Series EF1GH/3 SET~1

Q.P. Code 67/3/1

Roll No. narjmWu àíZ-nÌ H$moS> >H$mo CÎma-nwpñVH$m Ho$
_wI-n¥ð >na Adí` {bIo§ &
Candidates must write the Q.P. Code on
the title page of the answer-book.

boImemñÌ
ACCOUNTANCY
*
:3 : 80
Time allowed : 3 hours Maximum Marks : 80

ZmoQ> / NOTE :
(i) - 39
Please check that this question paper contains 39 printed pages.
(ii) - - -
-
Q.P. Code given on the right hand side of the question paper should be written on the title
page of the answer-book by the candidate.
(iii) - 34
Please check that this question paper contains 34 questions.
(iv) -

Please write down the serial number of the question in the answer-book before attempting
it.
(v) - 15 -
10.15 10.15 10.30 -
-
15 minute time has been allotted to read this question paper. The question paper will be
distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the students will read the
question paper only and will not write any answer on the answer-book during this period.

67/3/1 JJJJ Page 1 P.T.O.

 :
:
(i) 34
(ii)
(iii)
(iv) (1) (2)

(v) 1 16 27 30
(vi) 17 20, 31 32
(vii) 21, 22 33
(viii) 23 26 34
(ix) 7
2 1 2

^mJ> H$
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
1. (i) Ho$ed VWm H$aU EH$ \$_© _| gmPoXma Wo VWm bm^m| H$m {d^mOZ ~am~a-~am~a
H$a aho Wo & \$_© Ho$ Am¡gV bm^m| H$m n±yOrH¥$V _yë` < 18,00,000 Wm & \$_© H$s
n[agån{Îm`m± (»`m{V H$mo < 20,00,000 VWm Xo`VmE± < 5,00,000 Wt &
Am¡gV bm^m| Ho$ ny±OrH$aU {d{Y Ûmam \$_© H$s »`m{V H$m _yë` hmoJm : 1
(a) < 2,00,000 (b) < 3,00,000
(c) < 4,00,000 (d) < 3,50,000
AWdm
(ii) H$ VWm I EH$ \$_© _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo Wo &
1 Aà¡b, 2021 H$mo CZHo$ ny±Or ImVm| _| H«$_e: < 1,50,000 VWm < 2,00,000
Ho$ eof Wo & gmPoXmar g§boI _| gmPoXmam| H$s n±yOr na 10% dm{f©H$ Xa go ã`mO H$m
àmdYmZ Wm & 31 _mM©, 2022 H$mo g_má hþE df© _| \$_© H$mo < 10,000 H$s hm{Z
hþB© & H$ H$s ny±Or na ã`mO hmoJm : 1
(a) < 15,000 (b) < 9,000
(c) eyÝ` (d) < 6,000
67/3/1 JJJJ Page 2
General Instructions :
Read the following instructions very carefully and strictly follow them :
(i) This question paper contains 34 questions. All questions are compulsory.
(ii) This question paper is divided into two parts Part A and Part B.
(iii) Part A is compulsory for all candidates.
(iv) Part B has two options i.e. (1) Analysis of Financial Statements, and
(2) Computerised Accounting. Candidates must attempt only one of the given
options as per the subject opted in Part B.
(v) Questions no. 1 to 16 and 27 to 30 carry 1 mark each.
(vi) Questions no. 17 to 20, 31 and 32 carry 3 marks each.
(vii) Questions no. 21, 22 and 33 carry 4 marks each.
(viii) Questions no. 23 to 26 and 34 carry 6 marks each.
(ix) There is no overall choice. However, an internal choice has been provided in
7 questions of one mark, 2 questions of three marks, 1 question of four marks
and 2 questions of six marks.
PART A
(Accounting for Partnership Firms and Companies)
1. (i) Keshav and Karan were partners in a firm sharing profits equally.
The capitalised value of average profits of the firm was
< 18,00,000. Assets of the firm were < 20,00,000 (excluding
goodwill) and Liabilities were < 5,00,000. The value of goodwill of
the firm by capitalisation of average profits method will be : 1
(a) < 2,00,000 (b) < 3,00,000
(c) < 4,00,000 (d) < 3,50,000
OR
(ii) A and B were partners in a firm sharing profits and losses in
the ratio of 3 : 2. On 1st April, 2021 the balances in their capital
accounts were < 1,50,000 and < 2,00,000 respectively. The
partnership deed provided that interest on partners capital will be
allowed @ 10% per annum. During the year ended 31st March,
2022, the firm incurred a loss of <
will be : 1
(a) < 15,000 (b) < 9,000
(c) Nil (d) < 6,000
67/3/1 JJJJ Page 3 P.T.O.
2. (i) _________ gmPoXmam| Ho$ _Ü` gmPoXmar ì`dgm` H$mo MbmZo H$m AmYma h¡ & 1
(a) àñVmd (b) AZw~§Y
(c) g_P (d) ñdrH$m`©Vm
AWdm
(ii) {dÚ_mZ gmPoXmam| Ho$ ~rM bm^ {d^mOZ AZwnmV _| n[adV©Z Ho$ g_` gmPoXmam| Ho$
n±yOr ImVm| _| g§M`m| H$mo {ZåZ{b{IV AZwnmV _| hñVmÝV[aV {H$`m OmVm h¡ : 1
(a) Ë`mJ AZwnmV
(b) A{Ybm^ AZwnmV
(c) nwamZm bm^ {d^mOZ AZwnmV
(d) Z`m bm^ {d^mOZ AZwnmV

3. (i) _hH$ VWm adre EH$ \$_© _| gmPoXma Wo & \$_© Ho$ {dKQ>Z Ho$ g_` _hH$ Ûmam \$_©
H$mo {X`m J`m G$U < 30,000 Wm, adre Ûmam {X`m J`m G$U < 15,000 Wm VWm
lr_{V adre Ûmam {X`m J`m G$U < 10,000 Wm & gd©àW_ ^wJVmZ {H$`m OmEJm : 1
(a) adre Ho$ G$U H$m
(b) _hH$ Ho$ G$U H$m
(c) lr_{V adre Ho$ G$U H$m
(d) _hH$ Ho$ G$U VWm adre Ho$ G$U H$m CZH$s G$U am{e Ho$ AZwnmV _|
AWdm
(ii) gwa{^ VWm brZm EH$ \$_© _| gmPoXma Wo VWm 5 : 3 Ho$ AZwnmV _| bm^-hm{Z H$m
{d^mOZ H$aVo Wo & Amer H$mo \$_© Ho$ bm^m| _| 1 ^mJ Ho$ {bE EH$ ZE gmPoXma Ho$
4 3
ê$n _| àdoe {X`m J`m & Amer Zo AnZo ^mJ H$m ^mJ gwa{^ go J«hU {H$`m &
5
{ZåZ{b{IV _| go Amer Zo {H$VZm ^mJ brZm go J«hU {H$`m : 1

1 3
(a) (b)
10 20
2 3
(c) (d)
5 8

67/3/1 JJJJ Page 4

2. (i) _______ is the basis of relationship between the partners to run the
partnership business. 1
(a) Offer (b) Agreement
(c) Understanding (d) Acceptance
OR
(ii) At the time of change in profit sharing ratio among existing
partners, Reserves are transferred to Partners
in the following ratio : 1
(a) Sacrificing ratio
(b) Gaining ratio
(c) Old profit sharing ratio
(d) New profit sharing ratio

3. (i) Mehak and Ravish were partners in a firm. On dissolution of the

firm, the loan given by Mehak to the firm was < 30,000, by Ravish
was < 15,000, and by Mrs. Ravish was < 10,000. The first
payment will be made for : 1
(a)
(b)
(c)
(d)
amount
OR
(ii) Surbhi and Leena were partners in a firm sharing profits and
losses in the ratio of 5 : 3. Ashi was admitted as a new partner for
1 3
share in the profits of the firm. Ashi acquired of her share
4 5
from Surbhi. From the following, how much share did Ashi acquire
from Leena : 1
1 3
(a) (b)
10 20
2 3
(c) (d)
5 8

67/3/1 JJJJ Page 5 P.T.O.

4. (i) gZ~r_ {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 20,000, 11% G$UnÌm| H$m {ZJ©_Z
10% àr{_`_ na {H$`m, {OZH$m emoYZ 5% àr{_`_ na {H$`m OmZm h¡ & G$UnÌm|
Ho$ {ZJ©_Z na hm{Z ImVo Ho$ Zm_ nj _| IVm¡Zr H$s OmEJr : 1
(a) < 3,00,000
(b) < 2,00,000
(c) < 1,00,000
(d) < 22,00,000
AWdm
(ii) Za{Jg {b{_Q>oS> Zo Jm¡ar {b{_Q>oS> go < 8,00,000 H$s n[agån{Îm`m| H$m H«$` {H$`m
VWm < 2,00,000 H$s Xo`VmE± bt & ^wJVmZ < 100 àË`oH$ Ho$ 8% G$UnÌm| H$mo
20% A{Y_yë` na {ZJ©_Z H$aHo$ {H$`m OmEJm & {ZJ©{_V {H$E OmZo dmbo G$UnÌm|
H$s g§»`m hmoJr : 1
(a) 50,000
(b) 5,000
(c) 6,000
(d) 6,00,000

5. g§{MV ny±Or Ho$ gå~ÝY _| {ZåZ{b{IV _| go H$m¡Z-gm H$WZ gË` h¡ ? 1

(a) `h A`m{MV n±yOr H$m dh ^mJ h¡ {Ogo Ho$db H$ånZr Ho$ g_mnZ Ho$ g_` hr _m±Jm
OmVm h¡ &
(b) `h A{^XÎm n±Oy r H$m dh ^mJ h¡ {Ogo A§em| na _m±J {b`m J`m h¡ &
(c) `h `m{MV n±yOr H$m dh ^mJ h¡ {Ogo A§eYm[a`m| go dmñVd _| àmá H$a {b`m J`m
h¡ &
(d) `h A{YH¥$V n±yOr H$m dh ^mJ h¡ {Ogo dmñVd _| OZVm H$mo A{^XmZ Ho$ {bE
{ZJ©{_V {H$`m J`m h¡ &

6. Jmonmb, H¥$îUm VWm JmoqdX gmPoXma h¢ VWm 5 : 4 : 3 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo h¢ &
1 Aà¡b, 2022 H$mo H¥$îUm godm{Zd¥Îm hmo J`m & Jmonmb VWm JmoqdX Zo Cgo < 1,20,000 H$m
^wJVmZ H$aHo$ bm^ _| CgHo$ ^mJ H$m H«$` H$a {b`m & < 80,000 H$m ^wJVmZ Jmonmb VWm
< 40,000 H$m ^wJVmZ Jmo{d§X Zo {H$`m & A{Ybm^ AZwnmV hmoJm : 1
(a) 5:3 (b) 4:3
(c) 1:1 (d) 2:1

67/3/1 JJJJ Page 6

4. (i) Sunbeam Ltd. issued 20,000, 11% debentures of < 100 each at a
premium of 10%, redeemable at a premium of 5%. The Loss on
Issue of Debentures Account will debited by : 1
(a) < 3,00,000
(b) < 2,00,000
(c) < 1,00,000
(d) < 22,00,000
OR
(ii) Nargis Ltd. purchased assets of < 8,00,000 and took over liabilities
of < 2,00,000 from Gauri Ltd. The payment was made by issue of
8% Debentures of < 100 each at a premium of 20%. Number of
debentures issued will be : 1
(a) 50,000
(b) 5,000
(c) 6,000
(d) 6,00,000

5. 1
(a) It is a portion of the uncalled capital to be called only in the event of
winding up of the company.
(b) It is a part of the subscribed capital which has been called-up on the
shares.
(c) It is that portion of the called-up capital which has been actually
received from the shareholders.
(d) It is that part of the authorised capital that is actually issued to the
public for subscription.

6. Gopal, Krishna and Govind are partners sharing profits and losses in the
ratio of 5 : 4 : 3. Krishna retired on 1st April, 2022. Gopal and Govind
purchased her share of profit by giving her < 1,20,000, < 80,000 being
paid by Gopal and < 40,000 by Govind. The gaining ratio will be : 1
(a) 5:3 (b) 4:3
(c) 1:1 (d) 2:1

67/3/1 JJJJ Page 7 P.T.O.

7. (A) : gmPoXmam| Ho$ G$U na ã`mO H$s IVm¡Zr bm^ -hm{Z ImVo Ho$ Zm_ nj _| H$s
OmVr h¡ &
(R) : gmPoXmam| Ho$ G$U na ã`mO bm^ Ho$ {déÕ à^ma h¡ &
Cn`w©º$ A{^H$WZ (A) VWm H$maU (R) Ho$ AmYma na {ZåZ{b{IV _| go ghr {dH$ën H$m
M`Z H$s{OE : 1
(a) A{^H$WZ (A) ghr h¡ VWm H$maU (R) µJbV h¡ &
(b) A{^H$WZ (A) µJbV h¡ VWm H$maU (R) ghr h¡ &
(c) XmoZm| A{^H$WZ (A) VWm H$maU (R) ghr h¢ &
(d) XmoZm| A{^H$WZ (A) VWm H$maU (R) µJbV h¢ &
8. (i) < 10 Ho$ EH$ A§e, {Ogo < 2 à{V A§e A{Y_yë` na {ZJ©{_V {H$`m J`m h¡, {Og
na < 8 à{V A§e (àr{_`_ g{hV) _m±J {bE JE h¢ VWm
< 6 à{V A§e (àr{_`_ g{hV) àmá H$a {bE JE h¢, H$m haU H$a {b`m & A§e
n±yOr ImVo Ho$ Zm_ nj _| IVm¡Zr H$s OmEJr : 1
(a) < 10 (b) <8
(c) < 12 (d) <6
AWdm
(ii) < 100 Ho$ EH$ A§e H$m, {Og na < 70 àmá H$a {bE JE h¢, < 30 H$s A§{V_
`mMZm H$m ^wJVmZ Z H$aZo Ho$ H$maU, haU H$a {b`m & dh Ý`yZV_ am{e {Og na
Bg A§e H$mo nwZ{Z©J©{_V {H$`m Om gH$Vm h¡, h¡ : 1
(a) < 70 (b) < 30
(c) < 100 (d) < 130
9
10
AZw, Mmé VWm {Xì`m gmPoXma h¢ VWm 2 : 1 : 2 Ho$ AZwnmV _| bm^-hm{Z H$m {d^mOZ H$aVo
h¢ & CZH$s nyy±Or H«$_e: < 5,00,000, < 3,00,000 VWm < 2,00,000 Wt & AZw Zo
ì`{º$JV ê$n go `h Jma§Q>r Xr {H$ {H$gr ^r df© _| {Xì`m Ho$ bm^ H$m ^mJ g^r gmPoXmam|
H$mo 5% à{V df© H$s Xa go n±yOr na ã`mO XoZo Ho$ ~mX < 75,000 go H$_ Zht hmoJm &
31 _mM©, 2022 H$mo g_má hþE df© H$m bm^ < 2,00,000 Wm &

67/3/1 JJJJ Page 8

7. Assertion (A) : Interest on p
Account.

Reason (R) : Interest on p

On the basis of the above Assertion (A) and Reason (R), choose the correct
option from the following : 1
(a) Assertion (A) is correct and Reason (R) is wrong.
(b) Assertion (A) is wrong and Reason (R) is correct.
(c) Both Assertion (A) and Reason (R) are correct.
(d) Both Assertion (A) and Reason (R) are wrong.

8. (i) A share of < 10 issued at a premium of < 2 per share on which < 8
per share (including premium) have been called and < 6 per share
(including premium) is received, is forfeited. Share Capital
Account will be debited by : 1
(a) < 10 (b) <8
(c) < 12 (d) <6
OR
(ii) A share of < 100 on which < 70 has been received is forfeited for
non-payment of final call of < 30. The minimum price at which
this share can be re-issued is : 1
(a) < 70 (b) < 30
(c) < 100 (d) < 130
Read the following hypothetical situation and answer questions number
9 and 10 on the basis of information given :
Anu, Charu and Divya are partners sharing profits and losses in the ratio
of 2 : 1 : 2. Their capitals were < 5,00,000, < 3,00,000 and < 2,00,000
respectively
of profit after allowing interest on capital to all partners @ 5% p.a.
would not be less than < 75,000. The profit for the year ending
31st March, 2022 amounted to < 2,00,000.

67/3/1 JJJJ Page 9 P.T.O.

9. {Xì`m H$s Jma§Q>r H$s am{e {ZåZ{b{IV am{e go H$_ h¡ : 1
(a) < 75,000
(b) < 5,000
(c) < 15,000
(d) < 20,000

10. Jma§Q>r H$s am{e H$m g_m`moOZ H$aZo Ho$ níMmV² gmPoXmam| Ho$ ~rM {d^m{OV H$s OmZo dmbr
A§{V_ bm^ H$s am{e hmoJr : 1
(a) AZw < 50,000; Mmé < 25,000; {Xì`m < 75,000
(b) AZw < 55,000; Mmé < 30,000; {Xì`m < 65,000
(c) AZw < 57,000; Mmé < 28,000; {Xì`m < 65,000
(d) AZw < 45,000; Mmé < 30,000; {Xì`m < 75,000

11. {dH«$_ VWm gw{_V EH$ \$_© _| gmPoXma Wo VWm 2 : 1 Ho$ AZwnmV _| bm^-hm{Z H$m {d^mOZ
H$aVo Wo & g^r g_m`moOZm| Ho$ níMmV² {dH«$_ VWm gw{_V H$s ny±Or H«$_e: < 50,000 VWm
1
< 40,000 Wt & CÝhm|Zo O`ÝV H$mo bm^m| _| ^mJ Ho$ {bE \$_© _| gmPoXma Ho$ ê$n _|
3
àdoe {X`m & O`ÝV \$_© _| AmZwnm{VH$ n±yOr bm`m & O`ÝV Ûmam bmB© JB© n±yOr H$s am{e Wr : 1
(a) < 45,000
(b) < 30,000
(c) < 60,500
(d) < 90,000

12. [aX_ {b{_Q>oS> Zo í`m_ {b{_Q>oS> H$s < 30,00,000 H$s n[agån{Îm`m± VWm < 12,00,000
H$s Xo`VmE± < 23,00,000 Ho$ H«$` _yë` Ho$ ~Xbo bt & H«$` _yë` Ho$ ewÕ n[agån{Îm`m| na
< 5,00,000 Ho$ Am _yë` H$s IVm¡Zr hmoJr : 1
(a) »`m{V ImVo Ho$ Zm_ nj _|
(b) n±yOr g§M` ImVo Ho$ O_m nj _|
(c) {dH«o$Vm Ho$ ImVo Ho$ O_m nj _|
(d) n±yOr g§M` ImVo Ho$ Zm_ nj _|
67/3/1 JJJJ Page 10
9. : 1
(a) < 75,000
(b) < 5,000
(c) < 15,000
(d) < 20,000

10. The final amount of profit distributed among the partners after
adjustment of guaranteed amount will be : 1
(a) Anu < 50,000; Charu < 25,000; Divya < 75,000
(b) Anu < 55,000; Charu < 30,000; Divya < 65,000
(c) Anu < 57,000; Charu < 28,000; Divya < 65,000
(d) Anu < 45,000; Charu < 30,000; Divya < 75,000

11. Vikram and Sumit were partners in a firm sharing profits and losses in
the ratio of 2 : 1. The capitals of Vikram and Sumit after all adjustments
were < 50,000 and < 40,000 respectively. They admitted Jayant as a
1
partner for share in the profits of the firm. Jayant brought
3
proportionate capital in the firm. The amount of capital brought in by
Jayant was : 1
(a) < 45,000
(b) < 30,000
(c) < 60,500
(d) < 90,000

12. Rhythm Ltd. took over assets of < 30,00,000 and liabilities of < 12,00,000
of Shyam Ltd. for a purchase consideration of < 23,00,000. Excess value of
purchase consideration of < 5,00,000 over net assets will be : 1
(a) Debited to Goodwill Account
(b) Credited to Capital Reserve Account
(c) Credited to V Account
(d) Debited to Capital Reserve Account
67/3/1 JJJJ Page 11 P.T.O.
13. B©em VWm Z_Z EH$ \$_© Ho$ gmPoXma Wo VWm 2 : 3 Ho$ AZwnmV _| bm^-hm{Z H$m {d^mOZ
H$aVo Wo & 1 An¡«b, 2022 go CÝhm|Zo bm^-hm{Z H$mo ~am~a-~am~a ~m±Q>Zo na gh_{V H$s &
bm^ {d^mOZ AZwnmV _| n[adV©Z Ho$ H$maU B©em H$m A{Ybm^ AWdm Ë`mJ hmoJm : 1
(a) Ë`mJ 1
10
1
(b) A{Ybm^
10
2
(c) Ë`mJ
5
2
(d) A{Ybm^
5

14. EH$ gmPoXmar \$_© H$s {Z`mo{OV n±yOr < 6,00,000 h¡ & BgH$m Am¡gV bm^ < 80,000 h¡ &
Bgr àH$ma Ho$ ì`dgm` _| à{V\$b H$s gm_mÝ` Xa 10% h¡ & A{Ybm^ H$s am{e h¡ : 1
(a) < 60,000 (b) < 8,000
(c) < 20,000 (d) < 52,000

15. 1 Aà¡b, 2021 H$mo Z_©Xm {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 5,000, 8% G$UnÌm| H$m {ZJ©_Z
10% àr{_`_ na {H$`m & 31 _mM©, 2022 H$mo g_má hmoZo dmbo df© _| G$UnÌm| na Hw$b
ã`mO H$s am{e hmoJr : 1
(a) < 25,000
(b) < 20,000
(c) < 50,000
(d) < 40,000

16. gZ~r_ {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 4,000, 6% G$UnÌm§o H$m {ZJ©_Z < 95 à{V G$UnÌ
na {H$`m & 6% G$UnÌ ImVo Ho$ O_m nj _| IVm¡Zr H$s OmEJr : 1
(a) < 3,80,000
(b) < 4,40,000
(c) < 4,00,000
(d) < 20,000

67/3/1 JJJJ Page 12

13. Isha and Naman were partners in a firm sharing profits and losses in the
ratio of 2 : 3. With effect from 1st April, 2022 they agreed to share profits

or sacrifice will be : 1
1
(a) Sacrifice
10
1
(b) Gain
10
2
(c) Sacrifice
5
2
(d) Gain
5

14. A partnership firm has capital employed of < 6,00,000. Its average
profits are < 80,000. The normal rate of return in similar type of
business is 10%. The amount of super profits are : 1
(a) < 60,000 (b) < 8,000
(c) < 20,000 (d) < 52,000

15. On 1st April, 2021, Narmada Ltd. issued 5,000, 8% Debentures of < 100
each at a premium of 10%. The total amount of interest on debentures for
the year ending 31st March, 2022 will be : 1
(a) < 25,000
(b) < 20,000
(c) < 50,000
(d) < 40,000

16. Sunbeam Limited issued 4,000, 6% Debentures of < 100 each at < 95 per
debenture. 6% Debentures account will be credited by : 1
(a) < 3,80,000
(b) < 4,40,000
(c) < 4,00,000
(d) < 20,000
67/3/1 JJJJ Page 13 P.T.O.
17. H$ZH$, H$_b VWm H$mÝhm EH$ \$_© _| gmPoXma h¢ & CZH$s ñWm`r n±yOr
H«$_e: < 5,00,000, < 10,00,000 VWm < 15,00,000 Wt & do AnZr ñWm`r n±yOr Ho$
AZwnmV _| bm^ ~m±°Q>Vo h¢ & \$_© àË`oH$ df© 31 _mM© H$mo AnZr nwñVH|$ ~§X H$aVr h¡ &
30 {gVå~a, 2021 H$mo H$ZH$ H$s _¥Ë`w hmo JB© & bm^ _| H$ZH$ Ho$ ^mJ H$s JUZm {nN>bo
pñW{V {ddaU H$s {V{W go _¥Ë`w H$s {V{W VH$ {dH«$` Ho$ AmYma na H$s OmEJr &
df© 2020 21 H$m {dH«$` VWm bm^ H«$_e: < 20,00,000 VWm < 2,00,000 Wm &
1 Aà¡b, 2021 go 30 {gVå~a, 2021 VH$ {dH«$` < 6,00,000 Wm &
(i) H$ZH$ Ho$ bm^ Ho$ ^mJ H$s JÊmZm H$s{OE &
(ii) bm^ _| H$ZH$ Ho$ ^mJ Ho$ boIm§H$Z H$s Amdí`H$ amoµOZm_Mm à{dpîQ> H$s{OE & 3

18. (H$) E_ {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 10,000, 8% G$UnÌm| H$mo 6% ~Å>o na {ZJ©{_V
{H$`m & am{e H$m ^wJVmZ {ZåZ àH$ma go Xo` Wm : < 60 AmdoXZ na VWm eof
Am~§Q>Z na & g^r am{e {d{YdV² àmá hmo JB© &
E_ {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 3
AWdm
(I) EH$ H$ånZr Zo < 10 àË`oH$ Ho$ nyU©V: `m{MV 4,000 A§em|, {OZ na < 3 à{V
A§e H$s AmdoXZ am{e H$m ^wJVmZ {H$`m J`m Wm, H$m haU H$a {b`m & BZ_| go
2,000 A§em| H$mo nyU© àXÎm <18,000 na nwZ:{ZJ©{_V H$a {X`m J`m &
Cn`©wº$ boZXoZm| Ho$ {bE Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 3

19. (H$) a_Z, _ZZ VWm Z_Z gmPoXma Wo VWm 2 : 1 : 1 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo & a_Z
Zo à{V _mh < 3,000 VWm _ZZ Zo à{V _mh < 4,000 H$m AmhaU {H$`m &
AmhaU na 6% dm{f©H$ Xa go ã`mO bJm`m J`m O~{H$ gmPoXmar g§boI AmhaU na
ã`mO Ho$ {df` _| _m¡Z Wm &
AnZo H$m`© H$mo ñnîQ> ê$n go Xem©Vo hþE, Ìw{Q> H$mo ewÕ H$aZo hoVw Amdí`H$ g_m`moOZ
à{dpîQ> H$s{OE & 3
AWdm
(I) AéZ VWm ~éZ gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo & CZH$s n±yOr
H«$_e: < 50,000 VWm < 30,000 Wt & gmPoXmar g§boI _| ny±Or na 6% dm{f©H$
Xa go AéZ VWm ~éZ H$mo ã`mO XoZo H$m VWm ~éZ H$mo < 1,000 Ho$ Ì¡_m{gH$ doVZ
XoZo H$m àmdYmZ Wm & 1 2021 H$mo AéZ Zo ã`mO Ho$ ~mao _| {H$gr
g_Pm¡Vo Ho$ {~Zm \$_© H$mo < 1,00,000 H$m G$U {X`m & df© 2021 22 _| A{O©V
bm^ < 26,800 Wo &
31 _mM©, 2022 H$mo g_má hþE df© Ho$ {bE \$_© H$m bm^-hm{Z {d{Z`moOZ ImVm
V¡`ma H$s{OE & 3
67/3/1 JJJJ Page 14
17. Kanak, Kamal and Kanha are partners in a firm. Their fixed capitals
were < 5,00,000, < 10,00,000 and < 15,00,000 respectively. They share
profits in the ratio of their fixed capitals. Firm closes its books of accounts
on 31st March every year. Kanak died on 30th
share of profit till the date of death from the last Balance Sheet date, was
to be calculated on the basis of sales. Sales and Profit for the year
2020 21 were < 20,00,000 and < 2,00,000 respectively. Sales from 1st
April, 2021 to 30th September, 2021 were < 6,00,000.
(i)
(ii) 3

18. (a) M Ltd. issued 10,000, 8% Debentures of < 100 each at 6%

discount. The amount was payable as < 60 on application and the
balance on allotment. All money was duly received.
Pass necessary journal entries in the books of M Ltd. 3
OR
(b) A company forfeited 4,000 shares of < 10 each fully called-up, on
which application money of < 3 each has been paid. Out of these,
2,000 shares were reissued as fully paid up for <18,000.
Pass necessary journal entries for above transactions. 3

19. (a) Raman, Manan and Naman were partners sharing profit in the
ratio of 2 : 1 : 1. Raman withdrew < 3,000 every month and Manan
withdrew < 4,000 every month. Interest on drawings @ 6% p.a.
was charged whereas the partnership deed was silent about
interest on drawings.
Showing your working clearly, pass the necessary adjustment
entry to rectify the error. 3
OR
(b) Arun and Barun were partners sharing profits in the ratio of
3 : 2. Their capitals were < 50,000 and < 30,000 respectively.
Partnership deed provided for interest on capital @ 6% p.a. to Arun
and Barun and quarterly salary of < 1,000 to Barun. Arun had
given a loan of < 1,00,000 on 1st October, 2021 to the firm without
any agreement about interest. For the year 2021 22, the profits
earned were < 26,800.
Prepare Profit and Loss Appropriation Account of the firm for the
year ended 31st March, 2022. 3

67/3/1 JJJJ Page 15 P.T.O.

20. d§{eH$m VWm {eIm EH$ \$_© Ho$ gmPoXma Wo VWm CZH$s ny±Or H«$_e: < 1,00,000 VWm
1
< 80,000 Wt & CÝhm|Zo 1 Aà¡b, 2022 H$mo ^{dî` Ho$ bm^m| _| ^mJ Ho$ {bE {Zem H$mo
4
\$_© H$m EH$ Z`m gmPoXma ~Zm`m & {Zem AnZr nyy±Or Ho$ {bE < 90,000 bmB© & {Zem Zo
AnZo ^mJ H$m A{YJ«hU d§{eH$m VWm {eIm go ~am~a-~am~a {H$`m & \$_© H$s »`m{V H$s
JUZm H$s{OE VWm `h _mZVo hþE {H$ {Zem »`m{V àr{_`_ H$m AnZm ^mJ ZJX Zht bmB©,
{Zem Ho$ àdoe na Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & AnZo H$m`© H$mo ñnîQ> ê$n go
Xem©BE & 3

21. ndZ {b{_Q>oS> < 10 àË`oH$ Ho$ 1,00,000 g_Vm A§em| _| {d^º$ < 10,00,000 H$s
A{YH¥$V ny±Or Ho$ gmW n§OrH¥$V Wr & H$ånZr Zo OZVm H$mo A{^XmZ Ho$ {bE 80,000 g_Vm
A§e àñVm{dV {H$E & am{e H$m ^wJVmZ à{V A§e {ZåZ àH$ma go H$aZm Wm :
AmdoXZ na < 3,
Am~§Q>Z na < 2,
àW_ `mMZm na < 3 VWm
Xÿgar Ed§ ApÝV_ `mMZm na eof
{ZJ©_ nyU© ê$n go A{^XÎm hmo J`m VWm N>{d H$mo Am~§{Q>V 2,000 A§em| na àW_ Ed§ A§{V_

H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma H$ånZr Ho$ pñW{V {ddaU _|
A§e n±yOr Xem©BE & Bgr Ho$ {bE ImVm| Ho$ ZmoQ>² g ^r V¡`ma H$s{OE & 4

22. a{d, H${d VWm Mm§X gmPoXma Wo VWm 5 : 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo &
31 _mM©, 2022 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2022 H$mo a{d, H${d VWm Mm§X H$m pñW{V {ddaU
am{e am{e
Xo`VmE± n[agån{Îm`m±
< <
{d{dY boZXma 70,000 ^y{_ VWm ^dZ 3,50,000
Mm§X H$m G$U 20,000 ñQ>m°H$ 3,00,000
lr_{V Mm§X H$m G$U 20,000 XoZXma 2,00,000

ny±Or : KQ>m àmdYmZ 10,000 1,90,000

a{d 4,00,000 70,000

H${d 3,00,000
Mm§X 1,00,000 8,00,000
9,10,000 9,10,000

67/3/1 JJJJ Page 16

20. Vanshika and Shikha were partners in a firm with capitals of < 1,00,000
and < 80,000 respectively. They admitted Nisha on 1 st April, 2022 as a
1
new partner for share in the future profits of the firm. Nisha brought
4
< 90,000 as her capital. Nisha aquired her share equally from Vanshika
and Shikha. Calculate the value of goodwill of the firm and pass

not bring her share of goodwill premium in cash. Show the working
clearly. 3

21. Pawan Ltd. was registered with an authorised capital of < 10,00,000
divided into 1,00,000 equity shares of < 10 each. The company offered to
the public for subscription, 80,000 equity shares. The amount per share
was payable as follows :
On application < 3,
On allotment <2
On first call < 3 and
On second and final call the balance
The issue was fully subscribed and all amounts due were received except
the first and final call money on 2,000 shares allotted to Chavi. Her
shares were forfeited.
Present the Share Capital in the Balance Sheet of the company as per
Schedule III, Part I of the Companies Act, 2013. Also prepare Notes to
Accounts for the same. 4
22. Ravi, Kavi and Chand were partners sharing profits in the ratio of
5 : 3 : 2. On 31st March, 2022, their Balance Sheet was as follows :
Balance Sheet of Ravi, Kavi and Chand as on 31st March, 2022
Amount Amount
Liabilities < Assets <
Sundry Creditors 70,000 Land and Building 3,50,000
Chand 20,000 Stock 3,00,000
Mrs. Chand 20,000 Debtors 2,00,000
Capitals : Less provision 10,000 1,90,000
Ravi 4,00,000 Cash 70,000
Kavi 3,00,000
Chand 1,00,000 8,00,000
9,10,000 9,10,000

67/3/1 JJJJ Page 17 P.T.O.

 Cn`w©º$ {V{W H$mo \$_© H$m {dKQ>Z hmo J`m &
(i) ^y{_ VWm ^dZ Ed§ ñQ>m°H$ H$mo < 6,00,000 _| ~oM {X`m J`m & XoZXmam| go nwñVH$
_yë` go 10% H$_ H$s dgybr hþB© &
(ii) lr_{V Mm§X Ho$ G$U H$m {ZnQ>mZ CÝh| < 22,000 H$m EH$ H$åß`yQ>a XoH$a {H$`m J`m
{OgH$m boIm nwñVH$m| _| Zht Wm &
(iii) a{d Zo < 30,000 H$s am{e Ho$ EH$ boZXma H$m {ZnQ>mZ Cgo < 20,000 H$m ^wJVmZ
H$aHo$ {H$`m &
(iv) eof boZXmam| H$mo ZH$X ^wJVmZ H$a {X`m J`m &
dgybr ImVm V¡`ma H$s{OE & 4

23. (H$) bmoQ²>g {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 80,000 g_Vm A§em| H$mo < 4 à{V A§e Ho$
àr{_`_ na {ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_pÝÌV {H$E & am{e H$m ^wJVmZ {ZåZ
àH$ma go Xo` Wm :
AmdoXZ na < 5 à{V A§e
Am~§Q>Z na < 9 à{V A§e (àr{_`_ g{hV)
1,40,000 A§em| Ho$ {bE AmdoXZ àmá hþE VWm g^r AmdoXH$m| H$mo AmZwnm{VH$
AmYma na Am~§Q>Z H$a {X`m J`m & AmdoXZ na àmá A{V[aº$ am{e H$m g_m`moOZ
Am~§Q>Z na Xo` am{e _| H$a {b`m J`m & amOrd, {OgZo 1,400 A§em| Ho$ {bE
AmdoXZ {H$`m Wm, Am~§Q>Z am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm & CgHo$ A§em| H$m
haU H$a {b`m J`m & ~mX _|, BZ haU {H$E JE A§em| H$mo < 9 à{V A§e nyU© àXÎm
nwZ:{ZJ©{_V H$a {X`m J`m &
Cn`w©º$ boZXoZm| Ho$ {bE bmoQ²>g {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm
à{d{ï>`m± H$s{OE & 6
AWdm
(I) Q>çy{bn {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 2,40,000 g_Vm A§em| H$mo < 4 à{V A§e Ho$
àr{_`_ na {ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_pÝÌV {H$E & am{e H$m ^wJVmZ {ZåZ
àH$ma go Xo` Wm :
AmdoXZ na < 4 à{V A§e (< 2 àr{_`_ g{hV)
Am~§Q>Z na < 4 à{V A§e
àW_ Ed§ A§{V_ `mMZm na < 6 à{V A§e (< 2 àr{_`_ g{hV)
3,00,000 A§em| Ho$ {bE AmdoXZ àmá hþE VWm g^r AmdoXH$m| H$mo AmZwnm{VH$
AmYma na A§em| H$m Am~§Q>Z H$a {X`m J`m & AmdoXZ na àmá A{V[aº$ AmdoXZ
am{e H$m g_m`moOZ Am~§Q>Z na Xo` am{e _| H$a {b`m J`m & g^r am{e {d{YdV²
àmá hmo JB©, 7,500 A§ímm| Ho$ {bE AmdoXZ {H$`m Wm VWm
Omo Am~§Q>Z VWm àW_ Ed§ A§{V_ `mMZm H$m ^wJVmZ H$aZo _| Ag\$b ahr &
Cn`w©º$ boZXoZm| Ho$ {bE Q>çy{bn {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm
à{d{ï>`m± H$s{OE & Ohm± Amdí`H$ hmo, AXÎm `mMZm ImVm VWm A{J«_ `mMZm ImVm
Imo{bE & 6
67/3/1 JJJJ Page 18
 The firm was dissolved on the above date.
(i) Land and Building and Stock were sold for < 6,00,000. Debtors
were realised at 10% less than the book value.
(ii) Mrs. Chand < 22,000
not recorded in the books.
(iii) Ravi paid off one of the creditors < 20,000 in settlement of his
amount of < 30,000.
(iv) Remaining creditors were paid in cash.
Prepare Realisation Account. 4

23. (a) Lotus Ltd. invited applications for issuing 80,000 equity shares of
< 10 each at a premium of < 4 per share. The amount was payable
as follows :
On application < 5 per share and
On allotment < 9 per share (included premium).
Applications were received for 1,40,000 shares and allotment was
made to all applicants on pro-rata basis. Money overpaid on
applications was adjusted towards sums due on allotment. Rajiv,
who had applied for 1,400 shares, failed to pay the allotment
money. His shares were forfeited. Later on, these forfeited shares
were reissued at < 9 per share as fully paid up.
Pass necessary journal entries for the above transactions in the
books of Lotus Ltd. 6
OR
(b) Tulip Ltd. invited applications for issuing 2,40,000 equity shares of
< 10 each at a premium of < 4 per share. The amount was payable
as under :
On application < 4 per share (including premium < 2)
On allotment < 4 per share
On first and final call < 6 per share (including premium < 2)
Applications for 3,00,000 shares were received and pro-rata
allotment was made to all the applicants. Excess application
money received with applications was adjusted towards sums due
on allotment. All moneys were duly received except from Rohini
who had applied for 7,500 shares, and failed to pay allotment and
first and final call.
Pass the necessary journal entries for the above transactions in the
books of Tulip Ltd. Open Calls-in-arrears and Calls-in-advance
account, wherever necessary. 6

67/3/1 JJJJ Page 19 P.T.O.

24. (H$) H$ VWm I gmPoXma, Omo 3:2 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo, H$m 31 _mM©, 2022
H$mo pñW{V {ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2022 H$mo H$ VWm I H$m pñW{V {ddaU

am{e am{e
Xo`VmE± <
n[agån{Îm`m± <

boZXma 30,000 20,000

{Zdoe CVma- 12,000 XoZXma 85,000

gm_mÝ` g§M` 25,000 KQ>m àmdYmZ 5,000 80,000

ny±Or : ñQ>m°H$ 1,30,000

H$ 1,60,000 {Zdoe 60,000

I 1,40,000 3,00,000 \$ZuMa 77,000

3,67,000 3,67,000

1 Aà¡b, 2022 H$mo CÝhm|Zo bm^ _| 1 ^mJ Ho$ {bE J H$mo {ZåZ{b{IV eVm] na
5
EH$ Z`m gmPoXma ~ZmZo H$m {ZU©` {H$`m :
(i) J AnZr ny±Or Ho$ {bE < 1,00,000 VWm »`m{V Ho$ AnZo ^mJ Ho$ {bE
< 50,000 »`m{V àr{_`_ bmEJm &
(ii) < 2,000 H$m EH$ _hrZo H$m doVZ AXÎm Wm &
(iii) {Zdoe H$m ~mµOma _yë` < 50,000 Wm &
(iv) EH$ XoZXma, {OgH$s XoZXmar H$mo Sy>~V G$U Ho$ ê$n _| An{b{IV H$a {X`m
J`m Wm, Zo nyU© {ZnQ>mZ _| < 12,000 H$m ^wJVmZ {H$`m &
nwZ_y©ë`m§H$Z ImVm VWm gmPoXmam| Ho$ ny±Or ImVo V¡`ma H$s{OE & 6
AWdm

67/3/1 JJJJ Page 20

24. (a) On 31st March, 2022 the Balance Sheet of partners A and B, who
were sharing profits in the ratio of 3 : 2 was as follows :
Balance Sheet of A and B as at 31st March, 2022

Amount Amount
Liabilities < Assets <

Creditors 30,000 Cash at Bank 20,000

Investment
12,000 Debtors 85,000
Fluctuation Fund
Less
General Reserve 25,000 provision 5,000 80,000

Capitals : Stock 1,30,000

A 1,60,000 Investments 60,000

B 1,40,000 3,00,000 Furniture 77,000

3,67,000 3,67,000

1
On 1st April 2022, they decided to admit C as a new partner for
5
share in the profits on the following terms :

(i) C brought < 1,00,000 as his Capital and < 50,000 as his
share of Premium for Goodwill.

(ii) One month salary < 2,000 was outstanding.

(iii) The market value of investments was < 50,000.

(iv) A debtor, whose dues were written off as bad debts, paid
< 12,000 in full settlement.

Prepare Revaluation Account and Partners Capital Accounts. 6

OR

67/3/1 JJJJ Page 21 P.T.O.

 (I) A{ZVm, JrVm VWm grVm EH$ \$_© _| gmPoXma Wo VWm 2 : 2 : 1 Ho$ AZwnmV _|
bm^-hm{Z ~m±Q>Vo Wo & 31 _mM©, 2022 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go
Wm :
31 _mM©, 2022 H$mo A{ZVm, JrVm VWm grVm H$m pñW{V {ddaU
am{e am{e
Xo`VmE± n[agån{Îm`m±
< <
ny±Or : ^y{_ VWm ^dZ 4,80,000

A{ZVm 2,00,000 {Zdoe 1,20,000

JrVm 2,00,000
XoZXma 1,50,000
grVm 1,00,000 5,00,000
KQ>m
gm_mÝ` g§M` 30,000
àmdYmZ 10,000 1,40,000
boZXma 5,00,000 ñQ>m°H$ 1,20,000
1,70,000
10,30,000 10,30,000

Cn`w©º$ {V{W H$mo, A{ZVm \$_© go godm{Zd¥Îm hmo JB© VWm eof gmPoXmam| Zo ì`dgm`
Omar aIZo H$m {ZU©` {b`m & n[agån{Îm`m| Ho$ nwZ_©yë`m§H$Z VWm Xo`VmAm| Ho$
nwZ{Z©Ym©aU na {ZåZ gh_{V hþB© :
(i) \$_© H$s »`m{V H$m _yë`m§H$Z < 3,00,000 {H$`m J`m &
(ii) ^y{_ VWm ^dZ H$mo < 1,23,000
(iii) Sy>~V G$U < 20,000 Wo & XoZXmam| na g§{X½Y G$Um| Ho$ {bE 10% H$m
àmdYmZ H$aZm Wm &
(iv) A{ZVm H$mo M¡H$ Ûmam < 80,000 H$m VwaÝV ^wJVmZ H$a {X`m J`m & eof
am{e H$m hñVmÝVaU CgHo$ G$U ImVo _| H$a {X`m J`m {OgH$m ^wJVmZ Xmo
~am~a dm{f©H$ {H$íVm| _| 10% dm{f©H$ Xa go ã`mO g{hV {H$`m OmEJm &
A{ZVm Ho$ godm{Zd¥Îm hmoZo na nwZ_y©ë`m§H$Z ImVm VWm gmPoXmam| Ho$ ny±Or ImVo V¡`ma
H$s{OE & 6

67/3/1 JJJJ Page 22

 (b) Anita, Geeta and Sita were partners in a firm sharing profits
and losses in the ratio of 2 : 2 : 1. Their Balance Sheet as at
31st March, 2022 was as follow :
Balance Sheet of Anita, Geeta and Sita as at 31st March, 2022

Amount Amount
Liabilities < Assets <

Capitals : Land and Building 4,80,000

Anita 2,00,000 Investments 1,20,000

Geeta 2,00,000
Debtors 1,50,000
Sita 1,00,000 5,00,000
Less
General Reserve 30,000
Provision 10,000 1,40,000
Creditors 5,00,000 Stock 1,20,000
Cash at Bank 1,70,000
10,30,000 10,30,000

On the above date, Anita retired from the firm and the remaining
partners decided to carry on the business. It was agreed to revalue
the assets and reassess the liabilities as follows :
(i) Goodwill of the firm was valued at < 3,00,000.
(ii) Land and Building was to be appreciated by < 1,23,000.

(iii) Bad debts amounted to < 20,000. A provision for doubtful

debts was to be maintained at 10% on debtors.
(iv) Anita was paid < 80,000 immediately by cheque. The
balance amount was transferred to her loan account which
was to be paid in two equal annual instalments along with
interest @ 10% p.a.

67/3/1 JJJJ Page 23 P.T.O.

25. V¥fm, A{Zem VWm G${fH$m EH$ \$_© _| gmPoXma Wo VWm 2 : 2 : 1 Ho$ AZwnmV _| bm^-hm{Z
~m±Q>Vo Wo & 31 _mM©, 2022 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2022 H$mo V¥fm, A{Zem VWm G${fH$m H$m pñW{V {ddaU
am{e am{e
Xo`VmE± n[agån{Îm`m±
< <
ny±Or : g§`§Ì Ed§ _erZar 5,00,000

V¥fm 3,00,000 ñQ>m°H$ 1,00,000

A{Zem 2,00,000
XoZXma 60,000
G${fH$m 1,00,000 6,00,000

gm_mÝ` g§M` 50,000 40,000

boZXma 50,000

7,00,000 7,00,000

31 OwbmB©, 2022 H$mo V¥fm H$s _¥Ë`w hmo JB© & gmPoXmar g§boI Ho$ AZwgma _¥VH$ gmPoXma Ho$
{ZînmXH$ {ZåZ Ho$ hH$Xma Wo :
(i) gmPoXma Ho$ ny±Or ImVo _| eof &
(ii) < 15,000 Ì¡_m{gH$ doVZ &
(iii) »`m{V _| ^mJ {OgH$s JUZm {nN>bo VrZ dfmªo Ho$ Am¡gV bm^m| Ho$ Xmo JwUm Ho$
AmYma na H$s OmEJr &
(iv) {nN>bo boIm§H$Z df© H$s g_m{á go _¥Ë`w H$s {V{W VH$ bm^m| _| ^mJ {OgH$s JUZm
{nN>bo df© Ho$ bm^ Ho$ AmYma na H$s OmEJr & 2019 20, 2020 21 VWm
2021 22 Ho$ bm^ H«$_e: < 1,00,000, < 2,00,000 VWm < 1,50,000 Wo &

(v) V¥fm Zo 1 _B©, 2022 H$mo AnZo ì`{º$JV Cn`moJ Ho$ {bE < 20,000 H$m AmhaU
{H$`m &
AnZo H$m`© H$mo ñnîQ>Vm go Xem©Vo hþE CgHo$ {ZînmXH$m| H$mo àñVwV H$aZo hoVw V¥fm H$m ny±Or
ImVm V¡`ma H$s{OE & 6

67/3/1 JJJJ Page 24

25. Trisha, Anisha and Rishika were partners in a firm sharing profits and
losses in the ratio of 2 : 2 : 1. Their Balance Sheet as at 31st March, 2022
was as follows :
Balance Sheet of Trisha, Anisha and Rishika as at 31st March, 2022

Amount Amount
Liabilities < Assets <
Capitals : Plant and Machinery 5,00,000

Trisha 3,00,000 Stock 1,00,000

Anisha 2,00,000
Debtors 60,000
Rishika 1,00,000 6,00,000

General Reserve 50,000 Cash at Bank 40,000

Creditors 50,000

7,00,000 7,00,000

Trisha died on 31st July, 2022. According to the partnership deed, the
executors of the deceased partner were entitled to :

(i)

(ii) Salary @ < 15,000 per quarter.

(iii) Share of goodwill calculated on the basis of twice the average of past

(iv) Share of profits from the closure of the last accounting year

2019 20, 2020 21 and 2021 22 were < 1,00,000, < 2,00,000
and < 1,50,000 respectively.

(v) Trisha withdrew < 20,000 on 1st May, 2022 for her personal use.
Showing
rendered to her executors. 6

67/3/1 JJJJ Page 25 P.T.O.

26. (H$) 1 , 2021 H$mo nrhÿ {b{_Q>oS> Zo < 20 àË`oH$ Ho$ < 15,00,000, 9%
G$UnÌm| H$mo < 6 à{V G$UnÌ Ho$ ~Å>o na {ZJ©{_V {H$`m & Bgr {V{W H$mo H$ånZr Ho$
à{V^y{V àr{_`_ g§M` ImVo _| < 1,00,000 eof Wm & 31 _mM©, 2022 H$mo
H$ånZr Zo H$ånZr A{Y{Z`_, 2013 Ho$ àmdYmZm| Ho$ AZwgma G$UnÌm| Ho$ {ZJ©_Z na
~Å>o H$mo An{b{IV H$aZo H$m {ZU©` {b`m &
G$UnÌm| Ho$ {ZJ©_Z VWm G$UnÌm| Ho$ {ZJ©_Z na ~Å>o H$mo An{b{IV H$aZo Ho$ {bE
Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE &
(I) 1 Aà¡b, 2021 H$mo gmo_m {b{_Q>oS> Zo _moZm {b{_Q>oS> go ^y{_ H$m H«$` {H$`m & gmo_m
{b{_Q>oS> Zo _moZm {b{_Q>oS> Ho$ nj _| < 10,00,000 H$m EH$ M¡H$ {ZJ©{_V {H$`m
VWm 6 _mh Ho$ níMmV² Xo` < 5,00,000 H$m EH$ {d{Z_`-nÌ ñdrH¥$V {H$`m & eof
am{e H$m ^wJVmZ < 100 àË`oH$ Ho$ 5,000, 10% G$UnÌm| Ho$ {ZJ©_Z Ûmam {H$`m
J`m &
Cn`w©º$ boZXoZm| Ho$ {bE gmo_m {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm
à{dpîQ>`m± H$s{OE & 3+3=6
^mJ I
{dH$ën - I
({dÎmr` {ddaUm| H$m {díbofU)
27. (i) {ZåZ{b{IV _| go H$m¡Z-gm bm^àXVm AZwnmV h¡ : 1
(a) gH$b bm^ AZwnmV
(b) {Zdoe na àË`m`
(c) ñdm{_Ëd AZwnmV
(d) àMmbZ AZwnmV
AWdm
(ii) {ZåZ{b{IV _| go H$m¡Z-gm {dÎmr` {ddaUm| H$m {díbofU H$m EH$ gmYZ h¡ : 1
(a)
(b) bm^-hm{Z {ddaU
(c) pñW{V {ddaU
(d) (a) VWm (b) XmoZm|

67/3/1 JJJJ Page 26

26. (a) On 1st October, 2021 Pihu Ltd. issued < 15,00,000, 9% Debentures
of < 20 each at a discount of < 6 per debenture. The company had
a balance of <
on the same date. On 31st March, 2022 the company decided to
write off discount on issue of debentures according to the
provisions of Companies Act, 2013.
Pass necessary journal entries for issue of debentures and writing
off discount on issue of debentures.

(b) On 1 st April, 2021, Soma Ltd. purchased land from Mona Ltd.
Soma Ltd. issued a cheque of < 10,00,000 and accepted a bill of
exchange payable after 6 months for < 5,00,000 in favour of Mona
Ltd. The balance amount was paid by issuing 5,000, 10%
Debentures of < 100 each at par.
Pass the necessary journal entries in the books of Soma Ltd. for
the above transactions. 3+3=6
PART B
OPTION I
(Analysis of Financial Statements)

27. (i) Which of the following is not : 1

(a) Gross Profit Ratio
(b) Return on Investment
(c) Proprietary Ratio
(d) Operating Ratio
OR
(ii)
: 1
(a) Cash Flow Statement
(b) Statement of Profit and Loss
(c) Balance Sheet
(d) Both (a) and (b)

67/3/1 JJJJ Page 27 P.T.O.

28. (i) EH$ H$ånZr H$m G$U-g_Vm AZwnmV 2 : 1 h¡ & {ZåZ{b{IV _| go H$m¡Z-gm boZXoZ
G$U- ? 1
(a) < 1,00,000 Ho$ A§em| H$m {ZJ©_Z
(b) < 4,00,000, 9% G$UnÌm| H$m {ZJ©_Z
(c) < 3,00,000 Ho$ ~moZg A§em| H$m {ZJ©_Z
(d) < 50,000 Ho$ boZXmam| H$m ^wJVmZ
AWdm
(ii) 31 _mM©, H$mo g_má hþE df© _| lÕm {b{_Q>So > Zo ã`mO Ed§ H$a go nyd©
2022
< 15,00,000 H$m ewÕ bm^ A{O©V {H$`m & H$ånZr H$m < 50,00,000 H$m EH$
10% XrK©H$mbrZ G$U Wm & H$a Xa 40% h¡ & H$ånZr H$m ã`mO AmdaU AZwnmV
hmoJm : 1

(a) 2 JwZm
(b) 3 JwZm
(c) 1·2 JwZm
(d) 1·5 JwZm

29. {ZåZ{b{IV _| go H$m¡Z-go > Vwë` H$m AÝVdm©h hmoJm : 1

(a) < 80,000 H$s bmJV H$m \$ZuMa < 75,000 _| ~oMm J`m
(b) < 5,00,000 Ho$ ~moZg A§em| H$m {ZJ©_Z
(c) < 15,000 Ho$ ì`mnm[aH$ Xo` H$m ^wJVmZ
(d) ñWm`r n[agån{Îm`m| na < 11,000 H$m _yë`õmg àXmZ {H$`m J`m

30. {ZåZ{b{IV _| go H$m¡Z- h¡ : 1

(a) < 25,000 H$s {dnUZ-`mo½` à{V^y{V`m| H$m H«$`
(b) < 2,80,000 H$s ^y{_ H$m {dH«$`
(c) < 3,00,000 Ho$ {d{Z`moJm| H$m {dH«$`
(d) < 1,00,000 Ho$ g§`§Ì H$m H«$`
67/3/1 JJJJ Page 28
28. (i) The Debt-Equity Ratio of a company is 2 : 1. Which of the following
transactions will increase the Debt-Equity Ratio ? 1
(a) Issue of shares < 1,00,000
(b) Issue of 9% debentures < 4,00,000
(c) Issue of bonus shares < 3,00,000
(d) Payment of creditors < 50,000

OR

(ii) During the year ended 31st March, 2022, Shradha Ltd. earned net
profit of < 15,00,000 before interest and tax. The company has a
10% long term debt of < 50,00,000. The tax rate is 40%. The
Interest Coverage Ratio of the company will be : 1

(a) 2 times

(b) 3 times

(c) 1·2 times

(d) 1·5 times

29. Which of the following transactions would result in inflow of cash and
cash equivalents : 1
(a) Furniture costing < 80,000 sold for < 75,000
(b) Issue of bonus shares < 5,00,000
(c) Payment to trade payables < 15,000
(d) Provided depreciation on fixed assets < 11,000

30. Which of the following transactions is not related to cash flows from
investing activities : 1
(a) Purchase of marketable securities < 25,000
(b) Sale of land < 2,80,000
(c) Sale of investments < 3,00,000
(d) Purchase of equipment < 1,00,000
67/3/1 JJJJ Page 29 P.T.O.
31. H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma H$ånZr H$s {ZåZ{b{IV _Xm|
H$mo pñW{V {ddaU Ho$ _w»` erf©H$m| VWm Cnerf©H$m| (`{X H$moB© h¡) Ho$ AÝVJ©V dJuH¥$V
H$s{OE : 3

(i) IZZ A{YH$ma

(ii) A{J«_ àmá Am`

(iii) ny±OrJV H$m`© àJ{V na

32. Eogo {H$Ýht H$s{OE {OZH$s JUZm

g§gmYZm| Ho$ à^mdnyU© Cn`moJ na AmYm[aV ì`dgm` Ho$ àMmbZm| H$s à^m{dH$Vm H$mo _mnZo
Ho$ {bE H$s OmVr h¡ & 3

33. (H$) {ZåZ{b{IV gyMZm go gH$b bm^ AZwnmV H$s JUZm H$s{OE : 4

Am¡gV BÝdoÝQ>ar (ñQ>m°H$) < 1,60,000; BÝdoÝQ>ar AmdV© AZwnmV 8 JwZm; Am¡gV
ì`mnm[aH$ àmß` < 2,00,000; ì`mnm[aH$ àmß` AmdV© AZwnmV 6 JwZm VWm ZJX
{dH«$` Hw$b {dH«$` H$m 25% &

AWdm

(I) {ZåZ{b{IV gyMZm go H$m`©erb ny±Or AmdV© AZwnmV H$s JUZm H$s{OE : 4

{d{Z`mo{OV ny±Or < 1,00,000

AMb n[agån{Îm`m± < 80,000

àMmbZm| go AmJ_ bmJV < 3,20,000

gH$b bm^ AZwnmV 20%

67/3/1 JJJJ Page 30
31. Classify the following items under major heads and sub-heads (if any) in

the Balance Sheet of a company as per Schedule III, Part I of the

Companies Act, 2013. 3

(i) Mining Rights

(ii) Income received in advance

(iii) Capital work in progress

32. Identify and state the significance of any two ratios that are calculated to
measure the efficiency of operations of business based on effective
utilisation of resources. 3

33. (a) Calculate Gross Profit Ratio from the following information : 4

Average Inventory < 1,60,000; Inventory Turnover Ratio 8 times,

Average Trade Receivables < 2,00,000; Trade Receivables

Turnover Ratio 6 times and Cash Sales 25% of Total Sales.

OR

(b) From the following information, calculate Working Capital

Turnover Ratio : 4

Capital Employed < 1,00,000

Non-Current Assets < 80,000

Cost of Revenue from Operations < 3,20,000

Gross Profit Ratio 20%

67/3/1 JJJJ Page 31 P.T.O.

34. íZ H$m CÎma Xr{OE :
_oH$-BZ-B§{S>`m {_eZ go ào[aV hmoH$a AmµOmX Zo AmµOmX {b{_Q>oS H$ånZr Ho$ ê$n _|
2016 _| N>: AÝ` àdV©H$m| Ho$ gmW AnZm EH$ Z`m ì`dgm` Amaå^ {H$`m & H$ånZr
bJmVma AÀN>m AmJ_ A{O©V H$a ahr h¡ & 31 _mM©, 2022 H$mo AmµOmX {b{_Q>oS H$s {dÎmr`
pñW{V {ZåZ àH$ma Wr :
31 _mM©, 2022 H$mo AmµOmX {b{_Q>oS> H$m pñW{V {ddaU

ZmoQ> 31.3.2022 31.3.2021

{ddaU g§. < <
I g_Vm VWm Xo`VmE± :
1. A§eYmaH$$ {Z{Y`m±
(H$) A§e ny±Or 19,00,000 17,00,000
(I) g§M` Ed§ Am{Y 1 6,00,000 3,00,000
2. AMb Xo`VmE±±
XrK©H$mbrZ CYma 2 5,00,000 4,00,000
3. Mmby Xo`VmE±
(H$) bKwH$mbrZ CYma 3 1,70,000 1,75,000
(I) bKwH$mbrZ àmdYmZ 4 2,00,000 1,65,000
Hw$b 33,70,000 27,40,000
II n[agån{Îm`m± :
1. AMb n[agån{Îm`m±
(H$) ñWm`r n[agån{Îm`m±
(i) _yV© n[agån{Îm`m± 5 24,00,000 19,00,000
(ii) A_yV© n[agån{Îm`m± 6 4,00,000 3,00,000
(I) AMb {Zdoe 1,00,000 2,00,000
2. Mmby n[agån{Îm`m±
(H$) Mmby {Zdoe 1,40,000 1,70,000
(I) ñQ>m°H$ (_mbgyMr) 2,60,000 1,30,000
(J) 70,000 40,000
Hw$b 33,70,000 27,40,000

67/3/1 JJJJ Page 32

34. Read the following hypothetical text and answer the given question on
this basis :
-in- -up in the

The company has been earning good revenue consistently. The financial
position of Azad Ltd. as at 31st March, 2022 was as follows :
Balance Sheet of Azad Ltd. as at 31st March, 2022
Note 31.3.2022 31.3.2021
Particulars
No. < <
I Equity and Liabilities :
1.
(a) Share Capital 19,00,000 17,00,000
(b) Reserves and Surplus 1 6,00,000 3,00,000
2. Non-Current Liabilities
Long-term Borrowings 2 5,00,000 4,00,000
3. Current Liabilities
(a) Short-term Borrowings 3 1,70,000 1,75,000
(b) Short-term Provisions 4 2,00,000 1,65,000
Total 33,70,000 27,40,000
II Assets :
1. Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets 5 24,00,000 19,00,000
(ii) Intangible Assets 6 4,00,000 3,00,000
(b) Non-current Investments 1,00,000 2,00,000
2. Current Assets
(a) Current Investments 1,40,000 1,70,000
(b) Inventories 2,60,000 1,30,000
(c) Cash and Cash
Equivalents 70,000 40,000
Total 33,70,000 27,40,000

67/3/1 JJJJ Page 33 P.T.O.

 ImVm| Ho$ ZmoQ²>g :

ZmoQ> 31.3.2022 31.3.2021

g§. < <
(1) ² 6,00,000 3,00,000
bm^-hm{Z {ddaU H$m eof)

(2) XrK©H$mbrZ CYma

12% G$UnÌ 5,00,000 4,00,000

(3) bKwH$mbrZ CYma

~¢H$ A{Y{dH$f© 1,70,000 1,75,000

(4) bKwH$mbrZ àmdYmZ

H$a àmdYmZ 2,00,000 1,65,000

(5) _yV© n[agån{Îm`m±

_erZar 26,00,000 20,00,000

KQ>m EH${ÌV _yë`õmg (2,00,000) (1,00,000)

24,00,000 19,00,000

(6) A_yV© n[agån{Îm`m±

»`m{V 4,00,000 3,00,000

(i) < 1,00,000, 12% G$UnÌm| H$m {ZJ©_Z 1 Aà¡b, 2021 H$mo {H$`m J`m &

(ii) < 80,000 bmJV H$s EH$ _erZar H$mo, {Og na EH${ÌV _yë`õmg < 40,000 Wm,
< 10,000 Ho$ A{Ybm^ na ~oMm J`m &

{Zdoe J{V{d{Y`m| VWm {dÎmr` J{V{d{Y`m| 6

67/3/1 JJJJ Page 34

 Notes to Accounts :
Note 31.3.2022 31.3.2021
No. < <

(1) Reserves and Surplus 6,00,000 3,00,000

(Surplus i.e. Balance in Statement
of Profit and Loss)
(2) Long-term Borrowings
12% Debentures 5,00,000 4,00,000
(3) Short-term Borrowings
Bank Overdraft 1,70,000 1,75,000
(4) Short-term Provisions
Provision for Tax 2,00,000 1,65,000
(5) Tangible Assets

Machinery 26,00,000 20,00,000

Less Accumulated Depreciation (2,00,000) (1,00,000)

24,00,000 19,00,000
(6) Intangible Assets
Goodwill 4,00,000 3,00,000

Additional Information :

(i) < 1,00,000, 12% Debentures were issued on 1st April, 2021.
(ii) A piece of machinery costing < 80,000 on which accumulated
depreciation was < 40,000, was sold at a gain of < 10,000.

Calculate cash flows from Investing Activities and Financing Activities . 6

67/3/1 JJJJ Page 35 P.T.O.

 ^mJ I
{dH$ën - II
(A{^H${bÌ boIm§H$Z)
27. (i) {ZåZ{b{IV _| go EH$ Cnm»`mZ (boO|S>) H$mo EH$ MmQ>© na nwZ:ñWm{nV {H$`m Om
gH$Vm h¡ : 1
(a) Ho$db {H$Zmao na
(b) H$ht ^r
(c) Ho$db Xm`t Amoa
(d) x-Aj Ho$ Vb na
AWdm
(ii) {ZåZ{b{IV _| go H$m¡Z-go A{^H${bÌ boIm àUmbr Ho$ nm±M ñVå^ h¢ : 1
(a) , à{VdoXZ, ~hr, hmS>©do`a, gm°âQ>do`a
(b) , bmoJ, H$m`©{d{Y, hmS>©do`a, gm°âQ>do`a >
(c) bmoJ, H$m`©{d{Y, ~hr, , ImVm| Ho$ MmQ>©
(d) , H$moqS>J, H$m`©{d{Y, {Z`_, {ZJ©V
28. EH$ g_yh H$m g¥OZ H$aZo Ho$ {bE {ZåZ{b{IV _| go H$m¡Z-gm _oÝ`y Cn`moJ {H$`m OmVm h¡ : 1
(a) JoQ>do Qy> Q>b
o r >> _mñQ>a >> boIm§H$Z gyMZm >> àXe©Z
(b) JoQ>do Qy> Q>b
o r >> _mñQ>a >> g§nmXZ >> boIm§H$Z gyMZm >
(c) JoQ>do Qy> Q>b
o r >> _mñQ>a > boIm§H$Z gyMZm >> g¥OZ
(d) JoQ>do Qy> Q>b
o r >> _mñQ>a >> AmëQ>a > boIm§H$Z gyMZm
29. {ZåZ{b{IV _| go Cg boIm§H$Z gyMZm Cn-àUmbr H$mo nhMm{ZE Omo {dH«$` Ed§ {H$E JE
g§J«hU Ho$ Amd{YH$ à{VdoXZm| H$mo CËnÞ H$aVr h¡ : 1
(a) H$ Cn-àUmbr
(b) {dH«$` VWm àmß` ImVo Cn-àUmbr
(c) BÝdoÝQ>>ar Cn-àUmbr
(d) ~OQ> Cn-àUmbr
67/3/1 JJJJ Page 36
 PART B
OPTION II
(Computerised Accounting)

27. (i) From the following a legend can be repositioned on a chart : 1

(a) On the corner only
(b) Anywhere
(c) On right-side only
(d) On the bottom of x-axis

OR

(ii) Which of the following are the five pillars of computerised

accounting system : 1
(a) Data, Report, Ledger, Hardware, Software
(b) Data, People, Procedure, Hardware, Software
(c) People, Procedure, Ledger, Data, Chart of Accounts
(d) Data, Coding, Procedure, Rules, Output

28. Which of the following menu is used to create a group : 1

(a) Gateway to Tally > master > accounting information > display
(b) Gateway to Tally > master > edit > accounting information
(c) Gateway to Tally > master > accounting information > create
(d) Gateway to Tally > master > alter > accounting information

29. From the following, identify the Accounting information sub-system

which generates periodic reports about sales and collections made : 1
(a) Cash and Bank sub-system
(b) Sales and Accounts Receivable sub-system
(c) Inventory sub-system
(d) Budget sub-system

67/3/1 JJJJ Page 37 P.T.O.

30. (i) {d{eîQ> _mZ
Ûmam {H$`m OmVm h¡ AWm©V² : 1
(a) EH$b _mZ
(b) ^ÊS>m[aV _mZ
(c) ~hþ _mZ
(d) eyÝ` _mZ
AWdm
(ii) BZnwQ> : 1
(a)
(b)
(c)
(d)

31. Om{VJV gm°âQ>do`a VWm {d{eîQ> gm°âQ>do`a Ho$ _Ü` {H$Ýht VrZ AmYmam| na A§Va
ñnîQ> H$s{OE & 3

32. A{^H${bÌ boIm§§H$Z àUmbr H$s {ZåZ{b{IV Xmo {deofVmAm| H$mo g_PmBE : 3
(i) gab Ed§ EH$sH¥$V
(ii) ewÕVm VWm J{V

33. (H$) H$s{OE & 4

AWdm
(I) boIm§§H$Z h¡ ? 4

34. Cg {dÎmr` H$m`© (\$bZ) H$m Zm_ Xr{OE Omo 5% Hy$nZ Xa Ho$ EH$ ~m°ÊS> na Cnm{O©V ã`mO
XoVm h¡ VWm Ohm± {Zdoe H$s -{dÝ`mg
^r g_PmBE & 6

67/3/1 JJJJ Page 38

30. (i) Absence of data items is represented by one of the special values
from the following i.e. : 1
(a) Single value
(b) Stored value
(c) Multi value
(d) Null value

OR

(ii) The process of comparing input data with some unknown data is
called : 1
(a) Storage data
(b) Information data
(c) Data entry
(d) Data validation

31.
three bases. 3

32. Explain the following two features of Computerised Accounting System : 3

(i) Simple and integrated
(ii) Accuracy and speed

33. (a) State the steps to be taken in preparation of a chart. 4

OR
(b) What is meant by Accounting Cycle ? State its basic phases. 4

34. Name the financial function which returns accrued interest on a bond
with 5% coupon rate and where issue and settlement date of investment
is also given. Also explain its syntax. 6

67/3/1 JJJJ Page 39 P.T.O.