KENDRI

YAVI
DYALAYASANGATHAN

PRE-
BOARDPAPER

CLASS–XI
I

ACCOUNTANCY

MARKI
NGSCHEME

TI
MEALLOWED:3HOURS MAXI
MUM MARKS:80

PART-
A

A.
1. b.Rentpai
dtopar
tner 1

A.
2 b.48,
000 1

A.
3 c.Nomi
nal
A/C 1

A.
4 a.Cr
.toReal
i
zat
ionAccount 1

A.
5 c.Li
abi
l
ity 1

A.
6 A’
sshar
e=3/
6

B’
sshar
e=2/
6–1/16=26/
96 1

C’
sshar
e=1/
6–1/
16=10/
96

D’
sshar
e=1/
8

Thus,
theNewPr
ofi
tshar
ingr
ati
ofor

A,
B,CandDwi
l
lbe=3/
6:26/
96:
10/
96:
1/8=24:
13:
5:6

A.
7 a.6000

A.
8 b.Goodwi
l
l=SuperPr
ofi
tsxNo.ofy
ear
s’ofpur
chase

SuperPr
ofi
ts=Av
eragePr
ofi
ts–Nor
mal
Prof
it
s

Nor
mal
Prof
it
s=Capi
tal
empl
oyedxNor
mal
rat
eofr
etur
n/100

1
 Nor
mal
Prof
it
s=1,
00,
000x15/
100=15,
000

Av
eragePr
ofi
ts=(
30,
000+36,
000+42,
000)
/3=36,
000

Super
Prof
it
s=36,
000‐
15,
000=21,
000 1

Goodwi
l
l=21,
000x2=42,
000

9 Par
tner
shi
p. 1

10 d.2,
000 1

A.
11 b.Addi
ti
onal
capi
tal
int
roducedbypar
tner 1

12 C.anagentandowner
. 1

A.
13 a.P/
LSuspenseA/
C 1

A.
14 Cr
edi
tpur
chaseofspor
tsmat
eri
al2,
80,
000 1mar
k 3

Spor
tsmat
eri
alconsumed 4,
35,
000 2mar
ks

OR

Amountcr
edi
tedt
oIncomeandExpendi
tur
eAccount 7,
85,
000

15

Dat Par
ti
cul
ar L.
F. Dr
.(
Rs,
) Cr
.(Rs.
)
e
Sundr
yasset
sA/
c Dr
. 10,
00,
00
…Goodwi
l
l…………. Dr
.. 0 1

Tosundr
yli
abi
l
iti
esA/
c …30,
000 1,
90,
000
ToRam Lt
d. 8,
40,
000
(
……businesspur
chased
worthRs810000i npurchase
considerat
ionof
840000…………………………………. )
Ram Lt
d…….
. Dr
.
840000 …80000
To8%pr
efer
enceshar
esCapi
tal ………… 040000
A/
c ………

2
 ToSecur
it
iesPr
emi
um Reser
ve .
.……….
A/
C…………

Issueof8000……shar
esofRs.100
eachat5%pr emi
um)

1mk
for
no.
of
shar
es

16 a)BankA/
c..
..
..
..
..
..
..
.Dr 40,
000

ToReal
i
zat
ionA/
c 40,
000 (
1mar
k)

b) -
--
--
-NoEnt
ry-
--
--
-(1mar
k)

c)Real
i
zat
ionA/
c..
..
..
..
..
..
..
..
Dr30,
000

ToBankA/
c 30,
000 (
1mar
k)

d)L’
scapi
tal
A/c.
..
..
..
..
..
..
..
..
Dr 1,
600

M’
scapi
tal
A/c.
..
..
..
..
..
..
..
..
Dr 2,
400

ToReal
i
zat
ionA/
c 4,
000 (
1mar
k)

3
17 A’
sSacr
if
ice=3/
10 ,
B’sGai
n/Sacr
if
ice=0

C’
sGai
n =3/
10 (
1Mar
k)

NetAmountf
orAdj
ust
ment=30,
000 (1)

C’
sCapi
talA/
c–Dr
(30,
000X1/
30) 9,
000

ToA’
sCapi
tal
A/c 9,
000 (
2Mar
ks)

18 NetDi
vi
sibl
ePr
ofi
ts-Rs.7,
240 (
4Mar
ks)

L-
-1,
448;
M--2,
172;
N--
3,620

OR

Adj
ust
mentTabl
e

Rohi
t Raman Rai
na Fi
rm

I
OC 10000 6000 8000 (
24000)

I
OD (
300) (
300) (
300) 900 2.
5

Wr
ongpr
ofi
t (
24000) (
24000) (
24000) 72000

(
14300) (
18300) (
16300) (
48900)
4
 Pr
ofi
tin5:
4:1 24450 19560 4890 48900

NetEf
fect 10150 1260 (
11410) -
--
-

Ent
ry:

Rai
na’
sCapi
tal
A/c 11410

ToRohi
t’
scapi
tal
A/c 10150 1.
5

ToRaman’
sCapi
tal
A/c 12160

19 ForEnt
ryNo.1,
2,
3,
5,
7 (
1mar
keach)

ForEnt
ryNo.4,
6 (½mar
keach)

Or

BankA/
cDr 2,
70,
000

ToDebent
ureAppl
i
cat
ionandAl
l
otmentA/
c 2,
70,
000

Debent
ureAppl
i
cat
ionandAl
l
otmentA/
cDr2,
70,
000

Lossoni
ssueofdebent
uresA/
c Dr 90,
000

To9%debent
uresA/
c 3,
00,
000

ToPr
emi
um onRedempt
ionofDebent
uresA/
c 60,
000

BankA/
cDr 5,
50,
000

ToDebent
ureAppl
i
cat
ionandAl
l
otmentA/
c 5,
50,
000

Debent
ureAppl
i
cat
ionandAl
l
otmentA/
c Dr5,
50,
000

Lossoni
ssueofdebent
uresA/
c Dr1,
00,
000

To9%debent
uresA/
c 5,
00,
000

Topr
emi
um onr
edempt
ionofdebent
uresA/
c 1,
00,
000

5
 ToSecur
it
iesPr
emi
um Reser
veA/
c 50,
000

1mar
kforf
istand3rdent
r ry 2mar or2ndand4thent
keachf ry

20 Sur
plus 1,
00,
800 2mar
ks

Openi
ngCapi
tal
fund 4,
87,
300 1mar
k

Bal
anceSheett
otal 6,
06100 3mar
ks

6
A.
21 8

BankA/
c 1980000 0.
5

ToEqui
tyShar
eAppl
i
cat
ionA/
c 1980000

(
Bei
ngappl
i
cat
ionmoneyr
ecei
ved)

Equi
tyShar
eAppl
i
cat
ionA/
c 1980000

ToEqui
tyShar
ecapi
tal
A/c 1500000 1

ToEqui
tyShar
eAl
l
otmentA/
c 300000

ToBankA/
c 180000

(
Bei
ngShar
esal
l
ott
edandbal
ancer
efunded)

Equi
tyShar
eAl
l
otmentA/
c 2500000

ToEqui
tyShar
ecapi
tal
A/c 2000000 1

ToSecur
it
iesPr
emi
um Reser
veA/
c500000

(
Bei
ngShar
eal
l
otmentmoneyi
ncl
udi
ngpr
emi
um

BankA/
c 2199500

Cal
l
sinAr
rear
sA/
c 2000 2

ToEqui
tyShar
eAl
l
otmentA/
c2200000

ToCal
l
sinAdv
anceA/
c 1500

(
Bei
ngal
l
otmentmoneyr
ecei
ved)

Equi
tyShar
eCapi
tal
A/c 7000

Secur
it
iespr
emi
um Reser
veA/
c1000 1.
5

ToShar
esFor
fei
tedA/
c 6000

ToCal
l
sInAr
rear
sA/
c 2000

7
(
Bei
ng1000shar
esf
orf
eit
edf
ornon-
pay
mentofal
l
otmenti
ncl
udi
ngpr
emi
um.
)

BankA/
c 14000

ToShar
eCapi
tal
A/c 7000 1

ToSecur
it
iesPr
emi
um Reser
veA/
c7000

(
Bei
ngf
orf
eit
edshar
esr
eissuedat`14pershar
e)

Shar
esFor
fei
tedA/
c 6000

ToCapi
tal
Reser
veA/
c 6000

(Bei
ngshar
efor
fei
tedmoneyt
ransf
err
edt
oCapi
tal
Reser
veaccount
) 1

OR

Jour
nal
ofSt
arLt
d.

Dat Par
ti
cul
ars L. Debi
t Cr
edi
t
e F. (
Rs.
) (
Rs.
)

BankA/
c Dr
. 50,
000

ToEq.Shar
eApp.
A/c 50,
000
½
Eq.Shar
eApp.
A/c Dr
. 50,
000

ToEq.Shar
eCapi
tal
A/c 50,
000
½
Eq.Shar
eAl
l
otmentA/
c Dr
. 50,
000

8
 ToEq.Shar
eCapi
tal
A/c 50,
000 ½

Banka/
c Dr
. 50,
000

ToEq.Shar
eAl
l
otmentA/
c 50,
000 ½

Eq.shar
efi
rstcal
lA/
c Dr
. 40,
000

ToEq.Shar
eCapi
tal
A/c 40,
000 ½

BankA/
c Dr
. 44,
000

Cal
l
sinAr
rear
sa/
c Dr
. 2,
000

Eq.Shar
eFi
rstCal
lA/
c 40,
000 1.
5

ToCal
l
s-i
n–Adv
ancea/
c 6,
000

EXTRACTOFBALANCESHEETOFSTARLTD.

Par
ti
cul
ars Not
e Amount(
Rs.
)
No.

IEqui
tyandLi
abi
l
iti
es

Shar
ehol
der
s’Funds

Shar
ecapi
tal 1 1,
38,
000
1

Not
est
oAccount
s:

Shar
eCapi
tal

9
 Aut
hor
izedCapi
tal
:

4,
000Eq.shar
esofRs.100each 4,
00,
000

I
ssuedCapi
tal
: 1

2,
000Eq.shar
esofRs.100each 2,
00,
000

Subscr
ibedCapi
tal
:

Subscr
ibedbutnotf
ull
ypai
dup 1

2,
000Eq.shar
esofRs.100each,
Rs.70cal
l
ed-
up
1,
40,
000
1,
38,
000
Less:
Cal
l
sinAr
rear
s 2,
000

A.
22 Pr
ofi
tonRev
aluat
ionRs26,
000 3mar
ks 8

Capi
tal
A/c’
s–A’
sCr
.Bal
ance1,
89,
140

B’
sLoanA/
C 2,
04,
600

C’
sCr
.Bal
ance 75,
660 5mar
ks

OR

Jour
nalEnt
ry
 
L Debi t Cr
edit
. Amou Amou
Dat
e Par
ti
cul
ars
F nt nt
. Rs Rs
  Revaluat
ionA/c Dr.  1,500  
   
 ToFur nit
ureA/ c       1,500
  (Furni
tur
edepr eci
atedby5%)       
   
        
  StockA/c Dr.  5,000  
   
 ToRev aluat
ionA/ c      5,000

10
  (Stock  appreciated)        ½
   
        
  Credi t
orsA/ c Dr
.  5,
000  
   
 ToRev aluati
onA/ c      5,
000
  (Creditorswr it
tenoff)        ½
          
  Accr uedRentA/ c Dr
.  2,
000  
   
ToRev aluati
onA/ c      2,
000
  (Rentduebutnotr ecei
ved)       
          
  Rev aluationA/ c    10,
50  
0 ½
  ToRajkumar’sCapit
alA/ c Dr
.    7,
000
  ToRajendr
aKumar ’
sCapitalA/c Dr
.    3,
500
  (Pr
ofi
tofrevaluat
iondistr
ibut
edamong       
exi
sti
ngpartnersi
nt herati
o2:1)
          
  CashA/c Dr
.   1,
05,
0   ½
00
   
 ToDhi
raj
kumar
’sCapi
tal
A/c      60,
00
0
   
 ToGoodwi
l
lA/
c      45,
00
0 1
  (Dhi
raj
Kumarbroughthi
sshar
eof       
Capi
talandGoodwil
l)
          
  Goodwil
lA/c Dr
.  45,
00  
0
   
 ToRaj
kumar
’sCapi
tal
A/c      30,
00
0
   
 ToRaj
endr
aKumar
’sCapi
tal
A/c      15,
00
0
  (Goodwi l
ldist
ri
butedamongsacr i
fi
cing       
1
partner i
ntheirsacri
fi
cingr
ati
ooldpr of
it
sharingi.
e.2:1tocompensatefort
heir
sacrifi
ce)
          
  Rajkumar ’
sCapitalA/c Dr
.  20,
00  
0
  Raj
endr
aKumar
’sCapi
tal
A/c Dr
.  10,
00  
0
   
 ToPr
ofi
tandLossA/
c      30,
00 1
0
  (Pr
ofitandLoss( Dr.
)di
str
ibut
edamong       
exi
sti
ngpar tnersi
nthei
roldprof
it
shar
ingr at
io2:1)
          
  GeneralReserveA/c Dr
.  60,
00  
0

11
    ToRaj
kumar
’sCapi
tal
A/c      40,
00
0
   
 ToRaj
endr
aKumar
’sCapi
tal
A/c      20,
00
0
  (General
Reservedi
str
ibutedamong         1.
5
exi
sti
ngpartnersi
ntheiroldpr
ofi
t
shari
ngrati
o2:1)
          
 

1.
5

PARTB

23 A

24 b.

25 1:
1

26 Schedul
eII
IofCompani
esAct
,2013

A.
27 Anoper
ati
ngact
ivi
ty 1

A.
28 (
a)Onl
y(i
)iscor
rect 1

A.
29 1
I
tem Headi
ng Sub-
Headi
ng(
IfAny
)

Secur
it
iesPr
emi
um Reser
ve Shar
eHol
der
sFunds Reser
vesandSur
plus

Debent
ures Non-
Cur
rentLi
abi
l
iti
es LongTer
m Bor
rowi
ngs

A.
30 CL=Rs.
60,
000CA=Rs.
1,50,
00or 3

ROI=33.
3%

A.
31 4MARKSf
orCor
rectCompar
ati
veI
ncomeSt
atementOR¼mar
kforeachcor
rect 4

12
 bl
ank

A.
32 Cashi
nfl
owf
rom Oper
ati
ngAct
ivi
ti
esRs.1,
70,
000 2Mar
ks 6

Cashusedi
nInv
est
ingAct
ivi
ti
esRs.(
2,20,
000) 2Mar
ks

Cashi
nfl
owf
rom Fi
nanci
ngAct
ivi
ti
esRs.1,
00,
000 1Mar
k

Cor
rectpr
esent
ati
onofOpeni
ngandCl
osi
ngCashandCashEqui
val
ent
s(LastPar
t
ofCFS)1Mar
k

13