Q024

;Series PO1 RS/1: Set - 1:

Q.P. Code 67/1/1
Roll No.
Candidates must write the Q.P. Code
IIIIL! on the title page of the answer-book.

Please check that this question paper contains 39 printed pages.

Please check that this question paper contains 34 questions.
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.
Please write down the serial number of the question in the answer-book
before attempting it.
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.

ACCOUNTANCY

feAaH 3H :80
Time allowed : 3 hours Maximum Marks:80

67/1/1-11 Page 1 of 39 P.T.O.

General Instructions:
Read the following instructions carefully and follow them :
(i) This question paper contains 34 questions. All questions are compulsory.
(iü) Thisquestion paper is divided into two parts Part A and Part B.
(iüi) Part A is compulsory for all candidates,
(iv) Part B has two options. Candidates hawe to attempt only one of the given
options.
Option l: Analysis of FinancialStatements
Option Il: Computerised Accounting
(v) Questions number 1 to 16 (Part A)and GQuestions number 27 to 30 (Part B) are
multiple choice questions. Bach question caries I mark.
(vi) Questions number 17 to 20 (Part A) and Questions number 31 und 32 (Purt B)
are short answer type questions. Each question carries 3 marks.
(vii) Questions nunber 21, 22 (Part A) and Question number 33 (Part B)are Long
answer type-I questions. Each question carries 4 marks.
(vi) Questions number 23 to 26 (Part A) and Question number $4 (Part B) are Long
answer type-ll questions. Each question carries 6 marks.
(ix) There is no overall choice. However, an internal choice has been provided in few
questions in each of the parts.
PART A
(Accounting for Partnership Firms and Companies)
1. (a) Atul, Beena and Sita were partners in a firm sharing profits and
losses in the ratio of 8:7:5. Damini was admitted as a new
partner for 1 th share in the profits which she acquired entirely
5
from Atul. The new profit sharing ratio after Damini's admission
will be:
(A) 7:7:5:1 (B) 4:7:5:4
(C) 8:7:5::4 (D) 7:5:8:4
OR

(b) Rushil and Abheer were partners in a firm sharing profits and
losses in the ratio of 4 : 3. They admitted Sunil as a new partner
for 3 th share in the profits of firm, which he acquired 72 th share
7
from Rushil and th share from Abheer. The new profit sharing
7
ratio of Rushil, Abheer and Sunil will be:
(A) 4:3:3 (B) 2:1:3
(C) 2:2:3 (D) 4:3:1
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2. Abhay, Boris and Chetan were partners in a firm sharing profits in the
ratio of 5:3:2. Boris was guaranteed a profit of 95,000. Any deficiency
on account of this was to be borne by Abhay and Chetan equally. The
firm earned a profit of 2,00,000 for the year ended 31st March, 2023.
The amount given by Abhay to Boris as guaranteed amount will be : 1
(A) 17,500 (B) 35,000
(C) 7 25,000 (D) 7 10,000

3. Aavya, Mitansh and Praveen were partners in a firm. On 31st March,

2023, the firm was dissolved. Creditors took over furniture of book value of
50,000 at 45,000in part settlement of their amount of 60,000. The
balance amount was paid to them through cheque. The amount paid
through cheque willbe: 1
(A) 10,000 (B) 50,000
(C) 45,000 (D) T 15,000

4. Piyush, Rajesh and Avinash were partners in a firm sharing profits and
losses egqually. Shiva was admitted as a new partner for an equal share.
Shiva brought his share of capital and premium for goodwill in cash. The
premium for goodwill amount will be divided among : 1

(A) Old partners in old ratio

(B) New partners in new ratio
(C) New partners in sacrificing ratio
(D) Old partners in sacrificing ratio

5. Alex, Benn and Cole were partners in a firm sharing profits and losses in
the ratio of 5:3:2. They admitted Dona as a new partner for l th share
5
in the future profits. Dona agreed to contribute proportionate capital. On
the date of admission, capitals of Alex, Benn and Cole after all
adjustments were 1,20,000; 80,000 and 1,00,000 respectively.
The amount of capital brought in by Dona will be :
(A) 75,000 (B) 60,000
(C) 65,000 (D) 70,000

67/1/1-11 Page 5 of 39 P.T.O.

6. Assertion (A): Each partner is a principal as well as an agent for all the
other partners.
Reason (R): As per the definition of Partnership Act, partnership
business may be carried on by all the partners or any of
them acting for all.
Choose the correct option from the following : 1
(A) Both Assertion (A) and Reason (R) are correct, but Reason (R) is
not the correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are correct and Reason (R) is
the correct explanation of Assertion (A).
(C) Assertion (A) is correct, but Reason (R) is incorrect.
(D) Assertion (A) is incorrect, but Reason (R) is correct.

Read the following hypothetical situation and answer questions No. 7 and 8 on
the basis of the given information.
Abha and Babita were partners in a clay toy making firm sharing profits
in the ratio of 2:1. On 1st April, 2023, their capital accounts showed
balances of 5,00,000and 10,00,000 respectively. The partnership
deed provides for interest on capital @10% p.a. The firm earned a profit
of 90,000 during the year.
7. The amount of interest on capital allowed to Abha will be : 1

(A) 50,000 (B) 1,00,000

(C) T 60,000 (D) T 30,000
8. Babita's share in profit will be :
(A) T 60,000 (B) 30,000
(C) Nil (D) 7 1,00,000

9. Alfa Ltd. invited applications for 50,000 equity shares of 10 each at a

premium of 30%. The whole amount was payable on application.
Applications were received for 2,50,000 shares. The company decided to
allot the shares on a pro-rata basis to all the applicants. The amount 1
refunded by the company was :
(A) T 32,50,000 (B) 15,60,000
(C) 39,00,000 (D) 26,00,000
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67/1/1-11 Page 7 of 39
10. Reserve capital is that part of capital which cannot be called
except at the time of winding up of the company. 1
(A) Issued (B) Called up
(C) Uncalled (D) Nominal
11. Xeno Ltd. issued 25,000 equity shares of 10 each. The amount was
payable as follows:
On Application ?4 per share
On Allotment 5 per share
On First and Final call Balance
All the shares offered were applied for and allotted. All the money due on
allotment was received except on 1,500 shares. These shares were
forfeited immediately after allotment. First and final call was not yet
made. At the time of forfeiture, Share Capital Account will be debited by : 1

(A) 15,000 (B) F 24,000

(C) 13,500 (D) 18,000
12, Assertion (A): Irredeemable debentures are also known as perpetual
debentures.
Reason (R): The company does not give any undertaking for the
repayment of money borrowed by issuing such
debentures. They are repayable on the winding up of the
Company or on the expiry of a long period.
1
Choose the correct option from the following:
(A) Both ASsertion (A) and Reason (R) are correct and Reason (R) is
the correct explanation of Assertion (A).
Reason (R) is
(B) Both Assertion (A) and Reason (R) are correct, but
not the correct explanation of Assertion (A).
(C) Assertion (A) is incorrect, but Reason (R) is correct.
(D) Assertion (A) is correct, but Reason (R) is incorrect.
before it is actually
13. (a) Money received in advance from shareholders 1
called up by the directors is:
(A) debited to calls in advance account
(B) credited to calls in advance account
(C) debited to share capital account
(D) credited to share capital account
OR
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Page 9 of 39
67/1/1-11
 (b) An offer of securities or invitation to subscribe securities to a select
group of persons is termed as :
(A) Buy back of shares
(B) Employee stock option plan
(C) Private placement of shares
(D) Sweat Equity
14. (a) A share of 100 on which 80 is received is forfeited for
non-payment of final call of 20. The minimum price at which
this share can be reissued is:
(A) 120 (B) 100
(C) 80 (D) 20
OR
(b) Shiv Ltd. forfeited 500 shares of 10 each on which 7 per share
was paid. These shares were reissued for 9 per share fully paid.
Amount transferred to Capital Reserve Account will be:
(A) 3,000 (B) Z 5,000
(C) 4,500 (D) Z 3,500

15. (a) Dan, Elf and Furhan were partners in a firm sharing profits in the
ratio of 5:3:2. With effect from 1st April, 2023, they decided to
change their profit sharing ratio to 2:3:5. There existed a
General Reserve of 90,000 on the date of change in profit
sharing ratio. The partners decided not to distribute General
Reserve.
of the above will
The necessary adjustment entry to show the effect
be:
Dr. Amount Cr. Amount
Date Particulars () (?)
(A) Dan's Capital A/c Dr. 27,000
27,000
To Furhan's Capital A/c
(B) Dan's Capital Alc Dr. 90,000
90,000
To Furhan's Capital Alc
(C) Furhan's Capital A/e Dr. 27,000
27,000
To Dan's Capital A/e
(D) Furhan's Capital Ae Dr. 90,000
90,000
To Dan's Capital Ale
OR
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67/1/1-11 Page 11 of 39
 (b) Sia, Tom and Vidhi were partners in a firm sharing profits in the
ratio of 3:2:1. With effect from 1st April, 2023, they decided to
share profits and losses in thefuture in the ratio of 1:2:3.There
existeda Debit Balance of 60,000 in Profit and Loss Account on
that date.
The necessary journal entry for distribution of the balance in the
Profit and Loss Account will be:
Date Particulars Dr. Amount Cr. Amount
()
(A) 30,000
Sia's Capital A/c Dr.
Tom's Capital Alc Dr. 20,000
Vidhi's Capital A/c Dr. 10,000
To Profit and Loss Alc 60,000
(B)
|Sia'sCapital Alc Dr. 10,000
|Tom's Capital A/c Dr. 20,000
Vidhi's Capital Alc Dr. 30,000
To Profit and Loss A/c 60,000
(C) Sia's Capital Alc Dr. 20,000
To Vidhi's Capital Alc 20,000
(D) Vidhi's Capital Alc Dr. 20,000
To Sia's Capital A/c 20,000

16. (a) Anju, Divya and Bobby were partners in a firm sharing profits and
losses in the ratio of 3:2:1. Bobby retired. The new profit sharing
ratio between Anju and Divya after Bobby's retirement was 5:3.
The gaining ratio of remaining partners will be : 1

(A) 3:2 (B) 5:3

(C) 3:1 (D) 2:3

OR
(b) Mita, Veena and Atul were partners in a firm sharing profits and
losses in the ratio of 3: 2: 1. Atul retired and his share was taken
over by Mita and Veena in the ratio of 1 :4. Thenew profit sharing
ratio between Mita and Veenaafter Atul's retirement will be:
(A) 3:2 (B) 8:7
(C) 7:3 (D) 2:3
67/1/1-11 Page 13 of 39 P.T.O.
17. Aamir, Bashir and Chirag were partners in a firm sharing profits and
losses in the ratio of 3:3:2. Chirag retired. Aamir and Bashir decided to
share profits and losses in future in the ratio of 1:2. On the day of
Chirag's retirement, goodwill of the firm was valued at ? 5,40,000.
Calculate gaining ratio and pass necessary journal entry to record the
treatment of goodwill (without opening goodwill account) on Chirag's
retirement. 3

18. Pearl and Ruby were partners in a firm with a combined capital of
2,50,000. The normal rate of return was 10%. The profits of the last
four years were as follows :

2019 20 35,000
2020 -21 25,000
2021 - 22 32,000
2022 - 23 33,000
The closing stock for the year 2022 - 23 was overvalued by 5,000.
Calculate goodwill of the firm based on three years' purchase of the last
four years' average super profit.

19. (a) Sunrise Ltd. acquired assets of 3,60,000 and took over creditors
of 1,00,000 from Moonlight Ltd. for an agreed purchase
consideration of 4,80,000. Sunrise Ltd. issued 9% Debentures of
100 each at a discount of 4% in satisfaction of the purchase
consideration.
Ltd. Show
Pass necessary journal entries in the books of Sunrise
3
your workings clearly.
OR
(b) Grapple Ltd. took over assets of 25,00,000 and liabilities of
5,00,000 from Allore Ltd. for an agreed purchase consideration
100 each
of 18,00,000. Grapple Ltd. issued 11% Debentures of
consideration.
at 20% premium in satisfaction of the purchase
Ltd. Show
Pass necessary journal entries in the books of Grapple 3
your workings clearly.
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67/1/1-11 Page 15 of 39
 20. (a) Mohan, Suhaan and Adit were partners in a firm sharing profits
and loSses in the ratio of 3:2:1. Their fixed capitals were :
2,00,000, 1,00,000 and 1,00,000 respectively. For the year
ended 31st March, 2023, interest on capital was credited to their
accounts @ 8% p.a. instead of 5% p.a.
Pass necessary adjusting journal entry. Show your workings clearly.
OR

(b) Manoj and Nitin were partners in a firm sharing profits and losses
in the ratio of 2 : 1. On 31t March, 2023, the balances in their
capital accounts after making adjustments for profits and
drawings were 90,000 and 80,000 respectively. The net profit
for the year ended 31St March, 2023 amounted to 30,000. During
the year Manoj withdrew 40,000 and Nitin withdrew 20,000.
Subsequently, it was noticed that Interest on Capital @ 10% p.a.
was not provided to the partners. Also Interest on Drawings to
Manoj 3,000 and to Nitin 2,000 was not charged.
Pass necessary adjusting journal entry. Show your workings clearly. 3

21. Shivalik Limited was registered with an authorized capital of

10,00,000 divided into equity shares of 10 each.
It offered 50,000 equity shares to the public. The amount was payable as
follows :
On Application 2per share
On Allotment 76 per share
On First and Final call Balance
The issue was fully subscribed. All the amounts were duly received
except the allotment and first and final call money on 4,000 equity
shares. These equity 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
4
Accounts' for the same.
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67/1/1-11 Page 17 of 39
22. Archana, Vandana and Arti were partners in a firm sharing profits and
losses in the ratio of 5:3: 2. Their Balance Sheet on 31st March, 2023
was as follows:

Balance Sheet of Archana, Vandana and Arti as at 31st March, 2023

Amount Amount
Liabilities Assets

Capitals : Investments 80,000

Archana 80,000 Plant 1,00,000
Vandana 70,000 Stock 40,000
Arti 60,000 2,10,000 Debtors 50,000
General Reserve 30,000 Cash at Bank 30,000
Creditors 60,000
3,00,000 3,00,000
The firm was dissolved on the above date.
(i) Assets were realised as follows:
Debtors 40,000
Stock F 50,000
Plant 60,000
(ii) 25% of the Investments were taken over by Vandana at 18,000.
Remaining Investments were taken over by Archana at 10% less
than its book value.
(iii) Expenses of realisation 20,000 were paid by Arti.
Prepare Realisation Account. 4

23. Azhar, Sumit and Robit were partners in a frm sharing profits and
losses in the ratio of 3: 1:1. Their Balance Sheet as at 31st March, 2023,
was as follows :

Balance Sheet of Azhar, Sumit and Robit as at 31st March, 2023

Amount Amount
Liabilities Assets

Creditors 90,000 Bank 20,000

General Reserve 60,000 Stock 40,000
Capitals : Debtors 1,50,000
Azhar 60,000 Fixed Assets 60,000
Sumit 40,000
Robit 20,000 1,20,000
2,70,000 2,70,000

67/1/1-11 Page 19 of 39 P.T.0.

 Robit died on 30th June, 2023. According to the Partnership deed, Robit's
legal representatives were entitled to :
(i) Balance in his Capital Account.
(ii) His share of General Reserve.

(iii) Interest on capital @10%o p.a.

(iv) His share of goodwill. Goodwill of the firm was valued on the basis
of thrice the average of the past four years' profits.
(v) His share in profits up to the date of death on the basis of the
profit for the last year.
Profit for the previous years were:

2019 -20 (3,000)

2020 - 21 28,000

2021 -22 16,000

2022 - 23 15,000
Prepare Robit's Capital Account to be rendered to his legal representatives. 6

Debentures of
24. On 1st April, 2022, Zubian Ltd. issued 10,00,000, 7%
4% after
100 each at a premium of 6%, redeemable at a premium of
Securities Premium
five years. The company had a balance of 30,000 in
Account.
of debentures and for
(a) Pass necessary journal entries for issue
utilising Securities
writing off Loss on Issue of Debentures'
Premium Account at the end of the first year itself.
the year ended
(b) Prepare Loss on Issue of Debentures Account' for
6
31st March, 2023.
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67/1/1-11 Page 21 of 39
25. (a) Qumtan Ltd. invited applications for issuing 1,00,000 equity
shares of 10 each at a premium of 6per share. The amount
was paynble as follows:
On Application and Allotment ?8 per share
(including premium 3)
On First and Final call - Balance (including premium)
Applications for 1,60,000 shares were received. Applications for
10,000 shares were rejected and pro-rata allotment was made to
the remaining applicants. Excess money received on application
and allotment was returned. Dheeraj, who was allotted 200 shares,
failed to pay the first and final call money. His shares were
forfeited. All the forfeited shares were reissued at 5 per share
fully paid up.
Pass necessary journal entries in the books of Qumtan Ltd.
6

OR

(b) Printkit Limited invited applications for issue of 80,000 equity

shares of ? 10 each. The amount was payable as follows :
On Application ? 3 per share

On Allotment 2 per share

On First and Final call Balance

Applications for 1,50,000 shares were received. Applications for

made to
10,000 shares were rejected and pro-rata allotment was
the remaining applicants on the following basis :
allotted
Category A - Applicants for 80,000 shares were
40,000 shares.
allotted
Category B - Applicants for 60,000 shares were
40,000 shares.
adjusted towards
Excess money received on application was the amounts
call. All
amount due on allotment and first and final
were duly received.
due on allotment and first and final call 6
Limited.
Pass necessary journal entries in the books of Printkit
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67/1/1-11 Page 23 of 39
26. (a) Shubhi and Revanshi were partners in a firm sharing profits
and losses in the ratio of 3:2. Their Balance Sheet as at
31st March, 2023 was as follows:

Balance Sheet of Shubhi and Revanshi as at 31st March, 2023

Amount Amount
Liabilities Assets

Capitals : Fixed Assets 90,000

Shubhi 60,000 Stock 38,000
Revanshi 32,000 92,000 Debtors 30,000
General Reserve 30,000 Cash 52,000
Bank Loan 18,000
Creditors 70,000
2,10,000 2,10,000

On 1st April, 2023 they admitted Pari into the partnership on the
following terms:
(i) Pari willbring 50,000 as her capital and 50,000 for her
share of premiumfor goodwill forth
4 share in the profits of
the firm.
(iü) Fixed assets were depreciated @30%.
(iii) Stock was valued at 45,000.

(iv) Bank loan was paid off.

(v) After all adjustments capitals of Shubhi and Revanshi were
to be adjusted taking Pari's capital as the base. Actual cash
was to be paid off or brought in by the old partners as the
case may be.
6
Prepare Revaluation Account and Partners' Capital Accounts.
OR

67/1/1-11 Page 25 of 39 P.T.O.

 (b) Rishi, Shashi and Trishi were partners in a firm sharing profits
1 1 1
and losses in proportion of and respectively. Their
2' 6
Balance Sheet as at 31st March, 2023 was as follows :

Balance Sheet of Rishi, Shashi and Trishi as at 31st March, 2023

Amount Amount
Liabilities Assets

Capitals : Fixed Assets 80,000

Rishi 36,000 Stock 20,000

Shashi 30,000 Debtors 30,000

Trishi 20,000 86,000 Cash 40,000

General Reserve 30,000

Creditors 54,000
1,70,000 1,70,000

Shashi retired from the firm on 1t April, 2023 on the following

terms:

(i) Fixed Assets were valued at 56,000.

(ii) Stock was taken over by Shashi at 26,000.

Goodwill of the firm was valued at 18,000 on Shashi's
(iiü)
retirement

(iv) Balance in Shashi's Capital Account was transferred to her

loan account.
Prepare Revaluation Account and Partners' Capital Accounts. 6

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67/1/1-11
 PART B
OPTION -I
(Analysis of Financial Statements)
27. The Quick Ratio of a company is 1 :2. Which of the following transactions
will result in an increase in this ratio ? 1

(A) Cash received from debtors

(B) Sold goods on credit
(C) Purchased goods on credit
(D) Purchased goods on cash

28. Identify which of the following transactions will result in 'Cash Inflow
1
From Operating Activities':
(A) Payment tocreditors
(B) Interest received by a non-finance company
(C) Dividend received by a non-finance company
(D) Amount received from debtors

29. (a) Analysis of Financial Statements is useful and significant to

different users. Which of the following users is particularly
interested in the firm's ability to meet their claims over a very
short period of time ? 1

(A) Labour Unions (B) Trade Payables

(C) Top Management (D) Finance Manager
OR

(b) ratios are calculated to determine the ability of the

business to service its debt in the long run. 1

(A) Liquidity (B) Turnover

(C) Solvency (D) Profitability

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67/1/1-11 Page 29 of 39
 30. (a)
The transaction 'Acquisition of machinery by issue of equity shares
of 5,00,00,000' willresult in : 1
(A) Cash inflow of 5,00,00,000 from financing activities
(B) Cash outflow of 5,00,00,000 from financing activities
(C) Cash outflow of 5,00,00,000 from investing activities
(D) No flow of cash
OR
(b) The transaction Capital Gains Tax paid on sale of fixed assets' is
classified under which of the following : 1
(A) Operating Activities
(B) Investing Activities
(C) Financing Activities
(D) Cash and Cash Equivalents
31. Classify the following items under major heads and sub-heads (if any) in
the Balance Sheet of the company as per Schedule III Part I of the
Companies Act, 2013 :
(a) Long Term Loans from Bank
(b) Loose Tools
(c) Outstanding Expenses
32. From the given information, calculate:
(a) Quick Ratio
(b) Inventory Turnover Ratio
Amount
Particulars
()
Current Assets 4,00,000
Inventory 1,00,000
Current Liabilities 2,00,000
Net Profit Before Tax 7,20,000
Revenue from Operations 10,00,000
Gross Profit Ratio 20%
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67/1/1-11
 33. (a)
From the given Balance Sheet of Geox Ltd., prepare Common Size
Balance Sheet :

Balance Sheet of Geox Ltd. as at 31st March, 2023

Note 31.3.2023 31.3.2022
Particulars No.

I- Equity and Liabilities:

1. Shareholders' Funds
(a) Share Capital 4,00,000 2,50,000
2. Non-Current Liabilities
(a) Long-term Borrowings 2,00,000 1,50,000
3. Current Liabilities
(a) Trade Payables 2,00,000 1,00,000
Total 8,00,000 5,00,000
II- Assets:
1. Non-Current Assets
(a) Fixed Assets/Property,
Plant and Equipment
and Intangible Assets 4,00,900 3,50,000
2 Current Assets
(a) Inventories 2,00,000 70,000
(b) Trade Receivables 2,00,000 80,000
Total 8,00,000 5,00,000
OR

(b)
From the following information, prepare a Comparative Statement
of Profit and Loss for the year ended 31s March, 2022 and 2023 : 4

Note 2022 23 2021 - 22

Particulars (?)
No. ()
Revenue from operations 10,00,000 8,00,000
Employee benefit expenses 2,50,000 1,00,000

Other expenses 5,50,000 4,00,000

Tax rate 50%

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34. From the following information, calculate Cash Flows From Operating
Activities': 6

Amount
Particulars ()
Surplus i.e. Balance in Statement 6,28,000
of Profit and Loss

Provision for Tax 1,50,000

Proposed Dividend for the previous year 72,000

Depreciation 1,40,000
Loss on Sale of Machinery 30,000
Gain on Sale of Investments 20,000

Dividend Received on Investments 6,000

Increase in Current Liabilities 1,61,000
Increase in Current Assets
6,00,000
(other than cash and cash equivalents)
Decrease in Current Liabilities 64,000
Income Tax Paid 1,18,000

PART B
OPTION-II
(Computerised Accounting)

27. Data, Hardware and Software are five pillars

of Computerised Accounting System (CAS).
1

From the following, which two pillars of CAS are missing in the above
statement :

(A) Printer and Mouse

(B) People and Procedures

Mouse and CPU
(C)
(D) Information and Accounts

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67/1/1-11
28. (a)
Name the Accounting Information sub-system which deals with
receipt and payment of cash and electronic funds transfer :
(A) Sales and Accounts Receivable sub-system
(B)
Purchase and Accounts Payable sub-system
(C) Cash and Bank sub-system
(D)
Costing sub-system
OR
(b) When the accumulated data from various sources is processed in
one shot it is called : 1

(A) Real time processing

(B) Data validation
(C) Batch processing
(D) Processing and revalidation

29. How many categories of data can be plotted on a pie chart in Excel
software ? 1

(A) 4 (B) 12

20 (D) 7
(C)

30. (a) Codes Dealer Type

100 - 199 Cycle tyres
200 -299 Cycle seats
From the following, identify the type of code used by a trading
1
company :

(A) Block code

(B)
Sequential code
Mnemonic code
(C)
Secret code
(D)
OR
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67/1/1-11
 (b) Correct ##### appears :
(A) When column is not wide enough.
(B) When a number is divided by zero.
(C) When value is not available.
(D) When there are exceptions of summary of data.

31. Explain the terms Doughnut and Exploded Doughnut' as types of

3
charts.

features
32. Explain Transparency and Control' and 'Accuracy and Speed' as
of Computerised Accounting System.
System. 4
33. (a) State any four advantages of Computerised Accounting
OR
features of
(b) Explain Password security' and Data audit' as security
4
Computerised Accounting System.

function. 6
34. Explain the two syntax forms of 'Lookup

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