8294 PDF

CE
2015
PD
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CO B L
PY ICA
RI TI
GH ON
T S
NO.1
SS
Rajeev Bansal 's
100%
RE S U
C
SU
Strictly according to the latest syllabus prescribed by

Central Board of Secondary Education (CBSE), Delhi
and
Other State Boards & Navodaya, Kendriya Vidyalayas etc.
following CBSE curriculum based on NCERT guidelines.
M ODEL P APER
(QUESTION-ANSWER WITH MARKING SCHEME)
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ACCOUNTANCY
Class XII
CHAPTERWISE
UESTION
SB
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With Solutions
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Printing and Publishing rights with the Publisher.

The material in this publication is copyrighted. No part of this text may be reproduced or
copied in any form or by any means without the written permission of the publisher. Breach of this
condition is liable for legal action.
Book Code : 8294
ISBN : 978-93-5167-999-8
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Note : Due care and diligence has been taken while editing and printing the text, the editor,
co-ordinator and the publisher of the text hold no responsibility for any mistake that may
have inadvertently crept in.
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[Accounting for Not-for-Profit Organisations]
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[Accounting for Partnership Firms : Basic Concepts]

3.
[Reconstitution of PartnershipChange in Profit-Sharing Ratio among the

Existing Partners]
4.
[Goodwill : Meaning, Nature, Factors Affecting and Methods of Valuation]

5.
[Reconstitution of Partnership : Admission of a Partner]

6.
[Reconstitution of Partnership : Retirement of a Partner]

7.
[Reconstitution of PartnershipDeath of a Partner]

8.
[Dissolution of a Partnership Firm]

9.
[Issue, Forfeiture and Re-Issue of Shares]

10.
[Issue of Debentures]
11.
[Redemption of Debentures]
12.
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97107
[Financial Statements of a Company]

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[Financial Analysis]
14.
[Tools of Financial Analysis]

15.
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125134
[Cash Flow Statement]
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124
[Model Paper : Set 14]
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[Board Examination Paper]
(i)
xSj&ykHkdkjh laxBuksa@xSj&O;kikfjd
laLFkkvksa dk ys[kkadu
[ACCOUNTING FOR NOT-FOR-PROFIT ORGANISATIONS]
7.
Hkkx (v) % oLrqfu"B iz'u
olh;r dks ekuuk pkfg, (Legacies should be treated as) :

(J.A.C., 2014)
(Objective Type Questions)

12345678901234567
cgqfodYih; iz'u (Multiple Choice Questions) 12345678901234567
funsZ'kfuEufyf[kr iz'uksa esa pkj fodYi gSa] ftuesa ls ,d fodYi lgh

gSA lgh fodYi dk pquko djsa ,oa mkj&i= esa fpfr djsa %
Instruction : In the following questions there are four
options of which only one is correct. You have to choose
the correct option and mark in the answer sheet :
1. vk;&O;; [kkrk gksrk gS (Income and Expenditure Account
is) :
(a) O;fxr [kkrk (Personal Account)
(b) okLrfod [kkrk (Real Account)
(c) ukeek= [kkrk (Nominal Account)
(d) buesa ls dksbZ ug (None of these)
2. ,d Dyc }kjk izkIr vkthou lnL;rk 'kqYd dks fn[kk;k tkrk gS (Life
Membership Fees received by a club is shown in) :
(B.S.E.B., 2009, 10, 11)
(a) vk;&O;; [kkrs esa (In Income & Expenditure A/c)
(b) vkfFkZd fpV~Bk esa (In Balance Sheet)
(c) ykHk&gkfu [kkrk esa (In Profit and Loss A/c)
(d) buesa ls fdlh esa Hkh ug (None of these)
3. izkfIr vkSj Hkqxrku [kkrk gS (Receipts and Payments Account
is a) :
(J.A.C., 2014)
4. vk;&O;; [kkrk cuk;k tkrk gS (Income and Expenditure Account is prepared) :
(a) O;kolkf;d laLFkku }kjk (By Business Organisation)
(b) vkS|ksfxd laLFkku }kjk (By Industrial Organisation)
(c) ykHk u dekus okyh la L Fkk }kjk (By Not-for-Profit
Organisation)
(d) lHkh laLFkkuksa }kjk (By All Organisations)
5. lfpo dks ekuns; dk Hkqxrku gS (Payment of honorarium to
secretary is treated as) :
(B.S.E.B., 2013)
(a) iwthxr O;; (Capital expenditure)
(b) vk;xr O;; (Revenue expenditure)
(c) uxn O;; (Cash expenses)
6. cdk;k pUnk gS (Outstanding subscription is a) :
(B.S.E.B., 2013)
(a) vk; (Income)
(b) lEifk (Asset)
(c) nkf;Ro (Liability)
(d) buesa ls dksbZ ugha (None of these)
nkf;Ro (A Liability)
iwthxr izkfIr (A Capital Receipt)
vk;xr izkfIr (A Revenue Receipt)
8. xSj&O;kikfjd laLFkkvksa esa ns;rkvksa ij ifjlEifk;ksa osG vkf/kD; dks
dgrs g (The excess of assets over liabilities in non(a)
(b)
(c)
9.
10.
11.
12.
13.
14.
trading concerns is termed as) :

(B.S.E.B., 2010)
(a) iwth fuf/k (Capital Fund)
(b) iwt
h (Capital)
(c) ykHk (Profit)
(d) 'kq ykHk (Net Profit)
,d xSj&O;kikfjd laLFkk osG fy, ekuns; gksrk gS (For a non-trading concern, honorarium is) :
(B.S.E.B., 2011)
(b) ifjlEifk (An Asset)
(a) vk; (An Income)
(c) O;; (An Expense)
;fn Li"Vr;k oqGN u fn;k gks] rks izos'k 'kqYd dks ekuk tkrk gS (Entrance fees, unless otherwise stated, is treated as) :
(a) iwthxr izkfIr (A Capital Receipt)
(b) vk;xr vk; (A Revenue Income)
(c) ns;rk (A Liability)
fof'k"V nku gS (Specific donation is)
(a) iwthxr izkfIr (Capital Receipt)
(b) vk;xr izkfIr (Revenue Receipt)
(c) lEifk (Asset)
vk;&O;; [kkrk esa ys[kk fd;k tkrk gS (Income and Expenditure Account records)
(a) iwthxr enksa dk (Capital items)
(b) vk;xr enksa dk (Revenue items)
(c) a ,oa b nksuksa dk (a and b both)
,d Dyc }kjk izkIr vkthou lnL;rk 'kqYd gS (Life membership fee received by a club is)
(a) vk;xr izkfIr (Revenue Receipt)
(b) iwthxr izkfIr (Capital Receipt)
(c) a ,oa b nksuksa (a and b both)
iwthxr izfr dh lHkh izkfIr;k fn[kkbZ tkrh gSa (All receipts of
capital nature are shown in)
(a) vk;&O;; [kkrk esa (Income and Expenditure A/c)
(b) fLFkfr&fooj.k esa (Balance Sheet)
(c) ykHk&gkfu [kkrk esa (P. & L. A/c)
Rajeevs Model Paper ys[kk'kkL= (XII)
2
15.
vk;xr izfr dh lHkh ensa fn[kkbZ tkrh gSa (All items of revenue
in nature are shown in)
(a) vk;&O;; [kkrk esa (Income and Expenditure A/c)
(b) fLFkfr fooj.k esa (Balance Sheet)
(c) a rFkk b nksuksa
esa (a and b both)

16. fuEu esa ls dkSu&lk vykHkdkjh laxBu ugha gS (Which of the following is not a not-for-profit organisation)
(a) Ldwy (School)
(b) vLirky (Hospital)
(c) Dyc (Club)
(d) lk>snkjh QeZ (Partnership Firm)
17.
,d Dyc }kjk izkIr vfxze pUns dks fps ds --------- i{k esa fn[kk;k
tkrk gS (Subscriptions received in advance by a club are
shown on .......... side of the Balance Sheet)
(a) lEifk i{k (Assets Side)
(b) nkf;Ro i{k (Liabilities Side)
(c) MsfcV i{k (Debit Side)
(d) sfMV i{k (Credit Side)
18.
fuEu esa ls dkSu vk; ug gS (Which of the following is not an

income)
(a) pUnk (Subscription)
(b) nku (Donation)
(c) fVdV dh fch (Sale of Ticket)
(d) ,.Mkses.V fuf/k (Endowment Fund)
19.
xSj&O;kikfjd laLFkku esa vf/kd ysu&nsu gksrs g (Most transactions

in non-trading concerns are)
(a) udn (Cash)
(b) m/kkj (Credit)
(c) (a) vkSj (b) nksuksa (Both (a) and (b))
(d) buesa
ls dksbZ ugha (None of these)

20. ykHk u dekus okyh laLFkk dk eq[; ms'; gksrk gS (The main object
of non-profit organization is)
(a) ykHk dekuk (To earn the Profit)
(b) lekt
dh lsok djuk (To Serve the Society)

(c) ykHk&gkfu [kkrk rS;kj djuk (To Prepare Profit & Loss A/c)
(d) mijksDr lHkh (All the above)
21. ,d laLFkk }kjk izkIr pUnk gS (Subscription received by an
organisation is)
(a) iwthxr izkfIr (Capital Receipt)
(b) vk;xr izkfIr (Revenue Receipt)
(c) a ,oa b nksuksa (Both a and b)
(d) mijksDr
esa ls dksbZ Hkh ugha (None of the above)

22. izkfIr ,oa Hkqxrku [kkrk lkjka'k gS (Receipts and Payments A/c
is a summary of)
(a) leLr iwthxr izkfIr
and Payments)
,oa Hkqxrkuksa dk (All Capital Receipts
(b)
leLr vk;xr izkfIr ,oa Hkqxrkuksa dk (All Revenue Receipts and Payments)
(c)
leLr vk;xr ,oa iwthxr izkfIr ,oa Hkqxrkuksa dk (All Revenue and Capital Receipts and Payments)
(d) mijksDr esa ls dksbZ ugha (None of the above)
23. o"kZ osG nkSjku izkIr pUnk ` 50,000; o"kZ osG vUr esa vnk pUnk ` 8,000;
o"kZ osG izkjEHk esa vnk pUnk ` 6,000A pUnksa ls izkIr 'kq vk; gksxh
(Subscription received during the year ` 50,000; Subscriptions outstanding at the end of the year ` 8,000;
Subscription outstanding at the beginning of the year
` 6,000. Net Income from subscription will be)
(a) ` 48,000
(b) ` 64,000
(c) ` 52,000
(d) ` 36,000
24. o"kZ osG nkSjku izkIr pUnk ` 1,80,000; o"kZ osG vUr esa vnk pUnk
` 20,000; o"kZ osG vUr esa izkIr vfxze pUnk ` 10,000A vk; rFkk O;;
[kkrs esa sfMV dh tkus okyh pUns dh jkf'k gksxh (Subscription
received during the year ` 1,80,000; Subscriptions
outstanding at the end of the year ` 20,000; Subscriptions received in advance at the end of the year
` 10,000. The amount of subscription to be credited to
Income and Expenditure account will be)
(a) ` 2,10,000
(b) ` 1,90,000
(c) ` 1,70,000
(d) ` 2,00,000
25. ;fn fof'k"V dks"k la/kkfjr gksrk gS vkSj ;fn O;; jkf'k fof'k"V dks"k dh
dqy jkf'k ls vf/kd gks rks 'ks"k O;;ksa dks fy[kk tkuk pkfg, (In case
specific fund is maintained, the expenses exceeding
the amount of the funds, should be recorded on)
(a) vkfFkZd fpV~Bk osG nkf;Ro i{k esa (Liabilities Side of the
Balance Sheet)
(b) vk;&O;; [kkrs osG MsfcV i{k esa (Debit side of the Income
and Expenditure Account)
(c) vk;&O;; [kkrs osG sfMV i{k esa (Credit Side of the Income and Expenditure Account)
(d) fLFkfr fooj.k osG lEifk i{k esa (Assets Side of the Balance Sheet)
26. miHkksxtU; enksa dh fch ls lHkh izkfIr;ksa dks ekuk tkrk gS (All receipts from sale of consumable items are treated as)
(a) iwthxr izkfIr;k (Capital Receipts)
(b) vk;xr izkfIr;ka (Revenue Receipts)
(c) a vkSj b nksuksa (Both a and b)
27. o"kZ osG nkSjku izkIr pUns dh jkf'k ` 5,000 gS] vxys o"kZ osG fy, vfxze
izkIr jkf'k ` 300 gSA pkyw o"kZ osG fy, vnk jkf'k ` 400 gSA vk;&O;;
[kkrs esa pUns osG fy, sfMV dh tkus okyh jkf'k gS (Subscriptions
received in cash during the year ` 5,000, Amount received in advance for the next year is ` 300. Amount
outstanding for current year was ` 400. The amount
to be credited to the Income and Expenditure Account
is)
(a) ` 4,000
(b) ` 5,100
(c) ` 4,200
(d) ` 4,600
28. ;fn vk; ` 16,000 gS vkSj iwth dks"k esa MsfcV dh xbZ deh ` 4,300 gS
rks O;; gS (If income is ` 16,000 and deficit debited to
capital fund is ` 4,300, then expenditure is)
xSj&ykHkdkjh laxBuksa@xSj&O;kikfjd laLFkkvksa dk ys[kkadu

3
(a) ` 16,000
(b) ` 4,300
(c) iwth dks"k (Capital Fund)
(c) ` 20,300
(d) 'kq ykHk@gkfu (Net Profit/Loss)
33. fo'ks"k ms'; osG fy, izkIr nku fn[kkbZ tk;sxh (Donation received
for specific objective will be shown)
29. vk; o O;; [kkrk dk 'ks"k a a a a a a a a a a a a n'kkZrk gS (Balance of Income
and Expenditure Account shows)
(a) vk;&O;; [kkrs esa (In Income and Expenditure A/c)
(b) fps osG nkf;Ro i{k esa (On Liability side of B/S)
(a) gLrLFk jksdM+ (Cash in hand)
(c) fps osG lEifk i{k esa (On Assets side of B/S)
(b) iwth dks"k (Capital Fund)
(c) 'kq vk; (Net Profit)
ykHk u dekus okyh laLFkkvksa esa O;; dh vk; ij vf/kdrk dks dgk tkrk
34.
(d) O;; ij vk; dh vf/kdrk ;k foykserk (Excess of Income
gS (In not-for-profit organisations, exess of expenditure
over Expenditure or Vice Versa)
over income is called)
30. e`r O;fDr dh olh;r ls izkIr lEifk dks dgk tkrk gS (Property
(a) gkfu (Loss)
(b) ykHk (Profit)
received as a result of the will of the deceased person
deh@?kkVk
(Deficit)
(d)
vf/k'ks"k (Surplus)
(c)
is called)
[
mkj
%
1.
(c),
2.
(b),
3.
(b),
4.
(c), 5. (b), 6. (b), 7. (b),
(a) fjDFk (Legacy)
(b) ekuns; (Honorarium)
8. (a), 9. (c), 10. (b), 11. (a)] 12. (b)] 13. (b)] 14. (b)]
(c) nku (Donation)
(d) pUnk (Subscription)
15. (a), 16. (d)] 17. (b)] 18. (d)] 19. (a)] 20. (b),
31. izkfIr ,oa Hkqxrku [kkrk lkekU;r;k n'kkZrk gS (Receipts and Pay21. (b), 22. (c), 23. (c), 24. (b), 25. (b), 26. (b),
ments Account usually indicates)
(a) vkf/kD; (Surplus)
(b) iwth dks"k (Capital Fund)
(c) MsfcV 'ks"k (Debit Balance)
(d) sfMV 'ks"k (Credit Balance)
32. vk; rFkk O;; [kkrk fn[kkrk gS (Income and Expenditure Account generally indicates)
(a) vkf/kD;@?kkVk (Surplus/Deficit)
(b) jksdM+ 'ks"k (Cash Balance)
mkj
vUrj dk vk/kkj
1.
vk/kkj
2. izfof"V;k
3. vof/k
4. laLFkk,
27. (b), 28. (c), 29. (d), 30. (a), 31. (c), 32. (a),
33. (b), 34. (c)]
Hkkx (c) % xSj&oLrqfu"B iz'u

(Non-Objective Type Questions)
12345678901234
y?kq mkjh; iz'u (Short Answer Type Questions)12345678901234
iz'u 1. izkfIr ,oa Hkqxrku [kkrk vkSj jksdM+ cgh eas vUrj crkb,A
(Distinguish between Receipts and Payments Account and
Cash Book.)
izkfIr ,oa Hkqxrku [kkrk vkSj jksdM+ cgh esa vUrj

izkfIr ,oa Hkqxrku [kkrk
bldk vk/kkj jksdM+ cgh gSA
blesa fof/kokj izfof"V;k ugha dh tkrh gSaA
bls ys[kkadu vof/k osG vUr esa rS;kj fd;k tkrk gSA
bls vykHkdkjh laLFkkvksa }kjk rS;kj fd;k tkrk gSA
iz'u 2. izkfIr ,oa Hkqxrku [kkrk dh pkj fo'ks"krkvksa dks crkb,A (State
four characteristics of Receipts and Payment Account.)
(B.S.E.B., 2014)
mkj(1) izfrjksdM+ cgh dk lkjka'k gksus osG dkj.k ;g ,d okLrfod
[kkrk gSA
jksdM+ cgh
bldk vk/kkj udn izkfIr;k vkSj udn Hkqxrku gSA
blesa frfFkokj izfof"V;k dh tkrh gSaA
bls nSfud vk/kkj ij rS;kj fd;k tkrk gSA
bls ykHkdkjh vkSj xSj&ykHkdkjh nksuksa laLFkkvksa }kjk rS;kj fd;k
tkrk gSA
iz'u 3. vk;&O;; [kkrk dh pkj fo'ks"krkvksa dks crkb,A (State
four characteristics of Income and Expenditure Account.)
mkj(1) ;g ,d uke&ek= [kkrk gSA
(2) bl [kkrs esa osGoy vk;xr enksa dks fy[kk tkrk gS] iwthxr enksa dks ughaA
(3) blesa osGoy pkyw o"kZ osG gh vk; ,oa O;; fy[ks tkrs gSaA xr o"kZ ;k
MsfcV i{kbleas vk;xr vkSj iwthxr izkfIr;ksa dks MsfcV i{k esa vkxkeh o"kks ls lEcfU/kr vk;&O;;ksa dks blesa ugha fy[kk tkrk gSA
(4) bl [kkrs dk 'ks"k ^vkf/kD;* ;k ^deh* dks izdV djrk gSA
fy[kk tkrk gSA
iz'u 4. izkfIr ,oa Hkqxrku [kkrk rFkk vk;&O;; [kkrk esa vUrj crkb,A
(3) sfMV i{kblosG sfMV i{k esa lHkh vk;xr ,oa iwthxr Hkqxrkuksa
(Distinguish between Receipts and Payment Account and
dks fy[kk tkrk gSA
Income and Expenditure Account.)
(4) xSj&jksdM+ enblesa fdlh Hkh xSj&jksdM+ enksa dks ugha fy[kk tkrk gSA
mkj
izkfIr ,oa Hkqxrku [kkrk rFkk vk;&O;; [kkrk esa vUrj
(2)
vUrj dk vk/kkj
1.
2.
3.
[kkrs dh izfr ;g okLrfod [kkrk gSA

izkjEHk
;g [kkrk izkjfEHkd jksdM+ vkSj cSad 'ks"k ls izkjEHk gksrk gSA
vfUre 'ks"k
bldk vfUre jksdM+ gkFk esa ;k cSad esa ;k cSad vf/kfod"kZ
gksrk gSA
4. vkfFkZd fpk
bl [kkrs osG lkFk vkfFkZd fpk dk gksuk vko';d ugha gSA
vk;&O;; [kkrk
;g uke&ek= [kkrk gSA
;g fdlh izkjfEHkd 'ks"k ls izkjEHk ugha gksrk gSA
bl [kkrs dk vfUre ifj.kke vkf/kD; ;k deh dks crkrk gSA
bl [kkrs osG lkFk&lkFk vkfFkZd fpk Hkh rS;kj fd;k tkrk gSA
iz'u 5. dks"k vk/kkfjr ys[kkadu D;k gS\ (What is Fund-based

Accounting ?)
mkjdks"k vk/kkfjr ys[kkadu iqLrikyu dh ,d rduhd gSA blesa fdlh
fo'ks"k dk;Z osG fy, fn, x;s nku dks nsus okyksa dh vis{kkvksa dks iwjk djus osG
fy, lEifk] nkf;Ro] vk; vkSj O;; osG fy, vyx&vyx iqLrdksa dk lsV rS;kj
fd;k tkrk gSA nwljs 'kCnksa esa] blosG vUrxZr vykHkdkjh laLFkkvksa }kjk fo'ks"k
ms';ksa dh iwfrZ osG fy, vyx&vyx dks"kksa dk fuekZ.k fd;k tkrk gS] tSls[ksy
dks"k] nku dks"k] iqjLdkj dks"k] Hkou dks"k bR;kfnA lk/kkj.kr% bl dks"k dh
jkf'k dks fuos'k dj fn;k tkrk gS vkSj bl fuos'k ls izkIr C;kt ;k ykHkka'k dks
iqu% blh dks"k esa tksM+ fn;k tkrk gSA
iz'u 6. dks"k vk/kkfjr ys[kkadu dh pkj fo'ks"krkvksa dks crkb,A

(State four characteristics of Fund-based Accounting.)
mkj(1) dks"k vk/kkfjr ys[kkadu esa izR;sd dks"k osG fy, iqLrdkas dk
,d lsV cuk;k tkrk gSA

(2) ;fn laLFkk dksbZ ,slk dks"k izkIr djrh gS ftlosG iz;ksx esa oqGN dkuwuh
izfrcU/k gS rks mls blosG fy, ,d izfrcfU/kr dks"k dh LFkkiuk djuh iM+rh gSA
(3) vykHkdkjh laLFkkvksa osG fok esa oqGN ,sls vuqnku vkSj va'knku lfEefyr
gksrs gSa ftuosG lkFk oqGN 'krs yxh gksrh gSaA vr% budk mi;ksx funsZ'kkuqlkj fd;k
tkrk gS] u fd bPNkuqlkjA
(4) ,sls dks"k osG fuos'k ls tks C;kt ;k ykHkka'k dh izkfIr gksrh gS mls
lEcfUkr dks"k esa sfMV fd;k tkrk gS] u fd vk;&O;; [kkrk esaA
iz'u 7. pkyw o"kZ osG pUnk dh x.kuk djrs le; mu enksa dks crkb, tks tksM+k ;k ?kVk;k tk;sxkA (Mention items to be added or deducted
while calculating subscription of the current year.)
ys[kkadu o"kZ osG fy, pUns (Subscription) dh jkf'k dh x.kuk
mkj
fooj.k
jkf'k
(Particulars)
(Amount)
`
o"kZ osG nkSjku izkIr pUnk (Subscription received during the year)
(+) o"kZ osG vUr esa vnk pUnk (Subcription Outstanding at the end of the year) pkyw o"kZ ls lEcfUkr
(+) izkjfEHkd vfxze@iwoZnk pUnk (Opening Advance/Prepaid Subscription)
()
()
o"kZ osG izkjEHk esa vnk pUnk (Subscription Outstanding at the beginning of the year)
o"kZ osG vUr esa izkIr vfxze pUnk (Subscription received in advance at the end of the year)
vkxkeh o"kZ ls lEcfU/kr
pUns ls izkIr 'kq jkf'k ftls vk;&O;; [kkrs esa fn[kk;k tkuk gS vFkkZr~ ozsGfMV fd;k tkuk gS
......
......
......
......
......
......
......
......
......
iz'u 8. ,d gSYFk Dyc dh jksdM+ iqLrd ls fy;s x;s fuEu fooj.kksa }kjk izkfIr ,oa Hkqxrku [kkrk rS;kj dhft, (From the following
particulars taken from the Cash Book of a Health Club, prepare a Receipts and Payments Account) :
`
vkjfEHkd 'ks"k (Opening Balance)
gLrLFk jksdM+ (Cash in hand)
5,000
cSad jksdM+ (Cash at Bank)
25,000
pUnk (Subscription)
1,65,000
nku (Donations)
35,000
fofu;ksx ; (Investment Purchased)
80,000
fdjk;k Hkqxrku (Rent Paid)
20,000
lkekU; O;; (General Expenses)
21,500
Mkd ,oa LVs'kujh O;; (Postage and Stationery Expenses)
2,000
dksfj;j O;; (Courier Charges)
1,000
fofo/k O;; (Sundry Expenses)
2,500
vfUre gLrLFk jksdM+ (Closing Cash in hand)
12,000
Solution :
IN THE BOOKS OF HEALTH CLUB
Dr.
Receipts and Payments Account
Cr.
Receipts
Amount
Payments
To Balance b/d :
Cash in hand
Cash at bank
To Subscription
To Donations
5,000
25,000
1,65,000
35,000
Amount
`
By Purchase of Investments
By Rent paid
By General Expenses
By Postage and Stationery Exp.
By Courier Charges
80,000
20,000
21,500
2,000
1,000

By Sundry Expenses
By Balance c/d :
Cash in hand
Cash at Bank (Bal. fig.)
2,30,000
5
2,500
12,000
91,000
2,30,000
iz'u 9. fuEu lwpuk ls vk; rFkk O;; [kkrk cukb, (From the following information, prepare Income and Expenditure
Account) :
pUnksa ls vk; (Income from Subscriptions)

osru fn;k (Salary Paid)
o"kZ osG vUr esa vnk osru (Outstanding Salary at the end of the year)
NikbZ ,oa ys[ku lkexzh (Printing and Stationery)
izos'k 'kqYd (Entrance Fees)
nku ik;k (Donation Received)
dk;kZy; O;; (Office Expenses)
fofo/k O;; (Miscellaneous Expenses)
Solution :
Dr.
2,20,000
20,000
6,000
4,500
20,000
10,000
15,600
34,000
Income and Expenditure Account

Expenditure
Amount
`
To Salary Paid
Add : Outstanding at the end
To Printing and Stationery
To Office Expenses
To Miscellaneous Expenses
To Surplus : Excess of Income over
Expenditure
20,000
6,000
Cr.
Income
26,000
4,500
15,600
34,000
Amount
`
By Subscription Income
By Entrance Fees
By Donation Received
2,20,000
20,000
10,000
1,69,900
2,50,000
2,50,000
iz'u 10. 2014 esa vktkn Dyc }kjk izkIr pUns ` 40,900 Fks ftlesa 2013 osG fy, 500 rFkk 2015 osG fy, 1,000 'kkfey FksA 2014 osG vUr esa
(2014 osG fy,) vnk pUns 1,500 FksA xr o"kZ vFkkZr~ 31-12-2013 osG vUr esa vnk pUns tks izkIr ugha gq,] ` 800 Fks] tcfd mlh frfFk dks vfxze izkIr
pUns ` 1,800 FksA 31-12-2014 dks lekIr gksus okys o"kZ osG fy, vk; ,oa O;; [kkrk esa sfMV dh tkus okyh pUns dh jkf'k fudkfy,A (In 2014,
the subscriptions received by Azad Club were ` 40,900 including 500 for 2013 and ` 1,000 for 2015. At the end of 2014, the
subscriptions outstanding (for 2014) were 1,500. The subscriptions due but not received at the end of the previous year,
i.e., 31-12-2013 were ` 800 while subscriptions received in advance on the same date were ` 1,800. Calculate the amount
of subscriptions to be credited to Income and Expenditure A/c for the year ending 31-12-2014.)
Solution :
Calculation of Subscription for 2014

`
Total Subscription received

Add : Outstanding Subscription (2014)
Less : Outstanding Subscription for 2013 received in 2014
Add : Subscriptions received in Advance (belonging to 2014)
Less : Subscription received in Advance (belonging to 2015)
Subscription for 2014 to be credited to Income and Expenditure A/c
40,900
1,500
42,400
500
41,900
1,800
43,700
1,000
42,700
iz'u 11. vxz lwpuk ls 31 fnlEcj] 2013 dks lekIr o"kZ osG fy, vk; rFkk O;; [kkrs esa izHkkfjr fd;s tkus okys osru dh jkf'k dh x.kuk dhft,
(From the following information, calculate the amount of salaries chargeable to Income and Expenditure Account for
the year ended 31st December, 2013) :
(i) o"kZ osG nkSjku fn;k x;k osru (Salaries paid during the year)
(ii) 31 fnlEcj] 2012 dks vnk osru (Outstanding Salaries on 31st Dec., 2012)
(iii) 31 fnlEcj] 2013 dks vnk osru (Outstanding Salaries on 31st Dec., 2013)
(iv) 31 fnlEcj] 2013 dks iwoZnk osru (Salaries paid in Advance on 31st Dec., 2013)
Solution :
Calculation of Salary for 2013
30,000
1,000
1,500
2,000
`
Salaries paid during the year

Add : Outstanding Salaries on 31.12.2013
30,000
1,500
`
Less : Outstanding Salaries on 31.12.2012

Prepaid Salaries on 31.12.2013
1,000
2,000
Salaries Chargeable to Income and Expenditure A/c
3,000
28,500
iz'u 12. 1.4.2013 dks ,d Dyc dh lEifk;k bl izdkj gSa (On 1.4.2013 assets of the Club were as follows) :
Hkwfe ,oa Hkou (Land and Building)
QuhZpj (Furniture)
gkFk esa jksdM+ (Cash in hand)
vnk@izkI; pUnk (Subscriptions Outstanding/Receivable)
1.4.2013 dks nkf;Ro (Liabilities as on 1.4.2013) :
cSad vf/kfod"kZ (Bank Overdraft)
vnk osru (Outstanding Salary)
iwth dks"k Kkr djsaA (Find out Capital Fund.)
Solution :
31,500
2,00,000
25,000
15,000
30,000
10,000
15,000
Balance Sheet
(as on 1.4.2013)
Liabilities
Assets
Bank Overdraft
Outstanding Salaries
Capital Fund (Balancing figure)
10,000
15,000
2,45,000
Cash in hand
Subscription Outstanding
Furniture
Land and Building
2,70,000
15,000
30,000
25,000
2,00,000
2,70,000
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nh?kZ mkjh; iz'u (Long Answer Type Questions) 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012
iz'u 1. fuEukafdr izkfIr ,oa Hkqxrku [kkrs ls 31 ekpZ] 2014 dks lekIr gksus okys o"kZ osG fy, vk;&O;; [kkrk cukb, (From the following
Receipts and Payments Account, prepare an Income and Expenditure Account for the year ended 31st March, 2014) :

Receipts & Payments Account
izkfIr;k
jde
Hkqxrku
jde
(Receipts)
(Amount)
(Payments)
(Amount)
'ks"k (To Balance) (1-4-2013)

nku (To Donations)
pUnk ( To Subscriptions)
fofu;ksx ij C;kt (To Interest on Investment)
iqjkus QuhZpj dh fch (To Sale of Old Furniture)
6,700
8,000
12,000
2,500
75
29,275
pSfjVh (By Charities)

deZpkjh osru (By Staff Salaries)
fdjk;k ,oa dj (By Rent and Rates)
eq.k ,oa ys[ku lkexzh (By Printing & Stationery)
iksLVst (By Postage)
foKkiu (By Advertising)
QuhZpj dk ; (By Purchase of Furniture)
fofu;ksx (By Investments)
'ks"k (By Balance) (31-3-2014)
10,500
2,600
1,200
300
100
250
750
5,000
8,575
29,275

7
nku dk vk/kk vk; le>k tk;sA o"kZ osG vUr esa fdjk;s dk ` 100, deZpkjh osru osG fy, ` 300 rFkk foKkiu osG fy, ` 50 ckdh gSaA ` 525
fofu;ksx ij C;kt vftZr gqvk Fkk fdUrq izkIr ugha gqvkA (Onehalf of donation is to be treated as income, ` 100 were owing for rent,
` 300 for staff salary and ` 50 for advertising at the end of the year. Interest on investment ` 525 had accrued but not
received.)
Solution :

(for the year ended 31st March, 2014)
Expenditure
Amount
Income
Amount
To Charities
`
To Staff Salaries
2,600
Add : Outstanding
300
To Rent & Rates
1,200
Add : Outstanding
100
To Printing and Stationery
To Postage
To Advertising
250
Add : Owing
50
To Excess of Income over Expenditure
10,500
2,900
By Donation (1/2)
By Subscription
By Interest on Investment
Add : Accrued Interest
2,500
525
4,000
12,000
3,025
1,300
300
100
300
3,625
19,025
19,025
iz'u 2. fuEu lwpukvksa ,oa izkfIr&Hkqxrku [kkrk osG vk/kkj ij jktk Dyc] iwf.kZ;k dk 31 ekpZ] 2013 dks lekIr okys o"kZ dk vk;&O;; [kkrk rFkk
mDr frfFk dk vkfFkZd fpk cukb,A (From the following information and Receipt and Payment Account of Raja Club, Purnea
prepare an Income an Expenditure Account for the year ended 31st March, 2013 and Balance Sheet as on that date.)
Receipts and Payments Accounts
(for the year ending 31st March, 2013)
izkfIr;k
jde
Hkqxrku
jde
(Receipts)
(Amount)
(Payments)
(Amount)
izkjfEHkd 'ks"k (To Balance b/d)

pUnk (To Subscriptions) :
2011-12
2012-13
2013-14
nku (To Donations)
euksjt
a u ls vk; (To Proceeds from Entertainment)
lekpkj&i=ksa ls vk; (To sale of Newspapers)
1,025
400
20,500
600
9,500
5,400
450
37,875
osru (By Salaries)

lkekU; O;; (By General Expenses)
euksjatu O;; (By Entertainment Expenses)
lekpkj i= (By Newspapers)
uxjikfydk dj (By Municipal Tax)
nku (By Charity)
12% fuos'k (By 12% Investments)
fo|qr 'kqYd (By Electric Charges)
vfUre 'ks"k (By Balance c/d)
5,500
800
3,500
1,500
500
3,500
20,000
1,400
1,175
37,875
vU; lwpuk, (Other Informations) :

(1) 500 lnL; gSa ftuesa izR;sd lnL; ` 50 okf"kZd pUnk nsrk gSA (There are 500 members each paying an annual subscription of
` 50.)
(2) 2012 o"kZ dk ` 500 pUnk vHkh Hkh ckdh gSA (Subscription ` 500 is still in arrear for the year 2012.)
(3) ` 400 okf"kZd dh nj ls uxjikfydk dj 30 twu] 2013 rd fn;k x;k gSA (Municipal Taxes amounting to ` 400 per annum have
been paid upto 30th June, 2013)
(4) ` 1,000 osru vnk gSA (Outstanding salary is ` 1,000.)
(5) ys[kk osG vuqlkj ` 50,000 dk Hkou gS ftl ij 5% okf"kZd kl yxkuk gSA (Building stands in the books as ` 50,000. It is required
to write off depreciation at 5% per annum.)
(6) fuos'k ij 5 eghus dk C;kt vftZr gks pqdk gSA (Interest on investment is accrued for 5 months.)
8
Solution :
Raja Club, Purnea

(for the year ended 31st March, 2013)
Dr.
Expenditure
Amount
`
To Salaries
Add : Outstanding
To General Expenses
To Entertainment Expenses
To Newspapers
To Municipal Taxes
Less : Prepaid
To Charity
To Electric Charges
To Depreciation on Building
To Surplus (Balancing Figures)
Income
5,500
1,000
500
100
Working Note :
Cr.
6,500
800
3,500
1,500
Amount
`
By Subscription
Add : Outstanding for current year
By Donations
By Proceeds from Entertainment
By Sale of Newspapers
By Accrued Interest on Investment
20,500
4,500
400
3,500
1,400
2,500
21,250
41,350
25,000
9,500
5,400
450
1,000
41,350
Balance Sheet
(as on 31st March, 2012)
Liabilities
Amount
Assets
Amount
Capital Fund (Balancing Figure)
51,925
Cash in hand
Building
Outstanding Subscription
1,025
50,000
900
51,925
51,925
Balance Sheet
Liabilities
Amount
Assets
Amount
Outstanding Salary
Subscription recd. in Advance
Capital Fund
Add : Surplus
51,925
21,250
1,000
600
73,175
Cash in hand
Outstanding Subscriptions
(` 500 + 4,500)
Prepaid Municipal Tax
Building
Less : Depreciation
Investment
Add : Accrued Interest
74,775
1,175
50,000
2,500
20,000
1,000
5,000
100
47,500
21,000
74,775
iz'u 3. lR;e Dyc osG fuEufyf[kr izkfIr ,oa Hkqxrku [kkrk ls 31 fnlEcj] 2013 osG fy, vk;&O;; [kkrk rFkk mlh frfFk dk fLFkfr fooj.k
cukb,A (From the following Receipts and Payments Account of Satyam Club, prepare Income and Expenditure Account
for the year ended 31st December, 2013 and Balance Sheet as on that date.)
Receipts and Payments A/c
(for the year ended 31st Dec., 2013)
Receipts
Amount
Payments
Balance b/d
Donation
Subscriptions
7,000
2,500
6,000
Amount
`
Billiard Table
Salary
Repairs
4,000
1,000
250

Entrance Fee
Bank Interest
Interest on Investment
Sale of Drama Tickets
500
200
50
600
Furniture Purchased
Investment
Insurance Premium
Stationary
Drama Expenses
Balance c/d
3,000
3,000
350
75
250
4,925
16,850
16,850
(a)
o"kZ 2013 osG fy, vnk pUnk ` 450 rFkk 2014 dk vfxze izkIr pUnk ` 175A (Subscription due for 2013 ` 450 and subscription
received in advance for 2014 ` 175.)
(b) chek izhfe;e cdk;k ` 25A (Insurance Premium due ` 25.)
(c) nku osG 50 izfr'kr dks iwthxr fd;k tkuk gSA (50% of donation is to be capitalised.)
(d) izos'k 'kqYd dks vkxe vk; ekuk tkuk gSA (Entrance Fee are to be treated as revenue income.)
(e) fuos'k ij 5 ekg dk 8% C;kt vftZr gSA (8% interest has accrued on investment for five months.)
(f) fofy;kMZ Vsfcy xr o"kZ esa ; fd;k x;k Fkk ykxr ` 15,000A xr o"kZ esa ` 11,000 Hkqxrku fd;s x;s FksA (Billard Table was purchased last
year costing ` 15,000 and ` 11,000 were paid for it.)
Solution :
Dr.
(for the year ended 31st December, 2013)
Cr.
Expenditure
Amount
Income
To Salary
To Repairs
To Insurance Premium
Add : Outstanding
To Stationary
To Surplus (Excess of Income over
Expenditure)
1,000
250
350
25
375
75
7,025
By Subscriptions
Add : Outstanding
Less : Received in advance
By Entrance Fee
By Interest on Investment
Add : Accrued
By Bank Interest
By Sale of Drama Tickets
Less : Drama Expenses
By Donation
8,725
Working Note :
Amount
6,000
450
6,450
175
6,275
500
50
100
600
250
150
200
350
1,250
8,725
Balance Sheet
(as on 1st January, 2013)
Liabilities
Amount
Assets
Creditors
Capital Fund (Bal. Fig.)
Amount
`
4,000
18,000
22,000
Billiard Table
Cash in hand
15,000
7,000
22,000
Balance Sheet
(as on 31st December, 2013)
Liabilities
Amount
Assets
Outstanding Expenses
Subscription Advance
Capital Fund
Add : Surplus
Add : Donation
18,000
7,025
1,250
Amount
`
25
175
26,275
26,475
Billiards Table
Furniture
Outstanding Subcription
Investment
Accrued Interest
Cash in hand
15,000
3,000
450
3,000
100
4,925
26,475
10
iz'u 4. 31 ekpZ] 2013 dks lekIr gksus okys o"kZ dk eS=h Dyc dk izkfIr ,oa Hkqxrku [kkrk ` 25,000 pUns ls izkIr jkf'k fn[kkrk gSA vfrfjDr
lwpuk, fuEu izdkj gSa % (Receipts and Payment Account of Maitree Club for the year ended March 31, 2013 shows that the
subscriptions received were ` 25,000. Additional informations are as follows) :
1-4-2012
31-3-2013
vnk pUnk (Outstanding Subscription)

5,000
3,500
vfxze izkIr pUnk (Subscriptions received in advance)
2,500
3,000
o"kZ 2012-13 osG fy, pUns ls izkIr vk; dh x.kuk dhft, rFkk pUns ls lEcfU/kr vko';d enksa dks izkjfEHkd rFkk vfUre fLFkfr fooj.k esa fn[kkb,A
(Ascertain the amount of income from subscriptions for the year 2012-13 and show how relevant items of subscriptions
appear in opening and closing Balance Sheets.)
(B.S.E.B., 2014)
Solution :
Calculation of Subscription Income
(for the year 2012-13)
`
Subscriptions received during the year

Add : Outstanding subscriptions on 31.3.2013
Add : Subscriptions received in advance on 1.4.2012
Less : Subscriptions received in Advance (31.3.2013)
25,000
3,500
2,500
31,000
5,000
26,000
3,000
Income from Subscriptions for the year 2012-13
23,000
Less : Outstanding subscriptions (1.4.2012)
Balance Sheet
(as on March 31, 2012)
Liabilities
Amount
Assets
Subscription received in advance
2,500
Amount
`
5,000
Balance Sheet
(as on March, 31, 2013)
Liabilities
Amount
Assets
Subscription received in advance
3,000
Amount
`
3,500
lk>snkjh Qeks dk ys[kkadu % vk/kkjHkwr vo/kkj.kk,
11
lkksnkjh Qeks dk ys[kkadu % vk/kkjHkwr vo/kkj.kk,

[ACCOUNTING FOR PARTNERSHIP FIRMS : BASIC CONCEPTS]
7.

1234567890123456

1. lk>snkjh lay[
s k dh vuqifLFkfr esa lk>snkj dks muosG }kjk QeZ dks nh xbZ
vfxze jkf'k ij C;kt fn;k tk;sxk (In the absence of partnership
deed, the partner will be allowed interest on the amount
advanced to the firm) :
(B.S.E.B., 2009, 10, 13)
(a) @ 5%
(b) @ 6%
(d) @ 8%
(c) @ 9%
2. dkSu lk>snkjh dh fo'ks"krk ug gS\ (Which one is not the feature of partnership ?)
(a) le>kSrk (Agreement)
(b) ykHk&foHkktu (Sharing of Profit)
(c) lhfer nkf;Ro (Limited Liability)
(d) nks ;k nks ls vf/kd O;f (Two or more than two persons)
3. lk>snkjh le>kSrs osG vHkko esa lk>snkjksa dks iwth ij C;kt fn;k tk;sxk
(In the absence of partnership deed, interest on capital will be given to the partners at) : (B.S.E.B., 2013)
(a) 8% okf"kZd (8% p.a.)
(b) 6% okf"kZd (6% p.a.)
(c) 9% okf"kZd (9% p.a.)
4. pkyw [kkrk gS (Current Account is) :
(B.S.E.B., 2011)
5. py ;k ifjorZu'khy fof/k ls lk>snkjksas osG iwth [kkrs ij C;kt oszGfMV
fd;k tkrk gS (The interest on Partners Capital Account
under fluctuating method is to be credited to) :
(B.S.E.B., 2010, 11)
(a) ykHk&gkfu [kkrk esa (Profit and Loss A/c)
(b) C;kt [kkrs esa (Interest A/c)
(c) lk>snkjksa osG iwth [kkrs esa (Partners Capital A/c)
6. lk>snkjksa dk pkyw [kkrk ges'kk gksxk (The Current Account of
the partners will always have) :
(B.S.E.B., 2010)
(a) uke 'ks"k (Debit balance)
(b) tek 'ks"k (Credit balance)
(c) nksuksa esa ls dksbZ Hkh (Either of the two)
lk>snkj dh iwth ij C;kt dh x.kuk gksrh gS (Interest on partners
capital is calculated on) :

(B.S.E.B., 2010)
(a) izkjEHk dh iwth ij (Capital in the beginning)
(b) vUr dh iwth ij (Capital at the end)
(c) vkSlr iwth ij (Average Capital)
8. lk>snkjh vuqcU/k cukuk (Preparation of partnership agreement is) :
(B.S.E.B., 2010)
(a) vfuok;Z gS (Compulsory)
(b) ,sfPNd gS (Voluntary)
(c) va'kr% vfuok;Z gS (Partly Compulsory)
9. lk>snkjksa dh iwth ij ns; C;kt izHkkfjr fd;k tkrk gS (Interest payable on the capital of the partners is charged to) :
(B.S.E.B., 2010)
(a) ykHk&gkfu [kkrk esa (Profit & Loss A/c)
(b) olwyh [kkrk esa (Realisation A/c)
(c) ykHk&gkfu fu;kstu [kkrk esa (Profit & Loss Appropriation
A/c)
10. QeZ OksG fy;s lk>snkj ds vkgj.k ij C;kt gS (For the firm, interest on partners drawings is a) :
(B.S.E.B., 2011)
(a) O;; (Expenses)
(b) vk; (Income)
(c) gkfu (Loss)
(d) izkfIr (Gain)
11. fdlh lk>snkjh lays[k ds vHkko esa fdlh QeZ ds ykHk ,oa gkfu dks ckVrs
gSa (In the absence of any Partnership Agreement, the
profits or losses of the firm are divided)
(a) iwth ds vuqikr esa (In Capital Ratio)
(b) leku vuqikr esa (In Equal Ratio)
(c) bu nksuksa esa ls fdlh Hkh vuqikr esa (In any of these two ratio)
12. lk>snkjh QeZ esa ykHk&gkfu dk foHkktu fd;k tkrk gS (In partnership firm profits and losses are shared) :
(a) cjkcj&cjkcj (Equally)
(b) iwth ds vuqikr esa (In the Ratio of Capitals)
(c) le>kSrs ds vuqlkj (As per Agreement)
13. ykHk&gkfu fu;kstu [kkrk cuk;k tkrk gS (Profit and Loss Appropriation Account is prepared to) :
(a) lap; dks"k cukus ds fy, (Create Reserve Fund)
(b) 'kq ykHk fudkyus ds fy, (Find out Net Profit)
(c) foHkkT; ykHk fu/kkZj.k ds fy, (Find out Divisible Profit)
12
14.
,d lkekU; lk>snkjh esa lk>snkjksa dh vf/kdre la[;k gS (In an Ordi-
nary Partnership, maximum number of partners

are)
(a) 20
(b) 10
(c) 15
(d) 5
15. fuEu esa dkSu&lk ykHk dk fu;kstu gS (Which of the following is
an appropriation of profit) :
(a) .k ij C;kt (Interest on Loan)
(b) iwth ij C;kt (Interest on Capital)
(d) fdjk;k (Rent)
(d) osru (Salary)
16. tc vkgj.k dk le; u fn;k gks rks vkgj.k ij C;kt yxk;k tkrk gS
(When time of withdrawals are not mentioned, interest on drawings is charged)
(a) 6 eghus osG fy, (for 6 months)
(b) 6 eghus osG fy, (for 6 months)
(c) 5 eghus osG fy, (for 5 months)
(d) 12 eghus osG fy, (for 12 months)
17. tc o"kZ Hkj fuf'pr jkf'k;ksa dk vkgj.k izR;sd eghus dh vfUre frfFk
(a)
(b)
losses in the agreed ratio)

(c)
O;olk; dk lHkh ds }kjk ;k muesa ls fdlh ds }kjk pyk;k tkuk
(Business carried on by all or any of them acting

for all)
(d) mijksDr lHkh (All of the above)
22.
23.
dks fd;k x;k gks rks vkgj.k dh dqy jkf'k ij C;kt yxk;k tkrk gS
(When drawings are made at the end of every month
of certain amount, then interest will be calculated on
total drawings) :
(a) 6 eghus osG fy, (for 6 months)
(b) 6 eghus osG fy, (for 6 months)
(c) 5 eghus osG fy, (for 5 months)
(d) 1 eghus osG fy, (for 1 month)
18. lk>snkjh lays[k ds vHkko esa lk>snkj gdnkj ugha gSa (In the absence
of partnership deed, partners are not entitled to receive) :
(a) osru ikus osG (Salaries)
(b) deh'ku ikus osG (Commission)
(c) iwth ij C;kt ikus osG (Interest on Capital)
(d) buesa ls lHkh (All of these)
19. ;fn izR;sd frekgh ds izFke fnu leku jkf'k dk vkgj.k fd;k tkrk gS rks
vkgj.k dh dqy jkf'k ij C;kt dh x.kuk gksxh (If a fixed amount
is withdrawn on the first day of every quarter, the
interest on total drawings will be calculated) :
(a) 6 ekg ds fy, (for 6 months)
(b) 6.5 ekg ds fy, (for 6.5 months)
(c) 5.5 ekg ds fy, (for 5.5 months)
(d) 7.5 ekg ds fy, (for 7.5 months)
20. vuqdYi vkSj dj.k lk>snkj gSa] ftudh iwth e'k% ` 25,000 rFkk
` 15,000 gSA iwth ij 10% okf"kZd C;kt ns; gSA nksuksa lk>snkjksa dh iwth
ij C;kt dh x.kuk dhft, tc QeZ us ` 2,400 ykHk dek;k gksA
(Anukalp and Karan are partners with the capital of
` 25,000 and ` 15,000 respectively. Interest payable
on capital is 10% p.a. find the interest on capital for
both the partners when the profits earned by the firms
is ` 2,400.)
(a) ` 2,500 and ` 1,500 (b) ` 1,500 and ` 900
(c) ` 1,200 and ` 1,200 (d) buesa ls dksbZ ugha (None of these)
21. ,d lk>snkjh QeZ ds y{k.k gSa (Features of a partnership firm
are) :
nks ;k nks ls vf/kd O;fDr (Two or more persons)

fu/kkZfjr vuqikr esa ykHk&gkfu ckVuk (Sharing profit and
24.
25.
26.
27.
28.
29.
;fn leku ekfld jkf'k R;sd ekg ds 'kq: esa vkgj.k ds :i esa fudkyh
tkrh gS rks dkSu ls le; dks /;ku esa j[kk tk;sxk (What time would
be taken into consideration if equal monthly amount
is drawn as drawings at the beginning of each month)
(a) 7 ekg (7 months)
(b) 6 ekg (6 months)
(c) 5 ekg (5 months)
(d) 6.5 ekg (6.5 months)
A frekg ` 1,000 R;sd ekg ds vUr esa vkgfjr djrk gSA ;fn C;kt
dh nj 5% fro"kZ gks rks vkgj.k ij dqy C;kt gksxk (A draws ` 1,000
per month on the last day of every month. If the rate
of interest is 5% p.a., then the total interest on drawings will be)
(b) ` 275
(a) ` 325
(d) ` 350
(c) ` 300
fdlh Bgjko dh vuqifLFkfr esa] lk>snkj ikus ds vf/kdkjh gSa (In the
absence of an agreement, partners are entitled to) :
(C.P.T., 2007 Feb.)
(a) osru (Salary)
(b) iwth ds vuqikr esa ykHk dk fgLlk (Profit share in capital
ratio)
(c) .k rFkk vfxzeksa ij C;kt (Interest on loan and advances)
(d) deh'ku (Commission)
ifjorZu'khy iwth [kkrs dks sfMV fd;k tkrk gS (Fluctuating capital account is credited with)
(C.P.T., 2007 Nov.)
(a) iwth ij C;kt ls (Interest on capital)
(b) o"kZ ds ykHk ls (Profit of the year)
(c) lk>snkj ds ikfjJfed ls (Remuneration of partners)
(d) buesa ls lHkh ls (All of these)
lk>snkjksa dh iwth ij C;kt gS (Interest on Partners capital
is)
(a) O;; (An expenditure) (b) fofu;kstu (An appropriation)
(c) ykHk (A gain)
fe- xaHkhj ds fy, 12% fro"kZ dh nj ls vkgj.k ij C;kt dh x.kuk
dhft, ;fn og R;sd ekg ds kjEHk esa ,d ckj ` 2,000 vkgj.k djrk
gS (Calculate interest on drawing @12% p.a. for Gambhir
if he withdrew ` 2,000 once at the beginning of each
month)
(a) ` 1,560
(b) ` 1,500
(c) ` 1,200
(d) ` 1,000
lk>snkjksa osG vkgj.k ij C;kt gS (Interest on drawing of the
Partners is a)
(a) O;olk; osG fy, gkfu (Loss to business)
(b) O;olk; osG fy, ykHk (Profit to business)
(c) lk>snkjksa dks ykHk (Profit to partners)
(d) cSad dks gkfu (Loss to Bank)
vfHk"ksd osG fy, vkgj.k ij 12% okf"kZd dh nj ls C;kt dh x.kuk
dhft, ;fn mlus izR;sd ekg esa ,d ckj ` 2,000 vkgfjr fd;k gks

(Calculate interest on drawing @ 12% p.a. for Abhishek
if he withdraw ` 2,000 once in each month)
(b) ` 1,200
(a) ` 1,440
(c) ` 1,320
(d) ` 1,500
30. lk>snkjh lays[k dh vuqifLFkfr esa lk>snkj dks (In the absence of
Partnership Deed partners shall)
(a) osru fn;k tk;sxk (Be paid salaries)
(b) osru ugha fn;k tk;sxk (Not be paid salaries)
(c) mUgsa osru fn;k tk;sxk tks QeZ osG fy, dk;Z djrs gSa (Be paid
salaries to those who work for the firm)
31. lk>snkjksa osG pkyw [kkrs rc [kksys tkrs gSa tcfd muosG iwth [kkrs gksrs gSa
(Partners' current accounts are opened when their
capital is)
(a) fLFkj (Fixed)
(b) ifjorZu'khy (Fluctuating)
(c) a vkSj b nksuksa (Both a and b)
32. lk>snkj osG vkgj.k ij C;kt osG fy, MsfcV fd;k tkrk gS (The interest on partner's drawings is debited to)
(a) lk>snkj osG iwth [kkrs dks (Partner's Capital A/c)
(b) ykHk&gkfu [kkrs dks (Profit and Loss A/c)
(c) vkgj.k [kkrs dks (Drawings A/c)
(d) ykHk&gkfu fu;kstu [kkrk dks (P. & L. App. A/c)
33. lk>snkjksa osG }kjk QeZ dks fn, x, vfxze ij C;kt gS (Interest on
advance given to the firm is)
(a) fofu;kstu (An appropriation)
(b) ykHk (A gain)
(c) izHkkj (A charge)
[mkj % 1. (b), 2. (c), 3. (d), 4. (a), 5. (c), 6. (c), 7. (a),
8. (b), 9. (c), 10. (b), 11. (b)] 12. (c)] 13. (c)] 14. (a)]
15. (b), 16. (b)] 17. (c)] 18. (d)] 19. (d)] 20. (b),
21. (d), 22. (d), 23. (b), 24. (c), 25. (d), 26. (b),
mkj
vUrj dk vk/kkj
1.
13
27. (a), 28. (b), 29. (a), 30. (b), 31. (a), 32. (a),
33. (c)]

1234567890123
1234567890123
y?kq mkjh; iz'u (Short Answer Type Questions) 1234567890123
iz'u 1. lk>snkjh lays[k dh vuqifLFkfr esa ykxw gksus okyh lk>snkjh

vf/kfu;e dh fdUg pkj O;oLFkkvksa dk mYys[k dhft,A (Mention
any four provisions of Partnership Act, in the absence of
partnership deed.)
mkj(i) ykHk&gkfu dk cVokjkvf/kfu;e dh /kkjk 13(b) osG vuqlkj
QeZ }kjk vtr ykHk ;k gkfu izR;sd lk>snkj dk leku vf/kdkj gksxkA
(ii) ikfjJfedvf/kfu;e dh /kkjk 13(a) osG vuqlkj fdlh Hkh lk>snkj
dks QeZ esa lf; ;ksxnku osG fy, vfrfjDr ikfjJfed ikus dk vf/kdkj
ug gSA
(iii) vfrfjDr iwth ;k .k ij C;ktvf/kfu;e dh /kkjk 13(d) osG
vuqlkj ;fn dksbZ lk>snkj QeZ dks vius fgLls ls vf/kd iwth nsrk gS ;k .k
nsrk gS rks bl vfrfjDr iwth ;k .k ij mls 6 izfr'kr izfro"kZ dh nj ls C;kt
ikus dk vfkdkj gSA
(iv) QeZ dh lEifk ij vf/kdkjvf/kfu;e dh /kkjk 14 osG vuqlkj
QeZ dh izR;sd lEifk ij izR;sd lk>snkj dk leku vf/kdkj gSA
iz'u 2. lk>snkjh dh pkj fo'ks"krk, crkb,A (State four characteristics of Partnership.)
mkj(i) lk>snkjh osG fy, de&ls&de nks O;fDr;ksa dk gksuk vko';d
gSA vf/kd&ls&vf/kd la[;k lkekU; O;olk; osG fy, 20 rFkk cSafdax O;olk;
osG fy, 10 gks ldrh gSA
(ii) lk>snkjh dk tUe le>kSrs ls gksrk gSA le>kSrk fyf[kr ;k ekSf[kd gks
ldrk gSA
(iii) lk>snkjh dk ms'; fdlh oS/k dkjksckj osG }kjk ykHk dekuk vkSj ml
ykHk dks vkil esa ckVuk gksrk gSA
(iv) lk>snkjh O;kikj esa izR;sd lk>snkj vU; lk>snkjksa dk Lokeh vkSj
,ts.V nksuksa gksrk gSA
iz'u 3. LFkk;h iwth vkSj ifjorZu'khy iwth esa vUrj crkb,A
(Distinguish between Fixed Capital and Fluctuating Capital.)
LFkk;h iwth vkSj ifjorZu'khy iwth esa vUrj

LFkk;h iwth
izfr
blesa fo'ks"k ifjfLFkfr;ksa dks NksMd

+ j iwth [kkrs dk 'ks"k O;olk;
dh lEiw.kZ thou vof/k esa vifjorr jgrs gA
2. [kkrksa dh la[;k blesa izR;sd lk>snkj osG fy, nks [kkrs j[ks tkrs giwth [kkrs rFkk
pkyw [kkrsA
3. .kkRed 'ks"k LFkk;h iwth [kkrk dk 'ks"k dHkh .kkRed ug gks ldrk gSA
4. lek;kstu
vkgj.k] C;kt bR;kfn lEcfU/kr lek;kstu pkyw [kkrs esa fn[kk;s
tkrs gA
ifjorZu'khy iwth
blesa iwth [kkrs dk 'ks"k le;≤ ij ifjorr gksrs jgrs gA
blesa izR;sd lk>snkj osG fy, ,d [kkrk j[kk tkrk gSiwth [kkrkA
ifjorZu'khy iwth [kkrk dk 'ks"k .kkRed gks ldrk gSA
ifjorZu'khy iwth [kkrk dk 'ks"k .kkRed gks ldrk gSA
vkgj.k] C;kt vkfn ls lEcfU/kr lek;kstu iwth [kkrs esa fn[kk;s
tkrs gA
iz'u 4. tc iwth [kkrk fLFkj gks] lk>snkjksa osG iwth [kkrs vkSj pkyw [kkrs esa vUrj crkb,A (When capitals are fixed, distinguish between
Capital Account and Current Account.)
mkj
iwth [kkrk vkSj pkyw [kkrk esa vUrj
vUrj dk vk/kkj
iwth [kkrk
1. ok"kd 'ks"k
fo'ks"k ifjfLFkfr;ksa dks NksMd
+ j iwth [kkrs dk 'ks"k izfr o"kZ fLFkj
jgrk gSA
pkyw [kkrk
pkyw [kkrs dk 'ks"k izfro"kZ cnyrk jgrk gSA
14
2.
3.
4.
ms';
vfUre 'ks"k
lek;kstu dk
ys[kk
bldk ms'; lk>snkjksa dh fofu;ksftr iwth dk ys[kk j[kuk gSA

bldk vfUre 'ks"k ges'kk tek 'ks"k fn[kykrk gSA
blesa iwt
h ij C;kt] lk>snkjksa dk osru bR;kfn lek;kstu dk ys[kk
ug gksrk gSA
bldk ms'; lk>snkjksa dh iwth fLFkj j[kuk gSA

bldk vfUre 'ks"k uke ;k tek 'ks"k fn[kykrk gSA
blesa lek;kstu dk ys[kk gksrk gSA
iz'u 5. ykHk&gkfu fu;kstu [kkrk vkSj ykHk&gkfu lek;kstu [kkrs esa vUrj crkb,A (Distinguish between Profit and Loss Appropriation
Account and Profit and Loss Adjustment Account.)
ykHk&gkfu fu;kstu [kkrk vkSj ykHk&gkfu lek;kstu [kkrk esa vUrj
mkj
vUrj dk vk/kkj
1.
vFkZ
2.
3.
ykHk&gkfu fu;kstu [kkrk
ykHk&gkfu lek;kstu [kkrk
QeZ osG forj.k ;ksX; ykHkksa dks tkuus vkSj lk>snkjksa esa ckVus osG fy,
[kksys x;s [kkrs dks ykHk&gkfu fu;kstu [kkrk dgrs gA
izfr
rS;kj djus dk
le;
4. ms';
;g [kkrk] ykHk&gkfu [kkrk dk foLrkj gSA

bls ys[kkadu o"kZ osG vUr esa rS;kj fd;k tkrk gSA
bldk ms'; foKkiu ;ksX; ykHkksa dks tkuuk gSA
fdlh u;s lk>snkj osG izos'k ;k fo|eku lk>snkj osG vodk'k xzg.k
;k e`R;q ij QeZ dh lEifk;ksa vkSj nkf;Roksa osG iquewZY;kadu osG fy,
[kksyk x;k [kkrk ykHk&gkfu lek;kstu [kkrk dgykrk gSA
;g ,d LorU= [kkrk gSA
bls fdlh lk>snkj osG izos'k] vodk'k xzg.k ;k e`R;q osG le; rS;kj
fd;k tkrk gSA
bldk ms'; iquewZY;kadu osG izHkko dks tkuuk gSA
iz'u 6. T;ksfr rFkk jpuk ,d QeZ esa lk>snkj g] tks ykHkkykHk 3 : 2 osG vuqikr esa ckVrh gA mudh iwth e'k% ` 80,000 rFkk ` 50,000 gSA
lk>snkjh lays[k osG vuqlkj ykHk ckVus ls iwoZ iwth ij C;kt 5% ikus dk vfkdkj gSA C;kt yxkus osG iwoZ QeZ osG o"kZ osG ykHk ` 7,800 gq,A ;g o.kZu
dhft, fd lk>snkjksa esa ykHk dk forj.k fdl izdkj fd;k tk;sxk vkSj iwth [kkrs cukb;sA (Jyoti and Rachna are partners in a firm
sharing profits and losses in the ratio of 3 : 2. They have capital of ` 80,000 and ` 50,000 respectively. According to the
partnership deed, they are entitled to interest on capital 5% before dividing the profits. During the year the firm earned
profit of ` 7,800 before allowing interest. State how the profits will be divided between partners and prepare Capital
Accounts.)
(U.S.E.B., 2011)
Solution :
lk>snkjksa dks iwth ij C;kt ikus dk vf/kdkj gS] vr% iwth ij C;kt dks fu;kstu vFkkZr~ [kpZ osG :i esa fn[kk;k tk;sxk vkSj 'ks"k 'kq ykHk dk gh vkuqikfrd
foHkktu gksxkA
Dr.
Profit and Loss Appropriation Account

Particulars
Amount
Cr.
Particulars
Amount
To Interest on Capital :
C
D
To Profit transferred to Capital A/cs :
C
D
4,000
2,500
780
520
By Profit and Loss A/c

(Profit before Appropriation)
7,800
6,500
1,300
7,800
7,800
Partners Capital Accounts

Particulars
Jyoti
`
To Balance c/d
Rachna
Particulars
84,780
53,020
84,780
53,020
Jyoti
`
By Balance b/d
By Interest on Capital
By P/L Appropriation A/c (3 : 2)
80,000
4,000
780
84,780
Rachna
`
50,000
2,500
520
53,020
iz'u 7. X vkSj Y lk>snkj gA X dh iwth ` 10,000 vkSj Y dh ` 6,000 gSA iwth ij C;kt 6% dh nj ls ns; gSA Y dks ` 200 izfr ekg dh
nj ls osru ysus dk vf/kdkj gSA Y osG osru vkSj C;kt ls iwoZ pkyw o"kZ osG fy, QeZ dk ykHk ` 8,000 gSA X vkSj Y esa ykHk dk forj.k dhft;sA
(X and Y are partners. Xs capital is ` 10,000 and Ys capital is ` 6,000. Interest is payable @ 6% p.a. Y is entitled to a
salary of ` 200 per month. Profit for the current year is ` 8,000 before interest and salary to Y. Divide the profit between
X and Y.)
(B.S.E.B., 2010; J.A.C., 2011)
Solution :
Dr.
15
Profit and Loss Appropriation Account
Cr.
Particulars
Amount
Particulars
Amount
To Bs Salary @ ` 300 p.m.

To Interest on Capital @ 6% p.a. :
X
Y
To Profit transferred to Partners
Capital A/c
X
Y
2,400
8,000
600
360
960
2,320
2,320
4,640
8,000
iz'u 8. 'kkfyuh rFkk jpuk ,d QeZ esa lk>snkj gA os ykHk&gkfu

cjkcj ckVrh gA izR;sd osG ekfld vkgj.k ` 2,000 gA vkgj.k ij
10% izfr o"kZ dh nj ls C;kt yxkuk gSA 'kkfyuh osG vkgj.k ij o"kZ
2013 osG fy, C;kt dh x.kuk dhft, ;fn (i) vkgj.k izR;sd ekg osG
izkjEHk esa fd;k tkrk gSA (ii) vkgj.k izR;sd ekg osG e/; esa fd;k tkrk gSA
(iii) vkgj.k izR;sd ekg osG vUr esa fd;k tkrk gSA (Shalinee and
Rachna are partners in a firm. They share profits and losses
equally. Their monthly drawings are ` 2,000 each. Interest
on drawings is to be charged @ 10% p.a. Calculate interest
on Shalinees drawings for the year 2013 assuming drawings
are made (i) in the beginning of every month, (ii) in the
middle of every month, and (iii) at the end of every month.)
(NCERT)
Solution : ekfld vkgj.k (Monthly drawings)
= ` 2,000 izfr ekg
oqGy vkgj.k (Total amount of drawings)= ` 24,000 (12
2,000)
C;kt dh nj (Rate of Interest) = 10%
(1) tc vkgj.k izR;sd ekg osG izkjEHk esa gksrk gS
Interest on drawings = Total drawings
= ` 24,000
4CVG

= ` 1,300
(2)
By Net Profit as per P. & L. A/c
...(i)
tc vkgj.k izR;sd ekg osG e/; esa gksrk gS
8,000

= ` 24,000
= ` 1,200
(3)
...(ii)
tc vkgj.k izR;sd ekg osG vUr esa gksrk gS
= ` 24,000
4CVG

= ` 1,100
...(iii)

iz'u 9. ,d QeZ osG rhu lk>snkj gA, B ,oa CA 31 ekpZ] 2013
dks lekIr o"kZ osG fy, ykHk ,oa gkfu [kkrk rS;kj djus osG ckn fuEu pwdksa
(Omissions) dk irk pyk % (A firm has three partners : A, B
and C. After preparing Profit and Loss Account for the year
ended 31st March, 2013 the following omissions were
discovered) :
(i) lk>snkj A dks osru ` 2,000 (Salary to Partner A
` 2,000);
(ii) fuos'k ij QeZ dks miktr C;kt ` 4,000 (Interest accrued
to the firm on investment ` 4,000);
(iii) lk>s n kj C dks deh'ku ` 14,000 (Commission to
Partner C ` 14,000)A
vko';d tuZy izfof"V;k dhft,A (Pass necessary Journal
entries.)
Solution :
Journal Entries
Date
Dr.
Particulars
L.F. Amount
`
(i)
Profit and Loss Adjustment A/c

To As Capital A/c
To C Capital A/c
Dr.
Cr.
Amount
`
16,000
2,000
14,000
(Being adjustment for As Salary and Cs Commission)
(ii)
Accrued Interest A/c

To Profit and Loss Adjustment A/c
(Being adjustment for accrued interest)
Dr.
4,000
4,000
16
(iii)
As Capital A/c
Bs Capital A/c
Cs Capital A/c
To Profit and Loss Adjustment A/c
Dr.
Dr.
Dr.
4,000
4,000
4,000
12,000
(Being net loss transferred to Partners Capital A/cs)
iz'u 10. Hkkuq vkSj Hkkjrh ,d QeZ esa lk>snkj gA Hkkuq dks deh'ku osG iwoZ 'kq ykHk ij 10% dh nj ls deh'ku izkIr gksuk gS tcfd Hkkjrh dks
deh'ku osG i'pkr~ 'kq ykHk ij 5% dh nj ls deh'ku izkIr gksuk gSA deh'ku ls iwoZ dk 'kq ykHk ` 11,000 FkkA nksuksa lk>snkjksa osG deh'ku dh
x.kuk dhft;sA (Bhanu and Bharti are partners in a firm. Bhanu is to get a commission of 10% of net profit before charging
commission while Bharti is to get a commission of 5% of net profit after charging all commission. Net profit before
charging any commission was ` 11,000. Calculate commission of both the partners.)
Solution :
Commission payable to Bhanu = 11,000
= ` 1,100
Commission payable to Bharti = (11,000 1,100)
= 9,900
= ` 3,329
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iz'u 1. P, Q vkSj R ,d QeZ esa lk>snkj g tks 5 : 3 : 2 osG vuqikr esa ykHk&gkfu foHkkftr djrs gA mudh fLFkj iwth e'k% ` 3,00,000,
` 2,00,000 vkSj ` 1,00,000 FkhA o"kZ 2013 osG fy, muosG iwth [kkrs esa 8% ok"kd nj osG LFkku ij 10% ok"kd nj ls iwth ij C;kt sfMV dj fn;k
x;k FkkA Li"Vr% dk;kZRed fVIi.kh fn[kkrs gq, vko';d lek;kstu izfof"V ikfjr dhft;sA (P, Q and R are partners in a firm sharing
profits and losses in the ratio of 5 : 3 : 2. Their fixed capital were ` 3,00,000, ` 2,00,000 and ` 1,00,000 respectively. For
the year 2013 interest on capital was credited to them @ 10% p.a. instead of 8% p.a. Showing your working notes clearly
pass the necessary adjusting Journal entry.)
Solution :
Table showing Adjustment to be

made in Capital Accounts

Particulars
P
Q
`
Interest that should have been credited @ 8% p.a.

Interest already credited @ 10% p.a.
Partners over credited to be debited now
Adjustment of net profit of ` 12,000 in the ratio of 5 : 3 : 2

Adjustment required
Total
24,000
16,000
8,000
48,000
(Cr.)
(Cr.)
(Cr.)
(Cr.)
30,000
20,000
10,000
60,000
(Dr.)
(Dr.)
(Dr.)
(Dr.)
6,000
4,000
2,000
12,000
(Dr.)
(Dr.)
(Dr.)
(Dr.)
6,000
3,600
2,400
12,000
(Cr.)
(Cr.)
(Cr.)
(Cr.)
400 (Dr.)
400 (Cr.)
Journal Entry
Date
Dr.
Particulars
L.F. Amount
`
Qs Current A/c
To Rs Current A/c
Dr.
Cr.
Amount
`
400
400
(Being interest on capital over-credited earlier, now adjusted)
iz'u 2. A, B ,oa C cjkcj osG lk>snkj gA 1 vizSy] 2012 dks mudh fLFkj iwth Fkh % A ` 10,000, B ` 20,000 rFkk C ` 30,000A o"kZ 201213 osG fy, ` 12,000 osG ykHk dks ckVk x;kA vko';d tuZy izfof"V nhft,] ;fn iwth ij C;kt 12% izfr o"kZ osG cnys 10% izfr o"kZ dh nj ls
sfMV fd;k x;k gSA (A, B and C are equal partners. Their fixed capitals as on 1st April, 2012 were : A ` 10,000, B ` 20,000
and C ` 30,000. Profits for the year 2012-13 amounting to ` 12,000 were distributed. Give the necessary Journal entry if
interest on capital was credited @ 10% p.a. instead of 12% p.a.)
(B.S.E.B., 2014)
17
Solution :
Statement showing the Adjustment to be made
Particulars
I.
II.
III.
IV.
V.
Total
1,000
1,200
2,000
2,400
3,000
3,600
6,000
7,200
Partners less credited with (II-I) (Cr.)

By allowing interest @ 12%, the profit will be reduced. This loss
will be divided among them (Dr.)
200
400
600
1,200
400
400
400
1,200
Difference (III-IV)
Dr.
200
NIL
Cr.
200
Interest already credited @ 10%

Interest that should have been credited @ 12%
Adjusting Journal Entry

Date
Dr.
Particulars
L.F. Amount
`
As Current A/c
To Cs Current A/c
Dr.
Cr.
Amount
`
200
200
(Being the interest wrongly provided, now corrected)
iz'u 3. lkseh vkSj Js;k ,d QeZ esa lk>snkj g tks 3 : 2 osG vuqikr esa
ykHkksa dk cVokjk djrs gA 1 vizSy] 2012 dks mudh iwth e'k% 21,000
vkSj ` 15,000 FkhA lk>snkjh lays[k esa 10% dh ok"kd nj ls iwth ij
C;kt dh O;oLFkk dk izko/kku gSA 31 ekpZ] 2013 dks lekIr gq, o"kZ dk
ykHk C;kt ls iwoZ ` 3,000 gSA ykHkksa dk forj.k fn[kkb;s (Somi and
Shreya are partners in a firm, sharing profits in the ratio
of 3 : 2. Their capitals as at 1st April, 2012 were ` 21,000
and ` 15,000 respectively. The partnership deed provides
interest on capital @ 10% p.a. The profit of the firm before
Solution :
interest for the year ended 31st March, 2013 is ` 3,000.

Show the distribution of profits) :
(a)
;fn lk>snkjksa esa ;g le>kSrk gS fd iwth ij C;kt vo'; fn;k

tk;sxk pkgs blosG ifj.kkeLo:i QeZ dks gkfu gh D;ksa u gksA (If there
is an agreement that the interest on capital will be allowed
even if it involves loss to the firm, and)
(b) ;fn le>kSrk i= C;kt osG ys[kkadu O;ogkj osG fy, ekSu gks fd
;g izHkkj gS ;k fofu;kstu gSA (If the deed is silent as to the treatment of interest as a charge or appropriation.)
(a) Profit and Loss Appropriation Account

Particulars
Amount
Particulars
Amount
Somi
Shreya
2,100
1,500
3,600
By Net Profit
By Loss transferred to Capital :
Somi
Shreya
3,600
3,000
`
360
240
600
3,600
(b) Profit and Loss Appropriation Account

Particulars
Amount
Particulars
Somi (7/12)
Shreya (5/12)
1,750
1,250
By Profit & Loss A/c (Profit)
3,000
3,000
iz'u 4. rhu pkVZMZ ,dkm.Vs.V~l A, B rFkk C ,d lk>snkjh cukrs

g vkSj fuEu 'krks osG lkFk ykHk o gkfu;ksa dk foHkktu 3 : 2 : 1 osG vuqikr
esa djrs g (Three Chartered Accountants, A, B and C form a
partnership, sharing profits and losses in the ratio of 3 : 2
: 1 subject to the following conditions)
Amount
3,000
3,000
(1) C osG ykHk osG fgLls dh xkj.Vh nh xbZ gS fd og ` 15,000 izfr
o"kZ ls de ug gksxhA (Cs share of profit is guaranteed to be
not less then ` 15,000 per annum.)
(2) B bl ckr dh xkj.Vh nsrk gS fd mlosG }kjk QeZ osG fy, vtr
ldy Qhl mlosG }kjk iwoZ osG ikp o"kks esa vtr vkSlr ldy Qhl ls
18
de ug gksxh] tcfd og is'kk vosGys dj jgk Fkk (vkSlr ` 25,000

vkdh xbZ gS)A [B gives guarantee to the effect that the gross
fees earned by him for the firm shall not be less than the
average gross fees earned by him during the preceding five
years when he was carrying on profession alone (which
average works out at ` 25,000)]
lk>snkjh osG izFke o"kZ dk ykHk ` 75,000 gSA B }kjk QeZ osG fy,
Solution :
Dr.
miktr ldy Qhl ` 16,000 gSA (The profit of the first year of
the partnership is ` 75,000. The gross fees earned by B for
the firm are ` 16,000.)
vkidks ykHk&gkfu fu;kstu [kkrk rFkk lk>snkjksa osG pkyw [kkrs fn[kkus
gA (You are required to show the Profit & Loss Appropriation
Account and Current Accounts of the partners.)
Profit & Loss Appropriation Account

(for the year ended.....)
Particulars
Amount
Cr.
Particulars
Amount
To Share of Profit :
Cs Current A/c
15,000
A (` 69,000
41,400
B (` 69,000
27,600
By Profit & Loss A/c (Net Profit)

By Bs Current A/c
75,000
9,000
84,000
Dr.
84,000
Partners Current Accounts

Particulars
To Profit & Loss

Appro. A/c
To Balance c/d
Particulars
9,000
41,400
18,600
By Profit & Loss

Appro. A/c

15,000
41,400
27,600
15,000
Cr.
A
41,400
27,600
15,000
41,400
27,600
15,000
lkksnkjh dk iquxZBuorZeku lkksnkjksa osG

ykHk&foHkktu vuqikr esa ifjorZu
[RECONSTITUTION OF PARTNERSHIPCHANGE IN PROFIT-SHARING
RATIO AMONG THE EXISTING PARTNERS]

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1. orZeku lk>snkjksa osG ykHk&foHkktu vuqikr esa ifjorZu ls gksrk gS (Change
in profit-sharing ratio of existing partners results in) :
(a) QeZ dk iquewZY;kadu (Revaluation of Firm)
(b) QeZ dk iquxZBu (Reconstitution of Firm)
(c) QeZ dk lekiu (Dissolution of Firm)

2. X, Y rFkk Z ,d QeZ osG lk>snkj gSa tks ykHk&gkfu dks 4 : 3 : 1 osG
vuqikr esa ckVrs gSaA mUgksaus Hkfo"; esa 5 : 4 : 3 osG vuqikr esa ykHk ckVus
dk fu.kZ; fd;kA X vkSj Y osG R;kx dk vuqikr gS (X, Y and Z are
partners in a firm, they divided profit and loss in the
ratio of 4 : 3 : 1. They decided to share profit in the
ratio 5 : 4 : 3. X's and Y's sacrifices are) :
(a)
(b)
(c)
lk>snkjh dk iquxZBuorZeku lk>snkjksa osG ykHk&foHkktu vuqikr esa ifjorZu

19
9. A ,oa B ,d QeZ esa lk>snkj gSa tks ykHk&gkfu dks 2 : 1 osG vuqikr esa
3. lk>snkjh QeZ osG iquxZBu ij vfyf[kr nsunkjh dk ys[kk djus ij gksxk
(On reconstitution of a partnership firm, recording of
foHkkftr djrs gSaA vc mUgksaus leku vuqikr esa ykHk&gkfu dks foHkkftr
an unrecorded liability will result in) :(B.S.E.B., 2010)
djus dk fu.kZ; fd;kA A dk R;kx gksxk (A and B are partners in
a
firm sharing profits and losses in the ratio of 2 : 1.
(a) orZeku lk>snkjksa dks ykHk (Gain to the existing partners)
Now they decide to share profits and losses equally.
(b) orZeku lk>snkjksa dks gkfu (Loss to the existing partners)
A's sacrifice will be)
(c) orZeku lk>snkjksa dks u ykHk u gkfu (Neither gain nor loss to
(d)
4.
the existing partners)

buesa ls dksbZ ugha (None of these)
iquewZY;kadu [kkrs dk 'ks"k iqjkus lk>snkjksa osG iwth [kkrksa esa gLrkarfjr fd;k
tkrk gS (The balance of Revaluation Account is trans-
ferred to old Partners' Capital Account in their) :

(B.S.E.B., 2011)
(a) iqjkus ykHk&gkfu vuqikr esa (Old Profit-sharing Ratio)
(b) u;s ykHk&gkfu vuqikr esa (New Profit-sharing Ratio)
(c) leku vuqikr esa (Equal Ratio)
6. X vkSj Y 2 : 3 osG vuqikr esa ykHk ckVrs gSaA Hkfo"; esa mUgksaus leku
vuqikr esa ykHk ckVuk r; fd;k gSA dkSu lk>snkj fdl vuqikr esa R;kx
djsxk\ (X and Y share profits in the ratio 2 : 3. In future
they have decided to share profits in equal ratio. Which
partner wil sacrifice in which ratio ?) :(B.S.E.B., 2010)
(a) X }kjk R;kx (X sacrifice)
(b) Y }kjk R;kx (Y sacrifice)
(c) Y }kjk R;kx (Y sacrifice)
(d)
7.
(b)
(c)
lk>snkjh QeZ osG iquxZBu ij lEifk;ksa osG ewY; esa o`f dk ifj.kke
(Increase in the value of assets on reconstitution of
the partnership firm results into) :(B.S.E.B., 2010, 11)
(c) orZeku lk>snkjksa dks u ykHk u gkfu (Neither gain nor loss to
the existing partners)
5.
(a)

lk>snkjh vuqcU/k esa ifjorZu dk ifj.kke gS (Change in the part-
nership agreement results in)

(a) QeZ dk iquxZBu (Reconstitution of Firm)
(b) QeZ dk lekiu (Dissolution of Firm)
(c) QeZ dk ,dhdj.k (Amalgamation of Firm)
8. lk>snkjh le>kSrs esa ifjorZu ls (Change in the partnership
agreement)
(a) lk>snkjksa osG e/; lEcU/k cny tkrs gSa (Changes the relationship among the partners)
(b) lk>snkjh O;olk; dk vUr gks tkrk gS (Results in end of partnership business)
(c) lk>snkjh QeZ dk fo?kVu gks tkrk gS (Dissolves the partnership firm)
10. A, B vkSj C ,d QeZ osG lk>snkj gSaA ;fn D u;s lk>snkj osG :i esa izos'k
djrk gS rks (A, B and C are partners in a firm, if D is
admitted as a new partner)
(B.S.E.B., 2010)
(a) iqjkuh QeZ dk fo?kVu gksxk (Old firm is dissolved)
(b) iqjkuh QeZ rFkk iqjkuh lk>snkjh dk fo?kVu gksxk (Old firm and
old partnership are dissolved)
(c) iqjkuh lk>snkjh iquxZfBr gksxh (Old partnership is reconstituted)
11. lk>snkjh QeZ osG iquxZBu ij vfyf[kr lEifk dk ys[kk djus ij gksxk
(Recording of an unrecorded asset on the reconstitution of a partnership firm will be) (B.S.E.B., 2010)
(a) orZeku lk>snkj dks ykHk (A gain to the existing partners)
(b) orZeku lk>snkj dks gkfu (A loss to the eixstng partners)
(c) orZeku lk>snkj dks u ykHk u gkfu (Neither a gain nor a
loss to the existing partners)

12. iquewZY;kadu [kkrk ;k ykHk&gkfu lek;kstu [kkrk gS (Revaluation
Account or Profit and Loss Adjustment Account is a)
(a) O;fDrxr [kkrk (Personal Account)
13. A, B, C vkSj D ykHk&gkfu dks cjkcj&cjkcj ckVrs gq, lk>snkj gSaA
mUgksaus vius ykHk&foHkktu vuqikr dks 2 : 2 : 1 : 1 esa ifjofrZr dj
fy;kA C fdruk R;kx djsxk\ (A, B, C and D are partners
sharing their profits and losses equally. They change
their profit sharing ratio to 2 : 2 : 1 : 1. How much will
C sacrifice ?)
(C.P.T. June, 2008)
(a)
(b)
(c)
14.
R;kx vuqikr (Sacrificing Ratio)

(a) u;k vuqikr iqjkuk vuqikr (New Ratio Old Ratio)
(b) iqjkuk vuqikr u;k vuqikr (Old Ratio New Ratio)
(c) izkfIr vuqikr iqjkuk vuqikr (Gaining Ratio Old Ratio)
(d) iqjkuk vuqikr izkfIr vuqikr (Old Ratio Gaining Ratio)
15. ykHk&izkfIr vuqikr (Gaining Ratio)
(b) iqjkuk vuqikr R;kx vuqikr (Old Ratio Sacrificing Ratio)
20
(c)
u;k vuqikr R;kx vuqikr (New Ratio Sacrificing Ra-
tio)
(d) iqjkuk vuqikr u;k vuqikr (Old Ratio New Ratio)
16. X rFkk Y ykHk o gkfu dks 3 : 2 osG vuqikr esa ckVrs gSaA 1 tuojh] 2014
ls os ykHk&gkfu dks leku vuqikr esa ckVus dks lger gq,A R;kx vuqikr
gksxk (X and Y shares profit and loss in 3 : 2. From 1st
January, 2014 they agreed to share profit equally. Their
sacrifice ratio will be)
(B.S.E.B., 2010)

(a) Sacrifice by X
(b) Sacrifice by Y

(c) Sacrifice by X
(d) Sacrifice by Y

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iz'u 1. iqrqy] dksey rFkk fiz;k lk>snkj gSa tks ykHkksa dks 3 : 3 : 2 osG
vuqikr esa ckVrs gSaA 1 vizSy] 2013 dks os ykHk&gkfu;ksa dks leku
vuqikr esa ckVus dks lger gq,A ykHk&foHkktu vuqikr esa ifjorZu dh
frfFk ij ykHk&gkfu [kkrs esa ` 1,60,000 dk MsfcV 'ks"k FkkA vko';d
tuZy izfof"V nhft,A (Putul, Komal and Priya are partners
sharing profits in the ratio of 3 : 3 : 2. On April 1, 2013 they
agreed to share profits and losses equally. On the date of
change in the profit-sharing ratio, the Profit & Loss Account
showed a debit balance of ` 1,60,000. Give the necessary
Journal entry.)
[mkj % 1. (b), 2. (a) 3. (b), 4. (a), 5. (a), 6. (c), 7. (a), 8. (a),

9. (c), 10. (c), 11. (a), 12. (c), 13. (d), 14. (b), 15. (a),
16. (c)]
Solution :
Journal Entry
Date
2013
Apr. 1
Dr.
Particulars
L.F. Amount
`
Putuls Capital A/c

Komals Capital A/c
Priyas Capital A/c
To Profit & Loss A/c
Dr.
Dr.
Dr.
Cr
Amount
`
60,000
60,000
40,000
1,60,000
(Being undistributed loss transferred to the Capital A/cs of the partners in the old ratio)
iz'u 2. A, B rFkk C ,d QeZ esa lk>snkj gSa tks ykHkksa dks cjkcj&cjkcjckVrs gSaA mudh vpy iwth e'k% ` 40,000, ` 30,000 ,oa ` 20,000
gSA lk>snkjh lays[k osG vuqlkj mUgsa iwth ij 10% izfr o"kZ dh nj ls C;kt izkIr gksuk gSA C;kt dk izko/kku ugha fd;k tk ldk vkSj o"kZ osG ` 45,000

ykHk dks ckV fn;k x;kA vko';d lek;kstu izfof"V fn[kkb,A (A, B and
C are partners in a firm sharing profits equally. Their
fixed capitals were ` 40,000, ` 30,000 and ` 20,000 respectively. As per Partnership Deed they are to get interest on
capital @ 10% p.a. The interest on capital could not be provided and the profits for the year ` 45,000 were distributed.
Show the necessary adjustment entry.)
Solution :
Step I :
Statement showing the Adjustment to be made

Particulars
I.
II.
Amount already credited to be debited (Dr.)

Amount should have been credited (Cr.) :
(a) As interest on capital @ 10%
(b) Share of Profit (` 45,000 9,000) ` 36,000
Amount
15,000
15,000
15,000
15,000
3,000
2,000
12,000
12,000
15,000
14,000
Dr. 1,000
9,000
36,000
45,000
4,000
12,000
16,000
Cr. 1,000
III. Difference (I II) or Net Effect

Step II :
Adjusting Journal Entry
Date
Dr.
Particulars
L.F. Amount
`
C's Current A/c

To As Current A/c
Dr.
Cr.
Amount
`
1,000
1,000
(Being the interest on capital omitted to be provided, now corrected)

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iz'u 1. R, S vkSj T ,d QeZ esa lk>snkj gSa tks ykHk&gkfu dks

3 : 3 : 2 osG vuqikr esa foHkkftr djrs gSaA 31 ekpZ] 2013 dks
mudk vkfFkZd fpk vxz izdkj Fkk (R, S and T are partners in a
firm sharing profits and losses in the ratio of 3 : 3 : 2. Their

Balance Sheet as on 31st March, 2013 was as
follows) :
lk>snkjh dk iquxZBuorZeku lk>snkjksa osG ykHk&foHkktu vuqikr esa ifjorZu

nkf;Ro (Liabilities)
Amount
21
lEifk;k (Assets)
Amount
ysunkj (Creditors)
iwth [kkrs (Capital A/cs) :
R
S
T
73,600
`
50,000
50,000
36,000
1,36,000
2,09,600
cSad esa jksdM+ (Cash at Bank)

nsunkj (Debtors)
?kVk;k % izko/kku (Less : Provision)
jgfr;k (Stock)
Hkou (Building)
90,000
16,000
25,600
74,000
50,000
60,000
2,09,600
to be reduced by ` 6,000 and provision for doubtful debts to

be reduced by ` 4,000.)
bl frfFk dks mUgksaus fu.kZ; fd;k fd Hkfo"; esa ykHk esa T dks 1/5
fgLlk feysxkA mUgksaus ;g Hkh fu.kZ; fd;k fd Hkou dk ewY;kadu ` 80,000
fd;k tk;s] jgfr;k dks ` 6,000 ls de fd;k tk;s vkSj lafnX/k .kksa osG
fy;s izkokku dks ` 4,000 ls de fd;k tk;sA (On this date they
lEifk;ksa osG iquewZY;kadu osG lEcU/k esa QeZ dh iqLrdksa esa jkstukepk
izfof"V;k dhft, vkSj iquewYZ ;kadu [kkrk rS;kj dhft,A (Pass Journal
decided that in future T will get 1/5th share in profits. They

further decided that the building be valued at ` 80,000, stock
entries in the books of the firm regarding the revaluation

of assets and prepare Revaluation Account.)
Solution :
Date
2013
Apr. 1
Journal Entries
Dr.
Particulars
L.F. Amount
`
Building A/c
Provision for Doubtful Debts A/c
To Revaluation A/c
Dr.
Dr.
Cr.
Amount
`
20,000
4,000
24,000
(Being value of building appreciated and provision for D.D. reduced)
Revaluation A/c
To Stock A/c
Dr.
6,000

(Being value of stock reduced)
Revaluation A/c
To R's Capital A/c
To S's Capital A/c
To T's Capital A/c
6,000
Dr.
18,000
6,750
6,750
4,500
(Being profit on revaluation transferred to Partners' Capital Accounts in their old profit-sharing
ratio)
Dr.
Revaluation Account
Particulars
Amount
Cr.
Particulars
Amount
To Stock A/c
To Capital A/cs :
R
S
T
6,000
`
6,750
6,750
4,500
By Building A/c
By Provision for Doubtful Debts A/c
18,000
24,000
iz'u 2. X, Y vkSj Z 3 : 2 : 1 osG vuqikr esa ,d QeZ esa lk>snkj gSaA

1 vizSy] 2013 dks mUgksaus Hkfo"; osG ykHkksa dks 7 : 5 : 4 osG vuqikr esa
ckVus dk fu.kZ; fd;kA bl frfFk dks lkekU; lap; ` 76,000 vkSj
lEifk;ksa o nkf;Roksa osG iquewZY;kadu ij ` 68,000 dk ykHk gSA ;g
fu'p; fd;k x;k fd fps osG vkdM+ksa dks izHkkfor fd;s fcuk lek;kstu
fd;k tkuk pkfg;sA ,dy jkstukepk izfof"V }kjk lek;kstu dhft,A
(X, Y and Z are partners in a firm in the ratio of 3 : 2 : 1. On
1st April, 2013 they decided to share the profits in future in
the ratio of 7 : 5 : 4. On this date General Reserve is
` 76,000 and profit on revaluation of assets and liabilities
being ` 68,000. It was decided that adjustment should be
20,000
4,000
24,000
made without altering the figures in the Balance Sheet.
Make adjustment by one single Journal entry.)
(BSEB, 2010, 14)
Solution :
lk>snkjksa dk R;kx@ykHk fgLls dh x.kuk

R;kx okyk fgLlk = iqjkuk fgLlk u;k fgLlk
ykHk&izkfIr fgLlk = u;k fgLlk iqjkuk fgLlk
X=
(R;kx)
Y=
(R;kx)
22
Z=
ykHk&izkfIr okys lk>snkj dk fgLlk =
(ykHk)
lkekU; lap; = ` 76,000

iquewZY;kadu dk ykHk = ` 68,000
oqGy ewY; (Cr.) = ` 1,44,000
` 1,44,000
= ` 12,000
R;kx okys lk>snkjksa dk fgLlk

X : ` 1,44,000
= ` 9,000; Y : ` 1,44,000
= ` 3,000
Journal Entry
Date
2013
Apr. 1
Dr.
Particulars
L.F. Amount
`
Zs Capital A/c
To Xs Capital A/c
To Ys Capital A/c
Dr.
Cr.
Amount
`
12,000
9,000
3,000
(Being net share of general reserve and profit adjusted)
iz'u 3. 1 vizSy] 2014 dks e'k% ` 60,000 vkSj ` 20,000 dh

iwth osG lkFk vfer vkSj lqfer lk>snkj gSaA O;kikj dk ykHk (izlafons osG
izko/kkuksa osG iwoZ) o"kZ 2014-15 esa ` 24,000 gqvkA iwth ij C;kt 6% izfr
o"kZ dh nj ls gSA lqfer dks ` 6,000 dk okf"kZd osru feyrk gSA lk>snkjksa
osG vkgj.k e'k% ` 6,000 rFkk ` 4,000 gSaA vkgj.k ij vfer rFkk
lqfer dk C;kt e'k% ` 200 vkSj ` 100 gSA vfer o lqfer osG chp
ykHk dk foHkktu dSls gksxk\ muosG iwth [kkrs Hkh fn[kkb,A (Amit and
respectively on 1st April, 2014. The trading profit (before

taking into account the provisions of the Deed) for the year
2014-15 was ` 24,000. Interest on capital is to be allowed
6% p.a. Sumit is entitled to a salary of ` 6,000 p.a. The
drawings of the partners were ` 6,000 and ` 4,000. The
interest on drawings for Amit being ` 200 and for Sumit
` 100. Show how the profit will be divided between Amit
and Sumit and also show the Capital Accounts.) :
Sumit are partners with captals of ` 60,000 and ` 20,000

Solution :
Dr.
Profit & Loss Appropriation Account

Particulars
Amount
Particulars

Cr.
Amount
To Interest on Capital A/c

Amit
Sumit
To Salary to Sumit
To Amit's Capital A/c (Profit)
To Sumit's Capital A/c (Profit)
Dr.
Date
2015
March 31
March 31
March 31
3,600
1,200
4,800
6,000
6,750
6,750
24,300
By P & L A/c (Net Profit)

By Interest on Drawings A/c :
Amit
Sumit
200
100
300
Amit's Capital Account

Particulars
Amount
`
To Drawings A/c
To Interest on Drawings A/c
To Balance c/d
6,000
200
64,150
Date
Cr.
Particulars
2014
April 1 By Balance b/d
2015
March 31 By Interest on Capital A/c
March 31 By P/L Appropriation A/c
Dr.
Amount
`
60,000
3,600
6,750
70,350
2015
April 1
2015
March 31
March 31
24,000
`
24,300
70,350
Date
By Balance b/d
64,150
Sumit's Capital Account

Particulars
Amount
`
To Drawings A/c
To Interest on Drawings A/c
4,000
100
Date
2014
April 1
Cr.
Particulars
Amount
`
By Balance b/d
20,000
[;kfr % vFkZ] izfr] izHkkfor djus okys dkjd ,oa ewY;kadu fof/k;k
March 31
To Balance c/d
29,850
2015
March 31 By Interest on Capital A/c
March 31 By Salary A/c
March 31 By P/L Appropriation A/c
33,950
23
1,200
6,000
6,750
33,950
2015
April 1
By Balance b/d
29,850
[;kfr % vFkZ] izfr] izHkkfor djus okys dkjd

,oa ewY;kadu fof/k;k
[GOODWILL : MEANING, NATURE, FACTORS AFFECTING
AND METHODS OF VALUATION]
(c)
(d)

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pkyw lEifk (Current Asset)

5. ,d lEifk tks dkYifud (f=e) ugha gS ijUrq vewrZ izfr dh gS vkSj
mldk olwyh ewY; gksrk gS (An asset which is not fictitious but

1. fuEu ?kVd [;kfr dks izHkkfor djrs gSa flok; (Following are the
factors affecting goodwill except) :
(a) O;olk; dh izfr (Nature of business)
(b) izcU/k dh dk;Z{kerk (Efficiency of Management)
(c) rduhdh Kku (Technical Knowledge)
(d) xzkgdksa dh fLFkfr (Location of the Customers)
2. foxr rhu o"kks osG ykHk gSa ` 42,000, ` 39,000 rFkk ` 45,000A vkSlr
ykHkksa osG nks o"kZ osG ; ij [;kfr dk ewY; gksxk (The Profit of the
last three years are ` 42,000, ` 39,000 and ` 45,000.
Value of goodwill at two years' purchases of the average profits will be) :
(a) ` 42,000
(b) ` 84,000
(c) ` 1,26,000
(d) ` 36,000
3. vkSlr ykHk vk/kkj osG vUrxZr [;kfr dh x.kuk dh tkrh gS (Under
average profit basis goodwill is calculated by) :
(a) [kjhns x;s o"kks dh la[;k vkSlr ykHk (No. of years purchased Average profit)
(b) [kjhns x;s o"kks dh la[;k vf/kykHk (No. of years purchased
Super profit)
(c) vfr ykHk izR;kf'kr izR;k; dh izfr'kr nj (Super Profit
Expected Rate of Return)
4. [;kfr gS (Goodwill is) :
(B.S.E.B., 2010)
(a) ewrZ lEifk (Tangible Asset)
(b) vewrZ lEifk (Intangible Asset)
intangible in nature, having realisable value is) :

(a) e'khujh (Machinery)
(b) Hkou (Building)
(c) QuhZpj (Furniture)
(d) [;kfr (Goodwill)
6.
tc iqLrdksa esa [;kfr u gks vkSj [;kfr [kkrk [kksyk tk,] rks - - - - - [kkrk dks MsfcV fd;k tk,xk (When there is no Goodwill Ac-
count in the books and goodwill is raised, ....... account

will be debited) :
(C.P.T. June, 2009)
(a) lk>snkj dh iwth (Partner's Capital)
(b) [;kfr (Goodwill)
(c) jksdM+ (Cash)
(d) lap; (Reserve)
7. lkekU; ykHk ij vkSlr ykHk dk vkf/kD; dgykrk gS (The excess of
average profits over the normal profits are called) :
(B.S.E.B., 2012, 13)
(a) vf/kykHk (Superprofits)
(b) fuf'pr ykHk (Fixed Profits)
(c) vlkekU; ykHk (Abnormal Profits)
(d) lkekU; ykHk (Normal Profits)
8. fuEu lwpuk ls iwthdj.k fof/k dk iz;ksx djrs gq, QeZ dh [;kfr Kkr
dhft, (Find the goodwill of the firm using capitalisation
method from the following information) :
QeZ esa yxh dqy iwth] ` 80,000; izR;k; dh mfpr nj 15% o"kZ dk
ykHk ` 1,20,000. (Total capital employed in the firm
` 80,000; Reasonable Rate of Return 15%, Profit for
the year ` 1,20,000.)
(a) ` 8,20,000
(b) ` 12,00,000
(c) ` 7,20,000
(d) ` 4,20,000
9. vf/kykHk vk/kkj ds vUrxZr [;kfr dh x.kuk dh tkrh gS (Under
super profit basis goodwill is calculated by) :
24
(b)
10.
11.
12.
13.
14.
[kjhns x;s o"kks dh la[;k vfr ykHk (No. of years pur-
chased Super profit)

(c) vfr ykHk izR;k; dh izR;kf'kr nj (Super Profit Expected
rate of return)
fiNys rhu o"kks ds ykHk e'k% ` 6,000, ` 13,000 rFkk ` 8,000 gSA
vkSlr 'kq ykHk ds nks o"kks ds ; ij [;kfr gksxh (Profits of the
last three years were ` 6,000; ` 13,000 and ` 8,000
respectively. Goodwill at two years purchase of the
average net profit will be) :
(C.P.T., 2008 Dec.)
(a) ` 81,000
(b) ` 27,000
(d) ` 18,000
(c) ` 9,000
,d QeZ us fiNys 3 o"kks esa 'kq ykHk fuEuor~ dek;s % 2011 ` 15,000;
2012 ` 20,000; 2013 ` 25,000A QeZ esa fofu;ksftr iwth
` 1,00,000 gS_ yxhZ gqbZ iwth ij mfpr izR;k; nj 15% gSA rhu o"kks esa
vtr vkSlr vf/kykHk ds nks o"kks ds ; ds vk/kkj ij [;kfr gSA (A
firm earned net profits during last 3 years as follows :
2011 ` 15,000, 2012 ` 20,000, 2013 ` 25,000. The capital investment in the firm is ` 1,00,000. Fair rate of
return on capital employed is 15%. Goodwill on the
basis of 2 years purchase of average super profit earned
during 3 years is)
(C.P.T., 2007 Aug.)
(a) ` 8,000
(b) ` 10,000
(c) ` 12,000
(d) ` 15,000
vf/kykHk ls vki D;k le>rs gSa\ (What do you mean by Super
Profit ?) (B.S.E.B., 2010; C.P.T., 2007 Aug., 2008 June)
(a) dqy ykHk@o"kks dh la[;k (Total Profit/No. of Years)
(b) vkSlr ykHk&lkekU; ykHk (Average ProfitNormal Profit)
(c) Hkkfjr ykHk@; o"kks dh la[;k (Weighted Profit/No. of
Years Purchase)
,d O;olk; esa fofu;ksftr iwth ` 1,50,000; ykHk ` 50,000 vkSj
lkekU; ykHk dh nj 20%A iwthdj.k fof/k ls [;kfr dh jkf'k gksxh
(Capital employed in a business is ` 1,50,000; Profits
are ` 50,000 and the normal rate of profit is 20%. The
amount of goodwill as per capitalisation method will
be)
(B.S.E.B., 2010; C.P.T., 2006 Nov.)
(a) ` 2,00,000
(b) ` 1,50,000
(d) ` 1,00,000
(c) ` 3,00,000
[;kfr dh x.kuk dk Hkkfjr vkSlr fof/k dk iz;ksx fd;k tkrk gS tc
(Weighted average method of calculating goodwill is

used when) :
(a) ykHk vleku gks (Profit are unequal)
(b) ykHk ds c<+us dh izo`fk gS (Profit has increasing trend)
(c) ykHk ds ?kVus dh izo`fk gS (Profit has decreasing trend)
(d) ;k rks b ;k c (Either b or c)
15. O;olk; dh izflf ds ekSfd ewY; dks dgrs gSaA (The monetary
value of reputation of the business is called) :
(a) [;kfr (Goodwill)
(b) vf/kykHk (Super Profit)
(c) vf/kiks"k (Surplus)
(d) vlkekU; ykHk (Abnormal Profit)
16. ,d QeZ dk vkSlr ykHk ` 60,000 gSA fofu;ksftr iwth ij izR;k; dh
nj 12.5% izfr o"kZ gSA QeZ esa dqy fofu;ksftr iwth ` 4,00,000 FkhA
vfrykHk ds nks o"kks ds ; ds vk/kkj ij [;kfr gS (A firm has an
average profit of ` 60,000. Rate of return on capital

employed is 12.5% p.a. Total capital employed in the
firm was ` 4,00,000. Goodwill on the basis of two years
purchase of super profit is)
(C.P.T., 2007 Feb.)
(a) ` 20,000
(b) ` 15,000
(c) ` 10,000
17. iwthdj.k fof/k ds vUrxZr [;kfr dh x.kuk dh tkrh gS (Under capitalization method, goodwill is calculated by)
(a) vkSlr ykHk ; o"kks dh la[;k (Average profit years of
purchase)
(b) vf/kykHk ; o"kks dh la[;k (Super Profit years of
purchase)
(c) vuqekfur Hkkoh ykHkksa dk dqy ckxr ewY; (Total of the discounted value of expected future benefits)
(d) vf/kykHk vuqekfur vk; dh nj (Super Profit expected
rate of return)
18. ,d lk>snkjh QeZ esa dqy fofu;ksftr iwth ` 1,00,000 gS vkSj bldk
vkSlr ykHk ` 25,000 gSA leku ifjfLFkfr;ksa esa dk;Zjr leku Qeks esa
izR;k; dh lkekU; nj 20% gSA QeZ dk vf/kykHk gS (Total capital
employed by a partnership firm is ` 1,00,000 and its
average profit is ` 25,000. Normal rate of return is
20% in similar firms working under similar conditions.
super profit of the firm is) :
(a) ` 3,000
(b) ` 5,000
(c) ` 2,000
(d) ` 4,000
19. fuEu lwpuk ls iwthdj.k fof/k dk mi;ksx djrs gq, QeZ dh [;kfr Kkr
dhft,A (Find the goodwill of the firm using capitalisation method from the following information)
QeZ esa dqy fofu;ksftr iwth (Total capital employed in the
firm)
` 28,00,000
izR;k; dh mfpr nj (Reasonable Rate of Return)
20%
o"kZ ds fy, ykHk (Profit for the year)
` 12,00,000
(b) ` 40,00,000
(a) ` 32,00,000
(c) ` 1,60,000
(d) ` 48,00,000
20. ,d QeZ ` 1,10,000 ykHk vtr djrh gSA blh izdkj ds O;olk; esa
lkekU; izR;k; nj 10% gSA dqy lEifk;ksa dk ewY; ([;kfr dks NksMd
+ j)
rFkk ck nkf;Ro e'k% ` 11,00,000 vkSj ` 1,00,000 gSA [;kfr dk
ewY; gS (A firm earns profit of ` 1,10,000. The normal
rate of return in a similar type of business is 10%. The
value of total assets (excluding goodwill) and total outside liabilities are ` 11,00,000 and ` 1,00,000 respectively. The value of goodwill is) :
(a) ` 1,00,000
(b) ` 10,00,000
(c) 'kwU; (zero)
(d) buesa ls dksbZ ugha (none of these)
21. [;kfr bl lEHkkouk ds vfrfjDr vkSj dqN ugha gS fd iqjkus xzkgd iqjkus
LFkku dks gh pqurs gSaA [;kfr dh ;g ifjHkk"kk --------}kjk nh xbZ FkhA

(Goodwill is nothing more than probability that the
old customer will resort to the old place. This definition of goodwill was given by)
(a) Likblj ,oa isxyj (Spicer and Pegler)
(b) vkbZ- lh- ,- vkbZ- (ICAI)
(c) ykWMZ ,yVu (Lord Elton)
(d) ,- vkbZ- lh- ih- ,- (AICPA)
[;kfr % vFkZ] izfr] izHkkfor djus okys dkjd ,oa ewY;kadu fof/k;k
22.
[;kfr dk ewY;kadu fiNys ikp o"kks osG vkSlr ykHk osG 1 o"kks osG ;
ij fd;k tkrk gSA QeZ us izFke rhu o"kks esa ` 20,000, ` 18,000 rFkk
` 9,000 ykHk dek;k vkSj 2 o"kks esa ` 2,000 rFkk ` 5,000 dh gkfu
mBk;hA [;kfr dh jkf'k gksxh (Goodwill is to be calculated at
one and half years' purchase of average profit of last 5
years. The firm earned profits during 3 years as
` 20,000, ` 18,000 and ` 9,000 and suffered losses of
` 2,000 and ` 5,000 in last 2 years. The amount of goodwill will be)
(C.A., C.P.T., 2008 Feb.)
(a) ` 12,000
(b) ` 10,000
(c) ` 15,000
23.
fiNys rhu o"kks osG vkSlr ykHk osG nqxqus ij [;kfr dk ewY; D;k gksxk ;fn
rhu o"kks osG ykHk ` 4,000, ` 5,000 ,oa ` 6,000 Fks (What will be
the value of goodwill at twice the average of last three
years profit if the profits of the last three years were
` 4,000, ` 5,000 and ` 6,000)
(a) ` 5,000
(b) ` 10,000
(c) ` 8,000
[mkj % 1. (d), 2. (b) 3. (a), 4. (b), 5. (d), 6. (b), 7. (a), 8. (c),
9. (b), 10. (d), 11. (b), 12. (b), 13. (d), 14. (d), 15. (a),
16. (a), 17. (d), 18. (b), 19. (a), 20. (a), 21. (c),
22. (a), 23. (b)]
25
iz'u 2. [;kfr osG ewY;kadu dh n'kkvksa dks crkb,A (Explain the

conditions for valuation of goodwill.)
mkj(i) tc O;olk; cspk tk jgk gksA
(ii) tc QeZ esa fdlh u;s lk>snkj dk izos'k gks jgk gksA
(iii) tc lk>snkj dk vodk'k xzg.k gks jgk gksA
(iv) tc fdlh lk>snkj dh e`R;q gks xbZ gksA
(v) tc lk>snkjksa osG ykHkkykHk vuqikr esa ifjorZu gks jgk gksA
iz'u 3. [;kfr osG ewY;kadu dh fof/k;ksa osG uke nsaA (Give the
name of the methods of valuation of goodwill.)
mkj(i) vkSlr ykHk fof/k] (ii) vf/kykHk fof/k] (iii) iwthdj.k fof/k]
(iv) ; izfrQy fof/k] (v) okf"kZdh fofkA
iz'u 4. [;kfr dks izHkkfor djus okys rhu ?kVdksa dks crkb,A
(Explain three factors affecting goodwill.) (B.S.E.B., 2014)
mkj(i) izcU/k dh oqG'kyrk;fn O;olk; dk izcU/k ;ksX; ,oa vuqHkoh
yksxksa osG gkFkksa esa gS rks ykHk vkSj [;kfr esa o`f gksxhA
(ii) oLrq dh izfr;fn O;olk; esa fLFkj ekax okyh oLrqvksa dk dkjksckj
gks jgk gks rks [;kfr vf/kd gksxhA blosG foijhr vfLFkj ekax okyh oLrqvksa osG
O;olk; dh [;kfr de gksxhA
(iii) tksf[ke dh ek=k;fn O;olk; esa tksf[ke vf/kd gS rks [;kfr dk
ewY; de gksxk vkSj ;fn tksf[ke de gS rks [;kfr dk ewY; vf/kd gksxkA
iz'u 5. xzkgd osG LoHkko osG vuqlkj [;kfr dh izfr osG uke crkb,A
(Give the name of nature of goodwill on the basis of nature

of customer.)
mkj(i) fcYyh dh izfr dh [;kfrA
`

12345678901234
(ii) oqG+ks
dh izfr dh+ [;kfrA
+

(iii) pwgs dh izfr dh [;kfrA
iz'u 1. [;kfr dh ikp fo'ks"krk, crkb,A (State five charac izfr dh [;kfrA
(iv) [kjxks'k dh
teristics of Goodwill.)
iz'u 6. [;kfr x.kuk dh vkSlr ykHk fof/k rFkk vf/kykHk fof/k esa
mkj(i) [;kfr O;kikj dh vewrZ lEifk gSA (ii) [;kfr dk lgh&lgh
vUrj crkb,A (Distinguish between Average Profit Method
ewY; Kkr djuk dfBu gksrk gSA (iii) [;kfr vf/kd ykHk vtZu djus esa lgk;d and Super Profit Method of calculating Goodwill.)
gksrh gSA (iv) [;kfr osG ewY; esa ifjorZu gksrs jgrs gSaA (v) [;kfr esa xzkgdksa dks
(B.S.E.B., 2014)
vkd"kr djus dh 'kfDr gksrh gSA

mkj
vUrj dk vk/kkj
1.
vFkZ
2.
3.
4.
fofu;ksftr iwth
ykHk dh lkekU; nj
o"kks dh la[;k
vkSlr ykHk fof/k rFkk vf/kykHk fof/k esa vUrj

vkSlr ykHk fof/k
vf/kykHk fof/k
vkSlr ykHk dk vk'k; oqGy ykHk esa o"kks dh la[;k ls Hkkx

nsus ls gSA
blosG fy, fofu;ksftr iwth vko';d ug gSA
bl fof/k esa ykHk dh lkekU; nj dk irk gksuk vko';d ug gSA
blesa ,d ls vf/kd o"kks dk ykHk irk gksuk vko';d gSA
iz'u 7. ,d QeZ dh [;kfr xr 5 o"kks osG vkSlr ykHk osG rhu o"khZ;
; ij vkdh tkrh gSA ykHk bl izdkj gSa % (The goodwill of a firm
is estimated at three years purchase of the average profit
of last five years which are as follows) :
Years
Profit/Loss (`)
2009
1,00,000
2010
1,80,000
2011
(70,000)
2012
1,50,000
2013
1,40,000
vf/kykHk ls vk'k; lkekU; ykHk ls okLrfod ykHk dk vkf/kD;

gSA
blosG fy, fofu;ksftr iwth vko';d gSA
bl fof/k esa ykHk dh lkekU; nj dk irk gksuk vko';d gSA
blesa osGoy ,d o"kZ osG lkekU; ykHk dh vko';drk iM+rh gSA
Solution : Average Profit

=

= ` 1,00,000

Goodwill = Average Profit No. of Years of Purchase
= ` 1,00,000 3
= ` 3,00,000
iz'u 8. fiz;adk us fu'kk dk O;kikj 1 tuojh] 2014 dks [kjhnk] xr
rhu o"kZ esa fu'kk osG O;kikj dks fuEufyf[kr ykHk izkIr gq, Fks (Priyanka
bought Nishas business on 1st January, 2014. The profits
26
disclosed by Nishas business for the last three years were

as follows) :
Year
Profit (`)
2011
20,000 (` 25,000 vlkekU; ykHk lfgr)
2012
25,000 (` 5,000 vlkekU; gkfu lfgr)
2013
22,000 (` 2,000 chek izhfe;e ugha ?kVk;k x;k gS tks
blh lky djk;k x;k gSA)

[;kfr dk ewY;kadu xr rhu o"kks osG vkSlr ykHk osG nqxqus ij dhft,A
(Calculate the value of Goodwill on the basis of two years
purchase of average profit of last three years.)
Solution : Calculation of Actual Profit
2011
` 20,000 2,500 = ` 17,500
2012
` 25,000 + 5,000 = ` 30,000
2013
` 22,000 2,000 = ` 20,000
(i) dqy ifjlEifk;k (Total Assets)
` 10,00,000
` 1,80,000
(ii) ck nkf;Ro (External Liabilities)
(iii) lkekU; izR;k; dh nj (Normal Rate of Return) 10%
(iv) xr ikp o"kks dk vkSlr 'kq ykHk (Average Net
Profit of the last five years)

Solution :
` 1,00,000
Average Profit = ` 1,00,000, Total Assets = ` 10,00,000,

External Liabilities = ` 1,80,000
Therefore,
Capital Employed = Total Assets External Liabilities
Capital Employed = 10,00,000 1,80,000 = 8,20,000

` 82,000
Normal Profit = 8,20,000

Super Profit = Average Profit Normal Profit
= ` 1,00,000 82,000 = ` 18,000
(i) Goodwill by Capitalisation Method
Total Actual Profit = ` 67,500

=
= ` 22,500

Goodwill = Average Profit No. of Purchase years
=
= ` 1,80,000
= ` 22,500 2
(ii) Goodwill by Super Profit Method
= ` 45,000
= Super Profit No. of Purchase Year
iz'u 9. fuEu lwpuk ls (i) iwthdj.k fof/k] ,oa (ii) vf/kykHkksa osG 3
= ` 18,000 3 = ` 54,000
o"kks osG ; ij [;kfr dh x.kuk djsa (From the following infor
5WRGT2TQHKV

mation, calculate goodwill by (i) Capitalisation method, and

0QTOCN4CVGQH4GVWTP
(ii) at 3 years' purchase of super profits :
Average Profit =
lkksnkjh dk iquxZBu % lkksnkj dk izos'k

[RECONSTITUTION OF PARTNERSHIP : ADMISSION OF A PARTNER]

12345678901234567

1.
u;s lk>snkj osG }kjk [;kfr dh jkf'k nh tkrh gS (The amount of

goodwill is paid by new partner) :
(B.S.E.B., 2010)
(a) iwth osG Hkqxrku osG fy, (for the payment of capital)
(b) ykHk esa fgLlk ikus osG fy, (for sharing the profit)
(c) lEifk;k ; djus osG fy, (for purchase of assets)
(d) buesa ls dksbZ ugha (none of these)
2.
lk>snkj osG izos'k ij] iqjkus rqyu&i= esa n'kkZ;s x;s lap; gLrkUrfjr djsaxs
(At the time of admission of a new partner general

reserve appearing in the old Balance Sheet is transferred to) :
(B.S.E.B., 2010, 11)
(a) lHkh lk>snkjksa osG iwth [kkrksa esa (All Partners Capital
Accounts)
(b) u;s lk>snkjksa osG iwth [kkrksa esa (New Partners Capital
Accounts)
(c) iqjkus lk>snkjksa osG iwth [kkrksa esa (Old Partners Capital
Accounts)
3. iquewZY;kadu ij ykHk ;k gkfu dks ogu djrs gSa (Profit or Loss on
Revaluation is borne by) :
(a) iqjkus lk>snkj (Old Partners)
(b) u;s lk>snkj (New Partners)
(c) lHkh lk>snkj (All Partners)
(d) osGoy nks lk>snkj (Only Two Partners)
lk>snkjh dk iquxZBu % lk>snkj dk izos'k

27
4. u;s lk>snkj }kjk [;kfr dh jkf'k udn ykus ij iqjkus lk>snkjksa }kjk ckVh
(b) ,d lk>snkj ds vodk'k xzg.k djus ij (Retirement of a
tkrh gS (Share of goodwill brought by new partner in
partner)
cash is shared by old partners in) : (B.S.E.B., 2011)
(c) ,d lk>snkj ds izos'k ij (Admission of a partner)
(a) R;kx vuqikr esa (Sacrificing Ratio)
(b) iqjkus vuqikr esa (Old Ratio)
11. A, B rFkk C lk>snkj gSa tks ykHk&gkfu 6 : 3 : 3 esa ckVrs gSaA os D dks
(c) u;s vuqikr esa (New Ratio)
lk>snkjh esa 1/8 Hkkx ds fy, ysus dks lger gq,A u;k ykHk foHkktu
vuqikr gksxk (A, B and C are partners sharing profits and
(d) cjkcj vuqikr esa (Equally)
losses in the ratio 6 : 3 : 3. They agreed to take D into
5. v] c vkSj l rhu lk>snkj gSa tks ykHk o gkfu;ksa dks 4 : 3 : 2 osG vuqikr

partnership for 1/8 share of profits. The new profit
esa ckVrs gSaA n dks Hkkx osG fy, izos'k fn;k tkrk gS] u;k vuqikr gksxk
(A, B and C are three partners sharing profits and losses
in the ratio of 4 : 3 : 2. D is admitted for

share, the
new ratio will be) :
(b) 5 : 3 : 2 : 1
(a) 10 : 7 : 7 : 4
(c) 4 : 3 : 2 : 1
(d) buesa ls dksbZ ugha
6. v vkSj c ,d QeZ esa lk>snkj gSa tks ykHkksa dks 3 : 2 osG vuqikr esa
foHkkftr djrs gSaA os l dks QeZ osG ykHk esa Hkkx osG fy, izos'k nsrs gSaA
v] c rFkk l dk u;k ykHk&foHkktu vuqikr gksxk (A and B are
partners in a firm sharing profits in the ratio of 3 : 2.
They admit C as a new partner for rd share in the
profits of the firm. The new profit sharing ratio of A, B
and C would be) :
(B.S.E.B., 2011)
(b) 3 : 2 : 2
(a) 3 : 2 : 1
(c) 3 : 2 : 3
(d) 6 : 4 : 5
7. ^,Dl* vkSj ôkbZ* lk>snkj gSa tks ykHkksa dks 1 : 1 osG vuqikr esa foHkkftr
djrs gSaA os ^tsM* dks Hkkx osG fy, izo's k djkrs gSa ftlus [;kfr osG fy,
` 25,000 dk ;ksxnku fn;kA QeZ dh [;kfr dk oqGy ewY; gksxk (X and
Y are partners sharing profits in the ratio of 1 : 1.
They admit Z for th share who contributed ` 25,000
for his share of goodwill. The total value of goodwill of
the firm will be) :
(a) ` 2,50,000
(b) ` 50,000
(d) ` 1,25,000
(c) ` 1,00,000
8. A, B vkSj C ,d QeZ esa lk>snkj gSaA ;fn D u;s lk>snkj osG :i esa izos'k
djrk gS] rks (A, B and C are partners in a firm. If D is
admitted as a new partner, then) : (B.S.E.B., 2010)
(a) iqjkuh QeZ dk fo?kVu gksxk (Old firm is dissolved)
(b) iqjkuh QeZ rFkk iqjkuh lk>snkjh dk fo?kVu gksxk (Old firm and
old partnership is dissolved)
(c) iq j kuh lk>s n kjh iq u xZ f Br gks x h (Old Partnership is
reconstituted)
9. u;s lk>snkj }kjk [;kfr ds fy, yk;h x;h udn jkf'k orZeku lk>snkjksa
}kjk fdl vuqikr esa ckVh tkrh gSa (In which ratio, the cash
brought in for goodwill by the new partner is shared
by the existing partners) :
(a) ykHk&foHkktu vuqikr (Profit sharing ratio)
(b) iwth vuqikr (Capital ratio)
(c) R;kx ds vuqikr esa (Sacrificing ratio)
10. R;kx vuqikr fudkyk tkrk gS (Sacrifice ratio is ascertained at
the time of) :
(a) lk>snkj dh e`R;q ij (Death of a partner)
sharing ratio will be)

(a) 12 : 27 : 37 : 42
(c) 1 : 2 : 3 : 4
(b) 42 : 21 : 21 : 12
(d) 7 : 5 : 3 : 1
12. ^lgh* fooj.k dks fpfr dhft, (State the 'true' statement)
(a) lk>snkj ds izos'k ds le; lEifk;ksa rFkk nkf;Roksa ds iquewZY;kadu gsrq
ykHk&gkfu lek;kstu [kkrk rS;kj fd;k tkrk gS (Profit and Loss
Adjustment A/c is prepared for revaluation of assets
and liabilities on the admission of a partner)
(b) QeZ dh foxr gkfu;ksa ds fy;s u;k lk>snkj nk;h gksrk gS (The new
partner is liable for the past losses of the firm)
(c) ;fn u;k lk>snkj [;kfr dh jkf'k ykus esa vleFkZ gks rks ys[kkadu
ekud&26 ds vuqlkj QeZ dh iqLrd esa [;kfr [kkrk [kksyk tk
ldrk gS (In case the new partner is unable to bring
in cash for goodwill, a Goodwill Account may be
raised in the firm's books as per AS-26)
(d) tc fdlh lk>snkj dk izos'k gksrk gS] rc QeZ dk fo?kVu gksrk gS
(When a partner is admitted, there is dissolution

of firm)

13. iquewZY;kadu [kkrk esa uke i{k ij tek i{k dk vkf/kD; gS (Excess of
the credit side over the debit side of Revaluation
account) :
(b) gkfu (Loss)
(a) ykHk (Profit)
(c) izkfIr (Gain)
(d) O;; (Expense)
14. u;s lk>snkjh Bgjko ds ckn rS;kj fd;s x;s fpV~Bs esa lEifk;ksa rFkk nkf;Roksa
dk ys[kk fd;k tkrk gS (Balance sheet prepared after new
partnership agreement, assets and liabilities are
recorded at)
(a) ekSfyd ewY; ij (Original Value)
(b) iquewZY;kafdr ewY; ij (Revalued Figure)
(c) olwyh&;ksX; ewY; ij (At realisable Value)
(d) a vkSj b ls dksbZ ,d (Either of a or b)
15. A rFkk B lk>snkj gSa tks 5 : 3 esa ykHk&gkfu ckVrs gSaA os C dks 3/10 Hkkx
ds fy, QeZ esa 'kkfey djrs gSaA ;fn C 1/5 Hkkx A ls rFkk 1/10 Hkkx
B ls ysrk gS rks u;k ykHk foHkktu vuqikr gksxk (A and B are partners
sharing profits in the ratio 5 : 3, they admitted C giving
him 3/10th share of profit. If C acquires 1/5 share from
A and 1/10 share from B, new profit sharing ratio will
be)
(a) 5 : 6 : 3
(b) 2 : 4 : 6
(c) 18 : 24 : 38
(d) 17 : 11 : 12
16. fuEu esa ls dkSu&lh lEifk ,d u;s lk>snkj ds os'k ds le; ij vfuok;Zr%
iqu% ewY;kafdr fd;k tkrk gS (Which of the following asset is
compulsorily revalued at the time of admission of a
new partner)
(a) jgfr;k (Stock)
(b) LFkk;h lEifk;k (Fixed Assets)
(c) fuos'k (Investment)
28
17. A, B rFkk C lk>snkj
gSaA C dks 1/5 Hkkx ls 'kkfey fd;k tkrk gSA C

vius Hkkx ds fy, ` 1,20,000 iwth ds :i esa ykrk gSA QeZ dk 'kq
ewY; gSA (A and B are partners. C is admitted with 1/5
18.
19.
20.
21.
22.
23.
24.
share. C brings ` 1,20,000 as his share towards capital.

The total net worth of the firm is)
(C.P.T., 2009 June)
(a) ` 1,00,000
(b) ` 4,00,000
(c) ` 1,20,000
(d) ` 6,00,000
A vkSj B ykHkksa dks 3 : 4 ds vuqikr esa foHkkftr djrs gSaA C dks 1/5
Hkkx ds fy, izo's k fn;k x;kA u;k ykHk foHkktu vuqikr gksxk (A and B
share profits and losses in the ratio of 3 : 4. C was
admitted for 1/5th share. New profit sharing ratio will
be)
(C.P.T., 2009 Dec.)
(a) 3 : 4 : 1
(b) 12 : 16 : 7
(c) 16 : 12 : 7
lk>snkj ds iwth [kkrs ds izkjfEHkd 'ks"k dks sfMV fd;k tkrk gS (The
opening balance of Partner's Capital Account is credited
with)
(C.P.T., 2009 Dec.)
(a) iwth ij C;kt (Interest on Capital)
(b) vkgj.k ij C;kt (Interest on Drawings)
(c) vkgj.k (Drawings)
(d) gkfu esa fgLlk (Share in loss)
u;s lk>snkj }kjk udn esa yk;h xbZ [;kfr dgykrh gS (Share of
goodwill brought in cash by the new partner is called)
(a) lEifk (Assets)
(b) ykHk (Profit)
(c) izhfe;e (Premium)
A vkSj B viuk ykHk 5 : 3 ds vuqikr esa ckVrs gSaA C dks 1/4 fgLls ds
fy, izos'k fn;k x;kA u;k ykHk&gkfu foHkktu vuqikr gksxk (A and B
share profits in the ratio of 5 : 3. C is admitted for
1/4th share. New profit-loss sharing ratio will be)
(a) 5 : 3 : 2
(b) 5 : 3 : 1
(c) 10 : 6 : 4
(d) 15 : 9 : 8
v vkSj c 3 : 1 ds vuqikr esa ykHkksa vkSj gkfu;ksa dks ckVrs gSaA C dks
1/4 fgLlk ds fy, lk>snkjh esa izos'k fn;k tkrk gSA v vkSj c dk R;kx dk
vuqikr gS (A and B share profits and losses in the ratio of
3 : 1. C is admitted into partnership for 1/4 share. The
sacrificing ratio of A and B is)
(B.S.E.B., 2013)
(b) 3 : 1
(a) cjkcj (Equal)
(c) 2 : 1
(d) 3 : 2
A vkSj B 3 : 1 ds vuqikr esa ykHk foHkktu djrs gq;s lk>snkj gSaA os C dks
Hkfo"; ds ykHk esa 1/4 fgLlk nsdj izos'k djkrs gSaA u;k ykHk&foHkktu
vuqikr gksxk (A and B are partners having profits with
the ratio of 3 : 1. They admit C for 1/4 share in future
profits. The new profit sharing ratio will be)
(B.S.E.B., 2012)
(a)
(b)
(c)
(d)
R;kx vuqikr dk lw= gS (Formula of Sacrificing ratio is)

(b) iqjkuk vuqikr u;k vuqikr (Old Ratio New Ratio)
(c) ykHk vuqikr R;kx vuqikr (Gain Ratio Sacrificing
Ratio)
(d) u;k vuqikr R;kx vuqikr (New Ratio Sacrificing Ratio)
25.
lafpr ykHk vkSj lap; dk gLrkUrj.k fd;k tk;sxk (The accumulated
profits and reserve are transferred to)

(B.S.E.B., 2012)
(a) olwyh [kkrs esa (Realisation A/c)
(b) lk>snkjksa ds iwth [kkrs esa (Partners Capital A/c)
(c) cSad [kkrs esa (Bank A/c)
(d) cpr [kkrs esa (Saving A/c)
26. A, B vkSj C cjkcj osG lk>snkj gSaA D dks 1/4 Hkkx osG fy, QeZ esa izos'k
fn;k tkrk gSA D ` 20,000 iwth vkSj [;kfr osG izhfe;e osG fy, ` 5,000
ykrk gS tks vk/kh jde gSA QeZ dh [;kfr dk ewY; gS (A, B and C are
equal partners. D is admitted to the firm for one-fourth
share. D brings ` 20,000 as capital and ` 5,000 being
half of the premium for goodwill. The value of goodwill
of the firm is)
(a) ` 10,000
(b) ` 40,000
(c) ` 30,000
27. fdlh u;s lk>snkj osG izos'k ij] ifjlEifk;ksa esa gqbZ ewY; dh o`f dks uke
fd;k tk;sxk (On the admission of a new partner increase
in the value of assets is debited to)
(a) iquewZY;kadu [kkrk (Revaluation Account)
(b) lEifk [kkrk (Assets Account)
(c) iqjkus lk>snkjksa dk [kkrk (Old Partners' Capital Accounts)
28.
a Z dks ykHk esa 1/4 va'k osG fy, izos'k fn;k tkrk gS ftlosG
,d

QeZ es
# $
%
fy,
og
[;kfr

osG fy, ` 30,000 ykrk gSA ;g iqjkus lk>snkj X vkSj Y

}kjk fy;k tk;sxk (Z is admitted in a firm for a 1/4 share in
the profit for which he brings ` 30,000 for goodwill. It
will be taken away by the old partners X and Y in)
(a) iqjkus ykHk&foHkktu vuqikr esa (Old profit-sharing ratio)
(b) u;s ykHk&foHkktu vuqikr esa (New profit-sharing ratio)
(c) R;kx vuqikr esa (Sacrificing ratio)
(d) iwth vuqikr esa (Capital ratio)
29. ,d u;s lk>snkj osG izos'k ij] lEifk;ksa osG ewY; esa deh dks MsfcV fd;k
tkrk gS (On the admission of a new partner, the decrease
in the value of assets is debited to) (B.S.E.B., 2011)
(a) ykHk&gkfu lek;kstu [kkrk esa (Profit and Loss Adjustment
Account)
(b) ifjlEifk [kkrk esa (Assets Account)
(c) iqjkus lk>snkjksa osG iwt
h [kkrs esa (Old Partners' Capital Account)
30. tc u;k lk>snkj [;kfr dh jde osG fy, udn nsrk gS rks QeZ dh cfg;ksa
esa ml jde dks MsfcV djuk pkfg, (When the new partner
pays for goodwill in cash, the amount should be debited
in the firm's book to)
(B.S.E.B., 2011)
(a) [;kfr [kkrs esa (Goodwill Account)
(b) jksdM+ [kkrs esa (Cash Account)
(c) u;s lk>snkj osG iwt
h [kkrs esa (Capital Account of new partner)
31. iquewZY;kadu [kkrk ;k ykHk&gkfu lek;kstu [kkrk dk 'ks"k iqjkus lk>snkjksa
osG iwth [kkrksa esa gLrkUrfjr fd;k tkrk gS (The balance of
Revaluation Account or Profit and Loss Adjustment

29
gksxkA u;k ykHk&foHkktu vuqikr Kkr dhft, (x and y share profits
Account is transferred to Old Partners' Capital
32.
33.
34.
35.
Accounts in their)
(B.S.E.B., 2011)
(a) iqjkus ykHk&foHkktu vuqikr esa (Old profit-sharing ratio)
(b) u;s ykHk&foHkktu vuqikr esa (New profit-sharing ratio)
(c) leku vuqikr esa (Equal ratio)
X vkSj Y 3 : 2 osG vuqkr esa ykHk ckVrs gSaA Z dks 1/5 Hkkx osG fy,
lk>snkj cuk;k x;kA Z X ls 3/20 ysrk gS vkSj Y ls 1/20 ysrk gS rks u;k
ykHk&foHkktu vuqikr gksxk (X and Y share profits in the ratio
of 3 : 2. Z was admitted as a partner who gets 1/5 share.
Z acquires 3/20 from X and 1/20 from Y. The new profit
sharing ratio will be)
(BSEB, 2012)
(a) 9 : 7 : 4
(b) 8 : 8 : 4
(c) 6 : 10 : 4
(d) 10 : 6 : 4
iquewZY;kadu [kkrk esa uke i{k ij tek i{k dk vkf/kD; gS (Excess of
the credit side over debit side in Revaluation A/c is)
(B.S.E.B., 2012)
(b) gkfu (Loss)
(a) ykHk (Profit)
(c) izkfIr (Gain)
(d) O;; (Expense)
x vkSj y 3 : 1 osG vuqikr esa ykHkksa dks ckVrs gq, lk>snkj gSaA os z dks
lk>snkj osG :i esa izos'k nsrs gSa] tks ` 4,000 [;kfr osG fy, pqdkrk gS] x,
y vkSj z dk u;k ykHk&foHkktu vuqikr e'k% 2 : 1 : 1 gSA [;kfr dh
jkf'k tek dh tk,xh
(a) x ,oa y esa ` 3,000 vkSj ` 1,000 e'k% (x and y as ` 3,000
and ` 1,000 respectively)
(b) flQZ x esa (x only)
(c) flQZ y esa (y only)
x rFkk y 5 : 3 osG vuqikr esa ykHk&gkfu ckVrs gSaA z us 1/5 Hkkx osG lkFk
lk>snkjh esa izo's k fd;kA ;g 1/5 Hkkx og iqjkus lk>snkjksa ls cjkcj&cjkcj
mkj
vUrj dk vk/kkj
1.
vFkZ
2.
3.
lEcU/k
mi;ksx
4.
x.kuk
and losses in the ratio of 5 : 3. z was admitted into the

firm for 1/5th share which he acquired from the old
partners equally. Calculate new profit sharing ratio)
(C.P.T., 2010 Dec.)
(a) 21 : 11 : 8
(b) 20 : 8 : 7
(c) 20 : 12 : 8
(d) 10 : 5 : 5
[mkj % 1. (b)] 2. (c)] 3. (a)] 4. (a)] 5. (c)] 6. (d)] 7. (d)] 8. (c)]
9. (c), 10. (c), 11. (b), 12. (a), 13. (a), 14. (a), 15. (d),
16. (d), 17. (d), 18. (b), 19. (a), 20. (c), 21. (d), 22. (b),
23. (a), 24. (b), 25. (b), 26. (b), 27. (b), 28. (c), 29. (a),
30. (b), 31. (a), 32. (a), 33. (d), 34. (b), 35. (a)]

(Non-Objective Type Questions )
1234567890123
1234567890123
iz'u 1. R;kx osG vuqikr ls vki D;k le>rs gSa\ blosG ms'; rFkk
egRo crkb,A (What do you mean by sacrificing ratio ? Explain its objects and importance.)
mkju;s lk>snkj osG fdlh QeZ esa izos'k ij iqjkus lk>snkjksa osG ykHk osG
fgLls esa ftl vuqikr esa deh vkrh gS mls R;kx dk vuqikr dgrs gSaA bldh
x.kuk dk lw= gS] R;kx dk vuqikr = iqjkuk vuqikr u;k vuqikrA
ms';bldk eq[; ms'; iqjkus lk>snkj }kjk R;kx fd;s x;s ykHkkykHk
vuqikr dh {kfr dh iwfrZ osG fy;s izhfe;e ;k [;kfr dh jkf'k dks fu/kkZfjr
djuk gSA
egRoiqjkus lk>snkj vius R;kx osG vuqikr esa u;s lk>snkj }kjk yk;s x;s
izhfe;e dh jkf'k izkIr djrs gSaA
iz'u 2. u;s ykHk foHkktu vuqikr rFkk R;kx osG vuqikr esa vUrj
crkb,A (Distinguish between new profit sharing ratio and
sacrificing ratio.)
u;s ykHk&foHkktu vuqikr rFkk R;kx osG vuqikr esa vUrj

u;k ykHk&foHkktu vuqikr
R;kx dk vuqikr
ftl vuqikr esa QeZ osG u;s vkSj iqjkus lHkh lk>snkj Hkkoh ykHk
ckVrs g] mls u;k ykHk&foHkktu vuqikr dgrs gA
bldk lEcU/k lHkh lk>snkjksa ls gSA
Hkkoh ykHkksa dks lHkh lk>snkjksa esa forfjr djus osG fy, bldk
mi;ksx fd;k tkrk gSA
u;k ykHk&foHkktu vuqikr = iqjkuk vuqikr R;kx dk vuqikrA
R;kx dk vuqikr iqjkus lk>snkjksa }kjk u;s lk>snkj osG i{k esa fd;k
x;k R;kx gSA
bldk lEcU/k osGoy iqjkus lk>snkjksa ls gSA
bldk mi;ksx u;s lk>snkj }kjk yk;h xbZ [;kfr dh jkf'k dks ckVus
esa gksrk gSA
R;kx dk vuqikr = iqjkuk vuqikr u;k vuqikr
iz'u 3. fdlh lk>snkj osG izos'k osG le; lEifk;ksa vkSj nkf;Roksa dk
iquewZY;kadu D;ksa fd;k tkrk gS\ (Why assets and liabilities and
crkb,A (State the application of Accounting Standard-10 and
revalued at the time of admission of a partner ?)
[;kfr dks iqLrdksa esa osGoy

rHkh cuk;s j[kk tk ldrk gS tc mlosG fy, eqk ;k eqk rqY; jkf'k osG :i esa
oqGN izfrQy pqdk;k x;k gksA ;fn dksbZ lk>snkj izos'k osG le; dksbZ izhfe;e ;k
viuh iwth ls vf/kd jkf'k ykrk gS rks ,sls izhfe;e dks orZeku lk>snkjksa }kjk
vius R;kx vuqikr esa foHkkftr fd;k tkuk pkfg;sA ;fn [;kfr dk ewY;kadu
lk>snkjh QeZ osG iquxZBu] tSlsizos'k] vodk'k xzg.k] e`R;q] ykHkkykHk esa
ifjorZu bR;kfn ij fd;k tkrk gS rks [;kfr dks iqLrdksa esa ugha fn[kkdj bl jkf'k
dks lk>snkjksa osG iwth [kkrs esa lek;ksftr fd;k tkuk pkfg;sA [;kfr osG ewY;kadu
dh n'kk esa u;s lk>snkj osG [;kfr osG fgLls dh jde ls u;s lk>snkj dh iwth
[kkrk dks MsfcV vkSj R;kx djus okys lk>snkjksa osG iwth [kkrk dks sfMV djsaxsA
mkjfdlh u;s lk>snkj osG izos'k osG le; QeZ osG vkfFkZd fpk esa
lEifk;ksa vkSj nkf;Roksa osG tks ewY; iznf'kZr jgrs gSa mlosG izfr u;s lk>snkj osG eu
esa la'k; gks ldrk gSA lk>snkjh O;kikj esa fdlh lk>snkj osG eu esa fdlh izdkj
dk la'k; O;kikj osG fy;s fgrdkjh ugha gksrk gSA vr% u;s lk>snkj osG le;
lEifk;ksa vkSj nkf;Roksa dk iquewZY;kadu djosG izkjfEHkd vkfFkZd fpk rS;kj
fd;k tkrk gSA iqueZwY;kadu osG QyLo:i tks ykHk ;k gkfu gksrh gS mls iqjkus
lk>snkj vius iqjkus ykHk&Hkktu vuqikr esa ckV ysrs gSaA bl ij u;s lk>snkj dk
dksbZ vf/kdkj ugha gksrk gSA
iz'u 4. [;kfr osG lUnHkZ esa ys[kkadu ekud&10 rFkk 26 dk vuqiz;ksx
26 with reference to goodwill.)

mkjys[kkadu ekud&10/26 osG vuqlkj
30
iz'u 5. xqIr [;kfr D;k gS\ (What is Hidden Goodwill ?)

mkjdHkh&dHkh u;s lk>snkj osG izos'k osG le; u rks [;kfr dh jkf'k nh
jgrh gS vkSj u gh [;kfr dh x.kuk dk dksbZ mYys[k jgrk gSA ,slh fLFkfr esa u;s
lk>snkj dh iwth osG vk/kkj ij QeZ dh oqGy iwth Kkr dh tkrh gS vkSj bl iwth
dk foHkktu lHkh lk>snkjksa esa muosG ykHk&foHkktu osG vuqikr esa fd;k tkrk gSA
fQj QeZ dh oqGy iwth esa ls iqjkus lk>snkjksa dh fo|eku iwth dks ?kVkdj 'ks"k tks
vkrk gS mls [;kfr le>k tkrk gSA vc [;kfr dh jkf'k esa u;s lk>snkj osG ykHk
foHkktu osG vuqlkj [;kfr dk fgLlk fudky fy;k tkrk gSA
iz'u 6. P vkSj Q ,d QeZ esa lk>snkj gSa tks fd ykHk&gkfu dks 3 : 2
esa ckVrs gSaA R ,d u;k lk>snkj cuk;k x;kA P, R osG fy;s vius ykHkksa
osG 1/5 fgLls dk R;kx djrk gS rFkk Q, R osG fy;s vius ykHkksa osG 2/5
fgLls dk R;kx djrk gSA lk>snkjksa osG u;s vuqikr dh x.kuk dhft,A
(P and Q are partners in a firm sharing profits and losses
in the ratio of 3 : 2. A new partner R is admitted. P
surrenders 1/5th share of his profit in favour of R and Q
2/5th share of his profit in favour of R. Calculate the new
ratio of partners.)
(CBSE, 2003; Outside Delhi)
Solution :
u;k lk>snkj gSA R;kx vuqikr vkSj u;s vuqikr D;k gksaxs\ (A and B are
partners sharing profits in the ratio of 4 : 1. A surrenders
1/4th of his share and B surrenders 1/2 of his share in favour
of C, a new partner. What is the sacrificing ratio and the
new ratio ?)
Solution :
of
(i) A surrenders
in favour of C. It means A
has surrendered
out of his share in
favour of C.
(ii) B surrenders
of
has surrendered
favour of C.
Sacrificing Ratio =
in favour of C. It means B
=
out of his share in
= 2 : 1.
New Ratios : A's new share =
Calculation of surrendered share :

(i) Ps old share =
P surrenders
th of
favour of R i.e.,
B's new share =
C's new share =
in
(It means that P has surrendered

Therefore, the new ratio of A, B and C =

$
+
+
#VJ

or 6 : 1 : 3

iz'u 8. A, B rFkk C lk>snkj gSa tks ykHkksa dks 3 : 2 : 1 osG vuqikr esa
(ii) Qs old share =
; Q surrenders
th of
in ckVrs gSaA mUgksaus D dks 1/6 Hkkx osG fy;s lfEefyr fd;kA ;g lgefr gqbZ
favour of R, i.e.,
fd C dk fgLlk iqjkus okyk gh jgsxkA u;s vuqikr rFkk R;kx vuqikr Kkr
dhft,A (A, B and C partners sharing in the ratio of
=
(It means that Q has surrendered
3 : 2 : 1. They admit D for
share. It is agreed that C
out of his share in favour of R)
would retain his original share. Calculate the new ratios
and sacrificing ratios.)
(B.S.E.B., 2014)
Calculation of New Ratios :
Solution :
Calculate of New Profit Sharing Ratio :
in favour of R
(i) Ps new share after surrendering
out of his share in favour of R)
(ii) Qs new share after surrendering

=
in favour of R
from P and
C's share =
Remaining share for A and B = 1
This will be divided between A and B in their old ratio

i.e., 3 : 2
(iii) Rs share is the total of

=
Ds share =
Hence, the new share of A =
of
New share of B =
of
from Q
+
=

Therefore, the new ratio of P, Q and R =

= 12 : 6 : 7.
iz'u 7. v rFkk c lk>snkj gSa tks ykHkksa dks 4 : 1 esa ckVrs gSaA v vius
fgLls dk 1/4 rFkk c vius fgLls dk 1/2 l osG i{k esa R;kx djrs gSa tks ,d
Thus, the new ratio of A, B, C and D

=
or 12 : 8 : 5 : 5
Calculation of Sacrificing Ratio :

Sacrificing made by A =

iz'u 9. ,Dl vkSj okbZ lk>snkj gSa tks ykHk&gkfu dks 2 : 1 osG vuqikr
esa ckVrs gSaA mUgksaus tsM dks ykHkksa esa 1/4 fgLls osG fy;s lk>snkj cuk;kA
tsM viuk fgLlk ,Dl vkSj okbZ ls leku vuqikr esa izkIr djrk gSA tsM
` 16,500 iwth osG :i esa vkSj ` 3,000 [;kfr osG :i esa udn ykrk gSA (X
and Y are partners sharing profit and losses in the ratio of
Solution :
31
2 : 1. They admit Z into partnership with 1/4th share in

profits which he acquires equally from X and Y. Z brings in
` 16,500 as capital and ` 3,000 as goodwill in cash.)
vko';d izfof"V;k dhft, vkSj u;s ykHk&gkfu vuqikr Kkr dhft,A

(Pass entries and calculate new profit sharing ratios.)
Journal Entries
Date
Particulars
L.F. Amount
`
Bank A/c
To Zs Capital A/c
To Premium for Goodwill A/c
Dr.
Amount
`
19,500
16,500
3,000
(The amount of capital and goodwill/premium brought in cash)
Premium for Goodwill A/c

To Xs Capital A/c
To Ys Capital A/c
Dr.
3,000
1,500
1,500
(Goodwill/premium transferred to old partners capital in sacrifice ratio i.e. equally)
u;s ykHk&foHkktu vuqikrksa dh x.kuk

Z dk
fgLlk
vr% X : Y : Z =
gS ftls og X rFkk Y ls leku vuqikr esa izkIr djrk gS
=
= 13 : 5 : 6
u;k vuqikr
12345678901234
nh?kZ mkjh; iz'u (Long Answer Type Questions)12345678901234
vFkkZr~
X ls
izkIr djrk gS
dk
Y ls
izkIr djrk gS
dk
X dk
u;k vuqikr =
Y dk
u;k vuqikr =
Liabilities
iz'u 1. X rFkk Y ,d O;olk; osG ykHkksa dks 5 : 3 esa ckVrs gSaA os Z

dks ykHkksa osG 1/4 fgLls osG fy;s 'kkfey djrs gSa tks fd X rFkk Y }kjk

cjkcj
fn;k tk;sxkA Z osG izos'k osG le; QeZ dk fLFkfr fooj.k fuEu
kj

Fkk % (X and Y share the profits of a business in the

izd
ratio of 5 : 3. They admit Z into the firm for 1/4th share in
the profits to be contributed equally by X and Y. On the
date of admission of Z, the Balance Sheet of the firm was
as follows) :
Amount
Assets
Xs Capital
Ys Capital
40,000
30,000
deZpkjh {kfriwfrZ dks"k (Workmens Compensation

Fund)
Creditors
Hkfo"; fuf/k (Provident Fund)
4,000
12,000
10,000
96,000
Z osG izos'k dh 'krs fuEu izdkj Fkha % (Terms of Z's admission

were as follows) :
(i) Z vius fgLls dh iwth rFkk [;kfr osG fy;s ` 30,000 yk;sxkA (Z
will bring ` 30,000 for his share of capital and
goodwill.)
(ii) QeZ dh [;kfr dk ewY;kadu fiNys pkj o"kks osG vkSlr vf/kykHkksa osG
rhu o"kks osG ; osG cjkcj fd;k x;k gSA fiNys pkj o"kks osG vkSlr
ykHk ` 20,000 gSa tcfd yxkbZ xbZ iwth osG vuqlkj lkekU; ykHk
` 12,000 gks ldrs gSaA (Goodwill of the firm has been
valued at 3 years' purchase of the average super
profits of last four years. Average profits of the
last four years are ` 20,000 while the normal prof-
Amount
`
Machinery
Furniture
Stock
Debtors
Bank
30,000
20,000
15,000
15,000
16,000
96,000
its that can be earned with the capital employed

are ` 12,000.)
(iii) QuhZpj ` 12,000 ls de ewY;kafdr fd;k gqvk gS rFkk LVkWd dks
?kVkdj ` 13,000 djuk gSA izkfoMsaV Q.M dks ` 1,000 ls c<+kuk
gSA (Furniture is undervalued by ` 12,000 and the
value of stock is reduced to ` 13,000. Provident
Fund be raised by ` 1,000.)
(iv) ` 6,000 osG ysunkjksa dk ys[kkadu ugha gqvk gSA (Creditors are
unrecorded to the extent of ` 6,000.)
mijksDr fooj.k ls iquewZY;kadu [kkrk] lk>snkjksa osG iwth [kkrs rFkk X,
Y rFkk Z dk u;k fLFkfr fooj.k cukb;sA (Prepare Revaluation
Account, Partners' Capital Accounts and the new Balance
Sheet of X, Y and Z.)
32
Solution :
Dr.
Revaluation A/c
Particulars
Amount
Cr.
Particulars
Amount
To Stock A/c
To Provident Fund A/c
To Creditors
To Profit transferred to
X
Y
2,000
1,000
6,000
By Furniture A/c
12,000
1,875
1,125
3,000
12,000
12,000
Calculation of Goodwill : Super Profits = Average Profits Normal Profits

= ` 20,000 ` 12,000 = ` 8,000
Goodwill = Super Profits No. of years purchased
= ` 8,000 3 = ` 24,000
Dr.
Partners Capital Account
Particulars
X
`
To Balance c/d
47,375
47,375
Y
`
35,625
35,625
Particulars
24,000
Cr.
`
By Balance b/d
By Workmens
Compensation Fund
By Revaluation A/c
By Bank A/c
By Premium for
Goodwill A/c
24,000
40,000
30,000
2,500
1,875
1,500
1,125
24,000
3,000
47,375
3,000
35,625
24,000
Opening Balance Sheet

Liabilities
Amount
Assets
Amount
Creditors
Provident Fund
Capital Accounts :
X
Y
Z
iz'u 2. , rFkk ch tks ykHkksa dks 2 : 1 esa

profits in the ratio of 2 : 1.)
Liabilities
18,000
11,000
47,375
35,625
24,000
1,36,000
Machinery
Furniture
Stock
Debtors
Bank
1,36,000
ckVrs gSa] dk fLFkfr fooj.k fuEufyf[kr gSa (Prepare Balance Sheet of A and B, who share
Amount
Assets
Bank Overdraft
Reserve Fund
Sundry Creditors
Capitals :
A
B
30,000
32,000
13,000
15,000
46,000
15,000
12,000
20,000
40,000
30,000
1,17,000
Amount
`
Sundry Debtors
Less : Provision
Stock
Building
Patents
Machinery
40,000
3,600
36,400
20,000
25,000
2,000
33,600
1,17,000
33
bl frfFk dks mUgksaus lh dks lk>snkjh esa lfEefyr fd;kA u;k ykHk foHkktu vuqikr 3/6 : 2/6 : 1/6 gksxkA fuEukafdr lek;kstukvksa osG ckn lh QeZ esa vius
fgLls osG vuqlkj iwth ykrk gS (They admitted C into partnership on this date. New profit sharing ratio is agreed as 3/6 : 2/6 :
1/6. C brings in proportionate capital after the following adjustments) :
lh ` 10,000 [;kfr osG vius fgLls osG fy;s udn esa ykrk gSA (C brings in ` 10,000 in cash as his share of Goodwill.)
2. lafnX/k .k vk;kstu dks ` 2,000 ls ?kVkuk gSA (Provision for doubtful debts is to be reduced by ` 2,000.)
3. ,d iqjkuk miLdj gS ftldk ewY; ` 2,600 gSA ;g iqLrdksa esa ugha fy[kk gqvk gSA bls vc iqLrdksa esa fy[kuk gSA (There is an old furniture
1.
valued ` 2,600. It does not appear in the books of the firm. It is now to be recorded.)
4.
,dLo dk ewY; 'kwU; gSA (Patents are valueless.)

5. ysunkjksa ls 2% NwV feyus okyh gSA (2% discount is to be received from creditors.)
iquewZY;kadu [kkrk] iwth [kkrs rFkk ubZ QeZ dk fpk cukb;sA (Prepare Revaluation A/c, Capital A/cs and the Opening Balance Sheet.)
Solution :
Dr.
Revaluation A/c
Particulars
Amount
Cr.
Particulars
Amount
To Patents
To Profit transferred to
A
B
2,000
`
2,000
1,000
Dr.
By Provision for Doubtful Debts

By Furniture
By Provision for discount on creditors
2,000
2,600
400
3,000
5,000
5,000

Particulars
A
`
To Balance c/d
To Balance c/d
60,000
35,000
60,000
35,000
60,000
35,000
19,000
60,000
35,000
19,000
Cr.
Particulars
A
`
By Balance b/d
By Reserve Fund
By Revaluation
By Premium for
Goodwill A/c
By Balance b/d
By Cash A/c
40,000
8,000
2,000
30,000
4,000
1,000
10,000
60,000
35,000
60,000
35,000
60,000
35,000
19,000
19,000
Opening Balance Sheet

Liabilities
Amount
Assets
Amount
Bank Overdraft
Sundry Creditors
Less : Provision
Capitals :
A
B
C
20,000
400
15,000
19,600
60,000
35,000
19,000
1,48,600
Cash
Sundry Debtors
Less : Provision
Stock
Building
Machinery
Furniture
40,000
1,600
29,000
38,400
20,000
25,000
33,600
2,600
1,48,600
34
lkksnkjh dk iquxZBulkksnkj dk vodk'k xzg.k

[RECONSTITUTION OF PARTNERSHIP : RETIREMENT OF A PARTNER]


,d lk>snkj osG vodk'k xzg.k djus osG le; vfyf[kr lEifk;ksa dk
O;ogkj fdl izdkj fd;k tkrk gS\ (How unrecorded assets are
(d)
5.
123456789012345678
123456789012345678
treated at the time of retirement of a partner ?) :

(C.P.T., 2006 Nov.)
(a) iquewZY;kadu [kkrk esa sfMV (Credited to Revaluation
Account)
(b) flQZ vodk'k xzg.k djus okys lk>snkj osG iwth [kkrk dks sfMV
(Credited to Capital Account of Retiring Partner)
(c) iquewZY;kadu [kkrk dks MsfcV (Debited to Revaluation
Account)
(d) lk>snkjksa osG iwth [kkrs dks tek (Credited to Partners' Capital Accounts)

1. lk>snkj osG vodk'k xzg.k djus ij lafpr ykHkksa dks fdlosG iwth [kkrs esa
tek fd;k tkuk pkfg, (On the retirement of a partner any
accumulated profit should be credited to the capital
accounts of) :
(a) lHkh lk>snkjksa osG iqjkus vuqikr esa (All partners in old profit
sharing ratio)
(b) 'ks"k cps gq, lk>snkjksa osG u;s vuqikr esa (Remaining partners
in new profit sharing ratio)
(c) flQZ vodk'k xzg.k djus okys lk>snkj osG mlosG vuqikr esa (Retiring partner only in his share)
2. lk>snkj osG vodk'k xzg.k djus ij] [;kfr dh iwjh jkf'k fdlosG iwth
[kkrs esa sfMV dh tk;sxh (On the retirement of a partner,
full amount of goodwill is credited to the capital accounts of) :
(a) vodk'k xzg.k djus okys lk>snkj osG (Retiring partners)
(b) 'ks"k lk>snkjksa osG (Remaining partners)
(c) lHkh lk>snkjksa osG (All partners)
3. ckgj tkus okys (vodk'k xzg.k djus okys) lk>snkj dks 'ks"k lk>snkj osG
6.
retirement of a partner, profit on revaluation of assets and liabilities should be credited to the Capital
Accounts of) :
(a) lHkh lk>snkjksa osG] iqjkus ykHk&foHkktu osG vuqikr esa (All partners in the old profit-sharing ratio)
(b) cps gq, lk>snkjksa osG] iqjkus ykHk&foHkktu vuqikr esa (The remaining partners in their old profit-sharing ratio)
(c) cps gq, lk>snkjksa osG] u;s ykHk&foHkktu vuqikr esa (The remaining partners in their new profit-sharing ratio)
7.
fdlh lk>snkj dh lsokfuo`fk ij] lsokfuo`k lk>snkj osG iwth [kkrs dks
tek fd;k tk;sxk (On retirement of a partner, the retiring
Partner's Capital Account will be credited with) :
(a) mlosG Hkkx dh [;kfr osG lkFk (His/her share of goodwill)
(b) QeZ dh [;kfr osG lkFk (Goodwill of the firm)
(c) 'ks"k lk>snkjksa osG Hkkx dh [;kfr osG lkFk (Share of goodwill of
remaining partners)
i{k esa QeZ osG Hkkoh ykHkksa osG R;kx osG fy, {kfriwfrZ dh tkuh gSA 'ks"k
lk>snkj ,slh {kfriwfrZ dk va'k djrs gSa (Outgoing partner is compensated for parting with firm's future profits in favour
of remaining partners. The remaining partners contribute to such compensation in) : (C.P.T., 2007 Feb.)
(a) ykHk izkfIr vuqikr esa (Gaining Ratio)
(b) iwth vuqikr esa (Capital Ratio)
(c) R;kx vuqikr esa (Sacrificing Ratio)
(d) ykHk&foHkktu vuqikr esa (Profit-sharing Ratio)
4. ykHk&izkfIr vuqikr dh x.kuk dh tkrh gS (Gaining ratio is calculated) :
(a) ,d u;s lk>snkj osG izos'k osG le; (At the time of admission
of a new partner)
(b) fdlh lk>snkj osG vodk'k xzg.k djus ij (At the time of
retirement of a partner)
(c) lk>snkjh QeZ osG fo?kfVr gksus ij (On the dissolution of a
partnership firm)
,d lk>snkj osG vodk'k xzg.k djus ij] lEifk ,oa nkf;Roksa osG
iquewZY;kadu osG ykHk iwth [kkrs esa tek fd;s tkus pkfg;s (On the
8.
QeZ osG }kjk la;qDr chek ikWfylh yh tk ldrh gS --------- thou ij

(Joint life policy may be taken by the firm on the lives
of ........) :
(a) lHkh lk>snkjksa osG la;qDr (All the partners jointly)
(b) lHkh lk>snkjksa osG i`Fkd~&i`Fkd~ (All the partners severely)
(c) QeZ osG deZpkfj;ksa osG (All employees of the firm)
(d) 'a' ,oa 'b' ('a' and 'b')
9.
v] c vkSj l ,d QeZ esa leku lk>snkj gSaA c vodk'k xzg.k djrk gSA
'ks"k lk>snkjksa us ubZ QeZ osG ykHkksa dks 5 : 4 osG vuqikr esa ckVus dk fu'p;
fd;kA izkfIr vuqikr gksxk (A, B and C are equal partners in a
firm. B retires and the remaining partners decide to
lk>snkjh dk iquxZBulk>snkj dk vodk'k xzg.k

share profits of the new firm in the ratio of 5 : 4. Gaining ratio will be) :
(B.S.E.B., 2013)
(a) 2 : 1
(b) 1 : 2
(c) 4 : 5
(d) 5 : 4
10.
v] c vkSj l
osG vuqikr esa ykHk ckVrs gSaA l vodk'k xzg.k
djrk gSA izkfIr vuqikr gksxk (A, B and C are sharing profits in
the ratio of
, C retired. Gaining ratio will be) :

(B.S.E.B., 2013)
(a) 2 : 1
(c) 3 : 2
11.
(b) 2 : 3
(d) 1 : 2
lkekU; lap; dh jkf'k dks lHkh lk>snkjksa ds iwth [kkrs esa gLrkUrfjr fd;k
tkrk gS (The amount of General Reserve is transferred
to all partners capital account in)

(a) u;s ykHk&gkfu vuqikr esa (New Profit Sharing Ratio)
(b) iwth ds vuqikr esa (Capital Ratio)
(c) iqjkus ykHk&gkfu vuqikr esa (Old Profit Sharing Ratio)
12. vfHk"ksd] jtr vkSj foosd ykHkksa dk foHkktu 5 : 3 : 2 ds vuqikr
esa
djrs gSaA ;fn foosd lsokfuo`k gksrk gS rks vfHk"ksd rFkk jtr dk u;k ykHk
foHkktu vuqikr gksxk (Abhishek, Rajat and Vivek are partners sharing profits in the ratio of 5 : 3 : 2. If Vivek
retires, the new profit sharing ratio between Abhishek
and Rajat will be)
(B.S.E.B., 2012)
(a) 3 : 2
(b) 5 : 3
(c) 5 : 2
13.
la;qDr thou chek&i= [kkrk vkSj la;qDr chek&i= lap; [kkrk dk 'ks"k
ges'kk gksrk gS (The balance of Joint Life Policy Account
and Joint Life Policy Reserve A/c is always)
(a) leku (Equal)
(b) vleku (Unequal)
(c) dksbZ vko';d ugha (Not Necessary)
14.
vkuUn] cgknqj vkSj panj ykHkksa dk foHkktu leku :i ls djrs gq,

lk>snkj gSaA panj ds vodk'k xzg.k djus ij vkuUn vkSj cgknqj us mlds
Hkkx dk vf/kxzg.k 3 : 2 ds vuqikr esa fd;kA vkuUn vkSj cgknqj dk u;k
ykHk foHkktu vuqikr gksxk (Anand, Bahadur and Chander
are partners sharing profit equally. On Chander's retirement, his share is acquired by Anand and Bahadur
in the ratio of 3 : 2. The new profit sharing ratio between Anand and Bahadur will be)
(a) 8 : 7
(b) 4 : 5
(c) 3 : 2
(d) 2 : 3
15.
vodk'k xzg.k djus ds le; iquewZY;kadu ds ykHk&gkfu dks ogu fd;k

tkrk gS (Profit and loss on revaluation at the time of
retirement is shared by)
(a) cps gq, lk>snkjksa }kjk (Remaining Partners)
(b) lHkh lk>snkjksa }kjk (All Partners)
(c) u;s lk>snkj }kjk (New Partner)
16.
,Dl] okbZ] tsM ,d QeZ esa cjkcj osG lk>snkj gSaA tsM QeZ ls vodk'k
xzg.k djrk gSA ,Dl vkSj okbZ osG chp ykHk&foHkktu dk vuqikr 1 : 2
gSA ykHk&izkfIr vuqikr gksxk (X, Y, Z are equal partners in a
35
firm. Z retires from the firm. The new profit sharing

ratio between X and Y is 1 : 2. The gaining ratio will
be)
(C.P.T., 2010 June)
(a) 3 : 2
(b) 2 : 1
(c) 4 : 1
(d) dsoy Y 1/3 izkIr djrk gS (Only Y gains by 1/3)
17. X, Y, Z 3 : 4 : 3 osG vuqikr esa ykHkksa dks foHkkftr djrs gq, lk>snkj gSaA
Y vodk'k xzg.k djrk gS vkSj X ,oa Z viuk ykHk leku vuqikr esa
ckVrs gSaA X ,oa Z dk u;k vuqikr gksxk (X, Y, Z are partners
sharing profits in the ratio of 3 : 4 : 3. Y retires and X
and Z share their profits in equal ratio. New ratio of X
and Z will be)
(C.P.T. 2008, December)
(a) 1 : 2
(b) 2 : 1
(c) 3 : 1
(d) 1 : 1
18. A, B vkSj C lk>snkj gSa vkSj mudh iwth e'k% ` 1,00,000, ` 75,000
,oa ` 50,000 gSA C ds vodk'k xzg.k ij mlds va'k dks A ,oa B us
6 : 4 osG vuqikr esa [kjhn fy;kA ykHk&izkfIr vuqikr gksxk (A, B and
C are partners. Their capitals are ` 1,00,000, ` 75,000
and ` 50,000 respectively. On Cs retirement his share
is acquired by A and B in the ratio of 6 : 4. Gaining
ratio will be)
(C.P.T. 2008, February)
(a) 3 : 2
(b) 2 : 2
(c) 2 : 3
19.

,d lk>snkj osG vodk'k xzg.k djus osG le;] lHkh lk>snkjksa ds fy, fd;s
x;s QeZ dh la;qDr chek thou ikWfylh osG fo# QeZ dks chek dEiuh ls
izkIr gksrk gS (At the time of retirement of a partner, firm
gets.....from the insurance company against joint life
policy taken jointly for all the partners)
(C.P.T. 2008, Feb.)
(a) ikWfylh jkf'k + cksul (Policy Amount + Bonus)
(b) leiZ.k ewY; (Surrender Value)
(c) ikWfylh jkf'k (Policy Amount)
20. X, Y ,oa Z ykHkksa dks 5 : 3 : 2 osG vuqikr esa foHkkftr djrs FksA [;kfr
iqLrd esa izn'kr ugha gS] ijUrq bldk ewY; ` 1,00,000 yxk;k x;kA X
QeZ ls vodk'k xzg.k djrk gS vkSj Y ,oa Z Hkfo"; osG ykHkksa dks
cjkcj&cjkcj ckVus dk fu'p; djrs gSaA X osG [;kfr esa fgLls dks Y ,oa
Z osG iwth [kkrs esa ------------ vuqikr esa MsfcV fd;k tk,xk (X, Y and
Z were partners sharing profits in the ratio of 5 : 3 : 2.
Goodwill does not appear in the books but it is agreed
to be worth ` 1,00,000. X retires from the firm and Y
and Z decide to share profits equally. X's share of goodwill will be debited to Y's and Z's Capital A/cs in ...........
ratio)
(C.P.T., 2007 May)
(a)
(b) 2 : 3
(c) 3 : 2
21. A, B vkSj C lk>snkj gSa tks 2 : 2 : 1 osG vuqikr esa ykHkksa dks ckVrs gSaA
B osG vodk'k xzg.k djus ij] [;kfr dk ewY;kadu ` 30,000 fd;k
x;kA B dh {kfriwr osG fy, A ,oa C dk va'knku Kkr djsa (A, B and
C are partners sharing profits in the ratio of 2 : 2 : 1.
36
22.
23.
24.
25.
26.

On retirement of B, goodwill was valued as ` 30,000.
Find the contribution of A and C to compensate B)
(C.P.T. 2006, Feb.)
(a) ` 20,000 vkSj (and) ` 10,000
(b) ` 8,000 vkSj (and) ` 4,000
(c) dksbZ va'knku ugha (No Contribution)
(d) ` 15,000 vkSj (and) ` 15,000
A, B vkSj C ,d QeZ osG lk>snkj gSa tks ykHk&gkfu e'k% 2 : 2 : 1 esa
ckVrs gSa rFkk mudh iwth e'k% ` 50,000, ` 50,000 rFkk ` 25,000
gSA B us QeZ ls vodk'k xzg.k djus dh ?kks"k.kk dh rFkk ml frfFk dks
lap; dks"k ` 15,000 FkkA ;fn QeZ dh [;kfr dk ewY;kadu ` 30,000
fd;k x;k rFkk iquewZY;kadu ij ykHk ` 7,050 Fkk rks B osG .k [kkrs esa
fdruh jkf'k vUrfjr dh tk,xh\ (A, B and C are partners in a
firm who share profit and losses in 2 : 2 : 1 respectively and their capitals are ` 50,000, ` 50,000 and
` 25,000 respectively. B declared to retire and on that
date Reserve Fund was ` 15,000. If the goodwill was
valued at ` 30,000 and profit on revaluation was ` 7,050
then how much amount will be transferred to B's Loan
Account ?)
(a) ` 70,820
(b) ` 50,820
(c) ` 25,820
(d) ` 20,820
gjh] jkW; rFkk izlkn lk>snkj gSa rFkk mudk ykHk foHkktu vuqikr 3 : 5 :
1 gSA jkW; vc vodk'k pkgrk gSA mldk fgLlk izlkn us ys fy;kA gfj
rFkk izlkn dk u;k vuqikr gksxk (Hari, Roy and Prasad are
partners and profit sharing ratio is 3 : 5 : 1. Roy now
wants to retire and his share is taken by Prasad. Find
the new ratio of Hari and Prasad.)
(C.P.T. 2008, Dec.)
(a) 1 : 2
(b) 2 : 1
(c) 3 : 5
(d) cjkcj (Equal)
A, B rFkk C 5 : 3 : 2 osG vuqikr esa ykHk ckVrs gq, lk>snkj gSaA A
vodk'k xzg.k djrk gSA izkfIr vuqikr Kkr dhft,A (A, B and C
are partners with profit sharing ratio as 5 : 3 : 2. A
retires. Find the gaining ratio.)
(a) 3 : 2
(b) 5 : 3
(c) 5 : 2
x, y vkSj z lk>snkj gSa vkSj ykHkksa dk 5 : 3 : 2 osG vuqikr esa foHkkftr
djrs gSaA y vodk'k xzg.k djrk gS vkSj x, y ls 1/10 rFkk z y ls 1/5
xzg.k djrk gS rks u;k ykHk foHkktu vuqikr gksxk (x, y and z are
partners and share profits in the ratio of 5 : 3 : 2. y
retires and x takes 1/10 from y and z takes 1/5 from y.
The new profit sharing ratio will be)
(a) 7 : 13
(b) 13 : 7
(c) 3 : 2
(d) 1 : 1
P, Q rFkk R lk>snkj gSa vkSj mudk ykHk foHkktu vuqikr 5 : 3 : 2 gSA
R vodk'k xzg.k djrk gS vkSj vius fgLls dk 3/5 P osG i{k esa rFkk
2/5 Q osG i{k esa lefiZr djrk gSA u;k ykHk&foHkktu vuqikr Kkr
dhft, (P, Q and R are partners and share profit in the
ratio of 5 : 3 : 2. R retires and surrenders 3/5th of his
share in favour of P and 2/5th of the share to Q. Find
new profit sharing ratio)
(a) 7 : 3
(b) 1 : 2
(c) 31 : 19
27. C, D rFkk E lk>snkj gSa tks ykHk&gkfu dks 1/2, 1/3 vkSj 1/6 osG vuqikr
esa ckVrs gSaA D us vodk'k xzg.k fd;k vkSj C rFkk E osG chp u;k ykHk
foHkktu vuqikr 3 : 2 gSA ` 24,000 osG lap; dks lk>snkjksa esa ckVk x;kA
muosG }kjk izkI; jkf'k gksxh (C, D and E are partners sharing
profits and losses in the proportion of 1/2, 1/3 and 1/6.
D retired and the new profit sharing ratio between C
and E is 3 : 2. Reserve of ` 24,000 is divided among the
partners. The amount receivable by them will be)
(a) 40,000 : 8,000 : 12,000
(b) 10,000 : 10,000 : 4,000
(c) 8,000 : 12,000 : 4,000
(d) 12,000 : 8,000 : 4,000
28. xksfoUn] gjh vkSj izrki lk>snkj gSaA xksfoUn dh lsokfuo`fk ij fps esa
[;kfr dks ` 24,000 igys ls gh n'kkZ;k x;k gSA [;kfr dks vifyf[kr
fd;k tk;sxk (Govind, Hari and Pratap are partners. On
retirement of Govind, the goodwill already appears in
the Balance Sheet at ` 24,000. The goodwill will be
written off)
(a) lHkh lk>snkjksa osG iwth [kkrksa dks muosG iqjkus ykHk&foHkktu vuqikr esa
MsfcV djds (By debiting all Partners' Capital Accounts
in their old profit-sharing ratio)
(B) 'ks"k lk>snkjksa osG iwth [kkrksa dks muosG u;s ykHk&foHkktu vuqikr esa
MsfcV djosG (By debiting remaining Partners' Capital
Accounts in their new profit-sharing ratio)
(c) lsokfuo`k lk>snkj osG iwth [kkrs dks mlosG Hkkx dh [;kfr esa MsfcV
djosG (By debiting retiring Partner's Capital Account
from his share of goodwill)
29. jktsUnj] lrh'k rFkk rstiky dk iqjkuk ykHk&foHkktu 2 : 2 : 1 gSA
lrh'k dh lsokfuo`fk osG ckn mudk ykHk&foHkktu vuqikr 3 : 2 gSA
vfkykHk vuqikr gS (The old profit-sharing ratio among
Rajender, Satish and Tejpal were 2 : 2 : 1. The new
profit-sharing ratio after Satish's retirement is 3 : 2.
The gaining ratio is)
(a) 3 : 2
(b) 2 : 1
(c) 1 : 1
(d) 2 : 3
30. QeZ osG }kjk A, B vkSj C tks 2 : 2 : 1 osG vuqikr esa ykHkksa dks ckVrs gSa]
osG thou ij ,d la;qDr thou chek ikWfylh yh tkrh gSA B QeZ ls
vodk'k xzg.k djrk gS ;fn la- th- ik- lefiZr dh tkrh gS vkSj
` 1,60,000 izkIr gksrs gSa rks bldk D;k O;ogkj gksxk\ (A joint life
policy is taken by the firm on the lives of A, B and C
who share profits in the ratio of 2 : 2 : 1. B retires from
firm. If JLP is surrendered and money is received
amounting to ` 1,60,000 then what will be its treatment ? JLP premium is treated as revenue expense)
(a) A vkSj C dks ` 1,60,000 ls u;s ykHk vuqikr esa sfMV fd;k
tk,xk (A and C will be credited with ` 1,60,000 in
new profit sharing ratio)
(b) ` 1,60,000 dks lHkh lk>snkjksa esa iqjkus vuqikr esa ckVk tk,xk

(` 1,60,000 will be distributed among all partners
in old ratio)
(c) flQZ B dks ` 1,60,000 izkIr gksxk (Only B will get
` 1,60,000)
(d) mi;qZDr esa ls dksbZ ugha (None of the above)
[mkj % 1. (a), 2. (c) 3. (a), 4. (b), 5. (a), 6. (a), 7. (a), 8. (d),
9. (a), 10. (c), 11. (c), 12. (b) 13. (c), 14. (a), 15. (b),
16. (d), 17. (d), 18. (a), 19. (b), 20. (b) 21. (b), 22. (a),
vFkZ
2.
x.kuk dk le;
3.
4.
x.kuk dk lw=
iz;ksx
5.
izHkko

1234567890123
1234567890123
iz'u 1. R;kx dk vuqikr vkSj ykHk izkfIr vuqikr esa vUrj crkb,A
(Distinguish between Sacrificing Ratio and Gaining Ratio.)
R;kx dk vuqikr
ykHk izkfIr vuqikr
;g og vuqikr gS ftlesa u;s lk>snkj osG i{k esa iqjkus lk>snkjksa ;g og vuqikr gS ftlesa vodk'k xzg.k djus okys ;k e`r lk>snkj
}kjk vius fgLls dk R;kx fd;k tkrk gSA
osG fgLls dks 'ks"k lk>snkj }kjk izkIr fd;k tkrk gSA
bldh x.kuk u;s lk>snkj osG izo's k osG le; dh tkrh gSA
bldh x.kuk rc dh tkrh gS tc fdlh lk>snkj dk vodk'k
xzg.k gksrk gS ;k e`R;q gksrh gSA
R;kx vuqikr = iqjkuk vuqikr u;k vuqikr
ykHk izkfIr vuqikr = u;k vuqikr iqjkuk vuqikr
bldk iz;ksx u;s lk>snkj }kjk yk;h x;h [;kfr dh jkf'k dks iqjkus bldk iz;ksx vodk'k xzg.k djus okys lk>snkj vFkok e`r lk>s&
lk>snkjksa esa ckVus osG fy, fd;k tkrk gSA
nkjksa dks nh tkus okyh [;kfr dh jkf'k dks Hkqxrku djus osG fy,
fd;k tkrk gSA
;g iqjkus lk>snkjksa osG fgLlksa esa deh dk izrhd gSA
;g iqjkus lk>snkjksa osG fgLls esa o`f dk izrhd gSA
iz'u 2. ,d lk>snkj dks vodk'k xzg.k osG le; [;kfr osG ys[kkadu
O;ogkj dk o.kZu djsaA (Explain the accounting treatment of
Goodwill at the time of retirement of a partner.)
mkjys[kkadu izeki&10 esa o.kr gS fd [;kfr dks iqLrdksa
esa rHkh
ys[kkadu fd;k tk ldrk gS] tc bldk izfrQy udn ;k udn rqY; esa izkIr
gksA vr% fdlh lk>snkj osG vodk'k xzg.k osG le; [;kfr osG fy, lek;kstu
lk>snkjksa osG iwth [kkrksa osG ek/;e ls fuEu izdkj ls fd;k tk,xk %
(i) tc iqLrdksa esa [;kfr [kkrk fo|eku u gks %
Remaining Partners Capital A/c
Dr. (In gaining ratio)
To Retiring/Deceased Partners Capital A/c
(ii)
R;kx dk vuqikr vkSj ykHk izkfIr vuqikr esa vUrj
mkj
vUrj dk vk/kkj
1.
37
23. (a), 24. (a), 25. (c), 26. (c), 27. (d), 28. (a), 29. (c),
30. (b)]
tc iqLrdksa esa [;kfr [kkrk fo|eku gks %

All Partners Capital A/c
Dr.
(In old ratio)
To Goodwill A/c
iz'u 3. ,d vodk'k xzg.k djus okys lk>snkj dks ns; jkf'k dh

x.kuk vki fdl izdkj djsaxs\ (How would you calculate the
amount payable to the retiring partner ?)
mkj,d lk>snkj tks QeZ ls vodk'k xzg.k djrk gS mUgsa fuEufyf[kr

jkf'k;k ikus dk vf/kdkj gS(i) fiNys vkFkd fpk osG vuqlkj iwth 'ks"k]
(ii) [;kfr esa mldk fgLlk] (iii) lEifk;ksa vkSj nkf;Roksa osG iquewZY;kadu esa
mldk fgLlk] (iv) fofHkUu lap;ksa ,oa vforfjr ykHkksa esa fgLlk] (v) la;qDr
thou chek ikWfylh esa mldk fgLlk bR;kfnA
mi;qZDr enksa osG ;ksxQy ls ml jkf'k dks ?kVk fn;k tk;sxk ftls ;fn ml
lk>snkj us .k osG :i esa fy;k gksA blosG foijhr vforfjr gkfu osG fgLls dks Hkh
?kVk fn;k tk,xkA
iz'u 4. lk>snkj osG vodk'k xzg.k djrs le; ys[kkadu dh D;k
leL;k, gSa\ (What are the accounting problems at the time
of retirement of a partner ?)
mkjfdlh lk>snkj osG vodk'k xzg.k djrs le; ys[kkadu dh vxzfyf[kr

leL;k, vkrh gSa
(i)
'ks"k lk>snkjksa osG u;s ykHk&foHkktu vuqikr vkSj ykHk izkfIr osG
vuqikr dh x.kukA
(ii) [;kfr dh izfof"V;k djukA
(iii) lEifk;ksa vkSj nkf;Roksa osG iquewZY;kadu dk ys[kkaduA
(iv) lap; rFkk vforfjr ykHk&gkfu dk ys[kkaduA
(v) la;qDr thou chek ikWfylh dk ys[kkaduA
(vi) iwth dk lek;kstuA
(vii) vodk'k xzg.k djus okys lk>snkj dks HkqxrkuA
iz'u 5. lk>snkj osG vodk'k xzg.k ij la;qDr thou chek ikWfylh
osG lek;kstu dh D;k izfof"V;k dh tkrh gSa\ (What adjustment
entries are made for Joint Life Policy on retirement of a
partner ?)
mkjfdlh lk>snkj osG vodk'k xzg.k djrs le; la;qDr thou chek
ikWfylh dk ys[kkadu bl rF; ij fuHkZj djrk gS fd bl ij pqdk;s x;s izhfe;e
dks vk;xr O;; ekuk x;k gS ;k iwthxr O;; ekuk x;k gSA
(i) tc pqdk;s x;s izhfe;e dks vk;xr O;; (Revenue Expenses)
ekuk x;k gksizR;sd la;qDr chek ikWfylh dk ,d leiZ.k ewY; (izFke o"kZ
dks NksMd
+ j) gksrk gSA vr% lk>snkj osG vodk'k xzg.k djus ij leiZ.k ewY; osG
fy, fuEufyf[kr ys[kkadu fd;k tk,xk
Joint Life Policy A/c
Dr. [Surrender Value]
To All Partners Capital A/c
[Old Ratio]
(ii) tc pqdk;s x;s izhfe;e dks iwthxr O;; (Capital Expenditure) ekuk x;k gksbl n'kk esa la;qDr chek ikWfylh dks blosG leiZ.k ewY;
ls igys gh ys[kkafdr dj fn;k x;k gksxk vkSj fLFkfr fooj.k esa igys gh leiZ.k
ewY; ij fn[kk;k x;k gksxkA vr% tc lk>snkj dk vodk'k xzg.k gksrk gS rc
blosG fy, vyx ls dksbZ ys[kkadu ugha fd;k tkrk gSA fdUrq ;fn 'ks"k lk>snkj
bls iqLrdksa esa u fn[kkuk pkgs rks bls vifyf[kr djus osG fy, fuEufyf[kr
ys[kkadu fd;k tk,xk
Remaining Partners Capital A/c
To Joint Life Policy A/c
Dr. [New Ratio]
38
iz'u 6. lk>snkj osG vodk'k xzg.k djus ij u;s ykHk&foHkktu

vuqikr dh x.kuk dSls dh tkrh gS\ (How new profit sharing ratio is calculated at the time of retirement of a partner ?)
mkjfdlh lk>snkj osG vodk'k xzg.k djus ij muosG u;s ykHk foHkktu
dh x.kuk nks fof/k;ksa ls dh tkrh gS
(i) ;fn u;s vuqikr dh x.kuk osG lEcU/k esa lk>snkjh lays[k ekSu gS rks 'ks"k
lk>snkj vius iqjkus vuqikr esa gh ykHk&gkfu dk foHkktu djsaxsA vodk'k xzg.k
djus okys lk>snkj osG fgLlk dks gVkdj 'ks"k lk>snkjksa osG fgLls dks la'kksfkr
djosG bls Kkr fd;k tk,xkA
(ii) ;fn vodk'k xzg.k djus okys lk>snkj osG fgLls dks 'ks"k lk>snkj }kjk
; dj fy;k tkrk gS rks iqjkus ykHkkykHk vuqikr esa ; fd;s x;s fgLls dks
tksMd
+ j u;k vuqikr Kkr fd;k tk,xkA
iz'u 7. lk>snkj osG vodk'k xzg.k djus ij ykHk&izkfIr vuqikr dh
x.kuk dSls dh tkrh gS\ (How Gaining Ratio is calculated at
the time of retirement of a partner ?)
equally between P and R. Calculate new profit sharing ratio of P and R.)
(B.S.E.B., 2014)
Solution :
Qs share will be divided between P and R equally i.e.
1:1
P will gain =
Ps new share =
=
=
R will gain =
Rs new share =
New share of P and R =

=7:5
mkjlk>snkjh lay[s k osG vHkko esa 'ks"k lk>snkj vius iqjkus vuqikr esa gh
ykHk&gkfu dk foHkktu djrs jgsxa s vkSj ;fn iz'u esa u;s vuqikr fn, gq, gksa rks muosG
iz'u 10. A, B vkSj C ,d QeZ esa lk>snkj gSa tks ykHkksa dks
u;s vuqikr esa iqjkus vuqikr dks ?kVkdj ykHk&izkfIr vuqikr Kkr fd;k tkrk gSA
osG vuqikr esa ckVrs gSaA B vodk'k xzg.k djrk gSA A vkSj C dk u;k
ykHk izkfIr vuqikr dh x.kuk fuEu ifjfLFkfr;ksa osG vuqlkj dh tkrh gS
(i) ;fn iz'u esa fdlh lk>snkj osG vodk'k xzg.k djus osG ckn 'ks"k lk>snkjksa ykHkkykHk vuqikr Kkr djsaA (A, B and C are partners sharing
dk ykHkkykHk vuqikr ugha fn;k x;k gks rks 'ks"k lk>snkjksa dks muosG iqjkus ykHkkykHk
profits in the ratio of
. B retires. Calculate new
vuqikr esa gh ykHk dh izkfIr gksxhA
(ii) ;fn iz'u esa iqjkus ykHk&vuqikr osG lkFk 'ks"k lk>snkjksa dk u;k profit sharing ratio of A and C.)
ykHk&vuqikr Hkh fn;k gks rks ykHk izkfIr vuqikr dh x.kuk lk>snkj osG u;s Solution :
vuqikr esa iqjkuk vuqikr ?kVk dj dh tk;sxhA

A:B:C =

+

(iii) ;fn iz'u esa bl ckr dk mYys[k gks fd 'ks"k lk>snkjksa us vodk'k izkIr

lk>snkj osG fgLlk dks veqd vuqikr esa izkIr fd;k gS rks iz'ukuqlkj vuqikr gh
=
ykHk&izkfIr dk vuqikr gksxkA
(iv) ;fn iz'u esa bl ckr dk mYys[k gks fd 'ks"k lk>snkjksa us veqd vuqikr
=3:2:1
esa vodk'k izkIr lk>snkj osG fgLls dks izkIr fd;k gS rc ;gh vuqikr ykHk&izkfIr
If B retires, the new share of A and C will be 3 : 1
vuqikr dgyk;sxkA
iz'u 11. X, Y vkSj Z fdlh QeZ esa 4 : 3 : 2 osG vuqikr esa lk>snkj
iz'u 8. vkyksd] vk'kh"k vkSj vuqjkx ,d QeZ esa lk>snkj gSa tks 5 : gSaA Y vodk'k xzg.k djrk gSA X vkSj Z Hkfo"; esa 5 : 4 osG vuqikr esa
3 : 2 osG vuqikr esa ykHk foHkktu djrs gSaA vki ykHk izkfIr vuqikr dh ykHkkykHk ckVus dk fu.kZ; djrs gSaA ykHk izkfIr vuqikr Kkr djsaA (X,
x.kuk djsa ;fn (a) vkyksd vodk'k xzg.k djrk gS] (b) vk'kh"k vodk'k Y and Z are partners sharing profits in the ratio of 4 : 3 : 2.
xzg.k djrk gS] (c) vuqjkx vodk'k xzg.k djrk gSA (Alok, Ashish Y retires X and Z decided to share profits in future in the
and Anurag are partners in a firm sharing profits in the
ratio of 5 : 3 : 2. Calculate Gaining Ratio if (a) Alok retires
(b) Ashish retires (c) Anurag retires.)
mkjiz'u esa u;k ykHkkykHk vuqikr ugha fn;k gqvk gS] blfy, ;g ekuk
tk;sxk fd 'ks"k lk>snkj iqjkus vuqikr esa gh ykHk izkIr dj jgs gSaA vr% ykHk&izkfIr
vuqikr bl izdkj gksxk
(a) tc vkyksd vodk'k xzg.k djrk gS
vk'kh"k vkSj vuqjkx dk ykHk izkfIr vuqikr = 3 : 2
(b) tc vk'kh"k vodk'k xzg.k djrk gS
vkyksd vkSj vuqjkx dk ykHk izkfIr vuqikr = 5 : 2
(c) tc vuqjkx vodk'k xzg.k djrk gS
vkyksd vkSj vk'kh"k dk ykHk izkfIr vuqikr = 5 : 3
iz'u 9. P, Q vkSj R lk>snkj gSa tks 5 : 4 : 3 osG vuqikr esa ykHk&gkfu
foHkkftr djrs gSaA Q vodk'k xzg.k djrk gS vkSj mlosG fgLls dks P vkSj
R esa cjkcj&cjkcj ckV fn;k x;kA P vkSj R dk u;k ykHk&foHkktu
vuqikr Kkr dhft,A (P, Q and R are partners sharing profits
in the ratio of 5 : 4 : 3. Q retires and his share was divided
ratio of 5 : 4. Calculate Gaining Ratio.

Solution :
Gaining Ratio = New Ratio Old Ratio
For X
For Z
Gaining Ratio between X and Z = 1 : 2
iz'u 12. es?kk] Js;k vkSj Hkkouk ,d QeZ esa lk>snkj gSa tks ykHkksa dks
7 : 5 : 4 osG vuqikr esa foHkkftr djrh gSa vkSj QeZ dh [;kfr dk
ewY;kadu ` 64,000 fd;k tkrk gSA QeZ dh iqLrdksa esa [;kfr [kkrk fo|eku
ugha gSA es?kk vkSj Js;k Hkfo"; esa leku vuqikr esa ykHk foHkkftr djsaxsA
Hkkouk vodk'k xzg.k djrh gSaA [;kfr osG fy, vko';d izfof"V cukb,A
(Megha, Shreya and Bhawna are partners in a firm sharing
profits in the ratio of 7 : 5 : 4. Bhawna retires and the
goodwill of the firm is valued ` 64,000. No goodwill account
appears as yet in the books of the firm. Megha and Shreya

will share future profits equally. Pass necessary journal
entries for goodwill.)
Solution :
`
`
Meghas Capital A/c
Dr.
4,000
Shreyas Capital A/c
Dr. 12,000
To Bhawnas Capital A/c
16,000
(Being Bhawnas share of goodwill adjusted to Meghas and Shreyas Capitals
A/c in their gaining ratio)
39
Ps share out of

is =

Ps share out of 1 is =
Qs share out of

is =

Qs share out of 1 is =
iz'u 13. P, Q vkSj R ,d QeZ esa leku vuqikr osG lk>snkj gSaA R
vodk'k xzg.k djrk gS vkSj QeZ dh [;kfr dk ewY;kadu ` 36,000
fd;k tkrk gSA QeZ dh iqLrdksa esa [;kfr fo|eku ugha gS P vkSj Q Hkfo";
esa 3 : 2 osG vuqikr esa ykHk foHkktu osG fy, lger gksrs gSaA [;kfr osG fy,
izfof"V djsaA (P, Q and R are equal partners in a firm. R
retires and the goodwill of the firm valued at ` 36,000. No
goodwill account appears as yet in the books of the firm. P
and Q agree to share future profits in the ratio of 3 : 2. Pass
necessary journal entries for goodwill.)
[C.B.S.E., 2004]
Solution :
Ps Capital A/c
Dr.
9,600
Qs Capital A/c
Dr.
2,400
To Rs Capital A/c
12,000
Rs share out of

is =

Rs share out of 1 is =

or 6 : 5 : 3

(b) Calculation of Gaining Ratio :
Gaining ratio = New ratio Old ratio
Hence, New Ratio =
Ps gain =

=
=

Rs gain =
=
=

iz'u 14. P, Q, R vkSj S lk>snkj gSa tks 6 : 5 : 3 : 2 osG vuqikr esa

ykHkksa dk foHkktu djrs gSaA S QeZ ls vodk'k xzg.k djrk gSA S osG

gaining

ratio =

Hence,
or 6 : 5 : 3
=
=
=

vodk'k xzg.k djus osG ckn u;s ykHk&foHkktu vuqikr rFkk ykHk&izkfIr

iz'u 15. A, B vkSj C 5 : 3 : 2 osG vuqikr esa ykHk foHkkftr djrs
vuqikr dh x.kuk dhft;sA (P, Q, R and S are partners sharing
profits in the ratio 6 : 5 : 3 : 2. S retires from the firm. gSaA iqLrdksa esa [;kfr ` 40,000 ls fn[kkbZ xbZ gSA B vodk'k xzg.k djrk
Calculate new ratio after Ss retirement and also gaining gS vkSj ml fnu [;kfr dk ewY;kadu ` 63,000 fd;k tkrk gSA [;kfr osG
ratio.)
fy;s jkstukepk izfof"V cukb;sA (A, B and C sharing profits and
Solution :
losses in the ratio of 5 : 3 : 2. Goodwill is appearing in
(a) Calculation of new profit sharing ratio :
books at a value of ` 40,000. B retries and the day of Bs
retirement goodwill is valued at ` 63,000. Pass Journal to
Combined share of P, Q and R = 1
record the transaction.)
(Being retiring partners share of goodwill
adjusted to remaining partners capital
account in the gaining ratio 4 : 1)
Solution :
Qs gain =
Journal
Date
Dr.
Particulars
L.F. Amount
`
As Capital A/c
Bs Capital A/c
Cs Capital A/c
To Goodwill A/c
Dr.
Dr.
Dr.
Cr.
Amount
`
20,000
12,000
8,000
40,000
(Being existing goodwill written off in old ratio)
As Capital A/c
Cs Capital A/c
To Bs Capital A/c
Dr.
Dr.
13,500
5,400
18,900
(Being Bs share of goodwill adjusted i.e. ` 63,000
1234567890123
iz'u 1- lk>snkj osG vodk'k

retirement of a partner.)
xzg.k ij [;kfr osG ys[kkadu O;ogkj dks le>kb,A (Explain Accounting Treatment of Goodwill on
40
mkj[;kfr dk ys[kkadu O;ogkj (Accounting Treatment of

Goodwill)
Step 1 : vodk'k xzg.k djus okys lk>snkj dk [;kfr esa fgLls dh
x.kuk ,oa O;ogkj
tc ,d lk>snkj vodk'k xzg.k djrk gS] 'ks"k lk>snkj vodk'k xzg.k
djus okys osG ykHk osG fgLls dks vftZr djrs gSa] bl izkfIr osG fy, 'ks"k lk>snkjksa
dks vodk'k xzg.k djus okys lk>snkjksa dks [;kfr osG :i esa {kfriwfrZ ogu djuh
iM+rh gSA [;kfr dk ewY;kadu lk>snkjh lays[k osG izkokkuksa osG vuqlkj fd;k
tkrk gSA vodk'k xzg.k osG le; [;kfr dk iz;kstu ;g gS fd 'ks"k lk>snkjksa dh
ykxr ij vodk'k xzg.k djus okys lk>snkj dks ykHk gksA
ys[kkadu ekud&10/26 osG vuqlkj [;kfr dks iqLrdksa esa osGoy rHkh
fy[kk tk ldrk gS] tc mlosG fy, eqk ;k eqk rqY; jkf'k osG :i esa oqGN
izfrQy pqdk;k x;k gksA bl izdkj osGoy [kjhnh xbZ [;kfr dks gh QeZ dh
iqLrdksa esa fy[kk tkuk pkfg,A
[;kfr osG lEcUk esa fuEu ckrsa egRoiw.kZ gSa
(1) lcls igys [;kfr dk ewY;kadu fd;k tkrk gSA vodk'k xzg.k djus
okys lk>snkj osG fgLls dh [;kfr dh jde ls mlosG iwth [kkrs dks sfMV fd;k
tkrk gS vkSj 'ks"k lk>snkjksa osG iwth [kkrksa dks izkfIr vuqikr esa MsfcV fd;k tkrk
gSA bl izdkj [;kfr [kkrk [kksys fcuk gh [;kfr dk ys[kkadu fd;k tkrk gS
vFkkZr~ iwth [kkrksa osG ek;e ls [;kfr dk ys[kk gksrk gSA
tuZy osG ys[ks
Remaining Partners Capital A/c Dr. (In gaining ratio)
To Retiring Partners Capital A/c
(2) ;fn dksbZ lk>snkj vodk'k xzg.k@e`R;q dh fLFkfr esa] ykHk esa vius Hkkx
dk oqGN va'k R;kx djrk gS rks fuxkZeh@e`r lk>snkj dh iwth osG lkFk mlosG iwth
[kkrs dks Hkh tek fd;k tk;sxkA ,slh fLFkfr esa mUgha 'ks"k lk>snkjksa osG iwth [kkrs
dks uke (MsfcV) fd;k tk;sxk] ftUgksaus ykHk izkIr (Gain) fd;k gSA
tuZy osG ys[ks
Remaining Partners Capital A/c Dr. (Who have gained)
To Continuing Partners Capital A/c (who has sacrificed)
(Gaining Partners Capital A/cs debited and
retiring partners and sacrificing partners
Capital A/cs credited to adjust the goodwill)
Step 2 : QeZ dh iqLrdksa vFkkZr~ Balance Sheet esa fo|eku [;kfr
dks vifyf[kr djukA

;fn QeZ dh iqLrdksa esa [;kfr [kkrk fo|eku gks rks lk>snkj osG vodk'k
xzg.k djus vFkok fdlh lk>snkj dh e`R;q gksus dh n'kk esa [;kfr dks lHkh
lk>snkjksa esa muosG iqjkus vuqikr esa vifyf[kr fd;k tk;sxkA
tuZy izfof"V
All Partners Capital A/c
Dr.
(Old Ratio ls)
To Goodwill A/c
(For goodwill written off in old ratio)
iz'u 2. la;q thou chek ikWfylh D;k gS\ lk>snkj osG vodk'k
xzg.k djus ij la;q thou chek ikWfylh dk foHkktu fdl izdkj fd;k
tkrk gS\ (What is Joint Life Insurance Policy ? How is the
treatment of Joint Life Insurance Policy on Retirement of a
partner ?)
mkjla;Dq r thou chek ikWfylh ls vk'k; (Meaning of Joint
Life Insurance Policy)dHkh&dHkh ,d lk>snkjh QeZ lk>snkjksa osG thou
ij i`Fkd~&i`Fkd~ thou chek ikWfylh vFkok la;qDr thou chek ikWfylh ysrh gSA
pwfd bu ikWfyfl;ksa ij izhfe;e dk Hkqxrku QeZ }kjk fd;k tkrk gSA ;s ikWfyfl;k
QeZ dh lEifk gSa vkSj lHkh lk>snkjksa dks thou chek ikWfyfl;ksa ls izkIr gksus okyh
jde dks izkIr djus dk vfkdkj gSA ,d thou chek ikWfylh ml le; ifjiDo
gksrh gS vFkkZr~ thou chek ikWfylh dh jde ml le; izkIr gksrh gS tc ,d
lk>snkj dh e`R;q gksrh gS ;k ikWfylh dh vofk lekIr gks tkrh gSA
lk>snkj osG vodk'k xzg.k djus ij la;Dq r thou chek ikWfylh dk

O;ogkj (Treatment of Joint Life Insurance Policy on
Retirement of a Partner)lk>snkj osG vodk'k xzg.k djus osG le;
la;qDr thou chek ikWfylh vifjiDo (unmatured) jgrh gSA chek dEiuh
la;qDr thou chek ikWfylh dh chfer jkf'k dk Hkqxrku ikWfylh dh ifjiDork
(vFkkZr~ ikWfylh dh vofk iwjk gksus ij) vFkok chfer O;fDr;ksa esa ls fdlh ,d
dh e`R;q gksus ij djrh gSA vr% vodk'k xzg.k dh fLFkfr esa la;qDr thou chek
ikWfylh dk ^leiZ.k ewY;* (Surrender value) Kkr fd;k tkrk gS vkSj chek
dEiuh ^leiZ.k ewY;* dk Hkqxrku djrh gSA leiZ.k ewY; og jkf'k gksrh gS tks
ikWfylh dh ns; frfFk ls iwoZ R;kxus ij chek dEiuh }kjk QeZ dks pqdkbZ tkrh gSA
ys[kkadu izfof"V;k (Accounting Entries)
fLFkfr (Case) I;fn iqLrdksa esa la;qDr thou chek ikWfylh u n'kkZ;h
xbZ gks vkSj ^leiZ.k ewY;* dks iwth [kkrs osG ek;e ls lek;ksftr fd;k
tk;s
Step 1 : igys leiZ.k ewY; esa vodk'k xzg.k djus okys lk>snkj dk
fgLlk fudkysaA
Step 2 : fQj iqjkus lk>snkjksa osG iwth [kkrs dks ykHk&izkfIr vuqikr esa
MsfcV ,oa vodk'k xzg.k djus okys lk>snkj osG iwth [kkrs dks sfMV djrs gq,
lek;kstu djsaA
Gaining Partners Capital A/cs
Dr. (ykHk izkIr vuqikr esa)
To Retiring Partner's Capital A/c
(mldk fgLlk)
(Being the retiring partner's share of surrender
value of J.L.P. adjusted through the Capital
Accounts)
fodYir% (Alternatively)
fLFkfr (Case) IIla;qDr thou chek ikWfylh [kkrk osG ek;e ls
leiZ.k ewY; dk lek;kstu
izfof"V 1
Joint Life Policy A/c
Dr.
(leiZ.k ewY;)
To All Partners Capital A/cs
(iqjkus vuqikr ls)
(Being the surrender value of J. L. P. recorded)
izfof"V 2
Dr.
(u;s vuqikr ls)
(Being the surrender value of J.L.P. written off)
fLFkfr (Case) III;fn iqLrdksa esa la;qDr thou chek ikWfylh u

n'kkZ;h xbZ gks] ijUrq lk>snkj ubZ QeZ dh iqLrdksa esa bls n'kkZus dk fu.kZ;
djrs gSa
Joint Life Policy (leiZ.k ewY;) A/c Dr.
(iqjkus vuqikr ls)
(Being the surrender value of J.L.P. recorded)
fLFkfr (Case) IV;fn iqLrdksa esa la;qDr thou chek ikWfylh n'kkZ;h
xbZ gksdksbZ tuZy izfof"V ugha dh tk;sxhA
fLFkfr (Case) V;fn iqLrdksa esa la;qDr thou chek ikWfylh n'kkZ;h
xbZ gks vkSj lk>snkj bls ubZ QeZ dh iqLrdksa esa n'kkZus dk fu.kZ; ysrs gSa
Continuing Partners Capital A/cs Dr.
(In New Ratio)
(Being the surrender value of J.L.P. written off)
fLFkfr (Case) VIiqLrdksa esa la;qDr thou chek ikWfylh rFkk

la;qDr thou chek ikWfylh lap; nksuksa fn;s x;s gksa
Joint Life Policy Reserve A/c
Dr.
(Being J.L.P. Reserve transferred to all Partners Capital Accounts in their old profit
sharing ratio)
(In Old Ratio)

41
(His share in
fLFkfr (Case) VII;fn iqLrdksa esa la;qDr thou chek ikWfylh rFkk
surrender value)
la;qDr thou chek ikWfylh lap; nksuksa gh n'kkZ;s x;s gksa vkSj lk>snkj bUgsa
(Being retiring partners share in surrender
ubZ QeZ dh iqLrdksa esa ugha n'kkZus dk fu'p; djrs gSa
value debited to gaining partners)
izfof"V 1
iz'u 3. A, B vkSj C ,d QeZ esa lk>snkj gSa ftudk ykHk foHkktu
Joint Life Policy Reserve A/c
Dr.
vuqikr 3 : 2 : 1 gSA A QeZ ls vodk'k xzg.k djrk gSA ml frfFk ij QeZ
dk vkFkd fpk fuEu izdkj Fkk (A, B and C are partners in a
(Being J.L.P. and J.L.P. Reserve A/c closed)
izfof"V 2
Dr. (In Gaining Ratio)
firm sharing profits in the ratio of 3 : 2 : 1. A retires from

his firm. On that date the Balance Sheet of the firm was as
follows) :
Balance Sheet
Liabilities
Amount
Assets
Amount
fofo/k ysunkj (Sundry Creditors)

ns; fcy (Bills Payable)
lap; dks"k (Reserve Fund)
vnk etnwjh (Outstanding Wages)
iwth (Capitals) :
A
B
C
30,000
7,000
12,000
3,000
`
50,000
40,000
30,000
cSad (Bank)
nsunkj (Debtors)
LVkWd (Stock)
QuhZpj (Furniture)
Hkou (Building)
e'khujh (Machinery)
38,000
14,000
10,000
25,000
40,000
45,000
1,20,000
1,72,000
1,72,000
fuEu 'krks ij vodk'k xzg.k fd;k x;k (Retirement made on following terms) :
(a) QeZ dh [;kfr dk ewY;kadu ` 48,000 fd;k x;k (Goodwill of the firm to be valued at ` 48,000)A
(b) Hkou dks 10% c<+kuk gS] LVkWd dks 10% ?kVkuk gS (Building have appreciated by 10%; stock depreciated by 10%)A
(c) A dks cSad }kjk Hkqxrku fd;k tk;sxkA cSad 'ks"k iz;ksx djus osG ckn vko';d jkf'k cSad ls .k yh tk;sxh (A will be paid through Bank.
After using Bank balance if required, necessary loan may be obtained from Bank)A
(d) B rFkk C dk u;k ykHk forj.k vuqikr 5 : 1 gksxk (The new profit-sharing ratio of B and C is decided to be 5 : 1)A
vko';d [kkrs rFkk ubZ QeZ esa B vkSj C dk fLFkfr fooj.k rS;kj dhft,A (Give the necessary ledger accounts and the Balance Sheet
of B and C.)
Solution :
Dr.
(J.A.C., 2010)
Revaluation Account
Particulars
Amount
Cr.
Particulars
Amount
To Stock
To Profit transferred to Partners
Capital A/cs :
A
B
C
Dr.
1,000
By Building
4,000
1,500
1,000
500
3,000
4,000
4,000

Particulars
A
`
To As Capital A/c
To Bank A/c
To Balance c/d
81,500
24,000
21,000
32,500
81,500
45,000
32,500
Particulars
Cr.
A
`
By Balance b/d
By Reserve Fund
By Bs Capital A/c
By Revaluation A/c
50,000
6,000
24,000
1,500
81,500
B
`
40,000
4,000
1,000
45,000
C
`
30,000
2,000
500
32,500
42
Dr.
Bank Account
Particulars
Cr.
Amount
Particulars
Amount
To Balance b/d
To Bank Loan A/c
38,000
43,500
81,500
By As Capital A/c
81,500
81,500
Balance Sheet of B and C

Liabilities
Amount
Assets
Amount
Sundry Creditors
Bills Payable
Bank Loan (Note 3)
Outstanding Wages
Capitals :
B
C
30,000
7,000
43,500
3,000
`
21,000
32,500
Debtors
Stock (` 10,000 1,000)
Furniture
Building (` 40,000 + 4,000)
Machinery
1,37,000
3.
1.
As share in Goodwill = 48,000
2.
Gaining Ratio = New Ratio Old Ratio
` 24,000
Less :
, Cs Gain =
dks ns; jkf'k (Amount payable to A)

cd esa jksdM+ (Bank Balance in Firm)
cd .k (Bank Loan)
= 81,500
= 38,000
= 43,500

'u
iz

4. 31 ekpZ] 2013 dks v] c vkSj l dk fLFkfr fooj.k uhps fn;k

x;k gS tks fd viuk ykHk 5 : 3 : 2 osG vuqikr esa foHkkftr djrs g (The
After Retirement : New Share of B and C = 5 : 1 or

=
Calculation of Bank Loan :

A
Old Ratio : A : B : C = 3 : 2 : 1 or
14,000
9,000
25,000
44,000
45,000
53,500
1,37,000
Working Notes :
Bs Gain =
= Nil
Balance Sheet of A, B and C who were sharing profits in

the ratio of 5 : 3 : 2 is given below as on 31st March, 2013) :
vr% flQZ B gh A dh [;kfr dh {kfriwr djsxkA
Balance Sheet of A, B and C

Liabilities
Amount
Assets
Amount
iwth (Capitals) :
A
7,20,000
4,15,000
3,45,000
lap; fuf/k (Reserve Fund)

vnk O;; (Outstanding Expenses)
14,80,000
1,80,000
1,24,000
16,000
Hkwfe (Land)
Hkou (Building)
la;U= o e'khujh (Plant & Machinery)
QuhZpj o fQfVaXl (Furniture & Fittings)
fofo/k nsunkj (Sundry Debtors)
LVkWd (Stock)
gLrLFk jksdM+ (Cash in hand)
18,00,000
4,00,000
3,80,000
4,65,000
77,000
1,72,000
1,85,000
1,21,000
18,00,000
c mijksDr frfFk dks lsokfuo`k gksrk gS rFkk mldh lsokfuo`fk ij fuEu

lek;kstukvksa osG fy, lgefr gqbZ (B retires on the above date and
fy, iz k o/kku dh vko';drk Fkh (An amount of
the following adjustments are agreed upon his retirement) :
a provision for the same was required)A
(i)
LVkWd dk ewY;kadu ` 1,72,000 ij gqvk Fkk (Stock was valued

at ` 1,72,000)A
(ii)
QuhZpj o fQfVaXl dk ewY;kadu ` 80,000 ij gqvk Fkk (Furniture and fittings were valued at ` 80,000)A
(iii) ` 10,000 dh jkf'k ,d nsunkj] E }kjk ns; lafnX/k jkf'k Fkh ftlosG
` 10,000 due from Mr. E, a debtor, was doubtful and
(iv)
[;kfr dk ewY;kadu ` 2,00,000 gqvk Fkk ysfdu fu.kZ; fy;k x;k

fd [;kfr dks ys[kk iqLrdksa esa ug n'kkZ;k tk;sxk (Goodwill of
the firm was valued at ` 2,00,000 but it was decided not to show goodwill in the books of
accounts)A
43
c dks lsokfuo`fk osG le; ` 40,000 dk Hkqxrku rqjUr fd;k x;k Fkk
rFkk 'ks"k dks mlosG .k [kkrs esa gLrkUrfjr fd;k x;k FkkA (B was
and C were to share future profits in the ratio of

3 : 2)A
paid ` 40,000 immediately on retirement and the

balance was transferred to his Loan Account)A
(vi) v vkSj l Hkfo"; esa ykHk dk foHkktu 3 : 2 osG vuqikr esa djsaxs (A
iquewZY;kadu [kkrk] iwth [kkrs rFkk iquxZfBr QeZ dk rqyu&i= (vkFkd

fpV~Bk) rS;kj dhft, (Prepare Revaluation Account, Capital Ac-
(v)
counts and Balance Sheet of the reconstituted firm.)

(NCERT)
Solution :
In the Books of A, B and C
Revaluation Account
Dr.
Particulars
Amount
Cr.
Particulars
Amount
To Stock A/c
To Provision for Doubtful Debts A/c
13,000
10,000
By Furniture A/c
By Loss on Revaluation transferred to : `
As Capital A/c
10,000
Bs Capital A/c
6,000
Cs Capital A/c
4,000
23,000
Dr.
Date
Particulars
Dr.
Particulars
Dr.
Date
Particulars
L.F.
2013
10,000 Mar. 31 By Balance b/d
20,000
By Reserve Fund A/c
7,80,000
8,10,000
`
Amount
`
7,20,000
90,000
8,10,000
L.F. Amount
Date
Cr.
Particulars
L.F.
2013
40,000
By Reserve Fund A/c
4,83,000
By As Capital A/c
By Cs Capital A/c
5,29,000
`
Amount
`
4,15,000
54,000
20,000
40,000
5,29,000
Cs Capital Account
Particulars
2013
Mar. 31 To Revaluation A/c
To Bs Capital A/c A/c
To Balance c/d
Dr.
Date
L.F. Amount
Cr.
Bs Capital Account
2013
To Cash A/c
To Bs Loan A/c
Date
20,000
23,000
As Capital Account
2013
To Bs Capital A/c
To Balance b/d
Date
3,000
L.F. Amount
Date
Cr.
Particulars
L.F.
`
2013
40,000
By Reserve Fund A/c
3,37,000
3,81,000
Amount
`
3,45,000
36,000
3,81,000
Cash Account
Particulars
2013
Mar. 31 To Balance
L.F. Amount
Date
Cr.
Particulars
`
2013
1,21,000 Mar. 31 By Bs Capital A/c
By Balance c/d
1,21,000
L.F.
Amount
`
40,000
81,000
1,21,000
44
Balance Sheet of A and C

(as on April 1, 2013)
Liabilities
Amount
Assets
Capital A/cs :
A
C
Bs Loan A/c
Sundry Creditors
Outstanding Expenses
Amount
`
Land
Buildings
Plant and Machinery
Furniture
`
Stock
Sundry Debtors
1,72,000
Less : Provision for Doubtful Debts 10,000
Cash (` 1,21,000 40,000)
7,80,000
3,37,000 11,17,000
4,83,000
1,24,000
16,000
17,40,000
4,00,000
3,80,000
4,65,000
80,000
1,72,000
1,62,000
81,000
17,40,000
Working Note :
(i) Calculation of Gaining Ratio :
Share of Gain of A = New Share Old Share =
Share of Gain of C = New Share Old Share =
Gaining Ratio between A and C =
(ii)

=

=
=

=
=1:2
Calculation of Share of Goodwill :

Bs Share of Goodwill = ` 2,00,000
= ` 60,000. This will be compensated by A and C in the ratio of 1 : 2,

A = ` 60,000

=`
20,000

C = ` 60,000
= ` 40,000
iz'u 5. vkj] ,l vkSj Vh lk>snkj g tks ykHkksa dks 4 : 3 : 2 osG vuqikr esa foHkkftr djrs gA 31 ekpZ] 2013 dks mudk fpk fuEufyf[kr Fkk
(R, S and T are partners sharing profits in the ratio of 4 : 3 : 2. Their Balance Sheet as on 31st March, 2013 was as
follows) :
Balance Sheet of R, S and T
nkf;Ro
jkf'k
ifjlEifk;k
jkf'k
(Liabilities)
(Amount)
(Assets)
(Amount)
ysunkj (Creditors)
lkekU; lap; (General Reserve)
iwth (Capitals) :
R
S
T
33,000
27,000
`
70,000
45,000
30,000
1,45,000
2,05,000
jksdM+ (Cash)
nsunkj (Debtors)
jgfr;k (Stock)
e'khu (Machinery)
Hkwfe ,oa Hkou (Land and Building)
10,000
15,000
30,000
50,000
1,00,000
2,05,000
mDr frfFk dks S fuEr 'krks ij vodk'k xzg.k djrk gS (S retires on the above date on the following conditions) :
(i) Hkwfe ,oa Hkou dks 20% ls c<+k;k tkuk gS (Land and Building be appreciated by 20%)A
(ii) [;kfr dk ewY;kadu ` 18,000 ij fd;k tkuk gS (Goodwill is to be valued at ` 18,000)A
(iii) lafnX/k .kksa osG fy, 5% izko/kku l`ftr fd;k tkuk gS vkSj e'khu dks 10% rFkk LVkWd dks 5% ls vifyf[kr fd;k tkuk gS (A provision for
doubtful debts of 5% is to be created and machinery be written down by 10% and stock by 5%)A
(iv) dkuwuh 'kqYd osG lEcU/k esa ` 1,500 dk izko/kku fd; tk;s (A provision of ` 1,500 be made in respect of legal charges)A
(v) lk>snkjksa dh la;qDr thou ikWfylh dks leir fd;k x;k vkSj ` 13,500 udn izkIr gqvk (Joint Life Policy of the partners surrendered
and cash obtained ` 13,500)A
45
,l dks ` 5,000 udn fn;k tkuk gS vkSj 'ks"k mlosG .k [kkrs esa gLrkUrfjr fd;k tkuk gSA (S to be paid ` 5,000 in cash and balance to be
transferred to his Loan Account.)
iquewZY;kadu [kkrk] lk>snkjksa osG iwth [kkrs rFkk ^vkj* ,oa ^Vh* dk fpk cukb,A (Prepare Revaluation Account, Partners Capital
Accounts and Balance Sheet of R and T.)
Solution :
Dr.
Revaluation Account
Cr.
Particulars
Amount
Particulars
Amount
To Provision for Doubtful Debts A/c

To Machinery A/c
To Stock A/c
To Provision for Legal Charges A/c
To Capital A/cs :
750
5,000
1,500
1,500
By Land and Building A/c
20,000
5,000
3,750
2,500
11,250
20,000
Dr.
20,000
Partners Capital Account

Particulars
To Ss Capital A/c
To Cash A/c
To Ss Loan A/c
To Balance c/d
4,000
89,000
5,000
63,250
2,000
39,500
93,000
68,250
41,500
Cr.
Particulars

By Balance b/d
By Gen. Reserve A/c
By Revaluation A/c
By Rs Capital A/c
By Ts Capital A/c
By J.L. P. A/c
70,000
12,000
5,000
6,000
93,000
45,000
9,000
3,750
4,000
2,000
4,500
68,250
30,000
6,000
2,500
3,000
41,500
Balance Sheet of R and T

(After Ss Retirement)
Liabilities
Amount
Assets
Creditors
Provision for Legal Charges
Ss Loan
Capital A/cs :
R
T
33,000
1,500
63,250
`
89,000
39,500
1,28,500
2,26,250
Amount
`
Cash
`
Debtors
15,000
Less : Provision for Doubtful Debts
750
Stock
30,000
Less : Reduction
1,500
Machinery
50,000
Less : Depreciation
5,000
Land and Building
1,00,000
Add : Appreciation
20,000
18,5001
14,250
28,500
45,000
1,20,000
2,26,250
1. ` 10,000 + 13,500 5,000 = ` 18,500.
46
lkksnkjh dk iquxZBulkksnkj dh e`R;q

[RECONSTITUTION OF PARTNERSHIP : DEATH OF A PARTNER]

1234567890123456789
1234567890123456789
cgqfodYih; iz'u (Multiple Choice Questions)1234567890123456789
(a) 5% okf"kZd (5% p.a.)

(c) 7% okf"kZd (7% p.a.)
6.

1. e`rd lk>snkj dks ns; jkf'k pqdk;h tkrh gS mlosG --------- (The amount
due to the deceased partner is paid to his ......) :
(a) firk dks (Father)
(b) nksLr dks (Friend)
(c) iRuh dks (Wife)
(d) fu"iknd@mkjkf/kdkjh (Executors)
2. fdlh lk>snkj dh e`R;q gksus ij mldks ns; iwjh jkf'k fdlosG iwth [kkrs esa
gLrkUrfjr dh tk;sxh (In case of death of a partner, the
whole amount standing to the credit of his capital account is transferred to) :
(a) lHkh lk>snkjksa osG iwth [kkrs esa (Capital Accounts of all partners)
(b) 'ks"k lk>snkjksa osG iwth [kkrs esa (Capital Accounts of remaining partners)
(c) mlosG mkjkf/kdkjh osG [kkrs esa (His Executor's Account)
(d) ljdkj osG [kkrs esa (Account of the Government)
3. lk>snkj dh e`R;q ij vfUre Hkqxrku gksrk gS (On the death of a
partner in a firm payments are made to) :
(a) iwth [kkrk ls (Capital A/c)
(b) fu"iknd [kkrk ls (Executor's A/c)
(c) pkyw [kkrk ls (Current A/c)
(d) .k [kkrk ls (Loan A/c)
4.
,Dl] okbZ vkSj tsM
osG vuqikr esa ykHkksa dk foHkktu djrs gSaA
tsM dh e`R;q gks tkrh gSA ,Dl vkSj okbZ dk u;k vuqikr gksxk (X, Y and
Z share profits in the ratio of
, Z dies. New ratio
of X and Y will be) :

(B.S.E.B., 2012, 13)
(a) 3 : 2
(b) 2 : 3
(c) 2 : 1
5.
e`rd lk>snkj osG fu"iknd dks lk>snkj dh e`R;q frfFk ls ns; jkf'k ij
C;kt fn;k tk;sxk (The executors of deceased partner will
be paid interest on the amount due from the date of
death of the partner at) :
(B.S.E.B., 2013)
(b) 6% okf"kZd (6% p.a.)

(d) 8% okf"kZd (8% p.a.)
,d lk>snkj dh e`R;q dh n'kk esa] lafpr ykHk o gkfu;k lk>snkjksa }kjk ckVh
tkrh gSa muosG (In the event of death of a partner, the accumulated profits and losses are shared by the partners
in their) :
(B.S.E.B., 2009, 11)
(a) iqjkus ykHk&foHkktu osG vuqikr esa (Old Profit-sharing Ratio)
(b) u;s ykHk&foHkktu vuqikr esa (New Profit-sharing Ratio)
(c) iwth vuqikr esa (Capital Ratio)
7.
,d lk>snkj dh e`R;q gksus ij la;qDr thou chek ikWfylh dks fuEu osG iwth
[kkrs esa tek fd;k tkrk gS (On the death of a partner, the
amount of Joint Life Insurance Policy is credited to

the Capital Accounts of) :
(a) flQZ e`r lk>snkj (Only the deceased partner)
(b) e`r lk>snkj lfgr lHkh lk>snkj (All partners including the
deceased partner)

(c) 'ks"k cps lk>snkjksa] muosG u;s ykHk&foHkktu vuqikr esa (Remaining partners, in the new profit-sharing ratio)
(d) 'ks"k cps lk>snkjksa] muosG iqjkus ykHk&foHkktu vuqikr esa (Remaining partners, in their old profit-sharing ratio)
8. fdlh lk>snkj dh e`R;q ij] 'ks"k lk>snkj ftUgksaus ykHk&foHkktu vuqikr esa
ifjorZu osG dkj.k vf/kykHk fd;k gS] {kfriwfrZ djsaxs (On death of a
partner, the remaining partner(s) who have gained due
to change in profit-sharing ratio should compensate
the) :
(a) osGoy e`rd lk>snkj dks (Deceased partner only)
(b) 'ks"k lk>snkj (ftUgksaus R;kx fd;k gS)] lkFk gh lkFk e`rd lk>snkj dks
(Remaining partners (who have sacrificed) as well
as deceased partner)
(c) osGoy 'ks"k lk>snkjksa dh (ftUgksaus R;kx fd;k gS) [Remaining
partners only (who have sacrificed)]
9. B, C ,oa D lk>snkj gSa tks ykHkksa dks 7 : 5 : 4 ds vuqikr esa foHkkftr
djrs gSaA 30 twu] 2013 dks D dh e`R;q gks xbZ vkSj o"kZ 2012-13 ds
fy, ykHk ` 12,000 FksA 1 vSy] 2013 ls 30 twu] 2013 rd dh
vof/k ds fy, ykHk esa fgLls dh fdruh jkf'k ls D ds [kkrs dks sfMV
fd;k tk;sxk (B, C and D are partners sharing profit in
the ratio 7 : 5 : 4. D died on 30th June, 2013 and profits
for the year 2012-13 were ` 12,000. How much share
in profits for the period Ist April, 2013 to 30th June,
2013 will be credited to Ds Account) :
(C.P.T. 2006 Nov.)
(a) ` 3,000
(b) ` 750
(d) ` 1,000
(c) 'kwU; (Nil)
lk>snkjh dk iquxZBulk>snkj dh e`R;q

47
10. A, B ,oa C lk>snkj gSa vkSj ykHk&gkfu dks 2 : 2 : 1 ds vuqikr esa ckVrs 16. Hkkjrh; lk>snkjh vf/kfu;e] 1932 dh /kkjk 37 ds vuqlkj mkjkf/kdkjh
gSaA C dh e`R;q 31 ekpZ] 2014 dks gks xbZA 31 ekpZ dks lekIr gksus okys
C;kt ds fy,-----% fro"kZ ls vf/kr gksaxs lk>snkj dh e`R;q dh frfFk ls
o"kZ osG fy, ykHk ` 64,000 gSA ykHk esa e`rd lk>snkj dk fgLlk gksxk
e`r lk>snkj dks ns; vfUre jkf'k ij Hkqxrku dh frfFk rd (As per
11.
12.
13.
14.
15.
(A, B and C are partners sharing profits and losses in

the ratio of 2 : 2 : 1. C died on 31st March, 2014. The
profits of the financial year ending 31st March, 2014 is
` 64,000. The share of the deceased partner in the profits will be)
(C.P.T., 2007, May)
(a) ` 9,200
(b) ` 12,800
(c) ` 3,100
(d) ` 6,100
lk>snkjksa dh la;qDr thou ikWfylh ,d ------------- [kkrk gS (JLP of
the partners is a/an........account)
(C.P.T., 2007, Nov.)
(a) ukeek= (Nominal)
(b) O;fDrxr (Personal)
(d) lEifk (Asset)
QeZ }kjk izkIr la;qDr chek ikWfylh dh jkf'k ckVh tkrh gS (Joint Life
Policy amount received by a firm is distributed in)
(a) izkjfEHkd iwth vuqikr esa (Opening Capital Ratio)
(b) vfUre iwth vuqikr esa (Closing Capital Ratio)
(c) lk>snkjksa osG iqjkus ykHk foHkktu vuqikr esa (Old Profit Sharing
Ratio of Partners)
(d) lk>snkjksa osG u;s vuqikr esa (New Profit Sharing Ratio)
A, B ,oa C 3 : 2 : 1 osG vuqikr esa ykHk foHkkftr djrs gq, lk>snkj gSaA
` 3,00,000 dh la;qDr thou ikWfylh FkhA fpk esa bldk leiZ.k ewY;
` 90,000 gSA C dh e`R;q gks tkrh gSA ikWfylh esa izR;sd lk>snkj dk fgLlk
D;k gS\ (A, B and C are partners sharing profits in the
ratio of 3 : 2 : 1. They had a Joint Life Policy of
` 3,00,000. Surrender value of JLP in Balance Sheet is
` 90,000. C dies what is share of each partner in
JLP ?)
(C.P.T., 2009, Dec.)
(a) ` 1,05,000; ` 70,000; ` 35,000
(b) ` 45,000; ` 30,000; ` 15,000
(c) ` 1,50,000; ` 1,00,000; ` 50,000
(d) ` 1,95,000; ` 1,30,000; ` 65,000
X, Y ,oa Z 7 : 5 : 4 osG vuqikr esa ykHkksa dk foHkktu djrs gq, lk>snkj
gSaA 30 twu] 2013 dks Z dh e`R;q gks xbZ vkSj 31 ekpZ] 2014 dks lekIr
gksus okys o"kZ osG fy, ykHk ` 2,40,000 FksA 1 vizy
S ] 2013 ls 30 twu]
2013 dh vof/k osG fy, ykHk esa fgLls osG fy, fdl jkf'k ls Z osG [kkrs
dks ozsGfMV fd;k tk,xk] eku ysa fd o"kZ Hkj ykHk leku :i ls gq, (X, Y
and Z are partners sharing profits in the ratio of 7 : 5 : 4.
On 30th June, 2013 Z died and profits for the year
ending 31st March, 2014 were ` 2,40,000. How much
share in profits for the period 1st April to 30th June,
2013 will be credited to Z's account assuming the profit
occurred evenly throughout the year)
(C.P.T., 2010, June)
(a) ` 60,000
(b) ` 15,000
(c) ` 20,000
(d) 'kwU; (Nil)
Revaluation A/c...... ds le; rS;kj fd;k tkrk gS (Revaluation
Account is prepared at the time of.......)
(a) u, lk>snkj ds os'k (Admission of a partner)
(b) fdlh lk>snkj ds vodk'k&xzg.k (Retirement of a partner)
(c) fdlh lk>snkj dh e`R;q (Death of a partner)
(d) mi;qZDr lHkh (All of the above)
section 37 of the Indian Partnership Act, 1932, the

executors would be entitled at their choice to interest
calculated from the date of death till the date of payment on the final amount due to the deceased partner
at....... percent per annum)
(a) 7
(b) 4
(c) 6
(d) 8
17. X, Y rFkk Z lk>snkj gSa tks ykHk&gkfu 2 : 1 : 1 esa ckVrs gSaA QeZ ds ikl
` 1,20,000 dh ,d la;qDr chek ikfylh gS rFkk fpV~Bs esa ;g ` 20,000
ds leiZ.k ewY; ij fn[kkbZ tk jgh gSA X dh e`R;q ij bl JLP dks dSls
lk>snkjksa esa ckVk tk;sxkA (X, Y and Z are the partners sharing profits in the ratio 2 : 1 : 1. Firm has a joint life
policy by ` 1,20,000 and in the balance sheet it is appearing at the surrender value, i.e., ` 20,000. On the
death of X how this JLP will be distributed among
partners)
(a) 50,000 : 25,000 : 25,000
(b) 60,000 : 30,000 : 30,000
(c) 40,000 : 35,000 : 25,000
(d) lEiw.kZ ` 1,20,000 A dks (whole ` 1,20,000 to A)
18. ;fn rhu lk>snkj A, B rFkk C 5 : 3 : 2 esa ykHk ckV jgs gSa rks lk>snkj A
dh e`R;q ij [;kfr ds uke ij A ds mkjkf/kdkjh dks B vkSj C fdruh
jkf'k pqdk;saxsA [;kfr dk ewY;kadu 3 o"kZ ds vkSlr ykHk ds nqxus ij
fd;k tkrk gSA foxr rhu o"kks ds dqy ykHk ` 10,80,000 gSA (If three
partners A, B & C are sharing profits as 5 : 3 : 2, then
on the death of a partner A, how much B & C will pay
to A's executor on account of goodwill. Goodwill is to
be calculated on the basis of 2 years purchase of last 3
years average profits. Total Profits for the last three
years are ` 10,80,000)
(a) ` 2,16,000 rFkk ` 1,42,000
(b) ` 2,44,000 rFkk ` 2,16,000
(c) ` 3,60,000 rFkk ` 3,60,000
(d) ` 2,16,000 rFkk ` 1,44,000
19. fdlh lk>snkj dh e`R;q ij mlds mkjkf/kdkjh dks lEc vof/k ds fy,
e`r lk>snkj ds ykHk dk Hkkx pqdk;k tkrk gSA bl Hkqxrku dk ys[kk

Profit and Loss.......A/c esa fd;k tkrk gSA (On death of a
partner, his executor is paid the profits of the deceased
partner for the relevant period. This payment is recorded in Profit & Loss........ A/c)
(a) lek;kstu (Adjustment) (b) fofu;kstu (Appropriation)
(c) la'k;@mpUr (Suspense) (d) lap; (Reserve)
20.
,d lk>snkj dh e`R;q osG le; ij QeZ lHkh lk>snkjksa osG fy, yh xbZ
la;qDr thou chek ikWfylh osG izfr chek dEiuh ls ------- ikrh gS (On
death of a partner, the firm gets ............ for joint life
policy taken for all partners)
(C.P.T., 2010, Dec.)
(a) ikWfylh jkf'k (Policy amount)
(b) leiZ.k ewY; (Surrender value)
(c) e`r lk>snkj dh ikWfylh jkf'k (Policy amount of deceased
partner)
(d) lHkh lk>snkjksa dk leiZ.k ewY; (Surrender value of all partners)
48
21. A, B rFkk C lk>snkj gSa tks ykHk&gkfu dks 3 : 2 : 1 osG vuqikr esa ckVrs
gSaA 1.3.2013 dks C dh e`R;q gks xbZA fiNys pkj o"kks osG fy, QeZ dk
vkSlr ykHk ` 72,000 gSA iqLrosaG 31 fnlEcj dks cUn dh tkrh gSaA e`R;q
dh frfFk rd C dk ykHk esa fgLlk gksxk (A, B and C are partners
sharing profits and losses in the ratio of 3 : 2 : 1. On
1.3.2013 C died. The average profits of the firm for
last four years were ` 72,000. Books are closed on 31st
December. C's share of profit till the date of his death
will be)
(b) ` 12,000
(a) ` 2,000
(d) ` 24,000
(c) ` 1,400
22. v] c vkSj l ykHk&gkfu dks 3 : 2 : 1 osG vuqikr esa ckVrs gq, lk>snkj gSaA
l dh e`R;q gks tkrh gS vkSj [;kfr dk ewY; ` 60,000 yxk;k tkrk gSA
e`r lk>snkj osG mkjkf/kdkjh dks [;kfr osG fufek ns; jkf'k gksxh (A, B
and C are partners sharing profits and losses in the
ratio of 3 : 2 : 1. C dies and goodwill of the firm is to
valued at ` 60,000. The amount payable to the
executor's of the deceased partner will be)
(a) ` 30,000
(b) ` 25,000
(c) ` 10,000
(d) ` 20,000
23. x, y rFkk z ykHk&gkfu dks 5 : 3 : 2 osG vuqikr esa ckVrs gq, lk>snkj gSaA
mUgksaus ` 60,000 dh ,d la;qDr thou ikWfylh yhA y dh e`R;q gksus ij
izR;sd lk>snkj dks pqdk;h tkus okyh jkf'k D;k gksxh\ (x, y and z are
the partners share profits and losses in the ratio of 5 :
3 : 2. They took a joint life policy of ` 60,000. On the
death of y what amount will be payable to each partner ?)
(a) x ` 94,000 and y ` 16,000
(b) x ` 28,000 and y ` 32,000
(c) x ` 30,000, y ` 18,000 and z ` 12,000
(d) x ` 24,000, y ` 16,000 and z ` 20,000
24. M, L rFkk A 9 : 4 : 3 osG vuqikr esa ykHkksa dks ckVrs gq, lk>snkj gSaA
mUgksaus ` 96,000 dh ,d&,d la;qDr thou ikWfylh ys j[kh gSA A dh
e`R;q gks tkrh gSA la;qDr thou ikWfylh osG jkf'k esa A dk fgLlk D;k gS\
(M, L and A are partners sharing profits in the ratio of
9 : 4 : 3. They have taken a joint life policy of ` 96,000.
A dies what is the share of A in the JLP amount ?)
(a) ` 18,000
(b) ` 24,000
(c) ` 54,000
(d) ` 20,000
[mkj % 1. (d), 2. (c) 3. (b), 4. (a), 5. (b), 6. (a), 7. (b), 8. (b),
9. (b), 10. (b), 11. (d), 12. (c), 13. (c), 14. (b), 15. (d),
16. (c), 17. (b), 18. (d), 19. (c) 20. (a), 21. (a), 22. (c),
23. (c), 24. (a)]
(a) xr o"kZ osG ykHk osG vk/kkj ijblesa xr o"kZ osG ykHk osG vk/kkj ij
pkyw o"kZ dh lEcfU/kr vof/k rd osG ykHkksa dk vuqeku yxkdj e`r lk>snkj osG
fgLls dh [;kfr fudkyh tkrh gSA
(b) vkSlr ykHk osG vk/kkj ijoqGN Kkr o"kks osG ykHkksa esa o"kks dh la[;k
ls Hkkx nsdj vkSlr ykHk fudky fy;k tkrk gSA fQj mlh osG vk/kkj ij e`r
lk>snkj osG ykHk esa fgLlk fudky fy;k tkrk gSA
(ii) fch osG vk/kkj ijblesa ykHk dh x.kuk vkuqikfrd fo; osG
vk/kkj ij dh tkrh gS rFkk e`r lk>snkj osG ykHk dh x.kuk lk>snkj dh e`R;q dh
frfFk rd osG fy;s fudkyh tkrh gSA
iz'u 2. e`rd lk>snkj dks ns; jkf'k dh x.kuk vki dSls djsaxs\
(How will you compute the amount due to a Deceased
Partner ?)
(B.S.E.B., 2014)
`
mkj
Opening Capital
Add : Share of goodwill
Share of profit upto date of death
Share of Reserve
Share of profit on Revaluation A/c
Share of J.L.P.
Share of matured value of individual policy of

Deceased Partner
Interest on Capital & Salary upto date

Less : Share of existing goodwill written off

"
Share of accumulated loss upto date

"
Share of loss on Revaluation A/c

"
Drawings upto date

"
Interest on Drawings upto date

iz'u 3. e`rd lk>snkj osG iwth [kkrk dk izk:i cukb,A (Prepare
a format of Deceased Partners Capital A/c.)
Dr.
Deceased Partners Capital A/c
Cr.
Particulars
To Goodwill A/c
(Existing goodwill)
To Drawings
To Interest on
Drawings
To P/L A/c (Loss)
To Revaluation A/c
(In case of loss)
To Deceased Partner's
Executor's A/c
(Bal. fig)

Particulars
By Balance b/d
By Gaining Partners
Capital A/c
(Goodwill)
By P/L Suspense A/c
By Reserve A/c
By Interest on
Capital A/c
By J.L.P. A/c
By Revaluation A/c
(In case of profit)

iz'u 4. eksnh] 'kkgh vkSj tks'kh ,d QeZ esa lk>snkj FksA 28 Qjojh]
12345678901234
2012 dks tks'kh dk fu/ku gks x;kA mlosG fgLls osG ykHk dh x.kuk xr
iz'u 1. ;fn fdlh lk>snkj dh e`R;q o"kZ osG nkSjku gks tkrh gS rks ,sls
lk>snkj osG fgLls dk ykHk dSls Kkr djsaxs\ (If a partner dies during
the year, how will you find out the share of profit of the
deceased partner ?)
mkjlk>snkj dh e`R;q dh frfFk rd QeZ osG ykHkksa esa ls fgLlk Kkr djus
dh fuEufyf[kr nks fof/k;k gSa
(i) le; osG vk/kkj ijbl fof/k esa ;g ekuk tkrk gS fd o"kZ osG izR;sd
ekg esa leku ykHk dek;k tkrk gSA bl vkkkj ykHk Kkr djus dh nks fof/k;k gSa
ys[kkadu o"kZ dh cUnh ls e`R;q osG iwoZ rhu o"kks osG vkSlr ykHk osG vk/kkj
ij gksrh gSA o"kZ 2009, 2010, 2011 osG ykHk e'k% ` 70,000,
` 80,000 vkSj 90,000 FksA (Modi, Shahi & Joshi were partners
in a firm. Joshi died on 28th February, 2012. Share of profit
from the closure of the last accounting year till death was
to be calculated on the basis of average of three completed
years of profits before death. Profits for 2009, 2010 & 2011
were ` 70,000, ` 80,000 and ` 90,000 respectively.)

49
e`R;q rd ykHk esa tks'kh dk fgLlk fudkysa vkSj blosG fy;s vko';d
2 eghuksa dk ykHk (1 tuojh] 2012 ls 28 Qjojh] 2012 rd)
tuZy osG ys[ks dhft,A (Calculate Joshi's share of profit till his
death and pass the necessary Journal entry for the same.)
= ` 80,000
Solution :
3 o"kks dk oqGy ykHk = ` 70,000 + 80,000 + 90,000 = ` 2,40,000

= ` 13,333.33

vr% tks'kh dh e`R;q rd tks'kh dk fgLlk

= 13,333.33
vkSlr ykHk =
= ` 4,444
= ` 80,000
Journal Entry
Date
Dr.
Particulars
Cr.
L.F. Amount
Amount
Profit & Loss Suspense A/c

To Joshis (Deceased) Capital A/c
Dr.
4,444
4,444
(Being profit credited to Joshis Capital A/c)
iz'u 5. pUnj] rkjk vkSj jfo ,d QeZ esa lk>snkj Fks vkSj ykHkksa dks
2 : 1 : 2 osG vuqikr esa foHkkftr djrs FksA 15.2.2013 dks pUnj dh e`R;q
gks xbZ vkSj rkjk vkSj jfo osG chp ykHk&foHkktu vuqikr 4 : 11 gks x;kA
pUnj dh e`R;q ij QeZ dh [;kfr dk ewY;kadu ` 1,80,000 ij fd;k
x;kA (Chander, Tara and Ravi were partners in a firm
sharing profits in the ratio 2 : 1 : 2. On 15.2.2013 Chander
died and the new profits-sharing ratio between Tara and
Ravi was 4 : 11. On Chander's death the goodwill of the
firm was valued at ` 1,80,000.)
for the treatment of goodwill on Chander's death without

opening Goodwill Account.)
Solution :
izkfIr vuqikr dh x.kuk % u;k vuqikr iqjkuk vuqikr
rkjk dk izkfIr vuqikr =
jfo dk izkfIr vuqikr =
izkfIr vuqikr = 1 : 5
izkfIr vuqikr dh x.kuk dhft, vkSj pUnj dh e`R;q ij fcuk [;kfr

[kkrk [kksys gq, [;kfr osG O;ogkj gsrq vko';d tuZy izfof"V nsaA
[;kfr dk ewY; = ` 1,80,000
(Calculate gaining ratio and give necessary Journal entry
esa pUnj dk fgLlk = 1,80,000

[;kfr

Journal Entry
Date
= ` 72,000
Dr.
Particulars
Cr.
L.F. Amount
`
Taras Capital A/c

Ravis Capital A/c
To Chanders Capital A/c
Dr.
Dr.
Amount
`
12,000
60,000
72,000
(Being continuing Partners Capital A/c debited with the share of goodwill of Chander
in gaining ratio)
iz'u 6. ^,l*] ^Vh* vkSj ^;w* ,d QeZ esa lk>snkj gSa vkSj 1 : 2 : 2 osG
vuqikr esa ykHkksa dk foHkktu djrs gSaA 15-2-2013 dks ^,l* dh e`R;q gks
xbZ vkSj ^Vh* ,oa ^;w* osG u;s ykHk&foHkktu dk vuqikr 3 : 2 FkkA ^,l*
dh e`R;q ij QeZ dh [;kfr dks ` 80,000 ij ewY;kafdr fd;k x;kA (S,
T and U are partners in a firm sharing profits in the ratio
of 1 : 2 : 2. On 15.2.2013 S died and the new profit-sharing
ratio of T and U was 3 : 2. On S's death the goodwill of the
firm was valued at ` 80,000.)
izkfIr vuqikr fudkysa vkSj ^,l* dh e`R;q ij fcuk [;kfr [kkrk [kksys
gq, [;kfr osG ys[kkadu gsrq vko';d tuZy izfof"V dhft,A (Calculate
death for the treatment of goodwill without opening Goodwill

Account.)
(CBSE, 2002)
Solution :
izkfIr vuqikr dh x.kuk

izkfIr vuqikr = u;k vuqikr iqjkuk vuqikr
T
dk izkfIr vuqikr =
; U dk izkfIr vuqikr =
[;kfr dk ewY; = ` 80,000, [;kfr esa S dk fgLlk = 80,000

= ` 16,000
the gaining ratio and pass necessary Journal entry on S's

Journal Entry
Date
=0
Dr.
Particulars
L.F. Amount
`
Ts Capital A/c
To Ss Capital A/c
(Being Ts Capital A/c debited with the share of goodwill of S in gaining ratio
Dr.
Cr.
Amount
`
16,000
16,000
50
iz'u 7. P, Q vkSj R fdlh QeZ esa 2 : 2 : 1 osG vuqikr esa ykHkksa dks
ckVrs gSaA Q dh e`R;q 15 ekpZ] 2013 dks gks xbZA lk>snkjksa dh chek jkf'k
vkSj leiZ.k ewY; gS (P, Q and R are partners in a firm sharing
profits in the ratio of 2 : 2 : 1. Q dies on 15th March, 2013.
The policy amount and surrender value of the partners
are) :
chek jkf'k
Qs Share in Policies = ` 1,25,000
leiZ.k ewY;
(Policy Amount) (Surrender Value)

`
P
Q
R
70,000
50,000
55,000
thou chek&i=ksa esa Q osG fgLls dh x.kuk
`
Solution : Total Amount realised from policies :
Amount of Qs Policy
70,000
Surrender Value of P's Policy
30,000
Surrender Value of R's Policy
25,000
1,25,000
30,000
30,000
25,000
dhft,A (Calculate
= ` 50,000.
12345678901234
iz'u 1. X, Y vkSj Z lk>snkj gSa tks fd ykHk&gkfu dks 5 : 3 : 2 osG

vuqikr esa foHkkftr djrs gSaA 31 fnlEcj] 2012 dks mudk fLFkfr
fooj.k fuEu Fkk (X, Y and Z were partners sharing profits and
losses in the ratio of 5 : 3 : 2 respectively. On 31st December, 2012 their Balance Sheet stood as under) :
Q's share out of the Life Policies.)

Balance Sheet
Liabilities
Amount
Assets
Amount
Sundry Creditors
Reserve Fund
Capital Accounts :
X
Y
Z
27,500
15,000
`
65,000
62,500
37,500
1,65,000
2,07,500
1 ebZ] 2013 dks Z dh e`R;q gks tkrh gSA fuEu ckrksa ij lgefr gksrh gS (Z
died on 1st May, 2013. It was agreed that) :
(a) [;kfr dh x.kuk xr pkj o"kks osG vkSlr ykHk osG 2 o"kZ ; osG
vk/kkj ij dh tk;sxhA ykHk bl izdkj Fks2009 ` 32,500, 2010
` 30,000, 2011 ` 40,000, ` 2012, ` 37,500. (Goodwill
be valued at 2 year's purchase of the average
profits of the last four years, which were2009
` 32,500, 2010 ` 30,000, 2011 ` 40,000 and 2012
` 37,500)
(b) e'khujh dk ewY;kadu ` 70,000; isVsUV ` 20,000 rFkk Hkou
Solution :
Date

Goodwill
Buildings
Patents
Machinery
Stock
Debtors
Cash at Bank
12,500
50,000
15,000
75,000
25,000
20,000
10,000
2,07,500
` 62,500 fd;k x;kA (Machinery be valued at ` 70,000,
Patents at ` 20,000, Buildings at ` 62,500.)

(c) o"kZ 2013 osG ykHkksa esa Z dk fgLlk Kkr djus osG fy;s] o"kZ 2012 osG
ykHkksa dks vk/kkj ekuk tk;sxkA (For the purpose of calculating Z's share in the profits of 2013, the profits of
2012 should be taken to have been earned on the
same scale as in 2012.)
mijksDr O;ogkjksa dk ys[kk djus osG fy;s vko';d jkstukepk izfof"V;k

rFkk Z dk iwth [kkrk cukb;sA (Give the necessary journal entries
to record the above transactions and Z's capital account.)
Journal
Cr.
Particulars
L.F. Amount
`
Reserve Fund A/c

To Xs Capital A/c
To Ys Capital A/c
To Zs Capital A/c
Dr.
Dr.
Amount
`
15,000
7,500
4,500
3,000
(Being reserve fund transferred to Partners Capital A/cs in their old ratio 5 : 3 : 2)
Revaluation A/c
To Machinery A/c
Dr.
5,000
5,000
(Being value of machinery decreased)
Patents A/c
Building A/c
To Revaluation A/c
(Being value of assets increased)
Dr.
Dr.
5,000
12,500
17,500
51
Revaluation A/c
To Xs Capital A/c
To Ys Capital A/c
To Zs Capital A/c
Dr.
12,500
6,250
3,750
2,500
(Being profit on revaluation transferred to Partners Capital A/cs in their old ratio 5 : 3 : 2)
Xs Capital A/c
Ys Capital A/c
Zs Capital A/c
To Goodwill A/c
Dr.
Dr.
Dr.
6,250
3,750
2,500
12,500
(Being existing goodwill written off)
Xs Capital A/c
Ys Capital A/c
To Zs Capital A/c
Dr.
Dr.
10,938
6,562
17,500
(Being Zs share of goodwill adjusted in gaining ratio)
Profit and Loss Suspense A/c

To Zs Capital A/c
Dr.
2,500
2,500
(Being Zs share of profit up to his death transferred to his capital A/c
Zs Capital A/c
To Zs Executors Loan A/c
Dr.
60,500
60,500
(Being amount payable to Z transferred to his Z's Executor Loan A/c
Dr.
Revaluation Account
Particulars
Amount
Cr.
Particulars
To Machinery A/c
To Capital A/cs
X
5/10
Y
3/10
Z
3/10
Dr.
5,000
`
6,250
3,750
2,500
Amount
`
By Patents A/c
By Buildings A/c
5,000
12,500
12,500
17,500
17,500
Zs Capital Account
Particulars
Amount
Cr.
Particulars
To Goodwill A/c
To Zs Executors Loan A/c
2,500
60,500
Amount
`
By Balance b/d
By Reserve Fund
By Revaluation A/c
By Xs Capital A/c
By Ys Capital A/c
By Profit and Loss Suspense A/c
63,000
37,500
3,000
2,500
10,938
6,562
2,500
63,000
iz'u 2. 31 ekpZ] 2013 dks vfuy] Hkkuw vkSj pUnw 5 : 3 : 2 osG vuqikr esa ykHk foHkkftr djrs gq, lk>snkj FksA mudk rqyu&i= fuEu izdkj Fkk
(Anil, Bhanu and Chandu were partners in a firm sharing profits in the ratio of 5 : 3 : 2 on March 31, 2013. Their Balance
Sheet was as under) :
nkf;Ro
jkf'k
ifjlEifk;k
jkf'k
(Liabilities)
(Amount)
(Assets)
(Amount)

11,000
6,000
Hkou (Buildings)
e'khujh (Machinery)
20,000
30,000
52
iwth [kkrs (Capitals A/cs) :

vfuy (Anil)
Hkkuw (Bhanu)
pUnw (Chandu)
30,000
25,000
15,000
70,000
87,000
jgfr;k (Stock)
isV.s V (Patents)
fofo/k nsunkj (Sundry Debtors)
jksdM+ (Cash)
10,000
11,000
8,000
8,000
87,000
1 vDVwcj] 2013 dks vfuy dh e`R;q gks xbZA 'ks"k lk>snkjksa vkSj mlosG mkjkf/kdkjh osG chp lgefr gqbZ fd (Anil died on October 1, 2013. It was
agreed between his executors and the remaining partners that) :
(a)
[;kfr dk ewY;kadu fiNys pkj o"kks osG vkSlr ykHk osG 2.5 o"kZ osG ; osG cjkcj gksxk tks fd gS (Goodwill to be valued at 2.5 year's
purchase of the average profits of the previous years which were) :
o"kZ 2009-10 (Year 2009-10)

` 13,000
o"kZ 2010-11 (Year 2010-11)
` 12,000
o"kZ 2011-12 (Year 2011-12)
` 20,000
o"kZ 2012-13 (Year 2012-13)
` 15,000
(b) isVs.V dk ewY;kadu ` 8,000, e'khujh dk ` 28,000 rFkk Hkou dk ` 25,000 gSA (Patents to be valued at ` 8,000; Machinery at
` 28,000 and Building at ` 25,000.)
(c)
o"kZ 2013-14 osG fy;s ykHk fiNys o"kZ dh leku nj ij mikftZr ekuk tk;sxkA (Profit for the year 2013-14 to be taken as having
accrued at the same rate as that of previous year.)
(d)
iwth ij 10% okf"kZd ls C;kt yxsxkA (Interest on capital be provided at 10% per annum.)
(e) vfuy dks ns; jkf'k osG vk/ks dk Hkqxrku rqjUr fd;k tk;sxkA (Half of the amount due to Anil be paid immediately.)
1 vDVwcj] 2013 dks iquewZY;kadu [kkrk] vfuy dk iwth [kkrk rFkk vfuy osG mkjkf/kdkjh dk [kkrk rS;kj dhft,A (Prepare Revaluation
Account, Anils Capital Account and Anil's Executor's Account as on October 1, 2013.)
(NCERT)
Solution :
In the Books of Bhanu and Chandu
Revaluation Account
Dr.
Particulars
Amount
Cr.
Particulars
Amount
To Patents
To Machinery
3,000
2,000
5,000
Dr.
By Buildings
5,000
5,000
Anils Capital Account
Date
Particulars
2013
Oct. 1
To Anils Executors A/c
L.F. Amount
`
57,000
57,000
Date
2013
Oct. 1
Cr.
Particulars
L.F.
Amount
`
By Balance b/d
By Reserve Fund
By Bhanus Capital A/c
By Chandus Capital A/c
By Profit and Loss Suspense
A/c
By Interest on Capital A/c
30,000
3,000
11,250
7,500
3,750
1,500
57,000
lk>snkjh QeZ dk fo?kVu

Dr.
53
Anils Executors Account
Date
Particulars
2013
Oct. 1
L.F. Amount
`
To Bank A/c
To Balance c/d
28,500
28,500
57,000
Date
2013
Oct. 1
Cr.
Particulars
L.F.
Amount
`
By Anils Capital A/c
57,000
57,000
Working Notes :
(a)
Calculation of Goodwill of the Firm :

Average Profit of 4 years =
(b)
` + + +

=
= ` 15,000

Value of Goodwill of the Firm = ` 15,000 2.5 = ` 37,500
Calculation of Share of Anil in Goodwill of the Firm :
Anil's Share in Total Goodwill =

= ` 18,750

Share of Bhanu in Anil's Goodwill =
= ` 11,250
Share of Chandu in Anil's Goodwill =
= ` 7,500

lkksnkjh QeZ dk fo?kVu
[DISSOLUTION OF A PARTNERSHIP FIRM]

3.

123456789012345678
123456789012345678

1. QeZ osG fo?kVu osG le; lk>snkjksa osG iwth [kkrksa dh sfMV ckdh dk
Hkqxrku fd;k tkrk gS (Payment of credit balance of Partners Capital Account at the time of dissolution of a
firm is made to) :
(B.S.E.B., 2010)
(a) lk>snkjksa dks (Partners)
(b) QeZ dks (Firm)
(c) iRuh dks (Wife)
2. QeZ osG fo?kVu ij lk>snkj osG .k [kkrs dks gLrkUrfjr fd;k tkrk gS
(On dissolution of a firm Partners Loan A/c is transferred to) :
(b) lk>snkjksa osG iwth [kkrs esa (Partners Capital A/c)
(c) buesa ls fdlh esa Hkh ug (None of these)
QeZ osG fo?kVu osG le; lEifk;ksa dk iqLrdh; ewY; olwyh [kkrs osG fdl
i{k esa fy[kk tkrk gS\ (At the time of dissolution of firm
book value of assets is recorded in which side of the

Realisation Account ?)
(a) MsfcV i{k (Debit Side)
(b) sfMV i{k (Credit Side)
(c) nkf;Ro i{k (Liabilities Side)
4. lekiu O;;ksa dks olwyh [kkrs osG fdl i{k esa fy[kk tkrk gS (Realisation
expenses are recorded in which side of Realisation A/c) :
(a) nkf;Ro (Liabilities)
(b) lEifk (Assets)
(c) MsfcV (Debit)
(d) sfMV (Credit)
5. olwyh [kkrk gS (Realisation Account is a) :
(B.S.E.B., 2012, 13)
(a) O;fDrxr [kkrk (Personal A/c)
(b) ukeek= [kkrk (Nominal A/c)
(c) okLrfod [kkrk (Real A/c)
6. QeZ osG fo?kVu ij lk>snkjksa osG iwth [kkrs cUn fd;s tkrs g (On dissolution of the firm, Partners Capital Accounts are closed
through) :
(a) olwyh [kkrs osG ek/;e ls (Realisation Account)
54

(b) vkgj.k [kkrs osG ek/;e ls (Drawings Account)
(c) cd [kkrs osG ek/;e ls (Bank Account)
(d) .k [kkrs osG ek/;e ls (Loan Account)
7.
14.
tc xSj&vfHkysf[kr ifjlEifk lk>snkj }kjk yh tkrh gS rks mls n'kkZ;saxs
(Unrecorded assets when taken over by a partner are

shown in) :
(a) olwyh [kkrs osG uke i{k esa (Debit side of Realisation A/c)
(b) cd [kkrs osG uke i{k esa (Debit side of Bank A/c)
(c) olwyh [kkrs osG tek i{k esa (Credit side of Realisation A/c)
(d) cd [kkrs osG tek i{k esa (Credit side of Bank A/c)
8. QeZ osG lekiu ij gksus okys O;; dks dgrs gSa (Expenses on dissolution of firm is called) :
(B.S.E.B., 2013)
(a) olwyh O;; (Realisation Expenses)
(b) dkuwuh O;; (Legal Expenses)
(c) gkfuxr O;; (Loss Expenses)
9. ysunkj vkSj ns; foi= tSls nkf;Ro dks olwyh [kkrs esa gLrkUrfjr djus osG
i'pkr~ Hkqxrku osG lEcU/k esa lwpuk osG vHkko esa] ,sls nkf;Roksa dk
(After transferring liabilities like creditors and bills
payable in the Realisation Account in the absence of
any information regarding their payment, such liabilities are treated as) :
(a) Hkqxrku ug gksxk (Never Paid)
(b) iw.kZ Hkqxrku gksxk (Fully Paid)
(c) vkaf'kd Hkqxrku gksxk (Partly Paid)
10.
(c) cjkcj&cjkcj (Equally)

lEifk;ksa dk fo; ewY; (;k lEifk;ksa ls olwyh dks) fy[kk tkrk gS
(Amount realised from sale of assets is recorded in)

(C.B.S.E., 2009)
(a) olwyh [kkrs ds MsfcV i{k esa (Debit side of Realisation
Account)
(b) olwyh [kkrs ds sfMV i{k esa (Credit side of Realisation
Account)
(c) fpV~Bs ds nkf;Ro i{k esa (Liability side of Balance Sheet)
(d) fpV~Bs ds lEifk i{k esa (Assets side of Balance Sheet)
11. lk>snkjksa }kjk QeZ dk ,sfPNd lekiu fd;k tk ldrk gS (A firm can
be voluntarily dissolved by the partners)
(a) cgqer ds vk/kkj ij (On Majority basis)
(b) 3/4 lnL;ksa ds fu.kZ; ij (On 3/4 Member's decision)
(c) 1/2 lnL;ksa ds fu.kZ; ij (On 1/2 Member's decision)
12. QeZ ds fo?kVu ij vfyf[kr lEifk ds fo; ls izkIr jkf'k dks sfMV
fd;k tkrk gS (On dissolution of a firm, amount realised
from an unrecorded asset is credited to)
(a) lk>snkjksa ds iwth [kkrs esa (Partners' Capital Accounts)
(b) jksdM+ [kkrk esa (Cash Account)
(c) olwyh [kkrk esa (Realisation Account)
(d) iquewZY;kadu [kkrk esa (Revaluation Account)
13. olwyh [kkrs ds ykHk@gkfu dk cVokjk lk>snkjksa esa fd;k tkrk gS (Profit/
loss on Realisation Account is distributed among
partners)
(a) ykHk&foHkktu vuqikr esa (In Profit-sharing Ratio)
(b) iwth vuqikr esa (In Capital Ratio)
fuEu esa ls dkSu&lh lgh olwyh ykHk ;k gkfu gS ;fn lEifk;ksa dh fch ls
kIr jkf'k ` 50,000; dqy lEifk;k ` 60,000; dqy nkf;Ro ` 20,000
o olwyh ds [kpsZ ` 2,000 gks (Which of the following is correct
profit or loss in case the amount received from the
sale of assets is ` 50,000, total assets is ` 60,000, total
liabilities ` 20,000 and realisation expenses ` 2,000)
(a) ` 12,000 Loss
(b) ` 32,000 Profit
(d) ` 12,000 Profit
(c) ` 30,000 Loss
15.
fuEu esa ls QeZ dh dqy lEifk;k (jksdM+ dks NksMd

+ j) D;k gksaxh\
(What will be the total assets (except cash) of the firm

from the following)
;fn (if) ysunkj (Creditor) ` 15,000, lk>snkj dk .k (Partners
loan) ` 10,000, lk>snkjksa dh iwth (Partners capital) ` 40,000
rFkk gLrLFk jksdM+ (Cash in hand) ` 5,000A
(a) ` 60,000
(b) ` 65,000
(c) ` 70,000
(d) ` 55,000
16. ;fn QeZ dh dqy lEifk;k ` 3,25,000 gks ,oa dqy ck ysunkj
` 45,000 gks] rks lk>snkjksa dh iwth dh jkf'k gksxh (If the total assets
are ` 3,25,000 and the total outside liabilities ` 45,000
then the amount of all partners capital will be)
(b) ` 2,80,000
(a) ` 3,70,000
(c) ` 3,00,000
(d) bueas ls dksbZ ugha (None of these)
17. lk>snkj dk fnokfy;k gksuk fdl dkj ds lekiu osG vUrxZr vk,xk\
(Insolvancy of a partner will come under what type of
dissolution?)
(a) U;k;ky; }kjk lekiu (Dissolution by Court)
(b) vfuok;Z lekiu (Compulsory Dissolution)
(c) fdlh ?kVuk osG ?kVus dh fLFkfr esa (On happening of certain
contingencies)
(d) b vkSj c nksuksa (Both b and c)
18. QeZ osG lekiu ij lcls vUr esa dkSu&lk [kkrk cukuk pkfg,\ (On
firm's dissolution, which one of the following account
should be prepared at the last ?)
(a) olwyh [kkrk (Realisation Account)
(b) lk>snkjksa osG iwth [kkrs (Partner's Capital Accounts)
(c) jksdM+ [kkrk (Cash Account)
(d) lk>snkj dk .k [kkrk (Partner's Loan Account)
19. QeZ osG lekiu dh n'kk esa olwyh [kkrs dks MsfcV fd;k tkrk gS (On
dissolution of a firm, realisation account is debited
with)
(a) csph tkus okyh lHkh lEifk;ksa ls (All assets to be realised)
(b) QeZ osG lHkh ck nkf;Roksa ls (All outside liabilities of the
firm)
(c) lEifk;ksa osG fo; ls izkIr jkf'k ls (Cash received on sale of
assets)
(d) fdlh lk>snkj }kjk yh xbZ fdlh lEifk ls (Any asset taken
over by one of the partners)
20. QeZ osG lekiu dh n'kk esa lEifk;ksa osG fo; ls izkIr jkf'k ls loZizFke
-------- Hkqxrku fd;k tk,xk (On dissolution of a firm, out of
the proceeds received from the sale of assets ....... will
be paid first of all)
(a) lk>snkjksa dh iwth dk (Partner's Capital)

55
(b) lk>snkjksa }kjk QeZ dks fn, x, .k dk (Partner's Loan to 27. lk>snkj }kjk olwyh O;;ksa osG Hkqxrku dh ftEesnkjh ysus ij sfMV fd;k
tk,xk (On taking responsibility of payment of realisation
Firm)
expenses by a partner, the account credited will be)
(c) lk>snkj dh vfrfjDr iwth dk (Partner's additional capital)
(d) ckgjh ysunkjksa dk (Outside Creditors)
(b) jksdM+ [kkrk (Cash Account)
21. ,d lk>snkjh QeZ osG lekiu dh n'kk esa lafnX/k .k vk;kstu dk
(c) lk>snkj dk iwth [kkrk (Capital Account of the Partner)
gLrkUrj.k fd;k tkrk gS (In the event of dissolution of a
partnership firm, the provision for doubtful debts is
28. tc lk>snkj dh rjQ ls QeZ }kjk olwyh O;; dk Hkqxrku fd;k tkrk gS rks
transferred to)
,sls O;;ksa dks MsfcV fd;k tkrk gS (When realisation expenses
are paid by the firm on behalf of a partner, such
(b) lk>snkjksa osG iwth [kkrs (Partners Capital Account)
expenses are debited to)
(c) fofo/k nsunkj [kkrk (Sundry Debtors Account)
(a) olwyh [kkrs esa (Realisation Account)
(d) mi;qZDr dksbZ Hkh ugha (None of the above)
(b) lk>snkj osG iwth [kkrs esa (Partner's Capital Account)
22. lekiu dh n'kk esa Hkh ;fn dksbZ lk>snkj QeZ dk dksbZ nkf;Ro xzg.k djrk
(c) lk>snkj osG .k [kkrs esa (Partner's Loan Account)
gS rks ------------ MsfcV fd;k tkrk gS (On dissolution, if a partner
undertakes to make payment of a liability of the firm
29.
fuEu esa ls fdls olwyh [kkrs esa gLrkUrfjr fd;k tkrk gS\ (Which of
......... is debited)
the following is transferred to Realisation Account ?)
(a) jksdM+ [kkrs osG 'ks"k dks (Balance of Cash Account)
(b) ykHk&gkfu [kkrs osG 'ks"k dks (Balance of Profit & Loss
Account)
(c) lEifk;ksa osG fo; ls izkIr jkf'k dks (Amount realised on
sale of assets)
(d) lap;ksa dks (Reserves)
(a) ykHk&gkfu [kkrk (Profit & Loss Account)

(b) olwyh [kkrk (Realisation Account)
(c) lk>snkj dk iwth [kkrk (Partner's Capital Account)
(d) jksdM+ [kkrk (Cash Account)
23.
QeZ osG lekiu osG le; fps esa n'kkZ;k x;k lkekU; dks"k dk 'ks"k sfMV
fd;k tkrk gS (At the time of firm's dissolution, Balance of
General Reserve shown in the Balance Sheet is

credited to)
(b) ysunkjksa osG [kkrs esa (Creditor's Account)
(c) lk>snkjksa osG iwth [kkrs esa (Partner's Capital Account)
(d) ykHk&gkfu [kkrs esa (Profit & Loss Account)
24. lekiu ij [;kfr [kkrk gLrkUrfjr fd;k tkrk gS (On dissolution,
goodwill account is transferred to)
(a) lk>snkjksa osG iwth [kkrs esa (In the Capital Accounts of
Partners)
(b) jksdM+ [kkrs osG sfMV esa (In the credit of Cash Account)
(c) olwyh [kkrs osG MsfcV esa (In the Debit of Realisation
Account)
(d) olwyh [kkrs osG sfMV esa (In the Credit of Realisation
Account)
25. lk>snkjh QeZ osG lekiu osG le; f=e lEifk;ksa dks gLrkUrfjr fd;k
tkrk gS (At the time of dissolution of partnership firm,
fictitious assets are transferred to)
(a) lk>snkjksa osG iwth [kkrs esa (Capital Accounts of Partners)
(b) olwyh [kkrs esa (Realisation Account)
(c) jksdM+ [kkrs esa (Cash Account)
(d) lk>snkjksa osG .k [kkrs esa (Partners' Loan Account)
26. ,d QeZ osG lekiu osG le; ,d lk>snkj us ` 1,500 lekiu O;;ksa dk
Hkqxrku dj fn;kA dkSu&lk [kkrk MsfcV gksxk\ (On dissolution of a
firm, a partner paid ` 1,500 for firm's realisation
expenses. Which account will be debited ?)
(a) jksdM+ [kkrk (Cash Account)
(b) olwyh [kkrk (Realisation Account)
(d) ykHk&gkfu [kkrk (Profit & Loss A/c)
30.
QeZ osG lekiu ij olwyh [kkrs esa x.kuk dh dbZ gkfu dks fdl [kkrs esa
MsfcV@sfMV fd;k tkrk gS\ (On dissolution of firm, loss
calculated in realisation account is debited/credited to

which account ?)
(a) jksdM+ [kkrk (sfMV) [Cash Account (Credit)]
(b) lk>snkjksa osG iwth [kkrs (MsfcV) [Partners' Capital Accounts
(Debit)]
(c) lk>snkjksa osG iwt
h [kkrs (sfMV) [Partners' Capital Accounts
(Credit)]
(d) olwyh [kkrk (MsfcV) [Realisation Account (Debit)]
31. fuEu esa ls fdls olwyh [kkrs esa gLrkUrfjr ugha fd;k tkrk gS\ (Which
of the following is not transferred to Realisation
Account ?)
(a) jksdM+ [kkrs osG 'ks"k dks (Balance of Cash Account)
(b) lap;ksa osG 'ks"k dks (Balance of Reserves)
(c) ykHk&gkfu [kkrs osG 'ks"k dks (Balance of Profit & Loss
Account)
(d) mijksDr lHkh dks (All of the Above)
32. fdlh lk>snkj }kjk ` 20,000 osG nkf;Ro osG Hkqxrku dh ftEesnkjh ysus ij
sfMV fd;k tk,xk (On taking responsibility of payment of
a liability of ` 20,000 by a partner, the account credited
will be)
(b) jksdM+ [kkrk (Cash Account)
(d) nkf;Ro [kkrk (Liability Account)
33. fps esa fn[kkbZ xbZ jksdM+ ckdh dk lekiu osG le; fn[kk;k tkrk gS
(Cash balance shown in the Balance Sheet is shown
on dissolution of firm in)
56
(b)
(c)
(d)
jksdM+ [kkrs esa (Cash Account)

iwth [kkrs esa (Capital Account)
fdlh Hkh [kkrs esa ugha (None of the Account)
34. ,d vfyf[kr lEifk ` 12,000 dh Fkh ftls ,d lk>snkj us ` 10,500
esa fy;kA lk>snkj dk [kkrk --------- ls MsfcV fd;k tk,xk (There
was an Unrecorded asset of ` 12,000 which was taken
over by a partner at ` 10,500. Partner's Capital Account
will be debited by .......)
(b) ` 10,500
(a) ` 12,000
(c) ` 1,500
(d) ` 32,500
35. QeZ os G fo?kVu ij cS a d vf/kfod"kZ dks gLrkUrfjr djs a x s (On
dissolution of a firm, Bank overdraft is transferred
to)
(B.S.E.B., 2011)
(a) jksdM+ [kkrs esa (Cash Account)
(b) cSad [kkrs esa (Bank Account)
(c) olwyh [kkrs esa (Realisation Account)
(d) lk>snkj osG iwth [kkrs esa (Partner's Capital Account)
36. QeZ osG fo?kVu ij] lk>snkj osG .k [kkrs dks gLrkUrfjr djsaxs (On
dissolution of a firm, Partner's Loan Account is
transferred to)
(B.S.E.B., 2009)
mkj
vUrj dk vk/kkj
1. vFkZ
(b)
(c)
(d)
lk>snkj osG iwth [kkrs esa (Partner's Capital Account)

lk>snkj osG pkyw [kkrs esa (Partner's Current Account)
37. lafpr ykHk vkSj lap; dk gLrkUrj.k fd;k tk;sxk (The accumulated
profits and reserves are transferred to)
(a) olwyh [kkrs esa (Realisation Accounts)
(b) lk>snkj osG iwth [kkrs esa (Partner's Capital Accounts)
(c) cSad [kkrs esa (Bank Account)
[ mkj % 1. (a) ] 2. (c) ] 3. (a) ] 4. (c) ] 5. (b) ] 6. (c) ]
7. (c)] 8. (a)] 9. (b)] 10. (b), 11. (a)] 12. (c)] 13. (a)]
14. (a)] 15. (a)] 16. (b)] 17. (d)] 18. (c)] 19. (a)]
20. (d)] 21. (a)] 22. (b)] 23. (c)] 24. (c)] 25. (a)] 26. (b)]
27. (c)] 28. (b), 29. (c), 30. (b), 31. (d), 32. (c), 33. (b),
34. (b), 35. (b), 36. (d), 37. (b)]

(Non-Objective Type Questions )
1234567890123
1234567890123
iz'u 1. lk>snkjh osG lekiu vkSj QeZ osG lekiu esa vUrj crkb,A
(Distinguish between Dissolution of Partnership and
Dissolution of Firm.)
(B.S.E.B., 2014)
lk>snkjh osG lekiu vkSj QeZ osG lekiu esa vUrj

lk>snkjh dk lekiu
bldk vk'k; lk>snkjksa osG orZeku le>kSrk esa ifjorZu gSA
QeZ dk lekiu
bldk vk'k; QeZ osG lHkh lk>snkjksa osG chp lk>snkjh lekIr
gksuk gSA
bl fLFkfr esa QeZ dk O;olk; cUn gks tkrk gSA
2.
O;olk; dk pkyw ;k bl fLFkfr esa QeZ dk O;olk; pkyw jgrk gSA

cUn jguk
3. ys[kk iqLrosaG
blesa ys[kk iqLrosaG cUn djuk vko';d ug gSA
4. izHkko
lk>snkjh osG lekiu ls QeZ dk lekiu ug gksrk gSA
5. izfr
bldh izfr ,sfPNd gksrh gSA
blesa ys[kk iqLrosaG cUn djuk vko';d gks tkrk gSA

QeZ osG lekiu ls lk>snkjh dk fuf'pr :i ls lekiu gks tkrk gSA
bldh izfr ,sfPNd ;k vfuok;Z oqGN Hkh gks ldrh gSA
iz'u 2. QeZ osG fo?kVu ij [kkrksa osG fuiVkjk dh izf;k crkb,A
(ii) lEifk;ksa dk forj.klEifk;ksa oGh fo; jkf'k ls loZizFke rhljs
(State the process of settlement of Accounts on dissolution.)
i{k osG .kksa dk Hkqxrku fd;k tkrk gS] fQj lk>snkjksa osG .kksa dk Hkqxrku fd;k
tkrk gS] mlosG ckn lk>snkjksa osG iwth [kkrksa osG 'ks"kksa dk Hkqxrku fd;k tkrk gS]
vkSj vUr esa ;fn jde cph gksrh gS rks lHkh lk>snkjksa esa muosG ykHk foHkktu osG
vuqikr esa forfjr dj fn;k tkrk gSA
iz'u 3. iquewZY;kadu [kkrk ,oa olwyh [kkrk esa vUrj crkb,A
mkjlk>snkjh QeZ osG lekiu ij [kkrksa osG fuiVkjk osG fy;s Hkkjrh;
lk>snkjh vf/kfu;e] 1932 dh /kkjk, 48, 49 vkSj 55 ykxw gksrh gSa] tks bl
izdkj gSa
(i) gkfu;ksa dk Hkqxrkugkfu;ksa dks lcls igys ykHkksa ls Hkqxrku fd;k
tk;sxk] fQj iwth esa ls] vkSj vko';drk iM+us ij vUr esa lk>snkjksa ls ykHk (Distinguish between Revaluation Account and Realisation
Account.)
foHkktu vuqikr esa /ku olwy djosG gkfu;ksa dk Hkqxrku fd;k tk;sxkA
mkj
iquewZY;kadu [kkrk ,oa olwyh [kkrk esas vUrj
vUrj dk vk/kkj
1. cukus dk le;
iquewZY;kadu [kkrk
iquewZY;kadu [kkrk QeZ esa u;s lk>snkj osG izos'k osG le;]
vodk'k xzg.k ;k e`R;q osG le; cuk;k tkrk gSA
2. ms';
bldk ms'; lEifk;ksa vkSj nkf;Roksa osG iquewZY;kadu oGj ykHk
;k gkfu dks Kkr djuk gSA
3. lEifk;ksa vkSj nkf;Roksa blesa lEifk;ksa vkSj nkf;Roksa osG ewY; osG deh ;k o`f dks
osG ewY;
fn[kk;k tkrk gSA
4. cukus dh la[;k
QeZ osG thou dky esa bl [kkrs dks vusd ckj cukuk iM+
ldrk gSA
olwyh [kkrk
olwyh [kkrk QeZ osG fo?kVu osG le; cuk;k tkrk gSA
bldk ms'; lEifk;ksa dh fch ,oa nkf;Roksa osG Hkqxrku osG ckn
ykHk&gkfu Kkr djuk gSA
bl [kkrs esa lEifk;ksa vkSj nkf;Roksa dks iqLrdh; ewY; ij fn[kk;k
tkrk gSA
QeZ osG thou dky esa ;g [kkrk ,d ckj gh cuk;k tkrk gSA

57
(iii) lEifk;k ;k rks udn csph tk;saxh ;k fdlh lk>snkj }kjk yh tk;sxh
iz'u 4. lk>snkjh QeZ osG fo?kVu osG lEcU/k esa N% lqugjs fu;e ;k
;k
vifyf[kr
dh tk;saxhA
ys[kkadu rduhd D;k gSa\ (What are the six golden rules or
(iv)
ys
u
nkjks
a lfgr vU; nkf;Roksa dk ;k rks udn Hkqxrku gksxk ;k fdlh
accounting techniques regarding the dissolution of a
lk>s
n
kj
}kjk
fy;k
tk;sxkA ;fn Hkqxrku osG lEcU/k esa cs dh ppkZ ugha gS rks
partnership firm ?)
iq
L
rdh;
ew
Y
;
Hkq
x
rku
gksxkA
mkj(i) ;fn fo?kVu dh frfFk ij vkfFkZd fpk ugha fn;k x;k gks rks
(v) izR;sd lk>snkj dk iwth [kkrk [kksydj ns; jkf'k dk Hkqxrku fd;k
miyC/k enksa ls vkfFkZd fpk rS;kj dj ysuk pkfg;sA
tk;sxkA
(ii) vkfFkZd fpk osG enksa dk ys[kk fdlh ,d LFkku ij gksxk] tcfd
(vi) vUr esa jksdM+ ;k cSad [kkrk [kksyk tk;sxk ftlosG nksuksa i{kksa dk ;ksx
vfrfjDr enksa dk ys[kk nks LFkkuksa ij fd;k tk;sxkA
cjkcj gksxkA
iz'u 5. QeZ dk .k vkSj lk>snkjksa osG .k esa vUrj crkb,A (Distinguish between Firm's Debts and Partner's Debts.)
mkj
QeZ osG .k vkSj lk>snkjksa osG .k esa vUrj
vUrj dk vk/kkj
1.
vFkZ
2. lk>snkj dk nkf;Ro
3.
Hkqxrku
4.
futh lEifk dk
iz;ksx
QeZ dk .k
lk>snkjksa dk .k
bldk vk'k; QeZ }kjk ckgjh O;fDr;ksa ls fy;k x;k .k gSA

QeZ osG .k osG fy, lk>snkj dk nkf;Ro i`Fko~G vkSj la;qDr
nksuksa gksrk gSA
QeZ dh lEifk;ksa dk iz;ksx igys QeZ osG .k osG Hkqxrku osG
fy, gksrk gSA
lk>snkjksa dh futh lEifk dk iz;ksx QeZ osG nkf;Roksa osG fy,
rHkh fd;k tkrk gS tc futh lEifk;k futh .k ls vf/kd gksA
bldk vk'k; lk>snkjksa }kjk O;fDrxr :i ls fy;k x;k .k gSA

;g O;fDrxr nkf;Ro gksrk gSA
QeZ dh lEifk;ksa dk iz;ksx rHkh fd;k tkrk gS tc QeZ osG nkf;Roksa
ls QeZ dh lEifk;ksa dh vf/kdrk gksA
lk>snkjksa dh futh lEifk;ksa dk iz;ksx futh .kksa osG Hkqxrku osG
fy, fd;k tkrk gSA
iz'u 6. QeZ osG fo?kVu ij fuEu osG fy;s tuZy izfof"V djsa (Journalise the following on dissolution of a firm) : (B.S.E.B., 2010)
(a) olwyh O;; ` 2,000 fn;k x;kA (Realisation expenses paid ` 2,000.)
(b) ` 2,000 osG olwyh O;; lk>snkj A }kjk pqdk;s x;s (Realisation expenses amounting to ` 2,000 paid by Partner A.)
Solution :
Date
Journal Entries
Dr.
Particulars
L.F. Amount
`
(a)
Realisation A/c
To Bank A/c
Dr.
Cr.
Amount
`
2,000
2,000
(Being realisation expenses paid by the firm)
(b)
Realisation A/c
To As Capital A/c
Dr.
2,000
2,000
(Being payment of dissolution expenses by A)
iz'u 7. fuEu ifjfLFkfr;ksa esa vki jf'e vkSj fcUnq osG olwyh O;;ksa dk
fdl izdkj ys[kk djsaxs\ (How will you deal with the realisation
(iii)
expenses of the firm of Rashmi and Bindu with following

cases ?)
(i) olwyh O;; dh jkf'k ` 1,00,000A (Realisation expenses
amount to ` 1,00,000.)
(ii) olwyh O;; dh jkf'k ` 30,000 dk Hkqxrku jf'e us fd;k gSA
(Realisation expenses amounting to ` 30,000 are
paid by Rashmi, a partner.)
fo?kVu dh izf;k dks iwjk djus osG fy;s jf'e us olwyh O;; dk
ogu fd;k gS ftlosG fy;s mls ikfjrksf"kd ` 70,000 fn;k tk;sxkA
jf'e }kjk okLrfod O;; ` 1,20,000 fd;k x;k FkkA
(Realisation expenses are to be borne by Rashmi
for which she will be paid ` 70,000 as remuneration for completing the dissolution process.
The actual expenses incurred by Rashmi were
` 1,20,000.)
(NCERT, B.S.E.B., 2011)
Solution :
Journal Entries
Date
Dr.
Particulars
L.F. Amount
`
(i)
Realisation A/c
To Bank A/c
(Being realisation expenses paid)
Dr.
Cr.
Amount
`
1,00,000
1,00,000
58
(ii)
Realisation A/c
To Rashmis Capital A/c
Dr.
30,000
30,000
(Being realisation expenses paid by Rashmi)
(iii)
Realisation A/c
To Rashmis Capital A/c
Dr.
70,000
70,000
(Being realisation expenses agreed to be paid by Rashmi)
iz'u 8. ,d QeZ osG fo?kVu ij fuEufyf[kr ysu&nsuksa osG fy;s D;k

tuZy izfof"V;k dh tk;saxh tcfd fofHkUu lEifk;ksa (jksdM+ dks NksM+dj)
,oa rhljs i{k dh ns;rkvksa dks olwyh [kkrk esa gLrkUrfjr fd;k tk pqdk
gS (What Journal entries would be passed for the following
transactions on the dissolution of a firm, after various assets
(other than cash) and third partys liabilities have been
transferred to Realisation Account) :
(i) lk>snkj A us 50% jgfr;s dks 25% dh dVkSrh ij fy;k (iqLrd
ewY; ` 20,000)A [A, a partner, took over 50% of the
stock at a discount of 25% (Book value of stock
` 20,000).]
Solution :
(ii)
'ks"k jgfr;s dks 10% dh gkfu ij cspk x;kA (Balance of stock

was sold at a loss of 10%.)
(iii)
QeZ osG ,d deZpkjh dks {kfriwfrZ osG fy;s ` 40,000 pqdk;k x;kA
(Compensation to an employee paid by the firm

amounted to ` 40,000.)
(iv) ` 5,000 dh ,d vfyf[kr lEifk Fkh ftls B us ` 4,000 ij
fy;kA (There was an unrecorded asset of ` 5,000
which was taken over by B, a partner at ` 4,000.)
(v) lk>snkj A us Jherh ^v* osG ` 5,000 osG .k dks Hkqxrku gsrq
fy;kA (A, a partner, undertook to pay Mrs. As loan
of ` 5,000.)
Journal Entries
Date
Dr.
Particulars
L.F. Amount
`
(i)
As Capital A/c
To Realisation A/c
Dr.
Cr.
Amount
`
7,500
7,500
(For stock taken over by A : book value ` 10,000 less 25%)
(ii)
Bank A/c
To Realisation A/c
Dr.
9,000
9,000
(For remaining stock was sold at a loss of 10%)
(iii)
Realisation A/c
To Bank A/c
Dr.
40,000
40,000
(For compensation paid to an employee)
(iv)
Bs Capital A/c
To Realisation A/c
Dr.
4,000
4,000
(For unrecorded asset taken over by B)
(v)
Realisation A/c
To As Capital A/c
Dr.
5,000
5,000
(For Mrs. As loan taken over by A)

1234567890123
iz'u 1. oSGls vkSj fdu n'kkvksa (ifjfLFkfr;ksa) esa QeZ dk fo?kVu

(lekiu) fd;k tk ldrk gS\ (How and in what circumstances
can a firm be dissolved ?)
(B.S.E.B., 2014)
mkj,d QeZ dk fo?kVu ;k lekiu fuEu n'kkvksa esa fdlh Hkh ,d fofk
}kjk fd;k tk ldrk gS %
(1) Bgjko ;k le>kSrs }kjk lekiu (Dissolution by Agreement)fdlh QeZ dks (i) lk>snkjksa dh lgefr ls] vFkok (ii) lk>snkjksa osG
chp fdlh Bgjko osG vuqlkj] fdlh Hkh le; lekIr fd;k tk ldrk gSA
[kkjk 42]
(2) vfuok;Z lekiu (Compulsory Dissolution)fuEufyf[kr
n'kkvksa esa ,d QeZ dh lekfIr vfuok;Z :i ls gks tkrh gS %
(i)
tc leLr lk>snkj vFkok ,d dks NksMd

+ j leLr lk>snkj fnokfy;k
?kksf"kr dj fn;s tk,A
[kkjk 41]
(ii) tc fdlh ?kVuk osG ?kfVr gksus ij QeZ dk O;kikj pykuk voSkkfud
gks tk,A
(3) lwpuk }kjk fo?kVu (Dissolution by Notice);fn lk>snkjh
^,sfPNd lk>snkjh* gks rks dksbZ Hkh lk>snkj vU; lk>snkjksa dks QeZ dk fo?kVu
djkus dh viuh bPNk dh fyf[kr lwpuk nsdj fo?kVu djok ldrk gSA
[kkjk 43]
(4) vkdfLed ?kVukvksa osG ?kfVr gksus ij (On Happening of
Contingencies) :
[kkjk 42]
(i) fdlh lk>snkj dh e`R;q gksus ij_
(ii) fdlh lk>snkj osG fnokfy;k gksus ij_
(iii) fdlh fuf'pr le; dh lekfIr ij_
(iv) fuf'pr dk;Z osG iwjk gksus ijA

(5) U;k;ky; }kjk lekfIr (Dissolution by the Court)fdlh
lk>snkj }kjk okn izLrqr djus ij vFkok eqdnek pyk, tkus ij U;k;ky;
fuEufyf[kr esa ls fdlh ,d osG vkkkj ij QeZ osG fo?kVu dk vkns'k ns ldrk gS %
[kkjk 44]
(i) lk>snkj osG ikxy gksus ij_
(ii) lk>snkj osG LFkk;h :i ls v;ksX; ?kksf"kr gksus ij_
(iii) lk>snkj osG nqjkpj.k osG vkkkj ij_
(iv) lk>snkj osG le>kSrk Hkax djus ij_
(v) fdlh lk>snkj osG Hkkx dk gLrkUrj.k gksus ij_
(vi) tc O;olk; esa fujUrj gkfu gks jgh gks_
(vii) tc dksbZ mfpr ,oa U;k;ksfpr vkkkj gksA
iz'u 2. lk>snkjh QeZ osG fo?kVu ij fglkc&fdrkc fuiVkus osG
lEcUk esa dkuwuh izkokkuksa dk mYys[k dhft,A (Explain the legal
provisions to settlement of books on dissolution of partnership firm.)
mkjHkkjrh; lk>snkjh vfkfu;e] 1932 dh kkjk 48, 49 ,oa 55 esa
QeZ osG fo?kVu ij fglkc&fdrkc osG fuiVkus osG lEcUk esa fuEu O;oLFkk dh
x;h gS %
(1) gkfu dk Hkqxrku (Payment of Losses), iwt
h dh deh lfgr %
(i) igys ykHk esa ls]
(ii) fQj iwth esa ls] vkSj
(iii) vUr esa] vko';drk iM+us ij] lk>snkjksa }kjk O;fDrxr :i ls vius
[kkjk 48(1)]
ykHk&gkfu osG vuqikr esa] pqdk;h tk,xhA
(2) lEifk;ksa dk fooj.k (Distribution of Assets)QeZ dh
lEifk;k] lk>snkjksa }kjk iwth dh deh (Deficiency of Capital) dh iwfrZ osG
fy, yk;h x;h jde lfgr] fuEu e esa iz;qDr gksaxh %
(i) rhljs i{kdkjksa osG izfr QeZ dh ns;rkvksa dk .kksa osG Hkqxrku esa]
(ii) lk>snkjksa dks muosG }kjk QeZ dks fn;s x;s .k ;k vfxze jkf'k osG
Hkqxrku esa]
(iii) 'ks"k vfk'ks"k (Balance or Surplus) ;k cph gqbZ jkf'k dk Hkqxrku
lHkh lk>snkjksa esa muosG ykHk&gkfu foHkktu osG vuqikr esaA
[kkjk 48(2)]
tgk QeZ osG .k gksa vkSj lk>snkjksa osG O;fDrxr .k Hkh vyx ls gksa] ,sls
.kksa osG fuiVkjs osG lEcUk esa fuEufyf[kr dkuwuh O;oLFkk gS % [kkjk 49]
(i) QeZ dh lEifk lcls igys QeZ osG .k osG pqdkus esa iz;qDr gksxh vkSj
;fn dksbZ lEifk cph gks rks blesa ls lk>snkjksa osG futh .kksa dk Hkqxrku fd;k
tk,xk vFkok futh .k u jgus ij lk>snkjksa esa ckVk tk,xkA
uksV % lk>snkjksa osG O;fDrxr .k dh vnk;xh vFkok lk>snkjksa osG chp cph
jkf'k dk cVokjk muosG ykHk&gkfu osG vuqikr esa fd;k tk,xkA
(ii) lk>snkjksa dh futh lEink (lEifk) (Private Estate or Private
Asset) dk mi;ksx loZizFke muosG O;fxr .kksa osG Hkqxrku esa fd;k tk,xkA
bu Hkqxrkuksa osG ckn Hkh ;fn budh lEifk cprh gS rks mls QeZ osG .k pqdkus
esa iz;ksx fd;k tk,xk] ijUrq ,slk rc gksxk tcfd QeZ osG nkf;Ro QeZ dh
lEifk;ksa ls vfkd gksaA
iz'u 3. QeZ osG lekiu ij ys[kkadu O;ogkj dh jkstukepk izfof"V;k
nhft,A (Give the Journal entries of accounting treatment
on dissolution of firm.)
mkjlk>snkjh QeZ osG fo?kVu ij ys[kkadu O;ogkj dh fuEu jkstukepk

izfof"V;k dh tkrh g %
(1) fofHkUu lEifk;ksa osG [kkrksa dks cUn djus osG fy, (For Closing
the Accounts of Various Assets)fps dh lHkh lEifk;ksa dks muosG
59
iqLrdh; ewY; ij (at Book Value) Realisation Account esa gLrkUrfjr

djsaxs
Realisation A/c
To Buildings A/c
To Plant and Machinery A/c
To Furniture and Fixtures A/c
To Investments A/c
To Debtors A/c
To Bills Receivable A/c
To Stock A/c
To Goodwill A/c
Dr.
(For transfer of sundry assets to Realisation A/c)
(2) fofHkUu nkf;Ro [kkrksa dks cUn djus osG fy, (For Closing
Accounts of Various Liabilities)rhljs i{kdkjksa (Third Parties)
ls lEcfU/kr vFkok ck nkf;Ro (Outside Liabilities) osG [kkrksa dks cUn
djus osG fy, muosG iqLrdh; ewY; (Book Value) ij Realisation A/c esa
gLrkUrfjr djsaxsA
tSls
Sundry Liabilities A/c
Sundry Creditors A/c
Bills Payable A/c
Bank Overdraft A/c
Loan A/c
Partners Wife Loan A/c
To Realisation A/c
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
(For various liabilities transferred to Realisation A/c)
(3) lEifk;ksa osG fo# izko/kku rFkk lafpfr dks Realisation A/c esa
gLrkUrfjr djus osG fy, (For Transfer of Provisions and
Reserves against Assets to Realisation A/c);fn iz'u esa bl
rjg dh ensa gksa

Reserve or Provision for Doubtful Debts A/c
Provision for Depreciation A/c
Investment Fluctuation Fund A/c
Joint Life Policy Fund A/c
To Realisation A/c
Dr.
Dr.
Dr.
Dr.
(For various specific reserves and funds transferred)
(4) lEifk;ksa dh fch ;k olwyh osG fy, (For Realising

Assets)lHkh lEifk;k] [;kfr lfgr csph tk;saxh
(i) tc udn fch gks (When sold for cash) :
Cash or Bank A/c
Dr.
To Realisation A/c
(For assets realised)
(ii) tc lk>snkj ;k lk>snkjksa osG }kjk lEifk;k yh tk;sa (When

assets are taken over by partner or partners) :
Partners Capital or Current A/c
Dr.
To Realisation A/c
(For taking over of assets by partner)
(5) nkf;Roksa dk udn esa Hkqxrku djus osG fy, (For Payment of
Liabilities in Cash)lEifk;ksa dh fch ls izkIr /ku esa ls rhljs ;k ck
i{kdkjksa dk Hkqxrku fd;k tkrk gSA

Realisation A/c
Dr. (with the actual amount)
To Cash or Bank A/c
(For payment of liabilities)
60
lk>snkj ;k lk>snkjksa osG }kjk nkf;Roksa dk Hkqxrku fd;s tkus

vFkok xzg.k fd;s tkus osG fy, (Payment of Liabilities by
Partners Loan A/c

To Bank A/c
Partners or Liability taken over or discharged by Partners)

Realisation A/c
Dr.
To Partners Capital A/cs
(For partners loan paid off)
(6)
(For taking over of liability by partner)
(7) olwyh ;k fo?kVu osG O;; osG fy, (For Expenses on Dissolution or Realisation or Cost of Dissolution) :
(d) ;fn fo?kVu osG O;; udn pqdk;s tk;sa

Realisation A/c
To Bank A/c
Dr.
(For payment of dissolution expenses)
([k) dHkh&dHkh lk>snkj }kjk lEifk;ksa dh olwyh osG fy, ,d fuf'pr

nj ls vFkok ,deq'r jde deh'ku osG :i esa nh tkrh gS rFkk ;g O;oLFkk dh
tkrh gS fd fo?kVu ;k olwyh osG leLr O;; (All Expenses of Realisation
or Dissolution) mu lk>snkjksa }kjk pqdk;s tk;saxs ftudks olwyh osG fy,
deh'ku fn;k tk;sxkA ,slh fLFkfr esa izfof"V fuEuor~ gksxh
Realisation (with the amount of Commission)
To Partners Capital/Current A/cs
Dr.
Dr.
(10) lafpfr@lafpr dks"k@vforfjr ykHk dks gLrkUrfjr djus osG

fy, (For Transfer of Free Reserves/ Reserve Fund/Undistributed Profits, etc.) :
Reserve A/c
Reserve Fund A/c
Profit and Loss A/c
Workmens Compensation Fund A/c
Dr.
Dr.
Dr.
Dr.
(For transfer of reserve and accumulated profits to Partners

Capital/Current A/cs)
(11) lafpr gkfu;ksa ;k vforfjr gkfu;ksa dks cUn djus osG fy, (For
Closing Accumulated Losses);fn vkfFkZd fps osG lEifk Hkkx esa
Profit & Loss A/c vFkok Undistributed Profit ;k Loss fy[kk gks
rks bls ykHk&gkfu osG vuqikr esa lk>snkjksa osG iwth [kkrs vFkok pkyw [kkrs esa
gLrkUrfjr fd;k tk;sxk
Partners Capital/Current A/cs
Dr.
(For transfer of undistributed loss)
(For Partners Capital/Current A/cs credited with commission)
(8) olwyh [kkrs dks cUn djus osG fy, (For Closing Realisation
Account)vc Realisation Account dks cUn fd;k tk;sxk rks
Realisation Account ls O;olk; osG fo?kVu ij gksus okyh gkfu ;k ykHk dk
irk pyrk gSA

(i) ;fn Realisation A/c osG oszGfMV (Credit) i{k dk ;ksx blosG MsfcV
(Debit) i{k osG ;ksx ls vf/kd gks rks vUrj dh jkf'k dks ykHk (Profit) ekuk
tk;sxkA Realisation A/c osG MsfcV i{k esa ;g jkf'k lHkh lk>snkjksa esa muosG
ykHk&gkfu osG vuqikr esa ckVdj fn[kk;h tk;sxhA izfof"V bl izdkj gksxh
olwyh ij ykHk dh n'kk esa (In Case of Profit on Realisation) %
Realisation A/c
Dr.
(For profit on realisation transferred to Partners Capital/Current

A/cs in profit sharing ratio)
(ii) ;fn Realisation A/c osG oszGfMV i{k dh rqyuk esa MsfcV i{k dk
;ksx vf/kd gks rks vUrj dh jkf'k dks gkfu le>k tk;sxkA bl gkfu dks lHkh
lk>snkjksa esa ykHk&gkfu osG vuqikr esa ckVsaxsA tuZy osG ys[ks bl izdkj djsaxs
olwyh ij gkfu dh n'kk esa (In Case of Loss on Realisation) %
Partners Capital/Current A/cs
To Realisation A/c
Dr.
(For loss on realisation transferred to Partners Capital/Current A/cs)
(9) lk>snkj osG .k dk Hkqxrku (For Payment of Partners

Loan);fn QeZ us lk>snkj ls .k fy;k gks rks mldk Hkqxrku fd;k tk;sxk
(12) lk>snkjksa osG iwth [kkrs dks cUn djus osG fy, (For Closing
Capital Accounts of Partners)vUr esa lk>snkjksa osG iwth [kkrs dks
cUn djsaxsA ;fn iwth [kkrs dk oszGfMV 'ks"k (Credit Balance) fudyrk gks
(vFkkZr~ Cr. Side dk oqGy ;ksx Dr. Side dk oqGy ;ksx) rks ml lk>snkj
dks QeZ udn pqdk;sxh vFkkZr~ lk>snkjksa dk udn Hkqxrku fd;k tk;sxk
tuZy osG ys[ks
(i) QeZ }kjk udn Hkqxrku fd;s tkus ij (In Case of Credit
Balance by firm) :
Partners Capital A/cs
To Bank A/c
Dr.
(For payment of the amount finally due to the partners)
blosG foijhr] ;fn iwth [kkrs dk MsfcV 'ks"k (Debit Balance) fudyrk
gks (vFkkZr~ Dr. Side Cr. Side) rks ,sls lk>snkj vius iwth [kkrs
osG MsfcV 'ks"k osG cjkcj udn yk;sxa ]s blh fLFkfr dks lk/kkj.k fo?kVu dgk tkrk gSA
(ii) udn ykus osG fy, (In Case of Debit Balance) :
Bank A/c
To Partners Capital A/cs
Dr.
(For amount brought in by partners to meet capital deficiency)
iz'u 4. X vkSj Y ykHk&gkfu dks 3 : 2 osG vuqikr esa foHkkftr djrs

gq, ,d lk>snkjh esa gSaA 31.1.2013 dks mudk fpk fuEu izdkj Fkk (X
and Y are in partnership sharing profits and losses in the
ratio of 3 : 2. Their Balance Sheet on 31st January, 2013
stood as follows) :
Balance Sheet
ns;rk,
jkf'k
lEifk;k
jkf'k
(Liabilities)
(Amount)
(Assets)
(Amount)

lap; (Reserve)
cd .k (Bank Loan)
528
500
1,000
jksdM+ (Cash)
nsunkj (Debtors)
jgfr;k (Stock)
363
1,960
875

iwth (Capitals) :
X
Y
fuos'k (Investment)
Hkou (Building)
6,000
2,000
61
2,080
4,750
8,000
10,028
10,028
blh frfFk dks mUgksaus QeZ dks lekIr djus dk fu'p; fd;kA fuos'k vkSj jksdM+ dks NksMd
+ j lEifk;ksa ls ` 6,900 olwy gq,A fuos'k dks Y us ` 2,200 osG
cktkj ewY; ij fy;k vkSj .k pqdkus osG fy;s Hkh lger gqvkA lekiu osG O;; ` 110 gq,A ysunkjksa dks iw.kZ HkqxrkuLo:i ` 503 fn;k x;kA lekiu ij mijksDr
osG fy;s tuZy izfof"V;k nsaA (They decided to dissolve the partnership on this date. The assets with the exception of the
investment and cash realised ` 6,900. The investment were taken over by Y at the market value of ` 2,200 who also
agreed to discharge the loan. The expenses of dissolution were ` 110. The creditors were paid ` 503 in full settlement.
Give Journal entries to record the above on dissolution.
Solution :
Journal Entries
Dr.
Cr.
Date
Particulars
L.F. Amount
`
Realisation A/c
To Debtors A/c
To Stock A/c
To Investment A/c
To Building A/c
Dr.
Amount
`
9,665
1,960
875
2,080
4,750
(For the various assets except cash transferred to Realisation A/c)
Creditors A/c
Bank Loan A/c
To Realisation A/c
Dr.
Dr.
528
1,000
1,528
(For the liabilities transferred to Realisation A/c)
Cash A/c
To Realisation A/c
Dr.
6,900
6,900
(For all assets except investment sold)
Ys Capital A/c
To Realisation A/c
Dr.
2,200
2,200
(For investment taken over by Y)
Realisation A/c
To Ys Capital A/c
Dr.
1,000
1,000
(For Bank loan discharged by Y)
Realisation A/c
To Cash A/c
Dr.
110
110
(For the expenses of realisation exp. paid)
Realisation A/c
To Cash A/c
Dr.
503
503
(For the payment made to creditors)
Xs Capital A/c
Ys Capital A/c
To Realisation A/c
Dr.
390
260
650
(For loss on realisation transferred to partners)
Reserve A/c
To Xs Capital A/c
To Ys Capital A/c
Dr.
500
300
200
(For Reserve shared by X and Y in their profit-sharing ratio)
Xs Capital A/c
Ys Capital A/c
To Cash A/c
(For cash paid to partners due to them)
Dr.
Dr.
5,910
740
6,650
62
iz'u 5. X ,oa Y lk>snkjh esa gSa tks 3/5 vkSj 2/5 osG vuqikr esa ykHk&gkfu ckVrs gSaA 31 ekpZ] 2013 dks mudk vkfFkZd fpk fuEukafdr Fkk (X and
Y are in partnership sharing profits and losses in proportion of 3/5 and 2/5. The following was their Balance Sheet as on
31st March, 2013) :
nkf;Ro
jkf'k
lEifk;k
jkf'k
(Liabilities)
(Amount)
(Assets)
(Amount)
ysunkj (Creditors)
lEHkkfor nkf;Roksa osG fy, lap; (Reserve for
2,640
Contingencies)
cd .k (Bank Loan)
iwth [kkrk (Capitals A/cs) :
X
Y
2,500
5,000
30,000
10,000
50,140
udn (Cash)
fofu;ksx (Investments)
nsunkj (Debtors)
jgfr;k (Stock)
hgksYM Hkou (Freehold Building)
QuhZpj (Furniture)
1,815
10,400
9,800
4,375
22,500
1,250
50,140
mUgksaus bl frfFk dks lk>snkjh [kRe djus dk fu.kZ; fd;k ,oa udn rFkk fofu;ksx dks NksMd
+ j lEifk;ksa dks ` 34,500 esa csp fn;kA fofu;ksx] ftldk cktkj
ewY; vkfFkZd fps dh frfFk ij ` 11,000 Fkk] Y us blh ewY; ij ys fy;k ,oa og cSad .k dks pqdkus osG fy;s Hkh rS;kj gks x;kA lekiu O;; ` 550 gq,A ysunkjksa
dks ` 2,515 iw.kZ Hkqxrku esa pqdk;k x;kA (They decided to dissolve partnership on this date and the assets, with the exception of
the investments and cash, were sold for ` 34,500. The investments, the market value of which at the date of the Balance
Sheet was ` 11,000, were taken over at that amount by Y; who also agreed to discharge the Bank loan. The expenses of
winding-up were ` 550, the creditors were paid ` 2,515 in full settlement.)
olwyh [kkrk] jksdM+ [kkrk ,oa lk>snkjksa osG iwth [kkrs cukb;sA (You are required to prepare the Realisation A/c, Cash A/c and
Partners Capital A/cs.)
(U.S.E.B. & B.S.E.B., 2009)
Solution :
Dr.
Realisation Account
Cr.
Particulars
Amount
Particulars
Amount
To Investments
To Debtors
To Stock
To Freehold Building
To Furniture
To Ys Capital A/c (Bank Loan)
To Cash A/c (Creditors)
To Cash A/c (Expenses)
Dr.
10,400
9,800
4,375
22,500
1,250
5,000
2,515
550
56,390
By Creditors
By Bank Loan
By Cash (Assets Realised)
By Ys Capital A/c (Investment)
By Loss transferred to :
Xs Capital A/c
Ys Capital A/c
2,640
5,000
34,500
11,000
`
1,950
1,300
3,250
56,390
Xs Capital Account
Particulars
Amount
Cr.
Particulars
To Realisation A/c (Loss)

To Cash A/c
Dr.
1,950
29,550
31,500
Amount
`
By Balance b/d
By Reserve for Contingencies
30,000
1,500
31,500
Ys Capital Account
Particulars
Amount
Cr.
Particulars
To Realisation A/c (Investment)

To Cash A/c
11,000
1,300
3,700
16,000
Amount
`
By Balance b/d
By Reserve for Contingencies
By Realisation A/c (Bank Loan)
10,000
1,000
5,000
16,000

Dr.
63
Cash Account
Particulars
Amount
Cr.
Particulars
Amount
To Balance b/d
To Realisation A/c
1,815
34,500
By Realisation A/c (Creditors)

By Realisation A/c (Expenses)
By Xs Capital A/c
By Ys Capital A/c
2,515
550
29,550
3,700
36,315
36,315
iz'u 6. ^v*] ^c* vkSj ^l* lk>snkj gSa tks ykHk&gkfu dks cjkcj&cjkcj ckVrs gSaA mUgksaus 30 flrEcj] 2013 dks QeZ dks fo?kfVr fd;k ftl rkjh[k
dks mudh fLFkfr fuEuor~ Fkh (A, B and C are partners sharing profits and losses equally. They dissolved the firm on 30th
September, 2013 on which date their position was as under) :
vkfFkZd fpk (30 flrEcj] 2013 dks)
Balance Sheet (as on 30th September, 2013)
nkf;Ro
jkf'k
lEifk;k
jkf'k
(Liabilities)
(Amount)
(Assets)
(Amount)
iwth [kkrk (Capital A/cs) :

v (A)
c (B)
l (C)
ysunkj (Creditors)
vpy lEifk;k (Fixed Assets)

pkyw lEifk;k (Current Assets)
cd esa jksdM+ (Cash at Bank)
30,000
30,000
30,000
1,00,000
40,000
10,000
90,000
60,000
1,50,000
1,50,000

lHkh lEifk;ksa ls iqLrdh; ewY; ls 10% de izkIr gq,A ysunkjksa dks iw.kZ Hkqx
rku dj fn;k x;k] olwyh osG O;; ` 500 gq, rFkk ,d lEHkkO; nkf;Ro ftlosG
fy, izko/kku ugha fd;k x;k Fkk] ` 500 pqdk;k x;kA (All the assets realised 10% less than book value. Creditors were paid in full.
Expenses of realisation amounted to ` 500 and a contingent liability for which no provision was made paid at ` 500.)
vko';d [kkrs cukb;sA (Prepare necessary Accounts.)
(B.S.E.B., 2014 amended; U.S.E.B., 2011)
Solution :
Dr.
Realisation Account
Cr.
Particulars
Amount
Particulars
Amount
To Fixed Assets
To Current Assets
To Bank A/c (Creditors paid)
To Bank A/c (Unrecorded Liab.)
To Bank A/c (Expenses)
1,00,000
40,000
60,000
5001
500
By Creditors
By Bank A/c (Assets Realised)
By Loss transferred to Capital A/cs :
A
B
C
60,000
1,26,0002
`
5,000
5,000
5,000
2,01,000
Working Notes :
1. Payment of Contingent Liability ` 500.
2. Assets Realised :
(i)
(ii) Current Assets : 40,000
36,000
Fixed Assets : 1,00,000
15,000
2,01,000
1,26,000
90,000
Dr.

Particulars
To Realisation A/c
(Loss)
To Bank A/c
Particulars
5,000
25,000
30,000
5,000
25,000
30,000
A
`
By Balance b/d
5,000
25,000
30,000
Cr.
B
`
C
`
30,000
30,000
30,000
30,000
30,000
30,000
64
Dr.
Bank Account
Particulars
Cr.
Amount
Particulars
Amount
By Realisation A/c (Creditors)

By Realisation A/c (Contingent Liabilities)
By Realisation A/c (Expenses)
By As Capital A/c
By Bs Capital A/c
By Cs Capital A/c
60,000
500
500
25,000
25,000
25,000
1,36,000
To Balance b/d
To Realisation A/c
10,000
1,26,000
1,36,000
iz'u 7. A, B vkSj C us] tks 3 : 2 : 1 osG vuqikr esa ykHkksa dk foHkktu djrs Fks] 31 fnlEcj] 2012 dks viuh lk>snkjh osG fo?kVu dk fu.kZ;
fy;kA ftl fnu mudk vkfFkZd fpk fuEuor~ Fkk (A, B and C who shared profits in the ratio of 3 : 2 : 1 agreed upon the dissolution
of their partnership on 31st December, 2012 on which date their Balance Sheet was as under) :
ns;rk,
jkf'k
ifjlEifk;k
jkf'k
(Liabilities)
(Amount)
(Assets)
(Amount)
iwth [kkrk (Capital A/cs) :

A
B
Jherh A dk .k (Mrs. As Loan)
ysunkj (Creditors)
la;qDr thou ikWfylh dks"k (Joint Life Policy Fund)
fuos'k mPpkopu dks"k (Investment Fluctuation
Fund)
50,000
10,000
8,000
20,500
14,000
40,000
8,000
20,000
14,000
9,000
6,000
11,500
6,000
1,08,500
fuEufyf[kr ysu&nsu gq, (Following transactions took place) :

(i) la;qDr thou ikWfylh dks ` 15,000 osG fy, vH;fiZr fd;k
x;kA (The Joint Life Policy was surrendered for
` 15,000.)
(ii) A us fuos'k dks ` 17,500 esa
fy;kA og viuh iRuh osG .k dk

Hkqxrku djus gsrq Hkh rS;kj gqvkA (The investments were
taken over by A for ` 17,500. He also agreed to

discharge his wife's loan.)
(iii) B us jgfr;k dks ` 7,500 esa vkSj ` 5,000 osG nsunkjksa dks ` 4,000
esa fy;kA (B took over the stock at ` 7,500 and Debtors
amounting to ` 5,000 at ` 4,000.)
(iv) e'khu ls ` 50,000 dh olwyh gqbZ vkSj 'ks"k nsunkjksa ls iqLrd ewY;
Solution :
Dr.
e'khujh (Machinery)
jgfr;k (Stock)
fuos'k (Investments)
la;qDr thou ikWfylh (Joint Life Policy)
nsunkj (Debtors)
cdLFk jksdM+ (Cash at Bank)
C dk iwth [kkrk (Cs Capital A/c)
1,08,500
dk 50% izkIr gqvkA (Machinery realised ` 50,000 and

the remaining Debtors realised 50% of the book
value.)
(v) olwyh O;; ` 1,000 gq, (The expenses of realisation
amounted to ` 1,000.)
(vi) ` 3,000 osG fofu;ksx tks iqLrdksa esa ugha fn;s x;s Fks] mlh ewY; ij
olwy gq,A (Investments worth ` 3,000 were not
recorded in the books and realised at the same
price.)
QeZ dh iqLrdksa dks cUn djus gsrq vko';d [kkrs cukb;sA (Prepare
necessary Accounts to close the books of the firm)
(C.B.S.E., 2003)
Realisation Account
Particulars
Amount
Cr.
Particulars
Amount
To Machinery
To Stock
To Investments
To Joint Life Policy
To Debtors
To As Capital A/c (Wifes Loan)
To Bank A/c (Expenses)
To Bank A/c (Creditors)
40,000
8,000
20,000
14,000
9,000
8,000
1,000
20,500
By Mrs. As Loan
By Creditors
By Joint Life Policy Fund
By Bank A/c :
Joint Life Policy
Machinery
Debtors1
Investment
8,000
20,500
14,000
`
15,000
50,000
2,000
3,000
70,000

To Profit transferred to Capital A/cs :
`
A
10,500
B
7,000
C
3,500
21,000
1,41,500
65
By As Capital A/c (Investment)

By Bs Capital A/c :
Stock
Debtors
17,500
7,500
4,000
11,500
1,41,500
Working Notes :
1.
= ` 2,000.
Debtors (` 9,000 5,000)
Dr.

Particulars
To Balance b/d
To Realisation A/c
(Investment)
To Realisation A/c
(Stock + Debt.)
To Bank A/c
Particulars
11,500
17,500
54,000
11,500
7,500
71,500
19,000
11,500
Dr.
Cr.
By Balance b/d
By Investment
Fluctuation Fund
By Realiastion A/c
(Profit)
By Realisation A/c
By Bank A/c
50,000
10,000
3,000
2,000
1,000
10,500
8,000
71,500
7,000
19,000
3,500
7,000
11,500
Bank Account
Particulars
Cr.
Amount
Particulars
Amount
To Balance b/d
To Realisation A/c
To Cs Capital A/c
1,000
20,500
54,000
7,500
83,000
83,000
iz'u 8. A, B vkSj C ,d QeZ esa lk>snkj Fks tks 4 : 3 : 3 osG vuqikr

esa ykHk ckVrs FksA 1.4.2013 dks mUgksaus QeZ osG fo?kVu dk fu.kZ; fy;kA
ml fnu A, B vkSj C dh iwth e'k% ` 1,25,000, ` 45,000 vkSj
` 15,000 (MsfcV) FkhA ysunkj ` 23,150 Fks vkSj gkFk esa jksdM+ ` 4,520
FkhA lEifk;ksa ls ` 1,44,910 olwy gq, rFkk fo?kVu osG O;; ` 1,860 FksA
olwyh [kkrk cukb;s vkSj viuh f;k, Li"Vr% n'kkZb;sA (A, B, and C
were partners in a firm sharing profits in the ratio of 4 : 3 : 3.
Solution :
6,000 By Realisation A/c (Expenses)

70,000 By Realisation A/c (Creditors)
7,000
By As Capital
By Bs Capital A/c
On 1.4.2013 they decided to dissolve the firm. On that date

A's capital was ` 1,25,000, B's capital was ` 45,000 and C's
capital was ` 15,000 (Dr.). The creditors amounted to
` 23,150 and Cash in hand was ` 4,520. The assets realised
` 1,44,910 and the expenses of dissolution were ` 1,860.
Prepare Realisation Account and show your workings
clearly.)
Memorandum Balance Sheet

(as on 1st April, 2013)
Particulars
Amount
Particulars
Amount
Creditors
As Capital
Bs Capital
23,150
1,25,000
45,000
1,93,150
Dr.
Cash in hand
Cs Capital
Sundry Assets (Balancing figure)
4,520
15,000
1,73,630
1,93,150

Particulars

To Cash A/c
17,500 10,000
8,630
26,130 10,000
Particulars
By Balance b/d
By Cash A/c
Cr.
A
26,130 9,540
460
26,130 10,000
66
Dr.
Partner's Capital Accounts

Particulars

To Cash A/c
15,000 20,000
17,210
15,000 37,210
Dr.
Cr.
Particulars
By Balance b/d
By Cash A/c
11,720 37,210
3,280
15,000 37,210
Cash Account
Particulars
Amount
Cr.
Particulars
To Realisation A/c
To Bs Capital A/c
To Cs Capital A/c
22,100
460
3,280
25,840
Amount
`
By As Capital A/c
By Ds Capital A/c
8,630
17,210
25,840
va'kksa dk fuxZeu] gj.k ,oa iqu%fuxZeu

[ISSUE, FORFEITURE AND RE-ISSUE OF SHARES]
(c)
equity shares)
cgqfodYih; iz'u
123456789012345678
(Multiple Choice Questions) 123456789012345678

1. lerk va'k/kkjh gksrs g (Equity shareholders are) :
(B.S.E.B., 2010)
(a) dEiuh osG xzkgd (Customers of the company)
(b) dEiuh osG Lokeh (Owners of the company)
(c) dEiuh osG ysunkj (Creditors of the company)
2. tCr va'kksa osG iqufuZxZeu osG ckn va'k tCr [kkrs osG 'ks"k dks LFkkukUrfjr
fd;k tkrk gS (Balance of Forfeited Shares Account after
reissue of forfeited shares is transferred to) :
(B.S.E.B., 2009, 11)
(a) ykHk&gkfu [kkrs esa (Profit and Loss A/c)
(b) iwth lap; [kkrs esa (Capital Reserve Account)
(c) lkekU; lap; [kkrs esa (General Reserve Account)
3. dEiuh vf/kfu;e osG izko/kkuksas osG vUrxZr ,d dEiuh tkjh dj ldrh gS
(Under the provisions of Companies Act, a company
can issue) :
(B.S.E.B., 2009, 11)
(a) flQZ lerk va'k (Only equity shares)
(b) flQZ iwokZfkdkj va'k (Only preference shares)
lerk va'k ,oa iwokZfkdkj va'k (Preference shares and
4.
vf/kdkj va'k os g ftUgsa (Right shares are the shares,
which) :
(a) dEiuh osG funsZ'kdksa dks fuxZfer fd;k tkrk gS (Are issued to
the Directors of the company)
(b) dEiuh osG orZeku va'kkkjdksa dks fuxZfer fd;k tkrk gS (Are issued to existing shareholders of the company)
(c) dEiuh osG izorZdksa dks fuxZfer fd;k tkrk gS (Are issued to
promoters in consideration of their services)
(d) lEifk;k [kjhnus osG fy, fosrkvksa dks fuxZfer fd;k tkrk gS
(Are issued to the vendors for purchasing assets)
5. nkf;Roksa dh oqGy jkf'k esa lfEefyr gksrk gS (Total amount of
liabilities side includes) :
(B.S.E.B., 2011)
(a) vf/kr iwth (Authorised Capital)
(b) fuxZfer iwth (Issued Capital)
(c) izkfFkZr iwth (Subscribed Capital),
(d) pqdrk iwth (Paid-up Capital)
6. dEiuh vius va'kksa dks izhfe;e ij Hkkjrh; dEiuh vf/kfu;e] 2013
dh fdl /kkjk osG vUrxZr tkjh djrh gS\ (A company issues its
shares at premium under which Section of Indian Companies Act, 2013 ?) :
(B.S.E.B., 2013)
(a) 78
(b) 79
(c) 52
(d) 53
7. va'kksa dk gj.k fd;k tk ldrk gS (Shares can be forfeited) :
(a) lHkk esa mifLFkr u gksus dh fLFkfr esa (For failure to attend
meetings)

(b)
ekx jkf'k osG Hkqxrku u djus ij (For non-payment of call
(a) leewY; ij fuxZeu (Issued at Par)

(b) vf/kewY; ij fuxZeu (Issued at Premium)
(c) dVkSrh ij fuxZeu (Issued at Discount)
money)
(c)
cd .k esa Hkqxrku dh vleFkZrk esa (For failure to repay

the loan to the Bank)
(d)
izfrHkwfr osG :i esa va'kksa osG cU/kd gksus ij (For which shares
are pledged as a security)

8. va'k/kkjh izkIr djrs g (Shareholders get) :
(a) C;kt (Interest)
(b) ykHkka'k (Dividend)
(c) deh'ku (Commission) (d) ykHk (Profit)
9. ^Vscy F* osG vuqlkj cdk;k ;kpuk ij C;kt dh nj izHkkfjr gS (Interest on calls in arrears is charged according to 'Table F'
at) :
(a) 5% okf"kZd (5% p.a.)
(b) 6% okf"kZd (6% p.a.)
(c) 8% okf"kZd (8% p.a.)
(d) 10% okf"kZd (10% p.a.)
10. va'kksa dk vf/kewY; ij fuxZeu gS (Premium on issue of shares
is a) :
(a) iwthxr ykHk (Capital Gains)
(b) iwthxr gkfu (Capital Losses)
(c) lkekU; ykHk (General Profit)
(d) lkekU; gkfu (General Loss)
11. va'kksa ds vf/kewY; dks vkFkd fpV~Bs ds--------- i{k esa fn[kk;k tkrk gS
(Premium on issue of shares is shown on ..... side of
the Balance sheet)
(a) lEifk (Assets)
(b) nkf;Ro (Liability)
(c) nksuksa (Both)
12. va'k vkcaVu [kkrk gS (Share Allotment Account is)
(b) okLrfod [kkrk (Real A/c)
(c) ukeek= [kkrk (Nominal A/c)
13. vf/kr iwth dk og va'k ftls flQZ dEiuh ds lekiu ij gh ekxk tk
ldrk gS] dgykrk gS (The portion of the authorised capital
which can be called-up only on the liquidation of the
company is called)
(a) fuxZfer iwth (Issued Capital)
(b) ;kfpr iwth (Called-up Capital)
(c) v;kfpr iwth (Uncalled Capital)
(d) vkjf{kr iwth (Reserve Capital)
14. va'kksa ds fuxZeu ij vf/kykHk dk mi;ksx fd;k tk ldrk gS (Premium
on issue of shares can be used for)
(a) cksul va'kksa ds fuxZeu ds fy, (Issue of Bonus shares)
(b) ykHk ds forj.k ds fy, (Distribution of Profit)
(c) lkekU; lap; esa gLrkUrj.k ds fy, (Transferring to General Reserve)
(d) ;s lHkh (All these)
15. ;fn ` 10 okyk lerk va'k ` 12 ij fuxZfer fd;k tkrk gS rks bls dgk
tkrk gS (If equity share of ` 10 each is issued at ` 12
each, it is called)
67
16.
og vf/kdre jkf'k ftlls vf/kd dEiuh dks vius va'kksa ds fuxZeu }kjk
dks"k tqVkus dh vkKk ugha gS] dgykrh gS --------- (The maximum
capital beyond which a company is not allowed to raise

funds, by issue of shares is called)
(a) fuxZfer iwth (Issued capital)
(b) lap; iwth (Reserve capital)
(c) vf/kr iwth (Authorised capital)
(d) vfHk;kfpr iwth (Subscribed capital)
17. ^Vscy F* osG vuqlkj vfxze ;kpuk ij C;kt fn;k tkrk gS -------------dh nj ls (As per Table F interest on calls-advance is
paid at the rate of)
(b) 12% izfro"kZ (p. a.)
(a) 8% izfro"kZ (p.a.)
(c) 5% izfro"kZ (p.a.)
18. dEiuh vf/kfu;e ds vuqlkj] dsoy vf/keku va'k tks ------------- esa
'kks/; gksa] tkjh fd;s tk ldrs gSa (As per the Companies Act,
only preference shares, which are redeemable
within......can be issued)
(C.P.T. 2010 June)
(a) 24 o"kZ (24 years)
(b) 22 o"kZ (22 years)
(c) 30 o"kZ (30 years)
(d) 20 o"kZ (20 years)
19. buesa ls dEiuh dh iathr iwth dkSu&lh gS\ (Which one of the
following is the registered capital of the company)
(a) nk iwth (Paid-up capital)
(b) v;kfpr iwth (Uncalled capital)
(c) vf/kr iwth (Authorised capital)
(d) fuxZfer iwth (Issued capital)
20. ykHkka'k lkekU;r% --------------- ij fn;k tkrk gS (Dividends are
usually paid on)
(C.P.T. 2007 May; 2008 June)
(c) ekxh xbZ iwth (Called-up Capital)
(d) iznk iwth (Paid-up Capital)
21. ;fn foozsGrkvksa dks ` 1,20,000 dh 'kq lEifk;ksa osG izfrQy esa
` 1,00,000 ds iw.kZnk va'k fuxZfer fd;s tk;sa rks 'ks"k ` 20,000 tek
fd;s tk;saxs (If vendors are issued fully paid shares of
` 1,00,000 in consideration of net assets of ` 1,20,000
the balance of ` 20,000 will be credited to)
(C.P.T. 2007 May)
(a) [;kfr [kkrs esa (Goodwill Account)
(b) iwth lap; [kkrs esa (Capital Reserve Account)
(c) fooszGrk osG [kkrs esa (Vendor's Account)
(d) ykHk&gkfu [kkrs esa (Profit and Loss Account)
22. tc izorZdksa dks va'k fuxZfer fd;s tkrs gSa rks fdl [kkrs dks MsfcV fd;k
tk;sxk (When shares are issued to promoters which account should be debited)
(C.P.T. 2007 Aug.)
(a) va'k iwth [kkrk (Share Capital A/c)
(b) lEifk [kkrk (Assets A/c)
68
(c) izorZd [kkrk (Promoter's A/c)
(d) [;kfr [kkrk (Goodwill A/c)
23. dEiuh vf/kfu;e dh /kkjk 52 osG vuqlkj]
izfrHkwfr izhfe;e [kkrs dh

jkf'k dk mi;ksx fuEu ms'; osG fy;s ugha fd;k tk ldrk (According
24.
25.
26.
27.
28.
to Section 52 of the Companies Act, the amount in the

Securities Premium Account cannot be used for the
purpose of)
(C.P.T. 2007 Aug.)
(a) lEiw.kZ nk va'kksa dk fuxZeu (Issue of fully Paid Bonus
Shares)
(b) dEiuh dh gkfu;ksa dk viys[ku (Writing Off Losses of the
Company)
(c) izkjfEHkd O;;ksa dk viys[ku (Writing off Preliminary Expenses)
(d) va'kksa osG fuxZeu ij dVkSrh dk viys[ku (Writing Off Commission or Discount on Issue of Shares)
10,000 lerk va'k izR;sd ` 10 osG turk dks ` 2 izfr va'k izhfe;e ij
tkjh fd;s x;sA 12,000 va'kksa osG fy, vkosnu izkIr gq;As izfrHkwfr izhfe;e
[kkrs dh jkf'k gksxh (10,000 equity shares of ` 10 each were
issued to public at a premium of ` 2 per share. Applications were received for 12,000 shares. Amount of securities premium account will be)(C.P.T. 2007 Aug)
(a) ` 20,000
(b) ` 24,000
(c) ` 4,000
(d) ` 1,600
A Ltd. us ` 1,80,000 esa 1 e'khu [kjhnh ftldk Hkqxrku og ` 100
okys va'kksa osG }kjk 20% izhfe;e ij dj jgk gSA og izfrQy osG :i esa
fdrus va'k nsxk (A Ltd. purchased a machinery for
` 1,80,000 for which he is paying by issue of shares of
` 100 each at 20% premium. How many shares will be
issued as consideration)
(C.P.T. 2008 Dec.)
(a) 2,500
(b) 2,000
(c) 1,500
(d) 3,000
vf/kdkj va'k fuxZfer fd;s tkrs gSa (Right Shares are Issued
to)
(C.P.T. 2009 June)
(a) izorZdksa dks lsokvksa osG fy, (Promoters for the Services)
(b) ifjorZuh; .ki=ksa osG /kkjdksa dks (Holders of Convertible
Debentures)
(c) fo|eku va'k/kkfj;ksa dks (Existing Shareholders)
(d) mijks lHkh (All of the above)
,d dEiuh ` 1,00,000 dh iwth ls fucaf/kr gksrh gS tks ` 10 okys
10,000 va'kksa esa foHkkftr gSA buesa ls 9,990 va'k jktho }kjk /kkfjr gSa
vkSj 10 va'k lat; }kjk kkfjr gSaA dkuwu dh n`f"V esa ;g gS (A company is registered with a share capital of ` 1,00,000
divided into 10,000 shares of ` 10 each. Of these shares
9,990 shares are held by Rajeev and 10 Shares are
held by Sanjay. In the eye of law it is treated as)
(a) lk>snkjh (Partnership)
(b) futh dEiuh (Private Company)
(c) lkoZtfud dEiuh (Public Company)
(d) ljdkjh dEiuh (Government Company)
vxz esa ls fdls nk iwth Kkr djus ds fy, ?kVk;k tkuk pkfg, (Which
of the following should be deducted from the called-up
capital to find out paid-up capital)
(a) vfxze ;kpuk (Calls-in-advance)

(b) cdk;k ekax (Calls-in-arrear)
(c) va'k gj.k (Share forfeiture)
(d) va'kksa osG fuxZeu ij cV~Vk (Discount on issue of shares)
29. izfrHkwfr izhfe;e dk iz;ksx bl ms'; osG fy, fd;k tkrk gS (Securities Premium is utilised for this purpose)
(a) [;kfr dks vifyf[kr djus osG fy, (For writing of goodwill)
(b) iwokZf/kdkj va'kksa osG 'kks/ku ij ns; izhfe;e osG fy, (For premium payable on redemption of preference shares)
(c) iwthxr gkfu;ksa osG viys[ku osG fy, (For writing off capital
losses)
(d) ykHkka'k nsus osG fy, (For paying Dividend)
30. lafpr va'k iwth dk vk'k; gS (Reserve share capital means)
(C.P.T. 2009 June)
(a) vf/kr iwth dk va'k ftls izkjEHk esa ekxk tkuk gS (Part of authorised capital to be called at the beginning)
(b) v;kfpr iwth dk Hkkx ftls flQZ lekiu ij ekxk tk;sxk (Portion
of uncalled capital to be called only at liquidation)
(c) vf/kfohr iwth (Over subscribed capital)
(d) vYi vfHknkfur iwth (Under subscribed capital)
31. tc fdlh ;kpuk ij jkf'k ns; gks ijUrq ;g izkIr ugha gksrh gS rks deh dks
MsfcV fd;k tkrk gS (When full amount is due on any call
but it is not received, then the short fall is debited to)
(a) vfxze ;kpuk (Calls-in-advance)
(b) cdk;k ;kpuk (Calls-in-arrear)
(c) va'k iwth (Share Capital)
(d) mpUrh [kkrk (Suspense Account)
32. izkfFkZr iwth vkSj ;kfpr iwth osG vUrj dks dgk tkrk gS (The difference between subscribed capital and called-up capital
is called)
(a) cdk;k ;kpuk (Calls-in-arear)
(b) vfxze ;kpuk (Calls-in-advance)
(c) v;kfpr iwth (Uncalled capital)
33. va'kksa osG fuxZeu osG iwoZ dkSu&lk fooj.k fuxZr (tkjh) fd;k tkrk gS\
(Which statement is issued before the issue of
shares ?)
(C.P.T. 2009 Dec.)
(a) izfooj.k i= (Prospectus)
(b) vUrfuZ;e (Articles of Association)
(c) lhek ik"kZn fu;e (Memorandum of Association)
(d) ;s lHkh (All of these)
34. A fyfeVsM us B fyfeVsM ls ` 11,25,000 ewY; dh lEifk;k izR;sd
` 100 okys va'kksa dks 25% izhfe;e ij fuxZe.k }kjk [kjhnhaA ; izfrQy
osG fy, A fyfeVsM }kjk fuxZfer fd;s tkus okys va'kksa dh la[;k gS (A
Ltd. acquired assets worth ` 11,25,000 from B Ltd. by
issue of equity shares of ` 100 each at a premium of
25%. The number of shares to be issued by A Ltd. for
the purchase consideration is) (C.P.T. 2010 June)
(a) 9,000 va'k (Shares)
(b) 11,250 va'k (Shares)
(c) 14,063 va'k (Shares)
(d) 7,500 va'k (Shares)
35. dEiuh izfrHkwfr izhfe;e dk iz;ksx dj ldrh gS (Company can
utilise securities premium for)

69
(a) lEifk dk iquewZY;kadu djus esa gksus okyh gkfu dks vifyf[kr djus 41. lerk va'k /kkjd dEiuh osG gksrs gSa (Equity shareholders are)
esa (Writing off loss incurred on revaluation of asset)
(a) cSadlZ (Bankers)
(b) ysunkj (Creditors)
(b) iw.kZ iznk cksul va'kksa dk fuxZeu djus osG fy, (Issuing fully
(c) nsunkj (Debtors)
(d) Lokeh (Owner)
paid bonus shares)
42. lap; iwth dk vFkZ gS (Reserve capital means)
(c) ykHkka'k nsus osG fy, (Paying divided)
(a) vfHkizkfFkZr v;kfU=r iwth dk ,d Hkkx (A part of subscribed
(d) O;kikfjd gkfu dks vifyf[kr djus esa (Writing off trading
uncalled capital)
toss)
(b) lafpr ykHk (Reserve Profit)
36. tc dEiuh izorZdksa dks mudh lsokvksa osG fy, iw.kZnk va'k fuxZfer
(c) iwth lap; dk fgLlk (A part of Capital Reserve)
djrh gS] rks jkstukepk izfof"V gksxh (When a company issued
(d) iwth 'kks/ku lap; dk ,d fgLlk (A part of Capital Redempfully paid shares to promoters for their services, the
journal entry will be)
(a) Bank A/c
To Share Capital A/c
(b) Goodwill A/c
(c) Promoters Personal A/c
(d) Promotion Expenses A/c
37.
tion Reserve)
Dr.
Dr.
Dr.
tc dEiuh izhfe;e ij va'kksa dk fuxZeu djrh gS rks izhfe;e dh jkf'k]

dEiuh }kjk izkIr dh tk ldrh gS (When a company issues
shares at a premium, amount of premium may be received by the company)

(a) vkosnu jkf'k osG lkFk (Along with application money)
(b) vkc.Vu jkf'k osG lkFk (Along with allotment money)
(c) ;kpukvksa osG lkFk (Along with calls)
(d) mi;qZDr esa ls fdlh Hkh osG lkFk (Along with any of the above)
38. va'k vkosnu [kkrk gS (Share Application Account is)
39. izfrHkwfr izhfe;e dk iz;ksx ugha gks ldrk (Securities Premium
can not be applied)
(a) lnL;ksa dks ykHkka'k ckVus osG fy, (For paying dividend to
members)
(b) lnL;ksa dks cksul va'kksa osG fuxZeu osG fy, (For issuing bonus
shares to members)
(c) dEiuh osG izkjfEHkd O;;ksa osG viys[ku osG fy, (For writing off
preliminary expenses of company)
(d) .ki=ksa osG fuxZeu osG cs osG viys[ku osG fy, (For writing
off discount on issue of debentures)
40. dEiuh }kjk ;kpuk fd;s tkus ls iwoZ gh va'k/kkfj;ksa ls vfxze jkf'k dh
izkfIr dks (Money received in advance from shareholders
before it is actually called by the company is)
(a) cdk;k ekx jkf'k esa MsfcV fd;k tkrk gS (Debited to Calls-inarrear Account)
(b) vfxze ekx jkf'k esa sfMV fd;k tkrk gS (Credited to Calls
Paid-in-advance Account)
(c) vfxze ekx jkf'k esa MsfcV fd;k tkrk gS (Debited to Calls Paidin-advance Account)
43.
izfrHkwfr izhfe;e [kkrs dks vkfFkZd fps esa fdlosG vUrxZr fn[kk;k tkrk
gS\ (Securities Premium is shown under which head in
the Balance Sheet ?)

(C.P.T. 2010 Dec.)
(a) lap; rFkk vkf/kD; (Reserve and Surplus)
(b) fofo/k O;; (Miscellaneous Expenditure)
(c) pkyw nkf;Ro (Current Liabilities)
(d) va'k iwth (Share Capital)
44. va'kksa dk fuxZeu fd;k tk ldrk gS (Shares may be issued)
(a) leewY; ij (At par value) (b) izhfe;e ij (At Premium)
(c) cs ij (At Discount)
(d) a vkSj b nksuksa (Both a & b)
45. dEiuh osG nkf;Roksa esa tksMs+ tkus okyh iwth dgykrh gS (Capital included in the liabilities of a company is called)
(c) izkfFkZr iwth (Subscribed Capital)
46. va'kksa osG okil ; dh D;k 'krs gSa\ (What are the conditions of
buy-back of shares ?)
(a) okil ; osG lHkh va'k iw.kZr% pqdrk gksus pkfg, (All the buyback shares should be fully paid-up)
(b) va'kksa dk okil&; dEiuh dh dqy pqdrk iwth ,oa eqDr lap; osG
25% vf/kd ugha gksuh pkfg, (The buy-back of should not
exceed 25% of the total paid-up capital and free
reserve of the company)
(c) dEiuh dk vUrfuZ;e ,slk djus osG fy, vf/kr djrk gks (Articles of Association of the company authorise it to
do so)
47. va'kksa dk ,slk fuxZeu tks lkoZtfud fuxZeu ugha gS cfYd dqN pqus gq,
O;fDr;ksa dks fuxZfer fd;s tkrs gSa] dgykrk gS (An issue of shares
which is not a public issue but offered to a selected
group of persons is called)
(a) lkoZtfud izLrko (Public offer)
(b) va'kksa dh futh O;oLFkk (Private placement of shares)
(c) izkjfEHkd lkoZtfud izLrko (Initial public offer)
48. ,Lks [kkrs esa fuEu esa ls fdls 'kkfey fd;k tkrk gS\ (Which of the
following is included in Escrow Account ?)
(a) ,d O;kolkf;d cSad osG ikl tek (Cash Deposit in a Commercial Bank)
70
(b)
epsZ.V cSad osG i{k esa cSad xkj.Vh (Bank guarantee in favour
of a merchant bank)
(c)
mfpr ekftZu osG vUrxZr tek dh xbZ izfrHkwfr (Deposit of securities with appropriate margin)
(d)
mijksDr lHkh (All of the above)

49. ;fn ` 10 okyk va'k ` 2 ds vf/kewY; ij fuxZfer gks ftl ij iw.kZ jkf'k
ekxh tk pqdh gS vkSj ` 7 (vf/kewY; lfgr) nk gS] gj.k dj fy;k tkrk
gS rks va'k iwth [kkrk dks MsfcV fd;k tkuk pkfg, (If a share of ` 10
issued at a premium of ` 2 on which the full amount
has been called and ` 7 (including premium) paid is
forfeited, the Share Capital Account should be debited
with)
(a) ` 12
(b) ` 10
(c) ` 7
(d) ` 5
50. ;fn ` 10 okyk va'k] ftl ij ` 8 ;kfpr gS vkSj ` 6 nk gS] tCr dj
fy;k tkrk gS rks va'k iwth [kkrk dks MsfcV fd;k tkuk pkfg, (If a
share of ` 10 on which ` 8 has been called and ` 6 is
paid is forfeited, the Share Capital Account should be
debited with)
(a) ` 8
(b) ` 10
(c) ` 6
(d) ` 2
51. tc va'kksa dks tCr fd;k tkrk gS rks va'k iwth [kkrk dks MsfcV fd;k tkrk
gS (When shares are forfeited, the Share Capital Account is debited with)
(a) va'kksa ds vafdr ewY; ls (Nominal Value of Shares)
(b) va'kksa ds cktkj ewY; ls (Market Value of Shares)
(c) va'kksa ds ;kfpr ewY; ls (Called-up Value of Shares)
(d) va'kksa ds iznk ewY; ls (Paid-up Value of Shares)
52. ;fn va'kksa ds iquuxZeu ij gkfu] tCr dh xbZ jkf'k ls de gks rks ^vfk'ks"k*
;k ykHk gLrkUrfjr fd;k tkrk gS (If the loss on reissue of shares
is less than the amount forfeited, the 'surplus' or profit
is transferred to)
(a) iwth lap; esa (Capital Reserve)
(b) vk;xr lap; esa (Revenue Reserve)
(c) ykHk&gkfu [kkrk esa (Profit & Loss A/c)
53. ,d dEiuh us izR;sd ` 10 okys 2,000 va'kksa dks (tks leewY; ij
fuxZfer fd;s x;s Fks) tks A osG ikl Fks] vkcaVu dh jkf'k ` 4 izfr va'k u
pqdk;s tkus osG dkj.k tCr dj fy, x,A izfr va'k ;kpuk ewY; ` 9 FkkA
tCrh ij] va'k iwth dks MsfcV dh tkus okyh jkf'k gS (A company
forfeited 2,000 shares of ` 10 each (which were issued
at par) held by A for non payment of allotment money
of ` 4 per share. The called-up value per share was
` 9. On forfeiture, the amount debited to share capital
is)
(C.P.T. 2006 Nov.)
(a) ` 10,000
(b) ` 8,000
(c) ` 2,000
(d) ` 18,000
54. ts- fyfeVsM us 2,000 va'kksa dks iqu% fuxZfer fd;k ftls va'k tCrh [kkrs
dks ` 3,000 ls oszGfMV djosG tCr fd;k x;k FkkA bu va'kksa dks ` 9 izfr
va'k dh nj ls iqu% fuxZfer fd;k x;k FkkA iwth lap; [kkrs esa gLrkUrfjr
dh tkus okyh jkf'k gksxh (J. Ltd. re-issued 2,000 shares which
were forfeited by crediting share forfeiture account by
` 3,000. These shares were re-issued at ` 9 per share.

The amount transferred to capital reserve will be)
(C.P.T. 2007 May)
(a) ` 3,000
(b) ` 2,000
(c) ` 1,000
(d) 'kwU; (Nil)
55. ;fn ,d ` 10 okyk va'k ftl ij ` 8 iznk gS tCr dj fy;k tkrk gS rks
bls -------- osG U;wure ewY; ij iqu% fuxZfer fd;k tk ldrk gS (If a
share of ` 10 on which ` 8 has been paid up is forfeited,
it can be reissued at the minimum price of.........)
(C.P.T. 2010 June)
(a) ` 10 izfr va'k (` 10 per share)
(b) ` 8 izfr va'k (` 8 per share)
(c) ` 5 izfr va'k (` 5 per share)
(d) ` 2 izfr va'k (` 2 per share)
56. Z & Co. us ` 10 okys 100 va'kksa dks ` 2 dh nj ls vfUre ;kpuk osG
Hkqxrku u fd;s tkus osG dkj.k tCr dj fy;kA lHkh tCr va'kksa dks ` 9
izfr va'k dh nj ls iqu% tkjh fd;k x;kA iwth lap; [kkrk esa fdl jkf'k
dks gLrkUrfjr fd;k tk;sxk (Z & Co. forfeited 100 shares of
` 10 each for non-payment of final call of ` 2 per share.
All the forfeited shares were re-issued at ` 9 per share.

What amount will be transferred to capital Reserve
A/c)
(C.P.T. 2010 June)
(b) ` 800
(a) ` 700
(c) ` 900
(d) ` 1,000
57. vewy fyfeVsM us 20 va'kksa dks] R;sd ` 10 ds] gj.k dj fy;k ftu ij
` 4 fr va'k pqdk;s x, FksA dEiuh dks de&ls&de fdruh dher
olwyuh pkfg, ;fn gj.k fd;s x;s va'kksa dks iqu% fuxZfer fd;k tkrk gS\
(Amul Ltd. forfeited 20 shares of ` 10 each of which ` 4
per share were paid. What minimum price company
must charge if the forfeited shares are re-issued ?)
(a) ` 2 fr va'k (Per share) (b) ` 4 fr va'k (Per share)
(c) ` 6 fr va'k (Per share) (d) ` 8 fr va'k (Per share)
58. va'kksa osG gj.k osG ifj.kkeLo:i ?kV tkrh gS (Forfeiture of shares
results in the reduction of)
(a) pqdrk iwth (Paid-up Capital)
(b) vf/kr iwth (Authorised Capital)
(c) LFkk;h lEifk (Fixed Assets)
(d) vkjf{kr iwth (Reserve Capital)
59. va'k gj.k [kkrs dks fps esa fn[kk;k tkrk gS (Share Forfeiture
Account is shown in the Balance Sheet)
(a) pkyw nkf;Ro osG lkFk (with Current Liabilities)
(b) xSj&pkyw nkf;Ro osG lkFk (with Non-current Liabilities)
(c) lkekU; lap; osG lkFk (with General Reserve)
(d) pqdrk iwth osG lkFk (with Paid-up Capital)
60. ;fn ` 10 okys va'k ` 1 izhfe;e ij fuxZfer fd;s x;s gksa ftu ij ` 9
(izhfe;e lfgr) ;kpuk gqbZ gS vkSj izhfe;e lfgr ` 7 Hkqxrku fd;k x;k
gks] tCr dj fy;k tkrk gS] iwth [kkrs dks ------- ls MsfcV fd;k tkuk
pkfg, (If a share of ` 10 has been issued at a premium
of ` 1 on which ` 9 (including premium) have been
called and ` 7 including premium has been paid is forfeited; The capital account should be divided by)
(a) ` 8
(b) ` 7
(c) ` 9
(d) ` 10

71
61. fnokdj osG ikl ,d dEiuh us ` 10 okys 2,000 va'k gSA bu ij og 64. X fyfeVsM us ` 10 okys] ` 7 ;kfpr] 100 lerk va'kksa dks izFke ;kpuk
vkosnu rFkk vkcaVu osG ` 6 fr va'k ns pqdk gS] fdUrq izFke o vfUre
osG ` 2 izfr va'k ugha pqdk;s tkus osG fy, tCr dj fy;kA buesa ls 80
;kpuk osG ` 4 izfr va'k ugha ns ik;kA mlosG va'kksa dks tCr dj fy;k x;kA
va'kksa dks ` 6 izfr va'k] ` 7 pqdrk] dh nj ls iqu% fuxZfer fd;k x;kA
,slh n'kk esa bu va'kksa ij izkIr jkf'k gLrkUrfjr dh tk;sxh (Diwakar
iwth lap; dh jkf'k Kkr dhft, (X Ltd. forfeited 100 equity
holds 2,000 shares of ` 10 each of a company. On these
he paid application and allotment money of ` 6 per
share but failed to pay the first and final call of ` 4 per
share. His shares were forfeited. In this case amount
received on these shares will be transferred to)
(a) va'k iwth [kkrs esa (Share Capital A/c)
(b) izFke ,oa vfUre ;kpuk [kkrs esa (First and Final call A/c)
(c) va'k gj.k [kkrs esa (Share Forfeiture A/c)
(d) buesa ls fdlh esa ugha (None of these)
62. eksgu ftlosG ikl ` 10 okys 900 va'k Fks] vkcaVu jkf'k ` 2 fr va'k nj
ls vkSj ;kpuk jkf'k ` 4 izfr va'k dh nj ls ugha ns ik;kA mlosG va'kksa dk
gj.k dj fy;k x;k vkSj buesa ls 600 va'kksa dks ` 7 izfr va'k iw.kZnk dh
nj ls iqu% fuxZfer dj fn;k x;kA iwth lap; dh jkf'k gksxh (Mohan,
holding 900 shares failed to pay allotment money of
` 2 per share and call money ` 4 per share. His shares
were forfeited and out of these 600 shares were reissued at ` 7 per share fully paid-up. The amount of
capital reserve will be)
(a) ` 1,200
(b) ` 600
(c) ` 800
(d) ` 900
63. iz'u la[;k 62 esa ^va'k gj.k [kkrs* dk 'ks"k Kkr dhft, (Find the
balance of 'shares forfeited account')
(a) ` 1,200
(b) ` 600
(c) ` 800
(d) ` 900
mkj
vUrj dk vk/kkj
1.
iwokZf/kdkj
shares of ` 10 each, ` 7 called up, for non-payment of

first call of ` 2 each. Of these 80 shares were re-issued
at ` 6 per share, ` 7 paid-up. Find the amount of capital reserve)
(a) ` 500
(b) ` 80
(d) ` 560
(c) ` 420
[ mkj % 1. (b) ] 2. (b) ] 3. (c) ] 4. (b) ] 5. (d) ] 6. (c) ]
7. (b)] 8. (b)] 9. (d)] 10. (a), 11. (b), 12. (a), 13. (d),
14. (a), 15. (b), 16. (c), 17. (b), 18. (d), 19. (c),
20. (d), 21. (b), 22. (d), 23. (b), 24. (a), 25. (b), 26. (c),
27. (b), 28. (b), 29. (b), 30. (b), 31. (b), 32. (c),
33. (d), 34. (a), 35. (b), 36. (b), 37. (d), 38. (a),
39. (a), 40. (b), 41. (d), 42. (a), 43. (a), 44. (d), 45. (d),
46. (d), 47. (b), 48. (a), 49. (b), 50. (a), 51. (c),
52. (a), 53. (d), 54. (c), 55. (d), 56. (a), 57. (c), 58. (a),
59. (d), 60. (a), 61. (c), 62. (b), 63. (a), 64. (b)]

1234567890123
iz'u 1. iwokZf/kdkj va'k ,oa lerk va'k esa vUrj crkb,A (Distinguish between Preference Share and Equity Share.)
(BSEB, 2014)
iwokZf/kdkj va'k ,oa lerk va'k esa vUrj

iwokZf/kdkj va'k
lerk va'k
dEiuh osG lekiu ij bUgsa iwth okilh esa iwokZf/kdkj gksrk gSA
dEiuh osG lekiu ij bUgsa iwth dh okilh iwokZf/kdkj va'kkkfj;ksa

osG ckn gksrk gSA
2. erkf/kdkj
vius fgr osG ekeyksa dks NksM+dj buosG /kkjd dks er nsus dk buosG /kkjdksa dks lHkh ekeyksa esa er nsus dk vf/kdkj gksrk gSA
vf/kdkj ug gksrk gSA
3. ykHkka'k dk e
bUgsa ykHkka'k lerk va'kksa ls igys fn;k tkrk gSA
bUgsa ykHkka'k lerk va'kksa osG ckn fn;k tkrk gSA
4. lapkydksa dh fu;qfDr buosG /kkjdksa dks lapkydksa dks fu;qDr djus dk vf/kdkj ug
buosG /kkjdksa dks lapkydksa dks fu;qDr djus dk vfkdkj gksrk gSA
gksrk gSA
iz'u 2. va'k vkSj LVkWd esa vUrj crkb,A (Distinguish between Share and Stock.)
va'k vkSj LVkWd esa vUrj
mkj
1.
2.
3.
4.
vUrj dk vk/kkj
vafdr ewY;
iw.kZnk
gLrkUrj.k
e la[;k
va'k
va'k dk vafdr ewY; gksrk gSA
va'k dk iw.kZnk gksuk vko';d ug gSA
bldk gLrkUrj.k osGoy iw.kZ ewY; esa gksrk gSA
izR;sd va'k dh ,d fuf'pr e la[;k gksrh gSA
LVkWd
LVkWd dk vafdr ewY; ug gksrk gSA
LVkWd ges'kk iw.kZnk gksrk gSA
bldk gLrkUrj.k VqdM+ksa esa Hkh gks ldrk gSA
bldh dksbZ fuf'pr e la[;k ug gksrh gSA
iz'u 3. va'k vkSj .ki= esa vUrj crkb,A (Distinguish between Shares and Debentures.)
mkj
va'k vkSj .ki= esa vUrj
vUrj dk vk/kkj
1.
fgLlk
va'k
va'k] iwth dk ,d Hkkx gSA
.ki=
.ki=] .k dk ,d Hkkx gSA
72
2.
3.
4.
/kkjd
ykHkka'k@C;kt
erkf/kdkj
blosG /kkjd Lokeh dgykrs gA

va'kksa ij ykHkka'k feyrk gSA
blosG /kkjd dks er nsus dk vf/kdkj gksrk gSA
iz'u 4. iwokZf/kdkj va'k osG izdkjksa

kinds of Preference Shares.)
dk o.kZu djsaA (Explain the
mkjiwokZf/kdkj va'k osG fuEufyf[kr izdkj gksrs g

(i) lap;h iwokZf/kdkj va'k (Cumulative Preference Shares)
,sls iwokZf/kdkj va'k ftuosG /kkjd dks lcls igys ykHkka'k ikus dk vf/kdkj
gksrk gSA ;fn fdlh o"kZ dEiuh osG vi;kZIr ykHk ;k ykHk u gksus dh n'kk esa blosG
/kkjd dks ykHkka'k ug fey ikrk gS rks ,slk ykHkka'k rc rd lafpr jgrk gS tc
rd fd iw.kZ :i ls bldk Hkqxrku u dj fn;k tk;sA
(ii) xSj&lap;h iwokZf/kdkj va'k (Non-cumulative Preference
Shares)bu va'kksa ij cdk;k ykHkka'k dk lap; ug gksrk gSA ;fn fdlh o"kZ
fdlh dkj.k ls ykHkka'k dh ?kks"k.kk ug gksrh gS rks blosG /kkjd dks u rks ykHkka'k
izkIr gksrk gS vkSj u cdk;k gh ekuk tkrk gSA
(iii) Hkkx;qDr iwokZf/kdkj va'k (Participating Preference
Shares)bu va'kksa ij fuf'pr nj ls ykHkka'k rks feyrk gh gS] lkFk gh vfrfjDr
ykHk gksus dh n'kk esa lerk va'k/kkfj;ksa dks fuf'pr ;k ?kksf"kr nj ls ykHkka'k nsus
osG ckn cps gq, vkf/kD; ykHk esa fgLlk ikus dk vf/kdkj gksrk gSA
(iv) vHkkx;qDr iwokZf/kdkj va'k (Non-participating Preference Shares)bu va'kksa osG /kkjd dks osGoy ,d fuf'pr nj ls ykHkka'k
ikus dk vf/kdkj gksrk gSA
(v) 'kks / kuh; iw o kZ f /kdkj va ' k (Redeemable Preference
Solution :
Date
blosG /kkjd egktu dgykrs gA

.ki=ksa ij C;kt feyrk gSA
blosG /kkjd dks er nsus dk vf/kdkj ug gksrk gSA
Shares);s
os va'k gksrs g ftudh jkf'k dks dEiuh osG thoudky esa gh

fuxZeu dh 'krks osG vuqlkj dj fn;k tkrk gSA
(vi) v'kks/kuh; iwokZf/kdkj va'k (Irredeemable Preference
Shares)bu va'kksa dh jkf'k dEiuh osG lekiu ls iwoZ okil ug dh tk
ldrh gSA
iz'u 5. izhfr fyfeVsM dk fuekZ.k ` 10,00,000 dh iwth ls gksrk gS
tks ` 10 osG va'kksa esa foHkkftr gSA ;g turk ls 90,000 va'kksa osG fy,
vkosnu vkefU=r djrh gS ftlesa ` 1 vkosnu osG lkFk] ` 2 vkcaVu osG
lkFk vkSj ` 3 izFke ekx ij Hkqxrku djuk gSA 'ks"k ` 4 izfr va'k vko';drk
iM+us ij ns; gksxkA 80,000 va'kksa osG fy, vkosnu izkIr gq, vkSj va'kksa dk
vkcaVu fd;k x;kA lHkh jde ;Fkk&;ksX; izkIr gks x;h ijUrq 300 va'kksa
dh vkcaVu jde vkSj 600 va'kkas dh izFke ekx dh jde izkIr ugha gqbZA
(A Priti Ltd. was formed with a capital of ` 10,00,000 in
shares of ` 10 each. It offered to the public 90,000 shares
payable at ` 1 per share on application, ` 2 per share on
allotment and ` 3 per share on first call. The balance of ` 4
per share was to be called in case of necessity. Applications
were received for 80,000 shares and shares were alloted
accordingly. All the money was duly received with the exception of allotment money on 300 shares and first call
money on 600 shares.)
lHkh ysu&nsuksa dh izfof"V;k dhft,A (Journalise the whole
of the transactions.)
Journal Entries
Dr.
Particulars
L.F. Amount
`
Bank A/c
To Share Application A/c
Dr.
Cr.
Amount
`
80,000
80,000
(For application money received on 80,000 shares @ ` 1 per share)
Share Application A/c

Dr.
80,000
80,000
(For application money transferred to Share Capital A/c)
Share Allotment A/c

Dr.
1,60,000
1,60,000
(For amount due on allotment of 80,000 shares @ ` 2 per share)
Bank A/c
To Share Allotment A/c
Dr.
1,59,400
1,59,400
(For receipt of allotment money on 79,700 shares)
Share First Call A/c

Dr.
2,40,000
2,40,000
(For amount due on first call on 80,000 shares @ ` 3 per share)
Bank A/c
To Share First Call A/c
Dr.
2,38,200
2,38,200
(For the first call money received on 79,400 shares)
iz'u 6. nhid dEiuh fyfeVsM us 20,000 va'k ` 10 izfr va'k

dh nj ls fuxZfer fd;sA bu va'kksa ij fuEu izdkj ls Hkqxrku gksus gSa
(Deepak Company Ltd. issued 20,000 shares of ` 10 each.
Payment on these shares is to be made in the following

manner) :
1 tuojh] 2013vkosnu&i= ij ` 3

[On Application` 3 (1st January, 2013)]
1 ekpZ] 2013vkcaVu ij ` 3
[On Allotment` 3 (1st March, 2013)]
1 ebZ] 2013izFke ;kpuk ij ` 2
[On First Call` 2 (1st May, 2013)]
ckdh t:jr iM+us ijA (Balance in case of necessity.)
Solution :
Date
2013
Jan. 1
73
lHkh 'ks;jksa dh fch gks x;hA vk'kq us] ftls 1,000 'ks;j vkcafVr
fd;s x;s Fks] izFke ;kpuk osG lkFk iw.kZ jkf'k dk Hkqxrku dj fn;kA (All
the shares were subscribed. Ashu to whom 1,000 shares
were allotted paid the full amount on first call.)
tuZy osG vko';d ys[ks dhft,A (Pass necessary Journal
entries.)
Journal Entries
Dr.
Particulars
L.F. Amount
`
Bank A/c
Dr.
Cr.
Amount
`
60,000
60,000
(For amount received on application @ ` 3 per share)

Dr.
60,000
60,000
Mar. 1 Share Allotment A/c

Dr.
60,000
60,000
(For allotment money due)
Bank A/c
Dr.
60,000
60,000
(For allotment money received)
May 1
Share First Call A/c

Dr.
40,000
40,000
(For first call money due on 10,000 shares @ ` 2 each)
Bank A/c
To Share First Call A/c
To Call-in-advance A/c
Dr.
42,000
40,000
2,000
(For first call money received on 10,000 shares and call-in-advance received on 500 shares
@ ` 2 each)
iz'u 7. ABC Ltd. dh LFkkiuk ` 10,00,000 dh iwth osG lkFk] tks ` 10 okys lerk va'kksa esa foHkkftr Fkh] gqbZA buesa ls 5,000 va'k fosrkvksa
dks] Hkwfe ,oa Hkou osG ; gsrq iw.kZ ; izfrQy osG :i esa fuxZfer fd;s x;sA 15,000 va'k turk dks izLrkfor fd;s x;s vkSj buesa ls 12,000 va'k
vkosfnr vkSj ;Fkkfof/k vkcafVr gq,A lapkydksa us ` 8 izfr va'k dh nj ls ;kpuk dh vkSj leLr jkf'k izkIr gks xbZ] flQZ jk?ko }kjk /kkfjr 1,000 va'kksa
ij ` 2 izfr va'k osG ,d ;kpuk jkf'k dks NksM+djA ABC Ltd. osG vkfFkZd fpk esa vki mi;qZDr enksa dks fdl izdkj fn[kk;saxs\ (ABC Ltd. was
formed with a capital of ` 10,00,000 divided into equity shares of ` 10 each. Out of these 5,000 shares were issued to the
vendors as fully paid as purchase consideration for Land and Building acquired. 15,000 shares were offered to the public
and of these 12,000 shares were applied for and duly allotted. The Director called ` 2 per share on 1,000 share held by
Raghav. How would you show the relevant items in the Balance Sheet of ABC Ltd.)
Solution :
Balance Sheet of ABC Ltd.
(as at ............)
Equity and Liabilities
Shareholders Funds :
Share Capital
Note No.
1,44,000
Assets
Non-current Assets :
Land and Building
50,000
Current Assets :
Cash and Cash Equivalents (Cash at Bank)
94,000
1,44,000
74
Notes to Accounts
1. Share Capital :
Authorised Capital :
1,00,000 Equity Shares of ` 10 each
Issued Capital :
20,000 Equity Shares of ` 10 each
Subscribed Capital :
5,000 Equity Shares of ` 10 each (issued as fully paid for consideration other than cash)
12,000 Equity Shares of ` 10 each
Called and Paid-up Capital :
5,000 Equity Shares of ` 10 each, fully paid
12,000 Equity Shares of ` 10 each, ` 8 per Share called-up
Less : Calls-in-arrears
10,00,000
2,00,000
50,000
1,20,000
1,70,000
50,000
96,000
2,000
Paid-up Capital
94,000
1,44,000
iz'u 8. izorZdksa dks mudh lsokvksa osG cnys ` 10 okys 2,000 va'k ` 2 izfr va'k izhfe;e ij fuxZfer fd;s tkrs gSaA tuZy izfof"V;k djsaA (2,000
shares of ` 10 each are issued to promoters for their services at a premium of ` 2 per share. Give Journal entries.)
(J.A.C., 2008)
Solution :
Journal Entry
Dr.
Cr.
Date
Particulars
L.F. Amount
`
Incorporation Cost A/c/Goodwill A/c

To Securities Premium A/c
Dr.
Amount
`
24,000
20,000
4,000
(Being shares issued at premium to promoters)
iz'u 9. 1 vizSy] 2013 dks xksyw fyfeVsM izR;sd ` 10 okys 500 va'kksa osG /kkjd FksA mlus ` 4 izfr va'k dh nj ls Hkqxrku fd;k FkkA mlh frfFk
dks lapkydksa dh ,d lHkk esa izFke ,oa vfUre ;kpuk e'k% ` 2 rFkk ` 4 izfr va'k dh nj ls u pqdk;s tkus osG dkj.k mlosG va'kksa dk gj.k dj fy;k
x;kA 1 ebZ] 2013 dks ;s va'k exuyky dks ` 4,500 esa iw.kZnk :i esa iqu% fuxZfer dj fn;s x;sA dEiuh dh iqLrdksa esa gj.k ,oa iqu% fuxZeu osG ys[ks
gsrq jkstukepk izfof"V;k nhft,A (On 1st April, 2013, Golu Ltd. was the holder of 500 shares of ` 10 each. He has paid ` 4 per
share. At a meeting of the Directors held on that day his shares were forfeited for non-payment of the first and final calls
of ` 2 and ` 4 per share respectively. On 1st May, 2013, these shares were reissued fully paid to Maganlal for ` 4,500.
Give the Journal entries for recording forfeiture and reissue in the books of the company.)
Solution :
Journal Entries
Dr.
Cr.
Date
Particulars
2013
April 1 Share Capital A/c
To Forfeited Shares A/c
To Shares First Call A/c
To Share Final Call A/c
L.F. Amount
`
Dr.
Amount
`
5,000
2,000
1,000
2,000
(Being forfeiture of 500 shares for non-payment of first and final call of ` 2 and ` 4 per share)
May 1
Bank A/c
Forfeited Shares A/c
Dr.
Dr.
4,500
500
5,000
(Being reissue of forfeited shares)

To Capital Reserve A/c
Dr.
1,500
1,500
(Being balance of forfeited shares transferred to Capital Reserve A/c)
`7
iz'u 10. jfpd fy- us ` 4 izfr va'k vfUre ;kpuk vnk jgus osG dkj.k ` 10 okys 1,000 va'kksa dks tCr fd;kA buesa ls osGoy 600 va'kksa dks
izfr va'k dh nj ls iw.kZ nk :i esa iqu%fuxZfer fd;k x;kA tCrh ,oa iqu% fuxZeu gsrq tuZy izfof"V;k nsaA (Rachik Ltd. forfeited 1,000
75
shares of ` 10 due to non-payment of final call of ` 4 each. Out of these only 600 shares are reissued at ` 7 each as fully
paid. Give Journal entries for forfeiture and reissue.)
(J.A.C., 2008)
Solution :
In the Books of Rachik Ltd.
Journal Entries
Dr.
Cr.
Date
Particulars
L.F. Amount
`
Share Capital A/c

To Share Final Call A/c
Dr.
Amount
`
10,000
4,000
6,000
(Being 1,000 shares of ` 10 each forfeited due to non-payment of final call)
Bank A/c
Dr.
Dr.
4,200
1,800
6,000
(Being re-issue of 600 shares of ` 10 each at ` 7 fully paid)

Dr.
1,800
1,800
(Being profit on re-issue of forfeited shares transferred to Capital Reserve A/c)

1234567890123
1234567890123
iz'u 1. dEiuh ls vki D;k le>rs gSa \ bldh vko';d fo'ks"krk,

crkb,A (What do you understand by Company ? State its
essential features.)
(B.S.E.B., 2014)
mkjdEiuh dk vFkZ (Meaning of a Company)lkekU;r%

^la;qDr iwth okyh dEiuh* ;k ^dEiuh* dk vk'k; fdlh lkekU; ms'; osG fy,
fufeZr O;fDr;ksa osG ,d ,sls la?k ;k laLFkk ls gS ftldh iwth va'kksa esa foHkkftr
jgrh gSA okLro esa] dEiuh ,d f=e O;fDr gksrh gS ftldh LFkkiuk dkuwu ;k
vf/kfu;e osG vUrxZr gksrh gSA izks- ,y- ,p- gSus (L. H. Haney) osG
vuqlkj] ^^la;qDr iwth dEiuh ykHk osG fy, cuk;h x;h O;fDr;ksa dh ,d
,sfPNd laLFkk gS ftldh iwth mu gLrkUrj.kh; va'kksa esa foHkkftr jgrh gS
ftudk LokfeRo lnL;rk dh 'krZ gksrh gSA**
dEiuh vf/kfu;e] 2013 dh /kkjk 2(20) osG vuqlkj] ^^dEiuh dk
vk'k; bl vf/kfu;e osG v/khu fufeZr vFkok fucfU/kr dEiuh vFkok ,slh
fo|eku dEiuh ls gS ftldk fuekZ . k ;k fucU/ku fiNys dEiuh
vf/kfu;eksa esa ls fdlh osG v/khu fd;k x;k gksA**
,d dEiuh ls vk'k; gS og dEiuh tks fd dEiuh vf/kfu;e] 2013 osG
vUrxZr ;k fdlh vU; dEiuh vf/kfu;e osG vUrxZr fuxZfer ;k iathr gSA
phQ tfLVl ek'kZy osG vuqlkj] ^^dEiuh ,d vn`';] vewrZ vkSj f=e
O;fDr gS ftldk vfLrRo osGoy dkuwu dh n`f"V esa gksrk gSA**
dEiuh dh vko';d fo'ks"krk,

(ESSENTIAL FEATURES OF A COMPANY)
la;qDr iwth dEiuh dh eq[; fo'ks"krk, fuEufyf[kr gSa

(1) ,sfPNd laLFkkdEiuh O;fDr;ksa dh ,d ,sfPNd laLFkk gSA dksbZ Hkh
dkuwu O;fDr;ksa dks dEiuh cukus vFkok mldk lnL; cuus osG fy, ck/; ugha
dj ldrkA
(2) i`Fko~G oS/kkfud vfLrRodEiuh dk i`Fko~G oS/kkfud vfLrRo gksrk
gSA dEiuh vius uke ls lEifk;ksa dk ;&fo; dj ldrh gS] vius uke ls
cSad esa [kkrk [kksy ldrh gS vkSj vius uke ls vuqcU/k dj ldrh gSA bldk
vius lnL;ksa ls i`Fko~G vfLrRo gksrk gS rFkk lnL;ksa osG vkus&tkus ls bl ij dksbZ
izHkko ugha iM+rkA
(3) lhfer nkf;RolkekU;r% dEiuh osG lnL;ksa dk lhfer nkf;Ro

gksrk gSA bldk vFkZ ;g gS fd izR;sd lnL; dk nkf;Ro mlosG }kjk [kjhns x;s
va'kksa osG vafdr ewY; rd lhfer gksrk gSA
(4) lkoZeqkizR;sd dEiuh dh ,d lkoZeqk gksrh gS tks dEiuh osG
gLrk{kj dk dke djrh gSA lapkydksa }kjk rS;kj fd;s x;s izys[kksa dks dEiuh dk
izys[k ml le; rd ugha ekuk tkrk tc rd mu ij lkoZeqk vafdr ugha gksrhA
(5) va'kksa dh gLrkUrj.kh;rkdEiuh osG va'k gLrkUrj.kh; gksrs gSaA
,d lnL; dEiuh osG va'kksa dks lqxerkiwoZd fdlh nwljs O;fDr dks gLrkUrfjr
dj ldrk gSA
iz'u 2. dEiuh osG fofHkUu izdkj crkb,A (State various types
of Company.)
mkjdEifu;ksa dk oxhZdj.k ;k izdkj (Classification or

Types of Companies)dEiuh dk oxhZdj.k fofHkUu izdkj ls fd;k tk
ldrk gS
I. fuekZ.k fof/k osG vk/kkj ij (On the basis of Formation)
fuekZ.k fof/k osG vk/kkj ij dEifu;k rhu izdkj dh gksrh gSa
1. jkT;kKk }kjk fufeZr dEiuhtc fdlh dEiuh dk fuekZ.k jkT;kKk
}kjk gksrk gS rks mls Chartered Company dgrs gSa] tSlsBank of
England, East India Company vkfnA bl izdkj dh dEiuh osG
vf/kdkj dkQh O;kid gksrs gSa tks vU; dEiuh dks izkIr ugha gksrsA
2. oS/kkfud dEiuhtc fdlh ns'k dh laln osG fo'ks"k vf/kfu;e }kjk
fdlh dEiuh dh LFkkiuk dh tkrh gS rks bls oS/kkfud dEiuh (Statutory
Company) dgrs gSaA bldh LFkkiuk jk"Vh; egRo dk dksbZ O;olk; djus osG
fy, dh tkrh gSA bldk nkf;Ro lhfer gksrk gS ijUrq blosG uke osG lkFk ^fyfeVsM*
'kCn dk iz;ksx ugha gksrk] tSlsReserve Bank of India, State Bank
of India, D.V.C., L.I.C., I.D.B.I. vkfnA
3. lekesfyr dEiuhoS/kkfud dEiuh dks NksMd
+ j fofHkUu dEiuh
vf/kfu;eksa osG v/khu lekesfyr lHkh dEifu;k bl izdkj dh gksrh gSaA ,slh
dEifu;ksa dks lekesfyr dEifu;k dgrs gSaA
II. lnL;ksa osG nkf;Ro osG vk/kkj ij (On the basis of Liability of
Members)
lnL;ksa osG nkf;Ro osG vk/kkj ij dEifu;k vxz izdkj dh gksrh gSa
76
1. va'kksa }kjk lhfer dEifu;kbu dEifu;ksa esa lnL;ksa dk nkf;Ro

ik"kZn lhekfu;e osG vuqlkj fu/kkZfjr jkf'k ls vf/kd ugha gksrkA bl izdkj
dh dEifu;ksa dks vius uke osG lkFk ^fyfeVsM* ;k îzkbosV fyfeVsM* 'kCn
fy[kuk iM+rk gSA
2. xkj.Vh }kjk lhfer dEifu;k,slh dEifu;ksa dh fo'ks"krk ;g gS
fd mlosG lnL;ksa dk nkf;Ro mlosG ik"kZn lhekfu;e osG v/khu ,slh jde rd
lhfer gS ftruh fd mlosG lnL;ksa us ik"kZn lhekfu;e esa dEiuh dk lekiu gksus
ij dEiuh dh lEifk esa ls nsuk Lohdkj dj fy;k gksA blesa lnL;ksa dk nkf;Ro
dEiuh osG lekiu osG ckn gh gksrk gS vkSj og Hkh] tcfd lekiu lnL;rk osG
le; vFkok lnL;rk NksMu+ s osG le; ls ,d o"kZ osG Hkhrj gqvk gSA ,slh dEiuh
dh LFkkiuk ykHkksiktZu osG ms'; ls u gksdj dyk] foKku] O;kikj] nku] /keZ
vkfn vykHkizn ms';ksa dks izkRs lkfgr djus osG fy, gksrh gSA ;s dEifu;k va'k&iwt
h
okyh rFkk fcuk va'k&iwth okyh nksuksa izdkj dh gksrh gSaA bu dEifu;ksa dks Hkh
vius uke osG ihNs ^fyfeVsM* ;k îzkbosV fyfeVsM* 'kCn fy[kuk iM+rk gSA
3. vlhfer dEifu;k,slh dEifu;ksa osG lnL;ksa dk nkf;Ro vlhfer
gksrk gSA budh fLFkfr lk>snkjh laLFkk dh Hkkfr gksrh gSA ,slh dEiuh fcuk
va'k&iwth osG fufeZr gks ldrh gSA ;g dEiuh eqkad dj ls eqDr gksrh gS rFkk
vius va'kksa dks Lo;a ; dj ldrh gSA
III. lkekU; turk dh Hkkfxrk (fuos'k) osG vk/kkj ij (On the basis of
Public Investment)
lkekU; turk dh Hkkfxrk (fuos'k) osG vk/kkj ij dEifu;ksa dks nks oxks esa
ckVk tk ldrk gS
1. futh dEiuhbls vyksd dEiuh Hkh dgk tkrk gSA dEiuh
vf/kfu;e dh /kkjk 2(68) osG vuqlkj tks vius vUrfuZ;eksa }kjk
(i) vius va'kksa osG gLrkUrj.k ij jksd yxkrh gS_
(ii) deZpkfj;ksa dks NksMd
+ j lnL;ksa dh la[;k 200 rd lhfer dj nsrh gS_
(iii) dEiuh osG va'kksa ;k .ki=ksa osG fy, turk dks vkefU=r djus ij
izfrcU/k yxkrh gS] mls futh ;k izkbosV dEiuh dgk tkrk gSA
2. lkoZtfud dEiuhdEiuh vf/kfu;e] 2013 dh /kkjk 2(71) osG
vuqlkj] ^yksd dEiuh* dk vk'k; ,slh dEiuh ls gS tks futh dEiuh ugha gS
;kuh lkoZtfud dEiuh og gS ftlosG ij futh dEiuh osG izfrcU/k ykxw ugha
gksrsA bl izdkj dh dEiuh osG lnL; vius va'kksa dk gLrkUrj.k LorU=rkiwoZd
dj ldrs gSa] lnL;ksa dh la[;k ij dksbZ izfrcU/k ugha gS rFkk va'kksa ;k .ki=ksa
dks [kjhnus osG fy, turk dks vkefU=r fd;k tk ldrk gSA lkoZtfud dEiuh
esa lnL;ksa dh U;wure la[;k 7 gksrh gSA
,d lkoZtfud dEiuh lwphc (listed) vFkok vlwphc (unlisted)
gks ldrh gSA
lwph;r vFkok lwphc dEiuhlwphc dEiuh og dEiuh gS tks
vius va'kksa] .ki=ksa vkfn dks fdlh ekU;rk izkIr LVkWd ,Dlpsat ls lEc
dj ysrh gS rkfd mudk ml LVkWd ,Dlpsat esa ;&fo; gks losGA
vlwph;r vFkok vlwphc dEiuhvlwphc dEiuh og dEiuh gS
ftlosG va'k] .ki= vkfn fdlh Hkh LVkWd ,Dlpsat ls lEc ugha gksrsA
IV. LokfeRo osG vk/kkj ij (On the basis of Ownership)
LokfeRo osG vk/kkj ij dEifu;k fuEu izdkj dh gksrh gSa
1. ljdkjh dEiuhdEiuh vf/kfu;e dh /kkjk 2(45) osG vuqlkj ftl
dEiuh dh dqy nk iwth dk de&ls&de 51 izfr'kr Hkkx ljdkj (osGU
ljdkj ;k jkT; ljdkj ;k nksuksa) osG ikl gks] mls ljdkjh dEiuh dgrs gSaA
2. xSj&ljdkjh dEifu;ktks dEifu;k ljdkjh ugha gSa] mUgsa xSj&ljdkjh
dEifu;k dgk tk ldrk gSA Hkkjr esa blh izdkj dh dEifu;ksa dh la[;k
vf/kd gSA
V.
jk"Vh;rk osG vk/kkj ij (On the basis of Nationality)

1. Hkkjrh; dEiuhHkkjrh; dEifu;ksa ls vfHkizk; ,slh dEifu;ksa ls gS
ftudh laLFkkiuk ,oa iathdj.k Hkkjrh; dEiuh vf/kfu;e osG vUrxZr Hkkjr esa
gqvk gksA
2. fons'kh dEiuhfons'kh dEifu;ksa ls vfHkizk; ,slh dEifu;ksa ls gS
ftldk lekesyu Hkkjr osG ckgj gqvk gks ysfdu O;olk; Hkkjr esa gksA
VI. fu;U=.k osG vk/kkj ij (On the basis of Control)
1. lw=/kkjh dEiuh (Holding Company);fn dksbZ dEiuh fdlh
nwljh dEiuh osG 50% ls vf/kd va'kksa dk ; dj ysrh gS vkSj ml ij fu;U=.k
LFkkfir dj ysrh gS rks mls lw=/kkjh dEiuh dgk tkrk gSA
2. lgk;d dEiuh (Subsidiary Company)ml dEiuh dks lgk;d
dEiuh dgk tkrk gS ftlosG ij fdlh nwljh dEiuh dk fu;U=.k gks vFkkZr~ nwljh
dEiuh bl dEiuh osG 50% ls vf/kd va'kksa dk ; dj ysrh gksA
iz'u 3. dEiuh osG izeq[k izys[kksa dk o.kZu dhft,A (Describe the
important documents of a company.)
mkjdEiuh osG izeq[k izys[k (Important Documents of a
Company)dEiuh osG rhu izeq[k izys[k gksrs gSa
(1) ik"kZn lhekfu;e (Memorandum of Association),
(2) ik"kZn vUrfuZ;e (Articles of Association) ,oa
(3) izfooj.k (Prospectus)A
ik"kZn lhekfu;eik"kZn lhekfu;e dEiuh dk vk/kkjHkwr izys[k gksrk gS

ftlesa dEiuh osG dk;Z{ks=] vf/kdkjksa dh lhek] ms'; rFkk iwth vkfn dh iw.kZ
O;k[;k gksrh gSA ;g dEiuh vkSj ck txr osG lEcU/kksa dks lapkfyr djrk gSA
ik"kZn vUrfuZ;eik"kZn vUrfuZ;e esa dEiuh osG ik"kZn lhekfu;e esa
of.kZr ms';ksa dh izkfIr osG fy, ,oa dEiuh osG dk;Z dks lqpk# :i ls pykus osG
fy, fu;eksa rFkk mi&fu;eksa dk mYys[k gksrk gSA ;g dEiuh vkSj va'kkkfj;ksa]
.ki=/kkfj;ksa vkfn osG lEcU/kksa dks lapkfyr djrk gSA ;fn fdlh dEiuh us
vius ik"kZn vUrfuZ;eksa dk fuekZ.k ugha fd;k gS rks dEiuh vf/kfu;e dh izFke
vuqlwph dh lkj.kh ^Q* (Table F) osG fu;e ml dEiuh osG vUrfuZ;e ekus
tk;saxAs
izfooj.kizfooj.k dk vk'k; ,sls izi= ls gS tks dEiuh osG va'kksa ;k
.ki=ksa osG vfHknku vFkok ; djus osG fy, turk ls izLrko vkefU=r djrk
gSA izfooj.k esa dEiuh osG O;olk; dh ykHkiznrk vkSj lqn`<r+ k dk o.kZu gksrk gS
ftlosG vk/kkj ij turk va'k [kjhnus dk izLrko djrh gSA
izfooj.k] dEiuh rFkk va'k/kkfj;ksa osG e/; gksus okys le>kSrs dk vk/kkj
gksrk gSA va'k/kkjh izfooj.k osG vk/kkj ij gh va'kksa dks [kjhnrs gSaA ;fn izfooj.k
esa mUgsa Hkzfer fd;k tkrk gS vFkok xyr rF;ksa dks fNik;k tkrk gS rks os
mu gkfu;ksa osG fy, lapkydksa dks mkjnk;h Bgjk ldrs gSa tks mUgsa mBkuh
iM+h gSa rFkk
va'kksa dks [kjhnus lEcU/kh lafonk dks Hkax fd;k tk ldrk gSA
vr% izfooj.k dks lgh rF;ksa osG lkFk rS;kj fd;k tkuk pkfg,A
(tku&cw>dj) feF;k o.kZu ;k fNik;s x;s rF;ksa osG fy, lEcfU/kr O;fDr;ksa dks
tqekZuk ,oa dkjkokl gks ldrk gSA lapkydksa }kjk gLrk{kfjr izfooj.k dh izfr
dEiuh jftLVkj osG ikl blosG izdk'ku osG fnu ;k iwoZ tek fd;s tkus pkfg,A
izfooj.k osG cnys fooj.k (Statement in Lieu of Prospectus);fn fdlh dkj.ko'k izfooj.k fuxZfer ugha gks ikrk gS rks dEiuh jftLVkj
osG ikl izfooj.k osG cnys fooj.k izLrqr fd;k tkuk pkfg,A izfooj.k osG cnys
fooj.k dks Bhd mlh izdkj rS;kj fd;k tkrk gS ftl izdkj izfooj.k rFkk blesa
yxHkx mUgha fooj.kksa dk lekos'k jgrk gS tks izfooj.k i= esa gksrk gSA
'ksYQ izfooj.k/kkjk 31 (Shelf ProspectusSection 31)
dEiuh vf/kfu;e la'kksf/kr] 2013 dh /kkjk 31 osG vuqlkj] fdlh lkoZtfud
laLFkk] lkoZtfud {ks= osG cSad ;k vuqlwfpr cSad dks ftudk eq[; ms'; vFkZ&
izcU/ku djuk gS] vc 'ksYQ izfooj.k nkf[ky djuk gksxkA 'ksYQ izfooj.k ls

vk'k; ml izfooj.k ls gS tks fdlh fokh; laLFkk ;k cSad }kjk izfrHkwfr;ksa
;k ml izfooj.k esa of.kZr izfrHkwfr;ksa osG oxZ osG ,d ;k vf/kd fuxZeu osG
fy, tkjh fd;s tkrs gSaA ;fn jftLVkj osG ikl 'ksYQ izfooj.k nkf[ky fd;k
tk pqdk gS rks dEiuh dks izfrHkwfr;ksa osG izLrko osG gj pj.k ij u;k izfooj.k
nkf[ky ugha djuk iM+rk gSA
lwpuk ik"kZn (Information Memorandum)lwpuk ik"kZn ls
vk'k; izfooj.k nkf[ky djus osG iwoZ dh izf;k ls gS ftlosG }kjk ,d dEiuh
}kjk izLrkfor izfrHkwfr;ksa osG fuxZeu osG fy, ekx dh vis{kk dh tkrh gS rFkk ,slh
izfrHkwfr;ksa osG fuxZeu dh dher rFkk 'krks dk ewY;kadu fd;k tkrk gSA
iz'u 4. jks'ku da- fy- us ftudh vf/kr iwth ` 30,00,000 gS]
viuh va'k iwth dks 2,00,000 lerk va'k izfr va'k ` 10 rFkk 10,000
vf/keku va'k izfr va'k ` 100 esa ckVk rFkk turk esa fo; osG fy,
60,000 lerk va'k rFkk 8,000 vf/keku va'k dk izLrko fd;kA nksuksa
rjg osG va'kksa ij pqdk;h tkus okyh jkf'k dk fu/kkZj.k fuEu izdkj fd;k
x;kizkFkZuk ij 10%, vkcaVu ij 30%, izFke ekx ij 30% rFkk f}rh;
Solution :
77
,oa vfUre ekx ij 30%A (The Roshan Co. Ltd., which has
been registered with an Authorised Capital of ` 30,00,000
divided into 2,00,000 Equity Shares of ` 10 each and 10,000
Preference Shares of ` 100 each, offered to the public for
subscription 60,000 equity shares and 8,000 preference
shares. The amount payable on both types of shares was
as follows : 10% on application, 30% on allotment, 30% on
first call and 30% on second and final call.)
lHkh va'kksa ij] osGoy 500 lerk va'k ftu ij vfUre ekx dk /ku
rFkk 600 vf/keku va'k ftu ij izFke ,oa vfUre ekx dk /ku izkIr u gks
ldk] jde izkIr dj yh x;hA (All the shares except 500 ordinary
shares on which final call money and 600 preference shares
on which first and final call money was not paid were taken
up and money duly paid.)
dEiuh dh cfg;ksa esa vki jkstukepk rFkk jksdM+ cgh osG ys[ks rS;kj
dhft,A (You are required to pass Journal and Cash Book
entries.)
Journal Entries
Date
Dr.
Particulars
L.F. Amount
`
Equity Share Application A/c

To Equity Share Capital A/c
Dr.
Cr.
Amount
`
60,000
60,000
(For application money on 60,000 equity shares at ` 1 per share transferred to Equity Share
Capital A/c)
Preference Share Application A/c

To Preference Share Capital A/c
Dr.
80,000
80,000
(For transfer of application money on 8,000 preference shares at ` 10 per share to Preference
Share Capital A/c)
Equity Share Allotment A/c

Dr.
1,80,000
1,80,000
(For amount due on 60,000 equity shares at ` 3 per share)
Preference Share Allotment A/c

Dr.
2,40,000
2,40,000
(For amount due on 8,000 preference shares at ` 30 per share)
Equity Share First Call A/c

Dr.
1,80,000
1,80,000
Preference Share first Call A/c

Dr.
2,40,000
2,40,000
Equity Share Second & Final Call A/c

Dr.
1,80,000
1,80,000
Preference Share Second & Final Call A/c

Dr.
2,40,000
2,40,000
Dr.
Cash Book
Particulars
Amount
Particulars
To Equity Share Application A/c

To Preference Share Application A/c
To Equity Share Allotment A/c
60,000
80,000
1,80,000
Cr.
Amount
`
By Balance c/d
13,62,500
78
To Preference Share Allotment A/c

To Equity Share First Call A/c
To Preference Share First Call A/c
To Equity Share Second and Final Call A/c
To Preference Share Second and Final Call
A/c
To Balance b/d
` 2
2,40,000
1,80,000
2,22,000
1,78,500
2,22,000
13,62,500
13,62,500
iz'u 5. # dEiuh fyfeVsM us ` 10 izR;sd okys 35,000 lerk va'k

vf/kykHk ij tkjh fd;s ftu ij ns; jkf'k;k fuEuor~ gSa (Rudra
Company Limited issued 35,000 equity shares of ` 10 each

at a premium of ` 2 payable as follows) : (B.S.E.B., 2014)
vkosnu ij
`3
`3
On Application
vkcaVu ij
` 5 (vf/kykHk lfgr)
On Allotment
` 5 (Including Premium)
Solution :
13,62,500
'ks"k izFke ,oa vfUre ekx ij (Balance on First and Final

Call)
va'kksa dk iw.kZ :i ls vfHknku fd;k x;k Fkk rFkk leLr jkf'k dks
izkIr fd;k x;k FkkA # dEiuh fyfeVsM dh iqLrdksa esa jkstukepk
izfof"V;k dhft,A (The issue was fully subscribed and all the
money was duly received. Record Journal entries in the
books of Rudra Company Limited.)
(NCERT)
In the Books of Rudra Company Limited

Journal Entries
Date
Dr.
Particulars
L.F. Amount
`
Bank A/c
To Equtiy Share Application A/c
Dr.
Cr.
Amount
`
1,05,000
1,05,000
(Being equity share application money received on 35,000 equity shares @ ` 3 per share)

Dr.
1,05,000
1,05,000
(Being equity share application money received on 35,000 equity shares @ ` 3 per share
transferred to Equity Share Application A/c)

Dr.
1,75,000
1,05,000
70,000
(Being equity share allotment money due on 35,000 equity shares @ ` 5 per share including
premium @ ` 2 per share)
Bank A/c
Dr.
1,75,000
1,75,000
(Being equity share allotment money received on 35,000 equity shares @ ` 5 per share including
premium)
Equity Share First and Final Call A/c

Dr.
1,40,000
1,40,000
(Being equity share first and final call money due on 35,000 equity shares @ ` 4 per share)
Bank A/c
To Equity Share First and Final Call A/c
Dr.
1,40,000
1,40,000
(Being equity share first and final call money received on 35,000 equity shares @ ` 4 per share)
iz'u 6. veu fy- us ` 10 izfr va'k vafdr ewY; osG 1,00,000 lerk
va'kksa dks ` 12 dh nj ls turk dks [kjhnus osG fy, vkefU=r fd;k gSA
va'kksa ij ns; jkf'k;k bl izdkj gSa (Aman Ltd. offered 1,00,000
equity shares of nominal value ` 10 each for public
subscription at ` 12. The amounts payable on the shares
were) :
`
vkosnu ij (On Application)
4.50
izhfe;e lfgr vkcaVu ij [On Allotment

(including Premium)]
4.50
izFke ,oa vfUre ;kpuk ij (On First and Final

Call)
3.00
okLrfod vkosnu 90,000 va'kksa osG fy, vk;sA va'k/kkfj;ksa }kjk ns;
leLr jkf'k izkIr gqbZ] osGoy Jh lq/kkdj us ftUgksaus 100 va'k ys j[ks gSa]
izFke ,oa vfUre ;kpuk dk Hkqxrku ugha fd;k gSA muosG va'kksa dks tCr
djosG izHkkdj dks dVkSrh ij ` 6 izfr va'k dh nj ls fuxZfer fd;kA
79
(The actual subscription was only for 90,000 shares. All money payable by shareholders was received except from Mr.
Sudhakar who had taken 100 shares but failed to pay the first and final call. His shares were forfeited and re-sold at a
discount and re-issued to Prabhakar at ` 6 each.)
dEiuh dh cfg;ksa esa jkstukepk izfof"V;k fn[kkb;s rFkk dEiuh dk fpk cukb;sA (Show Journal entries in the books of the
company and prepare the Balance Sheet of the company.)
(J.A.C., 2007, 11)
Solution :
Journal Entries
Date
Dr.
Particulars
L.F. Amount
`
Bank A/c
Dr.
Cr.
Amount
`
4,05,000
4,05,000
(For application money received on 90,000 shares at @ ` 4.50 per share)

Dr.
4,05,000
4,05,000
Share Allotment A/c

Dr.
4,05,000
2,25,000
1,80,000
(For share allotment money and premium on shares due on 90,000 shares at ` 2.50 and ` 2 per
share respectively)
Bank A/c
Dr.
4,05,000
4,05,000
(For allotment money received on 90,000 shares)
Share First & Final Call A/c

Dr.
2,70,000
2,70,000
(For first and final call money due on 90,000 shares at ` 3 per share as per Board's Resolution
dated....)
Bank A/c
To Share First & Final Call A/c
Dr.
2,69,700
2,69,700
(For first and final call money received except 100 shares)
Share Capital A/c

To Share First and Final Call A/c
Dr.
1,000
700
300
(For forfeiture of 100 shares for non-payment of first and final call)
Bank A/c
Dr.
Dr.
600
400
1,000
(For the reissue of 100 shares at ` 6 each as fully paid)

Dr.
300
300
(For transfer of the balance on Forfeited Shares A/c to Capital Reserve A/c)
Balance Sheet of Aman Ltd.

(as on.......)
I. Equity and Liabilities
(a) Share Capital
(b) Reserves and Surplus
Note No.
1
2
9,00,000
1,80,300
10,80,300
80
II. Assets
Current Assets :
Cash and Cash Equivalents
(Cash at Bank)
10,80,300
10,80,300
Notes to Accounts
1. Share Capital :
Issued Capital :
1,00,000 Shares of ` 10 each
Subscribed, Called and Paid-up Capital :
90,000 Shares of ` 10 each, fully called and paid-up
2. Reserves and Surplus :
Securities Premium
Capital Reserve
10,00,000
9,00,000
1,80,000
300
1,80,300
iz'u 7. eksuh fyfeVsM us izfr va'k ` 2 izhfe;e ij ` 10 izfr va'k osG 40,000 va'kksa dks lkoZtfud vfHknku osG fy, fuxZfer fd;k] va'k jkf'k
fuEu izdkj ls ns; Fkh % vkosnu ij ` 4 izfr va'k] vkcaVu ij ` 5 izfr va'k (izhfe;e lfgr) vkSj ;kpuk ij ` 3 izfr va'kA (Moni Ltd. issued for
public subscription 40,000 Equity Shares of ` 10 each at a premium of ` 2 per share payable as under : on application ` 4
per share; on allotment ` 5 per share (including premium) and on call ` 3 per share.)
60,000 va'kksa osG fy, vkosnu izkIr gq,A 48,000 va'kksa osG fy, vkosndksa dks lekuqikfrd nj ls vkcafVr fd;k x;k] 'ks"k vkosnuksa dks vLohdkj
dj fn;k x;kA vkosnu ij izkIr vf/kd jkf'k dk mi;ksx vkcaVu ij ns; jkf'k osG fy, fd;k x;kA Jh mes'k us] ftUgsa 1,500 va'k vkcafVr fd;s x;s]
vkcaVu vkSj ;kpuk jkf'k dk Hkqxrku ugha fd;k vkSj Jh gqlSu ftUgsa 2,000 va'k vkcafVr fd;s x;s Fks] us ;kpuk jkf'k dk Hkqxrku ugha fd;k] ;s va'k
tCr dj fy, x;sA ;s lHkh tCr va'k ` 8 izfr va'k dh nj ls iw.kZ&iznk :i esa Jh cuthZ dks iqu% tkjh fd;s x;sA mi;qZDr ysu&nsuksa dks fy[kus osG fy,
tuZy izfof"V;k fn[kkb;sA (Application were received for 60,000 shares. Allotment was made pro-rata to the applicants for
48,000 shares, the remaining applications being refused. Money over paid on application was utilised towards sums due
on allotment. Shri Umesh, to whom 1,500 shares were alloted, failed to pay the allotment and call money and Shri
Hussain, to whom 2,000 shares were alloted, failed to pay call money. These shares were forfeited. All the forfeited
shares were sold to Shri Banerjee as fully paid-up at ` 8 per share. Show the Journal entries to record the above
transactions.)
Solution :
Journal Entries
Date
Dr.
Particulars
L.F. Amount
`
Bank A/c
To Equity Share Application A/c
Dr.
Cr.
Amount
`
2,40,000
2,40,000
(For application money received on 60,000 shares @ ` 4 per share)

To Bank A/c (12,000 ` 4)
Dr.
2,40,000
1,60,000
32,000
48,000
(For transfer of application money on 40,000 shares, refund of 12,000 shares and balance utilised
for adjustment on allotment)

Dr.
2,00,000
1,20,000
80,000
(For allotment due on 40,000 shares @ ` 5 per share)
Bank A/c
(For Allotment money received except on 1,500 shares of Umesh)
Dr.
1,61,700
1,61,700
.ki=ksa dk fuxZeu
Equity Share First & Final Call A/c
81
Dr.
1,20,000
1,20,000
(For first and final call due on 40,000 shares @ ` 3 per share)
Bank A/c
To Equity Share First & Final Call A/c
Dr.
1,09,500
1,09,500
(For first and final call received except on 3,500 shares @ ` 3 per share)
Equity Share Capital A/c

Securities Premium A/c
To Equity Share First & Final Call A/c
To Share Forfeiture A/c
Dr.
Dr.
35,000
3,000
6,300
10,500
21,200
(For the forfeiture of 3,500 shares)
Bank A/c
Share Forfeiture A/c
Dr.
Dr.
28,000
7,000
35,000
(For the re-issue of 3,500 shares at ` 8 per share)
Share Forfeiture A/c

Dr.
14,200
14,200
(For the balance of Share Forfeiture A/c transferred to Capital Reserve A/c)
10
.ki=ksa dk fuxZeu
[ISSUE OF DEBENTURES]

1234567890123456789
cgqfodYih; iz'u (Multiple Choice Questions)1234567890123456789

1. .ki= gS (Debenture is a) :
(B.S.E.B., 2010)
(a) .k dk izek.k&i= (Loan certificate)
(b) udn dk izek.k&i= (Cash certificate)
(c) lk[k dk izek.k&i= (Credit certificate)
2. .ki=/kkjh gksrs gSa (Debentureholders are the) :
(B.S.E.B., 2011)
(a) dEiuh osG xzkgd (Customers of the Company)
(b) dEiuh osG ekfyd (Owners of the Company)
(c) dEiuh osG ysunkj (Creditors of the Company)
3. cSad ls fy;s x;s .k osG fy, .ki=ksa dks lgk;d izfrHkwfr osG :i esa
fuxZeu fd;s tkus ij fdl [kkrs dks MsfcV fd;k tk;sxk (In case of
issue of debentures as a collateral security for loan

from the bank which account will be debited) :
(a) cSad [kkrk (Bank Account)
(b) cSad .k [kkrk (Bank Loan Account)
(c) .ki= [kkrk (Debentures Account)
(d) .ki= mpUrh [kkrk (Debentures Suspense Account)
4. ;fn fosrkvksa dks ` 5,00,000 dh 'kq lEifk;ksa osG izfrQy osG cnys
` 4,50,000 osG .ki= fuxZfer fd;s tkrs gSa rks 'ks"k ` 50,000 fdl
[kkrs esa sfMV fd;s tk;saxs (If debentures of ` 4,50,000 are
issued for the consideration of net assets of ` 5,00,000,
balance ` 50,000 will be credited to) :
(a) ykHk&gkfu [kkrk (Profit and Loss A/c)
(b) [;kfr [kkrk (Goodwill A/c)
(c) lkekU; lap; [kkrk (General Reserve A/c)
(d) iwth lap; [kkrk (Capital Reserve A/c)
5. .ki= tks fd ek= lqiqnZ dj nsus ij gLrkUrfjr gks tkrs gSa] dgs tkrs gSa
(Debentures which are transferred by mere delivery
are called) :
(a) iathr .ki= (Registered Debentures)
(b) izFke .ki= (First Debentures)
(c) okgd .ki= (Bearer Debentures)
82
6.
7.
8.
9.
10.
11.
12.
13.
,d dEiuh osG vkfFkZd fps esa] .ki=ksa 'kh"kZd osG vUrxZr fn[kk;k tkrk
gS (In the Balance Sheet of a Company, Debentures are
shown under the head) :
(a) vlqjf{kr .k (Unsecured Loans)
(b) nh?kZdkyhu .k (Long-term Loans)
(d) lap; ,oa vf/k'ks"k (Reserve and Surplus)
T fyfeVsM us U fyfeVsM ls ` 2,00,000 osG ewY; dh tehu rFkk bekjr
; dhA bldk Hkqxrku djus osG fy, T fyfeVsM us 12% osG .ki=ksa
(` 100 izfr .ki=) dks 20% NwV ij fuxZfer fd;kA .ki= [kkrk
dks fdrus ls sfMV fd;k tk;sxk\ (T Ltd. purchased land and
building worth ` 2,00,000. For making its payment, T
Ltd. issued 12% debentures of ` 100 each at a discount
of 20%. By what amount Debentures Account will be
credited ?) :
(a) ` 2,00,000
(b) ` 2,50,000
(d) ` 1,60,000
(c) ` 2,40,000
Z fyfeVsM us ` 4,00,000 ewY; dh ,d e'khu [kjhnh] izfrQy dk
Hkqxrku ` 100 okys 12% .ki=ksa dk 25% izhfe;e ij fuxZfer fd;kA
.ki= [kkrk dks --------- ls sfMV fd;k tk;sxk (Z Ltd. purchased
machinery worth ` 4,00,000; The consideration was
paid by issue of 12% Debentures of ` 100 each at a
premium of 25%. 12% Debentures A/c will be credited
by) :
(a) ` 3,20,000
(b) ` 5,00,000
(c) ` 80,000
(d) ` 3,00,000
.ki=ksa ij ns; C;kt gS (Interest payable on debentures is) :
(a) dEiuh osG ykHkksa dk ,d fofu;kstu (An appropriation of profits of the company)
(b) dEiuh osG ykHkksa osG fo# ,d izHkkj (A charge against profits of the company)
(c) flfdax Q.M esa gLrkUrj.k (Transfer to Sinking Fund)
.ki=ksa dks --------- ij foeksfpr ugha fd;k tk ldrk (Debentures
cannot be redeemed at) :
(a) izhfe;e (Premium)
(b) ck (Discount)
(c) le (Par)
.ki= (izfrfuf/kRo) djrk gS (Debentures represent)
(a) lapkyd dk dEiuh esa fgLlk (Director's Share in a Company)
(b) lerk va'k/kkfj;ksa }kjk fuos'k (Investments by Equity Shareholders)
(c) O;olk; dk nh?kZdkfyd .k (Long-term Debt of the Business)
.ki=ksa ij C;kt gksrk gS (Debentures carries interest is)
(B.S.E.B., 2013)
(a) 12% okf"kZd (12% p.a.)
(b) fuf'pr nj (Fixed Rate)
(c) 20% okf"kZd (20% p.a.)
(d) 6% okf"kZd (6% p.a.)
lk/kkj.kr;k .ki= gksrs gSa (Generally debentures are)
(a) lqjf{kr (Secured)
(b) vlqjf{kr (Unsecured)
(c) va'kr lqjf{kr (Partly Secured)

14. .ki=ksa ds fuxZeu ij vf/kewY; gS (Premium on issue of debentures is)
(a) vk;xr izkfIr (Revenue Receipt)
(b) ykHk (Profit)
(c) iwthxr izkfIr (Capital Receipt)
(d) mijksDr lHkh (All of these)
15. dEiuh ds fy, .ki=ksa ds fuxZeu ij dVkSrh gS (For a company
discount on issue of debentures is)
(a) iwthxr gkfu (Capital Loss)
(b) vk;xr gkfu (Revenue Loss)
(c) lkekU; gkfu (General Loss)
16. ^.ki=ksa ds fuxZeu ij vf/kykHkksa* dks vkFkd fps esa fn[kk;k tkrk gS
(Premium on issue of debentures is shown in the
Balance Sheet on)
(a) lEifk i{k esa (Assets side)
(b) nkf;Ro i{k esa (Liabilities side)
(c) buesa ls dksbZ ug (None of these)
17. .ki=ksa ij dVkSrh dks vkFkd fps esa fn[kk;k tkrk gS (Discount on
Debentures is shown in the Balance Sheet on)
(a) lEifk i{k esa (Assets side)
(b) nkf;Ro i{k esa (Liabilities side)
(c) buesa ls dksbZ ug (None of these)
18. .ki= ij C;kt dh nj gksrh gS (Rate of interest on debentures is)
(a) 12% p.a.
(b) 20% p.a.
(c) fuf'pr nj (Fixed Rate) (d) 15% p.a.
19. .ki=ksa ds fuxZeu dh n'kk esa vf/kxksiu deh'ku ug c<+ ldrk gS
(Underwritting Commission on Issue of Debentures
cannot exceed)
(C.P.T., 2006 Nov.)
(a) 2%
(b) 2.5%
(c) 3%
(d) 5%
20. F Ltd. us ` 4,00,000 ewY; dh e'khu [kjhnhA izfrQy dk Hkqxrku
izR;sd ` 100 okys 10% .ki= 20% dh dVkSrh ij fuxZeu }kjk fd;k
x;kA .ki= [kkrk dks sfMV fd;k tk;sxk (F Ltd. purchased
machinery for a book value of ` 4,00,000. The consideration was paid by issue of 10% Debentures of ` 100
each at a discount of 20%. The Debenture Account will
be credited by)
(C.P.T., 2006 Nov.)
(a) ` 4,00,000
(b) ` 5,00,000
(c) ` 3,20,000
(d) ` 4,80,000
21. .ki=/kkjh izkIr djrk gS (Debentureholder gets)
(B.S.E.B., 2013)
(a) ykHkka'k (Dividend)
(b) ykHk (Profit)
(c) C;kt (Interest)
(d) C;kt LFkk;h nj ls (Interest at fixed rate)
22. .ki=ksa ds fuxZeu ij gkfu dks lkekU;r% ---------- esa vifyf[kr fd;k
tkrk gS (Loss on issue of debentures is generally written
off in)
(C.P.T., 2007 May; 2008 Dec.)
.ki=ksa dk fuxZeu
(a) 5 o"kZ (5 Years)
(b) 10 o"kZ (10 Years)
(c) 15 o"kZ (15 Years)
(d) 'kks/ku dh vof/k rd (Over the period of redemption)
23.
tc .ki=ksa dks lgk;d izfrHkwfr ds :i esa tkjh fd;k tkrk gS rks dkSu&lh
izfof"V djuh iM+rh gS (When debentures are issued as collateral security, which entry has to be passed)
(C.P.T., 2007 Nov.)
(a) Debenture Suspense A/c
Dr.
To Debentures
(b) dksbZ izfof"V ug dh tkrh gS (No entry has to be made)
(c) (a) vFkok (b) (a or b)
24.
tc .ki=ksa dks lgk;d izfrHkwfr ds :i esa tkjh fd;k tkrk gS rks C;kt
fn;k tkrk gS (When debentures are issued as colateral
security, interest is paid on)

(a) .ki=ksa ds cktkj ewY; ij (Market Value of Debentures)
(b) .ki=ksa ds vafdr ewY; ij (Face Value of Debentures)
(c) .ki=ksa dk cV~Vkr ewY; ij (Discounted Value of Debentures)
25. .ki=/kkfj;ksa dks dEiuh dk ---------- dgk tkrk gS (Debentureholders are called..........of the company)
(C.P.T., 2010 June)
(a) ysunkj (Creditors)
(b) nsunkj (Debtors)
(c) Lokeh (Owners)
(d) cdj (Bankers)
26. ,d dEiuh us 1,00,000 12% .ki=ksa dks izR;sd ` 100 ds] fuxZfer
fd;kA .ki=ksa ij C;kt dh jkf'k gksxh (A company issued
1,00,000 12% debentures of ` 100 each. The amount
of interest on debentures will be)
(a) ` 12,000
(b) ` 1,20,000
(c) ` 12,00,000
27. .ki=ksa ds 'kks/ku ij izhfe;e [kkrk gS (Premium on redemption of debentures account is)
(a) ,d okLrfod [kkrk (A real account)
(b) ,d vokLrfod [kkrk&vk; (A nominal account-income)
(c) ,d O;fDrxr [kkrk (A personal account)
mkj
83
(d)
28.
,d vokLrfod [kkrk&O;; (A nominal account-expenditure)

.ki= izhfe;e ---------- ds fy, iz;ksx fd;k tk ldrk gS (Deben-
ture premium can be used to)

(a) va'kksa ;k .ki=ksa ds fuxZeu ij cs ds viys[ku (Write off the
discount on issue of shares or debentures)
(b) va'kksa ;k .ki=ksa ds 'kks/ku ij izhfe;e ds viys[ku (Write off the
premium on redemption of shares or debentures)
(c) iwthxr gkfu ds viys[ku (Write off capital loss)
29. fuEu esa ls dkSu vlR; gS\ (Which of the following is false ?)
(a) ,d dEiuh 'kks/; .k&i= tkjh dj ldrh gSA (A company
can issue redeemable debentures.)
(b) ,d dEiuh erkf/kdkj ds lkFk .k&i= tkjh dj ldrh gSA (A
company can issue debentures with voting rights.)
(c) ,d dEiuh vius va'kksa dk ; dj ldrh gS (A company can
buy its own shares.)
(d) ,d dEiuh vius gh .k&i=ksa dks [kjhn ldrh gS (A company
can buy its own debentures.)
30. .ki= Hkkx gksrk gS (Debenture is the part of)
(a) va'k iwth dk (Share Capital)
(b) .ki= dk (Loan)
(c) LokfeRo iwth dk (Owned Capital)
(d) ysunkj dk (Creditor)
[mkj : 1. (a), 2. (c), 3. (d), 4. (d), 5. (c), 6. (b), 7. (b), 8. (a),
9. (b), 10. (b), 11. (c), 12. (b), 13. (a), 14. (c),
15. (a), 16. (b), 17. (b), 18. (c), 19. (d), 20. (b), 21. (d),
22. (d), 23. (c), 24. (b), 25. (a), 26. (c), 27. (d), 28. (d),
29. (b), 30. (b)]

1234567890123
1234567890123
iz'u 1. va'k ,oa .ki= esa vUrj crkb,A (Distinguish between

Shares and Debentures.)
mkjbl iz'u osG mkj osG fy, v/;k; 9 osG y?kq mkjh; iz'u la[;k 3
dk mkj ns[ksaA
iz'u 2. va'k/kkjh rFkk .ki=/kkjh esa dksbZ rhu vUrj crkb,A (State
any three differences between shareholders and
debentureholders.)
(B.S.E.B., 2014)
va'k/kkjh ,oa .ki=/kkjh esa vUrj

(Distinction between Shareholder and Debentureholder)
- la1.
vk/kkj (Basis)
2.
fLFkfr
fuos'k ij vk;
3.
ernku dk vf/kdkj
va'k/kkjh (Shareholder)
va'k/kkjh dEiuh ds LOkkeh gksrs gSaA
va'k/kkfj;ksa dks ykHk esa ls ykHkka'k (Dividend) fn;k
tkrk gSA
va'k/kkfj;ksa dks dEiuh dh vke lHkk@lk/kkj.k lHkk esa
oksV nsus dk vf/kdkj gSA
iz'u 3. .ki= osG fofHkUu izdkjksa dk o.kZu djsaA (Explain

different kinds of Debentures.)
mkj.ki=ksa osG izeq[k izdkj fuEufyf[kr g

(1) jftLVMZ .ki= (Registered Debenture)bu .ki=ksa osG
/kkjdksa dk uke dEiuh osG ,d jftLVj esa ntZ fd;k tkrk gSA bu .ki=ksa ij
.k&i=/kkjh (Debentureholder)
.ki=/kkjh dEiuh ds ysunkj gksrs gSaA
.ki=/kkfj;ksa dks ,d fuf'pr nj ls C;kt fn;k tkrk
gS] pkgs ykHk gks ;k gkfuA
.ki=/kkfj;ksa dks dEiuh dh vke lHkk esa oksV nsus dk
vf/kdkj ugha gSA
C;kt rFkk ewy/ku dk Hkqxrku osGoy mUg O;fDr;ksa dks fd;k tkrk gS ftudk
uke dEiuh osG jftLVj esa ntZ jgrk gSA bl .ki= dk LorU= :i ls gLrkUrj.k
ugha gksrk gSA
(2) okgd .ki= (Bearer Debenture)bl .ki= ij C;kt
vkSj ewy/ku dk Hkqxrku .ki= osG okgd dks fn;k tkrk gSA
84
(3) jf{kr vFkok cU/kd .ki= (Secured or Mortgage Debenture);s os .ki= gksrs g ftuosG Hkqxrku osG fy, ;k rks dEiuh dh oqGN
fo'ks"k lEifk;k cU/kd gksrh g ftls LFkk;h izHkkj (Fixed Charge) dgrs g
;k lHkh lEifk;k cU/kd osG :i esa gksrh g ftls py izHkkj (Floating Charge)
dgrs gA C;kt ;k ewy/ku osG Hkqxrku esa =qfV dh n'kk esa dEiuh cUkd dh
lEifk dk fo; ug dj ldrh gSA
(4) vjf{kr ;k uXu .ki= (Unsecured or Naked Debenture);s os .ki= g ftu ij ewy/ku ;k C;kt osG Hkqxrku osG fy, dEiuh dh
lEifk;k cU/kd osG :i esa ug gksrh gA
(5) 'kks/; .ki= (Redeemable Debentures);s os .ki= g
ftudk Hkqxrku ,d fuf'pr le;&lhek osG vUnj dEiuh vius thoudky esa
gh ,deq'r ;k fd'rksa esa dj nsrh gA
(6) v'kks/; .ki= (Irredeemable Debenture)bl .ki=
osG ewy/ku dk Hkqxrku dEiuh osG thoudky esa u gksdj blosG lekiu ij gh
gksrk gSA
Solution :
Date
(7) ifjorZu'khy .ki= (Convertible Debenture)bl .ki=

dks .ki=/kkjh viuh ethZ ls ,d fuf'pr le;&lhek osG vUnj fuxZeu dh
'krks osG vuqlkj lerk va'kksa esa ifjorr djk ldrs gA
(8) vifjorZu'khy .ki= (Non-convertible Debentures)
,sls .ki=ksa dks fdlh Hkh n'kk esa lerk va'kksa esa ifjorr ug djk;k tk
ldrk gSA
iz'u 4. lR;e fyfeVsM us 15,000 .ki= izfr ` 10 ij tkjh fd;s
tksfd bl izdkj ns; gSa (Satyam Ltd. issued 15,000 debentures
of ` 10 each, payable as follows) :
` 2 vkosnu ij (` 2 on Application)
` 3 vkcaVu ij (` 3 on Allotment)
` 5 izFke ,oa vfUre ekx ij (` 5 on First and Final Call)
lHkh .k&i= fuxZfer ,oa vkcafVr fd;s x;sA ns; jkf'k izkIr dj yh x;hA
vko';d jkstukepk izfof"V;k dhft,A (All the debentures were
applied for and allotted. All money due were received. Pass
necessary Journal entries.)
Journal Entries
Dr.
Particulars
L.F. Amount
`
Bank A/c
To Debenture Application A/c
Dr.
Cr.
Amount
`
30,000
30,000
(For application money on 15,000 Debentures @ ` 2 per debenture received)
Debenture Application A/c

To Debentures A/c
Dr.
30,000
30,000
(For application money transferred to Debentures A/c)
Debenture Allotment A/c

To Debentures A/c
Dr.
45,000
45,000
(For allotment money due on 15,000 Debentures @ ` 3 per debentures)
Bank A/c
To Debenture Allotment A/c
Dr.
45,000
45,000
Debentures First & Final Call A/c

To Debentures A/c
Dr.
60,000
60,000
(For first and final call money due on 15,000 debentures @ ` 5 per debenture)
Bank A/c
To Debenture First & Final Call A/c
Dr.
60,000
60,000
(For first and final call money received)
iz'u 5. 'kjn fyfeVsM us turk dks vfHknku gsrq ` 100 izfr .ki= okys 1,000 .ki= fuxZfer fd;s tks ` 30 izfr .ki= vkosnu ij]
` 50 izfr .ki= vkcaVu ij rFkk 'ks"k ;kpuk ij ns; FksA 800 .ki=ksa osG fy, vkosnu&i= izkIr gq, vkSj bUgsa fuxZfer dj fn;k x;kA lHkh ;kpuk,
dh x;ha vkSj mu ij ns; jkf'k;k izkIr gks x;haA jksdM+ cgh rFkk tuZy fn[kk;saA (Sharad Ltd. offered for public subscription 1,000
debentures of ` 100 each payable as ` 30 per debenture on application, ` 50 per debenture on allotment and the balance
on a call. Applications were received for 800 debentures and these were issued. All the calls were duly made and money
due thereon realised in full. Show the Cash Book and Journal.)
Solution :
Journal Entries
Dr.
Cr.
Date
Particulars
L.F. Amount
`
Debenture Application A/c

To Debentures A/c
(For the application money on 800 debentures transferred to Debentures A/c)
Dr.
Amount
`
24,000
24,000
.ki=ksa dk fuxZeu
85
Debenture Allotment A/c

To Debentures A/c
Dr.
40,000
40,000
(For allotment money due on 800 debentures @ ` 50 per debenture)
Debenture Call A/c

To Debentures A/c
Dr.
16,000
16,000
(For call money due on 800 debentures @ ` 20 per debenture)
Dr.
Date
Cash Book (Bank Column)

Particulars
L.F. Amount
Date
Cr.
Particulars
L.F.
To Debenture Application A/c
Amount
`
By Balance c/d
80,000
(Application money received on
24,000
800 debentures @ ` 30 each)
To Debenture Allotment A/c

(Allotment money received on 800
40,000
debentures @ ` 50 each)
To Debenture Call A/c

16,000
80,000
(Call money received @ ` 20 each)
80,000
iz'u 6. eksuk fy- us ` 100 okys 4,000, 8% .ki= 10% izhfe;e ij fuxZfer fd;s ftu ij ` 20 vkosnu ij ,oa 'ks"k izhfe;e lfgr vkcaVu
ij ns; FksA ` 500 .ki=ksa osG fuxZeu ij O;; gq,A dEiuh dh iqLrdksa esa tuZy osG vko';d ys[ks dhft,A
Mona Ltd. issued 4,000, 8% Debentures of ` 100 each at a premium of 10%, payable ` 20 on application and the
balance with premium on allotment. Expenses on issue of debentures amounted to ` 500. Pass the necessary Journal
entries in the books of the company.
(U.S.E.B., 2011, 12)
Solution :
Journal Entries
Dr.
Cr.
Date
Particulars
L.F. Amount
`
Bank A/c
To 8% Debenture Application A/c
Dr.
Amount
`
80,000
80,000
(For application money received on 2,000 debentures @ ` 20 each)
8% Debenture Application A/c

To 8% Debentures A/c
Dr.
80,000
80,000
(For transfer of application money to Debentures A/c)
8% Debenture Allotment A/c

Dr.
3,60,000
3,20,000
40,000
(For allotment money due on 2,000 debentures together with premium)
Bank A/c
To 8% Debenture Allotment A/c
Dr.
3,60,000
3,60,000
Expenses on Issue of 8% Debentures A/c

To Bank A/c
Dr.
500
500
(For payment of expenses on issue of debentures)

To Expenses on Issue of 8% Debentures A/c
(For expenses written off)
Dr.
500
500
86
1234567890123
1234567890123
iz'u 1. dkty fyfeVsM us izR;sd ` 100 okys 5,000, 10%

.ki=ksa dks izfr .ki= ` 10 izhfe;e ij fuxZfer fd;k tks bl izdkj
ns; gS (Kajal Ltd. issued 5,000, 10% debentures of ` 100 each,
izFke ,oa vfUre ;kpuk ij (On First and Final Call)

` 40
.ki= iw.kZr% vfHknk gq, vkSj lEiw.kZ jkf'k ;Fkkor~ izkIr gqbA dEiuh dh
iqLrdksa esa vko';d jkstukepk izfof"V;k dhft,A fLFkfr&fooj.k esa jkf'k;k
fdl izdkj n'kkZ;h tk;saxh] fn[kk;saA
at a premium of ` 10 per debenture payable as follows) :

` 25
vkcaVu ij (On Allotment)
` 45
(izhfe;e lfgr) (including premium)
(The debentures were fully subscribed and all money

was duly received. Record the necessary entries in the books
of the company. Show how the amounts will appear in Balance Sheet.)
(NCERT)
Solution :
Books of Kajal Limited

Journal Entries
Date
Dr.
Particulars
L.F. Amount
`
Bank A/c
To 10% Debentures Application A/c
Dr.
Cr.
Amount
`
1,25,000
1,25,000
(Being application money on 10% debentures received)
10% Debentures Application A/c

Dr.
1,25,000
1,25,000
(Being transfer of application money on allotment)
10% Debentures Allotment A/c

Dr.
2,25,000
1,75,000
50,000
(Being allotment money due on debentures including the premium)
Bank A/c
To 10% Debentures Allotment A/c
Dr.
2,25,000
2,25,000
(Being allotment money received)
10% Debentures First & Final Call A/c

Dr.
2,00,000
2,00,000
(Being first and final and final call money due on debentures)
Bank A/c
Dr.
2,00,000
2,00,000
(Being first and final call money received)
Balance Sheet of Kajal Ltd.

(as on .........)
Reserves & Surplus (Securities Premium)
Non-current Liabilities :
Long-term Borrowings (10% Debentures)
Assets
Current Assets :
(Cash at Bank)
Note No.
50,000
5,00,000
5,50,000
`
5,50,000
5,50,000
iz'u 2. 'osrk fyfeVsM us izR;sd ` 100 okys 2,000, 8% .ki=ksa dk fuxZeu fd;k ftu ij ` 20 izkFkZuk ij vkSj ckdh vkcaVu ij ns; FksA 3,000
.ki=ksa osG fy, vkosnu&i= izkIr gq, ftuesa ls 1,800 .ki=ksa osG fy, izkIr vkosnuksa dks iw.kZr% vkcafVr fd;k x;kA 800 osG fy, izkFkZuk&i=ksa dks
200 .ki= vkcafVr fd;s x;s rFkk 'ks"k dks j dj fn;k x;kA lHkh jkf'k;k izkIr gks x;haA (Shweta Ltd. issued 2,000, 8% Debentures of
` 100 each, payable as to ` 20 on application and balance on allotment. Applications were received for 3,000 debentures
out of which applications for 1,800 were allotted fully. Applications for 800 were allotted 200 debentures and the remaining
rejected. All sums due were received.)
.ki=ksa dk fuxZeu
87
'osrk fyfeVsM dh iqLrdksa esa tuZy izfof"V;k dhft,A fpk Hkh fn[kk;saA (Journalise these transactions in the books of Shweta
Ltd. Also show the Balance Sheet.)
Solution :
Journal Entries in the Books of Shweta Ltd.
Date
Dr.
Particulars
L.F. Amount
`
Bank A/c
To 8% Debenture Application A/c
Dr.
Cr.
Amount
`
60,000
60,000
(For application money received on 3,000 debentures @ ` 20 each)

To Bank A/c
Dr.
8,000
8,000
(For application money on 400 debentures @ ` 20 per debenture returned)

Dr.
52,000
40,000
12,000
(For transfer of application money on 2,000 debentures to 8% Debentures A/c and excess
application money received on 600 debentures adjusted to 8% Debenture Allotment A/c)
8% Debenture Allotment A/c

Dr.
1,60,000
1,60,000
(For allotment money due on 2,000, 8% Debentures at ` 80 per debenture)
Bank A/c
Dr.
1,48,000
1,48,000
(For Balance of debenture allotment money received in full)
Balance Sheet of Shweta Ltd.

(as on ........)
Note No.
2,00,000
2,00,000
Assets
Current Assets :
(Cash at Bank)
2,00,000
2,00,000
iz'u 3. moZ'kh fyfeVsM us ,d LFkkfir O;olk; dks ` 50,000 esa ; fd;k] ` 15,000 udn esa vkSj 'ks"k ` 100 okys 9% .ki=ksa osG fuxZeu }kjk
10% osG cs ij ns; FksA (Urvashi Ltd. purchased an established business for ` 50,000 payable ` 15,000 in cash and the balance
by issue of 9% debentures of ` 100 at a discount of 10%.)
vko';d tuZy osG ys[ks dhft,A (Pass the necessary Journal entries.)
(B.S.E.B., 2014)
Solution :
Journal Entries
Date
Dr.
Particulars
L.F. Amount
`
Business Purchases A/c

To Vendors A/c
Dr.
Cr.
Amount
`
50,000
50,000
(For business purchased from vendors)
Vendors A/c
To Bank/Cash A/c
(For part payment in cash to the vendor)
Dr.
15,000
15,000
88
Vendors A/c
Discount on Issue of Debentures A/c
To Bank A/c
Dr.
Dr.
35,000
3,880
38,800
80
(For 388, 9% debentures of ` 100 each issued at 10% discount)
iz'u 4. ,d dEiuh us ,d cSad ls ` 2,00,000 .k fy;k vkSj cSad

osG ikl ` 2,50,000 dk .k&i= lgk;d izfrHkwfr osG :i esa j[kkA
fn[kyk;sa fd os vkFkd fpk esa fdl izdkj fn[kk;s tk;saxs\ (A company
took a loan of ` 2,00,000 from a Bank and placed with the

Bank debentures for ` 2,50,000 as collateral security. Show
how they will appear in the Companys Balance Sheet.)
Solution :
Balance Sheet
izFke fof/k
Note No.
(a) Long-term Borrowings :
Bank Loan (Debentures of the Value ` 2,50,000 deposited as Collateral
Security)
2,00,000
Assets
Current Assets :
(Cash at Bank)
2,00,000
Balance Sheet
f}rh; fof/k
Note No.
Debentures
Less : Debentures Suspense A/c
Bank Loan (Secured against Debentures of ` 2,50,000 Security)
2,50,000
(2,50,000)
Assets
Current Assets :
(Cash at Bank)
2,00,000
iz'u 5. fuEufyf[kr dh .ki=ksa osG fuxZeu osG fy, tuZy izfof"V;k

nhft, (Journalise the transactions for issue of debentures
as given below) :
(i) ,d .ki= ` 95
(iii)
(JAC, 2011)
ij fuxZfer gqvk rFkk ` 100 ij 'kks/ku fd;k
tk;sxkA
,d .ki= ` 95 ij fuxZfer gqvk rFkk ` 105 ij 'kks/ku fd;k
tk;sxkA
(A debenture issued at ` 95, repayable at ` 105.)
Solution :
S. No.

tk;sxkA
(iv)

(ii)

tk;sxkA
izR;sd .ki= dk vafdr ewY; ` 100 gSA (The face value of debenture in each of the above case is ` 100.)
Journal Entries
Dr.
Particulars
Cr.
L.F. Amount
`
(i)
Nil
2,00,000
Bank A/c
Discount on Issue of Debentures A/c
To Debentures A/c
(For issue of debenture at discount redeemable at par)
Dr.
Dr.
Amount
`
95
5
100
.ki=ksa dk 'kks/ku
(ii)
89
Bank A/c
Loss on Issue of Debentures A/c
To Debentures A/c
To Premium on Redemption of Debentures A/c
Dr.
Dr.
95
10
100
5
(For issue of debenture at discount redeemable at premium)
(iii)
Bank A/c
Loss on Issue of Debentures A/c
To Debentures A/c
To Premium on Redemption of Debentures A/c
Dr.
Dr.
100
5
100
5
(For issue of debenture at par redeemable at premium)
(iv)
Bank A/c
To Debentures A/c
Dr.
105
100
5
(For issue of debenture at premium redeemable at par)
11
123456789012345678

1. tc lHkh .ki=ksa dk 'kks/ku dj fy;k tkrk gS rks .ki= 'kks/ku dks"k
[kkrk osG 'ks"k dks gLrkUrfjr fd;k tkrk gS (When all debentures
are redeemed, balance in the Debenture Redemption
Fund Accounts is transferred to) :
(B.S.E.B., 2010)
(a) iwth lap; esa (Capital Reserve)
(b) lkekU; lap; esas (General Reserve)
(c) ykHk&gkfu fu;kstu [kkrk esa (Profit and Loss Appropriation A/c)
2. lsch osG funsZ'kksa osG vuqlkj 'kks/ku osG iwoZ .k&i=ksa dh jkf'k dk fdrus
izfr'kr ls .ki= 'kks/ku dks"k dk fuekZ.k djuk gksxk\ (According to
SEBI guidelines, a Company will have to create
debenture redemption reserve equivalent to the
amount of the following percentage of debenture
issued :
(B.S.E.B., 2011)
(a) 40%, (b) 50%, (c) 70%, (d) 100%
3. .ki=ksa osG 'kks/ku osG i'pkr~ ^flafoaGx Q.M ys[kk* dk 'ks"k vUrfjr gksrk
gSS (The balance of Sinking Fund Account after the
redemption of debentures is transferred to) :
.ki=ksa dk 'kks/ku
[REDEMPTION OF DEBENTURES]
(a)
(b)
ykHk&gkfu ys[kk (Profit & Loss Account)

ykHk&gkfu fofu;kstu ys[kk (Profit & Loss Appropriation
Account)
(c)
(d)
lkekU; lap; ys[kk (General Reserve Account)

flafdax Q.M ys[kk (Sinking Fund Account)
4. vius .k&i=ksa osG j djus ij gq, ykHk dk vUrj.k gksxk (Profit on
cancellation of own debentures is transferred to) :
(B.S.E.B., 2013)
(a) ykHk&gkfu ys[kk (Profit & Loss Account)
(b) ykHk&gkfu fofu;kstu ys[kk (Profit & Loss Appropriation
Account)
(c) lkekU; lap; ys[kk (General Reserve Account)
(d) iwth lap; ys[kk (Capital Reserve Account)
5. ;fn ` 1,00,000 osG .k&i=ksa dk fuxZeu ` 10,000 osG cV~Vs ij fd;k
x;k gks tks fd pkj o"kks osG ckn 'kks/kuh; gksa rks ykHk&gkfu [kkrs ls okf"kZd
cV~Vk vifyf[kr fd;k tk;sxk (If debenture of ` 1,00,000 were
issued for discount of ` 10,000, which are redeemable
after four years. Then amount of discount to be written
off from P. & L. Account each year is :
(a) ` 3,000
(b) ` 4,000
(c) ` 2,500
(d) ` 5,000
6. .ki=ksa dk 'kks/ku (foekspu) fd;k tk ldrk gS (Debentures can
be redeemed out of)
(a) ykHk esa ls (Profit)
(b) iwth esa ls (Capital)
(c) izko/kku ls (Provision)
(d) mijksDr lHkh ls (All of the above)
90
7.
.ki=ksa ds 'kks/ku ij izhfe;e gS (Premium on redemption of

debentures is a)
(d) mpUrh [kkrk (Suspense A/c)
8.
.ki=ksa ds 'kks/ku ij izhfe;e dh O;oLFkk lkekU;r% osG le; dh tkrh

gS (Premium on redemption of debentures is generally
provided at the time of)

(a) .ki=ksa osG fuxZeu (Issue of debentures)
(b) .ki=ksa osG 'kks/ku (Redemption of debentures)
(c) viys[ku (Writing off)
(d) 10 o"kks osG i'pkr~ (After 10 years)
9. .ki=ksa dk 'kks/ku -------- ij ugha fd;k tk ldrk gS (Debentures
cannot be redeemed at)
(a) le (par)
(b) izhfe;e (Premium)
(c) cV~Vk (Discount)
(d) 10% ls vf/kd izhfe;e (More than 10% premium)
10. [kqys cktkj esa ; fd;s x;s .ki=ksa dks ;fn rqjUr j ugha fd;k tkrk gS]
rks ;g gS (If debentures purchased in open market are
not immediately cancelled, they are)
(a) pkyw lEifk (Current Assets)
(b) pkyw nkf;Ro (Current Liabilities)
(c) fuos'k (Investment)
(d) iwth (Capital)
11. .ki=ksa ds 'kks/ku osG fy, lzksr gSa (Sources of finance for the
redemption of debentures are)
(a) ykHkksa esa la'kks/ku (Redemption out of profits)
(b) iwth esa ls la'kks/ku (Redemption out of capital)
(c) u;s va'kksa@.ki=ksa osG fuxZeu ls izkIr jkf'k (The proceeds from
fresh issue of shares/debentures)
12. ,d dEiuh us izR;sd ` 100 okys 1,000, 12% .ki=ksa dks 10%
izhfe;e ij fuxZfer fd;kA 12% gS (A company issued 1,000,
12% debentures of ` 100 each at 10% premium. 12%
stand for)
(a) ykHkka'k dh nj (Rate of dividend)
(b) dj dh nj (Rate of Tax)
(c) C;kt dh nj (Rate of interest)
13. BST Ltd. vius 900, 10 .ki=ksa ` 100 okys dk 'kks/ku 105% ij
` 10 okys va'k dks ` 9 izfr va'k dh nj ls ifjorZu djuk pkgrh gSA
blosG fy, mls fuxZfer djus gksaxs (BST Ltd. wants to redeem
its 900, 10% debentures of ` 100 each at 105% by converting them into shares of ` 10 each at ` 9 each. The
number of shares to be issued will be)
(a) 9,000 va'k (Shares)
(b) 10,500 va'k (Shares)
(c) 10,000 va'k (Shares) (d) 8,500 va'k (Shares)
14. ;fn .ki=ksa dk 'kks/ku ifjorZu ifr }kjk fd;k tkrk gS rks ^.ki=
'kks/ku lap; [kkrs* esa ifjofrZr .ki=ksa dh jkf'k dk ------ izfr'kr

gLrkUrfjr fd;k tk;sxk (If redemption of debentures is made
by conversion method, the amount to be transferred
to 'Debenture Redemption Reserve Account' will be

equal to ....... percent of converted amounted)
(a) 40
(b) 50
(c) 60
(d) vko';drk ugha (Not required)
15. .ki=ksa osG fuxZeu ij gkfu dks fn[kk;k tkrk gS (Loss on Issue of
Debenture Account is shown)
(a) fps osG lEifk i{k esa (On Assets side of Balance Sheet)
(b) fps osG nkf;Ro i{k esa (On Liabilities side of Balance
Sheet)
(c) ykHk vFkok gkfu [kkrs osG sfMV i{k esa (On Credit side of P &
L Account)
16.
^flafdax Q.M fofu;ksx ys[kk* osG fo; ij ykHk dks vUrfjr fd;k tkrk
gS (Profit on sale of Sinking Fund Investments is trans-
ferred to)
(a) ykHk&gkfu [kkrs esa (Profit & Loss Account)
(b) lkekU; lap; esa (General Reserve)
(c) flfdax Q.M [kkrs esa (Sinking Fund Account)
(d) iwth lap; esa (Capital Reserve)
17. .ki=ksa ds 'kks/ku ij vf/kykHk [kkrk gS (Premium on Redemption of Debentures A/c is)
(b) O;; (Expenses)
(a) lEifk (Asset)
(d) vk; (Revenue)
18. ldx Q.M fuos'k ij C;kt dks sfMV fd;k tkrk gS (Interest on
sinking fund investment is credited to)
(b) ldx Q.M [kkrk esa (Sinking Fund A/c)
(c) lkekU; lap; [kkrk esa (General Reserve A/c)
(d) ldx Q.M fuos'k [kkrk esa (Sinking Fund Investment A/c)
19. .ki=ksa ds 'kks/ku ds lUnHkZ esa lsch ds fn'kk&funsZ'k fgrksa dh j{kk djrk
gS (SEBI guidelines in respect of redemption of debentures are to protect the interest of)
(a) ysunkjksa osG (Creditors)
(b) .ki= /kkjdksa osG (Debentureholders)
(c) va'k/kkfj;ksa osG (Shareholders)
(d) cdjksa osG (Bankers)
20. tc .ki= dks le ewY; ij tkjh fd;k tkrk gS vkSj izhfe;e ij eksfpr
fd;k tkrk gS rc bl izdkj ds fuxZe ij gkfu fdl [kkrs ds uke i{k esa
n'kkZrs g (When debentures are issued at par and are
redeemable at a premium, the loss on such an issue is
debited to)
(NCERT)
(a) ykHk o gkfu [kkrk (Profit & Loss A/c)
(b) .ki= vkosnu o vkcaVu [kkrk (Debenture Application
and Allotment A/c)
(c) .ki= fuxZe ij gkfu [kkrk (Loss on Issue of Debentures A/c)
(d) 'kks/ku ij izhfe;e (Premium on Redemption A/c)
21. Lo;a ds .ki= os .ki= g ftUgsa dEiuh (Own debentures are
those debentures of the company which) (NCERT)
(a) vius gh izorZdksa dks vkcafVr djrh gS (The company allots
to its own promotors)
.ki=ksa dk 'kks/ku
(b)
vius funsZ'kdksa dks vkcafVr djrh gS (The company allots to

its directors)
(c)
cktkj ls [kjhnrh gS vkSj fuos'k ds :i esa vius ikl j[krh gS (The
company purchases from the markets and hold

them as investments)
22.
tc .ki=ksa dk ekspu ykHkksa esa ls fd;k tkrk gS] rc lerqY; jkf'k

gLrkUrfjr dh tkrh gS (When debentures are redeemed out
of profits, an equivalent amount is transferred to)
(a) lkekU; lap; esa (General Reserve)
(b) .ki= 'kks/ku lap; esa (Debenture Redemption Reserve)
(c) iwth lap; esa (Capital Reserve)
(d) ykHk&gkfu [kkrk esa (Profit and Loss A/c)
23.
24.
tc .ki=ksa dk fuxZeu cs ij vkSj 'kks/ku izhfe;e ij gksrk gS rks fuEu

esa ls fdl [kkrs dks fuxZeu ds le; MsfcV fd;k tkrk gS\ (When
debentures are issued at a discount and are redeemable at a premium, which of the following accounts is
debited at the time of issue ?)
(a) .ki= [kkrk (Debentures A/c)
(b) .ki=ksa ds ekspu ij izhfe;e [kkrk (Premium on Redemption of Debentures A/c)
(c) .ki=ksa ds fuxZeu ij gkfu [kkrk (Loss on Issue of Debentures A/c)
(d) ykHk&gkfu [kkrk (Profit & Loss A/c)
25.
27. P Ltd. us izR;sd ` 100 okys 15,000, 15% .ki=ksa dks 10% izhfe;e
ij fuxZfer fd;k tks 10 o"kks ds i'pkr~ 20% izhfe;e ij 'kks/kuh; gA
.ki=ksa ds 'kks/ku ij izR;sd o"kZ vifyf[kr dh tkus okyh jkf'k gS (P
Ltd. issued 15,000, 15% debentures of ` 100 each at a
premium of 10% which are redeemable after 10 years
at a premium of 20%. The amount of loss on redemption to be written off every year is)
(C.P.T., 2007 Nov.)
(b) ` 30,000
(a) ` 15,000
(c) ` 45,000
(d) ` 22,000
28. ` 10 okys 6,000 .ki=ksa dks izR;sd ` 10 ds lerk va'kksa }kjk 20% ds
izhfe;e ij fuxZeu }kjk Hkqxrku fd;k x;kA fuxZfer fd;s x;s va'kksa dh
la[;k gksxh (6,000 debentures of ` 10 each were discharged
by issuing equity shares of ` 10 each at 20% premium.
The number of shares issued will be)
(C.P.T., 2009 June)
(a) 50,000
(b) 60,000
(c) 5,000
(d) 6,000
.ki= ekspu fuf/k fuos'k dh fch ij gq, ykHk dks igyh ckj tek
fd;k tkrk gS (Profit on sale of debentures redemption
fund investment in the first instance in credited to)
(a) .ki= ekspu dks"k [kkrk esa (Debenture Redemption Fund
A/c)
(b) ykHk&gkfu fu;kstu [kkrk esa (Profit and Loss Appropriation A/c)
(d) ldx Q.M [kkrk esa (Sinking Fund A/c)
.ki= 'kks/ku dks"k fuos'k [kkrk dk vafdr ewY; vkSj iqLrdh; ewY;
e'k% ` 1,00,000 vkSj ` 96,000 gSA dEiuh ` 30,000 ds vafdr
ewY; okys fuos'kksa dks ml jkf'k ij csprh gS tksfd 10% izhfe;e ij
` 30,000 ds .ki=ksa ds 'kks/ku gsrq i;kZIr gS] fuos'k dh fch ij ykHk
gS (The nominal and book values of debenture redemp-
tion fund investments account are respectively

` 1,00,000 and ` 96,000. The company sold investments
of nominal value of ` 30,000 at price which was just
sufficient to redeem debentures of ` 30,000 at 10% premium, the profit on sale of investment is)
(a) ` 4,200
(b) ` 3,000
(c) ` 2,000
(D) Nil
26. W Ltd. us ` 10 okys 20,000, 8% .ki=ksa dks leewY; ij tkjh
fd;k tks 5 o"kks ds i'pkr~ 20% ds vf/kewY; (Premium) ij 'kkskuh;
gSA .ki=ksa ds 'kks/ku ij gkfu dks izR;sd o"kZ vifyf[kr dh tkus okyh
jkf'k gksxh (W Ltd. issued 20,000, 8% debentures of ` 10
each at par, which are redeemable after 5 years at a
premium of 20%. The amount of loss on redemption of
debentures to be written off every year will be)
(C.P.T., 2007 Feb.)
(a) ` 40,000
(b) ` 10,000
(c) ` 20,000
(d) ` 8,000
91
29.
fuos'kksa dh olwyh ds ckn fladx Q.M bUosLVesaV [kkrs ds 'ks"k dks -----esa gLrkUrfjr fd;k tkrk gS (The balance of Sinking Fund In-
vestment Account after the realisation of investments

is transferred to)
(a) ykHk&gkfu [kkrk (Profit and Loss Account)
(b) .ki= [kkrk (Debenture Account)
(c) ldx Q.M [kkrk (Sinking Fund Account)
(d) .ki= 'kks/ku lap; (Debenture Redemption Reserve)
30. ldx Q.M ,d fgLlk gS (A Sinking Fund is a part of)
(a) LFkk;h nkf;Ro (Fixed Liabilities)
(b) pkyw nkf;Ro (Current Liabilities)
(c) lap; ,oa vkf/kD; (Reserves and Surplus)
(d) LFkk;h lEifk (Fixed Assets)
[mkj % 1. (a), 2. (b), 3. (c), 4. (d), 5. (c), 6. (d), 7. (c), 8. (a),
9. (c), 10. (c), 11. (d), 12. (c), 13. (b), 14. (b), 15. (b),
16. (c), 17. (c), 18. (b), 19. (b), 20. (c), 21. (c), 22. (b),
23. (a), 24. (c), 25. (a), 26. (d), 27. (b), 28. (c),
29. (c), 30. (c)]

1234567890123
1234567890123
iz'u 1. ckW.M@caki= rFkk .ki= esa dksbZ nks vUrj dhft,A (Give
any two differences of Bond and Debentures.)
mkjfo"k;oLrq ,oa izfr nksuksa dh n`f"V ls ckW.M rFkk .ki= leku gSa
ijUrq bu nksuksa esa FkksMk+ vUrj gSA
(i) izk;% ckW.M ljdkj }kjk tkjh fd;s tkrs gSa] tcfd .ki= vZ&ljdkjh
rFkk xSj&ljdkjh laLFkkvksa }kjk fuxZfer fd;s tkrs gSaA
(ii) ckW.M fcuk iwoZ fukkZfjr C;kt nj osG fuxZfer fd;s tkrs gSa_ tSls
Mhi fMLdkm.V ckW.M] tcfd .ki= iwoZ fukkZfjr C;kt nj osG lkFk tkjh fd;s
tkrs gSaA
iz'u 2. ^.ki=ksa osG ykHk esa ls 'kksku* dk vFkZ crkb,A (State
the meaning of Redemption of Debentures in Profits.)
mkj.ki=ksa dk ykHkksa esa ls 'kksku dk ;g vk'k; gS fd ftruh jkf'k osG

.ki=ksa dk Hkqxrku ykHk esa ls fd;k tkuk gS mruh gh jkf'k ykHk&gkfu fofu;kstu
92
[kkrs (Profit and Loss Appropriation A/c) ls fudky dj ^.ki=

'kksku lap; [kkrs* (Debentures Redemption Reserve Account)
esa gLrkUrfjr dj nh tkrh gS vkSj .ki=ksa dk Hkqxrku dj fn;k tkrk gS
ifj.kkeLo:i] ykHkka'k osG :i esa forj.k gsrq ykHk de gks tkrk gSA
iz'u 3. vfr vfHknku dh voLFkk esa dEiuh dks .ki=ksa osG vkc.Vu
osG fy, dkSu&dkSu ls fodYi miyCk gSa \ (What options available a
company for allotment of debentures in case of over
subscription ?)
mkjva'kksa dh Hkkfr dEiuh .ki=ksa dks Hkh izLrkfor la[;k ls vfkd

la[;k esa tkjh ugha dj ldrhA vfr&vfHknku dh voLFkk esa dEiuh osG ikl
rhu fodYi gSa
1. vkosnuksa dh okilhdEiuh vko';drk ls vfkd vkosndksa dks
.ki= tkjh djus esa viuh vleFkZrk O;Dr djosG mudh vkosnu jkf'k
ykSVk nsaA
2. ;Fkk&vuqikr vkc.Vu.ki=ksa dk ;Fkkvuqikr vkc.Vu fd;k
tk ldrk gSA
3. iw.kZ vkc.VuoqGN vkosndksa dks muosG }kjk ekxs x;s .ki=ksa dk iw.kZ
Solution :
Date
vkc.Vu fd;k tk ldrk gS] oqGN dks ;Fkk&vuqikr vkc.Vu rFkk 'ks"k vkosndksa
dks euk fd;k tk ldrk gSA
iz'u 4. va'kkkjh rFkk .ki=kkjh esa dksbZ rhu vUrj crkb,A (State
any three differences between Shareholders and Debentureholders.)
mkj(1) LokfeRo dh n`f"V lsva'kkkjh dEiuh dk Lokeh gksrk gS]
tcfd .ki=kkjh dEiuh dk .knkrk gksrk gSA

(2) ykHkka'k dh n`f"V lsva'kkkjh dks va'kksa ij ykHkka'k izkIr gksrk gS]
tcfd .ki=kkjh dks .ki=ksa ij C;kt feyrk gSA
(3) izcUk esa Hkkx dh n`f"V lsva'kkkjh dEiuh osG izcUk esa Hkkx ys
ldrk gS] tcfd .ki=kkjh dEiuh osG izcUk esa Hkkx ugha ys ldrk gSA
iz'u 5. vYQk fyfeVsM osG ikl ` 100 okys 5,000, 8% .ki= 31
ekpZ] 2011 dks ns; FksA ;g eku ysa fd blh frfFk dks .ki= 'kks/ku
lap; [kkrs dk 'ks"k ` 1,90,000 FkkA .ki=ksa osG 'kks/ku osG le; vko';d
jks t ukepk iz f of"V;k cukb,A (Alpha Ltd. has 5,000, 8%
Debentures of ` 100 each due for redemption on 31st March,
2011. Assume that Debenture Redemption Reserve has a
balance of ` 1,90,000 on that date. Record the necessary
Journal entries at the time of redemption of debentures.)
In the Books of Alpha Ltd.

Journal Entries
Dr.
Particulars
2011
Mar. 31 Profit & Loss Appropriation A/c (` 2,50,000 1,90,000)
To Debenture Redemption Reserve A/c
L.F. Amount
`
Dr.
Cr.
Amount
`
60,000
60,000
(For transfer of profit to DRR as per SEBI Guidlines)
Mar. 31 8% Debentures A/c

To Debentureholders A/c
Dr.
5,00,000
5,00,000
(For amount due to debentureholders on redemption)
Mar. 31 Debentureholders A/c

To Bank A/c
Dr.
5,00,000
5,00,000
(For payment made to debentureholders)
Mar. 31 Debenture Redemption Reserve A/c

To General Reserve A/c
Dr.
2,50,000
2,50,000
(For DRR transferred to General Reserve)
iz'u 6. X fyfeVsM us ` 25,000 osG 12% .ki=ksa dk 'kks/ku djus dk fu.kZ; fd;kA blus [kqys cktkj ls ` 100 O;; dj ` 98.50 izR;sd dh
nj ls ` 20,000 osG .ki= [kjhns vkSj ykWVjh osG }kjk ` 5,000 osG .ki=ksa dk 'kks/ku fd;kA jkstukepk dhft,A (X Ltd. decided to redeem
` 25,000, 12% debentures. It purchased ` 20,000 debentures in the open market at ` 98.50 each, the expenses being
` 100, and redeemed the balance of ` 5,000 debentures by draw of lots. Journalise)
(NCERT)
Solution :
Date
Journal Entries
Dr.
Particulars
L.F. Amount
`
12% Debentures A/c (200 ` 100)

To Bank A/c (200 ` 98.50 + ` 100 Expenses)
To Profit on Redemption of Debentures A/c (` 300 100)
Dr.
Cr.
Amount
`
20,000
19,800
200
(Being purchase of 200 debentures @ ` 98.50 with ` 100 for expenses)
12% Debentures A/c (50 ` 100)

To Bank A/c
Dr.
5,000
5,000
(Being redemption of 50 debentures @ ` 100 each at par)
Profit on Redemption of Debentures A/c

(Being transfer of profit on redemption of debentures to Capital Reserve A/c)
Dr.
200
200
.ki=ksa dk 'kks/ku
Profit & Loss Appropriation A/c (` 20,000 + 5,000)
93
Dr.
25,000
25,000
(Being transfer of profit to Debenture Redemption Reserve A/c)

Note : The balance of Debenture Redemption Reserve A/c has not been transferred to General Reserve A/c under the assumption that the
company still have some other debenture liability to be redeemed in future.
iz'u 7. ek/kou fyfeVsM us izfr .ki= ` 1,000 okys vius 5,000 .ki=ksa dks ` 990 dh nj ls [kjhnkA .ki=ksa dks [kqys cktkj esa fuos'k osG
:i esa ; fd;k x;kA jkstukepk izfof"V;k nhft, ;fn nks ekg ckn bu .ki=ksa dks j dj fn;k x;kA (Madhwan Ltd. purchased 5,000 of
its own debentures of ` 1,000 each at ` 990 per debenture. The debentures were purchased in the open market as
investment. Give Journal entries if these debentures were cancelled two months later.)
Solution :
Journal Entries
Dr.
Cr.
Date
Particulars
L.F. Amount
`
Investment in own Debentures A/c

To Bank A/c
Dr.
Amount
`
49,50,000
49,50,000
(For purchase of own debentures 5,000 @ ` 990 each)
Debentures A/c
To Investment in Own Debentures A/c
To Profit on Cancellation of Debentures A/c
Dr.
50,00,000
49,50,000
50,000
(For investment in own debentures cancelled)
Profit on Cancellation of Debentures A/c

Dr.
50,000
50,000
(For profit on cancellation of own debentures transferred to Capital Reserve)

Note : It is assumed that Debenture Redemption Reserve has already been created.
1234567890123
1234567890123
iz'u 1. ,d .ki= ls D;k rkRi;Z gS\ fofHkUu izdkj osG .ki=ksa

dh O;k[;k dhft, (What is meant by a Debenture? Explain
the different types of Debentures.)
mkj.ki= dk vFkZlkekU; 'kCnksa esa] .ki= ls gekjk vk'k; ml

izi= ls gS tks .k dk fuekZ.k djrk gSA .ki=ksa esa ,d fuf'pr izfr'kr ls
C;kt gksrk gSA os ,d fof'k"V vofk osG ckn 'kkskuh; gksrs gSaA tfLVl fpQh osG
vuqlkj] .ki= ,d izi= gS] ftlesa C;kt vkSj iwth dh okilh dh 'krs gksrh
gSa vkSj tks .k dk fuekZ.k djrk gS vFkok Lohdkj djrk gSA
.ki=ksa osG izdkj (Kinds of Debentures).ki= fuEu izdkj
osG gksrs gSa
1. jftLVMZ .ki= (Registered Debentures)jftLVMZ .k&
i=kkjdksa dk uke dEiuh dh iqLrd esa fy[kk jgrk gSA ,sls .ki=ksa osG ewY; o
C;kt dk Hkqxrku jftLVMZ kkjdksa dks gh ns; gksrk gSA
2. okgd .ki= (Bearer Debentures)okgd .ki= os .ki=
gSa tks okgd dks ns; gksrs gSa vkSj osGoy lqiqnZxh }kjk gh budk gLrkUrj.k fd;k tk
ldrk gSA budk C;kt rFkk budh ewy jkf'k dk Hkqxrku buosG okgdksa ;k kkjdksa
dks fd;k tkrk gSA ,sls .ki=ksa osG gLrkUrj.k ij dksbZ fukkZfjr fofk ugha
viuk;h tkrh gSA buosG gLrkUrj.k ij eqkad 'kqYd (Stamp duty) Hkh ugha
nsuk iM+rk gSA
3. lqjf{kr ;k cUkd okys .ki= (Secured or Mortgaged
Debentures)ftu .ki=ksa osG fy, dEiuh dh lEifk;ksa ij Hkkj ;k cUkd
mRiUu fd;k tkrk gS] ^cUkd lfgr .ki=* dgykrs gSaA ,sls .ki=ksa dh n'kk
esa ;fn dEiuh ysunkjksa dh jkf'k dk Hkqxrku ugha djrh gS rks buosG kkjd viuh
{kfr Hkkj vFkok cUkd j[kh gqbZ lEifk ls iwjh dj ysrs gSaA
4. lkkkj.k .ki= (Simple, Nacked or Unsecured Deben-
tures)lkkkj.k
.ki= os gksrs gSa] ftuesa C;kt osG Hkqxrku rFkk iwth osG
'kksku osG fy, .knkrkvksa dks dksbZ Hkh izfrHkwfr ugha nh tkrh gSA dEiuh osG
lekiu dh n'kk esa lkkkj.k .ki=kkjh lkkkj.k ysunkj dh Hkkfr tkus tkrs gSaA
5. 'kks; .ki= (Redeemable Debentures)'kks; .ki= os
gksrs gSa] ftudk Hkqxrku ,d fuf'pr vofk osG ckn dEiuh }kjk dj fn;k
tkrk gSA
6. v'kks; .ki= (Irredeemable Debentures)ftu .ki=ksa
dk Hkqxrku dEiuh osG thoudky esa ugha] oju~ osGoy mlosG lekiu ij gh gksrk
gS] v'kks; .ki= dgykrs gSaA
7. ifjorZu'khy .ki= (Convertible Debentures)
ifjorZu'khy .ki=ksa ls vk'k; ,sls .ki=ksa ls gS ftudks ,d fuf'pr vofk
rd dEiuh osG va'kksa esa ifjorr djk;k tk ldrk gSA
8. vifjorZu'khy .ki= (Non-Convertible Debentures)
vifjorZu'khy .ki=ksa ls vk'k; ,sls .ki=ksa ls gS ftudks va'kksa esa ifjorZu
ugha fd;k tk ldrkA
9. owGiu nj (C;kt) osG n`f"Vdks.k lsowGiu nj (C;kt) osG n`f"Vdks.k
ls .ki=ksa dks nks oxks esa foHkkftr fd;k tk ldrk gS
(d) owGiu nj lfgr .ki=.ki=ksa dks ,d fuf'pr C;kt dh nj
tSls 12% vFkok 14% osG lkFk fuxZfer fd;k tkrk gSA
([k) owGiu nj jfgr .ki=,sls .ki=ksa dks fcuk fdlh fuf'pr
C;kt dh nj osG lkFk fuxZfer fd;k tkrk gSA
iz'u 2. .ki= ,oa va'k osG chp vUrj Li"V dhft,A .ki= dks
,d dtZ osG :i esa D;ksa tkuk tkrk gS\ O;k[;k dhft, (Distinguish
between a Debenture and a Share. Why debenture is known
as loan capital ? Explain.)
(B.S.E.B., 2012)
94
va'kksa ,oa .ki=ksa esa vUrj
mkj
(Difference between Shares and Debentures)
- la(S. No.)
1.
Hkkx
2.
LokfeRo
3.
vof/k
4.
izcU/k osG vf/kdkj
5.
ykHkka'k ;k C;kt
6.
vk; dh fuf'prrk
7.
izdkj
8.
yksp
9.
ykxr
10.
.k izkfIr {kerk
11.
in the open market ? Explain.)
vUrj dk vk/kkj
(Basis of
Difference)
lekiu dh n'kk
iz'u 3. D;k dEiuh [kqys cktkj ls Lo;a osG .ki= [kjhn ldrh gS\
O;k[;k dhft,A (Can a company purchase its own debentures
va'k
.ki=
(Shares)
(Debenture)
;s iwt
h dk Hkkx gksrs gSAa ;s dEiuh dk .k
gksrs gSaA
va'k/kkjh dEiuh osG
.ki=/kkjh dEiuh
Lokeh gksrs gSaA
osG ysunkj gksrs gSaA
va'k fuxZeu }kjk nh?kZ& buosG fuxZeu }kjk
dkyhu LFkk;h iwt
h izkIr izk;% vLFkk;h] nh?kZ
dh tkrh gSA
vFkok e/;edkyhu
iwth izkIr dh tkrh
gSA
bUgsa izcU/k osG leLr bUgsa izcU/k lEcU/kh
vf/kdkj izkIr gksrs gSaA vf/kdkj ugha gksrs gSaA
fQj Hkh dHkh&dHkh
.ki=/kkjh Hkh vius
fgrksa dh lqj{kk gsrq
,dk/k la p kyd
fu;q D r djus dk
vfkdkj izkIr dj
ysrs gSaA
va'kksa ij ykHkka'k fn;k bu ij C;kt fn;k
tkrk gS] tksfd osGoy tkrk gS] dEiuh dks
ykHk esa ls gh ns; gksrk ykHk u gksus ij iwth
gSA
ls Hkh C;kt dk Hkqx&
rku fd;k tk ldrk
gSA
buls vk; vfuf'pr buls vk; fuf'pr
jgrh gSA
jgrh gSA
;s nks izdkj osG gksrs gSaA ;s vusd izdkj osG
gksrs gSaA
va'k dh ek=k esa deh& vko';drk iM+us ij
o`f u gksus osG dkj.k .ki=ksa dh ek=k
yksp dk vHkko gksrk esa deh&o`f dh tk
gSA
ldrh gS Qyr% buls
iwth dysoj ykspiw.kZ
curk gSA
izk;% ykHkka'k dh nj C;kt dh nj de gksus
vf/kd gksus ls ykxr ds dkj.k ykxr de
vf/kd iM+rh gSA
iM+rh gSA
va'k iwth vf/kd gksus .ki= tkjh djus ij
ls dEiuh dh .k dEiuh dh m/kkj ysus
ysus dh {kerk c<+rh dh {kerk de gks
gSA
tkrh gSA
dEiuh osG lekiu dh lekiu dh n'kk esa]
n'kk esa va'k/kkfj;ksa dks va'k/kkfj;ksa dh rqyuk
lHkh ck nkf;Roksa osG es a .ki=/kkfj;ks a
Hkqxrku osG ckn gh iwth dks izkFkfedrk izkIr
dh okilh dh tkrh gSA jgrh gSA muosG Hkqxrku
osG ckn gh va'k/kkfj;ksa
dks Hkqxrku fd;k tk
ldrk gSA
mkj[kqys cktkj esa vius .ki=ksa dk ; djosG Hkqxrku

(Redemption by Purchase of Own Debentures in the Open
Market);|fi dEiuh ij vius va'kksa osG ; djus ij izfrcUk gS] dEiuh
ij vius .ki=ksa dks ; djus ij dksbZ izfrcUk ugha gSA ;fn fuxZeu dh 'krks
osG vuqlkj fdlh dEiuh dks Lo;a osG .ki=ksa dks ; djus dk vfkdkj gS rks
og vius .ki=ksa dks [kqys cktkj esa ; dj ldrh gSA ,slk djus ls dEiuh
dks fuEu ykHk izkIr gks ldrs gSa
(1) lkkkj.kr% tc .ki=ksa dk cktkj ewY; buosG vafdr ewY; ls de
gksrk gS rc dEiuh bUgsa [kjhn ysrh gS] blls dEiuh dks iwthxr ykHk gksrk gSA
(2) dEiuh dks ,sls .ki=ksa ij C;kt ugha nsuk iM+rk gS] ftlls ns; C;kt
dh cpr gksrh gSA
(3) vko';drk iM+us ij bu .ki=ksa dks fQj ls cspk tk ldrk gSA
[kqys cktkj ls vius .ki=ksa dks ; djus osG fuEufyf[kr ms'; gks
ldrs gSa
(1) .ki=ksa dks rqjUr j djus osG fy,A
(2) .ki=ksa dks fofu;ksx dh rjg vius ikl j[kus osG fy,A
rqjUr j djus osG fy, .ki=ksa dk ; (Purchase of Debentures for Immediate Cancellation)lkekU;r% ,d dEiuh .ki=ksa
dks ml le; [kjhnrh gS tc cktkj esa .ki= dk ewY; vafdr ewY; ls de
gksrk gSA blls .ki=ksa dk 'kksku ykHk ij gks tkrk gSA bldk ys[kk djus dh
fofk fuEufyf[kr gS
(i) tc .ki=ksa dks leewY; ij [kjhnk tkrk gS
Debentures A/c
To Bank A/c
(ii)
Dr.
tc .ki=ksa dks dVkSrh ij [kjhnk tkrk gS

Debentures A/c
Dr.
To Bank A/c
To Profit on Redemption of Debentures A/c
.ki=ksa dks ; djus ij tks dVkSrh izkIr gksrh gS og iwthxr ykHk gS vkSj
mls iwth lap; [kkrs esa gLrkUrfjr dj fn;k tkrk gS] blosG fy, fuEu izfof"V dh
tkrh gS
Profit on Redemption of Debentures A/c
(iii)
Dr.
tc .ki=ksa dks izhfe;e ij [kjhnk tkrk gS

Debentures A/c
Loss on Redemption on Debentures A/c
To Bank A/c
Dr.
Dr.
.ki=ksa dks ; djus ij fn;k x;k izhfe;e iwthxr gkfu gSA bl gkfu dks
iwth lap; vFkok va'k izhfe;e ls iwjk fd;k tk ldrk gSA blosG fy, fuEu
izfof"V dh tkrh gS
Capital Reserve A/c
Dr.
Or
Dr.
To Loss on Redemption of Debentures A/c
(iv)
tc .ki= 'kksku lap; [kkrs dk fuekZ.k fd;k tkrk gS

Profit & Loss Appropriation A/c
Dr.
fofu;ksx osG :i esa .ki=ksa dk ;dbZ ckj tc dEiuh dks viuk

ku fofu;ksx djuk gksrk gS rks og vU; dEifu;ksa osG va'kksa vkSj .ki=ksa dks ;
.ki=ksa dk 'kks/ku
djus osG LFkku ij viuh gh dEiuh osG .ki= fofu;ksx dh rjg ; dj ldrh
gSA ; djus ij dEiuh dks u ykHk gksrk gS vkSj u gkfu vkSj ; djrs le;
ykHk ;k gkfu dh dksbZ izfof"V ugha dh tkrhA ,sls .ki=ksa dks fLFkfr fooj.k osG
lEifk i{k osG ^fofu;ksx* 'kh"kZd osG vUrxZr Own Debentures osG :i esa
fn[kk;k tkrk gSA ; djus osG ckn dEiuh vius .ki=ksa dks ;k rks cktkj esa
nqckjk fo; dj ldrh gS vFkok mUgsa j Hkh dj ldrh gSA
.ki=ksa dk fofu;ksx osG :i esa ; rFkk iquo;Lo;a osG .ki=ksa
dks nqckjk fo; djus ij dEiuh dks tks ykHk ;k gkfu gksrh gS og vkxe LoHkko
dh gksrh gS vkSj bls ykHk&gkfu [kkrs esa gLrkUrfjr dj fn;k tkrk gSA
(i) tc Lo;a osG .ki=ksa dks [kjhnk tkrk gS
Own Debentures A/c
To Bank A/c
(ii)
Dr.
Dr.
(iii) tc Lo;a osG .ki=ksa dks iqu% cspk tkrk

Bank A/c
Profit & Loss A/c
To Own Debentures A/c
gS vkSj gkfu gksrh gS

Dr.
Dr.
.ki=ksa dk fofu;ksx osG :i esa ; rFkk ckn esa mUgsa j djuk,d

dEiuh vius .ki=ksa dks fofu;ksx osG :i esa ; dj ldrh gS vkSj oqGN le;
ckn j dj ldrh gSA
iz'u 4. ^.ki= dh ifjorZuh;rk* ls D;k rkRi;Z gS \ ,slh
ifjorZuh;rk dh fofk;ksa dk o.kZu djsaA (What is meant by
Conversion of Debentures ? Describe the method of such a
Conversion.)
mkjifjorZu }kjk Hkqxrku (Payment by Conversion);fn
fdlh dEiuh us ifjorZu'khy .ki= (Convertible Debentures) fuxZfer
fd;s gSa rks mu .ki=ksa dks .ki=kkfj;ksa dh bPNk ij va'kksa (Shares) ;k u;s
.ki=ksa (New Debentures) esa cnyk tk ldrk gSA ;fn .ki=kkjh ;g
le>rs gksa fd ifjorZu dk izLrko muosG fy, ykHknk;d gS] rks os vius .ki=ksa
dks va'kksa@u;s .ki=ksa esa ifjorZu osG fy, viuh Lohfr ns nsaxsA u;s va'k ;k
.ki= leewY; ij] izhfe;e ij ;k cs ij fuxZfer fd;s tk ldrs g] ijUrq
;fn ;s cs ij fuxZfer fd;s tkrs gSa rks blosG fy, dEiuh ykW cksMZ (Company
Law Board) ls vko';d vuqefr ysuh iM+sxhA
tuZy izfof"V;k (Journal Entries)
;fn .ki=/kkjh vius .ki=ksa dks va'k ;k u;s .ki=ksa esa ifjorZu gsrq
rS;kj gks tkrs gSa rks fuEukafdr izfof"V;k dh tk;saxh
1. .ki=ksa ij ns; jde dks .k& Debentures A/c (Nominal
i=/kkfj;ksa osG [kkrs esa gLrkUrfjr Value of Debentures) Dr.
djus osG fy,
(Being transfer of convertible
debentures)
.ki=/kkfj;ksa dks va'k@u;s .k& Debentureholders A/c Dr.

i= fn;s tkus ij (i) leewY; ij
To Share Capital A/c/New
(at Par)
(ii) izhfe;e ij (at Premium) Debentureholders A/c Dr.

To Share Capital A/c /
Debentures A/c
To Securities PremiumA/c
(Being issue of shares/debentures at premium to debentureholders)
(iii) ck ij (at Discount)
Debentureholders A/c Dr.

Discount on Issue of Shares/
Debentures A/c
Dr.
To Share Capital/Debentures A/c
(Being issue of shares/debentures
at discount)
tc Lo;a osG .ki=ksa dks nksckjk cspk tkrk gS vkSj ykHk gksrk gS
Bank A/c
To Own Debentures A/c
2.
95
Debentures A/c
(Being issue of debentures to debentureholders)
;gk ;g ;ku j[kuk vko';d gS fd ;fn .ki=ksa dks izkjEHk esa dVkSrh ij
fuxZfer fd;k x;k Fkk rks ifjorZu djrs le; bu .ki=ksa osG vafdr ewY;
(Face value) dks ugha] cfYd buls izkIr okLrfod jkf'k dks gh u;s va'kksa dh
la[;k Kkr djus osG fy, ;ku esa j[kk tk;sxkA ;fn bl fu;e dk mYya?ku fd;k
x;k rks ;g kkjk 79 dk mYya?ku gksxkA mnkgj.k osG fy,] ,drk fy- us ` 100
okys 5,000, 10% .ki= 10% dVkSrh ij fuxZfer fd;s FksA .ki=kkfj;ksa
dks ;g fodYi fn;k x;k gS fd os vius .ki=ksa dks ` 10 okys lerk va'kksa esa
cny ldrs gSaA eatw osG ikl dEiuh osG 200 .ki= gSa vkSj og vius .ki=ksa
dks lerk va'kksa esa ifjorr djus dh bPNqd gSA eatw dks 200 100 =
` 20,000 osG cjkcj ewY; osG lerk va'k tkjh ugha fd;s tk;saxs ;|fi .ki=ksa
dk vafdr ewY; ` 20,000 gh gSA okLro esa] eatw us dEiuh dks dVkSrh dkVdj
` 20,000 2,000 = ` 18,000 gksxkA vr% eatw dks 1,800 lerk va'k
izkIr gksaxsA dEiuh fuEu izfof"V djsxh
10% Debentures A/c
Dr. 20,000
To Discount on Issue of Debentures A/c
2,000
18,000
(Conversion of 200 debentures of ` 100 each

issued at a discount of 10% into 1,800 equity
shares of ` 10 each fully paid)
iz'u 5. 1.1.2009 dks ,d lkoZtfud dEiuh us 15,000, 10%

.ki=] izR;sd ` 100 okys le&ewY; ij fuxZfer fd;s tks 31.12.2013
dks 15% izhfe;e ij 'kks/kuh; gSA Hkqxrku dh frfFk ij] dEiuh us mi;qZDr
10% .ki=ksa dk fuxZeu 'krkZuqlkj ykHkksa esa ls foeksfpr djus dk
fu.kZ; fd;kA mDr frfFk dks ykHk&gkfu [kkrs us ` 20,00,000 dk tek
'ks"k n'kkZ;kA izLrko lHkh .ki=/kkfj;ksa }kjk Lohdkj fd;k x;k vkSj
lHkh .ki= foeksfpr fd;s x;sA (On 1.1.2009 a Public Company
issued 15,000, 10% Debentures of ` 100 each at par which
were repayable at a premium of 15% on 31.12.2013. On the
date of maturity, the company decided to redeem the above
mentioned 10% Debentures as per the terms of issue, out of
profits. The Profit and Loss A/c shows a credit balance of
` 20,00,000 on this date. The offer was accepted by all the
debentureholders and all the debentures were redeemed.)
dEiuh dh iqLrdksa esa flQZ .ki=ksa osG foekspu ('kks/ku) osG fy,
vko';d jkstukepk izfof"V;k dhft,] ;fn dEiuh] dEiuh vf/kfu;e
dh /kkjk 117C dk vuqlj.k djrh gSA (Pass the necessary Journal
entries in the books of the company only for the redemption
of debentures, if the company follow Sec. 117C of the
Company Act.)
(C.B.S.E., OD, 2011)
96
Solution :
Journal Entries
Date
Particulars
2013
Dec. 31 Statement of Profit & Loss
L.F.
Dr.
Dr.
Cr.
Amount
Amount
15,00,000
15,00,000
(Being sufficient reserve created out of profit)
Dec. 31 10% Debentures A/c

Premium on Redemption of Debentures A/c
Dr.
Dr.
15,00,000
2,25,000
17,25,000
(Being debentures due for redemption at premium of 15%)
Debentureholders A/c
To Bank A/c
Dr.
17,25,000
17,25,000
(Being 15,000 debentures redeemed and paid)
Debenture Redemption Reserve A/c

Dr.
15,00,000
15,00,000
(Being Debenture Redemption Reserve A/c closed by transfer)
iz'u 6. iwtk fyfeVsM us 31 ekpZ] 2013 dks ` 2,50,000, 10% .ki=ksa dk Hkqxrku ykHk esa ls fd;kA tuZy osG ys[ks fn[kkb;sA (On 31st
March, 2013 Puja Ltd. redeemed ` 2,50,000, 10% Debentures out of profits. Show the Journal entries.)
Solution :
In the Books of Puja Ltd.
Journal Entries
Dr.
Date
Particulars
2013
Mar. 31 Statement of Profit & Loss
L.F. Amount
`
Dr.
Cr.
Amount
`
2,50,000
2,50,000
(For transfer of profit to Debenture Redemption Reserve A/c)
Mar. 31 10% Debentures A/c

Dr.
2,50,000
2,50,000
(For transfer of 10% Debentures to debentureholders)
Mar. 31 Debentureholders A/c

To Bank A/c
Dr.
2,50,000
2,50,000
(For payment of Debentureholders)
Mar. 31 Debenture Redemption Reserve A/c

Dr.
2,50,000
2,50,000
(For transfer of Debenture Redemption Reserve A/c to General Reserve A/c)
iz'u 7. izhfr fyfeVsM osG fLFkfr&fooj.k

following information on 1.1.2013) :
16% .ki= (16% Debentures)
us 1-1-2013 dks fuEu lwpuk iznf'kZr dh (The Balance Sheet of Priti Ltd. disclosed the
`
10,00,000
.ki= 'kks/ku dks"k (Debenture Redemption Fund)

8,00,000
8,00,000
15% .ki= 'kks/ku dks"k fuos'k (15% Debenture Redemption Fund Investment)
o"kZ 2013 osG fy, .ki= dks"k esa okf"kZd va'knku ` 80,000 FkkA .ki= 31.12.2013 dks 'kks/kuh; FksA mlh rkjh[k dks fuos'kksa dks
` 8,20,000 esa csp fn;k x;k rFkk .ki=ksa dk 'kks/ku dj fn;k x;kA 31.12.2013 dks C;kt dh izkfIr osG iwoZ cSad [kkrk dk 'ks"k ` 90,000 FkkA 31
fnlEcj] 2013 dks lekIr gksus okys o"kZ osG fy, 16% .k&[kkrk .ki= 'kks/ku [kkrk] .ki= 'kks/ku fuos'k [kkrk vkSj cSad [kkrk cukb;sA (The
annual contribution to the debenture redemption fund was ` 80,000 for the year 2013. The debentures were redeemable
on 31.12.2013. On the same date investments were sold for ` 8,20,000 and the debentures were redeemed. The bank
balance as on 31.12.2013 prior to the receipt of interest was ` 90,000. Prepare 16% Debentures Account, Debenture
Redemption Fund Account, Debenture Redemption Fund Investment Account and Bank Account for the year ended on
31.12.2013.)
dEiuh dk fokh; fooj.k

Solution :
Dr.
16% Debentures Account
Date
2013
Dec. 31
97
Particulars
To Bank A/c
Amount
Date
2013
Jan. 1
10,00,000
10,00,000
Dr.
Cr.
Particulars
Amount
`
By Balance b/d
10,00,000
10,00,000
Debenture Redemption Fund Account
Date
2013
Dec. 31
Particulars
To Capital Reserve
Amount
Date
`
2013
10,00,000 Jan. 1
20,000 Dec. 31
Dec. 31
Dec. 31
Cr.
Particulars
By Balance b/d
By Bank A/c (Interest)
By Statement of Profit & Loss
By Debenture Redemption
Fund Investment A/c
10,20,000
Dr.
Amount
8,00,000
1,20,000
80,000
20,000
10,20,000
15% Debenture Redemption Fund Investment Account
Date
2013
Jan. 1
Dec. 31
Particulars
To Balance b/d
To Debenture Redemption Fund A/c
Dr.
Amount
Date
Particulars
`
2013
8,00,000 Dec. 31 By Bank A/c (Investment Sold)
20,000
8,20,000
Cr.
Amount
`
8,20,000
8,20,000
Bank Account
Date
2013
Dec. 31
Dec. 31
Dec. 31
Particulars
To Balance b/d
To Debenture Redemption Fund
A/c (Interest)
To Debenture Redemption Fund
Investment A/c
Amount
Date
Cr.
Particulars
`
2013
90,000 Dec. 31 By 16% Debentures A/c
Dec. 31 By Balance c/d
1,20,000
8,20,000
10,30,000
Amount
`
10,00,000
30,000
10,30,000
12
123456789012345678
funsZ'kvxzfyf[kr iz'uksa esa pkj fodYi gSa] ftuesa ls ,d fodYi lgh


[FINANCIAL STATEMENTS OF A COMPANY]
1. fokh; fooj.k gksrs g (Financial Statements are) :
(a) izR;kf'kr rF; (Anticipated facts)
(b) vfHkysf[kr rF; (Recorded facts)
(c) vuqekfur rF; (Estimated facts)
98
2.
pkyw lEifk esa 'kkfey gS (The term current asset includes) :
10.
(B.S.E.B., 2010)
is)
(a) lery (Horizontal)
(b) lery ;k yEcor~ (Horizontal or Vertical)
(c) yEcor~ (Vertical)
(a) LVkWd (Stock)

(c) jksdM+ (Cash)
(d) buesa ls dksbZ ug (All of these)
3.
fuEu esa ls dkSu ,d dEiuh osG fokh; fooj.k dk Hkkx ug gS (Which

of the following is not a part of financial statement of a
company) :
(a) ykHk&gkfu [kkrk (Profit & Loss A/c)
(b) vkfFkZd fpV~Bk (Balance Sheet)
(c) ystj [kkrk (Ledger Account)
4.
5.
11.
12.
izfrHkwfr izhfe;e [kkrk dks vkFkd fps ds nkf;Ro i{k esa -------------'kh"kZd ds vUrxZr fn[kk;k tkrk gS (Securities Premium Account is shown on the liabilities side in the Balance
Sheet under the heading)
(a) lap; ,oa vf/k'ks"k (Reserves and Surplus)
(b) pkyw ns;rk, ,oa izko/kku (Current Liabilities and Provisions)
(c) va'k iwth (Share Capital)
(d) lafnX/k nkf;Ro (Contingent Liabilities)
dEiuh osG vkfFkZd fpV~Bs osG lEifk i{k esa pkyw lEifk esa 'kkfey gS
(Current Assets on the Assets side of Balance Sheet of

a Company includes) :
(a) fofo/k nsunkj (Sundry Debtors)
(b) gkFk esa jksdM+ (Cash in hand)
(c) LdU/k (LVkWd) (Stock)
6. dEiuh ds vfUre [kkrs dEiuh vf/kfu;e] 2013 dh fdl /kkjk ds
izkokku ds rgr rS;kj fd;s tkrs g (As per provisions of Companies Act, 2013 under which Section, the final accounts
of a company is prepared)
(a) 128
(b) 210
(c) 129
(d) 212
7. Hkkjrh; dEifu;ksa dks viuk fpk dEiuh vf/kfu;e] 2013 dh vuqlwph
III ds fdl Hkkx esa fn;s x;s izk:i ds vuqlkj rS;kj djuk iM+rk gS
(According to which part of schedule III of the Indian
Companies Act, 2013, Indian companies have to prepare Balance Sheet)
(a) Hkkx&1 (Part-1)
(b) Hkkx&2 (Part-2)
(c) Hkkx&3 (Part-3)
(d) Hkkx&4 (Part-4)
8. dEifu;ksa dk vkFkd fpk rS;kj fd;k tk ldrk gS (Balance sheet
of companies may be prepared in)
(a) {kSfrt izk:i esa (In Horizontal Form)
(b) yEcor~ izk:i esa (In Vertical Form)
(c) a ;k b (In Either a or b Form)
9. dEiuh dh [;kfr dks vkFkd fps ds lEifk i{k esa -------------- 'kh"kZd
ds vUrxZr fn[kk;k tkrk gS (Goodwill of a company is shown
on the assets side of the Balance Sheet under the
head)
(a) pkyw lEifk;k (Current Assets)
(b) xSj&pkyw lEifk;k (Non-current Assets)
(c) fofo/k O;; (Miscellaneous Expenditure)
buesa ls dkSu&lh lEifk vkFkd fps esa LFkk;h lEifk 'kh"kZd ds vUrxZr
ug fn[kkbZ tkrh gS (Which of the following assets is not
shown under the head 'Fixed Asset' in the Balance
Sheet)
(a) [;kfr (Goodwill)
(b) izkI; foi= (Bills Receivable)
(c) Hkou (Buildings)
(d) okgu (Vehicle)
lkekU; lap; dks vkfFkZd fpV~Bs esa fdl 'kh"kZd osG vUrxZr fn[kk;k
tk;s x k (Under which heading of Balance Sheet is
general reserve shown) :
(a) fofo/k O;; (Miscellaneous Expenditure)
(b) va'k iwth (Share Capital)
(c) lap; ,oa vfrjsd (Reserves & Surplus)
vkfFkZd fpV~Bs dk izk:i gksrk gS (The form of Balance Sheet
13.
vkFkd fpk esa .ki=ksa dks fn[kk;k tkrk gS -------------- 'kh"kZd ds

vUrxZr (Debentures are shown in the Balance Sheet
under the head of)

(a) vYidkyhu .k (Short-term Loan)
(b) lqjf{kr .k (Long-term Loan)
(d) va'k iwth (Share Capital)
14. ykHkka'k lkekU;r% fn;k tkrk gS (Dividend is usually paid)
(a) vf/kr iwth ij (On Authorised Capital)
(b) fuxZfer iwth ij (On Issued Capital)
(c) iznk iwth ij (On Paid-up Capital)
(d) ;kfpr iwth ij (On Called-up Capital)
15. Mwcr .k ds dkj.k gkfu dks iwjk djus ds fy, tks jkf'k j[kh tkrh gS] mls
dgk tkrk gS (Amount set aside to meet losses due to bad
debts is called)
(a) lap; (Reserve)
(b) vk;kstu (Provision)
16. Hkkjrh; dEiuh vf/kfu;e] 2013 dh fdl /kkjk ds vuqlkj vkFkd
fpk Lohr izk:i esa rS;kj fd;k tkuk pkfg,\ (Which Section of
the Companies Act, 2013, requires that the Balance
Sheet to be prepared in prescribed form ?)
(a) /kkjk (Section) 128
(b) /kkjk (Section) 130
(c) /kkjk (Section) 129
(d) /kkjk (Section) 212
17. dEifu;ksa ds fy, vkFkd fpk dk Lohr izk:i ----------- vuqlwph esa
fn;k x;k gS (The prescribed from of the Balance Sheet
has given in the Schedule)
(a) VI Hkkx I (VI Part I)
(b) VI Hkkx II (VI Part II)
(c) III Hkkx I (III Part I)
(d) VI Hkkx IV (VI Part IV)

99
18. vkFkd fps esa va'k iwth dks ------ 'kh"kZd osG vUrxZr fn[kk;k tkrk gS\
(a) LFkk;h ,oa vLFkk;h lEifk;k (Fixed and Non-fixed Assets)
(Share capital is shown in Balance Sheet under ......
(b) ewrZ ,oa vewrZ lEifk;k (Tangible and Intangible Assets)
the head ?)
(c) xSj&pkyw rFkk pkyw lEifk (Non-Current and Current
Asset)
(c) iznk iwth (Paid-up Capital)
26. fokh; fooj.k 'kCn esa lfEefyr gS (The term financial state(d) va'k/kkjh dks"k (Shareholders' Funds)
ments includes)
19. fuEu esa ls dkSu fokh; fooj.kksa dk rRo gS (Which of the following
(a) ykHk&gkfu fooj.k (Statement of Profit & Loss)
is the element of financial statements)
(b) fLFkfr fooj.k (vkfFkZd fpk) (Balance Sheet)
(a) vkfFkZd fpk (Balance Sheet)
(c) ykHk&gkfu fooj.k ,oa fpk (Statement of Profit & Loss
(b) ykHk&gkfu [kkrk (Profit and Loss A/c)
(c) (a) vkSj (b) nksuksa (Both a and b)
20.
izLrkfor ykHkka'k dks dEiuh ds fLFkfr fooj.k esa -----------'kh"kZd ds

vUrxZr fn[kk;k tkrk gS (Proposed dividend is shown in the
Balance Sheet of a company under the head)

(a) vYidkyhu izko/kku (Short-term Provisions)
(b) lap; ,oa dks"k (Reserves and Surplus)
(d) vU; nkf;Ro (Other Liabilities)
21. lerk ` 90,000; nkf;Ro ` 60,000; o"kZ dk ykHk ` 20,000 rks dqy
lEifk;k gksaxh (Equity ` 90,000; Liabilities ` 60,000; Profit
of the year ` 20,000. Then total assets will be)
(C.P.T., 2008 Dec.)
(a) ` 1,70,000
(b) ` 1,50,000
(c) ` 1,10,000
(d) ` 80,000
22. og lap; tks fdlh fo'ks"k ms'; ls cuk;k tkrk gS vkSj tks vkxe ds fo#
izHkkj gksrk gS] dgykrk gS (The reserve which is created for a
particular (specific) purpose and which is a charge
against revenue is called)
(C.P.T., 2010 June)
(a) iwth lap; (Capital Reserve)
(b) lkekU; lap; (General Reserve)
(c) xqIr lap; (Secret Reserve)
(d) fof'k"V lap; (Specific Reserve)
23. dEiuh dh okf"kZd fjiksVZ tkjh dh tkrh gS (An Annual Report is
issued by a company to its)
(a) lapkyd dks (Directors)
(b) ys[kd dks (Authors)
(c) va'k/kkfj;ksa dks (Shareholders)
(d) izcU/k dks (Management)
24. ,d dEiuh ds ys[kksa }kjk izn'kr ykHk&gkfu dks (The profit and
loss disclosed by the accounts of a company is) :
(a) va'kiwth [kkrs eas gLrkUrfjr fd;k tkrk gSA (Transferred to
share capital account)
(b) ^pkyw ns;rk, rFkk vk;kstu* 'kh"kZd ds vUrxZr fn[kk;k tkrk gSA
(Shown under the head of Current Liabilities and
provisions.)
(c) ^lap; ,oa vf/k'ks"k* 'kh"kZd ds vUrxZr fn[kk;k tkrk gSA (Shown
under the head Reserves and Surplus.)
(d) buesa ls fdlh esa Hkh ugha (None of these)
25. ,d O;olk; dh lEifk;ksa dks ----------- ds :i esa oxhZr fd;k tk
ldrk gSA (The assets of a business can be classified as)
and Balance Sheet)
(d) buesa

27. fLFkfr fooj.k gS (Balance Sheet is a)
(a) [kkrk (Account)
(b) fooj.k (Statement)
(c) 'a' rFkk 'b' (Both 'a' and 'b')
28. fokh; fooj.k ys[kkadu izf;k osG ------- mRikn gSa (Financial statements are the ........ product of accounting process)
(a) izFke (First)
(b) f}rh; (Second)
(c) vfUre (End)
29. fokh; fooj.k iznf'kZr djrs gSa (Financial statements disclose)
(a) ekSfd lwpuk (Monetary information)
(b) xq.kkRed lwpuk (Qualitative information)
(c) vekSfd lwpuk (Non-monetary information)
30. ykHk ,oa gkfu [kkrs dks ------- Hkh dgrs gSa (Profit and Loss Account is also called .......)
(a) ifjpkyu ykHk (Operating Profit)
(b) vkfFkZd fpk (Balance Sheet)
(c) vk; fooj.k (Income Statement)
(d) O;kikj [kkrk (Trading Account)
31. izkjfEHkd O;; dks fps osG -------- 'kh"kZd osG vUrxZr fn[kk;k tkrk gS
(Preliminary expenses are shown in the Balance Sheet
under the head)
(a) xSj pkyw lEifk;k (Non-current assets)
(b) pkyw lEifk;k (Current assets)
(c) xSj pkyw nkf;Ro (Non-current liabilities)
(d) izfrHkwfr izhfe;e lap; esa ls ?kVk;k tk;sxk (Deducted from
securities premium reserve)
32. ykHk&gkfu fooj.k dk MsfcV 'ks"k n'kkZ;k tk;sxk (Debit Balance of
Profit & Loss Statement will be shown on)
(B.S.E.B., 2011)
(a) fps osG lEifk Hkkx esa (Assets Side of Balance Sheet)
(b) fps osG nkf;Ro Hkkx esa (Liabilities Side of Balance Sheet)
(c) lap; ,oa vf/k'ks"k 'kh"kZd osG vUnj (Under the head Reserve & Surplus)
(d) lap; ,oa vf/k'ks"k 'kh"kZd osG vUrxZr .kkRed en osG :i esa
(Under the head Reserves and Surplus as a negative item)
100
33.
isVsUV~l o dkWihjkbV fdl Js.kh osG vUrxZr vkrs gSa (Patents and
copyrights fall under the category of)

(b) rjy lEifk;k (Liquid Assets)
(c) vewrZ lEifk;k (Intangible Assets)
34. [;kfr lEifk osG fdl Js.kh osG vUrxZr vkrh gS (Goodwill falls
under which category of assets)
(a) pkyw lEifk (Current Assets)
(b) ewrZ lEifk (Tangible Assets)
(c) vewrZ lEifk (Intangible Assets)
[mkj % 1. (b), 2. (d), 3. (c), 4. (c), 5. (d), 6. (c), 7. (a), 8. (b),
9. (b), 10. (c), 11. (b), 12. (a), 13. (b), 14. (c), 15. (a),
16. (c), 17. (c), 18. (d), 19. (c), 20. (c), 21. (a), 22. (d),
23. (c), 24. (c), 25. (c), 26. (c), 27. (b), 28. (c), 29. (a),
30. (c), 31. (d), 32. (d), 33. (c), 34. (c)]
(iii)
(iv)
(v)
(vi)
[;kfr (Goodwill)
,dLo (Patents)
pkyw dk;Z (Work in Progress)
i'kq/ku (Live Stock)
mkj
Items
Land and
Buildings
(ii) Sundry
Debtors
(iii) Goodwill
(i)
Heading
Sub-heading
Non-current Assets : Tangible Assets
Fixed Assets
Current Assets
Trade Receivable
Non-current Assets : Intangible Assets
Fixed Assets
Non-current Assets Intangible Assets
Current Assets
Inventories
(iv) Patents
(v) Work in
progress
(vi) Livestock Non-current Assets Tangible Assets
iz'u 4. fuEufyf[kr enksa dks dEiuh osG vkfFkZd fpk esa fdl mi'kh"kZd
osG vUrxZr fn[kk;saxs\ (Under what subheadings will you show
the following items in the Balance Sheet of the Company) ?
(i)
nh?kZdkyhu fuos'k (Long term Investment)

(ii) eksVj dkj (Motor Car),
(iii) va'kksa osG fuxZeu ij NwV (Discount on issue of shares),
(iv) .ki= (Debentures)
mkj
12345678901234
iz'u 1. mu izeq[k 'kh"kZdksa osG uke nsa tks dEiuh vf/kfu;e] 2013 osG
vuqlwph III osG Hkkx I osG vuqlkj ,d dEiuh osG vkfFkZd fpk osG ^lerk
vkSj nkf;Ro* 'kh"kZd osG vUrxZr fn;s tkrs gSaA (List the major head
under which the Equity and Liabilities are presented in
the Balance Sheet of a company as per Schedule III Part I
to the Company Act, 2013.)
mkj(i) Shareholders Funds
(ii) Share Application Money Pending Allotment
(iii) Non-current Liabilities
(iv) Current Liabilities
iz'u 2. ,d dEiuh osG vkfFkZd fpk esa ^lap; rFkk vf/kdks"k* 'kh"kZd
osG vUrxZr izLrqr dh tkus okyh enksa dk uke fy[ksaA (List the name of
items that are to be presented under the heading Reserve
and Surplus in the Balance Sheet of a Company.)
(C.B.S.E., 2006)
mkj(i) Capital Reserve,
(ii) Capital Redemption Reserve
(iii) Securities Premium Reserve (after deducting
Preliminary expenses)
(iv) Debenture Redemption Reserve
(v) Revaluation Reserve
(vi) Share Options Outstanding Account
(vii) Other Reserves
(viii) Balance of Statement of Profit and Loss.
iz'u 3. fuEufyf[kr enksa dks fLFkfr fooj.k osG lEifk i{k esa fdu
'kh"kZdksa osG vUrxZr fn[kk;k tk;sxk\ (Under which headings the
following items will be shown on the assets side of the Balance Sheet ?)
(i) Hkwfe ,oa Hkou (Land and Building)
(ii) fofo/k nsunkj (Sundry Debtors)
Items
Sub-heading
(i) Long-term Investment

(ii) Motor Car
(iii) Discount on issue of
shares
(iv) Debentures
Non-current Investment
Tangible Assets
Other Current Assets
Long term Borrowings
iz'u 5. fuEufyf[kr enksa dks dEiuh osG vkFkd fpk esa vki fdu
'kh"kZdksa osG vUrxZr fn[kk;saxs\ (Under what headings will you
show the following items in the Balance Sheet of the
Company ?)
(i) v;kfpr ykHkka'k (Unclaimed Dividend)
(ii) izkjfEHkd O;; (Preliminary Expenses)
(iii) vfxze ;kpuk, (Calls in advance)
(iv) tCr fd;s gq, va'k (Forfeited shares)
(v) dj osG fy, izko/kku (Provision for Tax)
Items
(i)
(ii)
(iii)
(iv)
(v)
Unclaimed
Dividend
Preliminary
Expenses
Calls in
advance
Forfeited
Shares
Provision
for Tax
Heading
Current Liabilities
Sub-heading (If any)
Other current
Liabilities
Deducted from Security
Premium Reserve
Current Liabilities
Other current
Liabilities
Shareholders Fund
It is added to the paidup capital
Current Liabilities
Short term provisions

101
iz'u 8. mu mi'kh"kZdksa dk uke crkb, ftuosG vUrxZr pkyw lEifk;ksa
iz'u 6. fokh; fooj.k dh pkj lhek, crkb,A (State four limitations of Financial Statements.)
dks dEiuh osG vkFkd fpk esa oxhZr fd;k tk,xkA (Name the
sub-headings under which Current Assets shall be
mkj(i) ijh fn[kkoV (Window dressing) ls izHkkfor gksukA
classified in a Companys Balance Sheet.)
(ii) xq.kkRed fo'ys"k.k dk vHkkoA
mkj(i) Current Investment,
(iii) laoqGfpr {ks=A
(ii) Inventories
(iv) lkglh dh Hkwfedk dh vogsyukA
(iii) Trade Receivables,
iz'u 7. fokh; fooj.k osG D;k ms'; g\ (What are the
(iv) Cash and Cash Equivalents,
objectives of Financial Statement ?)
mkj(i) vko';d fokh; lwpuk, miyC/k djukA
(ii) Hkkoh vtZu {kerk dh tkudkjh nsukA
(iii) jksdM+ izokg osG vuqeku esa lgk;rk djukA
(iv) rqyukRed v/;;u esa lgk;rk djukA
(v) lk/kuksa dk leqfpr mi;ksxA
(v) Short term Loans & Advances, and

(vi) Other Current Assets.
12345678901234
iz'u 1. ,d dEiuh osG ykHk&gkfu fooj.k dk la'kksf/kr izk:i

cukb,A (Draw a revised format of Statement of Profit and
Loss of a Company.)
ykHk&gkfu fooj.k dk Lo:i ,oa izk:i
mkj
(FORMAT OF PROFIT AND LOSS STATEMENT)
PART II
Form of Statement of Profit and Loss
Name of the Company
Profit and Loss Statement
(for the year ended............)
S. No.
Particulars
(` in...........)
Note No.
Figures
for the
Current
Reporting
Period
Figures
for the
Previous
Reporting
Period
I.
II.
Revenue from Operations

Other Income
III.
IV.
Total Revenue (I + II)

Expenses :
Cost of Materials Consumed
Purchase of Stock-in-trade
Change in Inventories of Finished Goods
Work-in-progress
Stock-in-trade
Employee Benefit Expenses
Finance Costs
Depreciation and Amortization Expenses
Other Expenses
Profit before Exceptional and Extra-ordinary

Items and Tax (III-IV)
Exceptional Items
Profit before Extra-ordinary Items and Tax (V VI)

Extra-ordinary Items
Profit before Tax (PBT) (VII VIII)
Tax Expenses :
(1) Current Tax
(2) Deferred Tax
Profit/(Loss) for the period from Continuing Operations (IX X)
Total Expenses
V.
VI.
VII.
VIII.
IX.
X.
XI.
102
XII.
XIII.
Profit/(Loss) from Discontinuing Operations

Tax Expense of Discontinuing Operations
XIV.
Profit/(Loss) from Discontinuing Operations after Tax (XII XIII)
XV.
XVI.
Profit/(Loss) for the period (XI + XIV)

Earnings per Equity Share :
(1) Basic
(2) Diluted
iz'u 2. ,d dEiuh osG vkFkd fpk dk izk:i (la'kks/ku) cukb,A [Draw a format (Revised) of Balance Sheet of a Company.]
mkj
dEiuh osG fps dk la'kksf/kr 'kh"kZ izk:i
(Revised Vertical Format of Companys Balance Sheet)
Schedule III Part I
Name of the Company........
Balance Sheet (as at........)
Figures as at
the end of
Note No. the Current
Financial
Year
Particulars
I.
Equity and Liabilities :

(1) Shareholders Funds :
(a) Share Capital
(b) Reserves & Surplus
(c) Money received against Share Warrants
(2) Share Application Money pending Allotment
(3) Non-current Liabilities :
(a) Long-term Borrowings
(b) Deferred Tax Liabilities (Net)
(c) Other Long-term Liabilities
(d) Long-term Provisions
(4) Current Liabilities :
(a) Short-term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short-term Provisions
Total
II. Assets :
(1) Non-current Assets :
(a) Fixed Assets :
(i) Tangible Assets
(ii) Intangible Assets
(iii) Capital Work-in-progress
(iv) Intangible Assets under Development
(b) Non-current Investments
(c) Deferred Tax Assets (Net)
(d) Long-term Loans and Advances
(e) Other Non-current Assets
(2) Current Assets :
(a) Current Investments
(b) Trade Receivables
Figures
as at the
end of
Previous
Year
`
......
......
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......
......
......
......
......
......
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......
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......
......
......
......
......

(c)
(d)
(e)
(f)
103
Inventories
Short-term Cash Equivalents
Other Current Assets
Total
iz'u 3. fokh; fooj.k D;k gS\ blosG ms';ksa dh O;k[;k dhft,A

(What is Financial Statement ? Explain its objectives.)
vFkok (Or)
fokh; fooj.k ls vki D;k le>rs gSa\ fokh; fooj.k osG ms';
D;k gSa\ (What do you understand by Financial Statements ?
What are the objectives of Financial Statements ?)
mkjfokh; fooj.kksa dk vFkZ (Meaning of Financial
Statements)fokh; ys[kkadu dk;Z dk vfUre mRikn fokh; fooj.k gSA
fokh; fooj.kksa ls vk'k; ,sls fooj.kksa ls gS] tks fdlh O;olk; dh ykHknk;drk
rFkk fokh; fLFkfr dk fp= izLrqr djrs gSaA la{ksi esa] fokh; fooj.kksa ls vfHkizk;
,sls izys[kksa ;k fooj.kksa ls gS ftuesa O;olk; ls lEcfUkr fokh; lwpukvksa dk
o.kZu jgrk gSA fokh; fooj.k osG vUrxZr eq[; :i ls nks fooj.k lfEefyr
fd;s tkrs gSa(i) fpk@fLFkfr&fooj.k (Balance Sheet), (ii) ykHk&gkfu
[kkrk ;k vk; fooj.k (Profit & Loss Account or Income Statement)A tkWu ,u- es;j (John N. Mayer) osG 'kCnksa esa] ^^fokh; fooj.k
O;kikfjd izfr"Bkuksa osG [kkrksa dk lkjka'k izLrqr djrk gSA vkfFkZd fpk ,d
fuf'pr frfFk dks lEifk;ksa] nkf;Roksa ,oa iwth dks iznf'kZr djrk gS vkSj
vk;&fooj.k ,d fuf'pr le;kofk osG f;k&dykiksa dks n'kkZrk gSA**
fLeFk ,oa ,'kcuZ osG 'kCnksa esa] ^^fokh; ys[kkadu dk vfUre fu"d"kZ
fokh; fooj.kksa dk ,d lewg gS] ftls O;kolkf;d mie osG ,dk&
m.Vs.V~l@ys[kkiky rS;kj djrs gSa] tks mie dh fokh; fLFkfr] gky dh f;kvksa
dk ifj.kke vkSj ykHk osG lkFk D;k gqvk gS] osG fo'ys"k.k dks O;Dr djrk gSA**
......
......
......
......
......
......
......
......
......
......
4. lkkuksa dk leqfpr mi;ksx (Proper Utilization of Resources)fokh; fooj.kksa ls bl ckr dh Hkh tkudkjh gksrh gS fd O;olk; osG
ikl miyCk lkkuksa dk leqfpr iz;ksx oSGls gks\ lkkuksa dk izHkko'kkyh <ax ls
iz;ksx dj laLFkk ykHk dh ek=k dks vfkdre dj ldrh gSA
5. jksdM+ izokg osG vuqeku esa lgk;d gksuk (Helpful in the
Estimate of Cash-flow)fokh; fooj.kksa dk ms'; jksdM+ izokg dh fLFkfr
ls voxr djkuk Hkh gksrk gSA bl lEcUk esa egRoiw.kZ lwpukvksa dh izkfIr fokh;
fooj.kksa ls gh gksrh gSA
6. rqyukRed v;;u esa lgk;d (Helpful in Comparative
Study)fokh; fooj.kksa osG vkkkj ij O;olk; dh nks vofk dh vkfFkZd
fLFkfr dk rqyukRed v;;u fd;k tk ldrk gS ,oa fLFkfr dh izof` k (Trends)
dh tkudkjh izkIr dh tk ldrh gSA bu fooj.kksa ls rqyukRed leh{kk esa
lgk;rk feyrh gSA
bl izdkj fokh; fooj.kksa dk ms'; ^^,d mie dh fokh; fLFkfr] dk;Z
fu"iknu rFkk fokh; fLFkfr esa ifjorZu osG lEcUk esa lwpuk iznku djuk gS tks
vkfFkZd fu.kZ;ksa dks ysus esa fofHkUu izdkj osG iz;ksxdrkZvksa osG fy, mi;ksxh
gksrs gSaA**
iz'u 4. fokh; fooj.kksa osG rRoksa dk o.kZu dhft, rFkk bldh izd`fr
Hkh crkb,A (Describe the elements of Financial Statements
fokh; fooj.kksa osG ms';
and state its nature.)
mkjfokh; fooj.kksa osG rRo (Elements of Financial Statements)^^fokh; foojf.k;k O;ogkjksa (Transactions) rFkk vU; ?kVukvksa
(OBJECTIVES OF FINANCIAL STATEMENTS)
(Events) osG fokh; izHkkoksa dks muosG vkfFkZd y{k.kksa osG vuqlkj foLr`r oxks
fokh; fooj.k lwpukvksa osG lzksr gSaA os lwpukvksa dks iz;ksx djus okys
fofHkUu oxks dks ys[kkadu lwpuk, iznku djus dk ek;e gSaA fokh; lwpukvksa
dks iz;ksx djus okys oxks esa va'kkkjd] ysunkj] fofu;ksxdrkZ] izcUkd] deZpkjh]
vkiwfrZdrkZ] dj vfkdkjh] fokh; izsl vkSj vuqlUkkudrkZ vkfn gSaA fokh;
fooj.kksa dh lwpukvksa osG vkkkj ij laLFkk dh ykHkiznrk vkSj fokh; fLFkfr osG
ckjs esa fu"d"kZ fudkys tkrs gSaA bl izdkj fokh; fooj.kksa dk eq[; ms'; fofHkUu
oxks dks lwpuk, iznku djuk gSA la{ksi esa] fokh; fooj.kksa osG ms';ksa dks fuEu
izdkj ls lwphc fd;k tk ldrk gS
1. lwpuk miyCk djuk (To Provide Information)fokh;
fooj.kksa ls O;olk; osG lEcUk esa ykHk vFkok gkfu ;k fokh; fLFkfr dh tkudkjh
gksrh gSA ;s O;olk; dh ykHknk;drk ,oa 'kksku {kerk vkfn osG v;;u gsrq Hkh
vko';d lwpuk, iznku djrs gSaA
2. Hkkoh vtZu {kerk dh tkudkjh nsuk (Knowledge about
Future Earning Capacity)fokh; fooj.k O;olk; dh ykHknk;drk
,oa fokh; fLFkfr dh tkudkjh nsrs gSa ftudk v;;u dj lEHkkfor fuos'kdrkZ
(Investors) laLFkk dh Hkkoh vtZu {kerk ,oa 'kksku {kerk dk v;;u dj
fofu;ksx lEcUkh fu.kZ; ysrs gSaA nwljs 'kCnksa esa] ;s laLFkk dh Hkkoh vtZu {kerk
dh vuqekfur lwpuk iznku djrs gSaA
3. egRoiw.kZ f;kvksa osG lEcUk esa lwpuk nsuk (Information
regarding Important Activities);s O;olk;ksa dks egRoiw.kZ lwpuk,
iznku djrs gSa ftu ij O;olk; ls lEcfUkr ;kstuk, fuHkZj djrh gSa vkSj ftuosG
vkkkj ij O;olk; dh lQyrk fuHkZj djrh gSA
esa lewfgr dj iznf'kZr djrh gSaA bu foLr`r oxks dks fokh; fooj.kksa osG rRo
dgk tkrk gSA**
vUrjkZ"Vh; ys[kkadu ekud lfefr (International Accounting
Standard Committee, IASC) osG vuqlkj fokh; fooj.kksa osG ikp rRo
gSa] ftuesa ls rhu vkfFkZd fpk ;k fLFkfr&fooj.k ls vkSj nks vk; fooj.k ls
lEcfUkr gSaA ;s rRo fuEukafdr gSa
1. lEifk;k (Assets)
2. nkf;Ro ;k ns;rk,
(Liabilities)
vkfFkZd fpk (Balance Sheet)
3. Lokeh dh iwth
(Owner's Equity or
Capital)
vk; (Income)
vk; fooj.k (Income
5. O;; (Expenses)
Statement)
vUrjkZ"Vh; ys[kkadu ekud lfefr (IASC) us bu rRoksa dh ifjHkk"kk
fuEukafdr :i ls nh gS
(1) lEifk (Assets)lEifk mie }kjk fu;fU=r Hkwrdkyhu ?kVukvksa
osG dkj.k ,d lkku lzksr gS vkSj ftlls Hkfo"; esa mie esa vkfFkZd ykHk
izokfgr gksrk gSA
lEifk;k vkfFkZd lzksrksa dk izfrfufkRo djrh gSa rFkk dEiuh osG fy,
egRoiw.kZ gksrh gSaA
4.
104
(2) nkf;Ro (Liability)nkf;Ro mie ; dk orZeku mkjnkf;Ro

;k ns;rk gS tks Hkwrdkyhu ?kVukvksa ls mfnr gksrk gS ftlosG fuiVkus ls mie osG
lzksrksa] tks vkfFkZd ykHkksa osG :i esa lfUufgr gksrs gSa] dk cfgxZeu gksrk gSA
bl izdkj nkf;Ro nsunkfj;k gksrh gSa ftls QeZ vius ysunkjksa dks Hkfo"; esa
pqdkrh gSA
(3) lerk (Equity) ;k Lokeh dh iwt
h (Owner's Equity) Lokeh
dh iwth ;k lerk mie dh lEifk;ksa esa bldh lHkh ns;rkvksa (nkf;Roksa) osG
?kVkus osG i'pkr~ vo'ks"k fgr gSA bl izdkj] lerk = lEifk;k nkf;RoA
(4) vk; (Income)vk; ls vfHkizk; ys[kkadu o"kZ esa vkfFkZd ykHkksa
esa vfHko`f ls gS tks vUrizZokg ;k lEifk;ksa esa o`f ;k mu nkf;Roksa esa deh osG
:i esa gksrk gS ftuls Lokeh dh iwth ;k lerk esa o`f gksrh gSA
fokh; fooj.kksa dh izfr (Nature of Financial Statements)fokh; fooj.kksa dh izfr osG vUrxZr fuEufyf[kr dk mYys[k fd;k
tk ldrk gS
(1) fokh; fooj.k ys[kkadu izf;k dk vfUre ifj.kke gSA
(2) fokh; fooj.kksa dk lEcUk Hkwrdky ls gksrk gS vkSj blfy, bUgsa
,sfrgkfld izys[k ekuk tkrk gSA
(3) fokh; fooj.kksa dh izfr fokh; gS vFkkZr~ ;s eqk esa O;Dr dh tk ldus
okyh lwpuk, iznku djrs gSaA
(4) fokh; fooj.k ys[kkafdr rF;ksa ij vkkkfjr gSaA
(5) fokh; fooj.kksa dks fofHkUu ys[kkadu vokkj.kkvksa] ifjikfV;ksa vkSj
ijEijkvksa osG vkkkj ij cuk;k tkrk gSA
(6) fokh; fooj.kksa esa ykHk&gkfu [kkrk ykHkiznrk rFkk fLFkfr&fooj.k
fokh; fLFkfr n'kkZrk gSA
(7) fokh; fooj.k O;olk; dh laf{kIr fjiksVZ gSA
(8) fokh; fooj.k ,d fuf'pr vofk osG fy, cuk;s tkrs gSaA
(9) fokh; fooj.kksa dks rF;ksa] ys[kkadu ifjikfV;ksa rFkk O;fDrxr fu.kZ; osG
feJ.k ls cuk;k tkrk gSA
(10) fokh; fooj.k orZeku vkfFkZd ewY; ugha n'kkZrkA
iz'u 5. vk; fooj.k osG fofHkk rRoksa dk o.kZu dhft,A (Describe
the various elements of Income Statements.)
mkjvk; fooj.k osG fofHkUu rRo (Various Elements of

Income Statements)
(1) kl (Depreciation)ykHk&gkfu [kkrs esa kl cgqr gh egRoiw.kZ
en gSA dEiuh vf/kfu;e dh /kkjk 123(2) osG vuqlkj kl dh x.kuk osG
lEcU/k esa fuEu fu;e gSa(v) kl dh x.kuk lEifk osG vifyf[kr ewY;
(Written down value) ij vuqlwph II (Schedule II) esa nh x;h njksa ij
dh tk;sxhA
(c) kl dh og jkf'k tks lEifk dh ewy ykxr osG 95% dks ml lEifk
dh fufnZ"V vof/k ls Hkkx nsus ij izkIr gksrh gSA fufnZ"V vof/k ls vk'k; ml
vof/k ls gS ftlesa lEifk ij yxk;k x;k kl ml lEifk osG ewY; dk 95% gks
tkrk gSA
(l) kl dh x.kuk fdlh Hkh fof/k ls dh tk;s ftlosG fy, osGUh; ljdkj
ls vuqefr fey x;h gS vkSj ftlosG }kjk fufnZ"V vof/k esa lEifk dh ewy ykxr
dk 95% gkfly gks tkrk gSA
(n) fdlh ,slh lEifk ij ftlosG fy, bl vf/kfu;e vFkok blosG vUrxZr
cuk;s x;s fdUgha fu;eksa esa nj fu/kkZfjr ugha gS rks kl fdlh ,sls vkkkj ij
fudkyk tk;sxk] ftls osGUnzh; ljdkj us ljdkjh xtV esa izdkf'kr fd;k gS
vFkok fdlh fo'ks"k ekeys osG fy, dksbZ fo'ks"k vkns'k fn;k gSA
dEiuh vf/kfu;e osG izko/kkuksa osG vUrxZr kl lEifk osG okLrfod ewY;
ij vFkok vifyf[kr ewY; ij fudkyk tk ldrk gSA kl Hkh fdlh Hkh fof/k ls
fudkyk tk;s ;g vko';d gS fd lEifk dh ewy ykxr dk 95% fufnZ"V vofk
esa kl osG :i esa vifyf[kr gks tk;sA kl lEifk osG ; djus dh frfFk ls
fudkyk tk ldrk gSA
fo|kfFkZ;ksa dks ;g uksV djuk pkfg, fd dEiuh osG fy, LFkk;h lEifk;ksa ij
kl yxkuk vfuok;Z ugha gS] ysfdu ;fn dEiuh dks ykHkka'k ?kksf"kr djuk gS rks
og ,slk kl dh O;oLFkk djus osG ckn gh dj ldrh gSA fiNys o"kks osG kl dks
ykHk dk cVokjk ekuk tkrk gS vkSj mls pkyw o"kZ osG Profit & Loss Account
esa ugha fn[kkuk pkfg,A
(2) .ki=ksa ij C;kt (Interest on Debentures)pkyw o"kZ osG
Profit & Loss Account esa iwjs o"kZ dk C;kt fn[kk;k tkuk pkfg,A ,d
dEiuh dk ;g oS/kkfud nkf;Ro gS fd og .ki=ksa ij C;kt dk Hkqxrku lzksr ij
dj dh dVkSrh osG ckn djsA pkyw o"kZ esa ?kjsyw dEifu;ksa osG lEcU/k esa dj dh
dVkSrh 20% vkSj xSj&dEiuh djnkrkvksa osG fy, 10% gSA dEiuh osG Profit
& Loss A/c esa C;kt dh ldy jkf'k fn[kk;h tkrh gSA ljdkj dks ns;
vk;dj Balance Sheet esa nkf;Ro i{k esa fn[kk;k tkrk gSA
(3) lEifk osG fuekZ.k gsrq fy, x;s .k ij C;kt (Interest on
Money Borrowed for Construction of an Asset)lEifk osG
fuekZ.k gsrq fy, x;s .k ij C;kt ml lEifk dh ykxr gS vkSj bls Profit
& Loss A/c esa ugha fn[kk;k tkrkA
(4) C;kt dh izkfIrdEiuh dks fofu;ks x ks a ij iz k Ir C;kt dh
ldy jkf'k dks Profit & Loss A/c dh Credit Side esa fn[kk;k tkrk gSA
(5) izkjfEHkd O;; (Preliminary Expenses)izkjfEHkd O;; esa
dEiuh dh LFkkiuk] iath;u] lekesyu vkfn 'kkfey fd;k tkrk gSA ftl jkf'k
dks pkyw o"kZ esa vifyf[kr fd;k tkuk gS] mls Profit & Loss Account osG
Debit Side esa fn[kk;k tkrk gSA 'ks"k jkf'k dks Balance Sheet esa Assets
Side osG vUnj Miscellaneous Expenditure 'kh"kZd osG vUrxZr fn[kk;k
tkrk gSA
(6) dj lek;kstu (Tax Adjustments)dj lek;kstu ls lEcfUkr
fuEu ensa egRoiw.kZ gSa
(i) lzksr ij dj dh dVkSrh (Tax Deducted at Source)tc
dEiuh dks fofu;ksxksa ij C;kt vFkok ykHkka'k izkIr gksrk gS rks Hkqxrku djus okyh
dEiuh lzksr ij dj dh dVkSrh djrh gSA lzksr ij dj dh dVkSrh dks ns; vk;dj
ls lek;ksftr fd;k tkrk gSA
(ii) dj dk vfxze Hkqxrku (Advance Payment of Tax)vk;dj
vf/kfu;e dh /kkjk 207 osG vuqlkj ;fn fdlh djnkrk dh vk; ,d fufnZ"V
lhek ls vf/kd gS rks mls vfxze dj dk Hkqxrku djuk iM+rk gSA dj dk vfxze
Hkqxrku ,d iwoZnk O;; (Prepaid expense) gS vkSj bls Balance Sheet
dh Assets Side esa fn[kk;k tkrk gSA dj fu/kkZj.k osG le; bls ns; vk;dj
esa lek;ksftr fd;k tkrk gS
(iii) ns; vk;dj (Income Tax Payable)vk;dj ,d O;; gS
vkSj blfy, bls Profit & Loss Account osG Debit i{k esa fn[kk;k tkrk
gSA dj fu/kkZj.k osG le; bl jkf'k esa ls dj osG vfxze Hkqxrku vkSj lzksr ij dkVs
x;s dj dk lek;kstu fd;k tkrk gSA bl lEcU/k esa fuEu izfof"V;k dh tkrh gS
a
(i) Profit & Loss A/c
To Income Tax Payable A/c
Dr.
(Income tax due)
(ii) Income Tax Payable A/c

To Advance Payment of Tax A/c
To Tax Deducted at Source A/c
(Tax liability settled)
Dr.

105
vxj dj&fu/kkZj.k dh izf;k lekIr ugha gqbZ gS rks ^dj dk vfxze Hkqxrku* /kkjk 129 osG vUrxZr vuqlwph III, Hkkx I osG izko/kkuksa osG vuqlkj izfrHkk
rFkk lzkrs ij dkVk x;k dj Balance Sheet osG Assets Side esa Current dEiuh fy- dk fLFkfr&fooj.k 31 ekpZ] 2013 dks rS;kj dhft, %
(Prepare a Balance Sheet of Pratibha Co. Ltd. as on 31st
Assets Loans and Advances 'kh"kZd osG vUrxZr fn[kk;k tkrk gSA
(iv) vk;dj osG fy, izko/kku (Provision for Taxation)vk;dj March, 2013 as per provisions of Part I, Schedule III, under
osG fy, izko/kku dks Profit & Loss A/c osG Debit Side esa fy[kk tkrk gS] section 129 of the Companies Act, 2013 from the given
information) :
`
ftlosG fy, fuEu izfof"V dh tkrh gS
Profit & Loss A/c
Dr.
lkekU; lap; (General Reserve)
30,000
To Provision for Taxation A/c
.ki= (Debentures)
30,000
ykHk&gkfu
[kkrk
(tek)
[Profit
and
Loss
A/c
(Cr.)]
12,000
bls Balance Sheet dh Liabilities i{k esa Current Liabilities
LFkk;h lEifk;ksa ij kl (Depreciation on Fixed
and Provisions 'kh"kZd osG vUrxZr fn[kk;k tkrk gSA
Assets)
7,000
tc Trial Balance esa vk;dj osG fy, izko/kku dk 'ks"k gksrk gS rks pkyw
oq
G
y
LFkk;h
lEifk;k
(Gross
Fixed
Assets)
90,000
o"kZ osG ns; vk;dj dks bl iqjkus vk; dj osG fy, izko/kku esa lek;ksftr fd;k
pkyw nkf;Ro (Current Liabilities)
25,000
tkrk gS vkSj Profit & Loss A/c esa ugha fn[kk;k tkrkA iqjkus vk;dj osG
iz
k
jfEHkd
O;;
(Preliminary
Expenses)
3,000
fy, izkokku vkSj ns; vk;dj osG vUrj dks Profit & Loss Appropriation
61,000
A/c esa fn[kk;k tkrk gSA
lerk
va
'
k
iw
t
h
(Equity
Share
Capital)
50,000
iz'u 6. fuEufyf[kr nh gqbZ lwpukvksa ls dEiuh vf/kfu;e] 2013 dh
Solution :
In Vertical Form
Pratibha Company Ltd.
Balance Sheet
Figures as
Figures as
Note No at the end of at the end of
31.3.2013
31.3.2012
Particulars
1
I.

(a) Share Capital
50,000
39,000
30,000
25,000
1,44,000
83,000
61,000

Debentures
Total
II. Assets :
Fixed Assets
(2) Current Assets
1,44,000
Notes to Accounts :
1. Share Capital :
Equity Share Capital
2.
Reserves and Surplus :

General Reserve
Profit & Loss A/c
Preliminary Exps.
Less : Depreciation on Fixed Assets
83,000
50,000
iz'u 7. 31 ekpZ] 2013 dks jktk fy- dh iqLrdksa ls fuEufyf[kr

[kkrk cgh 'ks"k fy, x;s g (The following ledger balances were
30,000
12,000
(3,000)
39,000
3.
Fixed Assets :
Gross Fixed Assets
7,000
`
50,000
90,000
extracted from the books of Raja Ltd. as on 31st March,

2013) :
Hkwfe ,oa Hkou ` 2,00,000; 12% .ki= ` 2,00,000; va'k iwth

lerk va'k] izR;sd ` 10 okyk iw.kZ Hkqxrku fd;s gq,_ la;U=
1,00,000
106
,oa e'khujh ` 8,00,000; [;kfr ` 2,00,000; o#.k fy- osG va'kksa esa
fuos'k ` 2,00,000; izkI; fcy ` 50,000; nsunkj ` 1,50,000; ysunkj
` 1,00,000; cd .k (vlqjf{kr) ` 1,00,000; dj osG fy, izko/kku
` 50,000; 12% .ki=ksa osG fuxZeu ij ck ` 5,000; izLrkfor ykHkka'k
` 55,000; jgfr;k ` 1,00,000; lkekU; lap; ` 2,00,000A [Land
and Building ` 2,00,000; 12% Debentures ` 2,00,000; Share
Capital 1,00,000 Equity Shares of ` 10 each fully paid-up;
Plant and Machinery ` 8,00,000; Goodwill ` 2,00,000;
Investment in Shares of Varun Ltd. ` 2,00,000; Bills
Solution :
Receivable ` 50,000; Debtors ` 1,50,000; Creditors

` 1,00,000; Bank Loan (Unsecured) ` 1,00,000; Provision
for Taxation ` 50,000; Discount on Issue of 12% Debentures
` 5,000; Proposed Dividend ` 55,000 Stock ` 1,00,000;
General Reserve ` 2,00,000.]
vkidks dEiuh vf/kfu;e] 2013 dh vuqlwph III, Hkkx I osG vuqlkj

dEiuh dk fpk rS;kj djuk gSA (You are required to prepare the
Balance Sheet of the Company as per Schedule III, Part I
of the Companies Act, 2013.) (C.B.S.E., 1998; Delhi, 2002)
Raja Ltd.
Balance Sheet
Figures as
Figures as
Note No. at the end of at the end of
31.3.2013
31.3.2012
Particulars
1
I.

(a) Share Capital
Long-term Borrowings :
12% Debentures
Bank Loan
1
2
(a) Trade Payables (Creditors)
10,00,000
1,95,000
2,00,000
1,00,000
1,00,000
(b) Short-term Provisions :

Proposed Dividend
55,000
Provision for Tax

Total
II. Assets :
(a) Fixed Assets :
(i) Tangible Assets
(ii) Intangible Assets (Goodwill)
(b) Non-current Investments (Shares of Raja Ltd.)
(i) Stock
(ii) Trade Receivables
4
Total
50,000
17,00,000
10,00,000
2,00,000
2,00,000
1,00,000
2,00,000
17,00,000
Notes to Accounts :
1.
2.
Share Capital :
1,00,000 Equity Shares of ` 10 each, fully paid-up
Reserves and Surplus :
General Reserve
Discount on Issue of 12% Debentures
`
10,00,000
2,00,000
(5,000)
1,95,000
fokh; fo'ys"k.k
3.
107
Tangible Assets :
Land and Building
2,00,000
Plant and Machinery
8,00,000
10,00,000
4.
Trade Receivables :
Debtors
Bills Receivables
1,50,000
50,000
2,00,000
13
fokh; fo'ys"k.k
[FINANCIAL ANALYSIS]
(d)

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1. yEcor~ fo'ys"k.k dks dgk tkrk gS (Vertical Analysis is also
known as) :
(a) vfLFkj fo'ys"k.k (Fluctuation Analysis)
(b) fLFkj fo'ys"k.k (Static Analysis)
(c) {kSfrt fo'ys"k.k (Horizontal Analysis)
2. fokh; fo'ys"k.k mi;ksxh gS (Financial analysis is useful)
(a) fofu;ksxdrkZ ds fy, (For Investors)
(b) va'k/kkfj;ksa ds fy, (For Shareholders)
(c) .ki=/kkfj;ksa ds fy, (For Debentureholders)
(d) mi;qZDr lHkh (All the above)
3. fokh; fooj.kksa ds fo'ys"k.kksa esa 'kkfey gksrk gS (Analysis of financial statements involve)
(a) O;kikfjd [kkrk (Trading A/c)
(b) ykHk&gkfu [kkrk (Profit & Loss A/c)
(c) vkfFkZd fpk (Balance Sheet)
4. fokh; fo'ys"k.k egRoiw.kZ gS D;ksafd ;g (Financial analysis is
significant because it)
(a) xq.kkRed i{k dh mis{kk djrk gS (Ignores qualitative aspect)
(b) ifjpkyu dq'kyrk dh tkp djrk gS (Judges operational
efficiency)
(c) fokh; fooj.kksa dh lhekvksa ls xzflr gS (Suffers from the limitations of financial statements)
fo'ys"kd dh O;fDrxr ;ksX;rk rFkk O;fDrxr i{kikr ls izHkkfor

gksrk gS (It is affected by personal ability and bias of
the analysis)
5.
vk; fooj.k D;k n'kkZrk gS\ (What is shown by the Income
Statement ?)
(a) iqLrdksa dh 'kqrk (Accuracy of books of accounts)
(b) ,d fuf'pr vof/k dk ykHk vFkok gkfu (Profit or Loss of a
certain period)
(c) jksdM+ cgh dk 'ks"k (Balance of Cash Book)
6. fLFkfr fooj.k D;k n'kkZrk gS\ (What is shown by Balance
Sheet ?)
(b) ,d fuf'pr vof/k dk ykHk ;k gkfu (Profit or loss of a specific period)
(c) fuf'pr frfFk ij fokh; fLFkfr (Financial position on a
specific date)
7. fuEu esa ls dkSu&lk fokh; fooj.k dk ms'; gS\ (Which of the
following is the purpose or objective of financial
analysis)
(a) QeZ dh orZeku ykHkiznrk dks ewY;kafdr djuk (To assess the
current profitability of the firm)
(b) QeZ dh 'kks/ku {kerk dh tkudkjh izkIr djuk (To measure
the solvency of the firm)
(c) QeZ dh vYidkfyd rFkk nh?kZdkfyd ork dh fLFkfr dk ewY;kadu
djuk (To assess the short-term and long-term
liquidity position of the firm.)
8. buesa ls fokh; fooj.kksa esa fgr j[kus okys i{k dkSu&ls gSa\ (Out of the
following which parties are interested in financial statements ?)
(a) izcU/kd (Managers)
108
(b) fokh; laLFkk (Financial Institutions)
(c) ysunkj (Creditors)
9.
fuEu esa ls dkSu&lh fokh; fooj.k fo'ys"k.k dh lhek ugha gS (Which of
the following is not a limitation of financial statement

analysis ?)
(a) fokh; lqn`<r+ k dk Kku izkIr gksuk (To measure the financial
strength)
(b) >wBs fn[kkos ls izHkkfor gksuk (Affected by window-dressing)
(c) ewY; Lrj esa ifjorZu dks izdV u djuk (Do not reflect changes
in price level)
(d) xq.kkRed fo'ys"k.k dk vHkko (Lack of Qualitative Analysis)
10. le&foPNsn fo'ys"k.k n'kkZrk gS (Break-even Analysis shows)
(a) ykxr vkSj fo; ds chp lEcU/k (Relationship between
cost and sales)
(b) mRiknu vkSj ; ds chp lEcU/k (Relationship between
production and purchases)
(c) ykxr vkSj vk; ds chp lEcU/k (Relationship between cost
and Revenue)
(d) mijksDr esa ls dksbZ ugha (None of these)
11. fuEu esa ls ,d mie dh okLrfod vkFkd fLFkfr dkSu n'kkZrk gS\
(Which of the following shows the actual financial position of an enterprise ?)
(a) dks"k&izokg (Fund Flow)
(b) vkFkd fpk (Balance Sheet)
(c) ykHk&gkfu [kkrk (P & L A/c)
(d) vuqikr fo'ys"k.k (Ratio Analysis)
12. ,d O;kolkf;d m|e osG fokh; fooj.k esa lfEefyr gksrs gSa (The financial statements of a business enterprise include)
(a) fpk@rqyu&i= (Balance Sheet)
(b) ykHk o gkfu [kkrk (Profit and Loss Account)
(c) jksdM+ izokg fooj.k (Cash Flow Statement)
13. dEiuh dh okf"kZd fjiksVZ dks fuxZfer fd;k tkrk gS (An annual report is issued by company to its) (B.S.E.B., 2011)
(a) lapkydksa osG fy, (Directors)
(b) vaosG{kdksa osG fy, (Auditors)
(c) va'k/kkjdksa osG fy, (Shareholders)
(d) izcU/ku osG fy, (Management)
14. fpk (rqyu&i=) m|e dh fokh; fLFkfr lEcU/kh lwpuk, izLrqr djrk
gS (Balance Sheet provides information about financial
position of the enterprise)
(a) nh xbZ fo'ks"k vof/k ij (At a Point of Time)
(b) fo'ks"k vof/k osG nkSjku (Over a Period of Time)
(c) fo'ks"k vof/k osG fy, (For a Period of Time)
15. ykHk o gkfu [kkrs dks -------- Hkh dgrs gSa (Profit and Loss Account is also called ........)
(b) vk; fooj.k (Income Statement)

(c) ifjpkyu ykHk (Operating Profit)
(d) fofu;ksx (Investment)
16. fuEu esa ls dkSu&lk dFku lgh gS (Which of the following statement is correct)
(a) lEifk;k = nkf;Ro + va'k/kkfj;ksa dk dks"k (Assets = Liabilities + Shareholders funds)
(b) lEifk;k = dqy dks"k (Assets = Total funds)
(c) lEifk;k = ckgjh O;fDr;ksa osG dks"k (Assets = Funds of outsiders)
17. fuEu esa ls dkSu&lk dFku lgh gS\ (Which of the following is
correct ?)
(a) izfr?kkfrr vk; = dqy vkxe (Retained Earnings = Total
Income)
(b) izfr?kkfrr vk; = vkxe O;; (Retained Earnings = Revenue expenses)
(c) izfr?kkfrr vk; = ldy ykHk (Retained Earnings = Gross
Profit)
18. lapkydksa dh fjiksVZ dEiuh dh fdl lHkk esa izLrqr dh tkrh gS\ (In
which meeting of company directors report is presented ?)
(a) lapkydksa dh lHkk (Director's Meeting)
(b) okf"kZd lk/kkj.k lHkk (Annual General Meeting)
(c) izcU/kdksa dh lHkk (Managers Meeting)
(d) mijksDr esa ls lHkh (All of the above)
19. lkexzh osG mi;ksx osG vk/kkj ij buesa ls dkSu fokh; fo'ys"k.k osG izdkj
gSa\ (Which of the following is a type of Financial Analysis on the basis of material used ?)
(a) vkUrfjd fo'ys"k.k (Internal Analysis)
(b) ck fo'ys"k.k (External Analysis)
(c) vkUrfjd vads{k.k (Internal Audit)
(d) 'a' ,oa 'b' nksuksa ('a' and 'b' both)
20. izf;k osG vk/kkj ij fuEu esa ls dkSu fokh; fo'ys"k.k osG izdkj gSa\ (On
the basis of process, which of the following is the type
of financial analysis ?)
(a) {kSfrt fo'ys"k.k (Horizontal Analysis)
(b) 'kh"kZ fo'ys"k.k (Vertical Analysis)
(c) vuqikr fo'ys"k.k (Ratio Analysis)
(d) 'a' ,oa 'b' nksuksa ('a' and 'b' both)
21. fuEu esa ls dkSu&lh fokh; fooj.k dh lhek gS\ (Which of the
following is limitation of financial analysis ?)
(a) fn[kkoVhiu (Window-dressing)
(b) ewY;kadu dk vk/kkj (Basis of Valuation)
(c) 'kqrk dh deh (Lack of Accuracy)
22. vxz esa ls dkSu&lh fokh; fooj.k dh lhek ugha gS\ (Which of the
following is not the limitation of financial analysis ?)
fokh; fo'ys"k.k
109
fokh; fooj.kksa osG fo'ys"k.k osG egRo dks la{ksi esa crkb;sA (Briefly
(a)
'kqrk dh deh (Lack of Accuracy)

(b) Hkwrdkyhu rF;ksa ij vk/kkfjr (Based on Historical facts)
(c) ewY;kadu dk vk/kkj (Basis of Valuation)
(d) ykHk&gkfu dh lwpuk (Information of Profit and Loss)
23. tc nks ;k vf/kd laLFkkvksa osG fokh; fooj.kksa dk fo'ys"k.k fd;k tk;s rks
bls dgk tkrk gS (When Financial Statements of two or
more organisations are analysed, it is called)
(a)
vkUrfjd QeZ fo'ys"k.k (Intra-firm Analysis)

(b) vUrj&laLFkk fo'ys"k.k (Inter-firm Analysis)
(c) 'kh"kZ fo'ys"k.k (Vertical Analysis)
[mkj % 1. (b)] 2. (d)] 3. (d)] 4. (b), 5. (b), 6. (c), 7. (d), 8. (d),
explain the importance of analysis of financial statement.)

mkj(i) oSKkfud fu.kZ;fokh; fooj.k osG fo'ys"k.k osG vk/kkj ij
fy, x;s fu.kZ; izk;% =qfVjfgr vkSj mfpr gksrs gSaA

(ii) ewY;kaduO;olk; osG ysunkj] cSadlZ bR;kfn bl rduhd osG iz;ksx
ls laLFkk dh fokh; fLFkfr vkSj .k 'kks/ku {kerk dk ewY;kadu djrs gSaA
(iii) vaosG{k.kdEiuh osG vaosG{k.k bl rduhd dk iz;ksx vaosG{k.k
dk;Ze cukus rFkk vaosG{k.k izfrosnu rS;kj djus esa djrs gSaA
iz'u 3. ljdkj osG fy, fokh; fooj.kksa osG fo'ys"k.k dk egRo dSls
gS\ (How is analysis of financial statements important to
the Government ?)
(C.B.S.E., 2009)
9. (a), 10. (a), 11. (b), 12. (d), 13. (c), 14. (a), 15. (b),
16. (a), 17. (d), 18. (b), 19. (a), 20. (d), 21. (d),
22. (d), 23. (b)]
mkjfokh; fooj.kksa osG fo'ys"k.k ls ljdkj ;g Kkr dj ldrh gS fd

fdl m|ksx dks ykxr dh rqyuk esa ykHk de gS\ fdl m|ksx dks lgk;rk dh
vko';drk gS\ fdl m|ksx esa 'kqYd de ;k vf/kd djuk gS\ fdl m|ksx esa
ewY; fu;U=.k ykxw fd;k tkuk vko';d gS\
iz'u 4. .knkrkvksa osG fy, fokh; fooj.kksa osG fo'ys"k.k D;ksa
egRoiw.kZ gS\ (Why is analysis of financial statements impor-
tant to creditors ?)
mkjO;olk; esa lk/kkj.kr% nks rjg osG .knkrk gksrs gSavYidkyhu

vkSj nh?kZdkyhuA vYidkyhu .knkrk fokh; fooj.kksa osG fo'ys"k.k ls laLFkk
dh rjyrk dh tkudkjh izkIr djosG ;g Kkr dj ldrs gSa fd laLFkk osG ikl .k
pqdkus osG fy, i;kZIr pkyw lEifk rFkk udnh gS ;k ughaA
blh izdkj nh?kZdkyhu .knkrk blosG ek/;e ls ;g Kkr djrs gSa fd muosG
.k vkSj C;kt dk Hkqxrku mfpr le; ij gks losGxk ;k ughaA
iz'u 5. fokh; fooj.kksa osG fo'ys"k.k dh rhu lhekvksa dks la{ksi esa
crkb;sA (Briefly explain three limitations of analysis of
12345678901234
iz'u 1. fokh; fooj.kksa osG fo'ys"k.k osG ms';ksa dh la{ksi esa O;k[;k
djsaA (Briefly explain the objectives of analysis of financial
statement.)
(C.B.S.E., 2010, 11)
mkj(i) vtZu {kerk dh tkudkjhfokh; fo'ys"k.k dk eq[; ms';
;g Kkr djuk gS fd fofu;ksftr iwth ij D;k ykHk vtZu gks jgk gSA
(ii) 'kks/ku {kerk dh tkudkjhO;olk; vius vYidkyhu vkSj
nh?kZdkyhu .kksa osG Hkqxrku dh fLFkfr esa gS ;k ugha bldh tkudkjh fo'ys"k.k ls
lEHko gSA
(iii) rqyukRed v/;;ufo'ys"k.k dk ms'; ;g irk yxkrk gS fd
leku izfr osG vU; Qeks dh rqyuk esa gekjh fLFkfr D;k gS\
(iv) mi;ksxh lwpukizcU/k dks mi;ksxh lwpuk nsus osG fy, Hkh fokh;
fo'ys"k.k vko';d gSA
iz'u 2. fokh; fooj.kksa osG fo'ys"k.k osG rhu ykHkksa dks crkb;sA
(Explain three advantages of analysis of financial statement.)
(C.B.S.E., 2010 C)
vFkok (Or)
financial statements.)
mkj(i) vfo'oluh;
(C.B.S.E., 2009)
(C.B.S.E., 2005, 07, 09 C)
rqyuk;fn nks O;olk;ksa esa ys[kkadu dh

vyx&vyx fof/k;k viuk;h tkrh gSa rks nksuksa osG chp dh xbZ rqyuk vfo'oluh;
gksrh gSaA
(ii) ijh fn[kkoV ls izHkkfordbZ ckj fokh; fooj.kksa esa oqGN ijh
fn[kkoV Hkh gksrh gSa] tSlsLVkWd dks vf/kd ewY; ij fn[kkuk] ; dh izfof"V
u djuk] kl osG fy, de jkf'k dk vk;kstu djuk] bR;kfnA blls v'kq
ifj.kke vkrs gSaA
(iii) Hkkoh vuqikr esa dfBukbZfokh; fooj.k Hkwrdkyhu vkfFkZd
?kVukvksa dk ys[kk&tks[kk gksrk gSA
vr% blosG vk/kkj ij Hkkoh vuqeku Hkzked Hkh gks ldrs gSaA
iz'u 6. {kSfrt fo'ys"k.k rFkk yEcor~~ ;k 'kh"kZ fo'ys"k.k esa vUrj crkb;sA (Distinguish between Horizontal and Vertical Analysis.)
mkj
{kSfrt fo'ys"k.k rFkk yEcor~~ ;k 'kh"kZ fo'ys"k.k esa vUrj
vUrj dk vk/kkj
1. vof/k
2. rqyuk dh ensa
3. fn'kk dh tkudkjh
4.
midj.k
{kSfrt fo'ys"k.k
blesa nks ;k vf/kd o"kks osG vkdM+s gksrs gA
blesa fofHkUu o"kks osG leku enksa dh rqyuk dh tkrh gSA
vf/kd o"kks osG vkdM+ksa osG fo'ys"k.k gksus ls O;olk; dh fn'kk
dh tkudkjh feyrh gSA
bldk eq[; midj.k izo`fk fo'ys"k.k gSA
iz'u 7. fokh; fooj.k dh rhu fo'ks"krkvksa dk o.kZu djsaA

(Explain three characteristics of financial statement.)
mkj(i) fokh; fooj.kksa esa vadksa dks ljy :i esa izLrqr fd;k tkrk gSA
(ii) fokh; fooj.kksa dh enksa dks Li"V oxks esa foHkkftr fd;k tkrk gSA
(iii)
yEcor~ ;k 'kh"kZ fo'ys"k.k

blesa osGoy ,d o"kZ osG vkdM+s gksrs gA
blesa ,d gh o"kZ osG fofHkUu enksa dk fo'ys"k.k fd;k tkrk gSA
,d gh o"kZ ;k vof/k osG vkdM+s osG v/;;u ls O;olk; oGh fn'kk
dh tkudkjh ug feyrh gSA
bldk eq[; midj.k le&vkdkj fooj.k gSA
blosG ek/;e ls fofHkUu enksa dh vkil esa rqyuk dh tkrh gS]
ifjorZuksa dk irk yxk;k tkrk gS vkSj blosG vk/kkj ij mfpr fu"d"kZ
fudkys tkrs gSaA
110
14
fokh; fo'ys"k.k osG ;U= ;k midj.k

[TOOLS OF FINANCIAL ANALYSIS]
(c) ys[kkadu vuqikr (Accounting Ratios)


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123456789012345678
7.
funsZ'kfuEufyf[kr iz'uksa esa ,d fodYi lgh gSA lgh fodYi dk p;u

dj mkj rkfydk esa vafdr djsa %
Instruction : In the following questions there is only
one correct answer. You have to mark only the correct
answer in the answer booklet :
1. fokh; fooj.kksa osG fuoZpu esa 'kkfey gksrk gS %
Interpretation of Financial Statements includes :
(B.S.E.B., 2013)
(a) vkykspuk ,oa fo'ys"k.k (Criticisms and Analysis)
(b) rqyuk ,oa izo`fk v/;;u (Comparison and Trend Study)
(c) fu"d"kZ fudkyuk (Drawing Conclusion)
2. {kSfrt fo'ys"k.k tkuk tkrk gS %
Horizontal Analysis is also known as :
(a) xfr'khy fo'ys"k.k (Dynamic Analysis)
(b) lajpukRed fo'ys"k.k (Structural Analysis)
(c) LFkSfrd fo'ys"k.k (Static Analysis)
3. 'kh"kZ@mnxz fo'ys"k.k tkuk tkrk gS %
Vertical Analysis is also known as :
(a) LFkSfrd fo'ys"k.k (Static Analysis)
(b) xfr'khy fo'ys"k.k (Dynamic Analysis)
(c) lajpukRed fo'ys"k.k (Structural Analysis)
4. rqyukRed fooj.kksa dks ;g Hkh dgrs g %
Comparative Statements are also known as :
(a) f;k'khy fo'ys"k.k (Dynamic Analysis)
(b) {kSfrt@lekukUrj fo'ys"k.k (Horizontal Analysis)
(c) yEc:i fo'ys"k.k (Vertical Analysis)
(d) ck fo'ys"k.k (External Analysis)
5. le:i fooj.kksa dks fuEufyf[kr osG uke ls Hkh tkuk tkrk gS %
Common-size Statement are also known as :
(c) yEcor~@'kh"kZ fo'ys"k.k (Vertical Analysis)
6. fokh; fo'ys"k.k ds fy, midj.k lkekU;r% iz;qDr gSa (The most commonly used tools for financial analysis are)
(a) rqyukRed fooj.k (Comparative Statement)
(b) lkekU; vkdkj fooj.k (Common size Statement)
8.
9.
10.
11.
12.
,d va'k/kkjh }kjk fokh; fooj.kksa dk fo'ys"k.k mnkgj.k gS (The analysis of financial statement by a shareholder is an example of)
(a) ck fo'ys"k.k dk (External Analysis)
(b) vkUrfjd fo'ys"k.k (Internal Analysis)
(c) yEcor~ fo'ys"k.k dk (Vertical Analysis)
(d) {kSfrt fo'ys"k.k dk (Horizontal Analysis)
izo`fk izfr'kr dh x.kuk ds fy, fdlh Hkh o"kZ dks pquk tkrk gS (For
calculating trend percentages any year is selected as)
(a) pkyw o"kZ (Current year)
(b) xr o"kZ (Previous year)
(c) vk/kkj o"kZ (Base year)
fokh; fooj.kksa dh rqyuk ds fy, midj.k g (Tools for comparison of financial statements are)
(a) rqyukRed vkFkd fpk (Comparative Balance Sheet)
(b) rqyukRed vk; fooj.k (Comparative Income Statement)
(c) le:i fooj.k (Common-size Statement)
izo`fk vuqikr vkSj izo`fk izfr'kr iz;ksx fd;s tkrs g (Trend ratios
and trend percentage are used in)
(a) izkoSfxd fo'ys"k.k esa (Dynamic analysis)
(b) LFkSfrd fo'ys"k.k esa (Static analysis)
(c) {kSfrt fo'ys"k.k esa (Horizontal analysis)
(d) yEcor~ fo'ys"k.k (Vertical Analysis)
rqyukRed fooj.k n'kkZrs gSa (Comparative Financial Statements
show)
(a) ,d laLFkk dh vkFkd fLFkfr (Financial position of a concern)
(b) ,d laLFkk dh miktZu 'kfDr (Earning capacity of a concern)
(c) mijksDr nksuksa (Both of them)
(d) mijksDr esa ls dksbZ ugha (None of these)
rqyukRed fokh; fo'ys"k.k fooj.k fo'ys"k.k dh izf;k fdl fooj.k dh

nks"kh enksa dh rqyuk dks n'kkZrh gS (Comparative financial analy-
sis process shows the comparison between the items

of which statement)
(b) ykHk&gkfu fooj.k (Profit and Loss Statement)
(c) 'a' rFkk 'b' nksuksa ('a' and 'b' both)
13. vxz esa ls dkSu&lh fokh; fooj.k osG fo'ys"k.k dh fof/k ugha gS (Which
of these are not the method of financial statement
analysis ?)

(a)
(b)
(c)
(d)
vuqikr fo'ys"k.k (Ratio Analysis)

rqyukRed fo'ys"k.k (Comparative Analysis)
izo`fk fo'ys"k.k (Trend Analysis)
iwthdj.k fof/k (Capitalisation Method)
14. leku vkdkj osG fooj.k izk;% rS;kj fd;s tkrs gSa (Common-size
financial statements are mostly prepared)
(a) vuqikr osG :i esa (In Proportion)
(b) izfr'kr osG :i esa (In percentage)
(c) 'a' rFkk 'b' nksuksa ('a' and 'b' both)
15. ,d dEiuh dh ewrZ lEifk;k ` 4,00,000 ls c<+dj ` 5,00,000 gks
xbZA buesa fdrus izfr'kr dk ifjorZu gqvk\ (Tangible assets of a
company increased from ` 4,00,000 to ` 5,00,000. What
is the percentage of change ?)
(a) 20%
(b) 25%
(c) 33 %
16.
(d) 50%
o"kZ 2011 esa dEiuh dk va'k/kkjh dks"k ` 8,00,000 FkkA ;g o"kZ 2012
esa ` 12,00,000 gks x;k] rks fdrus izfr'kr ifjorZu gqvk (A company's
shareholders fund was ` 8,00,000 in the year 2011. It

because ` 12,00,000 in the year 2012. What is the percentage of change ?)
(a) 100%
(b) 25%
(c) 50%
(d) 33.3%
17. ,d dEiuh osG 'kq fo; ` 15,00,000; fo; gq, eky dh ykxr
` 10,00,000 vkSj vizR;{k O;; ` 3,00,000 rks ldy ykHk dh jkf'k
gksxh (A company's net sales are ` 15,00,000; cost of sales
is ` 10,00,000 and indirect expenses are ` 3,00,000, the
amount Gross profit will be)
(a) ` 13,00,000
(b) ` 5,00,000
(c) ` 2,00,000
(d) ` 12,00,000
18. vk;dj dk Hkqxrku ekuk tkrk gS (Payment of Income Tax is
considered as)
(a) izR;{k O;; (Direct Expenses)
(b) vizR;{k O;; (Indirect Expenses)
(c) lapkyu O;; (Operating Expenses)
19. .kksa ij C;kt gS (Interest on Loan is)
(a) lapkyu O;; (Operating Expenses)
(b) izR;{k O;; (Direct Expenses)
(c) vizR;{k O;; (Indirect Expenses)
20. fo; esa ls csps x;s eky dh ykxr ?kVkdj Kkr dh xbZ jkf'k gksrh gS
(Sales less Cost of goods sold is called)
(a) lapkyu ykHk (Operating Profit)
(b) ldy ykHk (Gross Profit)
(c) 'kq ykHk (Net Profit)
(d) dqy ykHk (Total Profit)
21. fo; ` 2,00,000; csps x;s eky dh ykxr fo; dk 60%, vizR;{k
O;; ` 6,000, rks 'kq ykHk dh jkf'k gksxh (Sales ` 2,00,000; cost
111
of goods sold 60% of sales; Indirect expenses ` 6,000.

The net profit will be)
(b) ` 60,000
(a) ` 54,000
(c) ` 1,14,000
(d) ` 74,000
22. ;fn ,d QeZ dh dqy lEifk;k ` 12,00,000 gks vkSj xSj pkyw lEifk;k
` 9,00,000 gksa rks xSj&pkyw lEifk;k dqy lEifk;ksa dk fdrus izfr'kr
gksxh\ (If total assets of a firm are ` 12,00,000 and its
non-current assets are ` 9,00,000, what will be percentage of non-current assets to total assets ?)
(a) 50%
(b) 75%
(c) 25%
(d) 80%
23. ;fn ,d QeZ dh dqy lEifk;k ` 10,00,000 gksa vkSj xSj pkyw lEifk;k
` 6,00,000 gksa rks pkyw lEifk;k dqy lEifk;ksa dk fdrus izfr'kr
gksxh\ (If total assets of a firm are ` 10,00,000 and its
non-current assets are ` 6,00,000, what will be the
percentage of current assets on total assets ?)
(a) 60%
(b) 50%
(c) 40%
(d) 30%
24. leku vkdkj osG vkfFkZd fpk esa dqy lerk ,oa nkf;Roksa dks fdlds
cjkcj ekuk tkrk gS (In a common-size Balance Sheet, total
equity and liabilities are assumed to be equal to)
(a) 1,000
(b) 100
(c) 10
(d) 1
[mkj % 1. (d)] 2. (a)] 3. (a)] 4. (b)] 5. (c), 6. (d), 7. (a), 8. (c),
9. (d), 10. (c), 11. (c), 12. (c), 13. (d), 14. (c), 15. (b),

16. (c), 17. (c), 18. (c), 19. (a), 20. (b), 21. (d),
22. (b), 23. (c), 24. (b)]


1234567890123
iz'u 1. fokh; fo'ys"k.k osG fy, iz;qDr gksus okys midj.k ;k

rduhd dkSu ls g\ (What are the techniques or tools used for
financial analysis ?)
mkj(i) rqyukRed fooj.k] (ii) lkekU;&vkdkj fooj.k] (iii) vuqikr
fo'ys"k.k] (iv) jksdM+ izokg fooj.k] (v) dks"k izHkko fooj.k] (vi) izof` k fo'ys"k.k]
(vii) le&foPNsn fo'ys"k.kA
iz'u 2. rqyukRed fokh; fooj.kksa osG ms';ksa dk o.kZu djsaA
(Describe the objectives of Comparative Financial Statements.)
mkj(i) nks vof/k;ksa osG fooj.kksa dk rqyukRed v/;;u dj laLFkk dh
izxfr ;k dfe;ksa dk irk yxkukA

(ii) fokh; fooj.kksa dh fofHkUu enksa esa gqbZ o`f dks izfr'kr osG :i esa izdV
djukA
(iii) O;kolkf;d laLFkk osG iwokZuqeku osG fy, fokh; fooj.kksa dks rS;kj
djukA
(iv) nks vof/k;ksa esa nh gqbZ en&okj o`f ;k deh osG vk/kkj ij v/;;u
dj fu"d"kZ fudkyukA
iz'u 3. rqyukRed vk; fooj.k osG fuekZ.k dh fof/k crkb;sA (State
the preparation method of Comparative Income Statement.)
mkj(i) igys dkWye esa vk;&O;; dh ensa fy[krs gA
(ii) nwljs dkWye esa xr o"kZ osG vkdM+s dks fn[kk;k tkrk gSA
(iii) rhljs dkWye esa pkyw o"kZ osG vkdM+s dks fn[kk;k tkrk gSA
112
(iv)
pkSFks dkWye esa fofHkUu enksa esa gq, ifjorZu osG vkdM+s dks fy[kk
(ii) vk; fooj.k dh fofHkUu enksa dks fo; ls lEcU/k LFkkfir djukA
(iii) vkFkd fps dh fofHkUu enksa dk oqGy lEifk;ksa vFkok nkf;Roksa ls
(v) ikpos dkWye esa ifjorZu dks izfr'kr esa fn[kk;k tkrk gSA
iz'u 4. leku vkdkj okys fooj.kksa osG D;k ms'; g\ (What are
the objectives of Common Size Statement ?)
mkj(i) fofHkUu enksa esa ifjorZuksa dks 'kq fo;] oqGy lEifk;ksa vFkok
lEcU/k LFkkfir djukA

(iv) leku vkdkj osG fooj.k }kjk rqyuk osG fy, ,d leku vk/kkj izLrqr
djukA
iz'u 5. rqyukRed vk; fooj.k osG izk:i nsaA (Give a format of
oqGy nkf;Roksa osG izfr'kr osG :i esa O;Dr djukA
a Comparative Statement.)
tkrk gSA
Solution :
Format of a Comparative Income Statement

Comparative Income Statement
(for the year ended 31st March, 2012 and 2013)
Particulars
I. Revenue from Operations (Net Sales)

II. Add Other Incomes
III. Total Revenue (I + II)
IV. Less : Expenses :
Cost of Materials Consumed
Employee Benefit Expenses
Finance Costs
Depreciation and Amortisation Expenses
Total Expenses
V. Profit before Tax (III IV)
VI. Less : Tax
VII. Profit after Tax (V VI)
Absolute % Increase
Increase
or
or
Decrease
Decrease in Relation
over 2012
to 2012
2012
2013
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
iz'u 6. rqyukRed fLFkfr fooj.k dk izk:i nsaA (Give a format of Comparative Balance Sheet.)
Solution :
Format of a Comparative Balance Sheet

Comprative Balance Sheet
as at 31st March, 2012 and 2013
Particulars

1. Shareholders Funds
Share Capital
Reserves and Surplus
2. Non-current Liabilities
Long-term Borrowing
3. Current Liabilities :
Short-term Borrowings
Trade Payables
Short-term Provisions
Total
II. Assets
1. Non-current Assets :
Fixed Assets
Absolute % Increase
Increase
or
or
Decrease
Decrease in Relation
over 2012
to 2012
2012
2013
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
..
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...

(i) Tangible
(ii) Intangible
Non-current Investment
2. Current Assets
Trade Receivables
Other Current Liabilities
1234567890123
113
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
fooj.k (Particulars)
iz'u 1. fuEufyf[kr lkexzh ls rqyukRed :i esa ykHkksa dk

fooj.k rS;kj dhft;s (From the following data, prepare a
fo; (Sales)
ldy ykHk vuqikr (Gross Profit
Statement of Profits in the Comparative form) :

(B.S.E.B., 2014; C.B.S.E., Delhi, 2006)
Solution :
31.3.2010
31.3.2011
` 6,00,000
` 8,00,000
30%
40%
` 40,000
` 1,00,000
50%
50%
Ratio)
iz'kkldh; O;; (Administration

Expenses)
vk;&dj (Income-tax)
Comparative Statement of Profits

(for the years ended 31st March, 2010 and 2011)
Particulars
31.3.2010 31.3.2011
`
(A) Sales
Less : Cost of Goods Sold
Absolute
Change
Change in
Percentage
(Increase)
6,00,000
4,20,000
8,00,000
4,80,000
2,00,000
60,000
33.33
14.29
(B) Gross Profit

Less : Administrative Expenses
1,80,000
40,000
3,20,000
1,00,000
1,40,000
60,000
77.78
150.00
(C) Profit before Tax

Less : Income-tax (50%)
1,40,000
70,000
2,20,000
1,10,000
80,000
40,000
57.14
57.14
70,000
1,10,000
40,000
57.14
(A B)
Net Profit after Tax
iz'u 2. X fyfeVsM osG 31 ekpZ dks lekIr gq, o"kZ osG fy, ykHk&gkfu fooj.k ls ^rqyukRed ykHk&gkfu fooj.k* rS;kj dhft, (From the
following statement of Profit and Loss for the year ended 31st March, 2014, prepare a Comparative Statement of Profit
of X Ltd.) :
izpkyu ls vk; (Revenue from Operations)
vU; vk; (Other Incomes)
O;; (Expenses)
2013-14
2012-13
10,00,000
5,00,000
7,50,000
2,00,000
10,50,000
7,50,000
vk;dj dh nj 50% (Rate of Income Tax 50%).

Solution :
Comparative Statement of Profit

(for the year ended 31st March, 2013 and 2014)
Particulars
2012-13
I. Revenue from Operations

II. Other Incomes
7,50,000
2,00,000
2013-14
10,00,000
5,00,000
Absolute
Change
Increase/
Decrease
`
2,50,000
3,00,000
% Change
+/
%
+ 33.33
+ 50.00
114
IV. Expenses
9,50,000
7,50,000
15,00,000
10,50,000
5,50,000
3,00,000
+ 57.89
+ 40.00
2,00,000
4,50,000
2,50,000
+ 125.00
1,00,000
2,25,000
1,25,000
+ 125.00
1,00,000
2,25,000
1,25,000
+ 125.00
Less : Tax @ 50%

VI. Profit after Tax
iz'u 3. fuEufyf[kr ls lekukdkj fpk rS;kj djsa (Prepare common-size statement from the following) :
Balance Sheet of Amrit Ltd.
Amount
`
(a) Share Capital :
Share Capital
(b) Reserves and Surplus :
Reserve
Profit and Loss
Current Liabilities
1,60,000
50,000
30,000
1,10,000
Total
3,50,000
Assets
(1) Fixed Assets
Current Assets
2,00,000
1,50,000
+PFKXKFWCN+VGOQH .KCDKNKVKGU#UUGVU5KFG
Total
3,50,000
6QVCN.KCDKNKVKGU#UUGVU
Solution :
Common-size Balance Sheet of Amrit Ltd.

(` in '000)
Amount
% with
Total
Assets/Liab.
(a) Share Capital
(b) Reserve and Surplus :
Reserve
Profit and Loss
Current Liabilities :
Total
1,60,000
45.71
50,000
30,000
1,10,000
14.29
8.57
31.43
3,50,000
100.00
2,00,000
1,50,000
57.14
42.86
3,50,000
100.00
Assets
(1) Fixed Assets :
Plant and Machinery
Current Assets
Total
Formula : % =
100

115
iz'u 4. pkSjfl;k fy- dk vkFkd fpk 31 ekpZ] 2012 ,oa 2013 dks fuEu gS (The Balance Sheet of Chaurasia Ltd. for the year
(` in '000)
ending 31st March, 2012 and 2013 are as follows) :

Note No.
1. Shareholders Funds :
Capital Reserves
2. Non-current Liabilities :
Trade Payables
Total
31st
March
2012
31st
March
2013
4,000
150
5,000
900
600
800
250
5,000
300
7,000
2,000
1,000
600
3,000
1,500
800
400
800
200
5,000
500
900
300
7,000
Assets
(a) Fixed Assets :
Land and Buildings
Plant and Machinery
(b) Investments (Non-current)
2. Current Assets :
Inventories
Trade Receivables
Total
,d rqyukRed fLFkfr&fooj.k dk fuekZ.k nksuksa fujis{k vkdM+ksa esa deh ,oa o`f rFkk izfr'kr n'kkZrs gq, djsaA (Draw a Comparative
Balance Sheet showing increases and decreases both in absolute figures and in percentage.)
Solution :
Comparative Balance Sheet of Chaurasia Ltd.
(as on 31st March, 2012 and 2013)
Note No.
Capital Reserves
2. Non-current Liabilities :
Long-term Borrowing
(10% Debentures)
Trade Payables
Total
31st
March
2012
31st
March
2013
(` in '000)
Increase
Percentage
or
Change
Decrease
%
4,000
150
5,000
900
1,000
750
25
500
600
800
200
33.33
250
5,000
300
7,000
50
2,000
20
40
3,000
600
4,500
800
1,500
200
50
33.33
400
800
200
5,000
500
900
300
7,000
100
100
100
2,000
25
12.50
50
40
Assets
(a) Fixed Assets :
(b) Investments (Non-current)
2. Current Assets :
Inventories
Trade Receivables
Total
Notes to Accounts : 1. Fixed Assets :
Land and Building
Plant and Machinery
2012 (`)
2,000
1,000
3,000
2013 (`)
3,000
1,500
4,500
116
iz'u 5. ".kk fyfeVsM osG 31 ekpZ] 2013 dks lekIr o"kZ osG fy, fuEu lwpuk ls lkekU; vkdkj fooj.k fo'ys"k.k rS;kj dhft, (Prepare
Common-size Statement from the following Income Statement of Krishna Ltd. for the year ended March, 31, 2013) :
(NCERT)
vk; fooj.k (Income Statement)
(` 000 esa)
vk; (Income) :
fo; (Sales)
fofo/k vk; (Miscellaneous Income)
2,538
26
oqGy vk; (Total Income)

O;; (Expenses) :
csps x;s eky dh ykxr (Cost of Goods Sold)
iz'kkldh; O;; (Administrative Expenses)
fo; O;; (Selling Expenes)
vU; vizpkyu O;; (Other Non-Operating Expenses)
2,564
1,422
184
720
40
oqGy O;; (Total Expenses)
2,366
dj (Tax)
Solution :
68
Common-size Income Statement of Krishna Ltd.
(for the year ended March, 31, 2013)
Particulars
(` in 000)
I. Revenue from Operations (Sales)
2,538
100
II. Other Income

IV. Less : Expenses :
Cost of Goods Sold
Other Expenses
26
2,564
.03
1,422
944
2,366
7.25
28.37
35.62
198
68
130
7.80
2.68
5.12
Total Expenses
VI. Less : Tax
VII. Profit after Tax (V VI)
15
ys[kkadu vuqikr
[ACCOUNTING RATIOS]

123456789012345678
123456789012345678
funsZ'kvxzfyf[kr iz'uksa esa ,d fodYi lgh gSA lgh fodYi dk p;u

dj mkj rkfydk esa vafdr djsa %
Instruction : In the following questions there is only
one correct answer. You have to mark only the correct

answer in the answer booklet :
1. vkn'kZ rjy vuqikr gS (The ideal liquid ratio is) :
(B.S.E.B., 2009, 13)
(a) 2 : 1
(b) 1 : 1
(c) 5 : 1
(d) 4 : 1
2. vkn'kZ pkyw vuqikr gS (The ideal current ratio is) :
(B.S.E.B., 2010, 11, 13)
ys[kkadu vuqikr
(a) 2 : 1
(b) 1 : 2
(c) 3 : 2
(d) 3 : 4
3.
lapkyu vuqikr gS (Operating Ratio is) : (B.S.E.B., 2010)

(a) ykHknk;drk vuqikr (Profitability Ratio)
(b) f;k'khyrk vuqikr (Activity Ratio)
(c) 'kks/ku {kerk vuqikr (Solvency Ratio)
4. ykHkiznrk vuqikr lkekU;r% iznf'kZr fd;k tkrk gS (Profitability
Ratio is generally shown in) :
(a) lk/kkj.k vuqikr (Simple Ratio)
(b) izfr'kr (Percentage)
(c) xq.kk (Times)
5. ;fn fch ` 4,20,000, fch okifl;k ` 20,000 rFkk csps x;s eky
dh ykxr ` 3,20,000 gks rks ldy ykHk vuqikr gksxk (If sales is
` 4,20,000, sales returns is ` 20,000 and cost of goods
sold is ` 3,20,000, gross profit ratio will be) :
(b) 25%
(c) 15%
(d) 10%
(a) 20%
6. LVkWd vkorZ vuqikr osG vUrxZr vkrk gS (Stock turnover ratio
comes under) :
(a) rjyrk vuqikr (Liquidity Ratio)
(b) ykHkiznrk vuqikr (Profitability Ratio)
(c) fu"iknu vuqikr (Activity Ratio)
7. vkUrfjd vkSj ck LokfeRo osG e/; ,d lUrks"ktud vuqikr--------------- gSA
(The satisfactory ratio between internal and external
equity is ...............) :
(a) 1 : 2
(b) 2 : 1
(c) 3 : 1
(d) 4 : 1
8. pkyw vuqikr gS (Current Ratio is) :
(a) f;k'khyrk vuqikr (Activity Ratio)
(c) rjyrk vuqikr (Liquidity Ratio)
(d) 'kks/ku{kerk vuqikr (Solvency Ratio)
9. pkyw vuqikr (Current Ratio) :
(a) pkyw lEifk;k@pkyw nkf;Ro (Current Assets/Current Liabilities)
(b) rjy lEifk;k@pkyw lEifk;k (Liquid Assets/Current Liabilities)
(c) rjy lEifk;k@pkyw lEifk;k (Liquid Assets/Current
Assets)
(d) LFkk;h lEifk;k@pkyw lEifk;k (Fixed Assets/Current
Assets)
10. rjy lEifk;ksa esa 'kkfey gksrk gS (Liquid Assets include) :
(a) izkI; foi= (Bills Receivable)
(c) jksdM+ 'ks"k (Cash Balance)
11. vEy&ijh{k.k vuqikr dh x.kuk djus esa fuEufyf[kr lEifk;ksa esa ls
dkSu&lh lEifk dks /;ku esa ugha j[kk tkrk (Which of the following assets is not taken into consideration in calculating acid-test ratio) :
117
(a) jksdM+ (Cash)

(c) LVkWd (Stock)
12. tc jksdM+ ` 10,000 gS] LVkWd ` 25,000 gS] izkI; fcy ` 5,000 gS]
ysunkj ` 22,000 gS vkSj cSad vf/kfod"kZ ` 8,000 gS rks pkyw vuqikr
gksxk (When Cash is ` 10,000, Stock is ` 25,000, B/R is
` 5,000, Creditors is ` 22,000 and Bank Overdraft is
` 8,000, then current ratio is) :
(a) 2 : 1
(b) 4 : 3
(c) 3 : 4
(d) 1 : 2
13. ork ds nks vk/kkjHkwr eki gSa (The two basic measures of liquidity are)
(a) LVkWd vkorZ vkSj pkyw vuqikr (Inventory Turnover and
Current Ratio)
(b) pkyw vuqikr vkSj ork vuqikr (Current Ratio and Liquid
Ratio)
(c) pkyw vuqikr vkSj vkSlr laxzg.k vof/k (Current Ratio and
Average Collection Period)
(d) pkyw vuqikr rFkk nsunkj vkorZ vuqikr (Current Ratio and
Debtors Turnover Ratio)
14. rjy vuqikr (Liquidity Ratio)

%WTTGPV#UUGVU

%WTTGPV.KCDKNKVKGU

%WTTGPV.KCDKNKVKGU

.KSWKF#UUGVU

%WTTGPV.KCDKNKVKGU

.KSWKF#UUGVU
(a)
(b)
(c)
(d) buesa
15.
ls dksbZ ug (None of these)

'kCn ^pkyw nkf;Ro* esa 'kkfey ugha gksrk gS (The Term Current
liabilities does not include)

(a) fofo/k ysunkj (Sundry Creditors)
(b) .ki= (Debentures)
(c) ns; fcy (Bills Payable)
(d) vnk O;; (Outstanding Expenses)
16. 'kCn ^pkyw lEifk* esa 'kkfey gksrk gS (The term Current Assets include)
(a) nh?kZdkfyd fuos'k (Long-term Investment)
(b) vYidkfyd fuos'k (Short-term Investment)
(d) izkjfEHkd O;; (Preliminary Expenses)
17. rjy vuqikr dks uke ls Hkh tkuk tkrk gS (Liquid Ratio is also
known as)
(a) pkyw vuqikr (Current Ratio)
(b) 'kh?kz vuqikr (Quick Ratio)
(c) iwth vuqikr (Capital Ratio)
18. fn;k gqvk gS % pkyw vuqikr = 2 : 1 (Given : Current ratio =
2 : 1), 'kq dk;Z'khy iwth (Net working capital) = ` 60,000A
118
rks pkyw nkf;Roksa dh jkf'k D;k gS\ (What is the amount of cur-
25.
rent Liabilities ?) :
19.
LokfeRo vuqikr LokfeRo dks"k rFkk ------ osG lEcU/k dks n'kkZrk gS
(a) ` 30,000
(b) ` 60,000
(Proprietory Ratio indicates the relationship between

proprietor's funds and ......)
(c) ` 90,000
(d) ` 1,00,000
(a) lap; (Reserve)
tc Rofjr vuqikr = 3, pkyw lEifk;k ` 70,000, LVkWd ` 10,000 rks

pkyw nkf;Ro gksxk (When Quick Ratio = 3, Current Assets
(b) va'k iwt

h (Share Capital)
(c) dqy lEifk;k (Total Assets) (d) .ki= (Debentures)

26.
` 70,000, stock ` 10,000 then current liabilities will
LokfeRo vuqikr dh x.kuk fuEu lw= }kjk dh tkrh gS (Proprietory

ratio is calculated by the following formula)
be)
20.
(a) ` 20,000
(b) ` 30,000
(c) ` 40,000
(d) ` 60,000
(a)
,d QeZ dh rjyrk Kkr djus osG fy, dkSu&lk vuqikr ykHknk;d gS\
(b)
(To test the liquidity of a concern which of the following ratios is useful ?)
(c)
(a) iwth vkorZ vuqikr (Capital Turnover Ratio)
ijh{k.k vuqikr (Acid Test Ratio)

(c) LVkWd vkorZ vuqikr (Stock Turnover Ratio)
(d) 'kq ykHk vuqikr (Net Profit Ratio)
21. fuEu esa ls dkSu&lk O;ogkj pkyw vuqikr esa lq/kkj yk;sxk (Which of
(b) vEy
(d) buesa

27. ,d dEiuh dk nh?kZdkyhu 'kks/ku {kerk Kkr djus osG fy, dkSu&lk
vuqikr vR;Ur egRoiw.kZ gS (Which one of the following ratios is most important in determining the long-term
solvency of a company ?)
the following transactions will improve the current

ratio)

(b) .k&lerk vuqikr (Debt-Equity Ratio)
(a) eky dk udn ; (Purchase of goods for cash)

(b) xzkgdksa ls jksdM+ izkIr (Cash received from customers)
(c) LVkWd
vkorZ vuqikr (Stock Turnover Ratio)

(c) ysunkjksa dks Hkqxrku (Payment of creditors)
vuq
ikr
6WTPQXGTCV5GNNKPI2TKEG
(Current Ratio)

(d)
pkyw
%WTTGPV#UUGVU
6QVCN#UUGVU
6CPIKDNG#UUGVU
6QVCN#UUGVU

5JCTGJQNFGTU (WPF

6WTPQXGTCV%QUV
6QVCN#UUGVU
&GDV
(d) eky dk m/kkj ; (Credit purchase of goods)
28. dqy lEifk;k (Total Assets)
` 8,10,000
VGTO.QCPU
VGTO.QCPU

6QVCN.KCDKNKVKGU

6QVCN.KCDKNKVKGU

.QPI

6QVCN#UUGVU

5VQEMCV5GNNKPI2TKEG

.QPI
5VQEMCV%QUV

5JCTGJQNFGTU (WPF
22. .k&lerk vuqikr gS (Debt-equity ratio is)
dqy nkf;Ro (Total Liabilities)
` 2,60,000
(B.S.E.B., 2013)
` 40,000
.k&lerk vuqikr gS (Debt-equity ratio is)
(a) 0.5 : 1
(b) 0.4 : 1
(c) 'kks/ku{kerk vuqikr (Solvency Ratio)
(c) 2.5 : 1
(d) 4 : 1
(d) lapkyu vuqikr (Operating Ratio)
29. lerk va'k iwth (Equity share capital)
` 15,00,000
23. .k&lerk vuqikr Kkr djus dk lw= gS (The formula for findlap; ,oa vf/k'ks"k (Reserve and Surplus)
` 7,50,000
ing out Debt-equity Ratio is)
(a)
dqy lEifk;k (Total Assets)

LokfeRo vuqikr (Properletory Ratio) ?
nh?kZdkyhu .k@va'k/kkfj;ksa dk dks"k (Long-term Debts/

Shareholders Funds)
(b) .ki=@lerk iwth (Debentures/Equity Capital)

(c) 'kq ykHk@dqy iwth (Net Profit/Total Capital)
(d) buesa

24. dqy lEifk&.k vuqikr Kkr djus dk lw= gS (The formula for
30.
ascertaining Total Assets to Debt Ratio is)
(a) 50%
(b) 33.3%
(c) 200%
(d) 60%
dqy lEifk;k (Total Assets)

` 7,70,000
dqy nkf;Ro (Total Liabilities)
` 2,60,000
` 40,000
dqy lEifk&.k vuqikr gS (Total Assets to Debt Ratio is)
(a) 3.5 : 1
(a)
(c) 2.8 : 1
(b)
(c)
(d)
31.
` 45,00,000
LVkWd vkorZ
(a)
(b)
(b) 2.56 : 1
(d) 3 : 1
vuqikr (Stock Turnover Ratio)
ys[kkadu vuqikr
119
39. lapkyu O;; gS (Operating Ratio is)
(c)
(c) 'kks/ku{kerk vuqikr (Solvency Ratio)
32. o"kZ dh dqy fch ` 2,00,000 o"kZ dh udn fch ` 40,000 vkSlr
nsunkj ` 40,000 rks nsunkj fch vuqikr gS (Total sales for the
year ` 2,00,000, Cash sales for the year ` 40,000, Aver- 40. buesa ls dkSu ifjpkyu vkrk gS\ (Which of the following is an
33.
34.
35.
36.
37.
38.
operating income ?)
(a) oLrqvksa dh fch (Sale of Merchandise)
(b) C;kt vk; (Interest Income)
(c) ykHkka'k (Dividend Income)
(d) iqjkuh dkj dh fch ls ykHk (Profit on the sale of old car)
41. buesa ls dkSu xSj&lapkyu vk; gS (Which of the following are
non-operating income)
(a) oLrqvksa dh fch (Sale of Merchandise)
(b) C;kt vk; (Interest Income)
(c) ykHkka'k vk; (Dividend Income)
(d) iqjkuh dkj dh fch ls ykHk (Profit on the sale of old car)
dwV (Code)
(a) 1, 2 & 3
(b) 1, 2, & 4
(c) 2, 3 & 4
(d) lHkh (All)
42. fuEu esa ls dkSu&lk xSj&lapkyu O;; gS (Which of the following
non-operating expense)
(a) fdjk;k (Rent)
(b) fch
O;;
(Selling

%QUVQHExpenses)
)QQFU5QNF
(c) etnw
jh (Wages)

#XGTCIG5VQEM
(d) e'khujh fo; ij gkfu (Loss on Sale of Machinery)
43. ;fn ldy ykHk dh nj csps x;s eky dh ykxr ij 20% gS rFkk fch
` 3,00,000 gS rks ldy ykHk gksxk (If the rate of gross profit is
20% on cost of goods sold and sales are ` 3,00,000, then
the total gross profit will be)
(a) ` 50,000
(b) ` 60,000
(c) ` 40,000
(d) ` 75,000
44. C;kt osG ckn fdUrq dj osG iwoZ 'kq ykHk = ` 1,40,000, 15% nh?kZdkyhu
.k ` 4,00,000, fofu;ksftr iwth = ` 5,00,000, fofu;ksftr iwth
ij izR;k; gksxh (Net profit after interest but before tax =
` 1,40,000, 15% Long-term debts ` 4,00,000, capital employed = ` 5,00,000. Return on capital employed will
be)
(a) 28%
(b) 40%
(c) 22%
(d) 15%
-------- vuqikr izeq[k :i ls O;olk; dh vk; miktZu {kerk dh x.kuk
djrs gSa (The ...... ratios are primarily measures of earn- 45. fn;k gS (Given that) :
12% iwokZf/kdkj va'k iwth (Preference share
ing capacity of the business)
capital)
` 2,00,000
(a) ork (Liquidity)
(b) f;k'khyrk (Activity)
20,000
lerk
iz
R
;s
d
`
10
dk
(20,000
equity
(c) .k (Debt)
(d) ykHkiznrk (Profitability)
shares of ` 10 each)
` 4,00,000
ldy ykHk vuqikr ldy ykHk osG lkFk fdldk vuqikr gS (The gross
dj
i'pkr~
'kq
ykHk
(Net
profit
after
tax)
` 1,44,000
profit ratio is the ratio of gross profit to)
izfr va'k vk; gksxh (Earning per share will be)
(a) 'kq udn fch (Net Cash Sales)
(a) ` 6
(b) ` 7.20
(c) ` 5
(d) ` 3
(b) 'kq m/kkj fch (Net Credit Sales)
46.
vuq
i
krks
a
ds
vxz
oxZ
iz
e
q
[
k
:i
ls
tks
f
[ke
dh
x.kuk
djrs
gSa (The
(c) vfUre jgfr;k (Closing Stock)
following
groups
of
ratios
primarily
measure
risk)
:
(d) 'kq dqy fch (Net Total Sales)
(NCERT)
age Debtors ` 40,000, than Debtors Turnover Ratio
is)
(b) 3 xquk (3 times)
(a) 2 xquk (2 times)
(c) 4 xquk (4 times)
(d) 5 xquk (5 times)
o"kZ osG nkSjku m/kkj ; ` 6,20,000, m/kkj ; esa ls ; okilh ` 20,000,
ysunkj ` 1,00,000 ,oa ns; foi= ` 50,000, rks ysunkj vkorZ vuqikr
gS (Credit purchases during the year ` 6,20,000, Purchase returns out of credit purchase ` 20,000, Creditors ` 1,00,000 and Bills payable ` 50,000, the Creditors Turnover Ratio is)
fn;k gqvk gS (Given) :
pkyw lEifk;k (Current Assets) ` 8,00,000, pkyw nkf;Ro (Current Liabilities) ` 1,60,000, udn fo; (Cash Sales)
` 12,80,000, m/kkj fo; (Credit Sales) ` 6,40,000, rks dk;Z'khy
iwth vkorZ vuqikr gS Kkr dhft, (Calculate working capital
Turnover Ratio)
dqy fo; (Total Sales) ` 15,40,000, fo; okilh (Sales
Returns) ` 40,000, LFkk;h lEifk;k (Fixed Assets) ` 5,00,000,
rks (then) LFkk;h lEifk vkorZ vuqikr gksxk (Fixed Assets Turnover Ratio will be)
(c) 3.08 xquk (3.08 time)
ykHknk;drk vuqikr dks lkekU;r% esa O;Dr fd;k tkrk gS (Profitability Ratios are generally expressed in)
(c) xquk (Times)
120
(a)
ork] f;k'khyrk vkSj ykHkiznrk (Liquidity, activity and

profitability)
(b)
ork] f;k'khyrk vkSj leku LVkWd (Liquidity, activity and

common stock)
(c)
(d)
ork] f;k'khyrk vkSj .k (Liquidity, activity and debt)

f;k'khyrk] .k vkSj ykHkiznrk (Activity, debt and profitability)
fofu;ksx ij izR;k; Kkr djus osG fy, fofu;ksftr iwth ls vfHkizk; gS (To
know the return on investment, by capital employed
we mean)
(a) 'kq LFkk;h lEifk;k (Net Fixed Assets)
(b) pkyw lEifk;k & pkyw nkf;Ro (Current Asset Current
Liabilities)
(c) ldy LFkk;h lEifk;k (Gross Block)
(d) LFkk;h lEifk;k + pkyw lEifk;k & pkyw nkf;Ro (Fixed Assets
+ Current Assets Current Liabilities)
48. LFkk;h lEifk;ksa esa 'kkfey gksrk gS (The Term fixed assets include)
(a) jksdM+ (Cash)
(b) e'khujh (Machinery)
(d) iwoZnk O;; (Prepaid Expenses)
49. ykHk&gkfu rFkk fLFkfr fooj.k ds vkdM+ksa ij vk/kkfjr vuqikr gSa (Ratio
based on figures of profit & loss as well as the Balance
Sheet are)
(a) ykHknk;drk vuqikr (Profitability Ratios)
(b) lapkyu vuqikr (Operation Ratio)
(d) fefJr@la;qDr vuqikr (Composite Ratio)
47.
[mkj % 1. (b)] 2. (a)] 3. (a)] 4. (b)] 5. (a)] 6. (c)] 7. (b)] 8. (c)]

9. (a), 10. (d), 11. (c), 12. (b), 13. (b), 14. (c), 15. (b),
16. (b), 17. (b), 18. (b), 19. (a), 20. (b), 21. (c),
22. (c), 23. (a), 24. (a), 25. (c), 26. (c), 27. (b), 28. (c),
29. (a), 30. (a), 31. (c), 32. (c), 33. (b), 34. (b),
35. (b), 36. (b), 37. (d), 38. (d), 39. (a), 40. (a), 41. (c),
42. (d), 43. (a), 44. (b), 45. (a), 46. (d), 47. (d),
48. (b), 49. (d).]

12345678901234
12345678901234
iz'u 1. vuqikr fo'ys"k.k osG ms'; vFkok ykHk crkb,A (State

the objects or advantages of Ratio Analysis.)
mkjys[kkadu vuqikr fo'ys"k.k osG ms'; fuEufyf[kr gSa
1. laLFkk dh ykHknk;drk dh eki djukA
2. O;olk; dh ifjpkyu oqG'kyrk fukkZfjr djukA
3. O;olk; dh 'kksku {kerk dk ewY;kadu djukA
4. iwokZuqeku ,oa ctVu esa lgk;rk iznku djukA
5. ys[kkadu lwpukvksa dks ljy cukuk ,oa lkjkaf'kr djukA
6. rqyukRed fo'ys"k.k esa lgk;rk iznku djukA
7. fu.kZ; ysus esa izcUk dks enn djukA
8. fokh; fu;kstu esa lgk;rk iznku djukA
vuqikr fo'ys"k.k osG lkekU; ms';

1. fokh; fooj.kksa dk fo'ys"k.k djukA
2. O;olk; dh oqG'kyrk izn'kr djukA
iz'u 2. vuqikr fo'ys"k.k dh eq[; lhek, (;k nks"k) crkb,A (State
the main limitations (Disadvantages) of Ratio Analysis.)
vFkok (Or)
vuqikr fo'ys"k.k dh D;k lhek, gSa\ bu lhekvksa dk o.kZu dhft,A
(What are the limitations of Ratio Analysis? Describe these
limitations.)
vFkok (Or)
vuqikr fo'ys"k.k dh fdUgha ikp lhekvksa dks la{ksi esa le>kb,A
(Explain briefly any five limitations of Ratio Analysis.)
(U.S.E.B., 2011)
mkjvuqikr fo'ys"k.k dh izeq[k lhek, fuEufyf[kr gSa

1. ys[kkadu uhfr;ksa esa fHkUurk;fn O;olk;ksa esa ys[kkadu dh fofk;ksa
;k uhfr;ksa esa fHkUurk gks rks muosG ifjO;;ksa dh vuqikrksa osG vkkkj ij rqyuk
djuk dfBu gSA O;kolkf;d laLFkk LVkWd ewY;kadu] kl vkfn dh vyx&vyx
uhfr;k viuk ldrh gSA ,slh fLFkfr esa bu O;olk;ksa osG vuqikrksa dh vkil esa
rqyuk djuk vfo'oluh; gksxkA
2. v'kq vkdM+s gksus ij vuqikr Hkh Hkzked gksaxs;fn fokh; fooj.kksa
osG vkdM+s v'kq gSa rks vuqikr Hkh Hkzked gksaxsA nwljs 'kCnksa esa] okLrfod vkdM+ksa
dh vuqifLFkfr esa ys[kkadu vuqikr Hkze iSnk dj ldrs gSaA
3. ijh fn[kkok (Window Dressing)dHkh&dHkh fokh; fooj.kksa
esa ijh
fn[kkos
Hkh

.QPIVGTOU.QCP
gksrs gSaA blls egRoiw.kZ rF; ,oa lPpkbZ fNi tkrh gSA ijh

5JCTGJQNFGT U(WPF
izn'kZuks
a osG dkj.k
ys[kkadu vuqikrksa dh fo'oluh;rk de gks tkrh gSA
4. mfpr izekiksa dk vHkkovuqikr fo'ys"k.k osG vUrxZr rqyuk djus
osG fy, mfpr izekiksa dk loZFkk vHkko ik;k tkrk gSA lHkh Qeks osG fy, dksbZ
,d tSls vuqikr LFkkfir ugha fd;s tk ldrsA
5. ,d vosGyk vuqikr egRoghu gksrk gS,d vosGyk vuqikr vius
vki esa egRoghu gksrk gSA bldk egRo rHkh gksxk tc ,d vuqikr dh rqyuk
nwljs ls dh tk;sA
iz'u 3. .k lerk vuqikr dk vFkZ rFkk ms'; crkb,A (State the
meaning of objects of Debt Equity Ratio.)
mkj.k lerk vuqikr dk vFkZ;g vuqikr laLFkk osG nh?kZdkfyd

.kksa ;k ns;rkvksa rFkk lerk osG chp lEcUk n'kkZrk gSA vr% .k (Debt/
Long term Liabilities) dks lerk (Equity) ls Hkkx nsdj .k lerk
vuqikr dh x.kuk dh tkrh gSAS lw=kuqlkj]
.k lerk vuqikr (Debt Equity Ratio)
=
ms';(1) .k lerk vuqikr dk ms'; Lokeh }kjk mie esa yxkbZ

xbZ iwth dh jkf'k osG lEcUk esa tkudkjh izkIr djuk rFkk lekiu dh n'kk
esa ysunkjksa osG fy, fdruh lEifk;k miyCk jgsaxh bldh lwpuk izkIr
djuk gSA
(2) bl vuqikr osG }kjk laLFkk dh nh?kZdkyhu fokh; fLFkfr dh lqn`<r+ k
(soundness) rFkk nh?kZdkyhu .kksa osG Hkqxrku djus dh {kerk dk irk
yxkuk gSA
iz'u 4. jgfr;k vkorZ vuqikr D;k gksrk gS\ bldh x.kuk dSls dh
tkrh gS\ (What is Stock Turnover Ratio ? How is it calculate ?)
ys[kkadu vuqikr
121
mkjvFkZ (Meaning);g vuqikr csps x, eky dh ykxr ,oa
mkjjgfr;k vkorZ vuqikr LVkWd vkSj csps x;s eky dh ykxr osG chp
ifjpkyu O;;ksa (Operating Expenses) dk 'kq fo; (Net Sales) osG
lEcUk O;Dr djrk gSA bl vuqikr dks bl izdkj Kkr fd;k tkrk gSA
lkFk feyku djrk gSA lw= osG :i esa
jgfr;k vkorZ vuqikr (Inventory Turnover Ratio)
ifjpkyu vuqikr (Operating Ratio)

=
%QUVQH)QQFU5QNF 1RGTCVKPI'RGPUGU
100

0GV5CNGU
ifjpkyu O;;ksa (Operating Expenses) esa] iz'kklfud O;;] fo;
=
(i) fo; dh ykxr (Cost of goods sold) = izkjfEHkd jgfr;k

(Opening stock) + ; (Purchases) + izR;{k O;; (Direct
Expenses) vfUre jgfr;k (Closing Stock)
vFkok (or)
fo; (Sales) ldy ykHk (Gross Profit)
(ii) vkSlr jgfr;k (Average Inventory)
1RGPKPI5VQEM
%NQUKPI5VQEM
=

jgfr;k vkorZ vuqikr dks fnuksa dh vkSlr vofk esa fuEu izdkj ifjorr
fd;k tk ldrk gS
vkSlr jgfr;k vofk (Average age of inventory)
o forj.k O;; (kl 'kkfey dj) lfEefyr gksrs gSa] ijUrq blesa nh?kZdkyhu
.k ij C;kt izHkko ,oa vk;dj lfEefyr ugha gksrs gSaA ;fn bl vuqikr dks
100 ls xq.kk dj fn;k tk;s rks vUrj fo; ij lapkyu 'kq ykHk (Operating
Net Profit) dk izfr'kr n'kkZ;sxkA
egRo (Significance);g vuqikr O;olk; dh ykHkksiktZu {kerk vkSj
oqG'kyrk dk eki gksrk gSA lapkyu vuqikr ftruk de gksxk mruk gh vPNk
ekuk tkrk gS] D;ksafd ifjpkyu 'kq ykHk mrus gh vfkd gksaxsA
iz'u 7. jkuh fy- osG pkyw vuqikr 3 : 1 gSaA ;fn bldk jgfr;k
` 40,000 vkSj oqGy pkyw nkf;Ro ` 80,000 gS rks Rofjr vuqikr Kkr
djsaA (Rani Ltd. has a current ratio of 3 : 1. If its stock is
` 40,000 and total current liabilities are ` 80,000, find out
its Quick Ratio.)
mkj C.A. : C.L. = 3 : 1

= Curent Liabilities 3
= ` 80,000 3 = ` 2,40,000
Rofjr
lEifk;k
(Quick
Assets)

3WKEM
LVkWd dh vkSlr vofk dks Inventory Holding Period Hkh `

#UUGVU
= Current Assets Stock
dgrs gSaA
`
`

%WTTGPV
.KCDKNKVKGU
%QUVQH)QQFU5QNF5CNGU
&C[OQPVJUKPC[GCT
= ` 2,40,000 40,000 = ` 2,00,000
iz'u 5. nsunkj vkorZ vuqikr dh O;k[;k djsaA (Explain Debtors
Rofjr vuqikr (Quick Ratio)

Turnover Ratio.)
(C.B.S.E. 2000C, 2001; 2003)
+PXGPVQT[6WTPQXGT4CVKQ
#XGTCIG+PXGPVQT[
mkjvFkZ (Meaning)nsunkj vkorZ vuqikr nsunkjksa dks jksdM+ esa
=
ifjorr djus dh oqG'kyrk dks ekirk gSA ;g vuqikr nsunkjksa dh xq.kokk ,oa
O;olk; osG olwyh iz;klksa dks n'kkZrk gSA ;g vuqikr O;olk; osG mkkj fo; dk
vkSlr nsunkjksa osG lkFk lEcUk izdV djrk gSA vr% bl vuqikr dh x.kuk fuEu
izdkj dh tkrh gS
nsunkj vkorZ vuqikr (Debtors Turnover Ratio)

=
0GV%TGFKV5CNGU
#XGTCIG&GDVQTU
vkSlr nsunkj (Average Debtors)

=
1RGPKPI&GDVQTU %NQUKPI&GDVQTU

bl vuqikr dks mu fnuksa esa Hkh ifjorr fd;k tk ldrk gS tks nsunkjksa ls
jksdM+ olwyh esa yxrs gSaA bldh x.kuk fuEu izdkj dh tk ldrh gS
vkSlr olwyh vof/k (Average Collection Period)

=
&C[UQTOQPVJUKPC[GCT
&GDVQTU6WTPQXGT4CVKQ
iz'u 6. ifjpkyu vuqikr dh O;k[;k djsaA (Explain Operating

Ratio.)
(C.B.S.E., 2001, 2002)
= 2.5 : 1
iz'u 8. fuEu lwpuk ls rjyrk (Rofjr) vuqikr dh x.kuk dhft,

(Calculate the Liquid (Quick) Ratio from the following information) :
pkyw ifjlEifk;k ` 33,000, jgfr;k ` 5,400, iwoZnk O;; ` 600,
pkyw ns;rk, ` 27,000 (Current Assets ` 33,000, Stock ` 5,400,
Prepaid Expenses ` 600, Current Liabilities ` 27,000.)
mkj
Liquid (Quick) Assets = Current Assets (Stock +
Prepaid Expenses)
= ` 33,000 (5,400 + 600)
= ` 27,000
Current Liabilities = ` 27,000
Now,
.KSWKF #UUGVU
Liquid or Quick Ratio = %WTTGPV .KCDKNKVKGU
=
=1:1
iz'u 9. pkyw vuqikr 2.5 gSa] dk;Z'khy iwth ` 1,50,000 gSA pkyw
lEifk;ksa rFkk pkyw nkf;Roksa dh jkf'k;k Kkr dhft,A (Current ratio is 2.5; Working capital is ` 1,50,000. Calculate the
amount of Current Assets and Current Liabilities.)
122
%WTTGPV #UUGVU
mkj %WTTGPV .KCDKNKVKGU = 2.5
mkj Current Ratio =
eku fy;k fd pkyw nkf;Ro (C.L.)

= x, vr% pkyw lEifk (C.A.)
= 2.5x
dk;Z'khy iwth (W.C.) = pkyw lEifk;k (C.A.)
pkyw nkf;Ro (C.L.)
1,50,000 = 2.5x x
1,50,000 = 1.5x
x =
=
Current Liabilities =
3WKEM #UUGVU
Liquid Ratio = %WTTGPV .KCDKNKVKGU
1.25 =
= ` 1,00,000
pkyw nkf;Ro (C.L.) = ` 1,00,000

vc pkyw lEifk;k (C.A.) = 2.5 1,00,000 = ` 2,50,000
iz'u 10. pkyw vuqikr 2.5 : 1 gSA pkyw ifjlEifk;k ` 50,000 vkSj
pkyw nkf;Ro ` 20,000 gSaA vuqikr 2 : 1 ykus osG fy, pkyw ifjlEifk;ksa
esa fuf'pr :i ls fdruh deh ykuh pkfg,\ (The current ratio is
2.5 : 1. Current assets are ` 50,000 and current liabilities
are ` 20,000. How much must be the decline in the current
assets to bring the ratio 2 : 1 ?)
(NCERT)
mkjCurrent Liabilities = ` 20,000
For a Current Ratio of 2 : 1, the Current Assets must
be
2 ` 20,000 = ` 40,000
Present Current Assets = ` 50,000
Necessary decline in Current Assets
= ` 50,000 40,000
= ` 10,000
iz'u 11. ,d QeZ dk pkyw vuqikr 2.5 : 1 gSA bldk rjyrk
vuqikr 1.5 : 1 gSA ;fn pkyw nkf;Ro ` 15,000 gks rks pkyw ifjlEifk;k
,oa LVkWd dh jkf'k dh x.kuk dhft,A (A firm's current ratio is
2.5 : 1. Its liquid ratio is 1.5 : 1. If current liabilities are
` 15,000 calculate the amount of current assets and stock.)
mkjCurrent Ratio 2.5 : 1,
%WTTGPV #UUGVU
Current Ratio = %WTTGPV .KCDKNKVKGU
Current Liabilities 1, then Current Assets = 2.5
Current Liabilities = ` 15,000 (Given)
Therefore,
Current Assets = ` 15,000 2.5 = ` 37,500 ...(i)
Liquid Ratio = 1.5 : 1
Liquid Ratio =
Therefore,
Liquid Assets = ` 15,000 1.5 = ` 22,500 (ii)
Stock = Current Assets (I)
Liquid Assets (II)
= ` 37,500 22,500 = ` 15,000
C.A. ` 37,500; Stock ` 15,000
iz'u 12. ,d dEiuh dh pkyw lEifk;k ` 15,00,000 gSaA bldk
pkyw vuqikr 3 : 1 rFkk rjyrk vuqikr 1.25 gSA bldh pkyw ns;rk,]
rjy lEifk;k rFkk LVkWd (eky lwph) dh x.kuk dhft,A (The Current
Assets of a company are ` 15,00,000. Its Current Ratio is 3
: 1 and Liquid Ratio is 1.25. Calculate the amount of Current
Liabilities, Liquid Assets and Inventory.)
(C.B.S.E., 2005; B.S.E.B., 2011)
= ` 5,00,000
Liquid (Quick) Assets = (5,00,000 1.25) = ` 6,25,000

Inventory = Current Assets
Quick Assets
= ` 15,00,000 6,25,000
= ` 8,75,000
iz ' u 13. fuEufyf[kr ls pkyw lEifk;k ifjdfyr dhft,
(Calculate Current Assets from the following) :
`
64,000
24,000
dk;Z'khy iwth (Working Capital)
12,000
mkj Working Capital = Current Assets Current
Liabilities
Where, Working Capital = ` 12,000
3WKEM
#UUGVU

.KSWKF
#UUGVU
#UUGVU
%WTTGPV

Current Liabilities = ` 64,000 + 24,000 = ` 88,000

%WTTGPV

.KCDKNKVKGU
Working Capital = Current Assets Current
Liabilities
Or
12,000 = Current Assets ` 88,000
Or
Current Assets = ` 88,000 + 12,000
= ` 1,00,000
12345678901234
iz'u 1. vuqikr fo'ys"k.k D;k gS \ ys[kkadu vuqikrksa dk egRo Li"V

dhft,A (What is Ratio Analysis ? Explain the importance
of Accounting Ratios.)
mkjvuqikr dk vFkZ (Meaning of Ratio)nks ltkrh; la[;kvksa

osG vkilh ifjek.kkRed lEcU/k dks ^vuqikr* dgk tkrk gSA vuqikr dh x.kuk
osG fy, nks la[;kvksa dh vko';drk gksrh gSA ,d la[;k dks ^va'k*
(Numerator) rFkk nwljh dks ^gj* (Denominator) osG LFkku ij j[kk
tkrk gSA ,d la[;k esa nwljh la[;k ls Hkkx nsdj vuqikr Kkr fd;k tkrk gSA
blfy, vkj- ,u- ,UFkksuh osG vuqlkj] ^^vuqikr lk/kkj.kr% ,d la[;k dks
nwljh la[;k osG lUnHkZ esa izdV djrk gSA ;g ,d la[;k dks nwljh la[;k ls Hkkx
nsdj Kkr fd;k tkrk gSA**
(A ratio is simply one number expressed in terms of
another. It is found by dividing one number into the other.)
R. N. Anthony
fo'ys"k.k (Analysis)nks ;k vf/kd la[;kvksa osG e/; la[;kRed
lEcU/k dk ijh{k.k djuk rkfd dksbZ vFkZiw.kZ fu"d"kZ fudkyk tk losG] ^fo'ys"k.k*
dgykrk gSA
vuqikr fo'ys"k.k (Ratio Analysis)vuqikr fo'ys"k.k ls vfHkizk;
fokh; fooj.kksa osG fo'ys"k.k ls gSA ekW;lZ osG vuqlkj] ^^vuqikr fo'ys"k.k
O;olk; esa fofHkUu fokh; ?kVdksa osG e/; lEcU/k dk v/;;u gSA**
ys[kkadu vuqikr
(Ratio Analysis is a study of relationship among the
various financial factors in business.)
Myers
123
iz'u 2. fuEufyf[kr fooj.kksa ls ldy ykHk dh jkf'k dk fu/kkZj.k

dhft, (Determine the amount of Gross Profit from the
vuqikr fo'ys"k.k osG lUnHkZ esa ;g mYys[kuh; gS fd ensa (va'k ,oa gj) following details) :
`
rdZlaxr :i ls ,d&nwljs ls lEcfU/kr gksuh pkfg, vU;Fkk fu.kZ; ysus osG fy, vkSlr jgfr;k (Average Stock)
50,000
vuqikr fo'ys"k.k vko';d tkudkjh ugha ns ik;sxkA
ys[kkadu vuqikr (Accounting Ratio)fokh; fooj.kksa ij vkkkfjr LVkWd vkorZ vuqikr (Stock Turnover Ratio) 5 xquk (5 times)
vuqikr dks ^fokh; vuqikr* (Financial Ratios) ;k ^ys[kkadu vuqikr* fch dher (Selling Price) ykxr ij 25% (25% above Cost)
(C.B.S.E., 2002, All India)
(Accounting Ratios) dgk tkrk gSA ts- ch (J. Batty) osG vuqlkj]
mkjLVkWd vkorZ vuqikr (Stock Turnover Ratio)
^^ys[kkadu vuqikrksa dk iz;ksx vFkZiw.kZ lEcU/kksa dh vfHkO;fDr osG fy, fd;k
tkrk gS tks fLFkfr&fooj.k (fpk) rFkk ykHk&gkfu [kkrk vFkok ys[kkadu laxBu
=
osG fdlh Hkkx esa n'kkZ;h x;h nks la[;kvksa osG e/; jgrk gSA**
ys[kkadu vuqikrksa dk egRo (Importance of Accounting
Ratios)ys[kkadu vuqikrksa osG egRo dks fuEu izdkj ls O;Dr fd;k tk
Or
5=
ldrk gS
Or
5 50,000 = Cost of Goods sold
(v) izcU/k osG fy, egRo (Importance for Management)
Or
2,50,000 = Cost of Goods sold
(1) ys[kkadu vuqikr vkdM+ksa dks ljy vkSj le>us ;ksX; cuk nsrs gSaA
Cost of Goods sold = ` 2,50,000
(2) ys[kkadu vuqikr ctV cukus vkSj fu;kstu dk vk/kkj iznku djrs gSaA

(3) ys[kkadu vuqikr fu"iknu dk rqyukRed fo'ys"k.k djus esa lgk;rk
= ` 62,500
Gross Profit =

iznku djrs gSaA
iz'u 3. fchr eky dh ykxr ` 4,00,000 gS] LdU/k vkorZ vuqikr
(4) fokh; fooj.kksa esa nh x;h lwpukvksa ls fudkys x;s vuqikr fu.kZ; ysus
5 xquk gS] izkjfEHkd jgfr;k] vfUre jgfr;k dk 1.5 xquk gSA izkjfEHkd
esa lgk;d gksrs gSaA
,oa vfUre jgfr;k dk ewY; fudkysaA (` 4,00,000 is the cost of
(5) ys[kkadu vuqikr O;kolkf;d laLFkk dh dk;Zdq'kyrk vkSj ykHkiznrk
goods sold, inventory turnover 5 times, stock at the begincrkrs gSaA
(6) vuqikrksa osG iz;ksx ls laLFkk dh fokh; lqn`<r+ k vkSj detksjh dk lEiz"s k.k ning is 1.5 times of the stock at the end. Calculate the
values of opening and closing stock.)
vklkuh ls vkSj le>us ;ksX; rjhosG ls gksrk gSA

%QUV

Z +QHZ)QQFU UQNF

(C.B.S.E., All India, 2004)
(7) ifjpkyu vuqikrksa ls O;olk; dh ifjpkyu dk;Zdq'kyrk dks

#XGTCIG
#XGTCIG
5VQEM
5VQEM

fu/kkZfjr fd;k tk ldrk gSA
mkjStock Turnover Ratio =
(8) ys[kkadu vuqikrksa ls laLFkk dh 'kks/ku {kerk fLFkfr dk ewY;kadu djus
esa vklkuh gksrh gSA
5=
(9) ys[kkadu vuqikrksa ls dEiuh dh nh?kZdkyhu vkSj vYidkyhu fokh;
fLFkfr dks ekik tk ldrk gSA
Average Stock =
= ` 80,000
(c) fuos'kdksa osG fy, egRo (Importance for Investors),d
fuos'kd ml laLFkk dh fokh; fLFkfr dk ewY;kadu djuk pkgsxk ftlesa og fuos'k
Let,
djuk pkgrk gSA ,d fuos'kd rc lUrq"V gksxk tc laLFkk osG ikl i;kZIr lEifk;k
Closing Stock = x
gksaA blosG fy, og 'kks/ku {kerk vkSj ykHkiznrk vuqikrksa dk iz;ksx djsxkA
Opening Stock = 1.5x
vuqikr fo'ys"k.k ,d fuos'kd osG fy, ;g fu.kZ; djus esa mi;ksxh gS fd D;k mls
1RGPKPI 5VQEM %NQUKPI 5VQEM
Average Stock =
laLFkk esa fuos'k djuk pkfg,\

(l) vYidkyhu ysunkjksa osG fy, egRo (Importance for Short80,000 =
term Creditors)ysunkj laLFkkvksa dks vYidkyhu lk[k iznku djrs gSaA
os ;g ckr tkuus dks bPNqd gksrs gSa fd D;k laLFkk osG ikl i;kZIr ek=k esa
1,60,000 = 1.5x + x
pkyw lEifk;k gSa ftlls mUgsa fu;r le; ij Hkqxrku izkIr gks losG\ ysunkj
Or
1,60,000 = 2.5x
pkyw vuqikr vkSj rjy vuqikr }kjk laLFkk dh fokh; fLFkfr dk vuqeku
= ` 64,000
x =
yxkrs gSaA
Closing Stock = ` 64,000
(n) deZpkfj;ksa osG fy, egRo (Importance for Employees)
deZpkjh Hkh laLFkk dh fokh; fLFkfr fo'ks"kr% ykHkiznrk dks tkuus esa #fp j[krs
Opening Stock = ` 64,000 1.5 = ` 96,000
gSaA laLFkk osG ykHkksa esa o`f ls mudh etnwjh vkSj vU; lqfo/kk, lEcfUkr gksrh
iz'u 4. o"kZ osG izkjEHk esa LVkWd (Stock in the beginning of the
gSaA deZpkjh ldy ykHk vuqikr] 'kq ykHk vuqikr vkfn dh x.kuk djus osG year)
` 60,000
ckn gh viuh etnwjh vkSj lqfo/kkvksa esa o`f dh ekx djrs gSaA
o"kZ osG vUr esa LVkWd (Stock at the end of the year) ` 1,00,000
(;) ljdkj osG fy, egRo (Importance for Government)
LVkWd vkorZ vuqikr (Stock Turnover Ratio) 8 xquk (times)
ljdkj Hkh m|ksx dh lqn`<r+ k osG ckjs esa tkuus dh bPNqd gksrh gSA fofHkUu
fch ewY; (Selling Price)
25% ykxr ij (above cost)
vkS|ksfxd bdkb;ksa }kjk izdkf'kr fd;s x;s fokh; fooj.kksa dk iz;ksx ljdkj }kjk
ldy ykHk rFkk fch Kkr dhft,A (Compute the amount
fofHkUu laLFkkvksa dh fokh; fLFkfr tkuus osG fy, fd;k tkrk gSA bl tkudkjh osG
of gross profit and sales.)
(C.B.S.E., AI, 2009)
vk/kkj ij ljdkj viuh uhfr;k fu/kkZfjr djrh gSA
124
Solution :
Average Stock = (Opening Stock + Closing Stock) 2
+
= `
=

= ` 80,000
Cost of Goods sold
= Average Stock Stock Turnover
Ratio
= ` 80,000 8 = ` 6,40,000
Gross Profit = 25% of ` 6,40,000 = ` 1,60,000
Sales = Cost of Goods sold + Gross Profit
= ` 6,40,000 + 1,60,000 = ` 8,00,000
iz'u 5. fuEufyf[kr lwpuk osG vk/kkj ij (i) ldy ykHk vuqikr]
(ii) dk;Z'khy iwth vkorZ vuqikr] (iii) .k&lerk vuqikr dh x.kuk
dhft, (On the basis of the following information, calculate
(i) Gross Profit Ratio, (ii) Working Capital Turnover Ratio,
(iii) Debt-equity Ratio) :
'kq fo; ` 30,00,000; csps x;s eky dh ykxr ` 20,00,000;

pkyw lEifk;k ` 6,00,000; pkyw ns;rk, ` 2,00,000; pqdrk va'k iwth
` 5,00,000; .ki= ` 2,50,000; .k ` 1,25,000A (Net sales
= ` 6,00,000 2,00,000
= ` 4,00,000
W.C.T.R. =
= 5 Times
(iii) Debt-equity Ratio =

=
=
= 0.75 Times
iz'u 6. fuEufyf[kr lwpuk ls nsunkj vkorZ vuqikr dk ifjdyu

dhft, (Calculate the Debtors Turnover Ratio from the
following information) :
oqGy fo; (Total Sales)

` 4,00,000
udn fo; (Cash Sales)
20% of Total Sales
1.1.2012 dks nsunkj (Debtors on 1.1.2012)
` 40,000
31.12.2012 dks nsunkj (Debtors on 31.12.2012) ` 1,20,000
(NCERT)
` 30,00,000; Cost of Goods sold ` 20,00,000; Current Assets

` 6,00,000; Current Liabilities ` 2,00,000; Paid-up Capital
` 5,00,000; Debentures ` 2,50,000; Loan ` 1,25,000.)
Solution :
)TQUU 2TQHKV
(i) Gross Profit Ratio = 0GV 5CNGU
Gross Profit = Sales Cost of Goods sold
= ` 30,00,000 20,00,000
= ` 10,00,000
Gross Profit Ratio =

= 33.3%

(ii) Working Capital Turnover Ratio (W.C.T.R.)
%QUV QH )QQFU 5QNF

= 0GV 9QTMKPI %CRKVCN
Net Working Capital = Current Assets Current
Liabilities
Particulars
(a) Share Capital
(b) Reserve and Surplus
2. Long-term Borrowings :
8% Debentures
Creditors
II. Assets
1. Fixed Assets
2. Current Assets
Solution : Average Debtors

=

+

1RGPKPI

`0GV

%TGFKV
+
&GDVQTU

5CNGU

.QPIVGTO
&GDV %NQUKPI &GDVQTU
=
=

#XGTCIG

&GDVQTU
5JCTGJQNFGTU
(WPFU
= ` 80,000
Net Credit Sales
= Total Sales Cash Sales
= ` 4,00,000 80,000 (20% of ` 4,00,000)
= ` 3,20,000
Debtors Turnover Ratio
= 4 Times
iz'u 7. X fy- dk 31 ekpZ] 2014 dk fpk fuEu izdkj gS (The
following is the Balance Sheet of X Ltd. as at 31st March,
2014) :
Note No.
Amount
`
11,00,000
1,20,000
3,00,000
2,80,000
18,00,000
12,00,000
6,00,000
18,00,000
jksdM+ izokg fooj.k

Note to Accounts :
1. Share Capital :
6% Prof. Share Capital
8,00,000
3,00,000
11,00,000
125
2. Current Assets :
Bank
Stock
Debtors
Bills Receivables
30,000
2,00,000
3,00,000
70,000
6,00,000
dEiuh dh fokh; fLFkfr dh leh{kk dhft, vkSj vko';d

vuqikrks
a pkyw vuqikr] rjyrk vuqikr] nsunkj iwt
h vuqikr] 'kks/ku{kerk
vuqikr] LFkk;h lEifk vuqikr dh x.kuk dhft,A (Comment on
Liquid Ratio =
the financial position of the company by calculation of dif=

= 1.43 : 1
ferent ratioscurrent ratio, liquid ratio, debt-equity ratio,
solvency ratio, fixed assets ratio.) (J.A.C. Modified, 2010)
Debt-Equity Ratio =
Solution : (1) Current Assets
= Stock + Debtor + B/R + Bank
=
= 0.245 : 1 or 0.25 : 1
= ` 2,00,000 + 3,00,000 + 70,000 +
30,000 = ` 6,00,000
(2) Liquid Assets = Current Assets Stock
Solvency Ratio =
= ` 6,00,000 2,00,000
= ` 4,00,000
=
= 3.10 : 1
(3) Shareholders' Fund
= Equity Share Capital + Pref.
Fixed Assets Ratio
Share + Reserve Fund
= ` 8,00,000 + 3,00,000 + 1,20,000
=
= ` 12,20,000

(4) Total Outside Liabilities
=

.QPI
.KSWKF#UUGVU
6QVCN#UUGVU

VGTO.QCPU
5JCTGJQNFGTU (WPF .QPI
%WTTGPV#UUGVU
VGTO.QCP
= Debentures + Creditors

= ` 3,00,000 + 2,80,000 = ` 5,80,000 5JCTGJQNFGTU (WPF
%WTTGPV.KCDKNKVKGU
6QVCN1WVUKFG.KCDKNKVKGU
(KZGF#UUGVU
=
= 1.27 : 1
Current Ratio =
=
= 2.14 : 1
16
jksdM+ izokg fooj.k

[CASH FLOW STATEMENT]

123456789012345678
123456789012345678

1.
jksdM+ izokg fooj.k vk/kkfjr gS (Cash Flow Statement in based

upon) :
(B.S.E.B., 2009)
(a) ys[kkadu osG jksdM+ vk/kkj ij (Cash basis of accounting)

(b) ys[kkadu osG miktZu vk/kkj ij (Accrual basis of accounting)
(c) buesa ls fdlh vk/kkj ij ug (None of these)
2. jksdM+ izokg fooj.k lEcfU/kr gS (Cash Flow Statement is related
to) :
(B.S.E.B., 2010)
(a) ,- ,l-&3 ls (AS-3)
(c) ,- ,l-&9 ls (AS-9)
(b) ,- ,l-&6 ls (AS-6)
(d) ,- ,l-&12 ls (AS-12)

3. jksdM+ izokg fooj.k rS;kj fd;k tkrk gS (Cash Flow Statement is
prepared from) :
(B.S.E.B., 2010, 12)
(a) vkfFkZd fpV~Bk ls (Balance Sheet)
(b) ykHk&gkfu [kkrk ls (Profit & Loss Account)
126
(c) vfrfj lwpukvksa ls (Additional Information)

4.
(b)
ifjpkyu lEcU/kh f;kvksa ls jksdM+ izokg esa fuEufyf[kr 'kkfey gksrk gS

(Following is included in Cash Flow from Operating
Activities) :
(a)
vf/kdkj 'kqYd] Qhl] deh'ku (Royalties, Fees, Commi-
11.
ssion)
(b) .ki=ksa dk ; (Purchase of Debentures)
(c) e'khu dk ; (Purchases of Machinery)
5.
6.
7.
8.
9.
10.
(d) va'kksa dk fuxZeu (Issue of Shares)

jksdM+ lerqY; esa fuEu 'kkfey gksrk gS (Following are included
in cash equivalent) :
(a) Vstjh fcy (Treasury Bill)
(b) O;kikfjd fcy (Trade Bill)
(c) de ifjiDork okys cd tek (Bank Deposits of Short
Maturity Period)
(d) mijksDr lHkh (All of above)
chek dEifu;ksa ls izkIr nkos dks ekuk tkrk gS (Claims received
from Insurance Companies are treated as) :
(a) ifjpkyu lEcU/kh f;kvksa ls jksdM+ izokg (Cash Flows from
Operating Activities)
(b) fofu;ksx lEcU/kh f;kvksa ls jksdM+ izokg (Cash Flow from
Investing Activities)
(c) fokh; f;kvksa ls jksdM+ izokg (Cash Flow from Financing
Activities)
dkSu&lh f;k ^lapkyu f;k* osG vUrxZr vkrh gS\ (Which activity comes under Operating Activities ?)
(a) Hkwfe dk ; (Purchase of Land)
(b) etnwjh ,oa osru (Wages & Salaries)
(c) lerk va'kksa osG fuxZeu ls izkfIr;k (Proceeds from Issuance
of Equity Shares)
(d) udn fch (Cash Sales)
fuEufyf[kr esa dkSu jksdM+ vUrokZg ug gS\ (Which of the following is not a cash inflow ?)
(a) nsunkjksa esa deh (Decrease in Debtors)
(b) .ki=ksa dk fuxZeu (Issue of Debentures)
(c) ysunkjksa esa deh (Decrease in Creditors)
fuEu esa ls dkSu ,d xSj&jksdM+ en ug gS\ (Which one of following is not a non-cash item ?)
(a) udn fo; (Cash Sales)
(b) [;kfr dk viys[ku (Goodwill written off)
(c) kl (Depreciation)
(d) vizkI; .kksa osG fy, izko/kku (Provision of Bad Debts)
ys[kkadu ekud&3 ds vuqlkj jksdM+ izokg fooj.k cukuk vkns'kkRed gS
(Cash flow statement according to AS-3 is mandatory
to)
(a) lHkh mieksa dks (All enterprises)
12.
13.
14.
15.
LdU/k foif.k ij lwph;r dEifu;ksa dks (Companies listed on
a stock exchange)
(c) ` 50 djksM+ ls vf/kd dh fch okys mieksa esa (Enterprises
having turnover expending ` 50 Crores)
(d) (b) rFkk (c) dks [(b) & (c) both]
pkyw lEifk esa deh dks lapkyu ls ykHk esa -------tkrk gS (Decrease
in Current Asset is.......in operating profit)
(a) ?kVk;k (Subtracted)
(b) tksMk+ (Added)
(c) Hkkx fn;k (Divided)
(d) xq.kk (Multiplied)
jksdM+ lerqY; ds lEcU/k esa fuEu lR; gS (Following are true
about cash equivalent)
(a) vR;f/kd rjy vYidkyhu fuos'k (More Liquid Short-term
Investment)
(b) cgqr de tksf[ke (Minimum risk)
(c) 3 ekg ;k 3 ekg ls de vof/k dh ifjiDork (Maturity of 3
months or less than 3 months)
buesa ls dkSu&lh f;k fokh; f;k osG vUrxZr vkrh gS (Which of the
following activity cames under Financial Activities)
(a) lerk va'kksa osG fuxZeu ls izkfIr;k (Receipts from issurence
of Equity Shares)
(b) udn fch (Cash Sales)
(c) cSad vf/kfod"kZ (Bank Overdraft)
(d) .ki=ksa dk ; (Purchase of Debentures)
jksdM+ izokg dk fo'ys"k.k -----fu;kstu ds fy, mi;ksxh gS (An analysis of cash flows is useful for ......planning)
(a) vYidkyhu (Short-term) (b) nh?kZdkyhu (Long-term)
(c) e/;dkyhu (Medium-term)
(d) vfr nh?kZdkyhu (Very Long-period)
lapkyu ls jksdM+ izokg dh x.kuk djrs le; 'kq ykHk esa oSGls tksMk+
tkrk gS (While calculating cash flow from operating ac-
tivities which is added net profit) (B.S.E.B., 2010)

(a) jgfr;k esa o`f (Increase in Stock)
(b) jgfr;k esa deh (Decrease in Stock)
(c) nsunkj esa o`f (Increase in Debtors)
(d) ysunkj esa deh (Decrease in Creditors)
16. fuEufyf[kr esa dkSu&lk jksdM+ dk ksr ugha gS (Which of the following is not the source of Cash) (B.S.E.B., 2013)
(a) LFkk;h lEifk;ksa dk ; (Purchase of Fixed Assets)
(b) lapkyu ls dks"k (Funds from Operations)
(c) .ki=ksa dk fuxZeu (Issue of Debentures)
(d) LFkk;h lEifk;ksa dh fch (Sale of Fixed Assets)
17. lapkyu f;kvksa ls ykHk dh x.kuk djrs le;] 'kq ykHk esa fdls iqu%
tksMk+ tk;sxk (While calculating profit from operating activities, which will be added back to net profit)
(a) [;kfr vifyf[kr (Goodwill Written off)
(b) kl (Depreciation)
(c) LFkk;h lEifk;ksa dh fch ij gkfu (Loss on Sale of Fixed
Assets)
(d) mi;qZDr lHkh (All the Above)
jksdM+ izokg fooj.k

18.
19.
20.
21.
22.
23.
24.
o"kZ ds nkSjku ykHk ` 20,000 gS] o"kZ ds nkSjku] LVkWd esa o`f ` 9,000
vkSj nsunkjksa esa deh ` 5,000 gqbZA lapkyu f;kvksa ls jksdM+ dh jkf'k
D;k gS\ (Profit during the year is ` 20,000. During the
year, there was increase in stock by ` 9,000 and decrease in debtors of ` 5,000. What is the amount of
cash from operating activities ?
(b) ` 16,000
(a) ` 6,000
(c) ` 24,000
(d) ` 34,000
fn;k gqvk gS (Given)
o"kZ ds nkSjku 'kq ykHk (Net Profit during the year) ` 1,00,000
o"kZ ds izkjEHk esa nsunkj (Debtors in the beginning the year of
` 30,000.)
o"kZ ds vUr esa nsunkj (Debtors at the end of the year ` 36,000)
lapkyu f;kvksa ls jksdM+ dh jkf'k D;k gS (What is the amount of
cash from operating activities)
(b) ` 94,000
(a) ` 30,000
(c) ` 1,06,000
(d) ` 1,66,000
o"kZ ds nkSjku 'kq ykHk (Net Profit during the year) ` 30,000
o"kZ ds izkjEHk esa ysunkj (Creditors in the beginning) ` 24,000
o"kZ ds vUr esa ysunkj (Creditors at the end) ` 16,000
(a) ` 30,000
(b) ` 34,000
(c) ` 22,000
(d) ` 40,000
.ki=ksa@iwokZf/kdkj va'kksa dk 'kks/ku gS (Redemption of Debentures/Preference shares results into)
(a) dks"k dk ksr (Source of fund)
(b) dks"k dk mi;ksx (Use or application of fund)
(c) dks"k dk dksbZ izokg ugha (No flow of fund)
(d) jksdM+ dk dksbZ izokg ugha (No flow of cash)
fuEu esa ls dkSu jksdM+ cfgokZg (Outflows) dk mnkgj.k ugha gS (Which
of the following is not an example of cash outflows)
(a) .kksa dk iquHkqZxrku (Repayment of loans)
(b) ysunkjksa esa deh (Decrease in creditors)
(c) .ki=ksa dk fuxZeu (Issue of debentures)
1.4.2011 dks jksdM+ 'ks"k ` 1,00,000 FkkA o"kZ ds nkSjku lapkyu f;kvksa
esa iz;qDr jksdM+ ` 14,000 FkkA va'kiwth dk fuxZeu ` 40,000 vkSj
e'khu dk ; ` 32,000 Fkk rks 31.3.2012 dks jksdM+ 'ks"k D;k gS\
(Cash balance on 1.4.2011 was ` 1,00,000. During the
year cash used in operating activities was ` 14,000;
issue of share capital ` 40,000 and purchase of machinery was for ` 32,000. What is the cash balance on
31.3.2012 ?)
(a) ` 1,20,000
(b) ` 94,000
(c) ` 1,00,000
(d) ` 1,22,000
Iyk.V ,oa e'khu ds ; ds izfrQy esa va'kksa dk fuxZeu (Issue of
shares in consideration of purchase of plant and machinery results into) :
(a) jksdM+ dk vUrokZg (Inflow of Cash)
(b) jksdM+ dk cfgokZg (Outflow of Cash)
25.
26.
27.
28.
29.
127
(c) u vUrokZg vkSj u cfgokZg (Neither Inflow nor Outflow)

ykHk&gkfu [kkrs ds vuqlkj 'kq ykHk = ` 50,000 (Net Profit as
per profit & Loss Account = ` 50,000);
kl (Depreciation ` 10,000); QuhZpj dh fch ij ykHk ` 5,000
(Profit on sale of furniture ` 5,000);
e'khu osG fo; ij gkfu ` 13,000 (Loss on sale of machinery
13,000)
lapkyu f;kvksa ls 'kq jksdM+ izokg gS (Net Cash flow from operating activities is)
(b) ` 65,000
(a) ` 60,000
(c) ` 68,000
(d) ` 52,000
fuEu esa ls dkSu&lk jksdM+ dk mi;ksx ugha gS\ (Which of the following is not application of cash ?) : (B.S.E.B., 2012)
(a) nsunkjksa esa o`f (Increase debtors)
(b) LVkWd esa o`f (Increase in Stock)
(c) ysunkjksa esa o`f (Increase in Creditors)
(d) iwoZnk O;;ksa esa o`f (Increase in prepaid expenses)
udn fch gS (Cash sales in) :
(a) ifjpkyu f;k (Operating Activity)
(b) fofu;kstu f;k (Investing Activity)
(c) fokh; f;k (Financing Activity)
lapkyu f;kvksa ls jksdM+ izokg esa deh vk;sxh (Cash from operating activities will decrease due to) :
(a) pkyw lEifk;ksa esa o`f (Increase in Current Assets)
(b) pkyw nkf;Roksa esa deh (Decrease in Current Liabilities)
(c) nksuksa esa dksbZ ugha (Neither of the two)
(d) mijksDr a rFkk b nksuksa (Both a and b)
fuEu esa ls lapkyu lEcU/kh f;kvksa ls jksdM+ izokg dk mnkgj.k dkSu&lk

gS\ (Which of the following is an example of cash flow
from Operating Activities ?) :

(a) e'khujh dk ; (Purchase of Machinery)
(b) va'kksa dk fuxZeu (Issue of Shares)
(c) LVkWd dk udn ; (Purchase of Inventory for Cash)
(d) fofu;ksxksa dk ; (Purchase of Investment)
30. lapkyu ykHk Kkr djrs le; 'kq ykHk fdls tksMk+ tk;sxk (While
calculating operating profit which will be added to net
profit) :
(a) C;kt izkIr fd;k (Interest received)
(b) lEifk osG fo; ij ykHk (Profit on sale of Asset)
(c) lkekU; lap; esa o`f (Increase in General Reserves)
(d) dj dh okilh (Refund of Tax)
31. lapkyu f;kvksa ls jksdM+ izokg Kkr djrs le; fdls ?kVk;k tk;sxk\
(While calculating cash flow from operating activities
which will be deducted ?) :
(a) ysunkjksa esa o`f (Increase in Creditors)
(b) nsunkjksa esa o`f (Increase in Debtors)
(c) nsunkjksa esa deh (Decrease in Debtors)
(d) iwoZnk O;;ksa esa deh (Decrease in Prepaid Expenses)
128
32.
lapkyu f;kvksa ls jksdM+ izokg Kkr djrs le; tksMk+ tk;sxk (While
calculating cash flow from operating activities, which

will be added ?) :
(a) LVkWd esa o`f (Increase in stock)
(b) ysunkjksa esa o`f (Increase in creditors)
(c) ns; foi=ksa esa deh (Decrease in Bills Payable)
(d) nsunkjksa esa o`f (Increase in Debtors)
33. fofu;ksx lEcU/kh f;kvksa ls jksdM+ izokg dk mnkgj.k gS (An example
of Cash Flow from Investing Activities) :
(b) va'kksa dk fuxZeu (Issue of Shares)
(c) e'khujh dks ; djus osG fy, jksdM+ Hkqxrku (Payment of cash
for purchase of machinery)
(d) ykHkka'k dk Hkqxrku (Payment of Dividend)
34. fok lEcU/kh f;kvksa ls jksdM+ izokg dk mnkgj.k gS (An example of
Cash Flows from Financing Activity is) :
(a) eky dk fo; (Sale of goods)
(b) fofu;ksxksa dk fo; (Sale of investment)
(c) va'kksa osG fuxZeu ls jksdM+ izkfIr;k (Cash receipts from issue
of shares)
(d) C;kt izkIr fd;k (Interest received)
35. jksdM+ izokg fooj.k rS;kj djrs le; vki ^.ki=ksa ij C;kt* osG Hkqxrku
dk O;ogkj fdl izdkj djsaxs (How will you treat payment of
'Interest on Debentures' while preparing a Cash Flow
Statement ?) :
(a) lapkyu f;kvksa ls jksdM+ izokg (Cash Flow from Operating Activities)
(b) fofu;ksx f;kvksa ls jksdM+ izokg (Cash Flow from Investing Activities)
(c) fokh; f;kvksa ls jksdM+ izokg (Cash Flow from Financing
Activities)
(d) jksdM+ lerqY; (Cash Equivalents)
36. jksdM+ izokg fooj.k esa vki [;kfr osG ; dks fdl izdkj fy[ksaxs\
(Where will you show purchase of goodwill in Cash
Flow Statement) :
(a) lapkyu f;kvksa ls izokg (Cash Flow from Operating
Activities)
(b) fofu;ksx f;kvksa ls izokg (Cash Flow from Investing
Activities)
(c) fokh; f;kvksa ls izokg (Cash Flow from Financing
Activities)
(d) jksdM+ lerqY; (Cash Equivalent)
37. jksdM+ izokg fooj.k cukrs le; ,d fokh; dEiuh }kjk izkIr fd;k x;k
C;kt fdl izdkj dh f;k osG vUrxZr oxhZr fd;k tkrk gS\ (Interest received by a finance company is classified under
which kind of activity while preparing a Cash Flow
Statement ?) :
(a) lapkyu f;kvksa ls jksdM+ izokg (Cash Flow from Operating Activities)
(b) fofu;ksx f;kvksa ls jksdM+ izokg (Investing Activities)
(c) fokh; f;kvksa ls jksdM+ izokg (Financing Activities)
(d) jksdM+ lerqY; (Cash Equivalent)
38.
39.
40.
41.
42.
43.
44.
fuEu esa ls dkSu&lk en jksdM+ rqY; gS\ (Which of the following

item is considered as cash equivalents ?) :
(a) cSad vf/kfod"kZ (Bank Overdraft)
(b) fofue; foi= (Bills Receivable)
(d) vYidkyhu fofu;ksx (Short-term Investment)
fuEu esa ls dkSu&lk en jksdM+ rqY; ugha ekuk tkrk gS\ (Which of the
following item is not considered as cash equivalents ?) :
(a) cSad vf/kfod"kZ (Bank Overdraft)
(b) O;kikfjd izi= (Commercial Papers)
(c) Vstjh fcy (Treasury Bills)
deZpkfj;ksa dks udn Hkqxrku ls jksdM+ izokg gS (Cash payment to
employees is a Cash Flow from) :
(a) lapkyu f;kvksa (Operating Activities)
(b) fuos'kh; f;kvksa (Investing Activities)
(c) fokh; f;kvksa (Finance Activities)
fuEu esa ls dkSu&lk jksdM+ vUrcZ ugha gS\ (Which of the following is not a Cash in Flow ?) :
(a) LFkk;h lEifk dh fch (Sale of Fixed Asset)
(b) LFkk;h lEifk dk ; (Purchase of Fixed Asset)
(d) eky dk udn fo; (Sale of Goods for Cash)
jksdM+ izokg fooj.k dk cukuk gS (Preparation of cash flow statement is) :
(a) vfuok;Z (Mondatory)
(b) ijke'kkZRed (Recommendatory)
(c) dEiuh vf/kfu;e osG vUrxZr okafNr (Required under the
companies act)
[;kfr dks ` 10,000 ls vifyf[kr djus osG i'pkr~ 'kq ykHk ` 50,000
gS rks ifjpkyu f;kvksa ls jksdM+ izokg gksxk (If net profit is ` 50,000
after writing off goodwill ` 10,000 then the cash flow
from operating activities will be)
(a) ` 60,000
(b) ` 40,000
(c) ` 50,000
(d) ` 30,000
;fn [;kfr dks ` 6,000 ls viys[ku osG ckn 'kq ykHk ` 35,000 gS
vkSj QuhZpj osG fo; ij gkfu ` 1,000 gS] rks lapkyu f;kvksa ls jksdM+
izokg gksxk (If net profit is ` 35,000 after writing off goodwill ` 6,000 and loss on sale of furniture ` 1,000, cash
flow from operating activities will be)
(a) ` 35,000
(b) ` 42,000
(c) ` 29,000
(d) ` 28,000
[mkj % 1. (a), 2. (a), 3. (d), 4. (a), 5. (d), 6. (a), 7. (d), 8. (c),
9. (a), 10. (d), 11. (b), 12. (d), 13. (a), 14. (a), 15. (b),
16. (a), 17. (d), 18. (b), 19. (b), 20 (c), 21. (b), 22. (c),
23. (b), 24. (c), 25. (c), 26. (c), 27. (a), 28. (d), 29. (c),
30. (c), 31. (b), 32. (b), 33. (c), 34. (c), 35. (c), 36. (b),
37. (a), 38. (a), 39. (d), 40. (a), 41. (b), 42. (a),
43. (a), 44. (b)]
jksdM+ izokg fooj.k
129
iz'u 4. jksdM+ izokg fooj.k osG mi;ksxksa dh O;k[;k dhft,A (State

the uses of Cash Flow Statement.)
(C.B.S.E., 2006)

12345678901234
iz'u 1. jksdM+ izokg fooj.k ls D;k vk'k; gS\ (What is meant

by Cash Flow Statement ?)
(C.B.S.E., 2005, 07)
mkjjksdM+ izokg fooj.k ,d ,slk fooj.k gS tks vof/k;ksa osG chp esa
jksdM+ ,oa jksdM+ lerqY;ksa esa ifjorZuksa dks ksrksa rFkk mi;ksxksa osG :i esa n'kkZrk
gSA ;g fuEufyf[kr dks izdV djrk gS
(i) lapkyu lEcU/kh f;kvksa ls jksdM+ izokgA
(ii) fofu;ksx lEcU/kh f;kvksa ls jksdM+ izokgA
(iii) fok lEcU/kh f;kvksa ls jksdM+ izokgA
(iv) jksdM+ ,oa jksdM+ lerqY;ksa esa ifjorZuA
iz'u 2. jksdM+ izokg fooj.k cukrs le; fuEufyf[kr dk (i) lapkyu
f;kvksa] (ii) fuos'k f;kvksa ,oa (iii) fokh; f;kvksa esa oxhZr dhft,A
[Classify the following into cash flow from (i) Operating
Activities, (ii) Investing Activities, (iii) Financing Activities
while preparing a cash flow statement).]
(a) e'khu dk ; (Purchase of Machinery)A
(b) .ki=ksa dk fuxZeu (Issue of Debentures)A
(c) ykHkka'k dk Hkqxrku (Payment of Dividend)A
(d) vk;dj dk Hkqxrku (Payment of Income Tax)A
(e) iwokZf/kdkj va'kksa dk 'kks/ku (Redemption of Preference
Shares)A
(f) C;kt dh izkfIr (Interest Received)A
(g) [;kfr dk ; (Purchase of Goodwill)A
(h) xz k gdks a dks fn;k x;k Nw V (Discount allowed to
Customers)A
mkj(a) fuos'k f;k, (Investing Activities)A
(b) fokh; f;k, (Financing Activities)A
(c) fokh; f;k, (Financing Activities)A
(d) lapkyu f;k, (Operating Activities)A
(e) fokh; f;k, (Financing Activities)A
(f) fuos'k f;k, (Investing Activities)A
(g) lapkyu f;k, (Operating Activities)A
iz'u 3. jksdM+ izokg fooj.k cukrs le; ys[kkadu ekud&3
(la'kksfkr) osG vuqlkj fofHkUu f;k&dykiksa dk fdl izdkj oxhZdj.k

fd;k tkrk gS\ (How the various activities are classified (as
per AS-3 revised) while preparing Cash Flow Statement ?)
mkjys[kkadu ekud&3 (la'kksfkr) osG vuqlkj] jksdM+ izokg fooj.k
cukrs le; fofHkUu f;kdykiksa dks rhu oxks esa foHkkftr fd;k tkrk gS] ;Fkk
1. ifjpkyu (lapkyu) f;kvksa ls jksdM+ izokg (Cash Flows from
Operating Activities)A
2. fofu;ksx f;kvksa ls jksdM+ izokg (Cash Flows from Investing
Activities)A
3. fokh; f;kvksa ls jksdM+ izokg (Cash Flows from Financing
Activities)A
lHkh f;kvksa dks bu rhu oxks esa foHkkftr djus ls jksdM+ izokg fooj.k
iz;ksx djus okys dks ;g lwpuk fey tkrh gS fd bu f;kvksa dk jksdM+ ,oa
jksdM+ rqY;ksa ij D;k izokg gqvk\
mkjjksdM+ izokg fooj.k dh mi;ksfxrk] egRo ;k ykHk fuEufyf[kr gSa

1. jksdM+ fLFkfrQeZ osG jksdM+ dh fLFkfr osG ewY;kadu esa ;g cgqr
mi;ksxh gSA
2. nSfufUnu jksdM+ izcUk esa mi;ksxhQeZ osG fofHkUu izdkj osG O;;ksa osG
Hkqxrku osG fy, jksdM+ dh vko';drk iM+rh gSA jksdM+ izokg fooj.k izcUkdksa
dks jksdM+ osG fofHkUu ksrksa osG lEcUk esa iw.kZ tkudkjh iznku djrk gS] rkfd
mudk lgh iz;ksx fd;k tk losGA
3. jksdM+ ctV rS;kj djus esa mi;ksxh;g fooj.k izcUkd dks jksdM+
ctV rS;kj djus esa lgk;rk iznku djrk gSA
4. fofHkUu dk;ks ls vyx&vyx jks d M+ iz o kg Kkr djus es a
lgk;djksdM+ izokg fooj.k lapkyu lEcUkh] fofu;ksx lEcUkh rFkk fok
lEcUkh f;kvksa ls izkIr gksus okys jksdM+ vkSj fofHkUu f;kvksa esa iz;qDr jksdM+
dks i`Fkd~&i`Fkd~ Kkr djus esa lgk;d gksrk gSA
5. ykHkka'k lEcUkh fu.kZ; ysus esa lgk;djksdM+ izokg fooj.k ykHkka'k
lEcUkh uhfr;ksa osG fukkZj.k vkSj fukkZfjr le; lhek osG vUnj blosG Hkqxrku esa
lgk;d gksrk gSA
6. vYidkyhu fokh; fo'ys"k.k esa vfkd mi;ksxhjksdM+ izokg
fooj.k dks dks"k izokg fooj.k ls vYidkyhu fokh; fo'ys"k.k osG fy, vfkd
mi;ksxh ekuk x;k gS] D;ksafd vfr vYi dky esa ns;rkvksa osG Hkqxrku dh {kerk
osG fy, iwokZuqeku djus esa dk;Z'khy iwth dh txg jksdM+ vfkd lqlaxr
(Relevant) gSA
7. fokh; fu;kstu esa lgk;djksdM+ izokg fooj.k izcUkd dks fokh;
fu;kstu osG fuekZ.k esa lgk;rk iznku djrk gSA
ys[kkadu ekud&3 (la'kksfkr) us jksdM+ izokg fooj.k dh mi;ksfxrk ij
fuEu 'kCnksa esa izdk'k Mkyk gS
,d mie osG jksdM+ izokg osG lEcUk esa lwpuk fokh; fooj.kksas
dk iz;ksx djus okyksa dks mie osG }kjk jksdM+ ,oa jksdM+ lerqY;ksa dks
mRiUu djus dh {kerk rFkk mu jksdM+ izokgksa dks mi;ksx djus dh mie
dh vko';drkvksa osG ewY;kadu gsrq ,d vkkkj izLrqr djrk gSA
iz'u 5. ,d jksdM+ izokg fooj.k dks rS;kj djus osG ms'; D;k gSa\
(What are the objectives of preparing Cash Flow Statement ?)
vFkok (Or)
jksdM+ izokg fooj.k D;ksa rS;kj fd;k tkrk gS \ (Why is Cash
Flow Statement prepared ?) (B.S.E.B., 2014; J.A.C., 2011)
mkjjksdM+ izokg fooj.k osG ms'; (Objects of Cash Flow
Statement)
dks"k izokg fooj.k osG ms'; fuEufyf[kr gSa

1. jksdM+ izokg fooj.k cukus dk ewy ms'; jksdM+ osG ksrksa rFkk iz;ksxksa dh
tkudkjh izkIr djukA
2. nks fpksa dh frfFk;ksa osG chp jksdM+ ,oa jksdM+ lerqY;ksa esa gq, ifjorZu
dks Kkr djukA
3. fofHkUu fuos'k lEcUkh ifj;kstukvksa esa jksdM+ dh vko';drkvksa dk
fukkZj.k djukA
4. dEiuh dh fokh; fLFkfr osG oqG'ky izcUku esa lgk;rk iznku djukA
5. jksdM+ ctV osG fuekZ.k esa lgk;rk iznku djukA
6. fokh; uhfr;ksa osG fukkZj.k esa enn djukA
7. vYidkyhu fokh; fu;kstu esa lgk;rk iznku djukA
8. rjyrk fLFkfr dks csgrj <ax ls O;Dr djukA
130
9. .kh dh fokh; fLFkfr osG iqujh{k.k esa enn djukA

10. ykHkka'k osG Hkqxrku osG lEcUk esa fu.kZ; ysus esa lgk;rk iznku djukA
iz'u 6. bu 'kCnksa dh O;k[;k djsajksdM+ rqY; jkf'k;k] jksdM+ izokgA
(Explain the terms : Cash Equivalents, Cash Flows.)
mkjjksdM+ rqY; jkf'k;k (Cash Equivalents)jksdM+ rqY;
vR;fkd rjy vYidkyhu fuos'k gSa] ftUgsa rqjUr jksdM+ dh jkf'k esa ifjorr
fd;k tk ldrk gSA bu fuos'kksa osG ewY; esa ifjorZu dk tksf[ke ugha osG cjkcj
jgrk gSA fdlh fofu;ksx dks jksdM+ lerqY; izk;% ml le; ekuk tkrk gS tc
bldh ifjiDork vofk (Maturity period) de gks_ tSls] rhu ekg vFkok
rhu ekg ls Hkh deA
jksdM+ rqY; osG mnkgj.kVstjh fcy] O;kikfjd foi=] de ifjiDork
vofk okys cSad tek] ,sls iwokZfkdkj va'kksa dk ; tks la'kksku dh frfFk osG
oqGN le; igys gh ; fd;s x;s gSaA
jksdM+ izokgjksdM+ izokg ls vk'k; O;olk; esa jksdM+ osG ^vUrokZg* ,oa
^cfgokZg* ls gS tks fofHkUu f;kvksa ls mRiUu gksrk gSA nwljs 'kCnksa esa] jksdM+ izokg
ls vk'k; O;olk; esa jksdM+ osG vkokxeu vFkkZr~ fofHkUu f;kvksa ls izkIr gksus
okys jksdM+ ,oa fofHkUu f;kvksa esa O;; gksus okys jksdM+ ls gSA
iz'u 7. fofu;ksx f;kvksa ls jksdM+ izokg ls D;k vk'k; gS\ blosG nks
mnkgj.k nsAa (What is the meaning of Cash Flow from Investing
Activities ? Give two examples of it.)
mkjvFkZfofu;kstu lEcUkh f;kvksa ls vk'k; mu f;kvksa ls gS] tks

mie dh nh?kZdkyhu lEifk;ksa osG ;&fo; ls jksdM+ izokgksa dks mRiUu
djrs gSaA Lej.k jgs fd nh?kZdkyhu lEifk;k ,slh gksuh pkfg, tks iqu% fo; osG
fy, u j[kh xbZ gksaA fofu;ksx lEcUkh f;kvksa ls jksdM+ izokg esa ,slh nh?kZdkyhu
lEifk;ksa o fofu;ksxksa osG ;&fo; 'kkfey fd;s tkrs gSa] ftUgsa jksdM+ lerqY;
esa 'kkfey ugha fd;k tkrk gSA
mnkgj.k(1) LFkk;h lEifk;ksa (vn`'; lEifk;ksa lfgr) dks ; djus
osG fy, fd;s x, jksdM+ HkqxrkuA
(2) LFkk;h lEifk;ksa (vn`'; lEifk;ksa lfgr) osG fo; ls izkfIr;kA
1234567890123
iz'u 1. jksdM+ izokg fooj.k ls vki D;k le>rs gSa\ blds ms'; D;k
gSa\ (What do you understand by Cash Flow Statement ?
What are its objects ?)
mkjjksdM+ izokg fooj.k dk vFkZ (Meaning of Cash Flow

Statement)jksdM+ izokg fooj.k og fooj.k gS tks ,d nh gqbZ vofk
esa fdlh mie osG jksdM+ osG lzksrksa (Sources) rFkk iz;ksxksa (Applications) dks iznf'kZr djrk gSA ;g ,slk fooj.k gS tks nks vofk;ksa osG chp jksdM+
esa gq, ifjorZuksa osG dkj.kksa dh O;k[;k djrk gSA ;gk jksdM+ 'kCn ls vk'k;
^jksdM+* (Cash) rFkk jksdM+ rqY;ksa (lerqY;ksa) (Cash Equivalents) ls gSA
tkfgj gS fd jksdM+ izokg fooj.k esa mUgha enksa dks 'kkfey fd;k tkrk gS tks jksdM+
dks izHkkfor djrh gSaA vr% bls ^fokh; fLFkfr esa gq, ifjorZuksa dk
fooj.k&jksdM+ vkkkj* (Statement of Changes in Financial
Position of Cash Basis) Hkh dgk tkrk gSA ,d izdkj ls ;g ,d fo'ks"k
vofk osG nkSjku jksdM+ dh izkfIr;ksa (Receipts) rFkk Hkqxrkuksa (Payments)
dk fooj.k gSA ;gk mYys[kuh; gS fd îzokg* osG vUrxZr xSj&jksdM+ enksa ls
jksdM+ dk vUrokZg (Inflow) rFkk cfgokZg (Outflow) nksuksa 'kkfey gSaA vr%
jksdM+ izokg esa jksdM+ rFkk jksdM+ lerqY; jkf'k;ksa osG lzksr (Sources) rFkk
mi;ksx (Application) ij ;ku fn;k tkrk gSA
jksdM+ izokg fooj.k osG ms';

(OBJECTIVES OF CASH FLOW STATEMENT)
jksdM+ izokg fooj.k osG ms'; fuEufyf[kr gSa

1. jksdM+ izokg fooj.k cukus dk ewy ms'; jksdM+ osG lzksrksa rFkk iz;ksxksa
dh tkudkjh izkIr djukA
2. nks fpksa dh frfFk;ksa osG chp jksdM+ ,oa jksdM+ lerqY;ksa esa gq, ifjorZu
dks Kkr djukA
3. fofHkUu fuos'k lEcUkh ifj;kstukvksa esa jksdM+ dh vko';drkvksa dk
fukkZj.k djukA
4. dEiuh dh fokh; fLFkfr osG oqG'ky izcUku esa lgk;rk iznku djukA
5. jksdM+ ctV osG fuekZ.k esa lgk;rk iznku djukA
6. fokh; uhfr;ksa osG fukkZj.k esa enn djukA
7. vYidkyhu fokh; fu;kstu esa lgk;rk iznku djukA
8. rjyrk fLFkfr dks csgrj <ax ls O;Dr djukA
9. .kh dh fokh; fLFkfr osG iqujh{k.k esa enn djukA
10. ykHkka'k osG Hkqxrku osG lEcUk esa fu.kZ; ysus esa lgk;rk iznku djukA
iz'u 2. jksdM+ izokg fooj.k osG egRo dks Li"V dhft,A (Explain
the importance of Cash Flow Statments.)
mkjjks d M+ iz o kg fooj.k dh mi;ks f xrk@egRo ;k mi;ks x

(Utility/Importance or Uses of Cash Flow Statement)jksdM+
izokg fooj.k dh mi;ksfxrk] egRo ;k mi;ksx fuEufyf[kr gSa
1. jksdM+ fLFkfr (Cash Position)QeZ osG jksdM+ dh fLFkfr osG ewY;kadu
esa ;g cgqr mi;ksxh gSA
2. nSfufUnu jksdM+ izcUk esa mi;ksxh (Useful in Daily Cash
Management)QeZ osG fofHkUu izdkj osG O;;ksa osG Hkqxrku osG fy, jksdM+
dh vko';drk iM+rh gSA jksdM+ izokg fooj.k izcUkdksa dks jksdM+ osG fofHkUu
lzksrksa osG lEcUk esa iw.kZ tkudkjh iznku djrk gS rkfd mudk lgh iz;ksx fd;k tk
losGA
3. jksdM+ ctV rS;kj djus esa mi;ksxh (Useful in prepare Cash
Budget);g fooj.k izcUkd dks jksdM+ ctV rS;kj djus esa lgk;rk iznku
djrk gSA
4. fofHkUu dk;ks ls vyx&vyx jksdM+ izokg Kkr djus esa lgk;d
(Helpful to ascertain Cash Flow from various activities)
jksdM+ izokg fooj.k lapkyu lEcUkh] fofu;ksx lEcUkh rFkk fok lEcUkh
f;kvksa ls izkIr gksus okys jksdM+ vkSj fofHkUu f;kvksa esa iz;qDr jksdM+ dks
i`Fkd~&i`Fkd~ Kkr djus esa lgk;d gksrk gSA
5. ykHkka'k lEcUkh fu.kZ; ysus esa lgk;d (Helpful for Dividend
Decision)jksdM+ izokg fooj.k ykHkka'k lEcUkh uhfr;ksa osG fukkZj.k vkSj
fukkZfjr le; lhek osG vUnj blosG Hkqxrku esa lgk;d gksrk gSA
6. vYidkyhu fokh; fo'ys"k.k esa vfkd mi;ksxh (Useful in
Short-term Financial Analysis)jksdM+ izokg fooj.k dks dks"k izokg
fooj.k ls vYidkyhu fokh; fo'ys"k.k osG fy, vfkd mi;ksxh ekuk x;k gS]
D;ksafd vfr vYidky esa ns;rkvksa osG Hkqxrku dh {kerk osG fy, iwokZuqeku djus
esa dk;Z'khy iwth dh txg jksdM+ vfkd lqlaxr (Relevant) gSA
7. fokh; fu;kstu esa lgk;d (Helpful in Financial Planning)jksdM+ izokg fooj.k izcUkd dks fokh; fu;kstu osG fuekZ.k esa lgk;rk
iznku djrk gSA
8. fokh; fu;U=.k esa lgk;d (Helpful in Financial Control)
jksdM+ izokg fooj.k izcUkd dks fu;U=.k osG iz;ksx esa lgk;d gksrk gSA izcUkd
mu dkj.kksa dh [kkst dj ldrs gSa tks ctVh; vkcaVu rFkk okLrfod Hkqxrkuksa esa
vUrj osG fy, mkjnk;h gSa vkSj blosG vkkkj ij vR;fkd O;;ksa dh izo`fk dks
jksdus osG fy, lqkkjkRed mik; dj ldrs gSaA
ys[kkadu ekud&3 (la'kksfkr) us jksdM+ izokg fooj.k dh mi;ksfxrk ij
fuEu 'kCnksa esa izdk'k Mkyk gS
^^,d mie osG jksdM+ izokg osG lEcUk esa lwpuk fokh; fooj.kksa
dk iz;ksx djus okyksa dks mie osG }kjk jksdM+ ,oa jksdM+ lerqY;ksa dks
mRiUu djus dh {kerk rFkk mu jksdM+ izokgksa dks mi;ksx djus dh mie
dh vko';drkvksa osG ewY;kadu gsrq ,d vkkkj izLrqr djrk gSA**
jksdM+ izokg fooj.k

131
iz'u 3. X fy- us lEifk;ksa ij ` 20,000 kl izHkkfjr djus ,oa
o"kZ osG nkSjku nsunkjksa esa ` 6,000 dh o`f gqbZ] ysunkjksa esa ` 10,000
` 30,000 lkekU; lap; esa gLrkUrfjr djus osG i'pkr~ ` 1,00,000 dk
dh o`f] iwoZnk O;;ksa esa ` 200 dh o`f] izkI; foi=ksa esa ` 3,000 dh
ykHk dek;kA [;kfr vifyf[kr dh x;h ` 7,000 vkSj e'khujh osG deh] ns; fcyksa esa ` 4,000 dh deh vkSj vnk O;;ksa esa ` 2,000 dh
fo; ij ykHk ` 3,000 FkkA vkidks vU; lwpuk, (pkyw lEifk;ksa rFkk deh gqbZA lapkyu f;kvksa ls jksdM+ Kkr dhft,A (At the end of the
pkyw nkf;Roksa esa ifjorZu osG lEcU/k esa) fuEu izdkj miyCk gSa (X Ltd. year Debtors showed an increase of ` 6,000, Creditors an
made a profit of ` 1,00,000 after charging depreciation of
` 20,000 on assets and a transfer to General Reserve of
` 30,000. The goodwill written off was ` 7,000 and the gain
on sale of machinery was ` 3,000. The other information
available to you (change in the value of current assets and
current liabilities) is as follows) :
Solution :
increase of ` 10,000, Prepaid expenses an increase of ` 200,

Bills receivable a decrease of ` 3,000, Bills payable a
decrease of ` 4,000 and Outstanding expenses a decrease
of ` 2,000. Ascertain the Cash from Operating Activities.)
(C.B.S.E., 2004, Delhi)
Statements showing Cash Flow from Operating Activities

Particulars
Net Profit before Tax and Extra-ordinary Items :

Net Profit
Add : Transfer to General Reserve
Adjustment for Non-operating Items :
Add : Depreciation
Goodwill Written off
Amount
Amount
1,00,000
30,000
Less : Gain on Sale of Machinery

Operating Profit before Working Capital Changes
Add : Increase in Creditors
Decrease in Bills Receivable
20,000
7,000
27,000
(3,000)
10,000
3,000
Less : Increase in Debtors

Increase in Prepaid Expenses
Decrease in Bills Payable
Decrease in Outstanding Expenses
6,000
200
4,000
2,000
Cash Flow from Operating Activities
iz'u 4. Jhuk;d gksVy fyfeVsM us vkidks fuEufyf[kr tkudkfj;k

nh gSa (Srinayak Hotel Ltd. has given you the following
informations) :
`
1 vizSy] 2012 dks e'khujh (Machinery as on April 1, 2012)
50,000
31 ekpZ] 2013 dks e'khujh (Machinery as on March 31,
2013)
60,000
1 vizSy] 2012 dks lafpr kl (Accumulated Depreciation
on April 1, 2012)
25,000
Solution :
1,30,000
24,000
1,54,000
13,000
1,67,000
(12,200)
1,54,800
31 ekpZ] 2013 dks lafpr kl (Accumulated Depreciation

on March 31, 2013)
15,000
o"kZ osG nkSjku ,d e'khujh ftldk ewY; ` 25,000 Fkk vkSj ftl ij
lafpr kl ` 15,000 gS] dks ` 13,000 ij cspk x;kA mi;qZDr lwpukvksa
osG vk/kkj ij fuos'k f;kdykiksa ls jksdM+ izokg fudkfy,A (During
the year, a Machinery costing ` 25,000 with Accumulated
Depreciation of ` 15,000 was sold for ` 13,000. Calculate
Cash Flow from Investing Activities on the basis of the
above information.)
(NCERT)
Calculation of Cash Flow from Investing Activities

Particulars
Amount
`
Sale of Machinery
Purchase of Machinery
Net Cash Used in Investing Activities
Working Notes :
Dr.
Machinery Account
Particulars
Amount
Cr.
Particulars
To Balance b/d
13,000
(35,000)
(22,000)
50,000
Amount
`
By Cash A/c (Proceeds from Sale of
132
To Profit and Loss A/c (Profit on Sale of
Machine)
To Cash A/c (Balancing figureNew
Machinery Purchased)
Dr.
3,000
Machine)Inflow
By Accumulated Depreciation
By Balance c/d
13,000
15,000
60,000
35,000
88,000
88,000
Accumulated Depreciation Account

Particulars
Amount
Cr.
Particulars
Amount
To Machinery A/c (Accumulated Dep. on

Machinery Sold)
To Balance c/d
15,000
15,000
30,000
By Balance b/d
By Profit and Loss A/c (Depreciation
provided during the year)
25,000
5,000
30,000
iz'u 5. xqMyd fy- osG vxzfyf[kr fLFkfr&fooj.kksa ls la'kksf/kr ys[kkadu ekud&3 osG vuqlkj vizR;{k fof/k ls jksdM+ izokg fooj.k rS;kj
dhft, (From the following Balance Sheets of Goodluck Ltd., prepare Cash Flow Statement according to Revised Accounting
Standard-3 by Indirect Method) :
Particulars
I.

(1) Shareholders' Funds :
Share Capital
Reserve
Profit & Loss A/c
Creditors
II. Assets
(1) Non-Current Assets :
Machinery
Goodwill
Debtors
Stock
Cash at Bank
31.12.2013
31.12.2014
2,25,000
20,000
15,000
2,50,000
35,000
24,000
38,500
2,98,500
50,500
3,59,500
1,20,000
36,000
1,60,000
20,000
1,19,000
10,000
13,500
2,98,500
1,54,500
15,000
10,000
3,59,500
Depreciation charged on Machinery ` 30,000.

Solution :
Goodluck Ltd.
Cash Flow Statement (Indirect Method)
(for the year ended 31st December, 2014)
Particulars
(A) Cash Flows from Operating Activities :

New Profit for the year (` 24,000 15,000)
Add : Transfer to Reserve (35,000 20,000)
Net Profit before Taxation
Adjustments for :
Add : Depreciation of Machinery
Add : Goodwill Written off
Add : Increase in Creditors
Amount
Amount
9,000
15,000
24,000
30,000
16,000
70,000
12,000
70,000
jksdM+ izokg fooj.k
133
Less : Increase in Debtors

Increase in Stock
(35,000)
(5,000)
Net Cash Generated from Operating Activities (A)

(B) Cash Flows for Investing Activities :
Purchase of Machinery
Net Cash Used in Investing Activities (B)
(C) Cash Flows from Financing Activities :
Issue of Shares
Net Cash Generated from Financing Activities (C)
Net Cash Decrease in Cash and Cash Equivalents (A + B + C)
Cash and Cash Equivalents in the beginning of the year
Cash and Cash Equivalents at the end of the year
(28,500)
41,500
70,000
70,000
25,000
25,000
(3,500)
13,500
10,000
Working Note :
1. Machinery Account
`
Particulars
To Balance b/d
To Bank A/c (Purchases) (Balancing fig.)
1,20,000
70,000
Particulars
By Depreciation A/c
By Balance c/d
30,000
1,60,000
1,90,000
1,90,000
iz'u 6. ,Dl fyfeVsM osG fuEufyf[kr fLFkfr fooj.k ls jksdM+ izokg fooj.k rS;kj dhft, (From the following Balance Sheets of X
Ltd., prepare a Cash Flow Statement) :
Note 31.03.2013 31.03.2012
No.
`
`
I.
lerk ,oa ns;rk, (Equity and Liabilities)

va'k/kkjh dks"k (Shareholders Funds)
(a) va'k iwth (Share Capital)
(b) lap; ,oa vkf/kD; (Reserves and Surplus)
2. xSj&pkyw nkf;Ro (Non-current Liabilities)
nh?kZdkyhu .k (Long-term Borrowings)
3. pkyw nkf;Ro (Current Liabilities)
O;kikfjd ns;rk, (Trade Payable)
1.
60,000
8,000
50,000
50,000
25,000
1,89,000
9,000
1,27,000
98,000
16,000
84,000
6,000
18,000
49,000
8,000
20,000
12,000
5,000
1,89,000
1,27,000
;ksx Total)
II.
70,000
44,000
ifjlEifk;k (Assets)
1. xSj&pkyw lEifk;k (Non-current Assets) :
(a) LFkk;h lEifk;k (Fixed Assets)
(i) ewrZ lEifk;k (Tangible Assets)
(b) xSj&pkyw fuos'k (Non-current Investments)
2. pkyw lEifk;k (Current Assets)
(a) pkyw fuos'k (foi.ku ;ksX;) [Current Investment (Marketable)]
(b) baos.Vjh (Inventories)
(c) jksdM+ ,oa jksdM+ rqY; (Cash and Cash Equivalents)
;ksx (Total)
Notes to Accounts :
Note No.
1
Particulars
Reserves and Surplus
General Reserve
Surplus, i.e., Balance in Statement of Profit and Loss
31.3.2013
31.3.2012
30,000
14,000
20,000
(12,000)
134
vfrfjDr lwpuk (Additional Information) :

(i) o"kZ osG nkSjku ewrZ lEifk;ksa (e'khu) ij kl dh O;oLFkk ` 8,000
(ii) .ki=ksa ij C;kt fn;k x;k ` 5,000A
Solution :
Working Note No. 1
Calculation of Net Profit before Tax
Net Profit from the Current Year (` 14,000 + 12,000)
Add : Transfer to General Reserve (30,000 20,000)
`
= 26,000
= 10,000
36,000
Working Note No. 2.
Fixed Tangible Assets (Machinery)

Dr.
Cr.
Particulars
Amount
Particulars
Amount
To Balance b/d
To Cash Purchases (Bal. fig.)
84,000
22,000
By Depreciation A/c
By Balance c/d
8,000
98,000
1,06,000
1,06,000
Cash Flow Statement

(for the year ended 31.03.2013)
Particulars
I.
Cash Flows from Operating Activities :

Net Profit before Tax (See Note No. 1)
Add : Depreciation on Fixed Tangible Assets (Machinery)
Interest on Long-term Borrowings (Debentures)
Add : Increase in Current Liabilities
Trade Payables
Less : Increase in Current Assets Inventories
Net Cash from Operating Activities (I)
II. Cash Flows from Investing Activities :
Purchase of Tangible Fixed Assets (Machinery) (See Note No. 2)
Purchase of Non-current Investments
Net Cash used in Investing Activities
III. Cash Flows from Financing Activities :
Proceeds from issue of Equity Share
Interest on Long-term Borrowings paid (Debentures)
Net Cash Flow from Financial Activities (3)
IV. Net Increase in Cash and Cash Equivalents (I + II + III)
V. Add : Cash and Cash Equivalents in the Beginning of the Year
Short-term Marketable Securities
VI. Cash and Cash Equivalents at the end of the year
Short-term Marketable Securities
Amount
Amount
36,000
8,000
5,000
16,000
(37,000)
(22,000)
(10,000)
(2)
13,000
49,000
(21,000)
(28,000)
(32,000)
10,000
(5,000)
5,000
1,000
5,000
20,000
25,000
26,000
8,000
18,000
26,000
[Suresh\Final Prof.\11-10-14]
izkn'kZ iz'u&i= (ys[kk'kkL=
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MODEL PAPER
ys[kk'kkL=
(Accountancy) :
Class-XII
izkn'kZ iz'u&i=] 2015 : lSV&I

[le; (Time) % 3 ?kaVk 15 feuV
[iw.kkZd (M.M.) % 100
lkekU; funsZ'k (General Instructions) :

(i) ;g iz'u&i= rhu Hkkxksa esa foHk gS
S v] c vkSj lA
This question paper contains three partsA, B and C.
(ii)
Hkkx v lHkh Nk=ksa osG fy, vfuok;Z gSA
(iii)
'ks"k Hkkx c vkSj Hkkx l esa ls fdlh ,d Hkkx osG mkj nsaA
(iv)
Hkkx vxSj&O;kikfjd laLFkkvksa rFkk lk>snkjh Qeks osG fy, ys[kkaduA
Part A is compulsory for all candidates.

Candidates can attempt only one part of the remaining Part B and C.
Accounting for Not-for-profit Organisations and Partnership Firms.
Hkkx cdEiuh ys[ks ,oa fokh; fooj.kksa dk fo'ys"k.k
Company Accounts and Financial Statement Analysis.
Hkkx lvfHkdfy= ys[kkadu
Computerised Accounting System.
[k.M&I : oLrqfu"B iz'u
funsZ'kiz'u la[;k 1-40 rd fuEufyf[kr iz'uksa osG pkj fodYi fn, x, g ftuesa ls ,d fodYi lgh gSA lgh fodYi dk p;u dj mkj
rkfydk esa vafdr djsaA
Instruction : Q. No. 1-40 in the following questions there is only one correct answer. You have to mark only the
correct answer in the answer booklet.
1 40 = 40
1.
Hkkx&v ,oa c (Part-A & B)
lk>snkjh QeZ osG iquxZBu ij vfyf[kr lEifk dk ys[kk djus ij gksxk (Recording of an unrecorded asset on the reconstitution of a
partnership firms will be) :

(b) orZeku lk>snkjksa dks ykHk (Gain to Existing Partners)
(a) iqjkus lk>snkjksa dks ykHk (Gain to old Partners)
(c) orZeku lk>snkjksa dks gkfu (Loss of Existing Partners)
(d) orZeku lk>snkjksa dks u ykHk&u gkfu (Neither gain nor loss to the Existing Partners)
2. QeZ osG fy;s lk>snkj osG vkgj.k ij C;kt gS (For the firm, interest on partners drawings is a) :
(a) O;; (Expenses)
(b) vk; (Income)
(c) gkfu (Loss)
3. ,d Dyc }kjk izkIr vkthou lnL;rk 'kqYd dks fn[kk;k tkrk gS (Life Membership fees received by a Club is shown in) :
4. lekiu O;;ksa dks olwyh [kkrs osG i{k esa fy[kk tkrk gS (Realisation expenses are recorded in the side of Realisation A/c) :
(a) nkf;Ro (Liabilities)
(b) lEifk (Assets)
(c) MsfcV (Debit)
(d) sfMV (Credit)
5. lk>snkjh lay[
s k dh vuqifLFkfr esa lk>snkj dks muosG }kjk QeZ dks nh x;h vfxze jkf'k ij C;kt fn;k tk;sxk
In the absence of partnership deed, the partner will be allowed interest on the amount advanced to the firm :
(a) @ 5%
(b) @ 6%
(c) @ 9%
(d) @ 8%
6. ,d xSj&O;kikfjd laLFkk osG fy, ekuns; gksrk gS (For a non-trading concern, honorarium is) :
(a) vk; (An Income)
7. izkfIr vkSj Hkqxrku [kkrk gS (Receipts and Payments Account is a) :
(ys[kk'kkL=
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Rajeevs Model Paper
XII
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8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
QeZ osG fo?kVu osG le; lEifk;ksa dk iqLrdh; ewY;] olwyh [kkrs osG fdl i{k esa fy[kk tkrk gS\ (At the time of Dissolution of firm book
value of assets is recorded in which side of the Realisation Account ?)

(a) MsfcV i{k (Debit Side)
(b) sfMV i{k (Credit Side)
(c) nkf;Ro i{k (Liabilities)
QeZ osG fo?kVu ij cd vf/kfod"kZ dks gLrkUrfjr djsaxs (On dissolution of a firm, book overdraft is transferred to) :
(a) jksdM+ [kkrs esas (Cash A/c)
(b) cd [kkrs esa (Bank A/c)
(c) olwyh [kkrs esa (Realisation A/c)
(d) lk>snkj osG iwth [kkrs esa (Partners Capital A/c)
fdlh lk>snkj dh lsokfuo`fk] e`R;q ij lk>snkjksa osG iwth [kkrs dks tek fd;k tk,xk (An retirement/death of a partner, Partners Capital
Account will be credited with) :
(a) mlosG Hkkx dh [;kfr osG lkFk (His/her share of goodwill) (b) QeZ dh [;kfr osG lkFk (Goodwill of the firm)
(c) 'ks"k lk>snkjksa osG Hkkx dh [;kfr osG lkFk (Share of goodwill of remaining partners)
QeZ osG fo?kVu ij lk>snkjksa osG iwth [kkrs cUn fd;s tkrs g (On dissolution of the firm, Partners Capital Accounts are closed
through) :
(a) olwyh [kkrs osG ek/;e ls (Realisation Account)
(b) vkgj.k [kkrs osG ek/;e ls (Drawings Account)
(c) cd [kkrs osG ek/;e ls (Bank Account)
(d) .k [kkrs osG ek/;e ls (Loan Account)
iquewZY;kadu [kkrk ;k ykHk&gkfu lek;kstu [kkrk gS (Revaluation Account or Profit and Loss Adjustment Account is a) :
(a) O;fxr [kkrk (Personal A/c)
(d) blesa ls dksbZ ug (None of these)
R;kx vuqikr fudkyuk iM+rk gS (Sacrifice Ratio has to be calculated) :
(a) lk>snkj osG izo's k osG le; (At the time of Admission of a Partner)
(b) lk>snkj osG vodk'k xzg.k osG le; (At the time of Retirement of a Partner)
(c) lk>snkj dh e`R;q osG le; (At the time of a Partner)
(d) lk>snkj osG fookg osG le; (At the time of Marriage of a Partner)
lk>snkj osG vodk'k xzg.k djus ij] lEifk ,oa nkf;Roksa osG ewY;ksa esa lek;kstu osG ykHk iwth [kkrs esa tek fd;s tkus pkfg, (On retirement of a
partner, profit on the adjustment in the value of assets and liabilities should be credited to the Capital Account of) :
(a) cps gq, lk>snkjksa osG u;s ykHk&foHkktu osG vuqikr esa (The remaining partners in their new Profit-Sharing ratio)
(b) cps gq, lk>snkjksa osG iqjkus ykHk&foHkktu osG vuqikr esa (The remaining partners in their old Profit-Sharing ratio)
(c) lHkh lk>snkjksa osG iqjkus ykHk&foHkktu osG vuqikr esa (All Partners in the old Profit-Sharing ratio)
vodk'k xzg.k djus osG le; iquewZY;kadu osG ykHk vkSj gkfu dks ogu fd;k tkrk gS (Profit and loss on revaluation at the time of
retirement must be shared by) :
(a) cps gq, lk>snkjksa }kjk (Continuting Partner)
(b) lHkh lk>snkjksa }kjk (All Partners)
(c) flQZ jke }kjk (Only by Ram)
cdk;k pUnk gS (Outstanding subscription is a) :
(a) vk; (Income)
(b) lEifk (Asset)
va'kksa dk vf/kewY; ij fuxZeu gS (Premium on issue of share is as) :
(a) iwthxr ykHk (Capital Gains)
(b) iwthxr gkfu (Capital Losses)
(c) lkekU; ykHk (General Profit)
(d) lkekU; gkfu (General Loss)
jksdM+ izokg fooj.k lEcfU/kr gSS (Cash flow statement is related to) :
(a) AS-2
(b) AS-3
(c) AS-5
(d) AS-10
va'k gj.k (tCr) [kkrs osG 'ks"k dks fpV~Bs esa iznf'kZr fd;k tkrk gS (Balance of Share Forfeiture Account is shown in the Balance
Sheet under the item) :
(a) pkyw nkf;Ro ,oa izko/kku en osG vUrxZr (Current Liabilities and Provisions)
(b) lap; ,oa vf/k'ks"k en osG vUrxZr (Reserves and Surplus)
(c) va'k iwth [kkrs osG vUrxZr (Share Capital A/c)
(d) vjf{kr .k osG vUrxZr (Unsecured Loans)
jksdM+ izokg fooj.k vk/kkfjr gksrk gS (Cash flow statement is based upon) :
(a) ys[kkadu osG miktZu vk/kkj ij (Accrual Basis of Accounting) (b) ys[kkadu osG jksdM+ vk/kkj ij (Cash Basis of Accounting)
(c) besa ls dksbZ ug (None of these)
(d) mijks lHkh (All of above)
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XII
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'kh"kZ@mnxz fo'ys"k.k tkuk tkrk gS (Vertical Analysis is known as) :

(b) xfr'khy fo'ys"k.k (Dynamic Analysis)
(a) LFkSfrd fo'ys"k.k (Static Analysis)
(c) lajpukRed fo'ys"k.k (Structural Analysis)
22. fuEu esa ls dkSu ,d xSj&jksdM+ en ug gS\ (Which one of the following is not a non-cash item ?)
(b) [;kfr dk viys[ku (Goodwill written off)
(c) kl (Depreciation)
(d) vizkI; .kksa osG fy;s izko/kku (Provision for Bad Debts)
23. jksdM+ lerqY; osG ckjs esa lR; gSa (Following are true about cash equivalent) :
(a) vR;f/kd rjy vYidkyhu fuos'k (More Liquid Short-term Investment)
(b) cgqr de tksf[ke (Less Risk)
(c) 3 ekg ;k 3 ekg ls de vof/k dh ifjiDork (Maturity of 3 months or less than 3 months)
(d) mijksDr lHkh (Above all)
24. lapkyu ls jksdM+ izokg dh x.kuk djrs le;-------------------dks 'kq ykHk esa tksMas+xs (Calculate of cash flow from operating activities
21.
include in net profit .....................) :

(a) jgfr;k esa o`f (Increase in Stock)
(b) jgfr;k
esa deh (Decrease in Stock)

(c) nsunkj esa o`f (Increase in Debtor)
(d) ysunkj esa deh (Decrease in Creditors)
------------------;kstuk osG fy, gksrh gS (Cash flow statement is needed for ..................) :
25. jksdM+ izokg fooj.k dh vko';drk
(a) vYikof/k (Short term)
(b) nh?kkZof/k (Long term)
(c) e/;e vof/k (Medium term)
(d) vfr nh?kkZof/k (Very Long term)
26. ;fn fch < 4,20,000, fch okifl;k < 20,000 rFkk csps x;s eky dh ykxr < 3,20,000 gks rks ldy ykHk vuqikr gksxk (If sales is
< 4,20,000, sales returns is < 20,000 and cost of goods sold is < 3,20,000, gross profit ratio will be) :
(a) 20%
(b) 25%
(c) 15%
(d) 10%
LVkWd vkorZ vuqikr osG vUrxZr vkrk gS (Stock turnover ratio comes under) :
(c) fu"iknu vuqikr (Activity Ratio)
--------------28. vkUrfjd vkSj ck LokfeRo osG e/; ,d lUrks"ktud vuqikr
gSA (The satisfactory ratio between internal and external equity
27.
is ...............) :
(a) 1 : 2
29.
30.
31.
32.
33.
(b) 2 : 1
(c) 3 : 1
(d) 4 : 1
pkyw vuqikr gS (Current Ratio is) :

(a) f;k'khyrk vuqikr (Activity Ratio)
(d) 'kks/ku{kerk vuqikr (Solvency Ratio)
pkyw vuqikr (Current Ratio) :
(a) pkyw lEifk;k@pkyw nkf;Ro (Current Assets/Current Liabilities)
(b) rjy lEifk;k@pkyw lEifk;k (Liquid Assets/Current Liabilities)
(c) rjy lEifk;k@pkyw lEifk;k (Liquid Assets/Current Assets)
(d) LFkk;h lEifk;k@pkyw lEifk;k (Fixed Assets/Current Assets)
rjy lEifk;ksa esa 'kkfey gksrk gS (Liquid Assets include) :
(a) izkI; foi= (Bills Receivable)
(c) jksdM+ 'ks"k (Cash Balance)
jksdM+ izokg fooj.k vk/kkfjr gS (Cash Flow Statement in based upon) :
(a) ys[kkadu osG jksdM+ vk/kkj ij (Cash basis of accounting)
(b) ys[kkadu osG miktZu vk/kkj ij (Accrual basis of accounting)
(c) buesa ls fdlh vk/kkj ij ug (None of these)
jksdM+ izokg fooj.k lEcfU/kr gS (Cash Flow Statement is related to) :
(a) ,- ,l-&3 ls (AS-3)
(b) ,- ,l-&6 ls (AS-6)
(c) ,- ,l-&9 ls (AS-9)
(d) ,- ,l-&12 ls (AS-12)
(ys[kk'kkL=
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Rajeevs Model Paper
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jksdM+ izokg fooj.k rS;kj fd;k tkrk gS (Cash Flow Statement is prepared from) :
(a) vkfFkZd fpV~Bk ls (Balance Sheet)
(b) ykHk&gkfu [kkrk ls (Profit & Loss Account)
(c) vfrfj lwpukvksa ls (Additional Information)
35. ifjpkyu lEcU/kh f;kvksa ls jksdM+ izokg esa fuEufyf[kr 'kkfey gksrk gS (Following is included in Cash Flow from Operating
34.
Activities) :
(a) vf/kdkj
36.
37.
38.
39.
40.
'kqYd] Qhl] deh'ku (Royalties, Fees, Commission)

(b) .ki=ksa dk ; (Purchase of Debentures)
(c) e'khu dk ; (Purchases of Machinery)
(d) va'kksa dk fuxZeu (Issue of Shares)
jksdM+ lerqY; esa fuEu 'kkfey gksrk gS (Following are included in cash equivalent) :
s jh fcy (Treasury Bill)
(a) Vt
(b) O;kikfjd fcy (Trade Bill)
(c) de ifjiDork okys cd tek (Bank Deposits of Short Maturity Period)
chek dEifu;ksa ls izkIr nkos dks ekuk tkrk gS (Claims received from Insurance Companies are treated as) :
(a) ifjpkyu lEcU/kh f;kvksa ls jksdM+ izokg (Cash Flows from Operating Activities)
(b) fofu;ksx lEcU/kh f;kvksa ls jksdM+ izokg (Cash Flow from Investing Activities)
(c) fokh; f;kvksa ls jksdM+ izokg (Cash Flow from Financing Activities)
dkSu&lh f;k ^lapkyu f;k* osG vUrxZr vkrh gS\ (Which activity comes under Operating Activities ?)
(a) Hkwfe dk ; (Purchase of Land)
(b) etnwjh ,oa osru (Wages & Salaries)
(c) lerk va'kksa osG fuxZeu ls izkfIr;k (Proceeds from Issuance of Equity Shares)
(d) udn fch (Cash Sales)
dkSu&lh f;k ^lapkyu f;k* osG vUrxZr vkrh gS\ (Which activity comes under Operating Activity ?)
(a) lerk va'kksa osG fuxZeu ls izkfIr;k (Proceeds from Issuance of Equity Shares)
(c) cd vfkfod"kZ (Bank Overdraft)
fuEufyf[kr esa dkSu jksdM+ vUrokZg ug gS\ (Which of the following is not a cash inflow ?)
(b) .ki=ksa dk fuxZeu (Issue of Debentures)
Hkkx&l
(Part-C)
1. Excel dk lw= fdl ls 'kq: gksrk gS (In Excel formula starts with) :
(a) = Sign
2. Excel dh
(b) + Sign
(d) None of these
Qkby dks fdl ls izn'kr djrs gSa (In Excel worksheets are given extension) :
(a) .xls
3.
(c) Sign
(b) .doc
(c) .bmp
(d) .ppt
buesa ls microsoft excel dk mi;ksx dsydqy's ku ds fy;s fd;k tkrk gS (In Microsoft Excel, you use for Calculations)
(a) Formula
4. Computer flLVe
(b) Row
(c) Cell
(d) All of above
buesa ls fdldk ihNk djrk gS (Computer system may be categorized as follows) :
(a) PC System
(b) Mini System
(c) Main Frame Computer
(d) Super Computer System
5. Processor
(a) Data
D;k gksrk gS (What is the Processor) :

(b) Hardwere
(c) Complier
(d) All of above
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XII
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6. Excel fdl
dk Hkkx gS (Which part of Excel) :
(a) Microsoft System

7. NOT book
(b) PC
(d) None of these
(c) Micro Computer
(d) MAC
buesa ls Sum Function ds fy;s dkSu&lk fp gksrk gS\ (Sum function needs to have before it.)
(a) +
9.
(c) Microsoft O.S.
dk nwljk uke D;k gS (What are NOT books IInd name) :
(a) Laptop
8.
(b) Microsoft Office
(b)
(c) =
(d)
tc Excel ;k ist [kksyrs ;k cUn djrs gSa rks dkSu&lk bar bLrseky djrs gSa (For opening and closing of the file in Excel you can use
which bar) :
(a) Formatting
(b) Standard
(c) Title
(d) None of these
mkj (ANSWERS)
Hkkx&v ,oa c 1. (c), 2. (b), 3. (b), 4. (c), 5. (b), 6. (c), 7. (c), 8. (a), 9. (c), 10. (d), 11. (a), 12. (c), 13. (a), 14. (c), 15. (b), 16. (b),
Hkkx&l
17. (a), 18. (b), 19. (b), 20. (b), 21. (a), 22. (a), 23. (d), 24. (b), 25. (a), , 26. (a), 27. (c), 28. (b), 29. (c), 30. (a),
31. (d), 32. (a), 33. (a), 34. (d), 35. (a), 36. (d), 37. (a), 38. (d), 39. (b), 40. (c).
1. (a), 2. (a), 3. (a), 4. (a), 5. (c), 6. (b), 7. (a), 8. (c), 9. (b).
[k.M&II : xSj&oLrqfu"B iz'u

y?kq mkjh; iz'u
(Short Answer Type Questions)
Hkkx&v (Part-A)
funsZ'kiz'u la[;k 1 ls 10 rd y?kq mkjh; iz'u gSA bl dksfV osG izR;sd iz'u osG fy, rhu vad fu/kkZfjr gSaA
Instruction : Q. No. 1 to 10 are short answer type questions. Every question is of three marks.
3 10 = 30
1. izkfIr ,oa Hkqxrku [kkrk vkSj jksdM+ cgh eas vUrj crkb,A (Distinguish between Receipts and Payments Account and Cash Book.)
[mkji`"B la[;k 3 ij iz'u la[;k 1 ns[ksaA]
2.
3.
4.
5.
6.
lk>snkjh lay[s k dh vuqifLFkfr esa ykxw gksus okyh lk>snkjh vf/kfu;e dh fdUg pkj O;oLFkkvksa dk mYys[k dhft,A (Mention any four provi-
sions of Partnership Act, in the absence of partnership deed.)

[mkji`"B la[;k 13 ij iz'u l[;k 1 ns[ksaA]
A, B rFkk C ,d QeZ esa lk>snkj gSa tks ykHkksa dks cjkcj&cjkcj ckVrs gSaA mudh vpy iwth e'k% < 40,000, < 30,000 ,oa < 20,000 gSA lk>snkjh
lay[s k osG vuqlkj mUgsa iwth ij 10% izfr o"kZ dh nj ls C;kt izkIr gksuk gSA C;kt dk izko/kku ugha fd;k tk ldk vkSj o"kZ osG < 45,000 ykHk dks ckV fn;k
x;kA vko';d lek;kstu izfof"V fn[kkb,A (A, B and C are partners in a firm sharing profits equally. Their fixed capitals
were < 40,000, < 30,000 and < 20,000 respectively. As per Partnership Deed they are to get interest on capital @
10% p.a. The interest on capital could not be provided and the profits for the year < 45,000 were distributed. Show
the necessary adjustment entry.)
[mkji`"B la[;k 20 ij iz'u la[;k 2 ns[ksaA]
R;kx dk vuqikr vkSj ykHk izkfIr vuqikr esa vUrj crkb,A (Distinguish between Sacrificing Ratio and Gaining Ratio.)
[mkji`"B la[;k 37 ij] iz'u la[;k 1 ns[ksaA]
e`rd lk>snkj osG iwth [kkrk dk izk:i cukb,A (Prepare of format of deceased partners capital A/c.)
ckW.M@caki= rFkk .ki= esa dksbZ nks vUrj dhft,A (Give any two differences of Bond and Debentures.)
Hkkx&c
(Part-B)
fokh; fooj.kksa osG fo'ys"k.k osG ms';ksa dh la{ksi esa O;k[;k djsaA (Briefly explain the objectives of analysis of financial statement.)
8. vuqikr fo'ys"k.k dh eq[; lhek, (;k nks"k) crkb,A (State the main limitations (Disadvantages) of Ratio Analysis.)
9. [;kfr dh ikp fo'ks"krk, crkb,A (State five characteristics of Goodwill.)
10. lk>snkj osG vodk'k xzg.k djrs le; ys[kkadu dh D;k leL;k, gSa\ (What are the accounting problems at the time of retirement
7.
of a partner ?)
[mkji`"B la[;k 37 ij]
iz'u la[;k 4 ns[ksaA]
(ys[kk'kkL=
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Rajeevs Model Paper
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Hkkx&l
(Part-C)
dEI;wVj DsG dksbZ rhu ykHk crkb;sA (State any three advantages of computer.)
mkj(1) ;g fdrus Hkh le; dk;Z dj ldrk gS] (2) ,d lkFk fdrus Hkh dk;Z fd;s tk ldrs gSa] (3) bldh xfr rst gksrh gS ftlls dk;Z tYnh gks tkrk
gS] (4) 10 yksxksa dk dk;Z dEI;wVj vdsys djrk gS] (5) dEI;wVj dk mi;ksx jsyos LVs'ku] cSad] vkSj Hkh dbZ txg gksrk gSA
8. ih- Mh- ,y- lh- D;k gS\ (What is PDLC ?)
mkj(i) fof'k"V leL;k ds funku ds fy;s izkxs zke yksftd rS;kj djukA
(ii) dksMx djrs gq, fo'ks"k izkx
s zkex ysaXost esa izkxs zke yksftd fy[kukA
(iii) t:jh MkD;weasV's ku rS;kj djukA
(iv) izkx
s zke dks VSLVx o Mhcfxx djukA
(v) e'khu ysaXost esa cnyus ds fy;s izkx
s zke dks vlsEcyh vkSj dEikby djukA
9. dEI;wVj dh dksbZ ikp fo'ks"krkvksa dk o.kZu djsaA (Write any five characteristics of computer.)
mkj(i) AutomaticComputer are automatic machines because once started on a job, they carry out the job until
7.
it is finished.
(ii) Accuracyaccuracy of a computer is consistently high and the degree of its accuracy depends upon its design.
However errors can occured computer or incorrect input data.
(iii) No FeelingsThey have no feelings and no instincts because they are machines.
(iv) No. I. Q.Computer possesses no intelligence of its own, It has to be told what to do and in what sequence,
Hence, only an user.
(v) Power of RememberingA computer can store and recall any amount of information because of its secondary
storage capability.
10. vkdM+kas dh tkudkjh vkSj rkfydk ls vki D;k le>rs gks\ (What do you mean by information and data ?)
mkjDataIt is the collection of facts unorganized but able to be organized in to useful information.
InformationIt is a data arranged in an order and form that is useful to people who received.
nh?kZ mkjh; iz'u
(Long Answer Type Questions)
funsZ'kiz'u la[;k 11 ls 15 rd nh?kZ mkjh; iz'u gA izR;sd iz'u osG fy, N% vad fu/kkZfjr gSaA
Instruction : Q. No. 11 to 15 are Long Answer Type Questions. Every question is of six marks.
5 6 = 30
Hkkx&v (Part-A)
11.
lR;e Dyc osG fuEufyf[kr izkfIr ,oa Hkqxrku [kkrk ls 31 fnlEcj] 2013 osG fy, vk;&O;; [kkrk rFkk mlh frfFk dk fLFkfr fooj.k cukb,A (From
the following Receipts and Payments Account of Satyam Club, prepare Income and Expenditure Account for the
year ended 31st December, 2013 and Balance Sheet as on that date.)
Receipts and Payments A/c
(for the year ended 31st Dec., 2013)
Receipts
Amount
Payments
<
Balance b/d
Donation
Subscriptions
Entrance Fee
Bank Interest
Interest on Investment
Sale of Drama Tickets
Drama Expenses
7,000
2,500
6,000
500
200
50
600
250
<
Billiard Table
Salary
Repairs
Furniture Purchased
Investment
Insurance Premium
Stationary
Balance c/d
16,850
(a)
Amount
4,000
1,000
250
3,000
3,000
350
75
4,925
16,850
o"kZ 2013 osG fy, vnk pUnk < 450 rFkk 2014 dk vfxze izkIr pUnk < 175A (Subscription due for 2013 < 450 and subscription
received in advance for 2014 < 175.)

(b) chek izhfe;e cdk;k < 25A (Insurance Premium due < 25.)
(c) nku osG 50 izfr'kr dks iwthxr fd;k tkuk gSA (50% of donation is to be capitalised.)
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(d)
(e)
(f)
izo's k 'kqYd dks vkxe vk; ekuk tkuk gSA (Entrance Fee are to be treated as revenue income.)
fuos'k ij 5 ekg dk 8% C;kt vftZr gSA (8% interest has accrued on investment for five months.)
fofy;kMZ Vsfcy xr o"kZ esa ; fd;k x;k Fkk ykxr < 15,000A xr o"kZ esa < 11,000 Hkqxrku fd;s x;s FksA (Billard Table was purchased
last year costing < 15,000 and < 11,000 were paid for it.)
[mkji`"B
la[;k 8 ij] iz'u la[;k 3 ns[ksaA]

S ] 2012 dks mudh fLFkj iwth Fkh % A < 10,000, B < 20,000 rFkk C < 30,000A o"kZ 2012-13 osG fy,
12. A, B ,oa C cjkcj osG lk>snkj gA 1 vizy
< 12,000 osG ykHk dks ckVk x;kA vko';d tuZy izfof"V nhft,] ;fn iwth ij C;kt 12% izfr o"kZ osG cnys 10% izfr o"kZ dh nj ls sfMV fd;k x;k
gSA (A, B and C are equal partners. Their fixed capitals as on 1st April, 2012 were : A < 10,000, B < 20,000 and C <
30,000. Profits for the year 2012-13 amounting to < 12,000 were distributed. Give the necessary Journal entry if
interest on capital was credited @ 10% p.a. instead of 12% p.a.)
13. A, B vkSj C ,d QeZ esa lk>snkj gSa ftudk ykHk foHkktu vuqikr 3 : 2 : 1 gSA A QeZ ls vodk'k xzg.k djrk gSA ml frfFk ij QeZ dk vkFkd fpk
fuEu izdkj Fkk (A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. A retires from his firm. On that
date the Balance Sheet of the firm was as follows) :
Balance Sheet
Liabilities
Amount
<

vnk etnwjh (Outstanding Wages)
iwth (Capitals) :
A
B
C
30,000
7,000
12,000
3,000
<
50,000
40,000
30,000
Assets
cSad (Bank)
nsunkj (Debtors)
LVkWd (Stock)
QuhZpj (Furniture)
Hkou (Building)
e'khujh (Machinery)
Amount
<
38,000
14,000
10,000
25,000
40,000
45,000
1,20,000
1,72,000
1,72,000
fuEu 'krks ij vodk'k xzg.k fd;k x;k (Retirement made on following terms) :
(a) QeZ dh [;kfr dk ewY;kadu < 48,000 fd;k x;k (Goodwill of the firm to be valued at < 48,000)A
(b) Hkou dks 10% c<+kuk gS] LVkWd dks 10% ?kVkuk gS (Building have appreciated by 10%; stock depreciated by 10%)A
(c) A dks cSad }kjk Hkqxrku fd;k tk;sxkA cSad 'ks"k iz;ksx djus osG ckn vko';d jkf'k cSad ls .k yh tk;sxh (A will be paid through Bank.
After using Bank balance if required, necessary loan may be obtained from Bank)A
(d) B rFkk C dk u;k ykHk forj.k vuqikr 5 : 1 gksxk (The new profit-sharing ratio of B and C is decided to be 5 : 1)A
vko';d [kkrs rFkk ubZ QeZ esa B vkSj C dk fLFkfr fooj.k rS;kj dhft,A (Give the necessary ledger accounts and the Balance Sheet
of B and C.)
[mkji`"B
14.
Hkkx&c
(Part-B)
'osrk fyfeVsM us izR;sd < 100 okys 2,000, 8% .ki=ksa dk fuxZeu fd;k ftu ij < 20 izkFkZuk ij vkSj ckdh vkcaVu ij ns; FksA 3,000 .ki=ksa osG
fy, vkosnu&i= izkIr gq, ftuesa ls 1,800 .ki=ksa osG fy, izkIr vkosnuksa dks iw.kZr% vkcafVr fd;k x;kA 800 osG fy, izkFkZuk&i=ksa dks 200 .ki=
vkcafVr fd;s x;s rFkk 'ks"k dks j dj fn;k x;kA lHkh jkf'k;k izkIr gks x;haA (Shweta Ltd. issued 2,000, 8% Debentures of < 100 each,
payable as to < 20 on application and balance on allotment. Applications were received for 3,000 debentures out of
which applications for 1,800 were allotted fully. Applications for 800 were allotted 200 debentures and the remaining rejected. All sums due were received.)
'osrk fyfeVsM dh iqLrdksa esa tuZy izfof"V;k dhft,A fpk Hkh fn[kk;saA (Journalise these transactions in the books of Shweta Ltd.
Also show the Balance Sheet.)
15.
vuqikr fo'ys"k.k D;k gS\ ys[kkadu vuqikrksa dk egRo Li"V dhft,A (What is Ratio Analysis ? Explain the importance of accounting
ratios.)
[mkji`"B
(ys[kk'kkL=
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Hkkx&l
(Part-C)
dEI;wVjhr ys[kkadu iz.kkyh dh lhekvksa dk o.kZu djsaA (Explain the limitations of Computerised Accounting System.)
mkjdEI;wVjhr ys[kkadu iz.kkyh dh lhek, (Limitations of Computerised Accounting System)dEI;wVjhr ys[kkadu iz.kkyh
dh lhek, fuEufyf[kr gSa
(i) egxh iz.kkyhdEI;wVjhr ys[kkadu iz.kkyh [kphZyh gSA NksVh O;kolkf;d laLFkk, mldk [kpkZ ogu ugha dj ldrh gSaA
(ii) iz.kkyh dh foQyrkdHkh&dHkh oqGN dkj.kksa ls gkMZo;
s j dke djuk cUn dj nsrk gSA dHkh&dHkh ok;jl osG dkj.k dEI;wVj dk mi;ksx ugha gks
ikrk gSA blls lkWVos;j {kfrxzLr gksrk gSA le;] Je rFkk /ku dh gkfu gksrh gSA
(iii) vf/kd lqj{kk dh vko';drkdEI;wVjhr ys[kkadu esa lqj{kk dh cgqr t:jr gksrh gS D;ksafd osGoy ,d fMyhV cVu nckus ek= ls gh lkjk MkVk
feV tk;sxkA
(iv) izf'k{k.k dh ykxrdEI;wVjhr ys[kkadu osG fy, izf'kf{kr LVkWQ dh vko';drk gksrh gSA fcuk izf'k{k.k osG ;g lEHko ugha gSA izf'k{k.k ij
vfrfj [kpkZ djuk iM+rk gSA
(v) =qfV;ksa dh tkpdEI;wVj izkx
s zke Lor% gh fdlh vupkgh =qfV dh tkp ugha djrk gS tc rd fd mlesa dksbZ tkp dk pj.k u gksA
(vi) deZpkfj;ksa dk fojks/kJe la?k ,oa deZpkjh bldk fojks/k blfy, djrs gSa fd mUgsa gjne Mj cuk jgrk gS fd blls csjkstxkjh esa o`f gksxhA
15. lEifk dk vifyf[kr ewY; rFkk kl dh x.kuk ds fy, LizM
s &'khV ds QkewZyk dks fy[ksaA kl dh fuEukafdr njsa nh xbZ g
14.
Write a formula for a Spread Sheet to compute the depreciation and Written Down Value of assets. The following
are the rates of depreciation :
lEifk;k (Assets)
Iyk.V ,oa e'khujh (Plant and Machinery)
eksVj okgu (Motor Vehicles)
dEI;wVlZ (Computers)
QuhZpj vkSj fQVXl (Furniture and Fittings)
izkjfEHkd ewY;
kl dh nj
(Opening
Value) <
(Rate of
Depreciation)
8,75,000
@ 20%
5,49,000
@ 20%
9,32,000
@ 20%
84,000
@ 25%
Solution :
1.
2.
3.
4.
5.
1.
2.
3.
4.
5.
Assets
Plant and Machinery
Motor Vehicles
Computers
Furniture and Fittings
Opening Value
8,75,000
5,49,000
9,32,000
84,000
Depreciation
B2+ 20/100
B3+ 20/100
B4+ 20/100
B5+ 25/100
Written-Down-Value
B2C2
B3C3
B4C4
B5C5
Assets
Plant and Machinery
Motor Vehicles
Computers
Furniture and Fittings
Opening Value
8,75,000
5,49,000
9,32,000
84,000
Depreciation
1,75,000
1,09,800
1,86,400
21,000
Written-Down-Value
7,00,000
4,39,200
7,45,600
63,000
izkn'kZ iz'u&i=] 2015 : lSV&2

I.
lkekU; funsZ'k (General Instructions)lSV&1 ns[ksaA
1.
vk; O;; [kkrk cuk;k tkrk gS (Income and Expenditure Account is prepared) :
(c) ykHk u dekus okyh laLFkku }kjk (By Not for Profit Organisation) (d) lHkh laLFkkuksa }kjk (By All Organisations)
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fo'ks"k ms'; ds fy;s izkIr nku fn[kkbZ tk,xh (Donation received for specific objective will be shown) :
(a) vk; O;; [kkrs esa (In Income and Expenditure A/c)
(b) fps ds nkf;Ro i{k esa (On Liability Side of B/S)
(c) fps ds lEifk i{k esa (On Assets Side of B/S)
(d) buesa ls dgha Hkh ugha (None of these)
3. lfpo dks ekuns; dk Hkqxrku gS (Payment of hononarium to Secretary is treated as) :
(b) vk;xr O;; (Revenue Expenditure)
(a) iwthxr O;; (Capital Expenditure)
(c) udn O;; (Cash Expenses)
4. lk>snkjh vuqcU/k cukuk (Preparation of Partnership agreement is) :
(a) vfuok;Z gS (Compulsory)
(b) ,sfPNd gS (Voluntary)
(c) va'kr% vfuok;Z gS (Partly Compulsory)
5. lk>snkjh QeZ ds iquxZBu ij vfyf[kr ysunkj dk ys[kk djus ij gksxk (Recording of an unrecorded liability on the reconstitution of
2.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
a partnership firm will be) :

(a) orZeku lk>snkjksa dks ykHk (A gain to the existing Partners) (b) orZeku lk>snkjksa dks gkfu (A loss to the existing Partners)
(c) orZeku lk>snkjksa dks u ykHk u gkfu (Neither a gain nor a loss to the esisting Partners)
iquewZY;kadu ij ykHk&gkfu dks ogu djrs gSa (Profit and loss on revaluation is borne by) :
(a) iqjkus lk>snkj (Old Partners)
(b) u;s lk>snkj (New Partners)
(c) lHkh lk>snkj (All Partners) (d) dsoy nks lk>snkj (Only two Partners)
jktsUnj] lrh'k rFkk rstiky dk iqjkuk ykHk foHkktu 2 : 2 : 1 gSA lrh'k dh lsokfuo`fk ds ckn mudk ykHk foHkktu vuqikr 3 : 2 gSA vf/kykHk vuqikr
gS (The old Profit Sharing ratio among Rajender, Satish and Tejpal were 2 : 2 : 1. The new profit sharing ratio after
Satish's retirement is 3 : 2. The gaining ratio is) :
(a) 3 : 2
(b) 2 : 1
(c) 1 : 1
(d) 2 : 3
,d lk>snkj dh e`R;q gksus ij la;qDr thou ikWfylh dks fuEu ds iwth [kkrs esa tek fd;k tkrk gS (On the death of a partner, the amount of
Joint Life Policy is credited to the Capital Accounts of) :
(a) flQZ e`r lk>snkj (Only the deceased partner)
(b) e`r lk>snkj lfgr lHkh lk>snkjksa (All partners including the deceased partner)
(c) 'ks"k cps lk>snkjksa] muds u;s ykHk&foHkktu vuqikr esa (Remaining partners, in the new profit sharing ratio)
(d) 'ks"k cps lk>snkjksa] muds iqjkus ykHk&foHkktu vuqikr esa (Remaining partners, in their old profit sharing ratio)
lk>snkj ds izo's k ij] iqjkus rqyu&i= esa n'kkZ;s x;s lap; gLrkUrfjr djsaxs (At the time of admission of a new partner general reserve
appearing in the old Balance Sheet is transferred to) :
(a) lHkh lk>snkjksa ds iwth [kkrksa esa (All Partners Capital A/c)
(b) u;s lk>snkjksa ds iwth [kkrksa esa (New Partners Capital A/c)
(c) iqjkus lk>snkjksa ds iwth [kkrksa esa (Old Partners Capital A/c)
ysunkj vkSj ns; foi= tSls nkf;Roksa dks olwyh [kkrs esa gLrkUrfjr djus ds i'pkr~ Hkqxrku ds lEcU/k esa lwpuk ds vHkko esa] ,sls nkf;Roksa dk
After transferring liabilities like creditors and bills payable in the realisation account in the absence of any
information regarding their payment, such liabilities are treated as :
(a) Hkqxrku ugha gksxk (Never paid)
(b) iw.kZ Hkqxrku gksxk (Fully paid)
(c) vkaf'kd Hkqxrku gksxk (Partly paid)
lerk va'k/kkjh gksrs gSa (Equity shareholders are) :
(b) Lokeh (Owners)
(c) dEiuh dk xzkgd (Customers of the company)
,d dEiuh] dEiuh vf/kfu;e dh fuEu /kkjk ds izko/kkuksa ds vUrxZr cs ij va'kksa dk fuxZeu dj ldrh gS (A company can issue its shares
at discount under the provisions of following Section of Companies Act) :
(a) 78
(b) 79
(c) 80
(d) 81
nkf;Roksa dh dqy jkf'k esa lfEefyr gksrh gS (Total amount of liabilities side includes the following) :
(c) izkFkr iwth (Subscribed Capital)
(d) pqdrk iwt
h (Paid-up-Capital)
vkFkd fps esa .k&i= ij dVkSrh dks fn[kk;k tkrk gS (In the Balance Sheet discount on issue of debenture is shown in) :
(a) nkf;Ro i{k (Liability Side) (b) lEifk i{k (Assets Side)
(c) fps ds ckgj (Outside the Balance Sheet)
(d) nksuksa i{kksa esa (Both Side)
lsch ds funsZ'kksa ds vuqlkj 'kks/ku ls iwoZ .k&i=ksa dh jkf'k dk fdrus izfr'kr ls .k&i= 'kks/ku dks"k dk fuekZ.k djuk gksxk (According to SEBI
guidelines; a company will have to create debenture redemption reserve equivalent to the amount of the following
percentage of debentures issued) :
(a) 40%
(b) 50%
(c) 70%
(d) 100%
(ys[kk'kkL=
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16.
^ldx Q.M fofu;ksx ys[kk* ds fo; ij ykHk dks vUrfjr fd;k tkrk gS (Profit on sale of sinking fund investment is transferred
to) :
(a) ykHk&gkfu
[kkrs esa (Profit and Loss Account)

(c) lfdax Q.M [kkrs esa (Sinking Fund Account)
17. le:i fooj.kksa dks fuEufyf[kr ds uke ls tkuk tkrk gS (Common-size statements are also known as) :
(b) {kSfrt fo'ys"k.k (Horizontal Analysis)
(c) yEcor fo'ys"k.k (Vertical Analysis)
18. rqyukRed fooj.kksa dks ;g Hkh dgrs gSa (Comparative Statements are also known as) :
(a) f;k'khy fo'ys"k.k (Dynamic Analysis)
(c) yEc:i fo'ys"k.k (Vertical Analysis)
19. fuEufyf[kr enksa esa ls fdls pkyw vuqikr dh x.kuk esa ugha j[kk tkrk\
(Which of the following items is not taken into consideration while computing current ratio ?)

20.
vkUrfjd vkSj ck LokfeRo ds e/; ,d lUrks"ktud vuqikr
(d) cSad vf/kfod"kZ (Bank overdraft)

------------
gS (The satisfactory ratio between internal and external equity
is........) :
(a) 1 : 2
21.
(b) 2 : 1
(c) 3 : 1
(d) 4 : 1
(c) 5 : 1
(d) 1 : 5
vkn'kZ rjy vuqikr gS (The ideal liquid ratio is) :

(a) 2 : 1
(b) 1 : 1
ykHkiznrk vuqikr lkekU;r% izn'kr fd;k tkrk gS (Profitability Ratio is generally shown in) :
(c) le; (Time)
23. ;fn fch < 4,20,000] fch okilh < 20,000 rFkk csps eky dh ykxr < 3,20,000 gks rks ldy ykHk vuqikr gksxk
22.
(If sales is < 4,20,000, Sales returns is < 20,000 and cost of goods sold is < 3,20,000, gross profit ratio will be) :
(a) 20%
(b) 25%
(c) 15%
(d) 10%
fuEufyf[kr esa dkSu jksdM+ cfgokZg ugha gS (Which of the following is not a cash outflow) :
(a) ysunkjksa esa o`f (Increase in creditors)
(b) LdU/k esa o`f (Increase in Stock)
(c) iwoZnk O;;ksa esa o`f (Increase in Prepaid Expenses)
25. fuEufyf[kr esa dkSu&lk lapkyu O;; ugha gS (Which of the following item is not operating expenses) :
(a) foKkiu (Advertising)
(b) osru (Salary)
(d) fdjk;k (Rent)
(c) eksVjdkj dh fch ij gkfu (Loss on Sale of Motor Car)
26. dEiuh ds vfUre [kkrs dEiuh vf/kfu;e 2013 dh fdl /kkjk ds izko/kku ds rgr rS;kj fd;s tkrs g (As per provisions of companies act,
24.
2013 under which section, the find accounts of a company is prepared) :

(a) 128
27.
(b) 210
(c) 129
(d) 212
Hkkjrh; dEifu;ksa dks viuk fpk dEiuh vf/kfu;e 2013 dh vuqlwph III ds fdl Hkkx esa fn;s x;s izk:i ds vuqlkj rS;kj djuk iM+rk gS (According
to which part of schedule III of the Indian Companies Act, 2013 Indian companies have to prepare Balance Sheet) :
(a) Hkkx&1 (Part-1)
(c) Hkkx&3 (Part-3)
(b) Hkkx&2 (Part-2)
(d) Hkkx&4 (Part-4)
dEifu;ksa dk vkFkd fpk rS;kj fd;k tk ldrk gS (Balance sheet of companies may be prepared in) :
(a) {kSfrt izk:i esa (In Horizontal Form)
(b) yEcor~ izk:i esa (In Vertical Form)
(c) a ;k b (In Either a or b Form)
29. dEiuh dh [;kfr dks vkFkd fps ds lEifk i{k esa -------------- 'kh"kZd ds vUrxZr fn[kk;k tkrk gS (Goodwill of a company is shown on the
28.
assets side of the Balance Sheet under the head) :

(c) ewrZ
lEifk;k (Tangible Assets)
(b) vewrZ lEifk;k (Intangible Assets)

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30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
vkfFkZd fpV~Bs dk izk:i gksrk gS (The form of Balance Sheet is) :

(a) lery (Horizontal)
(b) lery ;k yEcor~ (Horizontal or Vertical)
(c) yEcor~ (Vertical)
yEcor~ fo'ys"k.k dks dgk tkrk gS (Vertical Analysis is also known as) :
(b) fLFkj fo'ys"k.k (Static Analysis)
(a) vfLFkj fo'ys"k.k (Fluctuation Analysis)
(c) {kSfrt fo'ys"k.k (Horizontal Analysis)
dkSu&lh f;k ^lapkyu f;k* osG vUrxZr vkrh gS\ (Which activity comes under Operating Activity ?)
(a) lerk va'kksa osG fuxZeu lss izkfIr;k (Proceeds from Issuance of Equity Shares)
(c) cd vf/kfod"kZ (Bank Overdraft)
fokh; fooj.kksa osG fuoZpu esa 'kkfey gksrk gS (Interpretation of Financial Statements includes) :
(a) vkykspuk ,oa fo'ys"k.k (Criticism and Analysis)
(b) rqyuk ,oa izo`fk v/;;u (Comparison and Trend Study)
(c) fu"d"kZ fudkyuk (Drawing Conclusion)
le:i fooj.kksa dks fuEufyf[kr osG uke ls Hkh tkuk tkrk gS (Common-size Statements are also known as) :
(b) {kSfrt fo'ys"k.k (Horizontal Analysis)
(c) yEcor~ fo'ys"k.k (Vertical Analysis)
fokh; fo'ys"k.k mi;ksxh gS (Financial analysis is useful) :
(b) va'k/kkfj;ksa ds fy, (For Shareholders)
(a) fofu;ksxdrkZ ds fy, (For Investors)
(c) .ki=/kkfj;ksa ds fy, (For Debentureholders)
fokh; fo'ys"k.k ds fy, midj.k lkekU;r% iz;qDr gS (The most commonly used tools for financial analysis are) :
(b) rqyukRed fooj.k (Comparative Statement)
(a) ys[kkadu vuqikr (Accounting Ratio)
(c) lkekU; vkdkj fooj.k (Comman Size Statement)
fokh; fooj.kksa ds fo'ys"k.kksa esa 'kkfey gksrk gS (Analysis of financial statements involve) :
(b) ykHk&gkfu [kkrk (Profit & Loss A/c)
(a) O;kikfjd [kkrk (Trading A/c)
(c) vkfFkZd fpk (Balance Sheet)
fokh; fo'ys"k.k egRoiw.kZ gS D;ksafd ;g (Financial analysis is significant because it) :
(a) xq.kkRed i{k dh mis{kk djrk gS (Ignores qualitative aspect)
(b) ifjpkyu dq'kyrk dh tkp djrk gS (Judges operational efficiency)
(c) fokh; fooj.kksa dh lhekvksa ls xzflr gS (Suffers from the limitations of financial statements)
(d) fo'ys"kd dh O;fDrxr ;ksX;rk rFkk O;fDrxr i{kikr ls izHkkfor gksrk gS (It is affected by personal ability and bias of the analysis)
vk; fooj.k D;k n'kkZrk gS\ (What is shown by the Income Statement ?) :
(b) ,d fuf'pr vof/k dk ykHk vFkok gkfu (Profit or Loss of a certain period)
(c) jksdM+ cgh dk 'ks"k (Balance of Cash Book)
fLFkfr fooj.k D;k n'kkZrk gS\ (What is shown by Balance Sheet ?) :
(b) ,d fuf'pr vof/k dk ykHk ;k gkfu (Profit or loss of a specific period)
(c) fuf'pr frfFk ij fokh; fLFkfr (Financial position on a specific date)
mkj (ANSWERS)
1. (c), 2. (b), 3. (b), 4. (a), 5. (b), 6. (a), 7. (c), 8. (a), 9. (c), 10. (b), 11. (b), 12. (b), 13. (d), 14. (b), 15. (b), 16. (d),
17. (c), 18. (b), 19. (c), 20. (a), 21. (b), 22. (b), 23. (a), 24. (a), 25. (c), 26. (c), 27. (a), 28. (b), 29. (b), 30. (c), 31. (b),
32. (b), 33. (d), 34. (c), 35. (d), 36. (d), 37. (d), 38. (b), 39. (b), 40. (a).
(ys[kk'kkL=
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y?kq mkjh; iz'u

vk;&O;; [kkrk dh pkj fo'ks"krkvksa dks crkb,A (State four characteristics of Income and Expenditure Account.)
[mkji`"B la- 3 ij] iz'u 3 ns[ksaA]
2. [;kfr dks izHkkfor djus okys rhu ?kVdksa dks crkb,A (Explain three factors affecting goodwill.)
[mkji`"B la- 25 ij] iz'u la- 4 ns[ksaA]
3. lk>snkj osG vodk'k xzg.k ij la;qDr thou chek ikWfylh osG lek;kstu dh D;k izfof"V;k dh tkrh gSa\ (What adjustment entries are made
1.
for Joint Life Policy on retirement of a partner ?)

4. va'k vkSj .ki= esa vUrj crkb,A (Distinguish between Shares and Debentures.)
5. vfr vfHknku dh voLFkk esa dEiuh dks .ki=ksa osG vkc.Vu osG fy, dkSu&dkSu ls fodYi miyCk gSa \ (What options available a company for
allotment of debentures in case of over subscription ?)
6. {kSfrt fo'ys"k.k rFkk yEcor~~ ;k 'kh"kZ fo'ys"k.k esa vUrj crkb;sA (Distinguish between Horizontal and Vertical Analysis.)
7. jksdM+ izokg fooj.k ls D;k vk'k; gS\ (What is meant by Cash Flow Statement ?)
8. .ki= osG fofHkUu izdkjksa dk o.kZu djsaA (Explain different kinds of Debentures.)
9. eksnh] 'kkgh vkSj tks'kh ,d QeZ esa lk>snkj FksA 28 Qjojh] 2012 dks tks'kh dk fu/ku gks x;kA mlosG fgLls osG ykHk dh x.kuk xr ys[kkadu o"kZ dh cUnh
ls e`R;q osG iwoZ rhu o"kks osG vkSlr ykHk osG vk/kkj ij gksrh gSA o"kZ 2009, 2010, 2011 osG ykHk e'k% < 70,000, < 80,000 vkSj 90,000 FksA (Modi,
Shahi & Joshi were partners in a firm. Joshi died on 28th February, 2012. Share of profit from the closure of the
last accounting year till death was to be calculated on the basis of average of three completed years of profits
before death. Profits for 2009, 2010 & 2011 were < 70,000, < 80,000 and < 90,000 respectively.)
e`R;q rd ykHk esa tks'kh dk fgLlk fudkysa vkSj blosG fy;s vko';d tuZy osG ys[ks dhft,A (Calculate Joshi's share of profit till his death
and pass the necessary Journal entry for the same.)
10. izkfIr ,oa Hkqxrku [kkrk vkSj jksdM+ cgh eas vUrj crkb,A (Distinguish between Receipts and Payments Account and Cash Book.)
nh?kZ mkjh; iz'u
(Long Answer Type Questions)

11.
fuEukafdr izkfIr ,oa Hkqxrku [kkrs ls 31 ekpZ] 2014 dks lekIr gksus okys o"kZ osG fy, vk;&O;; [kkrk cukb, (From the following Receipts
and Payments Account, prepare an Income and Expenditure Account for the year ended 31st March, 2014) :
izkfIr ,oa Hkqxrku [kkrk (Receipts & Payments Account)
izkfIr;k
(Receipts)
'ks"k (To Balance) (1-4-2013)

nku (To Donations)
pUnk ( To Subscriptions)
fofu;ksx ij C;kt (To Interest on Investment)
iqjkus QuhZpj dh fch (To Sale of Old Furniture)
jde
(Amount)
<
6,700
8,000
12,000
2,500
75
Hkqxrku
(Payments)
pSfjVh (By Charities)

deZpkjh osru (By Staff Salaries)
fdjk;k ,oa dj (By Rent and Rates)
eq.k ,oa ys[ku lkexzh (By Printing & Stationery)
iksLVst (By Postage)
foKkiu (By Advertising)
jde
(Amount)
<
10,500
2,600
1,200
300
100
250
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QuhZpj dk ; (By Purchase of Furniture)

fofu;ksx (By Investments)
'ks"k (By Balance) (31-3-2014)
29,275
750
5,000
8,575
29,275
nku dk vk/kk vk; le>k tk;sA o"kZ osG vUr esa fdjk;s dk < 100, deZpkjh osru osG fy, < 300 rFkk foKkiu osG fy, < 50 ckdh gSaA < 525 fofu;ksx
ij C;kt vftZr gqvk Fkk fdUrq izkIr ugha gqvkA (Onehalf of donation is to be treated as income, < 100 were owing for rent, < 300
for staff salary and < 50 for advertising at the end of the year. Interest on investment < 525 had accrued but not
received.)
[mkji`"B
la- 6 ij] iz'u la- 1 ns[ksaA]

12. X, Y vkSj Z 3 : 2 : 1 osG vuqikr esa ,d QeZ esa lk>snkj gSaA 1 vizy
S ] 2013 dks mUgksaus Hkfo"; osG ykHkksa dks 7 : 5 : 4 osG vuqikr esa ckVus dk fu.kZ;
fd;kA bl frfFk dks lkekU; lap; <76,000 vkSj lEifk;ksa o nkf;Roksa osG iquewZY;kadu ij < 68,000 dk ykHk gSA ;g fu'p; fd;k x;k fd fps osG
vkdM+kas dks izHkkfor fd;s fcuk lek;kstu fd;k tkuk pkfg;sA ,dy jkstukepk izfof"V }kjk lek;kstu dhft,A (X, Y and Z are partners in a
firm in the ratio of 3 : 2 : 1. On 1st April, 2013 they decided to share the profits in future in the ratio of 7 : 5 : 4. On
this date General Reserve is < 76,000 and profit on revaluation of assets and liabilities being < 68,000. It was
decided that adjustment should be made without altering the figures in the Balance Sheet. Make adjustment by
one single Journal entry.)
13. , rFkk ch tks ykHkksa dks 2 : 1 esa ckVrs gSa] dk fLFkfr fooj.k fuEufyf[kr gSa (Prepare Balance Sheet of A and B, who share profits in the
ratio of 2 : 1.) :
Liabilities
Amount
<
Bank Overdraft
Reserve Fund
Sundry Creditors
Capitals :
A
B
15,000
12,000
20,000
40,000
30,000
Assets
Amount
<
Sundry Debtors
Less : Provision
Stock
Building
Patents
Machinery
1,17,000
40,000
3,600
<
36,400
20,000
25,000
2,000
33,600
1,17,000
bl frfFk dks mUgksaus lh dks lk>snkjh esa lfEefyr fd;kA u;k ykHk foHkktu vuqikr 3/6 : 2/6 : 1/6 gksxkA fuEukafdr lek;kstukvksa osG ckn lh QeZ esa
vius fgLls osG vuqlkj iwth ykrk gS (They admitted C into partnership on this date. New profit sharing ratio is agreed as 3/
6 : 2/6 : 1/6. C brings in proportionate capital after the following adjustments) :
lh < 10,000 [;kfr osG vius fgLls osG fy;s udn esa ykrk gSA (C brings in < 10,000 in cash as his share of Goodwill.)
2. lafnX/k .k vk;kstu dks < 2,000 ls ?kVkuk gSA (Provision for doubtful debts is to be reduced by < 2,000.)
3. ,d iqjkuk miLdj gS ftldk ewY; < 2,600 gSA ;g iqLrdksa esa ugha fy[kk gqvk gSA bls vc iqLrdksa esa fy[kuk gSA (There is an old furniture
1.
valued < 2,600. It does not appear in the books of the firm. It is now to be recorded.)
,dLo dk ewY; 'kwU; gSA (Patents are valueless.)

ysunkjksa ls 2% NwV feyus okyh gSA (2% discount is to be received from creditors.)
iquewYZ ;kadu [kkrk] iwt
h [kkrs rFkk ubZ QeZ dk fpk cukb;sA (Prepare Revaluation A/c, Capital A/cs and the Opening Balance Sheet.)
14. lk>snkj osG vodk'k xzg.k ij [;kfr osG ys[kkadu O;ogkj dks le>kb,A (Explain Accounting Treatment of Goodwill on retirement of
4.
5.
a partner.)
[mkji`"B

15. R, S vkSj T ,d QeZ esa lk>snkj gSa tks ykHk&gkfu dks 3 : 3 : 2 osG vuqikr esa foHkkftr djrs gSaA 31 ekpZ] 2013 dks mudk vkfFkZd fpk vxz izdkj Fkk
(R, S and T are partners in a firm sharing profits and losses in the ratio of 3 : 3 : 2. Their Balance Sheet as on 31st
March, 2013 was as follows) :
(ys[kk'kkL=
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Amount
lEifk;k (Assets)
Amount
<
ysunkj (Creditors)

nsunkj (Debtors)
jgfr;k (Stock)
1,36,000 Hkou (Building)
<
73,600
<
R
S
T
50,000
50,000
36,000
<
90,000
16,000
2,09,600
25,600
74,000
50,000
60,000
2,09,600
bl frfFk dks mUgksaus fu.kZ; fd;k fd Hkfo"; esa ykHk esa T dks 1/5 fgLlk feysxkA mUgksaus ;g Hkh fu.kZ; fd;k fd Hkou dk ewY;kadu < 80,000 fd;k tk;s]
jgfr;k dks < 6,000 ls de fd;k tk;s vkSj lafnX/k .kksa osG fy;s izkokku dks < 4,000 ls de fd;k tk;sA (On this date they decided that in
future T will get 1/5th share in profits. They further decided that the building be valued at < 80,000, stock to be
reduced by < 6,000 and provision for doubtful debts to be reduced by < 4,000.)
lEifk;ksa osG iquewZY;kadu osG lEcU/k esa QeZ dh iqLrdksa esa jkstukepk izfof"V;k dhft, vkSj iquewYZ ;kadu [kkrk rS;kj dhft,A (Pass Journal entries
in the books of the firm regarding the revaluation of assets and prepare Revaluation Account.)
[mkji`"B

I.
1.

(a) ns;rk (A Liability)
(b) vk;xr izkfIr (A Revenue Receipts)
(c) iwthxr izkfIr (A Capital Receipts)
fo'ks"k ms'; osG fy, izkIr nku fn[kkbZ tk;sxh (Donation received for specific objective will be shown) :
(b) fps osG nkf;Ro i{k esa (In Liability Side of Balance Sheet)
(c) fps osG lEifk i{k esa (In Assets Side of Balance Sheet) (d) buesa ls dg Hkh ug (In none of these)
izkfIr ,oa Hkqxrku [kkrk lkekU;r;k n'kkZrk gS (Receipts and Payments Account usually indicates) :
(b) iwth dks"k (Capital Fund) (c) MsfcV 'ks"k (Debit Balance)
(d) sfMV 'ks"k (Credit Balance)
(a) vkf/kD; (Surplus)
lk>snkjh lay[s k dh vuqifLFkfr esa lk>snkj dks (In the absence of Partnership deed partners shall) :
(a) osru fn;k tk;sxk (Be Paid Salaries)
(b) osru ug fn;k tk;sxk (Shall not be Paid Salaries)
(c) mUgsa osru fn;k tk;sxk tks QeZ osG fy, dk;Z djrs g (Be paid Salaries to those who work for the firm)
lk>snkjh QeZ ls lk>snkj dk lEcU/k gksrk gS (The relation of a partner with the firm is) :
(a) izcU/kd dk (As a Manager)
(b) lsod dk (As a Servant)
(c) vfHkdrkZ dk (As a Agent) (d) buesa ls dksbZ ug (None of these)
u;s lk>snkj }kjk [;kfr dh jkf'k udn ykus dks dgrs g (Share of goodwill brought in cash by new partner is called) :
(a) ykHk (Profit)
(b) lEifk (Asset)
(c) vf/kewY; (Premium)
iquewZY;kadu [kkrk esa uke i{k ij tek i{k dk vkf/kD; gS (Excess of credit side over the debit side in Revaluation Account is) :
(a) gkfu (Loss)
(b) izkfIr (Gain)
(c) ykHk (Profit)
(d) O;; (Expense)
lk>snkj dk fnokfy;k gksuk fdl izdkj dk lekiu gS\ (Insolvency of a partner leads to which type of dissolution ?)
(a) vfuok;Z lekiu (Compulsory Dissolution)
(b) U;k;ky; }kjk lekiu (Dissolution by Court)
(c) la;ksx }kjk lekiu (Dissolution by Incidence)
vk; O;; [kkrk gS (Income and Expenses A/c is a) :
(d) buesa ls dksbZ ug(None of these)
2.
3.
4.
5.
6.
7.
8.
9.
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10. A vkSj B 2 : 3 osG vuqikr esa ykHk ckVrs gA Hkfo"; esa mUgksaus leku vuqikr esa ykHk ckVuk r; fd;k gSA dkSu lk>snkj fdl vuqikr esa R;kx djsxk\
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
(A and B share profit in the ratio of 2 : 3. In future they decide to share profits in equal ratio. Which partner will
sacrifice in which ratio ?)
(a) A }kjk R;kx 1/10 (A Sacrifices 1/10)
(b) B }kjk R;kx 1/5 (B Sacrifices 1/5)
(c) B }kjk R;kx 1/10 (B Sacrifice 1/10)
,d lkekU; lk>snkjh esa lk>snkjksa dh vf/kdre la[;k gS (In an ordinary partnership, maximum number of Partners are) :
(a) 20
(b) 10
(c) 15
(d) 25
iqjkus lk>snkjksa dk R;kx gS (The sacrifice of old partners is) :
(b) iqjkuk fgLlku;k fgLlk (Old ShareNew Share)
(a) u;k fgLlkiqjkuk fgLlk (New ShareOld Share)
(c) u;k fgLlk (New Share)
(d) iqjkuk fgLlk (Old Share)
izhfe;e dks O;kikfjd O;; ekuus ij] bls fy[kk tkrk gS (If Premium is treated as business expenses, it appears in) :
(b) vkFkd fps esa (Balance Sheet)
(a) ykHk&gkfu [kkrk esa (P/L Account)
(c) nksuksa esa (Both)
tc lk>snkj dh rjQ ls QeZ }kjk olwyh O;; dk Hkqxrku fd;k tkrk gS] ;g O;; uke gksaxs (When realisation expenses are paid by the firm
on behalf of a partner, such expenses are debited to) :
(b) lk>snkj osG iwth [kkrs esa (Partner's Capital A/c)
(c) lk>snkj osG .k [kkrs esa (Partner's Loan A/c)
,d xSj&O;kikfjd laLFkk osG fy, ekuns; dk Hkqxrku gksrk gS (For non-trading organisation honorarium is) :
(a) iwthxr O;; (Capital Expenditure)
(b) vk;xr O;; (Revenue Expenditure)
(c) vk; (Income)
nkf;Roksa dh oqGy jkf'k esa lfEefyr gksrh gS (Total amount of liabilities side includes the following) :
(c) izkFkr iwth (Subscribed Capital)
vf/kdkj va'k os g ftUgsa (Right shares are the shares which) :
(a) dEiuh osG funsZ'kdksa dks fuxZfer fd;s tkrs gSa (Are issued to directors of the Company)
(b) dEiuh osG orZeku va'k/kkjdksa dks fuxZfer fd;s tkrs gSa (Are issued to existing shareholders of the Company)
(c) dEiuh osG izorZdksa dks fuxZfer fd;s tkrs gSa (Are issued to Promoters in Consideration of their Services)
(d) lEifk;k [kjhnus osG fy, fosrkvksa dks fuxZfer fd;s tkrs gSa (Are issued to vendors for purchasing assets)
tCr va'kksa osG iqu% fuxZeu osG i'pkr~ va'k gj.k [kkrs osG 'ks"k dks gLrkUrfjr dj fn;k tkrk gS (Balance of Forfeited Shares Account after
reissue of Forfeited Shares is transferred to) :
(a) ykHk&gkfu [kkrk (Profit and Loss A/c)
(b) iwth lap; [kkrk (Capital Reserve A/c)
^ldx Q.M fofu;ksx ys[kk* osG fo; ij ykHk dks vUrfjr fd;k tkrk gS (Profit on sale of Sinking Fund Investments is transferred to) :
(a) ykHk&gkfu [kkrs esa (Profit and Loss A/c)
(c) ldx Q.M [kkrs esa (Sinking Fund A/c)
.k&i=ksa osG 'kks/ku osG i'pkr~ ^ldx Q.M ys[kk* dk 'ks"k vUrfjr gksrk gS (The balance of Sinking Fund Account after the
redemption debentures is transferred to) :
(a) ykHk&gkfu ys[kk (Profit & Loss A/c)
(b) ykHk&gkfu fofu;kstu ys[kk (Profit & Loss Appropriation A/c)
(c) lkekU; lap; ys[kk (General Reserve A/c)
(d) ldx Q.M ys[kk (Sinking Fund A/c)
vius .k&i=ksa osG j djus ij gq, ykHk dk vUrj.k gksxk (Profit on cancellation of own debentures is transferred to) :
(a) ykHk&gkfu ys[kk (Profit & Loss A/c)
(b) ykHk&gkfu fofu;kstu ys[kk (Profit & Loss Appropriation A/c)
(c) lkekU; lap; ys[kk (General Reserve A/c)
(d) iwth lap; ys[kk (Capital Reserve A/c)
ork osG nks vk/kkjHkwr eki g (The two basic measures of liquidity are) :
(a) LVkWd vkorZ vkSj pkyw vuqikr (Inventory Turnover and Current Ratio)
(b) pkyw vuqikr vkSj ork vuqikr (Current Ratio and Liquid Ratio)
(c) pkyw vuqikr vkSj vkSlr laxzg.k vof/k (Current Ratio and Average Collection Period)
fuEufyf[kr vuqikrksa dk lewg izkFkfed tksf[ke dks ekirk gS (The following group of ratios primarily measures risk) :
(a) ork] f;k'khyrk vkSj ykHkiznrk (Liquidity, Activity and Profitability)
(b) ork] f;k'khyrk vkSj .k (Liquidity, Activity and Debt)
(c) f;k'khyrk] .k vkSj ykHkiznrk (Activity, Debt and Profitability)
(ys[kk'kkL=
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24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
fuEufyf[kr esa dkSu jksdM+ vUrokZg ug gS (Which of the following is not a Cash Inflow) :
(b) .k&i=ksa dk fuxZeu (Issue of Debentures)
jksdM+ izokg fooj.k cuk;k tkrk gS (Cass flow statement is prepared from) :
(a) vfrfjDr lwpukvksa ls (Additional Informations)
(b) ykHk&gkfu [kkrs ls (Profit & Loss A/c)
(c) vkFkd fps ls (Balance Sheet)
(d) bu lHkh ls (All of these)
vk;&O;; [kkrk gksrk gS (Income and Expenditure Account is) :
,d Dyc }kjk izkIr vkthou lnL;rk 'kqYd dks fn[kk;k tkrk gS (Life Membership Fees received by a club is shown in) :
(a) vk;&O;; [kkrs esa (In Income & Expenditure A/c)
izkfIr vkSj Hkqxrku [kkrk gS (Receipts and Payments Account is a) :
vk;&O;; [kkrk cuk;k tkrk gS (Income and Expenditure Account is prepared) :
(c) ykHk u dekus okyh laLFkk }kjk (By Not-for-Profit Organisation)
(d) lHkh laLFkkuksa }kjk (By All Organisations)
lfpo dks ekuns; dk Hkqxrku gS (Payment of honorarium to secretary is treated as) :
cdk;k pUnk gS (Outstanding subscription is a) :
(a) vk; (Income)
(b) lEifk (Asset)
(a) nkf;Ro (A Liability)
(b) iwthxr izkfIr (A Capital Receipt)
(c) vk;xr izkfIr (A Revenue Receipt)
xSj&O;kikfjd laLFkkvksa esa ns;rkvksa ij ifjlEifk;ksa osG vkf/kD; dks dgrs g (The excess of assets over liabilities in non-trading
concerns is termed as) :
(a) iwth fuf/k (Capital Fund)
(c) ykHk (Profit)
34.
35.
36.
37.
38.
(b) iwt
h (Capital)
(d) 'kq ykHk (Net Profit)
,d xSj&O;kikfjd laLFkk osG fy, ekuns; gksrk gS (For a non-trading concern, honorarium is) :
(a) vk; (An Income)
;fn Li"Vr;k oqGN u fn;k gks] rks izo's k 'kqYd dks ekuk tkrk gS (Entrance fees, unless otherwise stated, is treated as) :
(a) iwthxr izkfIr (A Capital Receipt)
(b) vk;xr vk; (A Revenue Income)
(c) ns;rk (A Liability)
lk>snkjh lay[s k dh vuqifLFkfr esa lk>snkj dks muosG }kjk QeZ dks nh xbZ vfxze jkf'k ij C;kt fn;k tk;sxk (In the absence of partnership deed, the
partner will be allowed interest on the amount advanced to the firm) :
(a) @ 5%
(b) @ 6%
(c) @ 9%
(d) @ 8%
dkSu lk>snkjh dh fo'ks"krk ug gS\ (Which one is not the feature of partnership ?)
(a) le>kSrk (Agreement)
(b) ykHk&foHkktu (Sharing of Profit)
(c) lhfer nkf;Ro (Limited Liability)
(d) nks ;k nks ls vf/kd O;f (Two or more than two persons)
lk>snkjh le>kSrs osG vHkko esa lk>snkjksa dks iwth ij C;kt fn;k tk;sxk (In the absence of partnership deed, interest on capital will be
given to the partners at) :
(a) 8% okf"kZd (8% p.a.)
(b) 6% okf"kZd (6% p.a.)
(c) 9% okf"kZd (9% p.a.)
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pkyw [kkrk gS (Current Account is) :

40. py ;k ifjorZu'khy fof/k ls lk>snkjksas osG iwth [kkrs ij C;kt oszGfMV fd;k tkrk gS (The interest on Partners Capital Account under
39.
fluctuating method is to be credited to) :

(c) lk>snkjksa osG iwth [kkrs esa (Partners Capital A/c)
(b) C;kt [kkrs esa (Interest A/c)

mkj (ANSWERS)
1. (a), 2. (b), 3. (c), 4. (b), 5. (c), 6. (c), 7. (c), 8. (a), 9. (c), 10. (c), 11. (a), 12. (b), 13. (a), 14. (d), 15. (b), 16. (d),
17. (b), 18. (b), 19. (c), 20. (c), 21. (b), 22. (b), 23. (c), 24. (a), 25. (d), 26. (c), 27. (b), 28. (b), 29. (c), 30. (b), 31. (b),
32. (b), 33. (a), 34. (c), 35. (b), 36. (b), 37. (c), 38. (d), 39. (a), 40. (c).

y?kq mkjh; iz'u

lk>snkjh dh pkj fo'ks"krk, crkb,A (State four characteristics of Partnership.)
2. R;kx osG vuqikr ls vki D;k le>rs gSa\ blosG ms'; rFkk egRo crkb,A (What do you mean by sacrificing ratio ? Explain its objects
1.
and importance.)
[mkji`"B

3. e`rd lk>snkj osG iwth [kkrk dk izk:i cukb,A (Prepare a format of Deceased Partners Capital A/c.)
4. mu izeq[k 'kh"kZdksa osG uke nsa tks dEiuh vf/kfu;e] 2013 osG vuqlwph III (la'kksf/kr) osG Hkkx I osG vuqlkj ,d dEiuh osG vkfFkZd fpk osG ^lerk vkSj
nkf;Ro* 'kh"kZd osG vUrxZr fn;s tkrs gSaA (List the major head under which the Equity and Liabilities are presented in the
Balance Sheet of a company as per Schedule III (Revised) Part I to the Company Act, 2013.)
[mkji`"B

rqyukRed fokh; fooj.kksa osG ms';ksa dk o.kZu djsaA (Describe the objectives of Comparative Financial Statements.)
6. jksdM+ izokg fooj.k cukrs le; ys[kkadu ekud&3 (la'kksfkr) osG vuqlkj fofHkUu f;k&dykiksa dk fdl izdkj oxhZdj.k fd;k tkrk gS\ (How the
5.
various activities are classified (as per AS-3 revised) while preparing Cash Flow Statement ?)
[mkji`"B

vFkok (Or)
vuqikr fo'ys"k.k dh fdUgha ikp lhekvksa dks la{ksi esa le>kb,A (Explain briefly any five limitations of Ratio Analysis.)
7. A, B rFkk C ,d QeZ esa lk>snkj gSa tks ykHkksa dks cjkcj&cjkcj ckVrs gSaA mudh vpy iwth e'k% < 40,000, < 30,000 ,oa < 20,000 gSA lk>snkjh
lay[s k osG vuqlkj mUgsa iwth ij 10% izfr o"kZ dh nj ls C;kt izkIr gksuk gSA C;kt dk izko/kku ugha fd;k tk ldk vkSj o"kZ osG < 45,000 ykHk dks ckV fn;k
x;kA vko';d lek;kstu izfof"V fn[kkb,A (A, B and C are partners in a firm sharing profits equally. Their fixed capitals
were < 40,000, < 30,000 and < 20,000 respectively. As per Partnership Deed they are to get interest on capital @
10% p.a. The interest on capital could not be provided and the profits for the year < 45,000 were distributed. Show
the necessary adjustment entry.)
[mkji`"B

8. lk>snkjh lay[
s k dh vuqifLFkfr esa ykxw gksus okyh lk>snkjh vf/kfu;e dh fdUg pkj O;oLFkkvksa dk mYys[k dhft,A (Mention any four provisions of Partnership Act, in the absence of partnership deed.)
[mkji`"B
(ys[kk'kkL=
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9.
;fn fdlh lk>snkj dh e`R;q o"kZ osG nkSjku gks tkrh gS rks ,sls lk>snkj osG fgLls dk ykHk dSls Kkr djsax\
s (If a partner dies during the year, how
will you find out the share of profit of the deceased partner ?)
10.
QeZ osG fo?kVu ij [kkrksa osG fuiVkjk dh izf;k crkb,A (State the process of settlement of Accounts on dissolution.)
nh?kZ mkjh; iz'u (Long
Answer Type Questions)

funsZ'k (Instruction)lsV-I ns[ksaA
11. R, S vkSj T ,d QeZ esa lk>snkj gSa tks ykHk&gkfu dks 3 : 3 : 2 osG vuqikr esa foHkkftr djrs gSaA 31 ekpZ] 2013 dks mudk vkfFkZd fpk vxz izdkj Fkk
(R, S and T are partners in a firm sharing profits and losses in the ratio of 3 : 3 : 2. Their Balance Sheet as on 31st
March, 2013 was as follows) :
ysunkj (Creditors)
R
S
T
Amount
<
73,600
<
50,000
50,000
36,000
1,36,000
2,09,600
lEifk;k (Assets)
nsunkj (Debtors)
jgfr;k (Stock)
Hkou (Building)
Amount
<
<
90,000
16,000
25,600
74,000
50,000
60,000
2,09,600
bl frfFk dks mUgksaus fu.kZ; fd;k fd Hkfo"; esa ykHk esa T dks 1/5 fgLlk feysxkA mUgksaus ;g Hkh fu.kZ; fd;k fd Hkou dk ewY;kadu < 80,000 fd;k tk;s]
jgfr;k dks < 6,000 ls de fd;k tk;s vkSj lafnX/k .kksa osG fy;s izkokku dks < 4,000 ls de fd;k tk;sA (On this date they decided that in
future T will get 1/5th share in profits. They further decided that the building be valued at < 80,000, stock to be
reduced by < 6,000 and provision for doubtful debts to be reduced by < 4,000.)
lEifk;ksa osG iquewZY;kadu osG lEcU/k esa QeZ dh iqLrdksa esa jkstukepk izfof"V;k dhft, vkSj iquewYZ ;kadu [kkrk rS;kj dhft,A (Pass Journal entries
in the books of the firm regarding the revaluation of assets and prepare Revaluation Account.)
12. jks'ku da- fy- us ftudh vf/kr iwth < 30,00,000 gS] viuh va'k iwth dks 2,00,000 lerk va'k izfr va'k < 10 rFkk 10,000 vf/keku va'k izfr va'k
< 100 esa ckVk rFkk turk esa fo; osG fy, 60,000 lerk va'k rFkk 8,000 vf/keku va'k dk izLrko fd;kA nksuksa rjg osG va'kksa ij pqdk;h tkus okyh
jkf'k dk fu/kkZj.k fuEu izdkj fd;k x;kizkFkZuk ij 10%, vkcaVu ij 30%, izFke ekx ij 30% rFkk f}rh; ,oa vfUre ekx ij 30%A (The
Roshan Co. Ltd., which has been registered with an Authorised Capital of < 30,00,000 divided into 2,00,000 Equity
Shares of < 10 each and 10,000 Preference Shares of < 100 each, offered to the public for subscription 60,000 equity
shares and 8,000 preference shares. The amount payable on both types of shares was as follows : 10% on application,
30% on allotment, 30% on first call and 30% on second and final call.)
lHkh va'kksa ij] osGoy 500 lerk va'k ftu ij vfUre ekx dk /ku rFkk 600 vf/keku va'k ftu ij izFke ,oa vfUre ekx dk /ku izkIr u gks ldk] jde
izkIr dj yh x;hA (All the shares except 500 ordinary shares on which final call money and 600 preference shares on
which first and final call money was not paid were taken up and money duly paid.)
dEiuh dh cfg;ksa esa vki jkstukepk rFkk jksdM+ cgh osG ys[ks rS;kj dhft,A (You are required to pass Journal and Cash Book entries.)
13.
dkty fyfeVsM us izR;sd < 100 okys 5,000, 10% .ki=ksa dks izfr .ki= < 10 izhfe;e ij fuxZfer fd;k tks bl izdkj ns; gS (Kajal Ltd. issued
5,000, 10% debentures of < 100 each, at a premium of < 10 per debenture payable as follows) :

< 25
< 45
(izhfe;e lfgr) (including premium)
izFke ,oa vfUre ;kpuk ij (On First and Final Call)
< 40
.ki= iw.kZr% vfHknk gq, vkSj lEiw.kZ jkf'k ;Fkkor~ izkIr gqbA dEiuh dh iqLrdksa esa vko';d jkstukepk izfof"V;k dhft,A fLFkfr&fooj.k esa jkf'k;k
fdl izdkj n'kkZ;h tk;saxh] fn[kk;saA (The debentures were fully subscribed and all money was duly received. Record the
necessary entries in the books of the company. Show how the amounts will appear in Balance Sheet.)
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14.
fuEufyf[kr lwpuk osG vk/kkj ij (i) ldy ykHk vuqikr] (ii) dk;Z'khy iwth vkorZ vuqikr] (iii) .k&lerk vuqikr dh x.kuk dhft, (On the
basis of the following information, calculate (i) Gross Profit Ratio, (ii) Working Capital Turnover Ratio, (iii) Debtequity Ratio) :
'kq fo; < 30,00,000; csps x;s eky dh ykxr < 20,00,000; pkyw lEifk;k < 6,00,000; pkyw ns;rk, < 2,00,000; pqdrk va'k iwth
< 5,00,000; .ki= < 2,50,000; .k < 1,25,000A (Net sales < 30,00,000; Cost of Goods sold < 20,00,000; Current Assets
< 6,00,000; Current Liabilities < 2,00,000; Paid-up Capital < 5,00,000; Debentures < 2,50,000; Loan < 1,25,000.)
15. X fyfeVsM osG 31 ekpZ dks lekIr gq, o"kZ osG fy, ykHk&gkfu fooj.k ls ^rqyukRed ykHk&gkfu fooj.k* rS;kj dhft, (From the following
statement of Profit and Loss for the year ended 31st March, 2014, prepare a Comparative Statement of Profit of X
Ltd.) :
2013-14
<
izpkyu ls vk; (Revenue from Operations)

vU; vk; (Other Incomes)
O;; (Expenses)
10,00,000
5,00,000
10,50,000
2012-13
<
7,50,000
2,00,000
7,50,000
vk;dj dh nj 50% (Rate of Income Tax 50%).


I.
1.
2.
3.
4.
5.
6.
fdlh le>kSrs osG vHkko esa] lk>snkjh QeZ osG ykHk&gkfu dk foHkktu fd;k tkrk gS (In the absence of any agreement, the profits and
losses of the firm are shared) :

(a) cjkcj&cjkcj (Equally)
(c) fofHkUu vuqikrksa esa (In Different Proportions)
(b) iwth osG vuqikr esa (In Capital Ratio)
lk>snkjh QeZ osG iquxZBu ij vfyf[kr ysunkj dk ys[kk djus ij gksxk (Recording of an unrecorded liability on the reconstitution of
a partnership firm will be) :

(a) orZeku lk>snkjksa dks ykHk (A gain to the existing partners)
(b) orZeku lk>snkjksa dks gkfu (A loss to the existing partners)
(c) orZeku lk>snkjksa dks u ykHk u gkfu (Neither a gain nor a loss to the existing partners)
ifjorZu'khy iwth [kkrk fof/k osG vUrxZr lk>snkjksa osG iwth [kkrs ij C;kt sfMV fd;k tkrk gS (The interest on capital accounts of partners
under fluctuating method is to be credited to) :
(a) lk>snkjksa osG iwth [kkrs esa (Partners Capital A/c)
(b) ykHk&gkfu [kkrk esa (Profit & Loss A/c)
(c) C;kt [kkrs esa (Interest A/c)
iquewZY;kadu [kkrs dk 'ks"k iqjkus lk>snkjksa osG iwth [kkrksa esa gLrkUrfjr fd;k tkrk gS (The balance of Revaluation Account is transferred
to old Partners Capital Account in their) :
(a) iqjkus ykHk&gkfu vuqikr esa (Old Profit Sharing Ratio)
(b) u;s ykHk&gkfu vuqikr esa (New Profit Sharing Ratio)
1
,d QeZ esa Z dks ykHk esa 4 va'k osG fy, izo's k fn;k tkrk gS ftlosG fy, og [;kfr osG fy, < 30,000 ykrk gSA ;g iqjkus lk>snkj X vkSj Y }kjk fy;k
1
tk;sxk (Z is admitted in a firm for a 4 share in the profit for which he brings < 30,000 for goodwill. It will be taken
away by the old partners X and Y in) :
(a) iqjkus ykHk&foHkktu vuqikr esa (Old profit-sharing ratio) (b) u;s ykHk&foHkktu vuqikr esa (New profit-sharing ratio)
(c) R;kx vuqikr esa (Sacrificing ratio)
lk>snkjh QeZ osG iquxZBu ij vfyf[kr lEifk dk ys[kk djus ij gksxk (Recording of an unrecorded asset on the reconstitution of a
partnership firm will be) :
(a) orZeku lk>snkj dks ykHk (A gain to the existing partners)
(b) orZeku lk>snkj dks gkfu (A loss to the existing partners)
(c) orZeku lk>snkj dks u ykHk u gkfu (Neither a gain nor a loss to the existing partners)
(ys[kk'kkL=
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izfrHkwfr izhfe;e dk iz;ksx ugha gks ldrk (Securities Premium can not be applied) :
(a) lnL;ksa dks ykHkka'k ckVus osG fy;s (For paying dividend to members)
(b) lnL;ksa dks cksul va'kksa osG fuxZeu osG fy;s (For issuing bonus shares to members)
(c) dEiuh osG izkjfEHkd O;;ksa osG viys[ku osG fy;s (For writing off preliminary expenses of company)
(d) .ki=ksa osG fuxZeu osG cs osG viys[ku osG fy;s (For writing off discount on issue of debentures)
8. ,d dEiuh dEiuh vf/kfu;e dh fuEu /kkjk osG izko/kkuksa osG vUrxZr cs ij va'kksa dk fuxZeu dj ldrh gS (A company can issue its shares
7.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
at discount under the provisions of following Section of Companies Act) :

(a) 78
(b) 79
(c) 80
(d) 81
.ki=ksa osG fuxZeu ij dVkSrh gS (Discount on issue of debentures is) :
(b) pkyw lEifk (Current Asset)
(a) LFkk;h lEifk (Fixed Asset)
(c) okLrfod lEifk (Real Asset)
(d) vokLrfod lEifk (Fictitious Asset)
vius .k&i=ksa osG j djus ij gq, ykHk dk vUrj.k gksxk (Profit on cancellation of own debentures is transferred to) :
(a) ykHk&gkfu ys[kk (Profit & Loss Account)
(b) ykHk&gkfu fofu;kstu ys[kk (Profit & Loss Appropriation Account)
(c) lkekU; lap; ys[kk (General Reserve Account)
(d) iwth lap; ys[kk (Capital Reserve Account)
dEiuh }kjk ;kpuk fd;s tkus ls iwoZ gh va'k/kkfj;ksa ls vfxze jkf'k dh izkfIr dks (Money received in advance from shareholders before
it is actually called by the company is) :
(a) cdk;k ekx jkf'k esa MsfcV fd;k tkrk gS (Debited to Calls-in-arrear Account)
(b) vfxze ekx jkf'k esa sfMV fd;k tkrk gS (Credited to Calls Paid-in-advance Account)
(c) vfxze ekx jkf'k esa MsfcV fd;k tkrk gS (Debited to Calls Paid-in-advance Account)
va'kksa dk gj.k fd;k tk ldrk gS (Shares can be forfeited) :
(a) lHkk esa mifLFkfr u gksus dh fLFkfr esa (For failure to attend meetings)
(b) ekx jkf'k osG Hkqxrku u djus ij (For non-payment of call money)
(c) cSad .k esa Hkqxrku dh vleFkZrk esa (For failure to repay the loan to the bank)
(d) izfrHkwfr osG :i esa va'kksa osG cU/kd gksus ij (For which shares are pledged as a security)
fokh; fLFkfr vuqikr dks lkekU;r% izn'kr fd;k tkrk gS (Financial position ratio is generally shown in) :
(a) lk/kkj.k vuqikr (Simple Ratio) (b) izfr'kr (Percentage) (c) xquk (Times)
jksdM+ izokg fooj.k vk/kkfjr gksrk gS (Cash Flow Statement is based upon) :
(a) ys[kkadu osG miktZu vk/kkj ij (Accrual Basis of Accounting)
(b) ys[kkadu osG jksdM+ vk/kkj ij (Cash Basis of Accounting)
(c) buesa ls dksbZ ugha (None of these)
vEy&ijh{k.k vuqikr dh x.kuk djus esa fuEufyf[kr lEifk;ksa esa ls dkSu&lh lEifk dks /;ku esa ugha j[kk tkrk\ (Which of the following
assets is not taken into consideration in calculating acid-test ratio ?)
(a) jksdM+ (Cash)
(c) LVkWd (Stock)
LVkWd vkorZ vuqikr osG vUrxZr vkrk gS (Stock turnover ratio comes under) :
(a) rjyrk vuqikr (Liquidity Ratio) (b) ykHkiznrk vuqikr (Profitability Ratio) (c) fu"iknu vuqikr (Activity Ratio)
fokh; fo'ys"k.k gsrq iz;ksx esa vkus okys lkekU; lk/ku gSa (The most commonly used tools for financial analysis are) :
(a) {kSfrt fo'ys"k.k (Horizontal Analysis)
(b) yEcor~ fo'ys"k.k (Vertical Analysis)
(c) vuqikr fo'ys"k.k (Ratio Analysis)
,d O;kolkf;d m|e osG fokh; fooj.k esa lfEefyr gksrs gSa (The financial statements of a business enterprise include) :
(a) fpk@rqyui= (Balance Sheet)
(b) ykHk o gkfu [kkrk (Profit and Loss Account)
(c) jksdM+ izokg fooj.k (Cash Flow Statement)
dEiuh osG vkFkd fps osG lEifk i{k esa pkyw lEifk esa 'kkfey gS (Current Assets on the Asset side of Balance Sheet of a Company
includes) :
(a) fofo/k nsunkj (Sundry Debtors)
(b) gkFk esa jksdM+ (Cash in hand)
(c) LdU/k (Stock)
(d) mi;qZ lHkh (All of these)
.k&i=/kkjh (Debentureholders are the) :
(a) dEiuh osG xzkgd gksrs gSa (Customers of the Company)
(b) dEiuh osG ekfyd gksrs gSa (Owners of the Company)
(c) dEiuh osG ysunkj gksrs gSa (Creditors of the Company)
(d) dEiuh osG izcU/kd gksrs gSa (Managers of the Company)
lerk va'k/kkjh gksrs gSa (Equity shareholders are) :
(b) Lokeh (Owners)
(c) dEiuh dk xzkgd (Customers of the Company)
izkn'kZ iz'u&i= (ys[kk'kkL= )

-----------22. tCr va'k [kkrs dk 'ks"k muosG iqu% tkjh gksus osG ckn
gLrkUrfjr dj fn;s tkrs gSa (Balance of forfeiture of share account after re-
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23.
24.
25.
26.
27.
28.
issue is transferred to......) :

(a) lqjf{kr dks"k esa (Reserve Fund)
(c) lkekU; lafpfr esa (General Reserve)
(b) lafpr iwth esa (Capital Reserve)

fdlh lk>snkj dh e`R;q ij lEifk;ksa osG iquewZY;kadu osG dk;Z dks---------iwth [kkrs esa tek fd;k tkrk gS (On death of a partner, profit on
revaluation of assets is credited to capital account of) :
(a) e`rd lk>snkj (Deceased Partner)
(b) lHkh lk>snkj (All Partners)
(c) ckdh lk>snkj (Remaining Partners)
(d) ek= nks lk>snkj (Only Two Partners)
LFkk;h lEifk;ksa osG ewY; esa deh------------dgykrh gS (Decrease in value of fixed assets is known as) :
(a) kl (Depreciation)
(b) gkfu (Loss)
(c) ykHk (Profit)
(d) O;; (Expenses)
-----------pkyw [kkrk
gS (Current account is a...........) :
QeZ OksG fy;s lk>snkj ds vkgj.k ij C;kt gS (For the firm, interest on partners drawings is a) :
(a) O;; (Expenses)
(b) vk; (Income)
(c) gkfu (Loss)
(d) izkfIr (Gain)
orZeku lk>snkjksa osG ykHk&foHkktu vuqikr esa ifjorZu ls gksrk gS (Change in profit-sharing ratio of existing partners results in) :
(a) QeZ dk iquewZY;kadu (Revaluation of Firm)
(b) QeZ dk iquxZBu (Reconstitution of Firm)
(c) QeZ dk lekiu (Dissolution of Firm)
X, Y rFkk Z ,d QeZ osG lk>snkj gSa tks ykHk&gkfu dks 4 : 3 : 1 osG vuqikr esa ckVrs gSaA mUgksaus Hkfo"; esa 5 : 4 : 3 osG vuqikr esa ykHk ckVus dk fu.kZ;
fd;kA X vkSj Y osG R;kx dk vuqikr gS (X, Y and Z are partners in a firm, they divided profit and loss in the ratio of 4 : 3 :
1. They decided to share profit in the ratio 5 : 4 : 3. X's and Y's sacrifices are) :
(a)
29.
24 24
(b)
24 24
lk>snkjh QeZ osG iquxZBu ij vfyf[kr nsunkjh dk ys[kk djus ij gksxk

24 24
(On reconstitution of a partnership firm, recording of an
(B.S.E.B., 2010)
(c)
unrecorded liability will result in) :

(c) orZeku lk>snkjksa dks u ykHk u gkfu (Neither gain nor loss to the existing partners)
30. lk>snkjh QeZ osG iquxZBu ij lEifk;ksa osG ewY; esa o`f dk ifj.kke (Increase in the value of assets on reconstitution of the
partnership firm results into) :
(B.S.E.B., 2010, 11)
31. iquewZY;kadu [kkrs dk 'ks"k iqjkus lk>snkjksa osG iwth [kkrksa esa gLrkarfjr fd;k tkrk gS (The balance of Revaluation Account is transferred
to old Partners' Capital Account in their) :
(a) iqjkus ykHk&gkfu vuqikr esa (Old Profit-sharing Ratio)
(b) u;s ykHk&gkfu vuqikr esa (New Profit-sharing Ratio)
32. X vkSj Y 2 : 3 osG vuqikr esa ykHk ckVrs gSaA Hkfo"; esa mUgksaus leku vuqikr esa ykHk ckVuk r; fd;k gSA dkSu lk>snkj fdl vuqikr esa R;kx djsxk\ (X and
Y share profits in the ratio 2 : 3. In future they have decided to share profits in equal ratio. Which partner wil
sacrifice in which ratio ?) :
(B.S.E.B., 2010)
(a) X }kjk R;kx (X sacrifice)
(c) Y }kjk R;kx (Y sacrifice)
1
10
10
(b) Y }kjk R;kx (Y sacrifice)

(d) buesa
1
5
lk>snkjh vuqcU/k esa ifjorZu dk ifj.kke gS (Change in the partnership agreement results in) :
(a) QeZ dk iquxZBu (Reconstitution of Firm)
(b) QeZ dk lekiu (Dissolution of Firm)
(c) QeZ dk ,dhdj.k (Amalgamation of Firm)
34. lk>snkjh le>kSrs esa ifjorZu ls (Change in the partnership agreement) :
(a) lk>snkjksa osG e/; lEcU/k cny tkrs gSa (Changes the relationship among the partners)
(b) lk>snkjh O;olk; dk vUr gks tkrk gS (Results in end of partnership business)
33.
(ys[kk'kkL=
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(c) lk>snkjh QeZ dk fo?kVu gks tkrk gS (Dissolves the partnership firm)
35. A ,oa B ,d QeZ esa lk>snkj gSa tks ykHk&gkfu dks 2 : 1 osG vuqikr esa foHkkftr djrs gSaA vc mUgksaus leku vuqikr esa ykHk&gkfu dks foHkkftr djus dk
fu.kZ; fd;kA A dk R;kx gksxk (A and B are partners in a firm sharing profits and losses in the ratio of 2 : 1. Now they
decide to share profits and losses equally. A's sacrifice will be) :
36.
37.
38.
39.
40.

6
lk>snkjh QeZ osG iquxZBu ij vfyf[kr lEifk dk ys[kk djus ij gksxkA (Recording of an unrecorded asset on the reconstitution of a
partnership firm will be) :
fuEu ?kVd [;kfr dks izHkkfor djrs gSa flok; (Following are the factors affecting goodwill except) :
(a) O;olk; dh izfr (Nature of business)
(b) izcU/k dh dk;Z{kerk (Efficiency of Management)
(c) rduhdh Kku (Technical Knowledge)
(d) xzkgdksa dh fLFkfr (Location of the Customers)
foxr rhu o"kks osG ykHk gSa < 42,000, < 39,000 rFkk < 45,000A vkSlr ykHkksa osG nks o"kZ osG ; ij [;kfr dk ewY; gksxk (The Profit of the last
three years are < 42,000, < 39,000 and < 45,000. Value of goodwill at two years' purchases of the average profits will
be) :
(a) < 42,000
(b) < 84,000
(c) < 1,26,000
(d) < 36,000
vkSlr ykHk vk/kkj osG vUrxZr [;kfr dh x.kuk dh tkrh gS (Under average profit basis goodwill is calculated by) :
(b) [kjhns x;s o"kks dh la[;k vf/kykHk (No. of years purchased Super profit)
(c) vfr ykHk izR;kf'kr izR;k; dh izfr'kr nj (Super Profit Expected Rate of Return)
[;kfr gS (Goodwill is) :
(a) ewrZ lEifk (Tangible Asset)
(b) vewrZ lEifk (Intangible Asset)
(c) pkyw lEifk (Current Asset)
(a)
(b)
(c)
mkj (ANSWERS)
1. (a), 2. (b), 3. (a), 4. (a), 5. (c), 6. (a), 7. (a), 8. (b), 9. (d), 10. (b), 11. (b), 12. (b), 13. (a), 14. (b), 15. (c), 16. (c),
17. (d), 18. (d), 19. (d), 20. (c), 21. (b), 22. (b), 23. (b), 24. (a), 25. (a), 26. (b), 27. (b), 28. (a), 29. (b), 30. (a), 31. (a),
32. (c), 33. (a), 34. (a), 35. (c), 36. (b), 37. (d), 38. (b), 39. (a), 40. (b).
y?kq mkjh; iz'u

1.
iqrqy] dksey rFkk fiz;k lk>snkj gSa tks ykHkksa dks 3 : 3 : 2 osG vuqikr esa ckVrs gSaA 1 vizSy] 2013 dks os ykHk&gkfu;ksa dks leku
vuqikr esa ckVus dks lger gq,A ykHk&foHkktu vuqikr esa ifjorZu dh frfFk ij ykHk&gkfu [kkrs esa < 1,60,000 dk MsfcV 'ks"k FkkA vko';d tuZy
izfof"V nhft,A (Putul, Komal and Priya are partners sharing profits in the ratio of 3 : 3 : 2. On April 1, 2013 they
agreed to share profits and losses equally. On the date of change in the profit-sharing ratio, the Profit & Loss
Account showed a debit balance of < 1,60,000. Give the necessary Journal entry.)
2. izkfIr ,oa Hkqxrku [kkrk dh pkj fo'ks"krkvksa dks crkb,A (State four characteristics of Receipts and Payment Account.)
3. fdlh lk>snkj osG izo's k osG le; lEifk;ksa vkSj nkf;Roksa dk iquewZY;kadu D;ksa fd;k tkrk gS\ (Why assets and liabilities and revalued at the
time of admission of a partner ?)
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4.
lk>snkjh osG lekiu vkSj QeZ osG lekiu esa vUrj crkb,A (Distinguish between Dissolution of Partnership and Dissolution of
5.

lR;e fyfeVsM us 15,000 .ki= izfr < 10 ij tkjh fd;s tksfd bl izdkj ns; gSa (Satyam Ltd. issued 15,000 debentures of < 10 each,
Firm.)
[mkji`"B
payable as follows) :
< 2 vkosnu ij (< 2 on Application)
< 3 vkcaVu ij (< 3 on Allotment)
< 5 izFke ,oa vfUre ekx ij (< 5 on First and Final Call)
lHkh .k&i= fuxZfer ,oa vkcafVr fd;s x;sA ns; jkf'k izkIr dj yh x;hA vko';d jkstukepk izfof"V;k dhft,A (All the debentures were
applied for and allotted. All money due were received. Pass necessary Journal entries.)
[mkji`"B la- 84 ij iz'u la- 4 ns[ksaA]
6. ,d dEiuh osG vkfFkZd fpk esa ^lap; rFkk vf/kdks"k* 'kh"kZd osG vUrxZr izLrqr dh tkus okyh enksa dk uke fy[ksaA (List the name of items that
are to be presented under the heading Reserve and Surplus in the Balance Sheet of a Company.)
7. vuqikr fo'ys"k.k osG ms'; vFkok ykHk crkb,A (State the objects or advantages of Ratio Analysis.)
8. fuEufyf[kr enksa dks fLFkfr fooj.k osG lEifk i{k esa fdu 'kh"kZdksa osG vUrxZr fn[kk;k tk;sxk\ (Under which headings the following items
will be shown on the assets side of the Balance Sheet ?)
(i) Hkwfe ,oa Hkou (Land and Building), (ii) fofo/k nsunkj (Sundry Debtors), (iii) [;kfr (Goodwill), (iv) ,dLo (Patents), (v) pkyw
dk;Z (Work in Progress), (vi) i'kq/ku (Live Stock)
9. fokh; fooj.kksa osG fo'ys"k.k osG ms';ksa dh la{ksi esa O;k[;k djsaA (Briefly explain the objectives of analysis of financial statement.)
10. fokh; fooj.kksa osG fo'ys"k.k osG rhu ykHkksa dks crkb;sA (Explain three advantages of analysis of financial statement.)
vFkok (Or)
fokh; fooj.kksa osG fo'ys"k.k osG egRo dks la{ksi esa crkb;sA (Briefly explain the importance of analysis of financial statement.)
funsZ'k (Instruction)lsV-I ns[ksaA

11.
jks'ku da- fy- us ftudh vf/kr iwth < 30,00,000 gS] viuh va'k iwth dks 2,00,000 lerk va'k izfr va'k < 10 rFkk 10,000 vf/keku va'k izfr va'k
< 100 esa ckVk rFkk turk esa fo; osG fy, 60,000 lerk va'k rFkk 8,000 vf/keku va'k dk izLrko fd;kA nksuksa rjg osG va'kksa ij pqdk;h tkus okyh
jkf'k dk fu/kkZj.k fuEu izdkj fd;k x;kizkFkZuk ij 10%, vkcaVu ij 30%, izFke ekx ij 30% rFkk f}rh; ,oa vfUre ekx ij 30%A (The
Roshan Co. Ltd., which has been registered with an Authorised Capital of < 30,00,000 divided into 2,00,000 Equity
Shares of < 10 each and 10,000 Preference Shares of < 100 each, offered to the public for subscription 60,000 equity
shares and 8,000 preference shares. The amount payable on both types of shares was as follows : 10% on application,
30% on allotment, 30% on first call and 30% on second and final call.)
lHkh va'kksa ij] osGoy 500 lerk va'k ftu ij vfUre ekx dk /ku rFkk 600 vf/keku va'k ftu ij izFke ,oa vfUre ekx dk /ku izkIr u gks ldk] jde
izkIr dj yh x;hA (All the shares except 500 ordinary shares on which final call money and 600 preference shares on
which first and final call money was not paid were taken up and money duly paid.)
dEiuh dh cfg;ksa esa vki jkstukepk rFkk jksdM+ cgh osG ys[ks rS;kj dhft,A (You are required to pass Journal and Cash Book entries.)
12. ,d .ki= ls D;k rkRi;Z gS\ fofHkUu izdkj osG .ki=ksa dh O;k[;k dhft, (What is meant by a Debenture? Explain the different
types of Debentures.)
13. .ki= ,oa va'k osG chp vUrj Li"V dhft,A .ki= dks ,d dtZ osG :i esa D;ksa tkuk tkrk gS\ O;k[;k dhft, (Distinguish between a
Debenture and a Share. Why debenture is known as loan capital ? Explain.)
14. ,d dEiuh osG ykHk&gkfu fooj.k dk la'kksf/kr izk:i cukb,A (Draw a revised format of Statement of Profit and Loss of a
Company.)
(ys[kk'kkL=
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15. X, Y vkSj Z lk>snkj gSa tks fd ykHk&gkfu dks 5 : 3 : 2 osG vuqikr esa foHkkftr djrs gSaA 31 fnlEcj] 2012 dks mudk fLFkfr fooj.k fuEu Fkk (X, Y
and Z were partners sharing profits and losses in the ratio of 5 : 3 : 2 respectively. On 31st December, 2012 their
Balance Sheet stood as under) :
Balance Sheet
Liabilities
Amount
Assets
<
Sundry Creditors
Reserve Fund
Capital Accounts :
X
Y
Z
<
27,500
15,000
<
65,000
62,500
37,500
1,65,000
Amount
Goodwill
Buildings
Patents
Machinery
Stock
Debtors
Cash at Bank
2,07,500
12,500
50,000
15,000
75,000
25,000
20,000
10,000
2,07,500
1 ebZ] 2013 dks Z dh e`R;q gks tkrh gSA fuEu ckrksa ij lgefr gksrh gS (Z died on 1st May, 2013. It was agreed that) :
(a) [;kfr dh x.kuk xr pkj o"kks osG vkSlr ykHk osG 2 o"kZ ; osG vk/kkj ij dh tk;sxhA ykHk bl izdkj Fks2009 < 32,500, 2010 < 30,000,
2011 < 40,000, < 2012, < 37,500. (Goodwill be valued at 2 year's purchase of the average profits of the last four
years, which were2009 < 32,500, 2010 < 30,000, 2011 < 40,000 and 2012 < 37,500)
(b) e'khujh dk ewY;kadu < 70,000; isVUs V < 20,000 rFkk Hkou < 62,500 fd;k x;kA (Machinery be valued at < 70,000, Patents at
< 20,000, Buildings at < 62,500.)
(c) o"kZ 2013 osG ykHkksa esa Z dk fgLlk Kkr djus osG fy;s] o"kZ 2012 osG ykHkksa dks vk/kkj ekuk tk;sxkA (For the purpose of calculating Z's
share in the profits of 2013, the profits of 2012 should be taken to have been earned on the same scale as in
2012.)
mijksDr O;ogkjksa dk ys[kk djus osG fy;s vko';d jkstukepk izfof"V;k rFkk Z dk iwth [kkrk cukb;sA (Give the necessary journal entries to
record the above transactions and Z's capital account.)
vFkok (Or)
lk>snkj osG vodk'k xzg.k ij [;kfr osG ys[kkadu O;ogkj dks le>kb,A (Explain Accounting Treatment of Goodwill on retirement of
a partner.)
[mkji`"B la- 39 ij iz'u la- 1 ns[ksaA]
Hkkx&l
y?kq mkjh; iz'u (Short
(Part-C)
7. The Export and Import (of Data) utility provides as simple way to transfer data objects between Oracle data
bases, even if they reside on platforms with different hardware and software, configurations.
Import utility reads the object definitions and table data from the dump file.
An export file is an Oracle binary format dump file that is tripically located on disk or tap.
Export dump files can only be read by the Oracle Import Utility.
8. Applications of a Computer in Accounting :
(i) Recording of all business transactions, (ii) Maintaining of the store records upto date, (iii) Preparation of
payroll accounting for wages and salary paid or payable.
9. Features of Computerised Accounting System :
(i) On line input and storage of accounting data, (ii) On screen input and print out of sale and purchase invoices.
10. Areas of Applications of Spread Sheet :
(i) Production Planning, (ii) Personnel Management, (iii) Marketing, (iv) Payroll, (v) Accounting.
ijh{kk iz'u&i=
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, 2013
1
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fcgkj fo|ky; ijh{kk lfefr (mPp ek/;fed)] iVuk
C-ACY (OPT)
cksMZ ijh{kk iz'u&i= % 2013
ys[kk'kkL= [ACCOUNTANCY]
d{kk&XII
le; % 3 ?k.Vs
15
feuV]
[iw.kkd % 100
[k.M&I (Section-I)
le; % 1 ?k.Vk 10 feuV]
oLrqfu"B iz'u (Objective Type Questions)
[iw.kkd % 40
ijh{kkFkhZ osG fy;s funsZ'k (Instructions for the Candidate) :

1. bl iz'u&i= osG igys ist (izFke i`"B) ij fun"V LFkku ij viuk jksy ua- fy[ksaA
Fill in your Roll No. in the space provided on the first page of this question paper.
2.
bl iz'u&i= esa 35 oLrqfu"B iz'u fn, x, gSa] ftuosG fy, 40 vad fu/kkZfjr gSaA
This question paper consists of 35 objective type questions. Total marks allotted is 40.
3.
ijh{kkFk;ksa dks lHkh iz'uksa osG mkj bl iz'u&i= osG lkFk fn, x, OMR mkj i= esa nsus gSaA
The candidate has to answer all the questions in the OMR Answer Sheet provided along with this question
paper.
4.
mkj fy[kus osG igys ijh{kkFkhZ tkp ysa fd mUgsa iz'u&i= osG lkFk OMR mkj i= Hkh fn, x, gSaA
Before answering, the candidate has to ensure that the OMR Answer Sheet is available along with the question
paper.
5.
lHkh izfof"V;k OMR mkj i= esa fn, x, fu/kkZfjr LFkku rd lhfer j[ksaA
All entries must be confined to the area provided in the OMR Answer Sheet.
6.
lHkh iz'uksa osG mkj OMR mkj i= esa iz'u la[;k osG lkFk fn, x, xksydksa dks dkys @ uhys ckWy IokWbUV isu ls iwjh rjg izxk<+ djrs gq, nsaA
Answer all the questions by completely darkening the circles against the question numbers in the OMR Answer
Sheet using Black / Blue Ball point pen only.
7. OMR mkj i= dks u eksMas+ vFkok ;=&r= fu'kku u yxk,] D;ksafd ,slk djus ij mkj i= osG ewY;kadu esa dfBukbZ vk,xhA
Do not fold or make any stray marks on the OMR Answer Sheet, failing which it would be difficult to evaluate
the Answer Sheet.
8.
mkj nsus osG igys OMR mkj i= esa fn, x, lHkh funsZ'kksa dks lko/kkuhiwoZd i<+ ysaA mkj fy[kuk lekIr djus osG ckn OMR mkj i= fujh{kd osG gokys
dj nsaA vki osGoy iz'u&i= vius lkFk ys tk ldrs gSaA
Read all the instructions provided in the OMR Answer Sheet carefully before answering. After you finish answering,
hand over the OMR Answer Sheet to the Invigilator. You are permitted to carry the question paper only along
with you.
I.
fuEufyf[kr iz'u la[;k 1 ls 25 esa pkj fodYi gSa] ftuesa ls osGoy ,d gh lgh mkj gSA lgh fodYi dk pquko djsa ,oa mkj i= esa fpfr djsa (In the
following Question Nos. 1 to 25 there are four options of which only one is correct. You have to choose the correct
option and mark in the answer sheet :
25 1 = 25
1. fuEufyf[kr esa dkSu&lk jksdM+ dk ksr ugha gS\ (Which of the following is not a source of cash ?)
(a) LFkk;h lEifk;ksa dk ; (Purchase of Fixed Assets)
(b) lapkyu ls dks"k (Fund from Operation)
(d) LFkk;h lEifk;ksa dh fch (Sale of Fixed Assets)
2. vkn'kZ pkyw vuqikr gS (The ideal Current ratio is) :
(a) 2 : 1
(b) 1 : 2
(c) 3 : 2
(d) 3 : 4
3. vkn'kZ .k&lerk vuqikr gS (The ideal Debt Equity ratio is) :
(a) 1 : 1
(b) 1 : 2
(c) 2 : 1
(d) 3 : 4
(ys[kk'kkL=
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4.
5.
6.
7.
8.
9.
10.
fokh; fooj.kksa osG fuoZpu esa 'kkfey gS (Interpretation of Financial statement includes) :
(a) vkykspuk ,oa fo'ys"k.k (Criticism and analysis)
(b) rqyuk vkSj izo`fk v/;;u (Comparison and trend study)
(c) fu"d"kZ fudkyuk (Drawing conclusion)
va'k/kkfj;ksa osG fy;s ykHkka'k gSa (Dividends for the shareholders are) :
(a) dj&ns; jkf'k (Payable tax amount)
(b) dj&eqDr jkf'k (Tax free amount)
(c) C;kt (Interest)
.ki=/kkjh izkIr djrs gSa (Debenture holder receives) :
(a) ykHkka'k (Dividend)
(b) ykHk (Profit)
(c) C;kt (Interest)
^viuk .ki=* dks j djus osG ykHk dks gLrkUrfjr fd;k tkrk gS (Profit of cancellation of Own debenture is transferred to) :
(a) ykHk&gkfu fu;kstu [kkrk esa (Profit and Loss Appropriation A/c)
(b) .ki= 'kks/ku lap; [kkrk esa (Debenture Redemption A/c)
(c) iwth lap; [kkrk esa (Capital Reserve A/c)
.ki= Hkkx gksrk gS (Debenture is the part of) :
(a) va'k iwth dk (Share capital)
(b) .k dk (Loan)
(c) LokfeRo iwth dk (Owned capital)
(d) ysunkj dk (Creditor)
.ki= ij C;kt gksrk gS (Debenture carries interest at) :
(a) 12% ok"kd (12% p.a.)
(b) 20% ok"kd (20% p.a.)
(c) fuf'pr nj (Fixed rate)
(d) 6% ok"kd (6% p.a.)
dEiuh vius va'kksa dks izhfe;e ij Hkkjrh; dEiuh vf/kfu;e] 1956 dh fdl /kkjk osG vUrxZr tkjh djrh gS\ (A company issues its shares at
premium under which Section of Indian Companies Act, 1956 ?) :
(a) 78
11.
12.
13.
14.
15.
16.
(b) 79
(c) 80
(d) 81
^rkfydk v* osG vuqlkj cdk;k ;kpuk ij C;kt dh nj izHkkfjr gS (Interest on calls in arrears is charged according to Table A at) :
(b) 6% ok"kd (6% p.a.)
(a) 5% ok"kd (5% p.a.)
(c) 8% ok"kd (8% p.a.)
(d) 11% ok"kd (11% p.a.)
olwyh [kkrk gS (Realisation Account is a) :
(b) ukeek= [kkrk (Nominal A/c)
(c) okLrfod [kkrk (Real A/c)
QeZ osG lekiu ij gksus okys O;; dks dgrs gSa (Expenses on dissolution of firm is called) :
(b) dkuwuh O;; (Legal Expenses)
(a) olwyh O;; (Realisation Expenses)
(c) gkfuxr O;; (Loss Expenses)
1 1 1
,Dl] okbZ vkSj tsM : : osG vuqikr esa ykHkksa dk foHkktu djrs gSaA tsM dh e`R;q gks tkrh gSA ,Dl vkSj okbZ dk u;k vuqikr gksxk (X, Y and Z
2 3 6
1 1 1
share profits in the ratio of : : , Z dies. New ratio of X and Y will be) :
2 3 6
(a) 3 : 2
(b) 2 : 3
(c) 2 : 1
e`rd lk>snkj osG fu"iknd dks lk>snkj dh e`R;q frfFk ls ns; jkf'k ij C;kt fn;k tk;sxk (The executors of deceased partner will be paid
interest on the amount due from the date of death of the partner at) :
(a) 5% ok"kd (5% p.a.)
(b) 6% ok"kd (6% p.a.)
(c) 7% ok"kd (7% p.a.)
(d) 8% ok"kd (8% p.a.)
v vkSj c 3 : 1 osG vuqikr esa ykHkksa vkSj gkfu;ksa dks ckVrs gSaA l dks
1
4
fgLlk osG fy;s lk>snkjh esa izo's k fn;k tkrk gSA v vkSj c dk R;kx dk vuqikr gS
(A and B share profits and losses in the ratio of 3 : 1. C is admitted into partnership for
ratio of A and B is) :
(a) cjkcj (Equal)
(b) 3 : 1
(c) 2 : 1
(d) 3 : 2
1
4
share. The sacrificing
ijh{kk iz'u&i=
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17.
v] c vkSj l ,d QeZ esa leku lk>snkj gSaA c vodk'k xzg.k djrk gSA 'ks"k lk>snkjksa us ubZ QeZ osG ykHkksa dks 5 : 4 osG vuqikr esa ckVus dk fu'p; fd;kA
izkfIr vuqikr gksxk (A, B and C are equal partners in a firm. B retires and the remaining partners decide to share profits
of the new firm in the ratio of 5 : 4. Gaining ratio will be) :
(a) 2 : 1
(b) 1 : 2
(c) 4 : 5
18.
(d) 5 : 4
v] c vkSj l
osG vuqikr esa ykHk ckVrs gSaA l vodk'k xzg.k djrk gSA izkfIr vuqikr gksxk (A, B and C are sharing profits in the
ratio of
(a) 2 : 1
retired. Gaining ratio will be) :

(b) 2 : 3
1 1 1
: :
2 3 6
1 1 1
: : ,C
2 3 6
(c) 3 : 2
(d) 1 : 2
LFkk;h lEifk;ksa osG ewY; esa deh dgykrh gS (Decrease in the value of fixed assets is termed as) :
(b) gkfu (Loss)
(c) ykHk (Profit)
(d) O;; (Expense)
20. lkekU; ykHk ij vkSlr ykHk dk vkf/kD; dgykrk gS (The excess of average profits over the normal profits are called) :
(a) vf/kykHk (Superprofits)
(b) fuf'pr ykHk (Fixed profits)
(c) vlkekU; ykHk (Abnormal profits)
(d) lkekU; ykHk (Normal profits)
21. vkn'kZ rjyrk vuqikr gS (The ideal liquid ratio is) :
19.
(a) kl (Depreciation)
(a) 2 : 1
22.
23.
24.
25.
II.
26.
27.
28.
29.
30.
(b) 1 : 1
(c) 3 : 1
(d) 4 : 1
lk>snkjh lay[s k dh vuqifLFkfr esa lk>snkjksa dks muosG }kjk QeZ dks nh xbZ vfxze jkf'k ij C;kt fn;k tk;sxk (In the absence of partnership deed,
the partners will be allowed interest on the advance amount paid to the firm at) :
(a) 5% ok"kd (5% p.a.)
(b) 6% ok"kd (6% p.a.)
(c) 7% ok"kd (7% p.a.)
(d) 8% ok"kd (8% p.a.)
lk>snkjh le>kSrs osG vHkko esa lk>snkjksa dks iwth ij C;kt fn;k tk;sxk (In the absence of partnership deed, interest on capital will be
given to the partners at) :
(a) 8% ok"kd (8% p.a.)
(b) 6% ok"kd (6% p.a.)
(c) 9% ok"kd (9% p.a.)
cdk;k pUnk gS (Outstanding subscription is a/an) :
(a) vk; (Income)
(b) lEifk (Asset)
(d) iwoZnk O;; (Prepaid expense)
lfpo dks ekuns; dk Hkqxrku gS (Payment of honorarium to secretary is treated as) :
fuEufyf[kr iz'u la[;k 26 ls 30 esa nks dFku fn;s x, gA (dFku&I osG ckn dFku&II) vki bu dFkuksa dks ;ku ls i<+as rFkk fn, x, fodYiksa esa ls lgh
fodYi dks mkj rkfydk esa fpfr djsa
In the following Questions Nos. 26 to 30, there are two statements (Statement I follows Statement II). You have
to go through these statements carefully and mark your answer from the given options in the answer-sheet :
51=5
(A) nksuksa dFku lgh g rFkk dFku&II, dFku&I dh lgh O;k[;k gSA (Both Statements are correct and Statement-II is the correct
explanation of Statement-I.)
(B) nksuksa dFku lgh g ijUrq dFku&II, dFku&I dh lgh O;k[;k ug gSA (Both Statements are correct, but Statement-II is not the
correct explanation of Statement-I.)
(C) dFku&I lgh gS] ijUrq dFku&II xyr gSA (Statement-I is correct, but Statement-II is wrong.)
(D) dFku&I xyr gS] ijUrq dFku&II lgh gSA (Statement-I is wrong, but Statement-II is corect.)
fuEufyf[kr dFkuksa dh foospuk djsa (Consider the following statements) :
dFku I (Statement I) : lkekU;r;k .ki= lqjf{kr gSaA (Generally debentures are secured.)
dFku II (Statement II) : .ki=ksa dks va'kksa esa ifjorr fd;k tk ldrk gSA (Debentures can be converted into shares.)
dFku I (Statement I) : iwth osG fo# vkgj.k iwth dks ugha ?kVkrk gSA (Drawings against profit does not reduce capital.)
dFku II (Statement II) : iwth osG fo# vkgj.k iwth dks ?kVkrk gSA (Drawings against capital reduces capital.)
dFku I (Statement I) : fof'k"V ms'; osG pUnk dks iwt
hr ugha fd;k tkrk gSA (Donation for special purposes are not capitalised.)
dFku II (Statement II) : fof'k"V ms'; osG pUnk dks loZnk iwthr fd;k tkrk gSA (Donation for special purposes are always
capitalised.)
dFku I (Statement I) : [;kfr esa kl ugha gksrk gSA (Goodwill does not depreciate.)
dFku II (Statement II) : [;kfr ,d foi.ku ;ksX; lEifk gSA (Goodwill is a marketable asset.)
dFku I (Statement I) : dEiuh ,d vewkZ ,oa vn`'; f=e O;fDr gSA (A company is an intangible and invisible artificial
person.)
dFku II (Statement II) : dEiuh ,d ukxfjd ugha gSA (A company is not a citizen.)
(ys[kk'kkL=
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III.
31.
32.
33.
34.
IV.
35.
fuEufyf[kr iz'u la[;k 31 ls 34 rd esa nks dkWye fn, x, gA dkWye&I esa pkj iz'u gSa] ftuosG mkj dks dkWye&II esa fn, x;s pkj fodYi (a), (b),
(c) rFkk (d) esa ls pquuk gS (In the following Question Nos. 31 to 34, there are two columns. Column I contains 4
questions. You have to match the correct options of these questions as (a), (b), (c) and (d) from Column II) :
41=4
dkWye (Column) I
dkWye (Column) II
ys[kkadu ekud&3 (Accounting Standard-3)
(a) [;kfr dk ys[kkadu (Accounting treatment of Goodwill)
ys[kkadu ekud&10 (Accounting Standard-10)
(b) jksdM+ izokg fooj.k (Cash flow statement)
[;kfr (Goodwill)
iquewZY;kadu [kkrk (Revaluation Account)
(d) vn`'; LFkk;h lEifk (Invisible Fixed Asset)
fuEufyf[kr iz'u la[;k 35 osG fy, ,d mj.k fn;k x;k gSA igys iznk mj.k dks /;ku ls i<+as] rRi'pkr~ fn;s x;s rhu iz'uksa dk lgh mkj fn;s x;s fodYiksa
esa ls pquasA ;s rhuksa iz'u nks&nks vad osG gSa (For the following Question No. 35 a paragraph is given. You have to first go through
that given paragraph carefully and then answer the following three questions by indicating correct option. These
three questions carry two marks each) :
32=6
Hkkjrh; lk>snkjh vf/kfu;e] 1932 dh /kkjk 39 osG vuqlkj QeZ osG lHkh lk>snkjksa osG e/; lk>snkjh osG fo?kVu dks QeZ dk fo?kVu dgrs gSaA bldk vFkZ gS
fd vf/kfu;e QeZ osG lHkh lk>snkjksa osG e/; vkSj dqN lk>snkjksa osG e/; lEcUk&foPNsn esa vUrj djrk gS rFkk lHkh lk>snkjksa osG chp lEcU/kksa osG foPNsn
;k lekiu dks lk>snkjh QeZ dk fo?kVu dgk tkrk gSA blls QeZ dk vfLrRo lekIr gks tkrk gS rFkk fo?kVu osG i'pkr~ QeZ dh ys[kk iqLrdksa dks cUn djus
dh f;kvksa osG vfrfjDr vU; dksbZ dk;Z ugha fd;k tkrk gSA QeZ osG fo?kVu osG ckn lHkh lEifk;ksa dks cspk tkrk gS vkSj lHkh nkf;Roksa dk Hkqxrku dj fn;k
tkrk gS rFkk lHkh lk>snkjksa osG nkoksa dk Hkqxrku dj fn;k tkrk gSA (According to Section 39 of the Indian Partnership Act, 1932 the
dissolution of partnership between all the partners of a firm is called the dissolution of the firm. It means the Act
recognises the difference in the breaking of relationship between all the partners of a firm and between some of
the partners; and it is the breaking or discontinuance of relationship between all the partners which is termed as
the dissolution of partnership firm. This brings an end to the existence of the firm and no business is transacted
after dissolution except the activities related to closing of the firm as affairs of the firm are to be wound up by
selling firms assets and paying its liabilities and discharging the claims of all partners.)
I. QeZ osG fo?kVu dh n'kk esa (In case of dissolution of a firm) :
(a) QeZ dk O;olk; cUn gks tkrk gS (The business of the firm is closed)
(b) QeZ dk O;olk; cUn ugha gksrk gS (The business of the firm is not terminated)
(c) QeZ dk O;olk; LFkfxr fd;k tkrk gS (The business of the firm is postponed)
II. Hkkjrh; lk>snkjh vf/kfu;e] 1932 dh dkSu&lh /kkjk QeZ osG fo?kVu ls lEcfU/kr gS\ (Which Section of Indian Partnership Act, 1
932 is related to dissolution of firm ?)
(a) /kkjk 37 (Section 37)
(b) /kkjk 38 (Section 38)
(c) /kkjk 39 (Section 39)
(d) /kkjk 40 (Section 40)
III. fofHkUu lEifk;ksa osG fo; ls izkIr fo; dh jkf'k dk loZizFke Hkqxrku djsaxAs (Out of sale proceeds received from the sale of
Sundry Assets first of all payment will be made) :
(a) ysunkj dk nkf;Ro (Creditors Liability)
(b) lk>snkj dk .k (Partners Loan)
(c) lk>snkj dk nkok (Claims of the Partners)
le; % 2 ?k.Vs 5 feuV]
xSj&oLrqfu"B iz'u
[k.M&II (Section-II)
[iw.kkd % 60
ijh{kkFkhZ osG fy;s funsZ'k (Instructions for the Candidate) %

1. iz'u&i= osG bl i`"B osG ij iz'u&i= dk lsV dksM vafdr gSA
The set code of this question paper has been printed on the top of this page.
2.
ijh{kkFkhZ vius iz'u&i= dk lsV dksM dh izfof"V viuh mkj&iqfLrdk osG eq[k i`"B ij fu/kkZfjr txg ij vo'; djsaA
3.
;fn ijh{kkFkhZ lsV dksM dh izfof"V djus esa vlQy jgs] rks mudh mkj&iqfLrdk dk ewY;kadu lEHko ug gks losGxkA
4.
5.
Candidate must enter the set code of his/her question paper in the space provided on the cover page of his/her
answer-book.
If the candidate fails to enter the set code in the answer-book, his/her answer-book may not be evaluated.
ijh{kkFkhZ ;FkklEHko vius 'kCnksa esa gh mkj nsaA
Candidates are required to give their answers in their own words as far as practicable.
nkfguh vksj gkf'k;s ij fn;s gq, vad iw.kkd fun"V djrs gA
Figures in the right hand margin indicate full marks.
ijh{kk iz'u&i=
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6.
bl iz'u&i= osG [k.M II esa 26 xSj&oLrqfu"B iz'u g ,oa dqy vad 60 gA
7.
ijh{kkFkhZ izR;sd mkj osG lkFk iz'u la[;k vo'; fy[ksaA
Section II of this question paper consists of 26 non-objective type questions having total marks 60.
Write the Question number with every answer.
ijh{kkFkhZ osG fy;s lkekU; funsZ'k (General Instructions for the Candidate) %
(i) iz'u&i= rhu Hkkxksa esa foHkkftr gSaHkkx&v] c ,oa lA
(ii)
(iii)
(iv)
The question paper is divided into three Parts. A, B and C.

iz'u la[;k 1 ls 6 Hkkx&v osG fy, gSaA iz'u la[;k 7 ls 16 ,oa 17 ls 26 e'k% Hkkx&c ,oa Hkkx&l osG fy, gSaA
Question Nos. 1 to 6 are for Part-A. Question Nos. 7 to 16 and 17 to 26 are for Part-B and Part-C respectively.
Hkkx&v lHkh ijh{kkFk;ksa osG fy, vfuok;Z gS] tcfd Hkkx&c vkSj Hkkx&l oSdfYid gSaA
Part-A is compulsory for all candidates while Part-B and Part-C are optional.
ijh{kkFkhZ Hkkx&c ;k Hkkx&l esa ls fdlh ,d Hkkx dk iz;kl dj ldrs gSaA
Candidates can attempt any one Part from Part-B or Part-C.
Hkkx&v (PART-A)
(Compulsory)
Full Marks : 20
1. izkfIr vkSj Hkqxrku [kkrk dh fo'ks"krk;sa crkb,A (Give the features of Receipts and Payments account.)
3
2. lk>snkjh lay[
s k osG rRoksa dks crkb,A (State the elements of partnership deed.)
3
3. 31 ekpZ] 2010 dks lekIr gq;s o"kZ osG fy;s izkfIr ,oa Hkqxrku [kkrk ls fy;k x;k rF; fuEu izdkj gS (Extract from a Receipts and Payments
account for the year, ended on March 31, 2010 are as follows) :
Hkqxrku % ys[ku lkexzh < 23,000 (Payments : Stationery < 23,000)
vfrfjDr lwpuk;sa (Additional Informations) %
ys[ku lkexzh dk LVkWd (Stock of Stationery)
ys[ku lkexzh osG fy;s ysunkj (Creditor for
Stationery)
vizy
S (April)] 2009
ekpZ (March)] 2010
<
<
4,000
3,000
9,000
2,500
jkf'k dh x.kuk dhft;s tks fd 31 ekpZ] 2010 dks lekIr gq;s o"kZ esa vk; vkSj O;; [kkrk esa fy[kh tk;sxhA (Calculate the amount which will
be posted to Income and Expenditure A/c for the year ended on March 31, 2010.)
3
4. A, B vkSj C, 1 vizy
S ] 2010 dks ykHkksa rFkk gkfu;ksa dks 4 : 3 : 3 osG vuqikr esa ckVus gsrq lk>snkjh esa lfEefyr gq;As gkykafd A us O;fDrxr :i ls ;g
xkj.Vh nh fd 5% ok"kd dh nj ls iwth ij C;kt yxkus osG ckn C dk ykHk dk fgLlk fdlh Hkh o"kZ < 40,000 ls de ugha gksxkA (A, B and C entered
into partnership on 1st April, 2010 to share profits and losses in the ratio of 4 : 3 : 3. A, however, personally
guaranteed that Cs share of profit after charging interest on capital @ 5% p.a. would not be less than < 40,000 in
any year.)
fofu;ksftr iwth Fkh (The capital invested were) :
A< 3,00,000, B< 2,00,000, C< 1,50,000A 31 ekpZ] 2011 dks lekIr gq;s o"kZ dk ykHk < 1,60,000 FkkA ykHk&gkfu fu;kstu [kkrk
cukb,A (A< 3,00,000, B< 2,00,000, C< 1,50,000. The profit for the year ended 31st March, 2011 amounted to
< 1,60,000. Show Profit and Loss Appropriation account.)
3
5. ,Dl] okbZ vkSj tsM 4 : 3 : 2 osG vuqikr esa ykHkksa vkSj gkfu;ksa dk foHkktu djrs gq;s lk>snkj FksA cfg;ksa esa [;kfr ugha gS] ysfdu bldk ewY; < 36,000
gSA lk>snkj Hkfo"; osG ykHkksa dks leku vuqikr esa foHkktu djus osG fy;s lger gSaA bl ifjorZu osG fy;s ,d jkstukepk izfof"V nhft,A lkFk gh vuqikr
esa ifjorZu osG dkj.k izR;sd lk>snkj dk izkfIr ;k R;kx fudkfy;sA dk;kZRed fVIi.kh Li"V fn[kkb;sA (X, Y and Z were partners sharing
profits and losses in the ratio of 4 : 3 : 2. Goodwill does not appear in the books, but it is worth < 36,000. The
partners decide to share future profits in equal proportion. Give a journal entry to record the above change. Also
indicate the individual partners gain or loss due to change in ratio. Show your working notes clearly.)
3
6. ,d QeZ osG xr ikp o"kks osG ykHk bl izdkj Fks (The profits of a firm for last five years were as follows) :
2005-2006
< 20,000
2006-2007
< 24,000
2007-2008
< 30,000
2008-2009
< 25,000
2009-2010
< 18,000
[;kfr osG ewY; dk fu/kkZj.k vkSlr ykHk osG 3 o"kZ osG ; osG vk/kkj ij dhft;sA (Calculate the value of goodwill on the basis of three
years purchase of average profits.)
5
(ys[kk'kkL=
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Hkkx&c (PART-B)
7.
Full Marks : 40
olwyh O;;ksa osG lUnHkZ esa fuEufyf[kr O;ogkjksa dh jkstukepk izfof"V;k dhft;s (Journalise the following transactions regarding realisation
expenses) :
3
(a) olwyh O;; < 2,500 gSaA (Realisation expenses amounted to < 2,500.)
(b) olwyh O;; < 3,000 v'kksd }kjk fn;k x;k tks fd ,d lk>snkj gSA (Realisation expenses amounting to < 3,000 paid by Ashok,
one of the partners.)
(c) lk>snkj vfer dks < 4,000 dh ykxr ij lEifk;ksa dh olwyh djus osG fy;s fu;qDr fd;k x;k FkkA olwyh osG okLrfod jkf'k < 3,000 gq;As (Amit,
a partner, was appointed to realise the assets at a cost of < 4,000. The actual amount of realisation amounted to
< 3,000.)
3
8. fuEu fooj.kksa ls lapkyu vuqikr dh x.kuk dhft;s (Calculate operating ratio from the following data) :
fch (Sales)
< 9,40,000
fch okilh (Sales Return)
<
40,000
fch eky dh ykxr (Cost of goods sold)
< 6,60,000
lapkyu O;; (Operating Expenses)
<
60,000
9. fuEu lwpukvksa esa ls ifjpkyu f;kvksa ls jksdM+ izokg dh x.kuk dhft;s (Calculate Cash flow from operating activities from the
following information) :
3
31. 3. 2010
31. 3. 2011
<
<
ykHk&gkfu [kkrk (Profit and Loss A/c)

50,000
1,80,000
nsunkj (Debtors)
50,000
40,000
ysunkj (Creditors)
25,000
20,000
izkI; fcy (Bills Receivable)
10,000
12,500
ns; foi= (Bills Payable)
40,000
25,000
vnk O;; (Outstanding Expenses)
800
1,000
miktr vk; (Accrued income)
6,000
7,000
10. fokh; fooj.k fo'ys"k.k dh rduhdksa dk o.kZu djsaA (Explain the techniques of Financial statement analysis.)
3
11. la;qDr thou&chek i= dks ys[kk iqLrdksa esa fy[kus dh fofHkUu fof/k;ksa dk o.kZu dhft;sA (Explain the different methods of recording Joint
12.
Life Policy in the books of account.)
the Income and Expenditure Account for the year ended March 31, 2010) :
fuEufyf[kr lwpukvksa ls 31 ekpZ] 2010 dks lekIr djrs gq;s o"kZ dk vk;&O;; [kkrk cukb;s (From the following information, prepare
izkfIr;k (Receipts)
gLrxr jksdM+ (To cash in hand)
cSad esa jksdM+ (To cash in Bank)
pUnk (To Subscriptions) :
2008-09
2009-10
2010-11
<
20,000
35,000
<
30,000
2,25,000
10,000
2,65,000
Hkou osG fy;s nku (Donation for Building)

izo's k 'kqYd (To Entrance fee)
vkthou lnL;rk 'kqYd (To Life membership
60,000
23,000
20,000
fuos'k ij C;kt (To Interest on investment)

ykWdj fdjk;k (To Locker Rent)
18,000
42,000
fee)
4,83,000
Hkqxrku (Payments)
NikbZ (By Printing)
izdk'k (By Lighting)
dj (By Taxes)
nwjHkk"k (By Telephone)
Mkd (By Postage)
etnwjh (By Wage)
chek izhfe;e (By Insurance premium)
fofu;ksx (By Investment)
gLrxr jksdM+ (By Cash in hand)
cSad esa jksdM+ (By Cash at Bank)
<
38,750
26,250
17,000
2,600
2,000
88,000
15,000
2,00,000
23,400
70,000
4,83,000
vFkok (OR)
iwth esa ls vkSj ykHk esa ls .ki=ksa osG 'kks/ku osG chp foHksn dhft;sA (Differentiate between redemption of debenture out of capital
and out of profits.)
13.
ksfud fyfeVsM us < 10 izR;sd dh jkf'k osG 10,000 lerk va'k fuxZfer fd;s ftu ij ns; jkf'k;k vkosnu ij < 2.50, vkcaVu ij < 3.00 izFke ekx
ij < 2.00 rFkk 'ks"k < 2.50 vfUre ekx ij gSaA lHkh va'kksa ij iw.kZ Hkqxrku izkIr fd;k x;k flok; ,d ftlus 100 va'kksa ij vfUre ekx jkf'k dk Hkqxrku
ugha dj ldkA bl ysu&nsu osG lUnHkZ esa jkstukepk izfof"V;k dhft;sA (Cronic Limited was issued 10,000 equity shares of < 10 each
ijh{kk iz'u&i=
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payable at < 2.50 on application, < 3.00 on allotment, < 2.00 on first call and the balance of < 2.50 on final call. All the
shares were fully subscribed and paid except of a shareholder having 100 shares could not pay for the final call.
Give Journal entries to record these transactions.)
5
vFkok (OR)
^dEiuh* 'kCn ls vki D;k le>rs gSa\ bldh fo'ks"krkvksa dk o.kZu dhft;sA (What is meant by the word company ? Describe its
characteristics.)
14.
enu vkSj ".kk ,d QeZ osG lk>snkj FksA 31 fnlEcj] 2010 dks mudk fuEukafdr fLFkfr fooj.k Fkk (Madan and Krishna were partners in
a firm. Their Balance Sheet as on 31st December, 2010 stood as follows) :
iwt
h (Capital)
vnk O;; (O/s Expenses)
ysunkj (Creditors)
cSad vf/kfod"kZ (Bank Overdraft)
ns; foi= (Bills payable)
lap; (Reserve)
iwth [kkrk (Capital A/c) %
enu (Madan)
".kk (Krishna)
<
10,000
30,000
20,000
30,000
18,000
<
45,000
30,000
lEifk;k (Assets)
uxn (Cash)
cSad (Bank)
nsunkj (Debtors)
QuhZpj (Furniture)
e'khujh (Machinery)
Hkou (Building)
<
4,000
56,000
30,000
12,000
24,000
57,000
75,000
1,83,000
1,83,000
os jke dks fuEukafdr 'krks ij QeZ esa izo's k nsus dk fu.kZ; ysrs gSa (They decided to admit Ram in the firm on the following terms) :
(a) jke iwth osG :i esa < 45,000 ykrk gS vkSj Hkfo"; esa ykHk dk Hkkx fgLlk izkIr djsxkA (Ram brings < 45,000 as capital and he will
receive th share in future profits.)
(b) og [;kfr osG :i esa < 30,000 uxn ykrk gSA (He brings < 30,000 as goodwill in cash.)
(c) e'khujh] Hkou vkSj QuhZpj dks 5% ls kflr fd;k x;kA (The machinery, building and furniture be depreciated by 5%.)
(d) lafnX/k .kksa osG fy;s 5% izko/kku dk fuekZ.k fd;k tk;A iwuewZY;u [kkrk cukb,A (A provision of 5% to be created for doubtful
debts. Prepare Revaluation A/c.)
5
vFkok (OR)
fdlh lk>snkj osG vodk'k xzg.k djus ij ys[kkadu izeki 10 osG vuqlkj [;kfr osG O;ogkj dh fof/k;ksa dk o.kZu dhft;sA (Discuss the methods
of treatment of goodwill according to Accounting Standard-10 on retirement of a partner.)
15. fuEufyf[kr lwpukvksa ls x.kuk dhft, (From the following information calculate) :
5
(i) nsunkj vkorZ vuqikr (Debtors Turnover ratio)
(ii) ysunkj vkorZ vuqikr (Creditors Turnover ratio)
(iii) vkSlr olwyh vof/k (Average collection period)
fo; (Sales)
< 8,75,000
izkI; foi= (Bills Receivable)
< 48,000
; (Purchases)
< 4,20,000
ysunkj (Creditors)
< 90,000
ns; foi= (Bills payable)
< 52,000
nsunkj (Debtors)
< 59,000
vFkok (OR)
vuqikr fo'ys"k.k D;k gS\ vuqikr fo'ys"k.k osG ykHk crkb,A (What is ratio analysis ? State the advantages of ratio analysis.)
16. fuEu esa rqyukRed vk; fooj.k rS;kj dhft;s (Prepare a comparative income statement from the following) :
5
2008
2009
fo; (Sales)
fo; eky dh ykxr (Cost of goods sold)
lapkyu O;; (Operating Expenses)
<
<
1,00,000
(50,000)
1,25,000
(65,000)
50,000
(5,000)
60,000
(5,000)
45,000
55,000
(ys[kk'kkL=
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Rajeevs Model Paper
XII
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vFkok (OR)
le:i fooj.k ls D;k rkRi;Z gS\ ;g dSls rS;kj fd;k tkrk gS\ (What is meant by common size statement ? How is it prepared ?)
vFkok (OR)
Hkkx&l (PART-C)
y?kq mkjh; iz'u (Short
17.
Full Marks : 40
Vscy] Nk= osG fuekZ.k osG fy;s SQL Query fy[ksaA Vscy {ks=ekad] uke] irk ,oa dkslZ Lohr djrk gSA (Write an SQL Query to create
a table, student. Table accepts fieldsRoll, Name, Address and Course.)
3
uke] irk ,oa dkslZ dks izn'kr djus osG fy;s SQL Query fy[ksaA (Write an SQL Query to display name, address and course.) 3
19. DBMS osG iz;ksx dk o.kZu djsaA (Explain the application of DBMS.)
3
20. Excel esa gkbijfyad D;k gS\ mnkgj.k lfgr o.kZu djsaA (What is a hyperlink in Excel ? Describe with an example.)
3
21. lgh dek.M osG lkFk SQL dks ifjHkkf"kr djsaA (Define SQL with suitable commands.)
3
18.

22. SQL dek.M osG fdrus
each category.)
Js.kh gksrs gSa\ izR;sd Js.kh dks ifjHkkf"kr djsaA (How many categories of SQL Command are there ? Define
23. DBMS osG xq.k&nks"k D;k gSa\ (What are the advantages and disadvantages of DBMS ?)
5
5
24. Excel esa
mnkgj.k osG lkFk SUMIF dk;Z dk o.kZu djsaA (Explain the function of SUMIF with an example in Excel.)
5
vFkok (OR)
Excel odZcqd dh fo'ks"krkvksa dk o.kZu djsaA (Explain the features of Excel workbook.)
5
25. Auto Fill vkSj Mixed Cell Reference dk o.kZu djsaA (Describe the Auto Fill and Mixed Cell Reference.)
vFkok (OR)
bysDVkWfud LizM
s 'khV dh fo'ks"krk;sa D;k gSa\ (What are the features of Electronic spreadsheet ?)
26. Excel Work-book osG rRo dk o.kZu djsAa (Describe the components of an Excel Workbook.)
5
vFkok (OR)
Fill-series-linear vkSj Fill-series-growth esa vUrj crkb,A (Differentiate between Fill-series-linear and Fill-series-growth.)
LL
[Suresh\Final Prof.\10-10-14]
ijh{kk iz'u&i=
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C-ACY (OPT)
fcgkj fo|ky; ijh{kk lfefr (mPp ek/;fed)] iVuk

cksMZ ijh{kk iz'u&i= % 2014
ys[kk'kkL= [ACCOUNTANCY]
d{kk&XII
le; % 3 ?k.Vs
15
feuV]
[iw.kkd % 100
ijh{kkFkhZ osG fy;s funsZ'k (Instructions to the Candidate) :

1. iz'u&i= osG bl i`"B osG ij iz'u&i= dk lsV dksM vafdr gSA
The set code of this question paper has been printed on the top of this page.
2.
ijh{kkFkhZ vius iz'u&i= dk lsV dksM dh izfof"V viuh mkj&iqfLrdk osG eq[k i`"B ij fu/kkZfjr txg ij vo'; djsaA
3.
;fn ijh{kkFkhZ lsV dksM dh izfof"V djus esa vlQy jgs] rks mudh mkj&iqfLrdk dk ewY;kadu lEHko ugha gks ldsxkA
4.
ijh{kkFkhZ ;FkklEHko vius 'kCnksa esa gh mkj nsaA
5.
nkfguh vksj gkf'k;s ij fn;s gq, vad iw.kkd fun"V djrs gSaA
6.
ijh{kkFkhZ izR;sd mkj osG lkFk iz'u la[;k vo'; fy[ksaA
Candidate must enter the set code of his/her question paper in the space provided on the cover page of his/her
answer-book.
If the candidate fails to enter the set code in the answer-book, his/her answer-book may not be evaluated.
Candidates are required to give their answers in their own words as far as practicable.
Figures in the right hand margin indicate full marks.
Write the Question number with every answer.
ijh{kkFkhZ osG fy, lkekU; funsZ'k (General Instructions to the Candidate) :

(i) ;g iz'u i= rhu Hkkxksa esa foHkkftr gSHkkx&d] [k ,oa xA
The question paper contains three Parts, A, B & C.
(ii)
Hkkx&d lHkh ijh{kkFk;ksa osG fy, vfuok;Z gSA
Part-A is compulsory for all candidates.

(iii)
ijh{kkFkhZ dks 'ks"k Hkkx&[k vkSj Hkkx&x esa ls dksbZ ,d Hkkx gy djuk gSA
Candidate can attempt only one Part from the remaining Part-B and Part-C.
(iv)
fdlh iz'u osG lHkh Hkkxksa osG mkj ,d gh LFkku ij fyf[k,A
All Parts of the questions should be attempted at one place only.
Hkkx&(d) (PART-A)
(vYkkHkdkjh laxBuksa rFkk lk>snkjh Qeks osG fy, ys[kkadu)
(Accounting for Non-Profit Organisations and Partnership firm)
funsZ'k (Instructions) :
(i) iz- la- 1 ls 10 ,d vadh; iz'u gSa ftuesa fdUgha 8 dk mkj nsaA
Q. Nos. 1 to 10 are one mark questions in which answer any 8 questions.

iz- la- 11 ls 18 nks vadh; iz'u gSa ftuesa fdUgha 7 dk mkj nsaA
Q. Nos. 11 to 18 are two marks questions in which answer any 7 questions.
(iii) iz- la- 19 ls 26 rhu vadh; iz'u gSa ftuesa fdUgha 6 dk mkj nsaA
Q. Nos. 19 to 26 are three marks questions in which answer any 6 questions.
(iv) iz- la- 27 ls 31 ikp vadh; iz'u gSa ftuesa fdUgha 4 dk mkj nsaA
Q. Nos. 27 to 31 are five marks questions in which answer any 4 questions.
(ii)
1.
iwthxr O;;ksa osG nks mnkgj.k nsaA
Give two examples of capital expenditure.

2.
xSj O;kikfjd laLFkkvksa dh vk; osG nks eq[; ksr D;k gSa\
What are the two important sources of income of non-profit organisations ?
(ys[kk'kkL=
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Rajeevs Model Paper
XII
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3.
lk>snkjh lay[s k osG vHkko esa lk>snkj fdl vuqikr esa ykHk&gkfu dk foHkktu djrs gSa\
In the absence of partnership deed, in which ratio do the partners share the profit and loss ?
4.
ykHk&izkfIr vuqikr Kkr djus dk lw= nhft,A
Give the formula of calculating Gaining Ratio.

5.
[;kfr osG ewY;kadu dh fdUgha rhu fof/k;ksa osG uke crkb,A
State any three methods of valuation of goodwill.

6.
u;k ykHk&foHkktu vuqikr D;k gS\
What is the new profit sharing ratio ?

7.
vkSlr ykHk fof/k osG vUrxZr [;kfr dh x.kuk dk lw= nsaA
Give the formula of calculating goodwill under average profit method.

8.
lk>snkj osG mkjkf/kdkjh dk [kkrk dc [kksyk tkrk gS\
When is Partners Executors Account prepared ?

9.
e`r lk>snkj osG iwth [kkrs esa MsfcV fd;s tkus okys enksa dks crkb,A
Mention the items which are debited to deceased Partners Capital Account.
10.
QeZ osG lekiu dh n'kk esa lEifk;ksa ls fo; dh jkf'k dks loZizFke fdls Hkqxrku fd;k tk;sxk\
16.
jktjru vkSj e`R;qat; 3 : 2 osG vuqikr esa ykHkksa dks foHkkftr djrs gSaA 'k'kh dks
djsAa
1
On dissolution of a firm, out of proceeds received from the sale of assets who will be paid first of all ?
11. o"kZ 2013 esa izkIr pUnk < 30,000 gSaA xr o"kZ osG vUr esa vnk pUnk < 20,000 FkkA o"kZ 2013 osG fy;s pUns ls vk; dh x.kuk djsaA
2
Subscription received during the year 2013, < 30,000. Subscription < 20,000 was outstanding at the end of the
previous year. Calculate the income from subscription for the year 2013.
2
12. ykHk&gkfu lek;kstu [kkrk D;k gS\
What is Profit and Loss Appropriation Account ?
13. jke vkSj jghe lk>snkj gSaA jke us < 2,00,000 rFkk jghe us < 2,50,000 fofu;ksftr fd;sA lk>snkjh lay[
s k osG vHkko esa < 50,000 osG ykHk esa izR;sd
dk fgLlk crkb,A
2
Ram and Rahim are partners. Ram invested < 2,00,000 and Rahim < 2,50,000. In the absence of partnership deed
distribute the profit < 50,000 to each partner.
14. lk>snkjh QeZ osG iquxZBu ls D;k vk'k; gS\
2
What is meant by reconstitution of partnership firm ?
15. lkekU; ykHk rFkk vf/kykHk ls vki D;k le>rs gSa\
2
What do you mean by normal profit and super profit ?
1
3
Hkkx osG fy;s lk>snkjh esa 'kkfey djrs gSa] rks u;s ykHkkykHk dh x.kuk
Rajratan and Mrityunjay who share profit in the ratio of 3 : 2 admit Shashi to give him
profit & loss sharing ratio.
17.
1
3
2
share. Calculate the new
e`rd lk>snkj dks ns; jkf'k osG fy;s D;k tuZy izfof"V dh tk;sxh\
QeZ osG lekiu dh n'kk esa QeZ dh lEifk fdlh lk>snkj }kjk ysus ij D;k izfof"V dh tkrh gS\
izkfIr ,oa Hkqxrku [kkrk dh pkj fo'ks"krkvksa dks crkb,A
lk>snkjh dh pkj fo'ks"krk, crkb,A
[;kfr dks izHkkfor djus okys rhu ?kVdksa dks crkb,A
[;kfr x.kuk dh vkSlr ykHk&fof/k rFkk vf/kykHk fof/k esa vUrj crkb,A
e`rd lk>snkj dks ns; jkf'k dh x.kuk vki dSls djsax\

s
What Journal entry will be recorded for the amount payable to deceased partner ?
18.
On dissolution, what entry is passed if a partner takes over an asset of the firm ?
19.
State four features of Receipts and Payments Account.

20.
State four features of partnership.

21.
Explain three factors affecting goodwill.

22.
Distinguish between Average Profit Method and Super Profit Method of calculating goodwill.
23.
How will you calculate the amount due to a deceased partner ?

24. A, B ,oa C lk>snkj gSa tks ykHkksa dks 3 : 2 : 1 osG vuqikr esa ckVrs gSaA mUgksaus D dks 16
iqjkuk gh jgsxkA u;s vuqikr dh x.kuk dhft,A
Hkkx osG fy, lfEefyr fd;kA ;g lgefr gqbZ fd C dk fgLlk
A, B and C are partners sharing the profit in the ratio of 3 : 2 : 1. They admit D for
would retain his original share. Calculate New Ratio.
1
6
3
th share. It is agreed that C
ijh{kk iz'u&i=
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25. P, Q ,oa R lk>snkj gSa tks 5 : 4 : 3 ds vuqikr esa ykHk&gkfu foHkkftr djrs gSaA Q vodk'k xzg.k djrk gS vkSj mlosG fgLls dks P vkSj R esa cjkcj&cjkcj
3
ckV fn;k x;kA P vkSj R dk u;k ykHk foHkktu vuqikr Kkr dhft,A
P, Q and R are partners sharing profits in the ratio of 5 : 4 : 3. Q retires and his share was divided equally between
P and R. Calculate new profit sharing ratio of P and R.
3
26. lk>snkjh osG lekiu vkSj QeZ osG lekiu esa vUrj crkb,A
Distinguish between dissolution of partnership and dissolution of firm.
27. 31 ekpZ] 2013 dks lekIr gksus okys o"kZ dk eS=h Dyc dk izkfIr ,oa Hkqxrku [kkrk < 25,000 pUns ls izkIr jkf'k fn[kkrk gSA vfrfjDr lwpuk;sa fuEu
izdkj gSa %
Receipts and Payments A/c of Maitree Club for the year ended March 31, 2013, shows that the subscriptions
received were < 25,000. Additional information are as follows :
vnk pUnk (Outstanding subscriptions)

vfxze izkIr pUnk (Subscription received in advance)
1.4.2012
1.4.2013
<
<
5,000
2,500
3,500
3,000
o"kZ 2012-13 osG fy;s pUns ls izkIr vk; dh x.kuk dhft, rFkk pUns ls lEcfU/kr vko';d enksa dh izkjfEHkd rFkk vfUre fLFkfr fooj.k esa fn[kkb,A 5
28.
29.
30.
31.
Ascertain the amount of income from subscription for the year 2012-13 and show how relevant items of subscriptions
appear in Opening and Closing Balance Sheet.
fdu&fdu n'kkvksa esa QeZ dk lekiu fd;k tk ldrk gS\
5
In what circumstance can a firm be dissolved ?
A, B ,oa C cjkcj osG lk>snkj gSaA 1 vizy
S ] 2012 dh mudh fLFkj iwth Fkh] A < 10,000, B < 20,000, rFkk C < 30,000A o"kZ 2012-13 osG fy,
< 12,000 osG ykHk dks ckVk x;kA vko';d tuZy izfof"V dhft,] ;fn iwth ij C;kt 12% izfr o"kZ osG cnys 10% izfr o"kZ dh nj ls ozGs fMV fd;k
x;k gSA
5
A, B and C are equal partners. Their fixed capitals as on 1st April, 2012 were A < 10,000, B < 20,000 and C < 30,000.
Profits for the year 2012-13 amounted to < 12,000 which were distributed. Give the necessary Journal entries if
interest on capital was credited @ 10% p.a. instead of 12% p.a.
X, Y vkSj Z 3 : 2 : 1 osG vuqikr esa ,d QeZ esa lk>snkj gSaA 1 vizy
S ] 2013 dks mUgksaus Hkfo"; osG ykHkksa dks 7 : 5 : 4 osG vuqikr esa ckVus dk fu.kZ;
fy;kA bl frfFk dks lkekU; lap; < 76,000 vkSj lEifk;ksa ,oa nkf;Roksa osG iquewZY;kadu ij < 68,000 dk ykHk gSA ;g fu'p; fd;k x;k fd fps osG
vkdM+kas dks izHkkfor fd;s fcuk lek;kstu fd;k tkuk pkfg,A ,dy jkstukepk izfof"V }kjk lek;kstu dhft,A
5
X, Y and Z are partners in a firm in the ratio of 3 : 2 : 1. On 1st April, 2013 they decided to share profits in future
in the ratio of 7 : 5 : 4. On that date general reserve is < 76,000 and profit on revaluation of assets and liabilities
being < 68,000. It was decided that adjustment should be made without altering the figures in the Balance Sheet.
Make adjustment by one Single Journal entry.
A, B vkSj C lk>snkj gSa tks ykHk&gkfu dks cjkcj&cjkcj ckVrs gSaA mUgksaus 30 fnlEcj] 2013 dks QeZ dks fo?kfVr fd;k ftl frfFk dks QeZ dh fLFkfr
fuEu Fkh %
A, B and C are partners sharing profits and losses equally. They dissolved the firm on 30th December, 2013 on
which date their positions were as under :
vkFkd fpk (30 fnlEcj] 2013)
Balance Sheet as on (30th December, 2013)
ysunkj (Creditors)
iwth [kkrk (Capital A/c) :
A
B
C
<
60,000
<
30,000
30,000
30,000
lEifk (Assets)
vpy lEifk (Fixed Assets)
pkyw lEifk (Current Assets)
cSad jksdM+ (Cash at Bank)
<
1,00,000
40,000
10,000
90,000
1,50,000
1,50,000
lHkh lEifk;ksa ls iqLrdh; ewY; ls 10% de izkIr gq,A ysunkj dks iw.kZ Hkqxrku dj fn;k x;kA olwyh osG O;; < 500 gq,A olwyh [kkrk] lk>snkjksa dh iwth
[kkrk rFkk uxn vFkok cSad [kkrk rS;kj dhft,A
5
All the assets realise less than 10% book value. Creditors were paid in full. Expenses of realisation amounted to
< 500. Prepare Realisation account, Partners Capital account and cash or bank account.
(ys[kk'kkL=
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Rajeevs Model Paper
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(ijh{kkFkhZ Hkkx&[k ,oa Hkkx&x esa ls fdlh ,d gh Hkkx dk mkj nsa)
Hkkx&([k) (PART-B)
(dEiuh ,oa fokh; fooj.kksa dk fo'ys"k.k)
(Company and Analysis of Financial Statement)

(ii) iz- la- 38 ls 41 nks vadh; iz'u gSa ftuesa fdUgha 3 dk mkj nsaA
32.
dEiuh dh dksbZ nks fo'ks"krk;sa crkb,A
33.
.ki=ksa osG 'kks/ku osG rjhdksa osG uke crkb,A
34.
fokh; fooj.kksa ds nks ms';ksa dks crkb,A
35.
fokh; fooj.kksa osG fo'ys"k.k dh nks lhekvksa dks crkb,A
36.
vuqikr fo'ys"k.k osG nks ms'; crkb,A
37.
lapkyu&lEcU/kh f;kvksa ls jksdM+ izokg osG nks mnkgj.k nsaA
38.
LFkk;h izHkkj rFkk py izHkkj ls vki D;k le>rs gSa\
39.
lap; vkSj izko/kku esa D;k vUrj gS\
40.
fokh; fooj.kksa osG fo'ys"k.k ls D;k vk'k; gS\
41.
rqyukRed fokh; fooj.k fdls dgrs gSa\
42.
iwokZf/kdkj va'k ,oa lerk va'k esa vUrj crkb,A
43.
va'k/kkjh rFkk .ki=/kkjh esa dksbZ rhu vUrj crkb,A
44.
jksdM+ izokg fooj.k D;ksa rS;kj fd;k tkrk gS\
State any two features of a company.

State the ways of redemption of debentures.
State two objectives of Financial Statements.
State two limitations of analysis of Financial Statement.
State two objectives of ratio analysis.
Give two examples of cash flow from operating activity.
What do you mean by Fixed Charges and Floating Charges ?
What is the difference between Reserve and Provision ?
What is meant by Analysis of Financial Statement ?
What is meant by Comparative Financial Statement ?
Distinguish between preference share and equity share.
State any three differences between shareholders and debenture holders.
3
Why is Cash flow statement prepared ?
45. pkyw vuqikr 2 : 1 gSA dk;Z'khy iwth < 1,50,000 gSA pkyw lEifk ,oa pkyw nkf;Ro dh jkf'k;k Kkr dhft,A
3
Current Ratio is 2 : 1. Working Capital is < 1,50,000. Calculate the amounts of current assets and current liabilities.
46. dEiuh ls vki D;k le>rs gSa\ bldh vko';d fo'ks"krk;sa crkb,A
5
What do you mean by company ? State its essential features.
47. # dEiuh fy- us < 10 okys 35,000 lerk va'k < 2 vf/kykHk ij tkjh fd, ftu ij ns; jkf'k;k fuEuor gSa %
5
Rudra Company Ltd. issued 35,000 equity shares of < 10 each at a premium of < 2 payable as follows :
<
3
<
5
'ks"k izFke ;kpuk ij (Balance on first call)
jkstukepk izfof"V djsaA (Record Journal entries.)
ijh{kk iz'u&i=
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456789012345678901234567890121
, 2014
5
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456789012345678901234567890121
48.
moZ'kh fy- us ,d LFkkfir O;olk; dks < 50,000 esa ; fd;k] < 15,000 udn rFkk 'ks"k < 100 okys 9% .ki=ksa osG fuxZeu }kjk 10% osG cs ij ns;
FksA moZ'kh fy- dh iqLrdksa esa tuZy izfof"V dhft,A (Urvashi Ltd. purchased one established business for < 50,000, payable
< 15,000 in cash and the balance by issue of 9% debentures of < 100 at a discount of 10%. Give journal entries in the
books of Urvashi Ltd.)
5
49. fuEufyf[kr vkdM+kas ls rqyukRed :i esa ykHkksa dk fooj.k rS;kj dhft, (From the following data, prepare a statement of profits in
the comparative form) :
5
fooj.k
(Particulars)
fo; (Sales)
ldy ykHk vuqikr (Gross Profit Ratio)
iz'kkldh; O;; (Administrative Expenses)
vk; dj (Income Tax)
50.
31.3.2012
31.3.2013
<
<
6,00,000
8,00,000
30%
40%
40,000
1,00,000
50%
50%
fuEufyf[kr lwpuk ls nsunkj vkorZ vuqikr dk ifjdyu dhft, (Calculate the Debtors Turnover Ratio from the following
information) :
oqGy fo; (Total Sales)

uxn fo; (Cash Sales)
izkjfEHkd nsunkj (Opening Debtors)
vfUre nsunkj (Closing Debtors)
<
<
<
4,00,000
20% oqGy fo; dk (of Total Sales)
40,000
1,20,000
Hkkx&(x) (PART-C)
(dEI;wVj ys[kkadu) (Computer Accounting)

iz- la- 38 ls 41 nks vadh; iz'u gSa ftuesa fdUgha 3 dk mkj nsaA
(ii)
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
pkVZ osG f?kjs {ks= dk uke crkb,A (Name the area surrounding the chart.)
1
,Dlsy esa pkVZ MkW djus osG fy, fdl fp= dk iz;ksx djrs gSa\ (What icon we use to draw charts in Excel ?)
1
LAN 'kCn dk o.kZu djsaA (Explain the term LAN.)
1
esy etZ osG nks ykHk crkb,A (State two advantages of mail merge.)
1
usVodZ iz;ksx djus osG fy, vko';d ehfM;k crkb,A (Suggest the best suitable guided media used for the network.)
1
Internet osG dksbZ nks iz;ksx crkb,A (Enlist any two applications of Internet.)
1
cell rFkk cell irk dks ifjHkkf"kr djsaA (Define cell and cell address.)
2
,d pkVZ osG fjlkbZt dk in crkb,A (Write steps to resize a chart.)
2
mnkgj.k lfgr izkVs ksVkbZi dk;Z crkb,A (Define function prototype with example.)
2
2
DBMS osG iz;ksx dk o.kZu djsaA (Explain the application of DBMS.)
iwoZ ifjHkkf"kr dk;Z dk o.kZu djsaA (Explain predefined function.)
3
lgh dek.M osG lkFk SQL dks ifjHkkf"kr djsaA (Define SQL with suitable commands.)
3
uke] irk ,oa dkslZ dks izn'kr djus osG fy, SQL Query fy[ksaA (Write an SQL Query to display name, address and course.) 3
HTML izy[
s k esa fp= izo's k osG in crkb,A (Write steps to insert picture in an HTML document.)
3
lkWVos;j ikbjslh dks ifjHkkf"kr djsaA (Define software piracy.)
5
lEiz"s k.k ekxZ ls vki D;k le>rs gSa\ (What do you understand by communication channel ?)
5
bysDVkWfud LizM
s lhV dk iz;ksx {ks= crkb,A (Give some application areas of electronic spreadsheet.)
5
DBMS osG xq.k&nks"k D;k gSa\ (What are the merits and demerits of DBMS ?)
5
Excel workbook osG rRo dk o.kZu djsaA (Describe the components of an Excel workbook.)
5
nn

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CE

Rajeev Bansal 's

Strictly according to the latest syllabus prescribed by

Printing and Publishing rights with the Publisher.

Book Code : 8294

Rajeev's Model Paper f

Rajeev's Model Paper O

Rajeev's Model Paper f

Rajeev's Model Paper v

Rajeev's Model Paper English : 50 Marks

Rajeev's Model Paper m

Rajeev's Model Paper English : 100 Marks

[Accounting for Not-for-Profit Organisations]

[Accounting for Partnership Firms : Basic Concepts]

[Reconstitution of PartnershipChange in Profit-Sharing Ratio among the

[Goodwill : Meaning, Nature, Factors Affecting and Methods of Valuation]

[Reconstitution of Partnership : Admission of a Partner]

[Reconstitution of Partnership : Retirement of a Partner]

[Reconstitution of PartnershipDeath of a Partner]

[Dissolution of a Partnership Firm]

[Issue, Forfeiture and Re-Issue of Shares]

[Financial Statements of a Company]

[Tools of Financial Analysis]

[Cash Flow Statement]

[Model Paper : Set 14]

Hkkx (v) % oLrqfu"B iz'u

olh;r dks ekuuk pkfg, (Legacies should be treated as) :

(Objective Type Questions)

cgqfodYih; iz'u (Multiple Choice Questions) 12345678901234567

funsZ'kfuEufyf[kr iz'uksa esa pkj fodYi gSa] ftuesa ls ,d fodYi lgh

trading concerns is termed as) :

Rajeevs Model Paper ys[kk'kkL= (XII)

esa (a and b both)

fuEu esa ls dkSu vk; ug gS (Which of the following is not an

xSj&O;kikfjd laLFkku esa vf/kd ysu&nsu gksrs g (Most transactions

ls dksbZ ugha (None of these)

dh lsok djuk (To Serve the Society)

esa ls dksbZ Hkh ugha (None of the above)

,oa Hkqxrkuksa dk (All Capital Receipts

xSj&ykHkdkjh laxBuksa@xSj&O;kikfjd laLFkkvksa dk ys[kkadu

Hkkx (c) % xSj&oLrqfu"B iz'u

y?kq mkjh; iz'u (Short Answer Type Questions)12345678901234

izkfIr ,oa Hkqxrku [kkrk vkSj jksdM+ cgh esa vUrj

izkfIr ,oa Hkqxrku [kkrk

[kkrs dh izfr ;g okLrfod [kkrk gSA

Rajeevs Model Paper ys[kk'kkL= (XII)

iz'u 5. dks"k vk/kkfjr ys[kkadu D;k gS\ (What is Fund-based

iz'u 6. dks"k vk/kkfjr ys[kkadu dh pkj fo'ks"krkvksa dks crkb,A

,d lsV cuk;k tkrk gSA

while calculating subscription of the current year.)

ys[kkadu o"kZ osG fy, pUns (Subscription) dh jkf'k dh x.kuk

xSj&ykHkdkjh laxBuksa@xSj&O;kikfjd laLFkkvksa dk ys[kkadu

pUnksa ls vk; (Income from Subscriptions)

Income and Expenditure Account

Calculation of Subscription for 2014

Total Subscription received

Rajeevs Model Paper ys[kk'kkL= (XII)

Salaries paid during the year

Less : Outstanding Salaries on 31.12.2012

Salaries Chargeable to Income and Expenditure A/c

izkfIr ,oa Hkqxrku [kkrk

'ks"k (To Balance) (1-4-2013)