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i Series PQ3RS/3 ; ■ Set - 1 )I

!
HIMIIilll Q.P. Code 67/3/1
31^56^ I cb
Roll No. ; vr swq irni I ;
i 1 1 r
i I i 1 Candidates must write the Q.P. Codej
i I i
• 1 i
! on the title page of the answer-book. j

• 3*7 W 'JIM rl 39 t !
• ^7^// T 34 MW f /
• 37?¥-77 37k W JW-77
T7 fcT^ /
• MW MM 3W7 fki 77 TrfT-^f^-ctchl MW fb^ich
/
• ^7 TW-VM Mk fkfT 15 fwZ MM THTM f^TT MMT # / MM ImUTM
k 10.15 UmI MIPTIT / 10.15 Mk k 10.30 Mk dM> <kde1 MtH-MM
Mk M^t 37k ^7 37Mfk fklM k 3M7~gf^MM M7 MT# 3577 Mk? klkkl /
• Please check that this question paper contains 39 printed pages.
• Please check that this question paper contains 34 questions.
• Q.P. Code given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
• Please write down the serial number of the question in the answer-book
before attempting it.
• 15 minute time has been allotted to read this question paper. The question
paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m.,
the students will read the question paper only and will not write any
answer on the answer-book during this period.

ACCOUNTANCY
s

Time allowed : 3 hours Maximum Marks: 80

67/3/1-13 Page 1 of 39 P.T.O.

 1

777777777 ffitPT:

ftHfafad ^777 fyMfdd) wfarr 3^7 37W77 777R :

(i) $77 J7F7-y37 if 34 1TF7 f ! Wft XF7 wficwf f /
(ii) 77^7-^ W # famfad t — WW & c7%7’MV & !
(Hi) ZTM eF7 377ft ■qfttfTf&ft ft7 fair 3/fftmft ft /
(iv) ^777 $7 facfrcV ft / ^ft^rrfsftft ftidtf ^7 ftf fache^ $7 37737 ^7 3rfT faisfa ft /
f^che^ I: farftw fcl'cHUlT ^777 fc/^cftyU/
f^ch^y II: wfifchfaw (ft7^7ch d
(v) 3733 777^77 1 ft 16 (3F7 37) 337 3733 777s37 27 ft 30 (373 <7/ d^facheftld 373773
ft / Ticftcfr yyd I 33^7 377 ft /
(vi) 3733 3fa277 17 ft 20 (373 37) 337 3733 377237 31 3^3 32 (373 73) 37^-3dft3 373773 $7
t 3 37^ °TT t I
(vii) ^7 PF&7T21, 22 (HH ^7) 7MT 77^7 777^77 33 (*7W 7$) ^f-3rf^7 37W777-I & 37^7 f /
J/r^qb 4 37°fd &7 f /
(viii) 77^7 777^77 23 7? 26 (W ^7) 77ST7 77^7 771 34 (KH W J7?7 l
7 777^7 77^7 6 37^ ^77 # /
(ix) 77^7-^ 4 7777J7 f^77 / ZTtffy, !7c^ ^7 fp? Tptft # 37idf7<=b
^77 W^7 7^77 W7 f /

i. (^) ?T2n 3wr 3 ^<11 w 5 : 3 3hwt 3

f^WR $ 1 31 RT^, 2023 W farn^t
3 10,000 f^TT I 31 jn^, 2023 OTTH
3 6% 3Tr^r R{ WR Wr : 1
(A) 2,400 (B) r 1,200
(B)
(C) 1,500 (D)
(D) 900
arsrsn
(^) 3jnn-, 4^ ■Rrt Rii^R sff crar 3 3:4^
: 3RRT?f ■?
^T f^WR TOft 1 31 RFI, 2023 W R? ^TR
fW 3J*J cpf % M7 fl T 30,000 3n^ui IflRT I
31 RrS, 2023 OTTH ^4 M 10% c|lW«b fw 311 ^<U|
1
(A) 6,000 (B) r 4,500
(C) 3,000 (D) 1,500
67/3/1-13 Page 2 of 39
 General Instructions:
Read the following instructions carefully and follow them :
(i) This question paper contains 34 questions. All questions are compulsory.
(ii) This question paper is divided into two parts — Part A and Part B.
(Hi) Part A is compulsory for all candidates.
(iv) Part B has two options. Candidates have to attempt only one of the given
options.
Option I: Analysis of Financial Statements
Option II: Computerised Accounting
(v) Questions number 1 to 16 (Part A) and Questions number 27 to 30 (Part B) are
multiple choice questions. Each question carries 1 mark.
(vi) Questions number 17 to 20 (Part A) and Questions number 31 and 32 (Part B)
are short answer type questions. Each question carries 3 marks.
(vii) Questions number 21, 22 (Part A) and Question number 33 (Part B) are Long
answer type-I questions. Each question carries 4 marks.
(viii) Questions number 23 to 26 (Part A) and Question number 34 (Part B) are Long
answer type-II questions. Each question carries 6 marks.
(ix) There is no overall choice. However, an internal choice has been provided in few
questions in each of the parts.
PART A
(Accounting for Partnership Firms and Companies)
1. (a) Shrikant and Ajay were partners in a firm sharing profits and
losses in the ratio of 5 : 3. Shrikant withdrew T 10,000 in the
beginning of each quarter during the year ended 31st March, 2023.
Interest on Shrikant’s drawings @ 6% p.a for the year ended
31st March, 2023 will be : 1
(A) 2,400 (B) 1,200
(C) 1,500 (D) 900

OR
(b) Abha, Manju and Rhea were partners in a firm sharing profits
and losses in the ratio of 3:3:4. During the year ended
31st March, 2023, Rhea withdrew 30,000 at the beginning of
each half year. Interest on Rhea’s drawings @ 10% p.a. for the year
ended 31st March, 2023 will be : 1
(A) 6,000 (B) r 4,500
(C) ? 3,000 (D) r 1,500
67/3/1-13 Page 3 of 39 P.T.O.

I
2. Rfhn RRT RTR RR RR? R RT^RR R RR[ 2:1^ S^RTR 3 RTfR-Rlft' RT fRRTRR
RPR $ I RR^t RRft RR^T: 2,00,000 RRT 1,80,000 2ft | 1 3jfe, 2023 Rft
RRftft RRft HPft ft 1 WT R ftw. 3RRJ RT RR R7. WRR R RR ft RRRT f^RT |
, 5
3nftt 3TRft t^ft ft; RTP ft> rr ft 1,50,000 W 3-TT^l
ToRlfa ftftft : 1
(A) 7,50,000
(B) 2,20,000
(C) 3,70,000
(D) 1,50,000

3. (^) HrTT, TTsn hPrti 4 W 3:2:1^ 3TJW ii

fWH RPR I 31 RTR, 2023 'R’i '3^4 Rpf iRRZR RP
fWl fRRI I RtRRRt } 3TRft uftf 90,000 % 3tWr IhRSH 3
80,000 WR; iJrR 7RTR R^ 80% RT f^RT I R?t RR RiR
y4ldM 'gRT fcb’Ml RR | ’gRI JRRIR R^ rIrT RRft : 1
(A) 26,000
(B) 64,000
«
(C) 80,000
(D) 1,44,000

(^) HFRT, R-4R W IftrRT RR RR ft ft RRT 4 : 3 : 1 31JRIR ft

WRRTfR RT RTR Rift ft I 31 Rfft, 2023 Rft 3^fft Rft ft? fRRZR RT
fftpfe fftnr I fftfft Rft Rft fti W 3,00,000 irfft ft; ftRRR ft RRT
30,000 RT ftlftiR RRt ft; fiftR RTRRH RT I fftR£R R 20,000 fti
^R RR RRT ftRRft ft 90% RIJRft
irftr ftrftt: 1
(A) T 3,00,000
(B) 2,25,000
(C) 2,80,000
(D) 2,52,000
67/3/1-13 Page 4 of 39
2. Seema and Laksh were partners in a firm sharing profits and losses
in the ratio of 2:1. Their capitals were 2,00,000 and T 1,80,000
respectively. They admitted Aadi as a new partner on 1st April, 2023 for
1th share in future profits. Aadi brought 1,50,000 as his share of
5
capital. The goodwill of the firm on Aadi’s admission will be : 1
(A) 7,50,000
(B) 2,20,000
(C) r 3,70,000
(D) 1,50,000

3. (a) Lata, Mehu and Namita were partners in a firm sharing profits
and losses in the ratio of 3 : 2 : 1. They decided to dissolve the firm
on 31st March, 2023. Creditors took over stock of book value of
80,000 at 80%, in part settlement of their amount of ? 90,000.
The balance amount was paid to the creditors by cheque. The
amount paid by cheque to the creditors will be : 1
(A) 26,000
(B) 64,000
(C) 80,000
(D) 1,44,000
OR
(b) Sanya, Sarthak and Nitya were partners in a firm sharing profits
and losses in the ratio of 4 : 3 : 1. They decided to dissolve the firm
on 31st March, 2023. On this date, the firm had debtors amounting
to 3,00,000 and provision for doubtful debts of 30,000. On
dissolution, debtors for 20,000 proved bad and the remaining
debtors realised 90%. Amount realised from the debtors will be : 1
(A) r 3,00,000
(B) 2,25,000
(C) 2,80,000
(D) 2,52,000
67/3/1-13 Page 5 of 39 P.T.O.
4. W ■gft W ir w 3 : 2 ^5 Wjqirf if fgW
st i eR Tpf Fnxff 4 1 nra 3; fw to hu, m if yuhr f^n to
5
it 3^ itrn TT^n ^ft i 2 : 3 3TJ1RT i f^TT I 3FFft WT
i i 1,00,000 w wfa itfwr 50,000 wn 1 ikn TT^n
^ft qq WT Sd^MId inTT : 1
(A) 3:2 (B) 1:1
(C) 2:3 (D) 13:7
5. qj, w ugrr qi i $ qsn 4 : 3 : 2 sqqr?! i ?nq-^Tfq qq
ftHRH qq?t i I 1 srlfe, 2023 i WF qqi 3 : 2 : 1 sgqRT
i ifei qq ftufq i 3qqq IWq fqqqq 84,000 qq qqtqrft iqq
q^rf T^T qr I qqfqrtt 75,000 qri qq 3TjqH ^FUiqi W I
<sM^xb % qqiq qvt qqfMa qqi % fiqq, <l<jHiqqi qfqw : 1
fqqqq
(I)
(A) qqrqRt ^id^ld ■qqq ^qrqi htr 84,000
75,000
qj ’(41 ^icl i 4,000
iqrq i 3,000
■u^ri i> ■'^jft i 2,000
(B) q>4q id ^fd^R qqq qnqr qiq 84,000
75,000
qq (41 d- 4,500
qtq^^ (it iqr4 i 3,000
<i§d T|4t iqii i 1,500
(C) qq qq ^ft <qT?n HIH 500
<i§d 1(4t iqi i 500
(D) qq|qi(l sjfaqfif iqq ^qq 84,000
qqfqrft ^ifdqf4 qri iqi i 75,000
qq (41 qni i 3,000
itq^i) (it iqi i 3,000
<i^d (41 iqi i 3,000
67/3/1-13 Page 6 of 39
4. Geeta and Hari were partners in a firm sharing profits and losses in the
ratio of 3 : 2. Krish was admitted as a new partner for ith share in
5
profits of the firm which he acquired from Geeta and Hari in the ratio of
2 : 3. Krish brought 1,00,000 as his share of capital and 50,000 as
premium for goodwill in cash. The sacrificing ratio of Geeta and Hari will
be : 1
(A) 3:2 (B) 1:1
(C) 2:3 (D) 13:7

5. Manu, Sonu and Rahul were partners in a firm sharing profits and losses
in the ratio of 4 : 3 : 2. With effect from 1st April, 2023, they decided to
share profits and losses in the future in the ratio of 3 : 2 : 1. Their
Balance Sheet showed Workmen Compensation Reserve of 84,000. The
claim on account of Workmen Compensation is estimated at 75,000.
The journal entry to give effect to the above transaction will be : 1
Dr Cr
Date Particulars Amount Amount
(r) (^)
(A) Workmen Compensation Reserve A/c Dr 84,000
To Workmen Compensation Claim A/c 75,000
To Manu’s Capital A/c 4,000
To Sonu’s Capital A/c 3,000
To Rahul’s Capital A/c 2,000
(B) Workmen Compensation Reserve A/c Dr 84,000
To Workmen Compensation Claim A/c 75,000
To Manu’s Capital A/c 4,500
To Sonu’s Capital A/c 3,000
To Rahul’s Capital A/c 1,500
(C) Manu’s Capital A/c Dr 500
To Rahul’s Capital A/c 500
(D) Workmen Compensation Reserve A/c Dr 84,000
To Workmen Compensation Claim A/c 75,000
To Manu’s Capital A/c 3,000
To Sonu’s Capital A/c 3,000
To Rahul’s Capital A/c 3,000

67/3/1-13 Page 7 of 39 P.T.O.

 I
6. 3jfn^sR(A): W4t fW 3 wt crtv; ^nit | vrv
tft^rf WF?t if 3fk wf itv Mt i
(R): Wft ^ft fW M vii tir FHV Klft VFT WT, t VI
34I$<u|, 34|$<u| tp; ©zp^f
' I
TVFdt M 'feVT <r| Id I t
PlHidfed M V^t ft'+xrM VTF 1
(A) arfirasiq (A) w (R) (R), (A)
o^ltesil | I
(B) 3tfW4H (A) TTSn VVW (R) ^t V2H VTRq (R), 31fV^2H (A) ^t
Kgt 1? I
(C) arftraan (A) t, (R) t I
(D) SlfWlH (A) W asm (R) Wf I

cble'Vpfch f^fcT cfS// eft ^77 & 3Tr^rR W ^<2^1 7 (T^R 8

3rR ({Ifal' :
ftai, ^ftHT V2TT wft ’rf tj 2ff cTSJT 3:2:1^ 3^Mld if
WF-^rfv W fvVRH sff | 4rl4 10% Vlffe it 341^1 ip;
Wfaf W 5m‘<TH 2p | 31 2023 V^t WF # fi^T, Wl W
Wft WOV ^t sF^T: 50,000, 40,000 V2V 30,000 2ft |
31 vH, 2023 vJt W M div 57,000 2R |

7. ^ftHT 341^^1 V7 W4 KtVT : 1

(A) 5,000 (B) 4,000
(C) 3,000 (D) ^2,000

8. dibit W dTV if WF ^tVF : 1

(A) 11,500 (B) 34,500
(C) 10,500 (D) 23,000

9. 10 Slr^cb 50,000 WTF vrt no vfa s^t/^k

VI ^FRFT vtt 34fir^H M-d^d fe? | 0MK1 VT sft I 48,000
STTft/TMfit fdFV, 34VTR rF2TT B^t 34l^<q?| ^t 34Ndd W f^FT W I
341^-4 V7 vin uftr ^Uft: 1
(A) 52,80,000 (B) 55,00,000
(O 50,00,000 (D) 48,00,000
67/3/1-13 Page 8 of 39
r

6. Assertion (A): Partners’ current accounts maintained under ‘Fixed

Capital Method’ may show a debit or a credit balance.
Reason (R): In the ‘Fixed Capital Method’, all items like share of profit
or loss, interest on capital, drawings, interest on drawings
etc. are recorded in the partners’ capital accounts.
Choose the correct option from the following : 1
(A) Assertion (A) and Reason (R) are correct, but Reason (R) is not the
correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are correct and Reason (R) is
the correct explanation of Assertion (A).
(C) Assertion (A) is correct, but Reason (R) is not correct.
(D) Both Assertion (A) and Reason (R) are not correct.

Read the following hypothetical situation and answer questions No. 7 and 8 on the
basis of the given information :

Richa, Sheena and Tapti were partners in a firm sharing profits and
losses in the ratio of 3 : 2 : 1. The partnership deed provided for charging
interest on drawings @ 10% p.a. The drawings of Richa, Sheena and
Tapti during the year ended 31st March, 2023 amounted to 50,000,
40,000 and 30,000 respectively. The net profit for the year ended
31st March, 2023 was 57,000.

7. Sheena’s interest on drawings will be : 1

(A) 5,000 (B) r 4,000
(C) 3,000 (D) 2,000

8. Tapti’s share of profit will be : 1

(A) r 11,500 (B) r 34,500
(C) r 10,500 (D) 23,000

9. Alfa Ltd. offered for public subscription 50,000 equity shares of 10 each
at 110 per share. The entire amount was payable on application.
Applications were received for 48,000 shares and allotment was made to
all the applicants. The amount received on application will be : 1
(A) 52,80,000 (B) 55,00,000
(C) 50,00,000 (D) 48,00,000
67/3/1-13 Page 9 of 39 P.T.O.
 1

10. (A): nra 3fe/feA nn nm (forfeit) lA^di num A, At 3AT/fen AAt

fefe nrn A Ahft ni fer w ^nn A (i) nfefe 3^ nwn
i^idi 3fen 3idvi dMHi n^n (ii) 3A1/fei ^<U| (forfeit) nnA A
3fe/feA m nfe A At w fe fet | i
(R) : nR 3fe/feA nn ^<ui (forfeit) ffen didi A, A>d<n ntcnjfA
AtfAnn A nfe^An nfAffeA nA ^•scb< 3At/A£r (forfeit)
^id A nj-dfen kAt nfAffert nA femn Ami, A^inn ynnA A
nn fei nm A, 3<de Iddi nmn A 1 •
ffefAffe A A fet fdn>rM nn nnn fefe : 1
(A) 3rfenn (A) nnr nnm (R) fef fe A ^nr nnw (R), 3rffe>H (A) ^t
fe °di<sdi A I
(B) 3rfw4H (A) nm nrrn (R) fet fe A, Afe nnnn (R), arfenn (A)
^t fet o^i^oqi Tffff |

(C) 3rfenn (A) w A, 'Afe nnon (R) A 1

(D) 3rffenn (A) fet A, Afe nnm (R) nnm A 1
11. ^d-Hl Gdfais H 10 UrMcfc % 50,000 ^TcTT sm/wn p 2 yrfa 3^t/^r
vi Mfan fen i fei gnuH fer 4:
3i Add nA 3n«jdd nr 7 fe 3RT/fer (yffen ^fe)
nsnr nA 3ffe dN-n m - fe
fen nA ^n n 3rffei ^3n 1 1,000 wtt fe/fei nr nsR nA sife nr^RT
A^d-n fet 0R1 fAfAdd^ mih At n^ 1 3fe/^AA nn nw (forfeit) nn ■fen
Jldl I 3fe/AdA A> (forfeit) m 31 dd dMdl TsFlA A IfeA dluA : 1
(A) 7,000 nnn A (B) ? 5,000 pi A .1
t

(C) 5,000 nfm A (D) 7,000 HTR A

12. (^t) % 3^11

31 NdH fdU -^HdH PlH ^> 90% cbM •HchdI ? 1
(A) (B) ynf^’Jjd 1J3ft I
(C) 3TfW (D) Mftd
i
67/3/1-13 Page 10 of 39
 10. Assertion (A) : When the shares are forfeited, share capital account
is debited with the amount called up and credited to
(i) respective unpaid calls account i.e., calls in arrears and
i
(ii) share forfeiture account with the amount already
I received on shares.
Reason (R): When the shares are forfeited, all entries relating to
the shares forfeited, except those relating to securities
premium, already recorded in accounting records must be
reversed.
Choose the correct option from the following : 1

(A) Both Assertion (A) and Reason (R) are correct and Reason (R) is
the correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are correct, but Reason (R) is
not the correct explanation of Assertion (A).
(C) Assertion (A) is incorrect, but Reason (R) is correct.
(D) Assertion (A) is correct, but Reason (R) incorrect.

11. Lexa Ltd. issued 50,000 equity shares of 10 each at a premium of

2 per share. The amount was payable as follows :
On application and allotment - 7 per share (including premium)
On first and final call - Balance
The issue was fully subscribed. All the money was duly received except
the first and final call on 1,000 equity shares. These shares were
forfeited. On forfeiture of these shares Calls in Arrears Account will be : 1

(A) credited by 7,000 (B) debited by 5,000

(C) credited by 5,000 (D) debited by 7,000

12. Minimum subscription for allotment of shares as per Securities and

Exchange Board of India (SEBI) guidelines cannot be less than 90% of
which of the following capital ? 1

(A) Reserve Capital (B) Nominal Capital

(C) Subscribed Capital (D) Issued Capital

67/3/1-13 Page 11 of 39 P.T.O.

 1

13. (v?) ^41 r io 3,000 siW^ 8 vfer

TOT/Vtal Wt VR fe, ? 2 <T 3W/-^R WT
wfe VI, w w few I ^V mfe 3feft/vtvfe VV f 7 vfer WT/W, 8
W 3fe: fefefvv W fevr WT I W Wt fe WWRd ^t
vufe lifer feW : 1
(A) 18,000 (B) r 24,000
(C) 15,000 (D) 3,000

(^) fe 10 3J?fe^ 1000 wfi/wn ffen RT Tiffe TTH

oft sft, 2 Mid 31fdR 4 MH I <lf$l yjldH H 4><H VI,
WT VR fow I ^{4 800 3Wt/Wr vJt 11 vffe WT
R4ftd VR i^u W I 3 w VTrft irfel Wt : 1
(A) 6,400 (B) 8,000
(C) 7,200 (D) 10,000

14. WR ^Tt 1
(A) ^PJ VtWl
(B) cpq vwn
(C) 3Kf^7T WTO
(D) iftra wm

15. (^) W rfsn ftg TicF xpf rT^n 5 : 3 : 2 3

few TOft sff I 30 fw-cR, 2023 I
TTI$Hk 1jR3J ferffe W 3W W4 % WT t WTT
WT % 3WR RT ^TTwft i fWr w 80,000
2IT I 1
(A) 10,000 (B) 20,000'
(C) 30,000 (D) 40,000
SJSTeTT
67/3/1-13 Page 12 of 39
 13. (a) KLB Ltd. forfeited 3,000 shares of 10 each, 8 per share called
up for non-payment of first call of T 2 per share. All these shares
were reissued at 7 per share, 8 paid up. The amount
transferred to Capital Reserve Account will be : 1

(A) 18,000 (B) 24,000

(C) 15,000 (D) 3,000

OR
(b) NUK Ltd. forfeited 1,000 shares of 10 each, fully called up for
non-payment of final call of 2 per share. 800 of these shares
were reissued at 11 per share fully paid. The amount credited to
Capital Reserve Account will be : 1
(A) 6,400 (B) 8,000
(C) 7,200 (D) r 10,000

14. The debentures which do not carry a specific rate of interest are called : 1

(A) Zero Coupon Rate Debentures

(B) Specific Coupon Rate Debentures
(C) Unsecured Debentures
(D) Secured Debentures

15. (a) Nicku, Mala and Ritu were partners in a firm sharing profits in
the ratio of 5 : 3 : 2. Nicku died on 30th September, 2023. The
deceased partner was entitled to his share of profit up to the date
of death which was to be calculated on the basis of previous year’s
profit. The previous year’s profit was 80,000. Nicku’s share of
profit will be : 1
(A) 10,000 (B) 20,000

(C) 30,000 (D) 40,000

OR

67/3/1-13 Page 13 of 39 P.T.O.

1
 (^) fifed, am ttsh HHfll fl fl W 4 : 3 : 3 fl; 31^Mld fl
I
dm-^rfi fflwd ^ifl fl 1 1 add, 2023 finfzf
dm-^lfi fflHRH 5 : 3 : 2 fl; ayMM fl fldT I Id fl
iPdcfi fl; Hl-lfll aflAdm m rWT flw : 1
(A) arffldm — (B) -x
10 10
(C)
^TTTT
dTPT —
1 3
(D)
10 10

16. (^) W dRT Ifd fl fl dm 2 : 3 fl; ayqTd fl dPT-^Tfi dd

ddMH md fl I adft 3frdH dfl X?jF HIT fl; fl yd^y f^n I flqT
A arfi wr mr 1 dm hrt A aid wr < 1 aftdd fl; feir ?mn ffl^n 1
W, dm dm afldd mr nm dm-fflmdH ayqid dm : 1

(A) 8:9: 13 (B) 3:2:5

(C) 22:3:5
:3:5 (D) 2 : 3 : 25
srarar
(13) 3TR^, 3J=H r^STT ^T5 UcR it HT^R $ W 1 : 2 : 6 3RpjR- 3
rnR-fflfa 351 ftfflNH RRTt I 3T5 TJrg FiW I BTRT? RSTT
^5 «IPT 35t 2 : 1 ^5 WW if 3Tfcrf?a f^RT I ^5 3W
fl; flfli 3jjw flkr: 1
(A) 2: 1 (B) 1 :2
(C) 5:4 (D) 4:5

17. 3dife<i, cfcrim ^fl fl flf cisn 4 : 3 : 3 fl^ 34jMld fl dPT-^rfi

fflWH I 30 *p, 2023 ^fl ^dRI flt I flfl fifif
^fA fl; ornff fl wn fl; mn fl; anw qr
wn ‘dl^H I dfl
2022 - 23 fl ffl^r 20,00,000 (Tsn 1 add, 2023 fl 30 2023 fes?
4,00,000 1 31 *nfl, 2023 ^fl w {Ttr cpf <ST HW 5,00,000 m I
flrffl dm fl ddKi A; mn fl^t wn 'PlPin, cfsn W if srRWfi
AddIHd 1 dflifl AfllfliJ 1 ajqfl ^rfl cfl fl ^1^0, I 3
67/3/1-13 Page 14 of 39

1
 (b) Nikhil, Arun and Mansi were partners in a firm sharing profits
and losses in the ratio of 4 : 3 : 3. With effect from 1st April, 2023,
they decided to share profits and losses in the ratio of 5 : 3 : 2. Due
to change in the profit sharing ratio, Mansi’s gain or sacrifice will
be : 1

(A) Gain — (B) Sacrifice —

10 10

(C) Sacrifice — (D) • —

Gain 3
10 10

16. (a) Hema and Tara were partners in a firm sharing profits and losses
in the ratio of 2 : 3. They admitted Ojas as a new partner. Hema
surrendered ird of her share and Tara surrendered i of her share
3 2
in favour of Ojas. The new profit sharing ratio of Hema, Tara and
Ojas will be : 1
(A) 8 : 9 : 13 (B) 3:2:5
(C) 2:3:5 (D) 2 : 3 : 25
OR
(b) Aaroh, Bhuvan and Charu were partners in a firm sharing profits
and losses in the ratio of 1 : 2 : 6. Charu died. Aaroh and Bhuvan
acquired Charu’s share in the ratio of 2 : 1. The new profit sharing
ratio between Aaroh and Bhuvan after Charu’s death will be : 1
(A) 2:1 (B) 1:2
(05:4 (D) 4:5
17. Aaria, Beenu and Clara were partners in a firm sharing profits and
losses in the ratio of 4 : 3 : 3. On 30th June, 2023, Clara died. Clara’s
share in the profits of the firm till the date of death was to be calculated
on the basis of sales. Sales during the year 2022 - 23 were 20,00,000
and sales from 1st April, 2023 to 30th June, 2023 were 4,00,000. The
profit for the year ended 31st March, 2023 was 5,00,000. Calculate
Clara’s share of profit up to the date of death and pass the necessary
journal entry for the same in the books of the firm. Show your workings
clearly. 3

67/3/1-13 Page 15 of 39 P.T.O.

a
18. ftftl 3fk ^RR R^ RR? R WRR I 3R^t sft : 1,20,000 RRT ^RR
80,000 I RRRT ^RRRTR 4 RfHRRR RTRRR R1 12% t I fed ’RR RRf
RTTR $ :

2019 - 20 - 33,000
2020 - 21 - 22,000
2021 - 22 - 31,000
2022 - 23 - 34,000
<9dltd WTT fanldfelcl 3TTWt RT ’flfdQ. : 3
(i) ^TR 3-ftR?T RHR <ftH RR? RH RR |
(ii) 3lfRdlR RR chi'41 I
19. (^) gift R^kr 3 r 8,00,000 M^^FdRi RRT
r 2,00,000 fafRU RlHRRf RR 3Tfwnr 9,00,000 RRT RT
■fRRR I ^IdH 4,60,000 RR R^ Mfad RRR^ RRT rH
R 100 RcRR 9% Rt^HRt RR fWlH 10% 4lftRR RT RR^ fRRH RRT I
3M^t6 R> Id1^ ^41 fdfais J4WR>1 4 3RRRRR> {ItIHIRRI RfRf^Rf
3
3J2FRT
(^) jifcn 4 R^ fafaiU 3 9,00,000 RfWRfRRt RRT
3,00,000 ^RRT3ff RR 3jf^WH 14,00,000 RW R^ R1
fRRR I ^RRH 5,00,000 R°F ^RJ ^TTd ^RT RRI RtR fdR io% <£t
RT 8% RWIRf R^ Ir^RR ^TU fR^RT RRT I
3M^xb ^R^R UrR ^41 dI J^WR)! 4 3TTR?RR^ <1 dRIHRI
3

20. (^) iWT W Imt W H 2ff W 3 : 2 3-HW 3 RR

ftWH RRcft sff I 1 2022 Wt sCT?T: 50,000 RSR
30,000 ^rf 1% $ i ft?n 12,900, fwr
9,600 3WUT FPTT I 10% ciiRcb rp; 31^Hd Pb-MI
w sir 1 ft?n 3wn rt 660 rr ?pn -fim % 3h^t ri ? 540
r>7 w^r wfra fen w 1 1 3RRR, 2022 firm 20,000
^T fc^rr I 31 RT^, 2023 KW ^fg ^rm 22,600
2TT I
31 RT^, 2023 ^4 cFT ftPl4141 IsHdI ^fdQ, I 3
3R.W

67/3/1-13 Page 16 of 39
18. Rishi and Suman were partners in a firm. Their capitals were : Rishi
1,20,000 and Suman 80,000. The normal rate of return in similar
business is 12%. The profits of the last four years were :
Year
2019 - 20 - 33,000
2020- 21 - 22,000
2021- 22 - 31,000
2022 - 23 - 34,000
Calculate goodwill of the firm based on : 3

(i) Three years’ purchase of the last four years’ average profits.
(ii) Capitalisation of super profit.
19. (a) Sumi Ltd. acquired assets of 8,00,000 and took over sundry
creditors of 2,00,000 from Pandora Ltd. for a purchase
consideration of 9,00,000. The payment was made by issuing a
cheque of 4,60,000 and remaining by issue of 9% Debentures of
100 each at a premium of 10%.
Pass necessary journal entries for the above transactions in the
books of Sumi Ltd. 3
OR
(b) Gundola Ltd. took over assets of 9,00,000 and liabilities of
3,00,000 from AK Ltd. for an agreed purchase consideration of
14,00,000. The payment was made through a bank draft of
5,00,000 and the remaining by issue of 8% Debentures at a
discount of 10%.
Record necessary journal entries in the books of Gundola Ltd. for
the above transactions. 3
20. (a) Misha and Prisha were partners in a firm sharing profits and
losses in the ratio of 3 : 2. On 1st April, 2022, their capital accounts
showed balances of 50,000 and 30,000 respectively. During
the year, Misha withdrew 12,900 while Prisha withdrew
9,600. They were allowed interest on capital © 10% p.a. Interest
on drawings of 660 was charged on Misha’s drawings and 540
on Prisha’s drawings. Prisha had advanced a loan of 20,000 to
the firm on 1st August, 2022. The net profit for the year ended
31st March, 2023 amounted to 22,600.
Prepare Profit and Loss Appropriation Account for the year ended
31st March, 2023. 3
OR
67/3/1-13 Page 17 of 39 P.T.O.
 (^r) 31 Rf4, 2023 3TT^q an^^cb
Rr4 RWd IRR f^n eft 4,00,000 RVT 3,00,000
2ft I ft W ^3JT fft; 10% ft ftlft R W3T Rftf ft^TT W I
31 Rift, 2023 Rft W Rft RR ?TTR 1 00,000 §11 I
31 Rift, 2023 Rft ftl ftlH, RRR ft 3R^IR rjcftb RIR ft 3RRR ft
2,000, ^ftft fftn ft 3rw R?ft6 fftirft ft swR ft 3,000 ft 1
RRlftftH Rfftfft ftlfftlJ | 3

21. ft RRT ffttes 10 Slrfteb ft wi 3^fi/^Wr 4 fwH r 7,00,000

1jft ft RTSI Mftq-xj ft | I ^FRTT Rt IdO, 50,000 ’HHcli 3T^T/7RR
SR^R IftR I ftft RH yiRIR WR 4 sn :
3RftgR RT : 4 3tfd 3^T/W
3Rft?R RI : ^4 ^3^1/^
R2JR Rft afteTR RIRHI RT ; ftq
fftfR RR ft -RfftgR ^3R I 4,000 RRRT 3ftff/ftRft RT R2JR RR ftfftR RTRR[
ftft ft 3TfftftR Rft ftftft fftfftRR RIR ft R^ I
RRRft 3ftftfRRR, 2013 ftt 3q^ft III, RRT I ft agHR RRRft ft IrRIRT ft
3ftr/ftq< ftft ftt Rftm I ft ‘iRlft ft RftR’ ft ftRR fttfftR | 4

22. fe, RRT ftFR ReR Rft ft rt^RR ft RRT 5 : 3 : 2 ft 3IJR1R ft FTlft RR
fRRFRR RRft ft I 1 aft^T, 2023 ft iftft RRR-fRRnH RRRFR ftt 2 : 5 : 3 ft
RftRfftR RRft RH fftftl fftRT I 31 Rift, 2023 ftt 3RRR iWR 1RRTR fftq RRTR
RT :
c1
31 Mix!, 2023 'jlhJ TTSH fcJchul

(^)
5,00,000
4,00,000 3,00,000
3,00,000 wWt 2,00,000
2,00,000 9,00,000 1,50,000
rl^U. 5,00,000 2,50,000
^>4^ ifl ftfy 1,00,000 3,00,000
2,00,000
17,00,000 17,00,000

67/3/1-13 Page 18 of 39
 (b) On 31st March, 2023, the capitals of Raghav and Diya stood at
4,00,000 and 3,00,000 respectively, after the necessary
adjustment in respect of drawings and net profit. Subsequently, it
was discovered that interest on capital @ 10% p.a had been
omitted. The Net Profit for the year ended 31st March, 2023
amounted to 1,00,000.
During the year ended 31st March, 2023, Raghav’s drawings were
2,000 drawn at the beginning of each month, while Diya’s
drawings were 3,000 drawn at the beginning of each quarter.
Pass the necessary adjustment entry. 3

21. Shri Ganga Ltd. was registered with an authorised capital of 7,00,000
divided into equity shares of 10 each. It offered to the public for
subscription 50,000 equity shares. The amount was payable as follows :
On application : 4 per share
On allotment : 4 per share
On first and final call : Balance
The issue was fully subscribed. All the amounts were duly received
except the first and final call money on 4,000 equity shares.
Show the Share Capital in the Balance Sheet of the company as per
Schedule III, Part I of the Companies Act, 2013. Also prepare ‘Notes to
Accounts’ for the same. 4

22. Frank, George and Hemant were partners in a firm sharing profits in the
ratio of 5 : 3 : 2. They decided to change their profit sharing ratio to
2:5:3 with effect from 1st April, 2023. Their Balance Sheet as at
31st March, 2023 was as follows :
Balance Sheet of Frank, George and Hemant as at 31st March, 2023
Amount Amount
Liabilities (^) Assets (^)

Capitals : Land 5,00,000

Frank 4,00,000 Building 3,00,000
George 3,00,000 Machinery 2,00,000
Hemant 2,00,000 9,00,000 Stock 1,50,000
Creditors 5,00,000 Debtors 2,50,000
Employees’ Provident Fund 1,00,000 Cash 3,00,000
General Reserve 2,00,000
17,00,000 17,00,000

67/3/1-13 Page 19 of 39 P.T.O.

 RR PnIr IdRI JMl :
(i) 6,50,000 m RTRT m. I
(h) qrf mrfrT RR iJRRto 2,00,000 tol W I toR JRIcbl
■? RRf t^lUll ^TQ/TT I
RR ^Klcbl fl 3TWm fl^HTRRT Rffltofl <£lto | 4
23. 3PRI, IflshH RRT ffl-jR RR> R^fl fl RT^RR fl R2R RTTR-Rlffl RR ^<N<-«|<I®R
to fl i 31 to, 2023 tofl 3to wto to to to fed to rr ftto
pl'll I todd to fflffl RT to R7T ftofl toci tod WR RT :
31 to, 2023 to am, ftor cisn fto rh ftour

(T) m_
80,000
68,000 45,000
1,00,000 1,25,000
77,000 2,45,000 30,000
1,20,000 70,000
15,000
3,65,000 3,65,000

PlHfdRsM 31 t:

(i) ■H'MI 3RRI 75,000 -H^dd 1R foRR I

(ii) R^R 3 40,000 I
(iii) W7 R7R R>t ftjhH 1,30,000 RT f^RTT I
(iv) t’KRt 3 10% I
(v) RSR6 10% feR £RT 4,500 toi W I Rm RR 30,000
R f<RT RRT I
(vi) ^RT 5,000 $ I
Id I ^4I< 'flfclQ, I 6

67/3/1-13 Page 20 of 39
 It was decided that:
(i) The value of land having appreciated be brought up to 6,50,000.
(ii) Goodwill of the firm was valued at 2,00,000. Goodwill was not to
appear in the books of the firm.
Pass the necessary journal entries in the books of the firm. 4

23. Abhay, Bikram and Chris were partners in a firm sharing profits and
losses equally. They decided to dissolve their partnership firm on
31st March, 2023. The firm’s Balance Sheet on the date of dissolution was
as follows :
Balance Sheet of Abhay, Bikram and Chris as at 31st March, 2023
Amount Amount
Liabilities (^) Assets (^)

Plant and
Capital: Machinery 80,000
Abhay 68,000 Furniture 45,000

Bikram 1,00,000 Motor Car 1,25,000

Chris 77,000 2,45,000 Stock 30,000

Creditors 1,20,000 Debtors 70,000

Cash at Bank 15,000

3,65,000 3,65,000
_

The following information is available :

(i) Plant and Machinery was taken over by Abhay at an agreed
valuation of T 75,000.
(ii) Furniture realised 40,000.
(iii) Motor car was taken over by Bikram for 1,30,000.
(iv) Debtors realised 10% less.
(v) 10% of the stock was taken over by Chris for 4,500. The
remaining stock was sold for 30,000.
(vi) Realisation expenses amounted to ? 5,000.
Prepare Realisation Account. 6

67/3/1-13 Page 21 of 39 P.T.O.

 24. 1 srftar, 2022 Rft ftfeRH Rifafe ft 500 feta? ft? 10,000, 7% Rt^FRil Rft
10% feRRR RT fftftfe fen, feTRR RTiRR RTR fe ft? RRRRF 5% feRRR RI fen
TFTtaK I fftfe ft 3ft RRfe ft? tafftfe fttfaRR fef ft F 1,50,000 RR fe 2R |
(r?) nufer ft? tafe 424 tawtaf ft? fftfe rt feft’ Rft tafeta ftlfife fet
RR KRRta R2RT Rft ft? sta ft ftt RRft "gR staffed R?lft ft? ffe 34id^RR)
fe-HiHRi ytaRtaT ftftffe 1
(^) 31 RT^f, 2023 RR RRTR 33 Rft ft? tata tat^fe in fftfe RT WT[’
^FR 4>1 fdM, I 6
25. (^) 3^ff/^Ri ^tut (forfeit) TF2R gRfWr finfefad WdRl ft
3RRWF ftRFRIRTfr SlfdR’MI : 6
(i) ftteftft fafais ft 10 RRRF fti, 2,000 3ftftf/'ftRft <fft, fftrft
2 Rfft 3i^/-W ftftRRR TR iftftfRTF fen W 2R, 5 Rfft
3^r/fe (ftifen fen) anfen fe nn r fet rt, rrt
(forfeit) RR felT I 2 Rfft 3W/fe 5F2RT RR 31fe RT^FFT
3^ftt RFft fe R< 2ft | ^Rft ft 1,500 3jftf/feft Rft 7 Rfft
3nr/fe, 8 w RI 34: fftftfad RR fe TRH I
(ii) RRRT ft 10 5F?fe ft? 3,000 feftft/fttfef RR, ffe RT
3 W f 2ft, W
(forfeit) RR fen I 1 nfft 3T7r/fe ftft feta TF2R ftfe 'MNHI
3Tift RFft fe ni 2ft | fe ft, 2,000 3fe/feft Rft 9
3ftn/feR, 9 W 3?: fefe RR fel RRT I
3T2TRT
(tr) fe fefttg ft 4= io feta? ft? 60,000 feff/feft taft fftftfnRTF ftrfR
3Tfer 3RRfe ffe I ufft fen WK ft ft? sft :
37TfeF RI - 5 fe fe/fe
3jrfe rt - ^ifefe/fttai
wn fe aftfe ri-chi ri _ ftn
58,000 3T?rf/^Rfi % wi 3j^7[ i w^rt 300
2H, SIHdH TT^T MJldH fen OTT '500 3Rff/itw
r4t, 3THt WR1 3^T/^R nftr yRTH 3TTOH TT^T
fc^MI I sren/ifliift cR 3-11«idd rj<d E?<ul (forfeit) Rd-MI
W I H2RT 3ifdH -MNdl iTPft 3fk W I
crld^dl TRR 3d|c|^cb 5lW^n cblfau, I
W" 3Rc^ch KT, *3^vF qixHi i31fftR qMHI ^RTT’ isTlfclR I 6

67/3/1-13 Page 22 of 39
 24. On 1st April, 2022, Helloix Ltd. issued 10,000, 7% Debentures of T 500
each at a premium of 10%, redeemable at a premium of 5% after five
years. The company had a balance of T 1,50,000 in the ‘Securities
Premium Account’ before the issue.
(a) Pass necessary journal entries for issue of debentures and for
writing off ‘Loss on Issue of Debentures’ utilising Securities
Premium Account at the end of the first year itself.
(b) Prepare ‘Loss on Issue of Debentures Account’ for the year ended
31st March, 2023. 6

25. (a) Pass necessary journal entries for forfeiture and reissue of shares
in the following cases : 6
(i) Neon Ltd. forfeited 2,000 shares of T 10 each issued at a
premium of 2 per share for non-payment of allotment
money of ? 5 per share (including premium). The first
and final call of 2 per share was not yet made. Out of
these, 1,500 shares were reissued at 7 per share, 8 paid
up.
(ii) Mamta Ltd. forfeited 3,000 shares of 10 each on which the
first call of 3 per share was not received. The second and
final call of 1 per share was not yet called. Out of these,
2,000 shares were reissued at 9 per share, 9 paid up.
OR
(b) Sai Ltd. invited applications for issuing 60,000 shares of 10
each. The amount was payable as follows :
On application - 5 per share
On allotment - 1 per share
On first and final call - Balance
Applications were received for 58,000 shares. Raj at, the holder of
300 shares, did not pay allotment money and Usha, the holder of
500 shares, paid her entire share money along with allotment
money. Rajat’s shares were forfeited immediately after allotment.
First and final call was made afterwards and duly received.
Pass necessary journal entries for the above transactions.
Open ‘Calls-in-arrears’ and ‘Calls-in-advance’ Account, wherever
required. 6

67/3/1-13 Page 23 of 39 P.T.O.

1
 26. (a^) bw aaf fe kt^r aff asn 3 : 2 aqara wife an
fenwr afet <f 1 31 afe 2023 an naan feta few ffe wr ar :
31 hi4, 2023an asnaaf anfisrfafaaiur
offen Fdai
(^)

2,00,000

60,000
30,000
50,000 1,10,000 W 50,000

^4^ i fl ^rfcnjfif azr -fefe afe

20,000
ynaaia 5,000 45,000
1,20,000 itaw 25,000
50,000

3,00,000 3,00,000

1 sfer, 2023 fe wfe fef if i4 rrt fe man an Rm W arfen % wi 4

feferffer afe ai fe if fear fe an fefa Ria 1 :
(i) ■amr 40,000 w ? 20,000 wfa Tftfwr
■^r 3 di^O 1

(ii) wr ■Qci H^rinfl -er 1,90,000 ni fen w 1

(iii) 20,000 fefe if t
d?fl "jir [q1 fldd qR f^'Ml <5110, I

(iv) Hi fe fefe W TJ^ft 3TTw HT HI* fe

^Mid iflPl cTsn 5fll *ft fi-Ma fl<4>3 3qsrai 3^1 cm
afe 1
^rar aar Rifeifl fet feR fefe 1 6

3J2Icn

67/3/1-13 Page 24 of 39
F

26. (a) Sarah and Varsha were partners in a firm sharing profits
and losses in the ratio of 3 : 2. Their Balance Sheet as at
31st March, 2023 was as follows :
Balance Sheet of Sarah and Varsha as at 31st MLarch, 2023
Amount Amount
Liabilities Assets
(?) (?)

Capital: Plant and Machinery 2,00,000

Sarah 60,000 Stock 30,000

Varsha 50,000 1,10,000 Debtors 50,000

Workmen’s Less : Provision

Compensation Fund 20,000 for doubtful debts 5,000 45,000

Provident Fund 1,20,000 Cash 25,000

Creditors 50,000

3,00,000 3,00,000

On 1st April, 2023, they decided to admit Tasha as a new partner

for -th share in the profits of the firm on the following terms :
4
(i) Tasha brought 40,000 as her capital and 20,000 as her
share of premium for goodwill.
(ii) Plant and Machinery was valued at ^1,90,000.
(iii) An item of 20,000, included in creditors, is not likely to be
claimed and should be written off.
(iv) Capitals of the partners in the new firm are to be in the new
profit sharing ratio on the basis of Tasha’s capital, by
bringing or paying off cash, as the case may be.
Prepare Revaluation Account and Partners’ Capital Accounts. 6

OR

67/3/1-13 Page 25 of 39 P.T.O.

 i

(^) nnf 4 rfsn wnfen feNH

9:3:4% | 31 fe, 2023 %t fefa feon
Rh M«bH sn :

31 ^TTxf, 2023 %t ^7, %Fft rTSH efcfe cET feftt fe<U|

________ m (IL_
1,20,000
90,000
60,000
75,000 1,00,000
60,000
2,25,000 35,000

80,000
10,000

3,15,000 3,15,000

31 fe, 2023 %t ^fer ferfefe W? RT ■erf % ^fR^vi W:

(i) 5,000 % WH rf Id fed fen <d lUJ| I |
(ii) wft nfepifeff 96,000 fen W I

(iii) fen 29,000 fen TO I

(iv) fefe yraH cFR f^TT W |

(v) "rf %t toRt ^4 fed 80,000 fen to to wfa R rfro

% to ^n ^hiRi^h to rfrf % toR R fen to i
(vi) rfl TOR TOT dTX RtTOH 37JTO 3 : 2 ^n I

^Red %t <jcj|R^fe R7 ^rf %t JTcfe R 3dl<W<4> rfRRdrf

%tfe I 6

67/3/1-13 Page 26 of 39
r

(b) Inder, Jonny and Kapil were partners in a firm sharing profits
and losses in the ratio of 9 : 3 : 4. Their Balance Sheet as at
31st March, 2023 was as follows :

Balance Sheet of Inder, Jonny and Kapil as at 31st March, 2023

Amount Amount
Liabilities (^) Assets (^)

Capital: Fixed Assets 1,20,000

Inder 90,000 Stock 60,000

Jonny 75,000 Debtors 1,00,000

Kapil 60,000 2,25,000 Cash 35,000

General Reserve 80,000

Creditors 10,000
3,15,000 3,15,000

Kapil retired from the firm on 31st March, 2023 on the following
terms :
(i) Bad Debts amounting to 5,000 were to be written off.

(ii) Fixed Assets were revalued at 96,000.

(iii) Stock was undervalued by 29,000.

(iv) Creditors were paid off.

(v) Goodwill of the firm was valued at 80,000 and Kapil’s
share of goodwill was to be adjusted in the accounts of Inder
and Jonny.
(vi) New profit sharing ratio between Inder and Jonny was 3 : 2.
Pass the necessary journal entries in the books of the firm on
Kapil’s retirement. 6

67/3/1-13 Page 27 of 39 P.T.O.

 ^rn^r
IqctifrM - I

(fa-dN feleRufi oFT [c|^c*ImO|)

27. ^^4) ^T ^T-¥IRT 3qqR 3 : 2 t I PiHfdRsId ^T

vfw^F syyid ? 1
(A) 3W Hid
(B) WFRi RH fWR
(C) BHTTT 3^fi/^hRt ^T RJhd
(D) fl^g ynfu

28. I: ^(d^fd Isllcl WF ^R¥ 3^ft/Wn PlJW mR’JIIH

TRTg Sj-ddis ^TT I

H: Rcbld^’ mRuhM ^-ddlf? ^UlT I

3M ■ddH cPlfdQ, : 1
(A) IW II t I
(B) IW II TW f I
(C) I | (T^n ^2jR II ttw | |
(D) ^2R IWTI II | I

29. (^) Rnfolfed fc|cKuil cfc fciJ'AMUl’ ^TT^R/cR^fHi Idvfl'M

Wei Tim y-dldd mP^ii4f 5Kfr[ 3TR ¥^xT t ? 1
(A) ^ddkHd-) [dd^i

(B) ’HlHI-M 3WR fdd<U|

(C) WFo fdcHul

(D) SdjMId fcRcrhui

3T2Icn
(^) R^MlRd ■fej cFf^ oqc(<i|q q[t|fc|[^Rft W 3Ttl

f I 1
(A) ^?TT 3TjqT?T
(B) 3n^f srjw
(C) ajTRI 34^Mld
(D) dl^y<dl 34^Mld

67/3/1-13 Page 28 of 39
 PARTB
OPTION -1
(Analysis of Financial Statements)

27. The Debt-Equity Ratio of a company is 3 : 2. Which of the following

transactions will result in increase in this ratio ? 1
(A) Purchase of goods on credit
(B) Issue of Debentures
(C) Issue of Equity Shares
(D) Cash received from Debtors

28. Statement I: ‘Issue of fully paid bonus shares out of Securities

Premium Account’ will result in inflow of cash.
Statement II: ‘Cash withdrawn from bank’ will result in inflow of cash.
In the context of the above two statements, choose the correct option : 1
(A) Both statement I and statement II are correct
(B) Both statement I and statement II are incorrect
(C) Statement I is correct and statement II is incorrect
(D) Statement I is incorrect and statement II is correct

29. (a) Which of the following tools of ‘Analysis of Financial Statements’

indicate the trend and direction of financial position and operating
results ? 1
(A) Comparative statements
(B) Common size statements
(C) Cash flow analysis
(D) Ratio analysis
OR
(b) indicate the speed at which activities of the business
are being performed. 1
(A) Liquidity ratios
(B) Turnover ratios
(C) Solvency ratios
(D) Profitability ratios

67/3/1-13 Page 29 of 39 P.T.O.

30. (43) fin Id fed 4 4 444-4 4H-44 43T MfelW >14 Id-
1

(A) f^hft ftsSi 60,000 ynf^r

(B) w r 94,000 Tnfar
(C) 31,000 ?nw yrrfci
(D) 3,00,000 1x141 4^ ^imh

HSTcn

(14) f44k '44441 £EI dTWT 44 WTH’ 44 fedfefed 4 4 14^4

f434T 4fT4T 4 : 1

(A) Sldldd JlidId 1441

(B)
(C)
(D) T?4 11^

31. 44441 31141444, 2013 ^1 III, 4PT I 45 3-TJHR 14 *d Id fed 44! 44 4^Fft
4^ fidrfa iddid 4 g^r 4M44 44i 34-4IW44 (df4 440) 3 d^lT^d ^lf4g : 3
(4>) <sM4 3114chll
(14) ^<4 3fl<j|l<
(4) 31144 4I4T 31T4

32. IdHIdfed g44T fefel 41 I'M’ JIUHI 4^feu. : 3

(^)

1x141 22,00,000

10% 5,00,000
2,00,000
431 M^4ld 4fg oTHT 7,20,000

4^ 1,80,000

67/3/1-13 Page 30 of 39
30. (a) Which of the following transactions will result in cash flows from
operating activities ? 1
(A) Cash receipts from sale of investments 60,000
(B) Cash receipts from sale of goods 94,000
(C) Dividend received 31,000
(D) Payment of cash for purchase of fixed assets 3,00,000
OR
(b) ‘Dividend paid by a finance company’ is classified under which of
the following : 1
(A) Operating Activities
(B) Investing Activities
(C) Financing Activities
(D) Cash and Cash Equivalents

31. Classify the following items under major heads and sub-heads (if any) in
the Balance Sheet of the company as per Schedule III, Part I of the
Companies Act, 2013 : 3
(a) Mining Rights
(b) Loose Tools
(c) Income Received in Advance

32. From the following information, calculate ‘Return on Investment’: 3

Particulars (^)

Total Assets 22,00,000

10% Debentures 5,00,000
Current Liabilities 2,00,000
Net Profit After Tax 7,20,000
Tax 1,80,000

67/3/1-13 Page 31 of 39 P.T.O.

33. (^) 31 2023 IWa $ 3<rHlrRd->
4
31 JTTxf, 2023 '3FT fefif ft WI
31.3.2023 31.3.2022
f^r-n (^) (^)

I - 44MdI : r
1. 3^1w /iWTRa?
(■a>) TJjft 15,00,000 12,00,000
2.
(a>) ({iJcbldlH atul 10,00,000 5,00,000
3.
(cf>) oMHlfbh 1,00,000 3,00,000
26,00,000 20,00,000
II-UHUUlttMl :
1.
(cf) MfWMFd'MT/^fa,
*r4a 3'-i<=h<ui Tjsn 3^
20,00,000 15,00,000
2.
(a>) Tafaar (^ra^) 1,50,000 1,00,000
(7a) oaiMlftcb MM 4,50,000 4,00,000
26,00,000 20,00,000

3JWT
(H) fdHfdfeld 3 cl4 WRlft 31 2022 31 W?, 2023 1^
aa srranT wr ^tr : 4
faara 31.3.2023 ‘31.3.2022
M-dldd 3WT () - 25,00,000 20,00,000
dM'dPl T[^ <41Hill
anaa (^) 8,00,000 6,00,000
4>4-dlfl ftddia WT (^) 4,00,000 4,00 000
3rra aa ai % 20 30

67/3/1-13 Page 32 of 39
r

33. (a) From the following Balance Sheet of Hira Ltd. as at 31st March,
2023, prepare Comparative Balance Sheet: 4

Balance Sheet of Hira Ltd. as at 31st March, 2023

Note 31.3.2023 31.3.2022
Particulars
no. (^) (^)
I - Equity and Liabilities :
1. Shareholders’ Funds
(a) Share Capital 15,00,000 12,00,000
2. Non-Current Liabilities
(a) Long-term Borrowings 10,00,000 5,00,000
3. Current Liabilities
(a) Trade Payables 1,00,000 3,00,000
Total 26,00,000 20,00,000
II - Assets :
1. Non-Current Assets
(a) Fixed Assets/Property,
Plant and Equipment and
Intangible Assets 20,00,000 15,00,000
2. Current Assets
(a) Inventories 1,50,000 1,00,000
(b) Trade Receivables 4,50,000 4,00,000
Total 26,00,000 20,00,000
OR
(b) From the following information of NK Ltd., prepare a Common
Size Statement of Profit and Loss for the years ended 31st March,
2022 and 31st March, 2023 : 4

Particulars 31.3.2023 31.3.2022

Revenue from Operations (^) 25,00,000 20,00,000

Cost of Materials Consumed () 8,00,000 6,00,000

Employee Benefit Expenses () 4,00,000 4,00,000

Income Tax Rate % 20 30

67/3/1-13 Page 33 of 39 P.T.O.

34. RT 4l[dftfWt TtRTg Wi?’ PHI 4>)Fj1Q, : 6
31 RT^, 2023 31 RT^, 2022
fc|cK<J|
m_ ___(I)
W WtRft 4,10,000 3,0C ,000
^241 id 1,80,000 80,000
wfoftrh ^RT :
(R>) "OR dPId 85,000 15,000 XH
felT RTT |) 62,000 ft fe ni I Rfe fe 48,000 Rn
ddl’MI W I
(^) ■^RT "(clrfl'M JIfdIMWt 3JW’ RO :
2__________________ _____________ 1___________________
31RT^, 2023 31 RT^, 2022
fc|c|<U|
JI)___ (^)
RR7TT Slfefel J^ft 15,00,000 10,00,000
90,000 1,20,000
ftR ft RTR 7,00,000 6,00,000
^fldllxh ^RT:
(i) ftR nRF 60,000 ft> W^I R>T yjldM fen W I
(ii) 1,10,000ft> RTWT RT yjldM fen W I

fclchrM - II

27. ftft ftift-<fe< ^tffe RSIT HWT Rife ft> Ife 3M^rh ft (T2TT Ife
^ddl Rnifeft ftj KR ftUl nn -H<+>dl ft I 1
(A) [ftiW (B) 'dlftld
(C) (D) (B)W(C)fei .
28. (^) ill’+> ft idiftR 3I3ft R ftft ftn "dft <+fe ft : 1
(A)
(B) 1W
(C)
(D) cdTd
3T2T^T

67/3/1-13 Page 34 of 39
I
34. Calculate ‘Cash Flows from Investing Activities’ from the following
information : 6
31st March, 2023 31st March, 2022
Particulars
, (^)
Plant and Machinery 4,10,000 3,00,000
Goodwill 1,80,000 80,000
Additional Information :
(a) A machine costing 85,000 (depreciation provided thereon
15,000) was sold for 62,000. Depreciation charged during the
year amounted to 48,000.
(b) Calculate ‘Cash Flows From Financing Activities’ from the
following information :
31st March, 2023 31st March, 2022
Particulars
(^) (n
Equity Share Capital 15,00,000 10,00,000
Bank Overdraft 90,000 1,20,000
Loan from bank 7,00,000 6,00,000
Additional Information :
(i) Interest paid on bank loan amounted to 60,000.
(ii) Dividend paid 1,10,000.

PARTB
OPTION - II
(Computerised Accounting)
27. Identify the type of software which is suited for large and medium
organisations and can be linked to other information systems. 1
(A) Specific (B) Generic
(C) Tailored (D) Both (B) and (C)
28. (a) In a graph, the area bounded by different axes is known as : 1
(A) Legend
(B) Data point
(C) Axis title
(D) Plot area
OR

67/3/1-13 Page 35 of 39 P.T.O.

 <

(^) Wi fW gg PiHldfisitf 4 ^TtH-HT f^fel ^fal t ? 1

(A) wt (^b^M
(B) Mfbllfad RTR
(C) WHT
(D) g^5 3tWw
I
29. Rfrb 'S -fid RT 'd A f, Kt 4dW % 3tfrFR
W <i-c| ifdd fcb^l Id I t ? 1
(A) ■^TR + rfk (—*)
(B) 3iR + ^rf^rr ?fk (—>) shftch
(C) i + <lfirll ?fk (—►)
(D) <ft 3tr igr lot

30. (^) ^k-^ft Wi w wi <t Wi w wi gg?

^TdT | ? 1
(A) Today() (B) Day( )
(C) Now() (D) Day time()
ajsrar
(^) ^4<+>ji[^idl’M ciisjicb aismr rr mRuiir w ob^didi t ? 1
(A) 3TIW g^T (B) <lfel (cHd<)
(C) o^rMH g^I (D) ^fcR (^hzr)

31. <J>d Wfrft fcRtadiatf W R S^T■^fWT W Rq<iy|’ 3ffr

^fgcTT W nfcl’ I 3

32. McbHd ^>l4 ^>1 ^TT 3m4|jI

t? 3
33. (^) 31fad->ldd Mullrfl ^t gW fd^Hdlsff tj "mi-Hc|~i ■gw’ ’nsn
^ZT 3T^^FT’ ^t I 4
3T2Tcn

(^) sirbsi i4i^tiui w t ? w fgg Rg slNh^ 3TTWTr fw chj^.g

(dflcbt) WTtR f^RTT WI | ? 4

67/3/1-13 Page 36 of 39
 (b) Which of the following is not contained on formula tab on Excel
ribbon ? 1
(A) Function library
(B) Defined names
(C) Calculations
(D) Page layout
29. How is navigation conducted from the first to the last filled cells of
clusters when moving one cell at a time in a row ? 1
(A) Home + Right arrow (—>)
(B) CTRL + Right arrow (—>) successively
(C) END + Right arrow (—>)
(D) CTRL + END
30. (a) Which Date and Time function returns value of today’s date with
time ? 1
(A) Today( ) (B) Day()
(C) Now() (D) Day time()
OR
(b) What is the outcome of an arithmetic expression or function
called ? 1
(A) Basic Value (B) Vertical Vector
(C) Derived Value (D) Horizontal Vector
31. Explain ‘Transparency and Control’ and ‘Accuracy and Speed’ as features
of Computerised Accounting System. 3

32. State the parameters of Excel’s PMT function. What is the use of this
function ? 3

33. (a) Explain ‘Password Security’ and ‘Data Audit’ as security features
of Computerised Accounting System. 4

OR
(b) What is Data formatting ? What tools are used to format a given
data ? 4

67/3/1-13 Page 37 of 39 P.T.O.

34. G3 e
^Tell me whatyo
FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW

&Cut
■ J Hj=l Copy ’■
I Cafibri ___ ’Jll - A* a’ Pmb ’ J §*' Wrap Text

Paste
T
*
Format Painter |
b i y • I s - I 5»-A- I JsU Merge & Center ’
Clipboard ___ Ql _ Font Alignment Q

Bll i . .c zz s
I
FT*?
A B D E F
RTrffa
1 sFR ¥.
21-22^^1 23 - 24 3
I
2 1 50 60
3 2 ^d<T 20 40
4 3 60 80
5 4 40 80
6 5 53 60

I
9
6
7
_____ I______
40
58
45
60

■wt! cF^TT ^Rur

WT : 6
(i) = eft («ftl, sft4 : ^t6, 2, 0)
(ii) = ^3JR (eft FT'FOT (tft2, Kt2 : ^8, 2, 0) 100)
(iii) = =ft (^5, «ft6 : ^8, 1, 0)
(iv) = 41 (<3,4(2: 4te, 5, o)
(v) = eft gsFW (4(5, 4(3 : 4(8, 0, 0)
(vi) = 4( (4(2, 4(2 : 4(7, 2, 0)/0

67/3/1-13 Page 38 of 39
34. ® B 'b ’ c* ’ -
FILE B HOME ' INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Tell me what yo
Cut
Calibri ’11 • A" A* | g^'Wrap Text ’ “ 11 i®
Copy ’■
Paste I U ’ | ffl ’ ’ A ’ | ® S | O Merge &. Center * I
Format Painter
B

Clipboard rsl Font Alignment QI

Bll

A f
• x I zzz
D c E F
1 S. No. Consumables Price in FY Price in FY
21-22 23-24
2 1 Apple 50 60
3 2 Orange 20 40
4 3 Banana 60 80
5 4 Lemon 40 80
6 5 Milk 53 60
7 6 Bread 40 45
8 7 Egg 58 60
9

Using the worksheet, find out the error and its reason for the given
syntax: 6
(i) = VLOOKUP (Bl, B4 : D6, 2, 0)
(ii) = SQRT (VLOOKUP (C2, C2 : D8, 2, 0) - 100)
(iii) = VLOOKUP (B5, B6 : D8, 1, 0)
(iv) = VLOOKUP (B3, B2 : D8, 5, 0)
(v) = VLOOKUP (B5, B3 : D8, 0, 0)
(vi) = VLOOKUP (B2, B2 : D7, 2, 0) / 0

67/3/1-13 Page 39 of 39
I