dr.
To Cheese Capital A/c
(Being salary omitted earlier now
provided)
Cheese Capital A/c Dr.
Slice Capital A/c Dr.
To P&L Adjustment A/c
(Being Loss on Adjustment
transferred to partners)
9,000
5,000
7,000
7,000
3,000
6,000
5,000
14,000
19 Date Particulars L.F Dr (?) Cr (?)
Assets A/c Dr.
Goodwill A/c Dr.
To Liabilities A/c
To Healthy World ltd.
(Being assets and liability taken
over)
Healthy World Ltd. Dr.
Loss on issue of Debentures A/c Dr.
To 8% Debentures A/c
To Securities Premium A/c
To Premium on redemption A/c
To Bank A/c
(Being Purchase consideration
discharged by issue of Debentures
and in Cash)
10,00,000
60,000
8,90,000
80,000
1,70,000
8,90,000
8,00,000
40,000
80,000
50,000
Or
3
Share Forfeiture A/c
Particulars Am t ( ? ) Particulars Am t ( ? )
To Share Capital A/c 120 By Share Capital A/c 400
To Capital Reserve A/c 120
To Capital Reserve A/c 80
To Balance c/d 80
400 400
20 Years (ending 31
st
March)
Adjusted Profit (?) Weights Product (?)
2020 28,000 1 28,000
2021 36,000 1 36,000
2022 46,000 2 92,000
2023 53,000 3 1,59,000
Total 7 3,15,000
Adjusted Profits 2020 2021 2022 2023
Given Profits
Add Capital Expenditure
Charged to Revenue
28,000 27,000
10,000
46,900 53810
Less: Unprovided Depreciation (1,000) (900) (810)
Adjusted Profits 28,000 36,000 46,000 53,000
Weighted Average Profit = 3,15,000/7
=?45,000
Goodwill = 45,000 × 3 = ?1,35,000
Notes to Solution
(i) Depreciation of 2021= 10% of 10,000
= 10,000 × 10/100 =?1,000
(ii) Depreciation of 2022 = 10% of 9000
= 9,000x10/100= ?900
(iii) Depreciation of 2022 = 10% of 8,100
= ?8,100
3
21 Balance Sheet (Extract) as at
Particulars Note No Amount
I. EQUITY AND LIABILITIES
(1) Shareholder’s Funds
(a) Share Capital
1
7,78,000
Notes to Accounts
Note 1:
Particulars Details Amount
1. Share Capital
Authorised Capital
2,00,000 Equity shares of Rs.10 each
Issued Capital
80000 Equity shares of 10 each
Subscribed capital
20,00,000
8,00,000
4
Subscribed and fully paid up
74,000 equity shares of 10 each
Subscribed but not fully paid-up
4,000 equity shares of 10 each
Less: calls in arrears (4,000x2)
Add Forfeited Shares
2,000 equity shares@3
40,000
(8,000)
7,40,000
32,000
6,000
7,78,000
22 Journal
Date Particulars LF Dr. (?) Cr. (?)
a) Realisation A/c Dr
To Sun’s Capital A/c
(Being Remuneration and expenses payable to
Sun)
40,000
40,000
b) Sun’s Capital A/c Dr
Kiran’s Capital A/c Dr
To Deferred Advertisement Suspense A/c
(Being Advertisement Suspense A/c has been
debited in partner’s capital account in their profit
sharing ratio)
14,000
14,000
28,000
c)(1) Kiran’s Capital A/c Dr
To Realisation A/c
(Being 1/3 of Stock has been taken over by Kiran
at 25% discount))
30,000
30,000
c)(2) No Entry
c)(3) Bank A/c Dr
To Realisation A/c
(Being Stock Realised)
25,000
25,000
d) Cash/Bank A/c Dr
To Realisation A/c
(Being amount realised from unrecorded assets
after payment of outstanding bill)
7,000
7,000
4
23 Journal Entries in the Books of Rockstar Ltd.
Date Particulars L.F Debit (? Credit (?)
i) Bank A/c Dr.
To Share Application A/c
(Being Application money received)
16,00,000
16,00,000
ii) Share Application A/c Dr.
To Share Capital A/c
To Share Allotment A/c
To Bank A/c
(Being Application money utilised)
16,00,000
10,00,000
5,00,000
1,00,000
iii) Share Allotment A/c Dr.
To Share Capital A/c
To Securities Premium A/c
(Being allotment due with premium)
8,00,000
4,00,000
4,00,000
iv) Bank A/c Dr.
Calls in Arrears A/c Dr.
To Share Allotment A/c
(Being allotment received except of Simba)
2,85,000
15,000
3,00,000
v) Share First and Final Call A/c Dr. 6,00,000
6
To Share Capital A/c
(Being call money due)
6,00,000
vi) Bank A/c Dr.
Calls in Arrears A/c Dr.
To Share First and Final Call A/c
(Being call money received except of Simba)
5,70,000
30,000
6,00,000
vii) Share Capital A/c Dr.
Securities Premium A/c Dr.
To Share Forfeited A/c
To Calls in Arrears A/c
(Being Simba’s shares forfeited)
1,00,000
15,000
70,000
45,000
viii) Bank A/c Dr.
Share Forfeited A/c Dr.
To Share Capital A/c
(Being forfeited shares re-issued)
48,000
12,000
60,000
ix) Share Forfeited A/c Dr.
To Capital Reserve A/c
(Being gain on re-issue transferred to Capital Reserve)
30,000
30,000
Or
Journal Entries in the Books of Shaktimaan Ltd.
Date Particulars L.F Debit (?) Credit (?)
i) Share Application A/c Dr.
To Share Capital A/c
To Securities Premium A/c
To Share Allotment A/c
(Being Application money utilised)
6,00,000
2,00,000
2,00,000
2,00,000
ii) Share Allotment A/c Dr.
To Share Capital A/c
(Being allotment due with premium)
5,00,000
5,00,000
iii) Share First and Final Call A/c Dr.
To Share Capital A/c
(Being call money due)
3,00,000
3,00,000
iv) Calls in Arrears A/c Dr.
To Share First and Final Call A/c
(Being call money received except of Simba)
15,000
15,000
v) Share Capital A/c Dr.
To Share Forfeited A/c
To Calls in Arrears A/c
(Being Simba’s shares forfeited)
50,000
35,000
15,000
vi) Share Forfeited A/c Dr.
To Capital Reserve A/c
(Being gain on re-issue transferred to Capital Reserve)
14,000
14,000
Cash Book (with Bank Column only)
Date Particulars LF Amount
(?)
Date Particulars LF Amount
(?)
i) To Share Application A/c 7,20,000 ii) By Share Application A/c 1,20,000
iii) To Share Allotment A/c 3,00,000
iv) To Share First and Final
Call A/c
2,85,000
v) To Share Capital A/c
To Securities Premium
A/c
20,000
6,000
vi) By Balance c/d 12,11,000
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Document Description: Class 12 Accountancy: CBSE Marking Scheme (2023-24) for Commerce 2024 is part of Sample Papers for Class 12 Commerce preparation.
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