Practical Examination

ACCOUNTANCY (055)
Time: 1 Hr
STD:XII Com

M.Marks:12

1. Compute the following:

(a) The second Quarter Report of a company gives following information
about segment performance.
Segment
A
B
C

Sales (Rs.)
10,00,000
30,00,000
20,00,000

Net Profit (Rs.)

1,00,000
4,15,000
1,00,000

Using Ratio Analysis, comment on the following:

(i) Which is the best Segment?
(ii) Which Segment should be discarded?
(b) The Current Assets and Current Liabilities of a firm for two years were:
Particulars
Current Assets
Current Liabilities

Amount (Rs.)
31-3-2014
10,00,000
5,00,000

Amount (Rs.)
31-3-2015
10,00,000
8,00,000

Use Ratio Analysis and compare the firms performance and Justify.
23. Prepare a Cash flow statement from the following Balance sheet of A Ltd.
Balance sheet of A Ltd.
As at 31st March 2015 and 31st March 2014
Particulars

Note
no.

31/3/15

31/3/14

I. EQUITY AND LIABILITIES

1. Shareholders Funds
a) Share Capital
20,00,000
16,00,000
b) Reserves and surplus
1
9,00,000
8,00,000
2. Non Current Liabilities
Long term borrowings
5,00,000
1,40,000
3. Current Liabilities
a) Short Term Borrowings (Bank Overdraft)
50,000
40,000
b) Trade Payables
1,00,000
60,000
c) Short-term Provisions (Provision for Tax)
80,000
60,000
TOTAL

36,30,000

27,00,000

II.ASSETS
1. Non-current assets
a) Fixed assets
1. Tangible assets
2. Intangible assets

2
3

2. Current assets
a) Inventories
b) Trade receivables
c) Cash and cash equivalents
TOTAL
Notes to accounts:
Particulars
1. Reserves and Surplus
Surplus, i.e. Balance in Statement of
Profit and Loss
2. Tangible Assets
Machinery
Less: Accumulated Depreciation
3. Intangible Assets
Goodwill

16,00,000
6,40,000

9,00,000
7,00,000

3,00,000
5,00,000
5,90,000

2,40,000
3,00,000
5,60,000

36,30,000

27,00,000

31/3/15

31/3/14

9,00,000

8,00,000

17,60,000
(1,60,000)

10,00,000
(1,00,000)

6,40,000

7,00,000

Additional Adjustment:
Tax paid during the year amounted to Rs.1,40,000