AISSCE PRACTICAL EXAM

TERM- II (2021-2022)
CLASS – 12TH

SUB – ACCOUNTANCY (055)

M.M -6

Set – B

Q1. Prepare Comparative Statement of Profit and Loss from the following (2)

Particular Note 31st March 2021 RS 31st March 2020 (Rs)

No.

Revenue from Operations 15,00,000 10,00,000

Expenses 10,50,000 6,00,000

Other Income 1,80,000 2,00,000

Q2. From the following balance sheet of X ltd., prepare cash flow
statement: (4)
st st
Particular Note 31 March 2021 RS 31 March 2020 (Rs)
No.

1. EQUITY AND LIABILITIES

1. Shareholders ’s Funds

(a) Share Capital 2,50,000 2,00,000

(b) reserves and Surplus i.e. Balance is Statement net 1,83,000 82,000
Profit of Profit and loss

2. Non-Current Liabilities

Long-term Borrowing :
80,000 50,000
15% Debentures
3. Current Liabilities

(a) Trade Payables 1,50,000 1,10,000

(b) Other Current Liabilities 12,000 20,000

Total 6,75,000 4,62,000

II. ASSETS

1. Non-Current Assets

(a) Property, Plant and Equipment (Fixed Assets)-Tangible 2,74,000 1,17,000

(b) Non-Current Investment 68,000 55,000

2. Current Assets

(a) Inventories 2,06,000 1,50,000

(b) Trade Receivables 32,000 70,000

(c) Cash and Cash Equivalents
95,000 70,000

Total 6,75,000 4,62,000