ACCOUNTANCY (055)

CLASS – XII
PROJECT WORK
GROUP – 1

STUDENT DATA - 2023-25

SL.NO EXAM ROLL NO. STUDENT'S NAME SEX SEC NAT ACCOUNTANCY
GROUP DIVISION
1 5023001 AAKANKSHA MOHANTY F B BR
2 5023007 ADYASHA RANI SAGAR F B DS
3 5023009 AKRUTI GURU F B DS
4 5023015 AVANTIKA BHATTAR F A BR
5 5023024 GARIMA BANKA F A DS
6 5023027 JIYA PATEL F A DS
7 5023028 JYOTI KEDIA F B BR
8 5023029 KANISKA GUPTA F B DS
9 5023032 MANOSWINI SETHI F B BR
10 5023035 MONIKA BOIPAI F B BR
11 5023038 NYSA SUBUDHI F A DS
GROUP – 1

12 5023041 PALAK AGRAWAL F A BR

13 5023047 PRIYANKA MOHANTY F B DS
14 5023052 PUJA RANI MAHANTA F A BR
15 5023062 SAKSHI AGRAWAL F A BR
16 5023063 SANSKRUTI PANDA F A BR
17 5023066 SHRISHTI AGRAWAL F B DS
18 5023068 SWATI SWIKRUTY PANDA F A DS
19 5023069 TANU KEDIA F B BR
20 5023078 RANI MAHAPATRA F B DS
21 5023080 TANIA GUPTA F B DS
22 5023082 VRIDDHI POPAT F B DS
23 5023084 SHRESHTHI PANDEY F A BR
24 5023085 PRACHI SHARMA F BR

Set – 1 (ALL GIRLS)

VEER & ZAARA, decided to do business of fashion garments in name & style of M/s VEERA
Fashions. They joined hands as VEER was a good fashion designer and ZAARA was experienced
in marketing fashion goods. They purchased a building for Rs.5,00,000. The building was
suitably decorated to make it fit for such business. They further invested Rs.1,00,000 on
decoration. They had invested the above Rs.6,00,000 by borrowing Rs.3,00,000 from State
Bank of India, bargarh and balance amount was brought in equally by VEER and ZAARA.
 Total amount of bank loan is to be paid in 20 quarterly installments beginning from 30th
June, 2023. Annual rate of interest is 12%.
Bank loan and interest repaid in first year are:-
June 30, 2023 = Rs.15,000 + Rs.9,000
Sept 30, 2023 = Rs.15,000 + Rs.8,550
Dec 31, 2023 = Rs.15,000 + Rs.8,100
Mar 31, 2024 = Rs.15,000 + Rs.7,650

They started business on 1st April, 2023. Both the partners decided to deposit
Rs.1,00,000 each in Bank. They deposited Rs.5,000 for electricity connection with TPWODL.
They paid a deposit of Rs.2,000 with MTNL for internet connection. They also purchased
furniture for Rs.10,000. All the payments were to be made by cheques. All receipts
were deposited into bank on the same day.
At the end of the year, their books of a/c showed following:

Particular Amount (Rs.)

Total Sales 20,00,000
Total Purchases 17,00,000
Electricity Expense 40,000
Telephone Charges 50,000
Cartage inwards 15,000
Cartage Outwards 45,000
Travelling Expenses 45,000
Entertainment Expenses 5,000
Maintenance Expenses 25,000
Miscellaneous Expenses 15,000
Electricity Expenses Payable 20,000

They withdraw Rs.2,500 by cheque each month for personal expenses. They paid bank loan
regularly.
You are required to
1. Journalise the above transactions. Post them into ledger and prepare trial balance
2. Prepare trading and profit and loss account and balance sheet of M/s VEERA Fashions
Charge depreciation @ 10% on furniture and fixtures and 5% on business premises,
stock as on 31-3-2024 was Rs. 5,50,000.
3. Prepare a pie / bar diagram to show the expenses and profit.
 GROUP - 2
CONTROL EXAM ACCOUNTANCY GROUP
SL.NO STUDENT'S NAME SEX SEC NAT
NO ROLL NO. DIVISION
1 23020522 5023002 AAYUSHMAN MISHRA M A BR
2 23020409 5023004 ABHINASH KUMAR MEHTA M B BR
3 23020792 5023005 ABHISEK MISHRA M A BR
4 23020847 5023074 ADARSH KUMAR YADAB M B BR
5 23020718 5023006 ADRIKSH BHATTACHARJEE M A BR
6 0210430 5023073 AKASH GUPTA M A BR
7 027277 5023011 AMARENDRA KUMAR SINGH M B BR
8 23020578 5023012 ANWESH MAHAKUD M A BR
9 23020410 5023013 ARMAN SINGH M B BR
10 0210735 5023083 ARPIT KUMAR SAHU M B BR
11 23020789 5023014 ARUSH ARYAMAN MEHER M A BR
12 029993 5023017 BHUPENDRA PATEL M A BR

GROUP - 2
13 23020550 5023019 DAKESWAR MEHER M B BR
14 0210551 5023021 DHANANJAYA NARAYAN BADHAI M B BR
15 0211822 5023022 DITIKRISHNA DEBATA M B BR
16 0211816 5023023 GAGAN PURSETH M A BR
17 025376 5023026 JITEN KUMAR MEHER M A BR
18 23020472 5023031 M.OM PRASAD SUBUDHI M A BR
19 23020742 5023036 NARENDRA KUMAR MAHATO M a BR
20 23020460 5023037 NIKHIL AGRAWAL M A BR
21 23020468 5023039 P SUJAL PATRO M B BR
22 23020812 5023040 PABAN BAG M B BR
23 23020556 5023042 PARTH AGRAWAL M A BR
24 23020504 5023044 PIYUSH SHARMA M B BR
25 23020787 5023045 PRADIP SAHU M B BR
26 23020415 5023046 PRATIK KUMAR SAHU M B BR

Set – 2
On 1st March, 2023 Mr. Mohit started a Furniture business in GANDHI CHOWK , BARGARH.
Mr. Mohit invested Rs 50,00,000. HE FURNISHED THE FOLLOWING INFORMATIONS.

March 2 Cash deposited into the bank Rs. 30,00,000.

March 3 Goods purchased (3,000 Chairs) for cash Rs 8,00,000 at 25% trade discount .
March 4 Machinery Purchased for cash Rs.5,50,000 and installation expenses paid Rs. 50,000.
March 5 Computer Purchased paid by cheque Rs. 50,000.
March 6 Goods sold (2,000 Chairs) for Cash Rs. 7,00,000.
March 7 Carriage paid Rs. 18,000.
March 10 Goods purchased (1,000 Tables) from Dinesh & company Rs. 12,50,000 at 20% trade discount .
March 12 Goods Sold( 500 Tables to Mohit & Brother Rs.20,00,000 at 40% trade discount .
March 13 Investment purchased by cheque Rs. 2,00,000.
March 15 amount paid to Dinesh & company by cheques Rs. 4,00,000.
March 16 Furniture Purchased for office use paid by cheque Rs. 1,50,000.
March 17 Cash withdrawn for personal use Rs. 40,000.
March 18 Cheques received from Mohit and brother Rs 8,00,000 and deposited into Bank same day.
March 19 Goods purchased ( 1000 Tables) from Dinesh & company Rs. 10,00,000 at 20% trade discount .
March 20 Goods sold for Cash Rs. 5,00,000.
March 21 Goods Sold ( 500 Chairs and 500 tables) to Mohit & Brother Rs.10,00,000 at 20% trade discount .
March 22 Cash withdrawn from bank for office use Rs. 1,00,000.
March 23 Advertisement Expenses paid by cheque Rs. 1,20,000.
March 24 Insurance premium paid Rs. 20,000 by cheque.
March 25 Cash received from Mohit & brother Rs 2,00,000.
March 26 Cash paid to Dinesh & company Rs. 1,50,000.
March 27 Commission Received Rs. 20,000.
March 28 wages paid Rs.15,000.
March 29 Cash withdrawn for personal use Rs. 40,000.
March 30 Salary Rs 25,000, Rent Rs. 16,000 paid by cheque.
March 31 Depreciation charge on machinery Rs. 5,000.
March 31 Depreciation charge on Computer Rs. 2,500.
March 31 Bank charges charged by bank Rs. 5,000.
March 31. Interest received on investment Rs. 4,000.

You are required to

i) Journalise the above transactions. Post them into ledger and prepare trial balance
ii) Prepare trading and profit and loss account and balance sheet of Mr. Mohit.
iii) Charge depreciation @ 25% on computer and machines. 10% on furniture and
fixtures.
iv) Prepare a pie / bar diagram to show the expenses and profit.

GROUP – 3
ACCOUNTANCY
CONTROL EXAM ROLL
SL.NO STUDENT'S NAME SEX SEC NAT GROUP
NO NO.
DIVISION
1 23020426 5023048 PRIYANSHU DANSENA M A BR
2 0210030 5023049 PRIYANSHU JAIN M A BR
3 23020355 5023053 PUTTA SRI VINAY M A BR
4 23020727 5023054 RASHMI RANJAN PRADHAN M A BR
5 23020530 5023055 RISHABH KUMAR GUPTA M A BR
6 23020339 5023056 ROHAN MEHER M B BR
7 23020716 5023058 SAHIL KUMAR SAHU M A BR
8 211177 5023067 SIDDHI BINAYAK BEHERA M B BR
9 23020817 5023064 SOURAV AGRAWAL M b BR
10 23020849 5023079 TANAYA DAS M B BR
11 23020673 5023070 TRILOK SA M A BR
GROUP - 3

12 23020577 5023071 TUSHAR CHANDRA BISWAL M B BR

13 23020804 5023072 VALLURI PRIYANSH M B BR
14 024917 5023003 ABHILASH PUJARI M B DS
15 029777 5023008 AKANSH PANDA M B DS
16 23020781 5023010 AMALAN JYOTI MUND M A DS
17 029935 5023020 DEBANSH AGRAWAL M A DS
18 23020854 5023075 DHRUV SAWDIA M A DS
19 23020765 5023030 KRISHNA KANT JALAN M B DS
20 029819 5023034 MOHAMMAD MUZAMMIL M a DS
21 23020657 5023043 PIYUSH KUMAR SAHU M A DS
22 029754 5023050 PRIYANSHU PANDA M B DS
23 027468 5023051 PRIYANSHU SAH M A DS
24 024792 5023059 SAHIL PRASAD M b DS
25 029874 5023060 SAI AGRAWAL M A DS
 Set -3

Mr. Shekhar decided to commence a computer business in a building which was constructed at a cost of Rs. 2,00,000
and contributed a further sum of Rs. 5,00,000. He wanted to start with 10 computers. He started business on 1st
April 2020. On the same date, he deposited Rs. 4,80,000 in the bank.

He went on to PNB bank and put up his proposal and managed to get a loan to the extent of 75 percent of the cost
of the computers Rs. 8,00,000 with printers. It was agreed that the loan will be repaid in three annual instalments as
follows.

At the end of first year - Rs. 2,00,000 + Rs. 60,000 (Interest)

At the end of 2nd year - Rs. 2,00,000 + Rs. 40,000 (Interest)

At the end of 3rd year - Rs. 2,00,000 + Rs. 20,000 (Interest)

He gave Rs. 2,00,000 to the computer company as 25% of the value of the computer purchased and Rs. 6,00,000 out
of bank loan availed. He deposited Rs. 2,000 for the electrical connection with the Electricity Board and deposited Rs.
2,00,000 TSNL for the telephonic connection. He got the furnished computer cafe by paying Rs. 50,000 and also
spent Rs. 4,500 in getting pamphlets printed and distributed.

All payments were to be made by cheque and all the receipts were in cash to be deposited in the bank on the same
day. At the end of the year, their results showed following:

Revenue from fees received from students of computer class Rs. 5,60,000

Revenue from internet facility Rs. 2,40,000

Revenue from sale of computer hardware Rs. 1,96,000

Purchases of computer hardware Rs. 1,10,000

Telephone expenses Rs. 68,000

Petty expenses Rs. 24,000

Entertainment expenses Rs. 20,000

Miscellaneous expenses Rs. 20,000

Wages paid Rs. 12,000

He withdrew Rs. 12,000 by cheque each month for their personal expenses. He paid the bank loan regularly.

YOU ARE Required TO:

a. Journalise the above transaction

b. Post them into ledger accounts

c. Prepare the Trial Balance

d. Prepare the Trading, Profit and Loss Account and Balance Sheet

after taking into account that electricity charges of Rs. 2,48,000 is yet to be paid. Charge depreciation at the rate of
25% on computers, 10% on furniture and 5% on buildings.