This Question Paper consists of32 questions [Section-A (22) + Section-B (5 + 5)] and 16 printed pages

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Roll No.
sr{*.qis IIIIITIIIIII Code No. 65/055/1
6k.li.
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'{> ACCOUNTANCY
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.[z (Principles and Practice of Financial Accounting)
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Day and Date of Examination
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Signature of Invigilators I
(fttmit * 6RrsR)
)

Generul Inslructions :
I Candidate must write his/her Roll Number on the first pagc of the Qucstion Paper.
2 Please check the Question Paper to verify that the total pages and total number ol'questions
contained in the Question Paper are the same as those prinled on the top of tlre first page.
Also check to see that the questions are in sequential order.
3 Making any identification mark in the Answer-Book or writing Roll Nurnber anywhere
other than thc specified places will lead to disqualification ol the candidate.

4 Write your Question Paper Code No. 65/055/1,, Set-[ on the Answer-Book.
5 (a) The Question Paper is in English/Hindi medium only. I-Iowever, if you wish. you can
answer in any one of the languages listed below :
English, Hindi, Urdu, Punjabi, Bengali, Tamil, Malayalam, Kannada. Telugu, Marathi.
Oriya, Gujarati. Konkani, Manipuri, Assamese. Nepali. Kashmiri. Sanskrit and Sindhi.
You are required to indicate the language vou have chosen to answer in the box
provided in the Answer-Book.
(b) ll'youchoose to write the answer in the language other than llindi and English, the
responsibility for any errors/mistakes in understar.rding the questions will be yours only.

65/0SS/1-320-A i I ffi I Contd...

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 ACCOUNTANCY
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(l'rinciples and l'ractice of Financial Accounting)

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(320)
'l'ime : 3 Hoursl [Maximum Marks : 100

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Note : (i) This Question Paper has two Sections - Section'A'and Section 'B'.
(ii) Attempt all questions of Section 'A'. Section 'B' has two options. Candidates
are required to attempt questions from one option only.
( iii) Each question from Question Nos. 1 to t has four alternatives - (A), (B), (C)
and (D), out of which one is most apprppriate. Choose the correct answer
among the four altematives and write it in your answer-book against the number
of the question. No extra time is allotted for attempting multiple-choice questions.

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SECTION - A
EIu-C - 3I

I A reserve which is not shown in the Balance Sheet is known as: I

(A) General Reserve (B) Specific Reserve
(C) Secret Reserve (D) Revenue Reserve
q6 {qq ffi q
R{rld fq-{"r i-& ftorqr qrdr, q6 EEdrfrr t -
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(C) Uq Ttqq (D) glFrq {Tq
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65/05S/t-320-A I lal.i
trt:.:t I Contd...
.,
When a flxed amount is withdrawn by a partner at the end of every month, I
interest on drawings is charged fbr the duration of:

(A) 12 rnonths (u) sj nronths

_1
(C') tt; monlhs (ll) .6 rnonths
ia-q \.6 fufi ETrr ed6 qr6 + Grd + ftfird trRr enofuo m qrft t d wo-rq fr
nlir qr qre fr {umr dl ,irqtq i,tft
'

(Ar ll Tfr+ (B) tl *

(C) 6; q-ft+
1

(D) 6 {&+
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3 Wn"n capital accounts are fixed. which one of the lbllowing items I
rvill be $,rittcn in thc Partners' Capital Acoount?
(A) l'anners' Dra\ ings
(B) Additional capital introduccd by the partncrs in thc linn
(C) I.,oan takcn by a partner frorn the firm
(D) Loan advanced b_u" a partner to the finn
qft wmi + srt r+lrff t, d ftq
tff tt
drt fr r< qrffi
+ tfr qri t
ftrdt v1\"ft i
(A) ffi+<rr} } snrr"r (t}) srffitanrsd+d.ntld oTPditm,ftr
(C) w+sr< am q{ fuqr.rqr t z"r
(D) q|-+fl Erc 5d 41 fuqr rql ToT
4 On adrnission ol a partner anlount ol'goodu,ill (prcrnium) brought in by a I
r1e1!' partner is shared between old partners in which of the lirllou,ing ratios'?
( A) | : I ratio (B) I-heir profit loss rutio
(C) Sacriticing ratio (D) Their capital ratio
qr*qrr qiqr * sqq @rfu (ftfqqq) * d rllr i-qr( oililr t o+ T{r+ qr+fi ftq
'rq
t't tus wgua Eizt t? {
(A) I : I orjqm t tB) dri drq 6rft qvrr {
(C) srrr ergvn C (D) offi+ {.ft q-gqrd t
5 Which of the following items is not reco(ded on the debit side of I
'Revaluation Account'? :

(A) Decrease in the value of assets (B) :Decrease in the value of liabilities
(C) Unrecorded liabilities (D) 'Increase in the value of liabilities
ftq S + fo's rq +qr grffi*q
qT qr+ + Th cfr + i-& foqr qrarr
(A) ricft * ae { ofr (B) t+drd * qu { aff
(C) olFfrtu( @ (D) tq-drq] * tq { gk
EIIIft
65/05S/l-320-A I 4 lat.i I Contd...
lil-lt
6 In which of the follorving situations court may not order a partnership li rrn I
to be dissolved?
(A) When all the partners excepting one deoide to retire liom thc firrn.
(B) When a partner becomes of unsound rnind.
(C) When a partner transf'ers his/her interest in the fitm to a third party.
(D) When a partner becoutcs pennancntly incapatrlc of pcrlbnning his/hcr
duties as a partncr.
frq { t q6 qrm s{ + sqrtrc * sntrr c-& t s-6nT?
fu( qftRerft t;qrqrm-q
(A) sq \16 fl+fi o1 dg erfu Hfi Er+{R qd t sr+ortr q5q qG or ftolq q,t dr
(B) ftFff qr#fi + crrrf, d+ d seTr qr
(c) wq 6t{ ff*fl 6d q oTc+ R
or acir<"r ftES trSq c$ qi tn-( ?r
(D) qE ati €r*fi erff cc + o{c+ siffi irr qrFr o-rt d ermrJ r} qrqr
It is that part of called up capiral r.rhich has bc'en paid by the shareholdcr: I
(A) lssued Capital (B) Subscribed Capital
(C) Called-up Capital (D) Paid-up Capital
qlfdd tft iFI q6 qrq feror 5.ron eisrtnff am toq ot gmr t, qs t ,
(A) lfrtud tft (B) oiFrqrq
'ffr
(c) qrf{d tft (D) rcr {ft
8 "A company has an independent and separate cxistence distinct tiorn I
i1s rnembers". The characteristic of cornpany highlighted in the abovc
statement is:
(A) Incorporated body (B) Perpetual cNistl)rcc
(C) Common Seal (D) Arliticial logal pcrson
"q,qft 6r e{ift-cs s{q+ ffi€il + c{itrd t RdT s yer6 t" r sq-tm erwtrr d oqft
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1a1 errlFt-a (en (B) erlff o{ks
(C) sr{ gfl (D) Ehq +qrk6 qlft
9 The debentures which are pa id'back only when the company goes into I
liquidation are known as:
(A) Convertible Debentures (B) Non-Convertible Debentures
(C) Redeemable Debentures (D) Non-Redeemable Debentures
T6 {rtq{ fu+or g.rdF kffi * * t
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(C) eiec rqrd (D) otsfuq rurw
l0 Give the meaning of 'Provisiod. State any lbur general rules for creation of 3
provisions.
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at{ e'R (IqRq frqii or sdo
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65/055/l-320-A l LfIt
5 t='(':.i I Contd...
11 State any three features of Single Entry System. 3
'\16 Gfo,-{ c"flfr' sft eti f,H frs}sdrd or w*e dfuqr
12 Differentiate between 'Fixed Capital Accounts' and 'Fluctuating Capital -t
Accounts' on any three basis.
tenft srd' q 'enqrf ift erd:
tff * ft
frE-€i +{ oilqrd w eim dfugr

13 On lst April, 2017, Mahima Ltd. purchaed a machine for { 90,000 and 5
spent { 6,000 on its carriage and t 4,000 on its creation. On the date of
purchase it was estimated that the effective life of the machine will be l0 years
and after l0 years the scrap value will be ( 20,000.
Prepare Machinery Account for 4 years after providing depreciation on Straight
I
Line Method. Books are closed on 31st March every year. Show your workings
clearly.
qBqr fd. t
t edr, 2017 61 q6'qet{ < 90,000 t stff srtr < 0,ooo s(*, qr}
q < 4,000 errq{r v( qq P6g l q9t{ + 6-c + vrc **r oro or ergqrr
l0 s{ ffinql r{IIr l0 e{ vaq t
qsft{ 6r €f,sfhE {er < 20,000 dfir
s.f, tqr ERr rruril qsfr am 4 sfr + fuq qfi-{ qrrr frqn dfeqrgK+ vlfr e{
31 qr{ 61 +( * t
qrft tr erqft TurEr sTe <flf{+l

14 Dirya started a business with a capital of t

4,00,000. At the end of the 5
year her total assets were t 10,00,000 and extemal liabilities were t 4,50,000.
She further informs that during the year she withdrew < 50,000 for household
expenses. During the year she sold her personal investments of t 30,000 at
25%o profit and brought that money into the business as additional capital.
You are required to prepare a Statement of Profit and Loss. She keeps her
books on Single Entry System.
{
ffqr + < 4,00,000 or.rrr q-qsrc U6 toqrr q{ + (}i-d vr-ff go ttvfuui
t
< 10,00,000 ttrrr cn6r < 4,50,000 ftrqo wi 116 q.rqr tft f+, ss+ q{
@ t
t t
+ drffi E( r*d fuq < 50,000 qft rfir qEsrq trmrfrr q{ + drffi sfr+
t 30,000 + grc+ Frft fqft+q B1 25yo ollt qr *qr een ss rrRr a1 qqflq q
s{FdfocdXfrtwfrlrrnftqrr
enq-*1 rm srfr ts-dtur +fi o-sr tr16 orrft gmh 5o-en ofo-{ von-ft * wgvn
e-{rft tr
15 Reeta, Geeta and Meeta are partners in a firm sharing profits in the ratio 5
of 2 : 1 : l. Firm closes its books on 3 lst March every year. Geeta died on
30th September, 2021. There was a balance of t
I ,50,000 in Geeta's capital
account in the beginning of the year. In the event of death of any partner,
the padnership deed provides for the following Provisions:
(i) Interest on capital will be provided @ 6Y, p.a.
(ii) (
The executor of deceased partner shall be paid 24,000 for her share of
goodwill.

65/0SS/l-320-4, I 6
L?.I]E
l:'i..: l ( ontd...
llt:i+
 (iii) Her executor is also entitled for her share of General Reserve which is
t 12,000.
(iv) Her share of profit till
the date of death which is calculated on the basis
of last year's profit. The last year's profit was < 40,000.
Prepare Geeta's Capital Account to be presented to her executor.
tdr,,hdr otR +dr q6 q.{ q w+qR t stTrq iFT ftqrw z : I : I *' srgcrd S m.(ft
trq{ srqfi gH+ c-+6 q{ rt qr{ d
+( o''.& tr 30 ftriifi, 2021 d,fur d fq
d.rftrq{ & eTRq q.ft-dr fi qTA 6r a}c < 1,50,000
tft mrffi
ff*cR aft Tq
* {rffi
P€ft + {
t'frq ftq 61 srqqn : }
(i) (ft t
w 0x qrfrfo c( qrq s-Ert fuqr qrg,nt
(ii) Ttr6 ffi-{R + a+rtftrort d @rft { csb !Tr.r q < 24,000 6r grl-drc f6?II
ETIqII
(iii) sror wrtftrorft qrqrq (qq { w* qrq 6r *
< 12,000 t, or ro-qn dtr
(iv) te qi ftiq e-+ firq fr ce-6r qrr fusff rrumr ftEA q{ * enr omrn rrr *
d .r{ t r trEfr q{ 6I (nT < 4o,ooo r{n
.t-dr + +rirk6 s-r-aftrort o1 vq( o.'G * fts ueor {ft sril ftqn dftqt

16 Anita, Bheem and Kavita are partners in a firm. On lst April, 2021,ihe 5
balances in their capital accounts were { 8,00,000; t 6,00,000 and { 4,00,000
respectively. They shared profits in the ratio of 5 : 3 : 2 respectively. Partners
are allowed interest @ 57o per annum on their capitals.
Anita's share of profit excluding interest on capital is guaranteed at not less
than ( 25,000 in any year. Any deficiency arising on that account shall be met
by Kavita. The profits of the firm for the year ended 3 I st March, 2022 amounted
to ( 1,68,000.
Prepare Profit and Loss Appropriation Account for the year ended
3lst March,7022.
orfiu, ftq q ofuor go q.d t sr+fi t r t sri-e, 202 I 61 q{* tff sra} *' s}s Fqn,
< 8,00,000; < 6,00,000 q < 4,00,000 ttt
m'qu, 5:3:2 *
orgqrd mq or t
fuTrf,{ o-G treffi al qr
tft5% qrf{6 sr qrq t
ftqT qrdr tl
srfi-dr 61 ffi * e{ { {ft qr qre a1 +s-o.{ < 2s,000 + {r-f,q mE *,IrtE
tr ss sr+ d nflr { 6t{ .t 6ft 6 qri w 6P{dr st qu otft r 3l qd, 2022 A
qqrq *i t
sre q{ .n{ fr mm d nf}r 1,68"000 ( tl
3l ql{, 2022 e1 tqrq fr+ qr& q{ + ftc ff,r-Erh qqrqts{ snn tqn dfuq r

17, What is meant by forfeiture of shares? What is the result of forfeiture of 5

shares? Explain the procedure of forfeiture of shares.
{s
shrt 61 a-ri an er or{ t ? oiri a1 qq art 6r flr cftunq ehr t ? otlil o1
qq o-ri d yPmrrt ol eqflggr

65/055/l-320-A I 7
ffi I Contd...
t8 Agrima Ltd. tbrf-e ited 400 shares of ( 100 each, on which she had paid 5
? 40 per share on application. She lailed to pay allotmcnt money of { 30
per.share and first call money ol { 20 pe1 share. Her shares were forleited
belbrc the llnal call. These shares were la.rer on re-issued frf t 90 per share
as fully paid up.
' Pass necessary .lounral entries fbr tbrfeiture and re-issue ol'shares.
,3{FJqr ffi. t< too q-+6 * 400 sirr kr q( q6 oTr+En nRr < +o uft orn or g.rrn
fi ffr fr, qqr o-r ftgrq6 < 30 cft oin si oflt{rq nf}r q < 20 cft oirr d qEq
qrqqt nfu 6r grkTn o-ri t
':re.q.o r&tcs* eisfr a1 iriftq.qrqcT
qd r< iE.< t
t t
fuqr.rqrrqrE E{ dfi +1 90 cfr aiar X"t rct * rq { gn:Fnffuo q-r f{qr -rrqrr
,t'1fr al q< fi+ q c{* gr:ftriw Eft tq-ffrqT cfu&qt dftcr

19 Pass necessary journal entries for issue of l2%o Debentures of l0 each 6 t in

the tbllou'ing cases:
(i) I 5,000 Debentures issued at par and redeemable at 207o prernium.
(ii) 3.000 Debentures issued at 20Vo premilm and redeemable at par.
(iii) 4.000 Debentures issued at l0%o discount and redeemable at par.
(iv) 2.000 Debentures issued at l07o discount and redeemable at l07o prernium.
ftq qftRerftd + { t0 rd6 * 129' {qN-* 61 Frfkd or* * tq-trTsr ctqftqf
ZETIETq :

(i) 5.000 *qq{ fqno,r Hq-{ oifa,c aru rR fu.qr T{tr mr fuq-6, qitr{ 20%
ftfuqq qI ftnqr qrg.nr
(ii): 3,000 FFIT{ 20% ftfuqq qt Po-qr rrqr aqr fqq-o,r rfrffi
x"rq* fuq-qryr
' stPd-d {q qt fuqr eqnnr
(iii), 4,000 Tqqr fu{c6r FrtT{ l0% et w foqr rr<T iw qrtffi oifu-d Tq q-(
t+-qr qrgtn r

(it) 2,000 xqq{ fu.rqfl FrIiT{ l0% et q{ t+.qr rrql dqr 9frt5q l09zo fffoqq qr
to-qr org'n r

20 Haryana Ltd. in! ited applications tbr 1.00,000 equiq- shares of l0 { each. 6
payahlc as lbllows:
On application t 2 per share
On allotment........ T 3 per share
Or First and Final call ............ The balance.
Applications were rcceived for 3,00,000 shares and the shares were allotted on
pro-rata basis to all the applicants. The excess application money was ad.justed
towards sums due on allotment only. Naresh. a shareholder who had applied
fbr 3,000 shares lbiled to pay the call money.
Pass nccessarv journal entrics for the above transactions in the books of
Haryana Ltd.

65/0SS/1-320-A t'is't
I 8 tr,(',:
ITI-E I Contd...
 Eftqr"n tf,. it l0 e-d6 + 1,00,000 (Tdr eiefr * ftq cTr+q-{ oTrqfE-f, P6s tq-{6r
yan ft< q-6rr t tq en:
sn*ec q( .......... ( 2 vfu eiw
o{rqz-{ Ir( ? 3 cft oter
qqq q orfuq q-qfl q-(.............. rlq rrflr
i.00,000 oirfr * toq o{r+En lt< gg nu nS oTrM ta1 oTricfto ontm q< eirfr
61 g{riz{ si( lEqrrfir s{r+({ q{ crq d orftiGf, rrfh qi }-{f, erti-{ nf$r q €r
RqrdPq( fu-qt rrqr\ro eirmrft qtlr fo<ri 3,000 oiafr + ftn] oil+fi foqr qr, qrqrr
rrftr or g.Hrq o-ri ergq-o r-ar t
srd-ff 6 6q €ftqrun fd. m $a-+i t
ffi enqsqo
qfuftqi frfuCr

2l From the lbllowing Trial Balance of Aviyana Garmcnts" prcparc l'rading l0

and Profit and Loss Account fbr the year ending on 3lst March. 2022 and a
Balance Sheet as on that date.
Trial Balance of Aviyana Garments for the year ending 3lst March 2022
Name of Account Dr. Cr.
Anrount ({) Anrount (()
Capital 1,56,500
Cash at Bank 53.700
Purclrases 50,000
Sales 1,30,000
Wagcs 26,800........

I,and and Building 1.60,000

Salaries 13,000......
Sundrv Debtors 45.000

l-oan rd l2Vio p.a. .......... 1,10,000

Sales Return 10,000......
Cornrnissitrrr Reccir ed
Total

Adj ustments:
(i) Closing stock was valued at < 50,000.
(ii) Depreciate machinery @ l0o/o p.a.
(iii) Create a provision for Bad and doubtful debts (q, 57o on debtors
(iv) Outstanding wages were { 1,000.
(v) Interest on loan for the whole year was outstanding.
E_rgf
6sloss/1-320-A I 9 l-*ti I Contd...
 orPdqmr rrc+q( * FmPfrfun f,-drr. + 3t qd,2022 al ttrq d+ sre sS + fuq
qrqR qri cnr grft Enflr (qr sfr Pdfk * ffrc Rqfr ed{rq tqn sifqqr
qfrqr{r rrnit$ zrr dnrre 3l qd, 2022 o} wm r}fr q{ or
qrii t ilq ilq rlq qqt rle
nft (<) nfh (<)
ffi
+6 {
I,56.500
t6s.... 53-700
iE-q 50,000
ffiq 1,30,000
q-q-d .........26,800
Rt6' (l-4-2021) 48,000
tft cs ,rfi ...... 1,60,000
qsft{ 44,000
+f,{ 13,000
fsFsq t{qrt 45,000
tqfsE +{<n............... 32,000
w (12% qffim m *) ........... 1,10,000
iTfiq srcft ........... 10,000
9r< ffiq1q 22,000
i5'n 4,50,500........... 4,50,500
Trlrqtir;I :
(i) cilf,q Rn6 6-r {si6-{ t 50,000 qil
1li) rut-t q( 10% qrfrf+ <t em e.ntir t
(iii) tfit q( tsrytcr s dft.t{ T"il + ftC 5% d er crqqn osr tr t
(iv) orcr q${t < 1,000 Pftr
(v) Tor r( {t qd ol qrq or<fl err r

OR / 3lerdl
Following is the Receipts and Payments Account ol Anne Entertainment
Club fbr the year ending 3 l st March" 2022. Prepare Club's Income and
Expenditure Account for the year ended 3 I st March. 2022 and a Balance
Sheet as on that date.
Receipts and Payments Account of Anne Entertainment Club
for the year endin 31st March 2022
Recei ts Amount (T) Payments Amount ({)
To Balance b/d 1,s0,000 By Salaries 1,50,000
To Subscriptions 2,00,000 By Entertainment expcnses 60,000
To Entertainment receipts I,00,000 By Investments 1,00,000
To Sale of old fumiture 6,000 By Newspapers 1,000
(Costing < 10,000) By Fumiture 30,000
To Sale of newspapers 600 By Balance c/d I,15,600
4,56,600 4,560600
Additional Information:
(D Subscriptions include ( 10,000 for the year 2022-23. Subscriptions of
< 50,000 is still outstanding for the current year
E.I,I
6s/oss/r-320-A I l0 l=.(:: I Contd...
 (iD Salaries paid include < 15,000 for the year 2022-23.
(iii) Interest for 3 months at 6Vo p.a. has accrued on investments.
(iv) Capital tund on lsl April, 2021 was < 1,60,000.
\rft \rdi?F+s trercr i6r 31 q{, zozz o1 sqrq A+ eR s{ + ftc rnfu e 91561-1
}
qmr frq ran tr 3l qd,2022 a1 sqrq d+ er& q{ foq ffis an snq \,ti qq
qmr q sfr ftfu mr ftqta tq-+rq tqn dfsqr
\* \r{trih ws ei flk
w gr6pa q61
3l qr{ 2022 dt rqrq dt q{ or
nRI (o 5{-dn (<)
1,50.000 tfr{ 1,50,000
q<I 2.00,000 qfriqq qq 60.000
q-+aq=i crkqt 1,00.000 trln 1.00.000
g{r+ q-{f{i # t{ff 6,000 Itqltlr$F{ 1.000
(ilrrd < 10,000) q,ftR 30,000
€qrqRq* # fufr 600 els grrt t.rE I,l5 600
4,56,600 4,56,600

(i) 2022-23 + ffrc < to.ooo sFqfud t r qfqrq s{ + fts ( s0.000

d d rrflr srfr qorqr tr
qe
(ii) gqarq l6q rrc +ff{ + < 15,000 Et 2022-23 t
qFqftn lir
(iii) FrAgr q1 67o ffifo Et ff{ rrrcr EEr qrq sfda tr
t
(iv) I ui-o, 2021 dr tff
61s d t
rlir 1,60,000 ffr
22 Rahul and Sahil are partners in a firm sharing profits in the ratio of 3 :2. l0
Their Balance Sheet as on 31st March. 2022 is as follows:
Balance Sheet of Rahul and Sahil as on 3lst March 2022
Liabilities Amount ((' Assets Amount (
Creditors 80,000 Cash at Bank 70.000
Salaries outstanding 8,000 Debtors 90.000
Proflt & Loss 40^000 Stock 65.000
Capital : Land and Building 2,45.000
Rahul - 2.(X).000 Goodwill 3 8.000
Sahil - 1.80.0(x) 3,80,000
GUnUn 5,08,0r fl
On 3ls March. 2022 thcy admitted Aditi into partneship on the following
terms:
(i) Aditi will bring t 1,50,000 as her share of capital and ( 30,000 as her
share of goodwill (premium).
(iD Land and Building is appreciated by 20%o.
(iii) Stock is valued at t 70,000.
(iv) Creditors of t 5,000 are unrecorded.
(v) A provision @ 5Vo is to be created on debtors.
(vi) The new profit sharing ratio of Rahul, Sahil and Aditi is agreed as 3 '. 2 : | .
Prepare Revaluation Account, Capital Accounts of partners and Balance
Sheet of the new firm after Aditi's admission.

65/()SS/l--120-A I il F# I Contd...
 rrgd on-( srft-d q6 s{ + {r+{rr tr,.aa sm+ mr* a1 3 :2orgqn { faq6o *.1
t r r t qr{, 2022 €r s,rqa ftqft fu4ryr ftq s-oR : t
q nrko zn ftqft tfi{E 31 qrd ,2022 dt
nflr (O 'flqFaqi nttr (
80,000 't6 { ts-s 70,000
arcr i.aq 8,000 +{qR 90,000
onr srft .{0.000 do' 65.000
{dt :
1ft a re-t 2,45,000
Trgf, - 2,00,000 CqIFd 38,000
fllfd - 1.80.000 3.80,000
5,08,000 5,08,000
3l , 2022 d s5'i It(
(i) oTifd erc+ *{rrr a1 {-fi * rc q < 1,50,000 ilr ntq+ qFr * @ft (frfrqql
*wd<3o.ooumgrtlr
(ii) th a rr+t zn f,ra{ 20% t qsrqr q1grnr
(iii) €i6 oi guiot < 70.000 tocl'rqt
(iv) ( 5,000 '+, +r-{R ':ifuftm Sr
(v) trsrt q{ 5% ftt q< * qrsqn ml ys{ r6qr qt\rrl
(r i) qr aEqit Et fo r6a, vrko q srfrfu qr q-qr mp{ frqrsr orjcrd 3 : 2 : I drn r

gr{Sqrsr sren, qrmi * tft qrA q arfrfu * risr * c+rq r{ m4 s'T frrrFd
fr-+<"r t-qn dfecr
OR / 3{'gflI
[{emant, Ahmcd and Ashish are partners sharing profits and losses in thc ratio
of5 : 3 : 2. They decided to dissolve the partnership finn on 3lsr March. 2022.
Their Balance Sher{ on the date of dissolution was as follo*s:
Balance Sheet of Hemant, Ahm and Ashish as on 3l st March. 2022.
Liabilities Amount (() Assets Anrount (i
Creditors 2,70,000 Cash / Bank 10,000
Ahmed's Loan Account 30,000 Bills Receivablc 30,000
Capital: Debtors 2,40,000
Hemant - I,00,000 Stock 1,75,000
Ahmed - 50,000 Furniture 5,000
Ashish - 10.000 1.60,000
4,60,000 4,60,{
'l he realisation of Assets and settlement of outside libilities was done as
fbllows:
(i) Fumiture was taken over by Ahrned at book value.
(ii) Debtors of t 20,000 proved Bad.
(iii) Bills receivable were realised in full.
(iv) Stock realised < 1.70,000.
(v) Realisation expenses amounted to { 20,000.
Prepare Realisation Account, Partners' Capital Accounts and Cash/Bank Account.

E,iJ+
6sloss/l-320-A I t2 l}.{:.i I Contd...
 |q-q, sp5qq eln enrfts sr+{rt t nefi 5 : 3 : 2 ]' ergwa { crq-oft a.r frqmq a-rfr
tr rt qr{, 2022A t-d+ ffffi q{ qqrqq 6r Frutq fuqrrqqrrr{ ilftq 61
* d
sq-q''r Rqfr fuflq ftqrJ€T{ erT:
tr<, errrq dn qrrtq or ftqft ftqt"r 31 qr{, 2022 q}
EM 2.70,000 rt6g/e6
lrqftmi {H(
10,000
'016rr(' iEI TUI qktT 30,000 Hq P{f, 30.000
y.ff tfiR 2,40,000
tT< - l,00,000 .Tl 1zt6 1,75,000
or6ll-E- 50.000 s{f-qr 5,000
oTraftq - 10.000 1,60,000
4,60,000 4n60,000

cFrftffi t qEft ilrT er-fl aqdTefr or fttren ftq e6r< t to-qr.rqr ,

(i) q-6r1q i q-ffqr g<-o {€ T( t ft{qn

(ii) t 20.000 * t+qT-( {q .TCr
(iii) yrq ftd t qq,t nflr na g{r
(iv) do * < 1,70.000 qqg ggl
(v) aq* 4q t 20.000 Egr
aqft grdr, qrmi * tft srA aqr il+-cA6 urar fiqn dftqr
SECTION - B
qEs-q
OPTION _ I
fu6-fl - I
(Analysis of Financial Statements)
f{eq tu{"il a fr$qq)
23 What is measured by 'Liquidity Ratio'?. I
t
trrsdr €rgcrd' eqr qTcr qrer t ?
24 State why are the following parties interested in analysis of tlnancial 3
statcrnents:
c-dq dfqq f6 ftq q{ ffi td{roti } ftrtq"r { ds d red t ,

(a) lnvestors
rqr+qrwo
(b) Managernenl
qGT;€I

(c) Lenders
TI,KKTI

65/OSS/l-320-A I l-i Ef[i! I Contd...

25 Calculate 'Debt-Equity Ratio' and 'Proprietory Ratio' frorn the fbllowing data: 5
Amount (Q
Fixed Assets 1,00.000
Current Assets 20.000
Investments 1,30,000
Equity Share Capital I,00,000
Reserve and Surplus 20.000
Debentures .................... 2.50.000
Creditors......... .................. 10.000
Frqfrfu( s@ 8' 'Tqr {Frfir 'Erft''e or3vtf,' fr rrurrr d&g:
rRr (O
erft ffi 1,00.000
qrqftkqi. 20"000
frFrirr 1,30.000
({fl '3ier tft. .. 1,00,000
Tiqc qri oilfirfl 20.000
?IUTTFI . 2,50,000
+r-fi. 10.000

26 From the following statement of Profit and Loss of Aarav l-td, prepare a 5
Comparative Statement of l)rofit and [.oss:
Particulars 3lst March 3lst March,
2022 2021(<\ (<)
Revenue from operations 25,00,000 ...... 20,00,000
Cost of material consumed 13,00,000...... 10,00,000
Other expenses 1,20,000........ 1,00,000
Tax Rate 5OYo 50%
q
crrs fr. + ftqftf@H m{ 6rft Fo-+1q gil{rd-6 mrq 6rft ft-+tqr fiqrr dfuq:
ffitq 3l qr{, 31 qr{,
2022 t3
2021 (<)
c-srtr{ 3nq t ......... 25,00.000 ......... 20,00.000
sctr f6.C Tg qrd Errr( d 13,00,000 ......... 10,00"000
e]-q qq 1,20,000 ........... 1.00,000
4-( q( 5OYo 5OYo

65/0SS/l-320-A l{ Ei{;t
I l:+:: I Contd...
27 From the following Balance Sheets of Aradhya Ltd. as on 3 I st March 202 I 6
and 3lst March 2O22, calculate Cash Flow from Operating Activities.
. Balance Sheet of Aradhya Ltd. as on 31st March, 2022 and 3lst March,202l
Particulars Notc 3l st March 3l't March,
No. 2022 (<\ 2021 ({)
I Equity and Liabilities
l Shareholders funds:
(a) Share capital 21.00.000 3,50,000
(b) Reserve and Surplus l. t,00.000 80,000
2. Non-Current Liabilities
Long-term Loan l0%o I,00.000 1,20,000
3. Current Liabilities
TradqPayablqs 2 1.80.000 85-000
Total 7,80,000 6,35,000
ll Assets
1. Non-Current Assets:
(a) Fixed Assets:
(i) fangible: Land & Building 4.32.000 3,60,000
( ii) Intangible: (]oodwill 10.000 30.000
2. Currenl Assets:
(i) lnventories 95,000 73,000
(ii) Trade Receivables 90,000 70,000
(iii) Cash and Cash Equivalents I,53,000 I,02,000
Total 7,80,000 6,35,000
Notes to Accounts :
Particulars 3lst March 3lst March
2022 (<) 2o2l (<)
Reserves and Surplus
Surplus i.e. Balance in statement of
Profit and Loss 1,00,000 80,000
2 Trade Payables:
Creditors 80,000 60"000
Bills Payables 1,00,000 25.000
oTr(rtqr t rt qr{, 202t s 3l ql, zozz + ft'{ ft{ft lM t e-qrf,{ P6qT0il
ft.
q Ilrs 9-qr6 fr rrur{r qifqq
elRrqr fr. 6r ftqft ft{(ql 3l q[a,2022 q 3l qr{, 2021 d
il fr faffi; (<\
frffi;
1I 2022 2021 (<)
I, €q.drEil
L rkQtss( r$s:
(a) sirr {ff 4,00.000 3,50,000
(q) {qq cs oTrRrfr 1.00.000
1 80,000
2. tn-qrq tqdr(
ffir xq 10% 1,00,000 1,20,000
3. qqas-drq
qrcrt tq 2 1,80,000 85,000
?5-d 7,80,000 6,35,000
Ediit
65/05Sil-320-A I 15 l-^i...: I Contd...
 II. ffi
L tr-vq {vPtut
(o) lqffi {vfrqt
(i) Td , 1ft e r+t 4,32,000 3.60,000
(ii) oqf : erfu t0.000 30,000
2. qr( {ckqt:
(i) Ein 95,000 73,000 )
(ii) qqrq eTq 90,000 70.000 I
(iii) tqis e to-e gev I,53,000 1,02,000
gid 7,80,000 6,35,000
efiii t ct5 , )

ffi{q 3l qr{ 3I qd ,!

2022 (<) 2o2l (t)

l. dqq 1rq oTrRr€
s{rRrqq BTerfu drq-grfr f*rrq q,r qh 1,00,000 80.000
2 qlcn tq: rl
+r-qr 80.000 60"000
tq fsrrd I 00 000 25 00
OPTION - II
f{+-fl II
(Application of Computers in F inancial Accounting)
(+qx or ftfu +ei+-i d srfrrr)
23 Dellne 'Data Base'. I
'tdr t(' o1 qftlrrrfuo dfrcr
24 State any three advantages of usiLng graphs/charts. 3
*
frg tq,Erl o,I vq+q a-rt ffi,:dtq srri an s-dq dtqcr
25 Explain any five features of 'Spreadsheet'. 5
'*srft-.' d ffi
fq fr*qar.* o1 eqaEgr
26 What is a 'Pivot Table'? State any four advantages of Pivot Table for the 5
users.
'fu{. {rrft' *1 tra sqffid * ftC {€h f+ff qn vrt ar s-de dfrqr
27 Explain the various 'Earnings' included in 'Pay-roll' Accounting. 6
{
'E rt(' +€iE-{ up16. tqFrq 'ird--{roii' si ffiHr{gr

L-48
65/05S/l--120-A I l6 Lr,+li
IttiY