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10 9151

No. oI Printed Pages i 23


6068
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lfl lfi illfr t$ fl ilfl iltf, fl lltfl iltffi lt[ffi ffifl ffi ffi
Lrdl6)l 6rdi,r
Regtter Number T 9 o D
PART-III
eemntiqguu$O,9lureb / ACCOUNTANCY
( pr6l$ Lolgrn .gordeu a,g! / Tamit & English Versions)

GprlLb:3Loolfll
I ClLon$g Lo$luG uainooh :200
Time Allowed : 3 Hours ]
[Maximu Marks : 200
c)rdlq5[)r : (1) et6o6fliig e9 eor ntie q9 Lir arfluno r$orn61 zoironpn erohupenen
erflunri$g& G1e noirareq Lb. g&enLrSl6$6n gotpuggurgleiir gl6!rp&

sainsn6rdflLrun6nifl uii lranrquns$ Gpifl a$lioo1Lb..


(2) $euLb c1eleug olgLrq aroul}eocu Lor@GLo erlg51erp$qgLb.
g +&G6n+06)rg0(96 Lr u6inlr OEp Geuain@ Lb. u urfu soh ararrlorp$ g
6lueirfle; uueirrS$peqLb.
Insktctions : (1) ChecL the question paper for fairness of p nting. lf there is any lack of
tairness, inform the Hall Supervisor immedlately.
(2) Use Black or Blue inl to write and underline arrd pencil,to draw diagrams.

uOSl - g/PART-A

6fluq : gf5o6dr$51 er9eorn&e qgdgLb er9aoru.lafl&oqLb. 30x1=30

Note : Answer all the questions.

I. Gonqrr @rrarsaror $lf Lrqs :

Fill in the blanks :

7. 4l rrie o,9eoeu ell6!@gl _ orSlooou, @$cb 6rgl (g6DDGorn gEp


o9areuu9 @g1pe eTridgnq Lo$urgL_uu@Lb.
<i.r

Closing stock is valued at cost price or _ p ce whichever is lower.

2.
" 0' - fS di q efltUpgr
"Cpgl
er
-LLrG6.
Interegt on daawings is deducted from - _ account.

I pguqs / Turn over

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6068 2

3. 01.04.2014.
cr6;@)pur $guunure.gleinuq erri:Cl6 srein ? 10,00,000. 6r ErE
errrq o9pLb +@in@6qq 10%. 6rLq 6leg1$purgt I 60,000, 31.03.2015
e6i,rg
$lgeoouu9eb rehmr ourrg ? _.
The hial balance shows a bank loan < 10,00,000 at 10% interest
on 01.04.2014.
h*erest paid is < 60,000. Interest outstancling is f
_
on 31.03.2015.

4. paoer-, .eaf1&eos
Gp6irp _ Gp.op erarell Lb ercDp6sirLr$Lb.
Statement oI affairs method is also called as
rnetl1od.
--
5. eO 6lprru5ld zfleoLounonrfleir GlLon$p Glen$gl&eon a 5,00,000,
Jel6u(r6oLur
GungLrqeeir ? 3,50,000 6r@fl6b +461(E6b)L[] (gpl
_
csglb.
The to.tal assets of a proprieror are I 5,00,000. Hir lidbitities I 1,50,000. Tlen hjs
caprtal m the business is

6. qg$paose eh LSgl Gpu.lLonorLb e6r6r?i6l r rLD 6n] M


uueiru@gpuu@61pg1.
'nnethod of depreciation is used in the ase of Lease.

7. gfO buEdil.66etr orgf ueoar 6fl6D6D < 7,00,000 o$S r eoarug eb qSrLr
machinery_ is ? 7,00,000. The toss on sate of nuchinery is
:1t"Tg"p^.t:*."
11,00,000. The book value i.rf the asset is ?

8.

Banl overdraJt is afl example oI __ liabiii6,.

9. GLon$p a0$ueoar 16,00,000


+5 aeirer Grrgt 6L_6iJr 6rglELl6o6ii 14.50,000,
eroflei-, GlTr&o e$lpr,eoem { _
When total sales is { 6,00,000, Credit sales is { 4,50,000, then cash sales will be
I

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6058

10. eO LorpJi$l6i,r 6r&6 Glrnd;g 6rtOrq sr0$p Lonp$$ein


S1rynrngLb.
The closing balance of one month will be the balance oI the next
month,

11. 6tridlr- d e.r i 6rin 6n-ot+ ar Lb lrnernrisur-r.srainfil


-
lndian Partnership Act was enacted in the year

12. 8(D -r6lur e^urrefleor-d Ge-&1gLb 6lunqgg @orru uCl'ei,


er96lpib oonBdlr Gorain@Ln. -,
At the time of admission of a new parLner, prolit ratio should be
found out.

13. &.LLn6fl o8eueerlein


Gunq4g go,9l$p snlrq 6$l er^,-5g s.rrnoflsolfl6i,r
roa.6l s6rrlAr.a.1r6fl.rire, erllClcri4lel Lonrim-rriALb.
In retirement, the accumulated reserues will be transfered to the old paitner's
capital account in _ ratio.

:
14. GIJ-n6flarr rLosab rf,lm oridlein /sdluGJL,JLA 61,n6ra6.
Nominal capital is the capital rnentioned in the of the comPany.

15. < 100 19os Lo$lrqoiron GO urE(g t 120 -,nO 6ler:oflu9@ Cleur u.r Lr Lr rrr6i)
.errlrLrnlCldn 6,cn6?n ,AAn rb6D6dILoLb { - "9r 5i)
If a share of I 100 is issued for ( 120, the secirdties premium on such share is

II. eflurrerr a,lJaoreour$ Gpmj;Glp@$5l aqggls.


Choose and wdte the correct answer,
16. Clsn@ur Go:ainqu alrL6i)5 g)(D :
(e) 6lungnq (g) Gten$gr ($) ergonorLi>
Rent out'tdnding is :
(a) a Iiability (1r) an asset (c) an income

[ $guqs / Tum over

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77, 37.03.2002 st6ijT6iipu-j @guunurefleiiru q


uPueu e rennoflseh < 1,50,000
suonnoflsoh r-85l 5% ernTn gu6 srair ggdi196(g ggtrisuuu Gororinqu
Clsnao.s
(er) { 15,000 () < 7,500 (g) ( 7s,000
The Trial Balance on 31.03.2002 shows Sundry debtors t 1,50,000 and the
provision for bad arrd doubtful debts at 5y" is
(a) t 15,000 &) t 7,s00 (c) { 75,000
18. oq urru nrr6$l6ir grp66l6o6n .lflu pu nrfl &ou u@eug
-. :

(.1) oSlunurT& sanriqg


(.%)@eun: +6ir6Dgl pr'r B earrig
(6) 6l-nu s06ars
The capital oI a business is ascertained by preparing :

(a) Trading account


(b) Statement of profit or loss
(c) qlaLement of alfairs

19. g)(9el1-o G-.lpnp ' $iGor@ao6"rlr ur,r6i,r-r@E51jl pEouorLb :

(er) flE o6lurn u rlaeh (+r$lguoruseir (6) ers


hrcomplete records are generally used by :
(a) Small tiaders (b) Compary (c) Government

20. e0$reoen oElooeu Glen$$loin qr@ La$luaru o9lr g$oione @g$pnd +5


ao qgLo.
(=e.) p' , tb (qr)6uoLor6r-b (6) 66l)--,,4
If selling price is mole than the book value of the asset on dre date oI sale, ii !
(a) aloss 0r) ar1 income (c) a profit

21. < 10,000 Lo$lLrLl6irm eO 6l@6D, 6len$$leir L6g] q6i,r06(q.10% g6e::5.


6ler Lo$Lrq graopu!1ai Gpuronor6 $risuuurnair, (ppd G ei'l
qain@s69ri1g $isur@Ln Gpu.LLonor$ Cipnaroullein 6lLon$pLb.
(.er) t 2,107 (q)< 2,710 (6) . 2,701
Total amount of depreciaEon provided on the wdtten down value metlod ai
rate of 109/o p.a. on t 10,000 for the fust *uee years will be :
=;
ta) < 2,707 &) 2,710
< (c\
7 2,701

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s 6068

22. ofldlpruaqgLb
er6n6.rpgl 6 6o.Eu-l6oLur gel Glon@riouu@ri.
(el) oflSlsneerrfb (g) Lorm:g (@) epe$pLb
Ali solvency ratios are expressed in tetms of :
(a) Proportion (b) Times (c) Percentage

23. @ rri,- o0dg o eLoo"+ $gias r" r1r- g :

(sr) 100 - @u,ee @onu e$8pLb


(+) lno + @uia StonL er96'pLb
(gl) 6ur&6 Stcunu o96pLb
Operating ratio is equal to :
(a) 100 -
Opelating profit ratio
(b) 100 + Operating prolit ratio
(c) Operatir1g profit ratio

24, -+tarroaeueir erf irns firo, o Arisrtisnrfr,\


(isr ) Clrnssu 6rgpebsoir
(g"l Glnrriss Ge;u risei"soir
($) GLopa,flu 6rgto.l r-616ir 60 6D

Sale of fulniture is an example for' :


(a) Ca.h rp, eipt
(t) Cash payment
( ) \ore of Ure r5.\ c.

25. GDp6l LEp;ror erl-rq s6iir&6lLlru06rrg :


(s l- 6 &s gopet (+l
gJ,$l Crp6i, (@ r ennrrf gpel,
lnterest on capital is .alculated on the :
(a) Ope[ing Capital (b) Closing Capital (c) Average Capital
26. erLr-n6rfls6iT A, B $ga.rgrn 3 :2 6tdn} a,lfdp$p<il @eunrLb udn$gt
er$potrn. q$u.l o,rrrafl C 173 urar6l$1g Geri6oLruLLn6! A, B +6lcurri
C-eir uri6l$sns$ pgargt
(el) eLoLroqg
l.E I . "xerr 6ii, rosai, crQA,c*6rsr Cl r rrnri.q,
ri s,61fl

(A ) etqr ri s@ao ru
@ernr a,9dlp$aopu 61 r ir65$gr
\'\hen A and B are sha ng profits and losses in the ratio of 3 : 2, they admit C as
a parher giving him 1/3 share of profits. This will be given by A ar1d B.
(a) fqually
@) In dre ratio of their capital
(c) ln the ratio o{ thei! profits

[ 6](D!l16 / Turn over

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27. Qalcffi 6leoigtLb a'rrrierflrilg Geq ai,rrlu G)pnare +rGar Geu


61eg1$pr.ure.9elcoeu ee#ld. cr$Ggrenc LonrDr' rclLb s6rti(g _

(et) gpr eomd:6 (q) oreiir oemlilg (S) Gllrri;s aarrdg


If the rettuing parher is not paid iinmediately, his amount due will be transferred
to his account.
(ir) Capilal a(count (b) Loan accounl (c) Cunent account

-
28. .jtL-eIral6iir A- u+. pg aoarrig 5@rrBdlLUUOb Lr+
6iJr ell6npur-.1 a.r

(sr) 4% (+) s% (gr) 6%


According to Table A, intelest charged on calls-in-arears is

@\ a'n (b) 5% (c) 6%

29. $gioe ($lqg$pur.]rr) slLrb 2000 -6i,T Lj+ LrrErgs6lrrr6l 6.16o[u,]grisuuLL


6prrn eIr6o5urr6dr umlgaaron DLG1Lb Gl6!6rflull@d)

(.er) 1 (+)2 (6) 3

According to Companies (Amendment) Act 2000, a Company Lirnited by share


can issue - kinds of shares.
(a) 1 (b) 2 (.) 3

30. - { -p. rl @u rEr6=.-


g.g 6IE,LD$S6ia $ ri.6p'ao.r g6i,,g I0 Lo$lLL6oLL-.r 200 s
dgt g10r,6 g6alpurlp Glpreosurner < 2 Qeg$prp snlan$$a::a
ggnr9puq Geu-lpemft. r9eirerri @ Lr Lr itu 1ge 6h ( 1,500-&O og GlarofrJj
Gleuir.uur'L g eredd; grpa6len anuL9111$ Lo-iipuu$Lb Glp'aro

(sr) < 1.100 (q) ? 1,600 (6)) < 1,500


'The
Dire.tois of a company fo eited 200 Equity Shares of < 10 ea.h fuIl! called
up on whicl the final call oI { 2 has not been paid. The shares were re-issued
upon pay{rent of ( 1,500. The amount transfened to Capital ReseNe Account is

(a) { 1,100 (b) t 1.600 (c) I 1.s00

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6058

!661 - e!/ PARr-B


6dnrl : (i) ercoeuGugtrb u$51 o8ornri;eq9&6g e6leoruafl&eeqLb. 10x5=50
(ii) eg$$uetu erri$p o6teurnBoeir 9e!6)ernoinflf g5Lb 50 6!rri$6ops(0ts(q
6an Loa! a9leo. raldeoqLb.
Note : (i) Answer any ten questions.
" (ii) Answers to theory questions should not exceed 50 words each.

31. 6l6nGtul Gotainrlu Gleataqooh 6r6i,rpn6! 6r6iJr6.r ?


What is outstanding expense ?

32. 6l6o6u etflieoo eroiirpnel eroiiror ?


W'hat is statement of aiTairs ?

33. GpurronenLi euarryar9eurioamLo p1gs.


Deline Depteciation.

Se. p$$leoeu erfldors uguunura,9lein gaopun@oeh e,Gpgib @ryainrqenars a-p.


Give any ht,o limitations of Iinancial statement analysis.

35. 6l1-dou 61:gpel,aq1dg p$g o g:rraoLb pga.


Give five examples for cash receipts.

36. Lurf g6unLlLb ereiirpnei.r oreinen ?


Wlat is super profit ?

37. rulg ggLtr9pLtq 6r6i'lpir6l 6r6fi6dr ?


Whal i) forleiturc of shares ?

38. @gLrururerloirurq g:pd ( 5,00,000. g:pob dg1 eurq


31.03.2013 4leinarpu.r r;%
.elgrlDSl&s @ppsnen erfl$sr@u u$61 LD$grb uor$gir rgleq p6e.
As per Trial Balance on 31.03.2013 capital is < 6,00,000. Provide 6% interest on capitai.
Pass adjusting and harsler entdes.

I $grrqs / Turo over

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6068

39. a9-l@uuu poeuoreu6 orni,ne :

6rG u L.l t 50,000

a'fAtse! roseir t 10,000

6pnuri;s g:peir { 1,00,000

elarar nainrgein $eunu Lb t 25,000

6Ed cpsa ?

Calculate the missing information :

Drawings { 50,000
Additional capital t 10,000
Opening capital < 1,00,000
Profit made during the year ? 25,000
Closing capital ?

a0. g19 pgLoLb t 1,20,000 LD$li..rq6ir6n Su:p$lrlparp ernrrrdugt. s1p6i,r uur6iT6fi!Ll


6n6Db 10 gain@seir. @9$ Lo$I-rq { 12,000. GpriGsnu@ glaopu61ci: GpurLonar
o98pril snaino.
A company purchased a machinery lor I 1,20,000. Its useful life is 10 years arrd the
scrap value is { 12,000. Determine the mte of depreciation under the straight line
method.

41. r9einorgri ofleuTrtuearer6 61onain@ euennaflo6h oslD u6o6.T o616lp$eope


oan68@o :

6lLonlis -I,75,000
o,Slrir reoem Clqn&e oll$ueoor 35,000

oSlril u ar arridlrm r-r u Lb 10,000 Clsrirriori srarrnarfl sair 8,000

6lmr6Li suennaflsah 12,000

Flom the foilowin& determine Debtors Tutnover ratio :

(
Total Sales 7,75,000 Cash Saies 35,000
Sales Retum 10,000 Opening Debtors 8,000
Closing Debtors 72,000

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9 6068

a2. SBsngrLn o9le!rrr s,orfl 6l $6$9l g3oror rfl 2013 onp$$$snen Glnris$
$uruurrquoior punrf[io.
(et) eosu9guq Clln6orj: t 2,500

(4) gareurfl 2013 6b Cl[r66 a9]Eua)6n 165,000

($) genein Lonp$$l$oneri &.6151 { 23,750

(n) ClTnri;ori; Gl6n6hgrp6l < 27,450

(*) gope$@oeir L-65l Clup Geuairrqu 6rlq < 1,750

Prepare cash budget for the monti oI January 2013 from the following information.

(a) Cash in hand (estimated) t 2,500


(b) Cash sales for January 2013 { 55,000
(c) Wages for the month Jaruary < 23,750
(d) Cash purchases { 27,450
(e) Interesi receivable on i..vestments t 1,750

43, +ll6bfl5n euaflgrt 6r@llb .6rrb a'runafls# pui


oalalLr l6ri$51
erorone @eunl
eug6leinpeorri. ereflpn qain@ (!](,6!516 geuGleung onp $g$luslg]Lb < 2,000
$gLbu or$r$5ld; Gloneirdlpnri. elaflpna9l$g .Aaiior@ri6 10% or@Lrqacir r8pnem
6! Lr+6DU-r?i oan66@e.

,{ itha and Vardtla are two parblers sha ng Prolits and losses equally. Anitha drew
regularly { 2,000 at the end oI every month during the year' Calculate interest on
dra$'ings at 10% p.a. for Anitha.

aa. a9c6r-5 6u6oryrg SJLDLb ? 10 er9p Jo 40 00C Ur6itr@<l6i LD Lttge6c6n


< 3 @@6irLoSSl 6n G[ndio$p$ 1q Glorofl ull rr5. Gl auerfl u9l uLr I r- r s]6o6r-'pgl
u or lgeqgriqqrn Or(gS 6lprr6o5 Lr 6 upLrr rrgl rrfl u 19f) uGu r@ u r$1 oflarar

Vinod Company Ltd. issued 40,000 prelerence shares of { 10 each at premium of


? 3 each. A.11 cash rvas received for ail dre shares issued. Give Joumal enhy.

I 6 E..l* / Turn over

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6068 10

uo6l _61 /PARr_c


gdlull : (i) scp@Lb Apgt 65l6nn&6@6(g a9eoruoidsqb. g)6!ii0t6iT as orgl
" o,9lennoSlflg srrruLit e{leorulcrflrio Gorain@Lb. 5x12=60
(ii) s19$$ue enf$p o0ern&scir gor6leunoir$lSgLb 150 6rni.Salp5eg619
L6lonLoeU oQm uaflBoq-b.
Note ! (i) Answer any five questions including question no. 45 which is compulsory.
(ii) Answer to theory questions should not exceed 150 words each.

45. (+lr) 6fO. onri$$l etorrioafleir 31.3.2012 !6i,r6opur $19nrnura,9ein Lrr+ LrELr6!,
5L6nn6rfls6iT t 57,000
efl6sr$tpdlooir:
(q 4 7,000 ornrfti ereir Gun6Glsqg5le.
(n) sl6bir6fls6ir d51 5% ornrln 6ul6 6L6i,1 ggld(q L(g6rr{i(g6.
{iii) or 6ii-6rf 66 -8g 2% peiqlurq eg {;g LO6L d gs .

6fl&6L$lu !$l6ll66ir p$gl. @erar9orTorseir @g$ri semr6;6gsoriei.r eraler ng


Gp;n6in416 orolel Lb snr@e.

915u5$51
(+) $lCqr6 6ls$pr p6irgl 6IO66o6n gE6i)DLr r$eq g:eopu9lel uqnLoft$gt
ei,g6lpni. 2AOq q -trdu 1 Lo)g-b 2010 Lon'd I I +jp-Gor-G g){ 6!6 j)
-l1
g6&r+E(9flu-r SeunrLb eleleugl prrLb oatuuflo.
1_.4.2009 31.3.2010
Clenzi.B 4gt6rrLb Clt rrm r'rr rsrcrx h

aurnd @gLrq 35,000 (6!) 4s,000 (r)


6D5 CJ[r&sd) 2,000 3,000

s[&6](9 Lr Ll 30,000 40,000

u$reu ererrnoflooir 85,000 76,040

ClrnflqLb Clurfl Gprg$q Lb 2,00,000 1,00,000

el1 6d)p 66D6in 1,00,000 1,00,000

!ELr6D sL6rfEGpni 1,50,000 1,80,000

dl,n LoAl ara ri.r,n sarla.r Clsn s L6i,T rtl rorhs,n& -ortsd,Genmri { 1.000
L
er@$g]d Gsnainrrir. eiorir +5ainqeoruqab t 40,000 &rop6l GDp6Dne
@trrr i. e,eopaeueir L6gJ l0% Gp-ro 6i" -b SAgs

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11 6068

(a) lhe niaj balance of \4r'. Kar$i .hor^c on Jl.l.20l2 as follows:


Sundry debtors { 57,000
Adjustments :
(i) Bad debts to be written off 2000.{
(ii) Provision for bad and doubtful debts be created at 5%.
(iii)Provide discount cn debtors at 27o.
Pas6 adjusting entries and also, show how these iterns will appear in the final
accounts.
OR
(b) Mrs. Vasantha keeps her books by Single Enhy System. Her position on 1.4.2009
and lt.l.20t0 was as rollor\s
1.4.2009 31.3.2010
Liabfities and Assets

Bank balance 35,000 (Cr) 45,000 (Dr)


Cash in hand 2,000 3,000
Stock 30,000 40,000
Sundry dettors 85,000 76,000
PJait and machjnery 2,00,000 1,00,000
Furnifure 1,00,000 1,00,000
Sundry creditors 1,50,000 1,80,000

She withdrew t 1,000 per morth for personai purpose. She introduced an
additional capital of { 40,000 during the financieil year. Find out t}re profit and
loss Ior the year ended on 31.3.2010. Depreciate Ftuniture by 10%.

46. Gpu:LonenLb $ds Gorainraupain Gpeoerset u:reoou ?


tr{hat are the needs for providing depreciation ?

47. 81nds$ $1ruu uLr+ur6! 6r6inpn6b 6i-6i,r6br ? etpeiir peineoLoaoir urr6D6r ? 6l[n&5$
$) iru r rrqu.lel pur rrfl66lr u u]6inlr 0$p Lb GD6oE56D6rr aJ fl 6ireLr u$Sg]s.
l\'l:rat is meant by cash budget ? Mention its advantages. List the medrod that can be
used Jor tle prepalation of the cash budget.

48. 6l6D6D gpdr garprigLb, ongu@Lb g:p6 GD6optj;OLb zohon Ger:gun@eoir


u,ttr6b)ol ?
What are the differences between Iixed capital method and Fluctuating caPital
rnethod ?

I 6tDtq, / Turn over

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6068 72

49_. 2011qa[@ r .gr6i,r0 cxf6trlpp .sainr (


90,000 Lo$Lrqehar @uJp6hp6Dp
r-9rlprieiu
eunri6larir. g6d)p ,6lp 6!.16!ppenen Gleeuoqeeir < 10,000 .%6dnGl.i(9 10%
d
GpriGenr@ Or6op [9l Gpu LonorLb aSleuri;s Lr u urgt. 2014 Lo jrriri 31 elr6i,rg
gaeler9 u$$ pLil L: uenlg u Gu irarpnoi.r < 82,000-6
19 a9$e u r rrg.
gt6ircl6u rr(g
4oin@Lb Lonri& 3L-6! 5@n&g56iT glqrioLr Glrgrdpgl oenri; Oonain@ $u$$17
oemtiaooqLb GpulLonar 56rirBalou..l6 geing qain$teq961g pu.lnii Geure.
Aravinth ard Brothers purchased rrachinery lor { 90,000 on 1st Apdl 2011. They
spent { 10,000 for installation charges. On 31st March 2014 the machinery was found
to be unsuitable and sold for ( 82,000. Depreciation is to be provided at the rate of 10%
per amurn on stmight line method. The accoults are closed on 31st March every year.

Prepare MachiIrery accounts and Depteciation account for. three years.

50. E$riangrLn a6a-nn:oarord Glsnair@ QeirargLb a96lp rao.ond o-cjrr+.


(er) CiLonpp @eunu o,9l$lpLb

(4) pory @teunu o.98pLb

16l) inLUU 60616h

o,9Srarem 3,00,000 66lrbp Glrngofleir sl L&5o9l6i)6D 1,80,000

$lsq @arnuLb 30,000 Glfrrisrb 20,000

sr#$Gpnri 18,000 GliJn656


6)rr6rdl 30,000
eufud GLoel oranyl]u$E 12,000 a[ddl(Dlrl] 10,000

From the given data, calculate :

(a) Gross Profit Ratio

(b) Net Profit Ratio


(c) Curent Ratio

Sales 3,00,000 Cost of Goods Sold 1,80,000


Net Profit 30,000 Cash in Hand 20,000

Creditors 18,000 Cash at Banl 30,000


Banl Overdraft 12,000 Stock 10,000

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13 6068

51. E$r;sngtLb o6tarrTr saren& 6enairi@ r1ofl, qngn, 6r@rb a,rrnaflsafleh grgei.r

sollilgeeoonqLb, puuqr! sanriaosq Lb punri C)eu-ls.


ryo9 IrEIr
{
01.04.2003 .sr eiirarp u gopoi.r 1,00,000 60,000

01.04.2001 sl60ir6d)9 rL p-L-l &6!rTli(9 3,000 (u) 2,000 (6!)

gLb 8,000 5,000


2003-2004 +@iarq6i'r 610uq56n
5,000 3,000
(!Dg6 dgJ eriLr+
crli\rlu rSe,r 6uLr!- 240 150

10,000
2001-2004 elb gdn r4oin Ser-,nu r nilg 12,000

I
I
opcq Ctuf pgr 1,200 1,000

4,000
I a'.rnoflLj!1eh est$,r.j rj>
Write up the Capital f, C*t"ttt A""orlrLs of the partnert Ravi ard Raja, from the
lbllowing details.
Ravi Raja
t
Capital on 01.04.2003 1,00,000 60,000
Current A/c on 01.04.2003 3,000 (Dr) 2,000 (Cr)
Drawings during 2003-2004 8,000 5,000

Interest on Capital 5,000 3,000


Interest on Dr awings 240 150
Share of profit 2003-2004 12,000 10,000
Coomission Received 1,200 1,000

Partners Salary 4,000

52. 6$6Dr 6)160[u-jg] 610lLDSSIeirr @u-r&6pfsoir e6i, g


n 10 LDSILrLl6i)LUr 2000
Cleurpeni'
L.:rugsaron @gS etarguq t a G"9$pnp sngero$$lennd ggLrrgpLrq
6p-A t
rrco-"r1g"eoen L-ti G) o neingl 5 er9p Lb Uq96'r9rb Gleg$pLruur
-,r,19aer-oo3 Gerjef u5@ C euggl'
Gpni-u-, n- 196"Cl,i$l" u$eqeeil gpgJ, urrg ggrur9lgLrq 666rd:6 oEgu6
g:peOan oeuitq eoolilg punn Clsule'
of final
ite directors oI Sheeh L1d. Iolfeited 2000 shares(of { 10 each {or non pafnentGive
ca1l t 3. 1800 of these shares were re-issued for 6 Per shale Iuily paid uP' the
.ru."a*r!' lort"ut entties antl prepare sh_are Forleited account and CaPital'Reserve
account.

I p6lqs / Turn over

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6068 14

lg$l - t;I/PARr^D

1ggluq : orarorGu@l,n zu)6hg o,gennri;oqg&19 erieor_u]erfl&oqLb. @er$geir sa-or,g


or9larrno:9$g GLLrurLb otrlaoru:aflrio Gorain@Lb. Sx20=60
Note : Answer any three questions including quesEons no. 53 wlich js compulsory.

53. (.9) R, S, T 6r6ifp ar-rrrefl;cir 3:2: l argLi or96p$$leb $euru prrLb udi$gt
6rl$p6ni". 31.12.2004 Li pr6odrur @1guq porou& g$)uq rglehorgLong

6unpluqosh t 6lan$51rioeh
u$L-reu orofhGprri 11,000 elr16rd 32,000
ennq $$ 24,000 r$rar ou.amroflodr 10,000
grpol oan6goeh e [66]19lq 9,000
R - 45,000 6t,o$lr,b 24,000
s - 30,000
$)euLb orruLb
38,000
.T - 15,000 90,000 6loru mrr s/nr 12,000
1,25,000 1,25,000

L9l eirar gLb @orrraraoner& s,(g$66n Gl6n6ii4r6 01.01,2005 er6iTgl,T,


flgo,org$o:'gpgt af, eudlarnri.

(i) pgeuar$$oir p$6llurf < 18,000 orom Lo$1Lr61L-uurug.


(ij) Etirdi lrL6irr eg6(g ? 500-&(9 ar6D6 Clsur6.

(iii) 6106, cr rL-Lb 20%.o$L-.rGufpri Gleu.lulluurgr.


(iv) gur66r$5l6ir rfp 5?6 GpurLonorLb $&srurrg.
(v) 6an$Lrrr uqggtLrnirirqe Gl+eue16g t 1100 g5ld8o G)euJuL:uur-5].
l\i) T 6\ or grire I 5.000 Ceg,F,pur,-LgL LffSl J!6)116d s L6irr
61 -.r

aan&6 rig -Dn IJLLL*F LogLo$1nSu@ 6/g ODp6J aelirigscir


ofgLb ior$$ sl6oLDcjsLrLrLL ppouen$$eir $t6L-rq ,6oreuti 15Srq
pLrfi 6]4urs.

316b 609]

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15 6068

(.5) Egtiengrrn o9ourlruseooni Gsnain@ 2009 orft& 31-+Lb pnGarn$t


(!)r+6u6o.Lq6 4ainq,bgrflu er9lurnurT, @eunu p116 66&18 6r)6 u-.lLb,
slppr6D6nu-.r @gnq peoeud (g6lLr6DUErb pu-rnri Geurs.

31.3.2008 31.3.2009

{
epBClguq 50,000 25,000

uf ueu erennafleoir 1,25,000 7,75,000

Gqn&od 12,500 20,000

elarpoeuein 5,000 5,000

urbu6D 6L6dfrfrG5ni 75,000 87,500

rofp e6leuTnresh (

6rG u L.l 20,000

Glu m sohternutc 7,500

s6fl$p F6ir(gur+ 5,000

uo6rJ6D5& Glaeuqoeh 17,500

cL-d$Gpnqd;qg elofl iip GlTn6oLjr 2,25,000

erornofl u5l l-d)6$gl 6ugp GqnrioLb 2,67,500

erSlri r.: aron& CJrnuuLir 7,500

6enohgrpetu $l6uurb 2,500

617n&c or9)Srarar 2,s00

t $lq5nLls / Turn over

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6066 76

(a) R, S, T were partrrers of a fi.rm sharing prclit and loss in the ratio of 3:2:1. Their
Balance Sheet as on 31.12.2004 stood as under.

Liabilities ( Assets
Sundry Creditor 11,000 Cash at Bank 32,000
Reserve Furrd 24,000 Sundry Debtors 10,000
Capital Accounts Stock 9,000
R - 45,000 Machinery 24,000
s - 30,000 Land and Builcling 38,000
T - 15,000 90,000 Pro1it and Loss A/c -12,000

1,25,000 1,25,000

On 1st January 2005, T retued from the firm on the follo\^,ing.

(i) That goodwill of the film ra,as valued at < 18,000.

(ii) That provision for doubfful debts be created at { 500.

(ii, That the land and building be appreciated by 20%.

(iv) That machinery be depreciated by 5%.

(v) That a provision of a ? 1100 be made in respect of an outstanding bill for


rePais,

(vi) That'T' be paid t 5,000 and the balance be lransferred to bis loan a/c.
Prepare Revaluaiion Account, Paftlers Capital Accotrnts and Balance Sheet
of the reconstituted partnership.

OR

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17

(b) From the following details prepare Trading and Profit and Loss acco.rnt for tlre
period ended 31.3.2009 and Balance Sheet on that date.

As on 31.3.2008 As on 31.3.2009

Stock 50,000 25,000

Sundry Debtors 7,25,000 7,75,000

Cash .12,500 20,000

Iumiture 5,000 5,000

Sundry Creditors 75,000 87,500

Other Details

Drawings 20,000

Discount received 7,500

Discount allowed 5,000

Surdry expenses 17,500

Cash paid to creditors 2,25,000

Cash received lrom debtors 2,67,500

Sales Refuln 7,500

Purchase Return 2,540

Cash sales 2,500

[ $]19l,qs / Tum over

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") 6o6li 18

54. 31.03.2005 .er6i,r0l eGamo$ eiir oy@serfle0g$gl er@Berlurr


$6. gGp
@lguqoeir
gfrrlrLO6iT6n6ir. 2005 LDrfi+ 3i qlb pnc6nnGl g!q6r6oLU-]Lb.SoiinLq$glflu..l
er9Lr.rrlny, @)eunu pur semr6atsr4Lb, g$pneoonu
@(Drq paoard; gflueouqLb
punri Gleuts.

2005 ,ntrn;
LD ITIT& 3.1 qLD p[a)6nur g(}LJLr rlu]ol
u$E1 $t6nqash oJr1sl.1 6r(EU l.l66iT a
or@Lrqsoh 8,000 (9p6D 40,000
ouru8u9lci C1yn6e rir 3,400 ofl! r arar 32,000
are 6r1r&erit 13,000 ugrcu srof$Gpnri' 9,000
61661 2,000

61e noirg:pdu 4,000

eq66lgLr q (1.4.200a) 12,000

sLL-Lri) 20,000

r!L:eu sreuraflsoir 8,800

C)ugoupSgrflu Longgl
fLO 5,800

6Il IrL605 900

500
"00,1
Grnge Gleacelsch 1,600

c1 aorp seu oin 1,000


81,000 81,000

Spri;ongtLb erfld;or@pelseir 6leu-r L1.ru Lr r Gerain@Lb.

(, 31.3.2005 eleing ep&66Lrr9eir LDSlL]q { 8,000

(i') g:p6b r8g1 er rr1 6% elglLop&o Gorai,r@Lb.

(*) 6rGluL.l Lfg errq 5% elgLo$ris Gorair@Lb.

(iv) 6on@rr Gouairrgu e.6st ? 200.

(v) geir a,rrq& Clepy$$u.l errrL6os ( 100.

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79 6068
The following are the balances exhacted {rom the books
of Ganesh as on 31.03.2005.
Prepare Trading and prolit and Loss account for th"
y"ul ti.;;.Z"OOS or.,a u
Balance Sheet as on that date. ";;].;

Trial Balance as on 31.3.2005


Debit Balancos Credit Balances
lDrawings 8,000 ICapital 40,000
at Bank 3,400 lsrt"" 32,000
lCash
lCash in hand 13,000 lsun,lry Creclitors 9,000
Wages 2,400
Purchase 4,000
Stock (1.4.2004) 72,000
Buildings 20,000
Sundry Debtors 8,800
BiIIs Receivable 5,800
Rent 900
Comnfssion 500
General Expenses 7,600
Furnifure 1,000
81,000 81,000

The {ollowing adjustments are to be made.

(i) Stock on 31.3.2005 was { 8,000.

(u) literest on capital at 5oo to be provided.

(iii) Interest on Drawings at 5% to be provided.

(iv) Wages yet to be paid { 200.

(v) Rent prepaid ? 100.

[ $g;rqo / Turn over

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6068 20

55. griun e61r-616rrr1eh 31.3.2005 6 q6iitrq$5n6.T 8;!snglri a9laifrErs6ir


Gsn@&e uu r@oiror6r. GlLonSp $runu o,$61p6, $sq @eunu or9ldlpLb $ud;e
$teunu e,961pLb LofgLb Sru:rio a9l6pLb (lDpe6luar$enp& eor661@o

ofl$ u aren 2,00,000 6lLoniiggl6DruLb 80,000

J)tgl6r6l)5& G)eeuqoeh 5,000 o6fueoeara Gleeuqsoir 4,000

$l$enri Gleeueqseh 3,000 6ur$6rb 6$0p61d 1,s00


q.OLrLL pLLLb

arrt. Clufimst 5UU plsr g6D[L]to 65,000

Surya Ltd. provides the following inlormation for the year ending 31 3 2006 Calculate
Gross Profit ratio, Net Plofit ratio, Opelatlng Profit ratio and OPeraLing ratio'

Sales 2,00,000 Grogs Profit 80,000

Oifice Expenses 6,000 Selling Expenses 4,000

Finance expenses 3,000 Loss on Sale oI Plant 1,500

lnterest received 5oo Net kofit 65,000

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-r-
27 6068

56. rSeiiorgLb o,9ou[E]onrf]nflf9pgt 2015 Lont&, e1u7< LopErjr


Go Lonprirsqg*cirar
C17n&o$ $lrrLt uLl+ul6D6D pu.Lnrfl&o :

6L6ir Cl6n6hurpd, 6n6!15 LDEgLb


a6lfuaror 6+orqaeh
t
fl 75,000 1,50,000 1,20,000
E6or6!
t9u rJeurfl 1,00,000 1,3s,000 1,35,000

ioni& 85,000 1,75,000 65,000

6Ir$dn 7,25,000 1,20,000 70,000

Go 90,000 7,40,000 80,000

(4 01.03.2015-61 er$ nGp nri;qgib Clrr&6 8OUL.l < 80,000.

(n) epri;eofl$Gpnri er@LD6lp.$ sroflaiir sn6u6


@q6i,r@ LonprE a6h.

(iii) errqriaosunornsqgri;6 .lafl$p oredloir cneuLb 9(9 orpLb.

(iv) Glr 606166h eq Lb Lon p$6lGoG ! Glegl$pL_ r, u Gorai,n@Lb.

(v) 6rnf66ld ? 25;000-,4j6 pareue Gsn$gl ergl$euuu uohorgr.

I Pg;nqe / Tum over

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22
6068
of March' April' May 2015 Irom the following
Prepare a caeh budget for the month
informatlon :

Adminiskation and
Selling exPenses
(
75,000 1,s0,000 1-,20,000
January
1,00,000 1,35,000 1,35,000
February
85,000 1,75,000 65,000

April 1,25,000 1,20,000

May 1,40,000

is < 80'000'
(i) Expected cash balance on 0103'2015

o'I two months'


(ii) Suppliers allowed a credit period

to customers'
(iO A credit pedod of one month is allowed

(19 Expenses are paid in the same month

(v) Sale oI fixed assets t 25,000 in APril

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23
6068

57, 6lf ei;i pgLoLb { 100 6)9p6 40,000 Lr rEr (g 6 6i) 6fl. Clor orfl u9 r,r5l. Glpnare
Sp6eaim-arnp Glegt$puur Gorain@rb.
o8airiarruu$$len Gunqgg] < 20

ggrri;Srrqein Glunqggl ? 50

G)p6)n6ugt elarprlr9leiir Gungl < 20

$gp etarpur9ein Gungl a 10

uru4geoir alooar$g Lb e,gloinarL:r-glisulr@ ggrig@


Glsulu ij uuu6,0l. zfiut
196lo erg"npgl GlpnarsoqgLb A,,p"r,.r-i196tLGur@u u$orloeir
ff
GoglLb erordd 66iir6(g, urqrg g:peil s6dr&g ,611,a
pgs.
punri 61eure.
6g,iq 6IrrJ i95f
"q
Green Ltd. issued 40,000 shares of < 100 each payable
as follows.
{ 20 on application
{ 50 on allotment
{ 20 on fust call and
I 10 on final call
'The shares were
applied and allotted in Iull and the money was received in ftill
Pass journal entries and prepare Bank Accoua!
ifl tiIne.
Sflar= Cupituf a"""rrrrt ui_rI utlo Srt*.n
Sheet-

-oOo-

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