2)

TELECO thee
during
s5*aid tor stationery 30,400
o06107
O d A v y U 2 0 6 - 2 0 0 7

on 3'AMarch, 2007 I,900

stationery

od Av or
20,000
chases

R
Payments
The lolowing is ne ecepis and
31st Marc
Lumsden club for ne year ended
Recelpts AmountPayments Amount
(HS.)
To Balanco b/d oTBy Salaries (Rs.)
4,400
To Subscriptions 22,000 LL By Postage
To interest on
E By Telephone 200
investments 200
charges 400
To Entrance tees
Revenue
By Investments 18,000
1,000 C)By Rent C
To Endowment ,200
fund receipts By Furmitu 4,000
10,000 VlBy Printing and
Stationeryy 600 M
By Balance c/d
400
Additional Information 36,200F 36,200
P
Salaries outstanding Rs. 400 at the end of
()Rent due Rs. 200. R
the year. A
Subscription to be receivg) Rs. 800. R
Prepare an Income and
club for the
year ended Expenditure account of Lumsden R
31stAjarch, 2007.
A
HSEIIKROXII-45024-A Y

P
P
O O
R R
A
AR

ELECOM
T

9797735558 * 3)
197006

dOd AVJ ald

wil is
afe
partners shaing profits in the ralio ot
appeaning Ae books at Rs. 5:3:2.
tted to the 80,000. D is A
between A. B. C
patners The new profit sharing ratio
and D
D1ng 3: 3 2 2. Give the joumal
entries for Goodwill if the new
for capital and cash for his
partner D brings Rs. 1,80,000
share of Goodwill. The
goodwill of
the firm is valued at
the booKS alter D's Rs.1.20.000
and it is not to
appear in T
A
admisSion. R
Lor E
A, B, C and D are in
in tha ratio
partnership sharing profits and losses
of 9:6:55 respectively. E joins the irm vor
1/5 Snare. A, B, and wOuld share iuture
profis in among E
themselves as 10 T0 Calculate 1the new profit sharing
ratio after Es
admission O
3. Hemant Textiles Ltd. havk a nominal capital ol Rs. 1,00,000
in shares of As. 100 each invited applications for 5.000
shrres payable as lolows

Rs. 20
On application P P
On allotment Rs. 25
A Rs. 25
On first call
On second and final cal Rs. 30 R
and allotment made. All the R
All the shares were subkibed
final call on 100 shares. Expenses
money was received excent A
in the
of issue came to As. 0000. Pass journal entries
books ot company Y
Turn Over
HSEIIKROxII-45024-A

P P
O
 4
TELECO
Or
r o 0 6 1 9 7 0 0

Foo6 company 1oreted equity stares of the ELECO

10
ach, s. called up, face
Rs. er share for
of first cal
Hs. e or 7008197
share. The
forfeited sha
subsequently re-issued asuu palo @ Hs. 7
each.
necessary entiesn company's journal. Give
4 Joumalise
e OOWg
ransactions
A debenture issUea at Rs. 1,000 repayable at Rs.
(A debenture issued at
E 950 repayable 1,000
at Rs
s.
debenture issued at
Hs. 9
repayable at
1,000
Rs. 1,050
v)A debenture issued at
Hs. 1,000 repayable at Rs.
shenture issued at RE 1,050
Note repayable at Rs.
The Face vaue of
efeh debenture is 1000 1,000

follows8%pbbentures
A company issued 4,000, C
of Rs. 100
Rs. 105 payable as
M each at
Rs. 25 on application

Rs on aliotment (including M
s. 50 on first and premium of Rs.
5)
All the Ral call.
debentures were
due was received
except findi tall appg or and
allotted. All P
on 120
debent
debentures money
(Short Answer pe
5.
Explain the leatures oi Questions) 5
6. Why revaluation account Hecepis and
Payment Account. R
7. How super is prepared ? 3
profit is calculatedP 3 R
Y A
HSEIIKROXII-45024-A
P
P
R
R
A A
 TELECO
9797735
700619
vuod Avd at
e
do you
mean
Sacrificing Ratio '?
the by
diference befween
.IsCuss shares and
briefly various deventures.
pes of
(Very Short Answer capitals.
11.
R
What is Type
Legacy ? Questions)
12. What do you
mean by
13. Give the Fluctuating capital account ?
14. What
meaning of gendwil.
is
15.
a
Realisation Account ?
What do you mean by
16. What is right issue ?
aver-subscription ?

17. What do you mean

by ofeiture of shares ? C
18. () Capital
(Multiplechoice Questions) O
account in
(i)
alays fixed.
(True/False) M
Gaining Ratio =
New Ratio - Old Ratio. (True/False)
(ii) Partners are Collectively called.********
(iv) Total profit is
alwaysqual to.
(v) In
* * * * * * **
*** ****

P
Dissolution, which,account is prepared ?
(a) Realisation (b) Revaluation
A
(c) Profit and loss RR (d) None of the above
(Vi) A public company carnot issue.. shares. R
(vii) A company is called an artificial person. (True/False)
(vi) Discount on issue
A
to'shares is snown on .. SIde
of Balance sheet. Y

HSEIIKROXII-45024-A Turn Over

P
O

A A
 TELECO
6) LECC

7 8

7o00197006

Part B
oB197

Od AV (Long
...2following
Answer Ty#e Questions)
informa, Caicuiate the cash from
A Od
operatin9 activities

Particulars 31.12.06 31.12.07 R

TRs. Rs.
Goodwill so.000 40,000
T
Fixed Assels (Net) ,000 35,000
Debtors ro,000 85,000
Bils Receivable . o00
,000
14,500 L
Prepaid expenses 500
Stock .500 54,500 E
Cash and Bank 9,000
Preliminary Expenses 7.500 000
General Reserve RA000 25,0
Profit and loss Alc ,000 24,000 M
Proposed Dividend 21,000 000
Trade Creditors R,500 23,500
Bills payables A0.000 8,000 P
Outstanding Expenses ,000 18,000 A
Provision for taxation ,000 25,000
Accured income ,000
R
3,500
Income received in
Advance3,000 3,500 R
Note There was no sale
ptrchase of fixed assets during A
2007.

HSEIIKROXII-45024-A
P P

R R
A A
 LECOM
/97735558
po619006

(7)
Od AY Or
the
following iniohhation,
pating activities calculate cash flow trom

Cash sales
R iow A
R R
Rs.
Cash received ,00,000
from debtèrs
Commission received E 30,000
Cash purchases 10,000

Casn paid to L 25,00

supplier
Office expenses pad oigous 1,000
E
7,000
Selling and Distribution
penses 3,000 C
Salaries to Staff
O 12,000 O M
Insurance premium paie 2,000
Income tax paid 2 ,000 M
P
(Short Answer Type Questions)
20. Give the performa of ompany's Balance Sheet as per A
Schedule-vi. 3
A R
21. Discuss three limitations Financial Analysis. 3 R
of Cash Flow aR
22. Explain any three objectives statement A
(Very Short Answer Type Questions) R
23. Why Operating Ratio is Aculated ?
24. What do you mean by eticiency Ratio?

HSEIIKROXII -45024-A Turn Over

P
O

A A
 8)
1EO

(Multiple Choice Questions)

PoTOO6 king capila s aiso n o w n as

K ating Capital (D)

Rotating Capital
of the above (d) None of
quity
oth
Ratio 1s
calculated to know
the above A
R
***

solvency
Part C 1

(Long Answer pype Questions)

19. Explain tha concept ol Compute Accounting system.

Describe various lealures ocomputerise Accounting

L
(Short Answer ype Questions) System.
E
20. Ditferentiate
berween
database and File
of
C
21. Explain the role
DBMS.
22. Give various features o t r o n i c spread sheet.

(Very Short Answer Type Questions) M

23. Write two ways o savinga File in Excel
24. Write wo advanlages of EMS.

(Objective TyRe Questions) 2P

25. () Each cell in the worksheet has a *************** a d d r e s s . A
R
(Fill in Blanks) R
) By Delault, Excel eit g n s data in cells.

A (True/False)
A
Y
HSEIKROXII-45024-A
Y

P P

R R
A A
 {ELECOM 39
* 777 Roll No *****

of Ouestions (1-18)+(19+25)+{(19+25)!
Od Av
Ayd A [Total No. of Prined Pages A
R HSEIIKROXIR
T
45024-A
E ACCOUNTANCY
Time: 3 Hours 1 5 Minutes xtra te read the question paper
Maximum Marks: 80
L
Note: Part 'A' is compuisorHor all students, in addition, student
should opt for either(Part "B or Part
"C and mark the C
selected part on the answer-sheet.
O
(Long Answeviype Questions) M
1. Calculate the amount to be posted in income and expenditure
on 31-3200/
account lor the year endec
P Rs. P
Stock of stationery on 1A2006 8,000 A
3,000
Creditors for stalionery on1-4-2006 R
carried
Advance paid for stationey
900 R
forward from last yedr
A March, 2007
37s 800
Stock of slationery on

on 31 March, 2007 1,200

Advance paid for statione
Turn Over
HSEIIKROXII-45024-A

P P
O

A A