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CBSE Class 12 Board Exam 2024 : Accountancy

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SET ~ 1 Series : WYXZ6 - Q.P. Code 67/6/1 Roll No. - - - Candidates must write the Q.P. Code on the title page of the answer-book. 39 - (I) 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 at the given place before attempting it. (V) 10.15 - 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 candidates will read the question paper only and will not write any answer on the answer-book during this period. ACCOUNTANCY 3 80 Time allowed : 3 hours 67/6/1 Maximum Marks : 80 #1# P.T.O. 34 - (i) (ii) (iii) (iv) I: II : 1 (v) 16 27 30 1 17 (vi) 20 31 32 - 3 21, 22 (vii) 33 - -I 4 23 (viii) 26 34 - -II 6 - (ix) 1. , , 5:3:2 , , 67/6/1 (A) 5:2:2:1 (B) 3:3:2:2 (C) 3:2:3:2 (D) 4:3:2:1 1 #2# General Instructions : Read the following instructions carefully and follow them : (i) This question paper contains 34 questions. All questions are compulsory. (ii) This question paper is divided into two parts (iii) Part A is compulsory for all candidates. (iv) Part B has two options. Candidates have to attempt only one of the given Part A and Part B. options. Option I : Analysis of Financial Statements Option II : Computerised Accounting (v) Questions number 1 to 16 (Part A) and Questions number 27 to 30 (Part B) are multiple choice questions. Each question carries 1 mark. (vi) Questions number 17 to 20 (Part A) and Questions number 31 and 32 (Part B) are short answer type questions. Each question carries 3 marks. (vii) Questions number 21, 22 (Part A) and Question number 33 (Part B) are Long answer type-I questions. Each question carries 4 marks. (viii) Questions number 23 to 26 (Part A) and Question number 34 (Part B) are Long answer type-II 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, B and C were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. D was admitted as a new partner for th share in the profits of the firm. D acquired his share entirely from A. The new profit sharing ratio between A, B, C and D will be : 67/6/1 (A) 5:2:2:1 (B) 3:3:2:2 (C) 3:2:3:2 (D) 4:3:2:1 #3# 1 P.T.O. 2. , - 2:2:1 12% , 2023 1 20,000 , 2024 31 __________ 1 (A) 6 (B) 6 (C) 5 (D) 5 3. (R) : (A) (A) : (R) : 1 4. (A) (A) (B) (A) (C) (A) (D) (A) (R) , (R) , (R), (A) (R), (A) (R) , (R) ( ) , 1 (A) (B) (C) (D) ( ) 1 67/6/1 (A) (B) (C) (D) #4# 2. 3. Ravi, Mohan and Vinod were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. The partnership deed provided that interest on 1st July, 2023, Mohan withdrew 20,000 every month for his personal use. For the year ended 31st charged for ___________ months. (A) 6 (B) 6 (C) 5 (D) 5 There are two statements Assertion (A) and Reason (R) : Assertion (A) : Partnership is the result of an agreement between two or more persons to do business and share its profits and losses. Reason (R) : Partnership agreement should always be in written form. Choose the correct alternative from the following : (A) (B) (C) (D) 4. (a) (b) 67/6/1 1 1 Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A). Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A). Assertion (A) is correct, but Reason (R) is incorrect. Assertion (A) is incorrect, but Reason (R) is correct. A portion of the uncalled capital reserved by a company to be called only in the event of winding up of the company, is called : (A) Subscribed but not fully paid up capital (B) Unissued capital (C) Reserve capital (D) Subscribed capital OR When applications for more shares of the number of shares offered to the known as : (A) Over subscription (B) (C) Subscription at premium (D) #5# 1 a company are received than public for subscription, it is 1 Full subscription Under subscription P.T.O. 5. ( ) , - 5:3:2 , 31 - 2024 60,000 1 2:2:1 , 2024 1 , () (A) () 30,000 18,000 12,000 - 60,000 (B) 24,000 24,000 12,000 - 60,000 (C) 6,000 6,000 (D) 6,000 6,000 ( ) - 3:1 8,00,000 50,000 60,000 10% _________ 67/6/1 (A) 80,000 (B) 10,000 (C) 84,000 (D) 74,000 #6# 1 5. (a) Manav, Mayank and Manish were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. On 31st March, 2024, their Balance Sheet showed a debit balance of 60,000 in the st Profit and Loss Account. They decided that from 1 April, 2024 they will share profits in the ratio of 2 : 2 : 1. The journal entry for writing off the debit balance of Profit and Loss Account on reconstitution of the firm will be : 1 Manav, Mayank and Manish JOURNAL Dr. Amount Cr. Amount Particulars () (A) () 30,000 18,000 12,000 To Profit and Loss A/c (B) 60,000 24,000 24,000 12,000 To Profit and Loss A/c 60,000 (C) 6,000 6,000 (D) 6,000 6,000 (b) 67/6/1 OR Murthy and Madhavan were partners in a firm sharing profits and losses in the ratio of 3 : 1. They admitted Shriniwas as a new partner in the firm. On admission of Shriniwas, there existed a balance of 8,00,000 in debtors account and a balance of 50,000 in provision for bad debts account. Debtors of 60,000 proved bad and hence were written off. It was decided to maintain a provision for bad debts at 10% of the debtors. The revaluation account will be debited by ________ on the reconstitution of the firm. (A) 80,000 (B) 10,000 (C) 84,000 (D) 74,000 #7# 1 P.T.O. 6. ( ) 10 600 3 2 1 ( ) (A) 1,200 (B) 1,200 (C) 3,000 (D) 3,000 100 20 100 100 (A) (C) 100 , 70 10,000 21,000 (B) (D) 7. ? 3,000 5,000 9,50,000 9% 10% 8. , 300 70 1 100 5% 1 (A) 10,000 (B) 9,500 (C) 9,050 (D) 8,636 ( ) 31 80,000 , 2024 12% 1 (A) (C) ( ) 9. , (A) (C) 67/6/1 (A) (B) (C) (D) 9,600 800 (B) (D) 4,800 1,600 ? - 4:3:2 21 : 11 5:3 (B) (D) #8# 3:2 1:1 1 - 5:3 1 6. (a) Manas Ltd. forfeited 600 shares of 10 each for the non-payment of first call of 2 per share. The final call of 3 per share was not 1 (A) (C) (b) 7. 8. Debited by 1,200 Debited by 3,000 (B) (D) Credited by 1,200 Credited by 3,000 OR Rajesh Ltd. forfeited 300 equity shares of 100 each, 70 called up for the non-payment of first call of 20 per share. Out of these shares, 100 shares were reissued @ 100 per share, 70 paid up. How much balance will remain in the share forfeiture account after reissue of 100 shares ? (A) 10,000 (B) 3,000 (C) 21,000 (D) 5,000 Shyamla Ltd. purchased machinery of 9,50,000 from Rohini Ltd. The payment was made by issue of 9% debentures of 100 each at a discount of 5% redeemable at a premium of 10% after four years. The number of debentures issued in favour of Rohini Ltd. will be : (A) 10,000 (B) 9,500 (C) 9,050 (D) 8,636 (a) Mohan, a partner, withdrew 80,000 from the business for his personal use during the year ended 31st March, 2024. Interest on drawings was to be charged @ 12% per annum. Interest on : (A) 9,600 (B) 4,800 (C) 800 (D) 1,600 1 1 1 OR (b) 9. 67/6/1 The fo capital : (A) Profit and Loss Account (B) (C) Interest on Capital Account (D) 1 Daman, Mohit and Paras were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. Daman retires. Mohit and Paras decided to share future profits and losses in the ratio of 5 : 3. The gaining ratio of Mohit and Paras will be : (A) 21 : 11 (B) 3:2 (C) 5:3 (D) 1:1 #9# 1 P.T.O. 10. 1 (A) , (i) (ii) , (iii) (B) , , (i) , (C) , (ii) (iii) , (ii) (i) , (iii) (D) (i) , , , , (ii) 11. - 3:2 1 , 2023 (iii) 10,00,000 15,00,000 31 , 2024 10% 1 (A) 2,50,000 (C) (B) 2,50,000 (D) 25,000 12. , 1 (A) (B) (C) (D) 13. 100 , 600 80 20 90 1 67/6/1 (A) 36,000 (B) 30,000 (C) 48,000 (D) 54,000 # 10 # 10. 11. In the event of dissolution of a partnership firm, the order of payment of losses including deficiencies of capital shall be : (A) (i) First out of profits, (ii) Next by the partners individually in their profit sharing ratio, (iii) Lastly, if necessary, out of capital of partners. (B) (i) First out of capital of partners, (ii) Next out of profits, (iii) Lastly, if necessary, by the partners individually in their profit sharing ratio. (C) (i) First by the partners individually in their profit sharing ratio, (ii) Next out of profits, (iii) Lastly, if necessary, out of capital of partners. (D) (i) First out of profits, (ii) Next out of capital of partners, (iii) Lastly, if necessary, by the partners individually in their profit sharing ratio. Ashok and Avinash were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 1st April, 2023, their capitals were 10,00,000 and 15,00,000 respectively. After the accounts for the year ending st 31 March, 2024 were prepared, it was discovered that interest on capital at the rate of 10% per annum, as provided for in the partnership deed, was not credited to the partne profit would have : 12. 13. 1 (A) Reduced by 2,50,000 (C) No change in the profits (B) Increased by (D) Reduced by 2,50,000 25,000 Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders are called : (A) Secured Debentures (B) Redeemable Debentures (C) Registered Debentures (D) Bearer Debentures 1 Java Ltd. forfeited 600 equity shares of 100 each 80 called up for the non-payment of first call of 20 per share. These shares were reissued at will be : 67/6/1 1 1 (A) 36,000 (B) 30,000 (C) 48,000 (D) 54,000 # 11 # P.T.O. 14. - 4:5 , 2024 1 , 31 2024 5,76,000 50,000 5,76,000 4,76,000 (A) (C) 15. ( ) 1 (B) (D) , 6,76,000 7,76,000 - 4:3:2 2,20,000 (A) (C) 4,00,000 2,20,000 4,00,000 (B) (D) ( ) 1,80,000 40,000 - 3:2 1,60,000 1 1,00,000 1,50,000 1 (A) (C) 16. 4,10,000 3,40,000 , (B) (D) 2:2:1 31 31 (A) 31 , 2024 , 2024 1 - 90,000 - - 6,00,000 90,000 (B) 7,50,000 2,50,000 90,000 90,000 (C) - 1,20,000 1,20,000 (D) - 1,20,000 1,20,000 67/6/1 # 12 # 14. Uma and Veena were partners in a firm sharing profits and losses in the ratio of 4 : 5. On 1st April, 2024 they decided to admit Usha as a new partner for th ssion it was decided that the goodwill of the firm will be valued equal to the st were 5,76,000. However, to arrive at this profit, both the opening stock and closing stock were overvalued by will be : (A) 5,76,000 (C) 4,76,000 15. (a) (b) March, 2024 50,000. The goodwill of the firm 1 (B) (D) 6,76,000 7,76,000 Sona, Mona and Raghav were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. Raghav retired. The balance in Ra on account of reserves and revaluation of assets and liabilities was 2,20,000. Sona and Mona agreed to pay him 4,00,000 in full m was : (A) 2,20,000 (B) 1,80,000 (C) 4,00,000 (D) 40,000 OR Giri and Shyam were partners in a firm sharing profits and losses 1 in the ratio of 3 : 2. Their capitals were 1,60,000 and 1,00,000 respectively. Hema was admitted for th share in the profits of the firm. Hema brought 1,50,000 as her capital. The goodwill of the 1 (A) (C) 16. 67/6/1 4,10,000 3,40,000 (B) (D) 7,50,000 2,50,000 Sharma, Verma and Khan were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. The firm closes its books on 31st March every year. On 31st profits of the firm till the date of his death was to be calculated on the basis of the profit of the previous year. During the year ended 31st March, 2024 the firm earned a profit of share in the profits of the firm till the date of his death will be : (A) 90,000 and Profit and Loss Suspense Account will be credited by 90,000. (B) Profit and Loss Suspense Account will be debited by 90,000 and 90,000. (C) 1,20,000 and Profit and Loss Suspense Account will be credited by 1,20,000. (D) Profit and Loss Suspense Account will be debited by 1,20,000 and 1,20,000. # 13 # 1 P.T.O. 17. , 2023 1 , 2023 1 2,00,000 60,000 , 2024 31 15,00,000 12,00,000 3:2 1,00,000 10% 50,000 18% - 72,000 48,000 3 18. ( ) , - 5:3:8 5,00,000 - 31 8,00,000 31 , , 2024 ( ) 7:3 9,00,000 8% , 2024 - 7,00,000 31 , 2024 9% 3 - 3 19. ( ) 7,00,000 50,00,000 40,00,000 100 9% 25% 3 ( ) 3 (i) (ii) 67/6/1 100 5 100 9,000, 9% 5% 5,000, 11% 5 5% # 14 # 10% 10% 17. 18. On 1st April, 2023, Jain and Gupta started a partnership firm with fixed capitals of 15,00,000 and 12,00,000 respectively. They decided to share profits and losses in the ratio of 3 : 2. On 1st July, 2023, Jain withdrew 1,00,000 from this capital and Gupta introduced further capital of 2,00,000. Partnership deed provided for interest on capital @ 10% p.a. During the year Jain withdrew 50,000 and Gupta withdrew 60,000 for their personal use. Interest on drawings was to be charged @ 18% p.a. After preparing Profit and Loss Appropriation Account for the year ended 31st March, 2024, 72,000 and 48,000 were credited respectively to the current accounts of Jain and Gupta as their share of divisible profit. Prepare Current Accounts of Jain and Gupta. (a) (b) 19. (a) (b) 67/6/1 3 Aman, Raj and Suresh were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 8. Suresh was guaranteed a minimum profit of 5,00,000 per year. Any deficiency on this account was to be borne by Aman and Raj equally. The net profit of the firm for the year ended 31st March, 2024 was 8,00,000. Prepare Profit and Loss Appropriation Account of Aman, Raj and Suresh for the year ended 31st March, 2024. 3 OR Jay and Vijay were partners in a firm sharing profits and losses in the ratio of 7 : 3. Their respective fixed capitals were 9,00,000 and 7,00,000. The partnership deed provided for interest on capital @ 8% per annum. After preparing the accounts for the year ended 31st March, 2024, it was discovered that interest on capital was allowed @ 9% per annum. Showing your workings clearly, pass the necessary journal entry to rectify the error. 3 Sandhya Ltd. took over the assets of 50,00,000 and liabilities of 7,00,000 of Guman Ltd. for purchase consideration of 40,00,000. The payment of purchase consideration was made by issue of 9% debentures of 100 each at a premium of 25% to Guman Ltd. Pass necessary journal entries for the above transactions in the books of Sandhya Ltd. OR Pass necessary journal entries in the books of RR Ltd. for issue of debentures in the following cases : (i) Issued 9,000, 9% debentures of 100 each at a discount of 10%, redeemable at a premium of 5% after 5 years. (ii) Issued 5,000, 11% debentures of 100 each at a premium of 10%, redeemable at a premium of 5% after 5 years. # 15 # 3 3 P.T.O. 20. 8,00,000, 12,00,000 10% 7,00,000 2,00,000 9,00,000 15,00,000 3 21. 10 , , 6,000 2 2 2 3 4 22. , 5 : 3 : 2 31 1 3,00,000 - , 2024 60,000 (i) (ii) 10% 1,20,000 (iii) 31 23. , 2024 ( ) 4,50,000 4 75 75,000 25 40 1,25,000 25,000 1,500 , , , 2,000 6 67/6/1 # 16 # 20. 21. 22. Jeevan and Kavi were partners in a firm with capitals of 12,00,000 and 15,00,000 respectively. Annual salary of the partners was 2,00,000 each. The market rate of interest was 10%. During the previous three years the profits were 8,00,000, 9,00,000 and 7,00,000. The goodwill of the firm is to be valued at 2 years super profits. Calculate the goodwill of the firm. JK Ltd. forfeited 6,000 equity shares of 10 each issued at a premium of 2 per share for the non-payment of first call of 2 per share. The second and final call of 2 per share had not yet been made. The forfeited shares were reissued at a discount of 3 per share fully paid up. Pass necessary journal entries for the above transactions in the books of 4 Chandni, Bhanu and Garima were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. The firm closes its books on 31st March every year. On 1st October, 2024, Chandni died. On that date her capital account showed a credit balance of 3,00,000. On the date of Cha death, the firm had a general reserve of 60,000. The partnership deed provided that on the death of a partner, her representatives will be entitled to the following : (i) Balance in the capital account and interest on the same @ 10% p.a. (ii) Her share in the goodwill of the firm. The goodwill of the firm on 1,20,000. (iii) Her share in the profits of the firm to be calculated on the basis of 31st March, 2024 was 4,50,000. 23. 3 (a) 4 DDG Ltd. invited applications for issuing 75,000 equity shares of 75 each at a premium of 25 per share. The amount was payable as follows : On Application and Allotment 40 per share On First and Final Call Balance (including premium) Applications for 1,25,000 shares were received. Applications for 25,000 shares were rejected and the application money was refunded. Shares were allotted to the remaining applicants on pro-rata basis. Excess money received with applications was adjusted towards sums due on first and final call. Govind, to whom 1,500 shares were allotted, failed to pay the first and final call. Namita who had applied for 2,000 shares also failed to pay the first and final call. Shares of both Govind and Namita were forfeited. Pass the necessary journal entries for the above transactions in the books of DDG Ltd. 6 OR 67/6/1 # 17 # P.T.O. ( ) 80 80,000 30 1,40,000 20,000 , 1,200 2,400 , 24. ( ) - , 6 - 2:2:1 31 31 , 2024 , 2024 , () () 90,000 65,000 10,000 1,50,000 90,000 3,00,000 5,000 3,60,000 2,50,000 2,40,000 4,50,000 1,00,000 7,00,000 11,00,000 67/6/1 85,000 # 18 # - 1,00,000 11,00,000 (b) Karan Ltd. invited applications for issuing 80,000 equity shares of 80 each at par. The amount was payable as follows : On Application and Allotment On First and Final Call 30 per share Balance Applications for 1,40,000 shares were received. Applications for 20,000 shares were rejected and the money was refunded. Shares were allotted on pro-rata basis to the remaining applicants. Excess money received with applications was adjusted towards sums due on first and final call. Ravi, who had applied for 1,200 shares, paid his entire share money along with his application. Chaman, to whom 2,400 shares were allotted, failed to pay the first and final Pass necessary journal entries for the above transactions in the -in-in6 24. (a) Ratan, Singh and Sharma were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance Sheet on 31st March, 2024 was as follows : Balance Sheet of Ratan, Singh and Sharma as at 31st March, 2024 Amount ( ) Liabilities Assets Creditors 90,000 Bank 65,000 Outstanding Wages 10,000 Stock 1,50,000 General Reserve Capitals : 3,00,000 Debtors 90,000 Less : Provision for Doubtful Debts 5,000 85,000 Ratan 3,60,000 Plant and Machinery 2,50,000 Singh 2,40,000 Land and Building 4,50,000 Sharma 1,00,000 7,00,000 Profit and Loss A/c 1,00,000 11,00,000 67/6/1 Amount ( ) # 19 # 11,00,000 P.T.O. 1 , 2024 (i) 2,00,000 (ii) 49,500 5% (iii) 60,000 (iv) 6 ( ) 3:2 - , 2024 31 31 , 2024 () () 2,00,000 50,000 2,00,000 4,00,000 3,00,000 7,00,000 7,000 1,93,000 2,50,000 3,50,000 57,000 9,00,000 67/6/1 # 20 # 9,00,000 st On 1 April, 2024 Sharma retired from the firm on the following terms : (i) Plant and Machinery is revalued at 2,00,000. (ii) Land and Building was to be appreciated by 49,500 and provision for bad debts will be maintained at 5% of the debtors. (iii) 60,000 through the capital accounts of remaining partners. (iv) Sharma was paid in cash brought by Ratan and Singh in such a way so as to make their capitals proportionate to their new profit sharing ratio. 6 OR (b) Mita and Vihaan were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2024 their Balance Sheet was as follows : Balance Sheet of Mita and Vihaan as at 31st March, 2024 Liabilities Amount ( ) Sundry Creditors 2,00,000 Cash Capitals : Mita 4,00,000 Vihaan 3,00,000 Assets 50,000 Sundry Debtors 2,00,000 Less : Provision for doubtful debts 7,000 1,93,000 Stock 2, 50,000 7,00,000 Plant and Machinery Patents 9,00,000 67/6/1 Amount ( ) # 21 # 3,50,000 57,000 9,00,000 P.T.O. (i) 3,00,000 4,12,500 (ii) 5% (iii) 2,00,000, 4,00,000 1,20,000 (iv) 30,000 6 25. 7:3 31 - , 2024 (i) 2,00,000 40%, 1,00,000 10% (ii) 2,10,000 (iii) 5,00,000 (iv) 3,50,000 (v) 1,00,000 (vi) 5,40,000 25,000 8,000 6 67/6/1 # 22 # On the above date, Zen was admitted as a new partner for th share in the profits on the following terms : (i) Zen will bring 3,00,000 as his capital and his share of the firm was valued at 4,12,500. (ii) The provision for bad debts will be maintained at 5% of the debtors. (iii) Stock will be valued at 2,00,000, plant and machinery at 4,00,000 and patents at 1,20,000. (iv) There was a bill of 30,000 for goods purchased which was omitted from the books. Pass necessary journal entries for the above transactions in the 6 25. Lalit and Madan were partners in a firm sharing profits and losses in the ratio of 7 : 3. On 31st March, 2024 their firm was dissolved. After transferring sundry assets (other than cash) and third party liabilities to Realisation Account, the following transactions took place : (i) The firm had stock of by a creditor of 2,00,000. 40% of this stock was taken over 1,00,000 in full settlement of his claim. The remaining stock was sold at a loss of 10%. (ii) The remaining creditors were paid 2,10,000. (iii) Plant and Machinery of 5,00,000 were accepted by Mrs. Madan against the settlement of her loan of 5,40,000. (iv) Debtors of 3,50,000 were sold to a debt collection agency who charged a commission of 25,000. (v) Investments of 1,00,000 were taken over by the partners in their profit sharing ratio. (vi) Expenses of dissolution were 8,000. Pass necessary journal entries for the above transactions in the books of the firm. 67/6/1 6 # 23 # P.T.O. 26. 31 , 2024 31 , 2024 I : 1 1 71,80,000 1 100 1,00,000 100 75,000 75,00,000 100 71,000 71,00,000 100 1,000 1,00,00,000 1,00,000 (20,000) 80,000 71,80,000 (i) 67/6/1 1 (A) 71,000 (B) 70,400 (C) 70,000 (D) 75,000 # 24 # 26. The following information has been obtained from the Balance Sheet of Jay Ltd. as at 31st March, 2024 : Balance Sheet of Jay Ltd. as at 31st March, 2024 Note Amount Particulars No. ( ) I Equity and Liabilities : 1 (a) 1 Share Capital 71,80,000 Notes to Accounts : Amount ( ) Note Particulars No. 1 Amount ( ) Authorised capital 1,00,000 Equity Shares of 100 each 1,00,00,000 Issued capital 75,000 Equity Shares of 100 each 75,00,000 Subscribed capital Subscribed and fully paid up 71,000 Equity Shares of 100 each 71,00,000 Subscribed but not fully paid up 1,000 Equity Shares of 100 each 1,00,000 Less : Calls in Arrears (20,000) 80,000 71,80,000 Answer the following questions : (i) The total number of shares offered to the public for subscription are : 67/6/1 1 (A) 71,000 (B) 70,400 (C) 70,000 (D) 75,000 # 25 # P.T.O. (ii) 1 (A) 25,00,000 (B) 29,00,000 (C) 29,60,000 (D) 20,32,000 (iii) 1 (A) 71,80,000 (B) 71,00,000 (C) 80,00,000 (D) 1,00,00,000 (iv) 1 (A) 71,80,000 (B) 80,00,000 (C) 1,00,00,000 (D) 71,00,000 (v) : 1 (A) 100 (B) 20 (C) 1,000 (D) 80,000 (vi) : 67/6/1 (A) 20,000 (B) 80,000 (C) 1,00,000 (D) 71,00,000 # 26 # 1 (ii) (iii) (iv) (v) The amount of unissued share capital of the company is : (A) 25,00,000 (B) 29,00,000 (C) 29,60,000 (D) 20,32,000 1 The subscribed capital of the company is : (A) 71,80,000 (B) 71,00,000 (C) 80,00,000 (D) 1,00,00,000 1 The registered capital of the company is : (A) 71,80,000 (B) 80,00,000 (C) 1,00,00,000 (D) 71,00,000 1 The amount per share not received on the shares shown under 1 (A) 100 (B) 20 (C) 1,000 (D) 80,000 (vi) 1 67/6/1 (A) 20,000 (B) 80,000 (C) 1,00,000 (D) 71,00,000 # 27 # P.T.O. I 27. ( ) , ____________ 1 (A) (B) (C) (D) ( ) ________ 1 (A) (B) (C) (D) 28. 25:1 ? (A) 1 73,000 (B) 41,000 (C) 62,000 (D) 29. 8,00,000 ( ) - ? (A) (B) (C) (D) 67/6/1 # 28 # 1 PART B OPTION I (Analysis of Financial Statements) 27. (a) The statement that shows changes in all items of financial statements in absolute and percentage terms over a period of time, for a firm, or between two firms is called _________. (A) Common Size Statement (B) Comparative Statement (C) Cash Flow Statement (D) Financial Statement 1 OR (b) _______ ratios indicate the speed at which activities of the business are being performed. 1 (A) Liquidity (B) Solvency (C) Profitability (D) Activity 28. transactions will result in decrease in this ratio ? 29. (A) Purchased goods for cash 73,000 (B) Cash collected from debtors 41,000 (C) Outstanding salaries paid 62,000 (D) Repayment of long term loan 8,00,000 (a) Which of the following transactions will result in outflow of cash ? (A) Cash payments to and on behalf of the employees (B) Cash receipts from royalties (C) Issue of shares (D) Dividend received from investments in other enterprises 1 1 OR 67/6/1 # 29 # P.T.O. ( ) - , 1 (A) (B) (C) (D) 30. I: - 31.03.2023 2,00,000 31.03.2024 3,00,000 5,00,000 II : 31.03.2023 4,00,000 31.03.2024 5,00,000 1,00,000 1 (A) (B) (C) I II (D) II I 31. 2013 III, I - 3 ( ) ( ) ( ) 67/6/1 # 30 # (b) In case of a non-financial enterprise, payment of dividend is considered as a/an : 30. 1 (A) Operating Activity (B) Investing Activity (C) Financing Activity (D) Both Investing and Financing Activity There are two statements : Statement I : The balance in the Statement of Profit and Loss in the Balance Sheet of Samta Ltd. showed a deficit of 2,00,000 on 31.03.2023 and a surplus of 3,00,000 on 31.3.2024. 5,00,000 will be considered as profit earned during the year for preparing Cash Flow Statement. Statement II : On 31.03.2023 the goodwill account of Zeeta Ltd. showed a balance of 4,00,000 and on 31.03.2024 it showed a balance of 5,00,000. 1,00,000 will be considered as goodwill acquired during the year for the preparation of Cash Flow Statement. Choose the correct option from the following : 31. (A) Both the Statements are true. (B) Both the Statements are false. (C) Statement I is true, Statement II is false. (D) Statement II is true, Statement I is false. 1 Show 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 : 67/6/1 (a) Stock-in-trade (b) Motor Vehicles (c) Provision for tax 3 # 31 # P.T.O. 32. 31 , 2023 , 31 2024 : 2022 23 3 2023 24 40,00,000 50,00,000 20,00,000 25,00,000 4,00,000 5,00,000 50% 33. ( ) 4 10% 15,00,000 2,00,000 25,00,000 7,00,000 31 , 2024 4,10,000 40,000 ( ) : 5,00,000 20,00,000 2,00,000 10,00,000 20,000 1,45,000 50,000 85,000 67/6/1 # 32 # 4 32. From the following information, prepare a Common Size Statement of Profit and Loss of QLM Ltd. for the year ended 31st March, 2023 and 31st March, 2024. 3 Particulars 2022 23 ( ) Revenue from operations 40,00,000 50,00,000 Cost of revenue from operations 20,00,000 25,00,000 4,00,000 5,00,000 Other expenses 2023 24 ( ) Tax Rate 50% 33. (a) The following information has been obtained from the books of Vivek Ltd. : 4 15,00,000 2,00,000 25,00,000 10% Debentures Current Liabilities Non-Current Assets 7,00,000 Current Assets During the year ended 31st March, 2024, net profit after interest and tax amounted to 4,10,000. Tax paid was 40,000. Calculate Return on Investment. OR (b) 67/6/1 : Revenue from operations Cash Credit 5,00,000 20,00,000 Purchases Cash Credit Carriage Inward Salaries Increase in inventory Wages 2,00,000 10,00,000 20,000 1,45,000 50,000 85,000 # 33 # 4 P.T.O. 34. 31 , 2024 6 31 , 2024 I 31.03.2024 ( ) 31.03.2023 ( ) 37,00,000 25,00,000 1 5,00,000 12,00,000 2 20,00,000 18,00,000 6,00,000 5,50,000 5,00,000 3,50,000 73,00,000 64,00,000 3 45,00,000 41,00,000 4 3,00,000 5,00,000 5,00,000 2,00,000 8,00,000 10,00,000 10,00,000 2,00,000 2,00,000 4,00,000 73,00,000 64,00,000 : 1. 2 3. II : 1. , (i) , (ii) 2. 67/6/1 # 34 # 34. From the following Balance Sheet of Bose Ltd. as at 31st March, 2024, . 6 Balance Sheet of Bose Ltd. as at 31st March, 2024 Note 31.03.2024 31.03.2023 No. ( ) ( ) Particulars I Equity and Liabilities : 1. 2 (a) Share Capital (b) Reserves and Surplus 25,00,000 1 5,00,000 12,00,000 2 20,00,000 18,00,000 Non-Current Liabilities Long term borrowings 3. 37,00,000 Current Liabilities (a) Short term borrowings 6,00,000 5,50,000 (b) Trade Payables 5,00,000 3,50,000 73,00,000 64,00,000 45,00,000 3,00,000 41,00,000 5,00,000 Total II Assets : 1. Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (ii) Intangible Assets 2. Current Assets (a) Current Investments 5,00,000 2,00,000 (b) Inventories 8,00,000 10,00,000 (c) Trade Receivables 10,00,000 2,00,000 (d) Cash and Cash equivalents 2,00,000 4,00,000 73,00,000 64,00,000 Total 67/6/1 3 4 # 35 # P.T.O. : 31.3.2024 31.3.2023 ( ) ( ) 1 - 5,00,000 12,00,000 2 10% 20,00,000 18,00,000 , 3 50,00,000 44,00,000 5,00,000 3,00,000 45,00,000 41,00,000 4 3,00,000 (i) 4,00,000 3,00,000 5,00,000 , 70,000 (ii) 2,00,000 10% 31.3.2024 II 27. ( ) ? - 1 (A) (B) (C) (D) ( ) 67/6/1 (A) ? (B) (C) (D) # 36 # - 1 Notes to Accounts : 31.3.2024 31.3.2023 ( ) ( ) Note Particulars No. 1 Reserves and Surplus (i.e. Balance in the Statement of Profit and Loss) 2 Long Term Borrowings 20,00,000 18,00,000 10% Debentures 3 5,00,000 12,00,000 Property, Plant and Equipment 50,00,000 44,00,000 Plant and Machinery Less : Accumulated Depreciation 5,00,000 3,00,000 45,00,000 41,00,000 4 Intangible Assets Goodwill 3,00,000 5,00,000 Additional Information : (i) A piece of machinery costing 4,00,000 on which accumulated depreciation was 3,00,000 was sold at a loss of 70,000. (ii) 10% Debentures of 2,00,000 were issued on 31.3.2024. PART B OPTION II (Computerised Accounting) 27. (a) (b) 67/6/1 Which of the following voucher records outflow of money from the business ? (A) Journal Voucher (B) Receipt Voucher (C) Contra Voucher (D) Payment Voucher OR The raw facts for any business application is known as which of the following components of Computerised Accounting System ? (A) Data (B) Hardware (C) Software (D) Procedure # 37 # 1 1 P.T.O. 28. 29. 1 (A) (B) (C) (D) ( ) ? (A) (B) (C) (D) 1 ( ) 1 (A) (B) (C) (D) 30. - ? (A) 1 (B) (C) (D) 31. 3 32. - ? 33. ( ) 3 10 XI 2024 23 1 4 ( ) 4 34. (i) 67/6/1 , (ii) # 38 # ? 1+2 +2 =6 28. 29. The outcome of an arithmetic expression or function is called : (A) Horizontal value (B) Derived value (C) Basic value (D) Vertical value (a) How are ranges identified within Excel ? (A) Using Hashtag (B) Using Vector (C) Using Colour (D) Using Comma 1 1 OR (b) 30. Two important requirements of an accounting report are : (A) Language processing and utility (B) Storage and presentation (C) System analysis and operations (D) Timelines and relevance 1 Which chart element provides additional information about a data marker to identify the details of data in data series ? (A) Data label (B) Data table (C) Data point (D) Data marks 31. 32. 33. 3 Which built-in function can be used to compute monthly instalments of repayment of loan ? State its parameters also. (a) (b) 34. 67/6/1 1 Develop a code for Nisha, Roll No. 23 who took admission in Section A, Class XI in the year 2024 in School No. 10 run by the For A its code is 1. OR Explain number formatting. Name the error which occurs when the column is not wide enough or a negative date or time is used. How can it be corrected if (i) Error is due to the width of column, and (ii) Date or time is negative ? 1+2 +2 # 39 # 3 4 4 =6 P.T.O.

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