2.14 plus two sep 2014 accountancy

8/9/2019 2.14 Plus Two Sep 2014 Accountancy

1/25

No o{ Pri

nted

Pagl's

: 24

607332

4518

u$i6)l

6r6i'm

Register

Number

GT

irLi

r

lr,6iJi{l

I

Time

,{llowcd

:

i}

llodls

l

PART-III

66u'6rli:(guuSleflua:

/

ACCOUNTANCY

(o,6l$

LolgLo

+mdeu

arU

,/

Tamil

&

Engiish Velsions)

I

GLon$p

Lo$uGrai,rseir

:200

lMeximum

N4arks

r 20C

-lt6D6irg6t

orgleo

nr sqgLb

eilLure

l$errd

*eirenp;n

ereirilpeoelr

erflrri$,gto

Gsnoirora4Lb.

"9e+Lru$er9lc"n

15orp

uQ

6

u

r- )

eir

elolpti

,s ains iraflrr

r-l ncn fl

u

L-b

terquns$

Glp

rl e$

ris

eq

Ln

$eu

Lb ..stdeug

sg r-l

q

eo rougeocn

Lo L-@GL-o

a-qgg

erpd gLl

Lr

Lr

r6tru

@Sp

Garain$ Ln

Lr5rs6ir

crr6i,

[6rippg

6

ueiflel

Lu

cir

@$pe Lb.

Check

the qlrestion

paper

for fairness

of

pr.intitlg.

If

there is ar'y

lack

of

faimess,

inform

the

Ha1l

Supervisor immediately.

Use Black

or

Blue ink

to \arite

and

Pencil

to dmw

diaSrams.

www"kat\riseIai'corn

gtdlellsor

,

\r

)

121

(2)

lnstructions

:

(1)

u66l

-

"91

/PARr

-

A

gdl"'-.1,

(i)

;116o6119$

crllainrioqryigrb

a9ar:uraflriseq6.

(ii)

sr6o6nJi$l

erSleor'Betgnrigrb

eoLonso

o$[rGrai'r'scir'

Note

: (i)

Answer

all the

queshons

(ii)

All

Questions

cary

equal

marks.

t.

Genq.

u

$),

eeren

jltlr.a

:

Fill in

the

blanks

i

1.

"9

L6669166)6u

€i616Dgl

afleoeu

@$le

crg

geopGeun

el$P

o$eoruu9el

@tg$)

e[rig

LopLrL9rLrr@Lb.

Closing stock

is

value.l

at cost

Pdce

01--

price

rvhichever

is

lower'

15x1=15

www.kalvisolai.corn

I

pgLrqe

/

Turn over


2/25

4518

2.

2

,6lor

.unr,b

@aonr

prr aeor66la5l6$g

66in66lpg

-Dnoq,

J,

JrDgl

Net

profit

is

transfeDed

ftorn

profit

and

Loss

Account

to

_-.

-

Account.

l.l.2utr6'0

I

,"

rrelgl6i

J

+

*U,

u:T

O

q.00.000.

or.

rq

6S6Lb

+6r,,

O{ig

:%

.

"r

"egd,d

sl

o

30.000.

31

t2.2f

t\.+eirg

$geDer

er,--q

(i

'Irrai

B.tance

shows

a

banh

ioan

of R

Ir'or'.'1

o,;,v

n-.

ro.noo

"1.,"r..i

Jr,.il-

l:00

900-@

l0o'

inlerecl

a\

on

1.1

20t3.

)nd

ng

is

Rs.

'.

_-

a\

on

]t.t2201J.

aflsrrLrlrrr

g)g)]S

Clgni,Gpnrrio

grga.a,,

d.

gt$l*rn,

6onlq6ir

-__

er@Lb.

If

aCjusted

closing

capitai

is

more

than

openmg

capital,

it

denotes

5.

^u

"6en

glo

Jt.l,o

aoggai

b

rg

alrs6-,

o.

c0,000.

srg6i,r

G p;6b

o.

25,000

::l- ,:6d:4o

6o.gsrie#

re

.

_-

+elb.

\

Jrrm

hrr

liJbilrtie.

R,

h0,000.rnd

capirat

ns."i,OOO.

Then

rts

assels

rs

6. gpg6o6 rfgl

GpurroronLb

soIridu

rueinr@$pLr

r@61pg.

-

method

of

depreciation

is

used

in

the

case

of

a Lease

8.

7.

9.lP,l:{::3,ua,1r

oseoeu

o..

1,00,000.

eeop o6tDp@


3/25

61L

L

n6li

@6Lraor

3

aaurilgseir

6rf64

619r-rq

.sr6l6Dgl uEg

4518

15x1=15

11.

15.

14.

onr@Li.

13.

Paltners'

Account

may show debit or

credit

balance

12. rdlri.ggl

p[r

pLLb

@6nq

$]aoeu

qg$lu19a;r

Ggreirg

Lb.

uBs$peir

Undishibuted

loss

will

appear

on the

_

side

of the Balance

Sheet.

Clrng

jue

e-

air Lo$lur

.9

6s,fl

-

r

_

\Mlen

the value

oI liability

increases, it

results in

@enLo

nqqLb.

arLrr1

ggcu-

Grng or@Lb

Geraflu9rLrr@rb.

ReseNe

capital

can be issued

only at

the

time

of

_.

gO

0gLoLb A6i'rg

O.

10

LDSILTLI6DL(Lr

1,00,000 LrEr(g56D6r

Glrng

Lo&oq96g

Clorofl

u9 rr51.

€ldrDdl6

70000

Lrr6r(g66o6n

Lou@Go

Grn51

ro6seir

orrrErs

6PLrL-dGs

r6iid

o

etnflE

areug$eiir

9r'

r

r-

(9Dgdu

g.

.

q(g,b

A

company issued

1,00,000

shares

o{

Rs. 10

each to

the public

but only

70,000

shares

were

subscfibed.

Its

subscribed

capital is Rs.

eflu

rn6ii

6,9l6.rue)u r

Gpir$Glp@$g

oq99o.

Choose

and

wdte

the

corect

answer.

16.

gr6ir6,L+Gur

6leg$pu

snrrdO

_

II.

(er

)

Clon$5l

Prepai.l

insurance

is :

(a)

an

asset

(q)

GrrgLrq

(b)

a

liability

+oLo

(@l)

orgLonenLb

(.)

an income

.L7,

2013,

Lori6

31

sl6in6opur

@gLrrnuroflotrurg

uSreu

ouenroflsoir

O.

60,000/-.

ernpndsreiri

fD.4,000

GLrr66l6(gpuur

Garair@Lb.

10%

aSpLb

er.:nqr

Eurd,,5L6i,r

ggt6,Slpg

ggtrioLrIr Garainrqur

Gpnaro

qg._ g6Li.

(gr

)

s,600

(+)

6,600 (g)

6,000

The hial

balance

on

31.3.2013

shows

sundry debtors

Rs.

60,000/-.

Bad debts to

be wdtten

off

Rs.4,000

and

provision for

bad

and

doubtful

debts @ 10% is:

(a)

Rs. 5,600

(b)

Rs.

6,600 (c)

Rs.

6,000

www.kalvisolat',cOrn

I

$grqe

/

Turn

over


4/25

4518

4

18.

sL6i'T Gloncirgtpeoeu

c1lt

ul

Lpcrlti

s6iir6g

(et)

6lupgf

gflul

Lon$ge

Sr@

oeorrig

t

4

C

o-ie+

dt 6n

"^a6

o6dtri.€

l@; CtLo.ri+i

d elfgcs

.

6 drri

g

Credit

purchase

is

obtained

fiom

:

(a)

Bill

Receivable

A-ccount

(b)

Iotal

Debtors

Account

(c)

Total

Creditors

Account

19.

2013

4s6lri

3i6i

6l6.r.rdfl56,ir

0.2,00,000.

gt

6il6r

r6iir

q6l

sL6fitr6rfl66h

6..6lOpg

6)rpLrr,rr

GTnrioLir

g.

3,00,000

6r6ifl6l

st6ir6lr6rjrqdJl

6L6ii

e,9d

-

er.er

,,,c.

-

g

qd)

(sr)

2,00,000

(+)

3,00,000

(g)

s,00,000

Debtors

on

31.12.2013

is Rs 2.00,000.

Cash

received

from

del:tors

during

the

year

is

Rs.

3,00,000.

Then

the

credit

sales

dudng

the year

is

__

_

(a)

Rs.

2,00.000

(b)

Rs.

3,00,000

(c)

Rs.

b,00,000

20.

S6np$gl

Geen

@glq

groopugeL

Gpuronerri

I

(et)

+omGt

Gpngro

garpqrir

(+i

.ZairG

Gp,rg

-b

sjgolo

r.96

(6t)

garrr@

Gpr,gLb

peoeuu.l

no

@g&gLlr

Under

diminishing

balance

method,

depreciation

:

(a)

decreases

every

year.

(b)

increases

every

year.

(c)

consiant

every

iear.

21.

(E.3,00,000 Lo6lu qonen

Gteng$ein

Lo$Lrq,

gairri@d;1g

10?6

6t p6

epi.GErLO

gcop

u9eir

Gp

ul

Lo

norLb

$do

I

I

@

d

p

g. geinp

rLb gai,,r@

6r

gS rll ni,

+i6ta

-grtreir

ar

Q

o$

jq

1;.

_

+g,n

(sr)

2,10,00c

(sJ)

2,40,000

(gt)

2,70,000

Cost of

an

asset

is Rs.

3,00,000.

Rate

ot depreciation

10%

per

annum.

Depre.iation

is calculated

under

sh.aight

line method.

Book-value

oi

asset

at

the

end

of

third

year

rs

:

(a)

Rs.

2,10,000

(b)

Rs.

2,40,000

(c)

Rs.

2,70,000


5/25

4518

22.

.96o6irggl

6r6o5u-l6oL6oLo

ofldlprraqgLb

-

+sB

Cton@dsrr@6'

(et

)

er )d)pnenlLb

(+)

LDLTEO (@

)

epa9prir

(c) Percentage

prLr

q&

6

+n$5

risoflefl6$gl,

6)eeueqsarar

"pppgl

+(5,i,

AI1

solvency

ralios

are exPressed

in

terms

of :

(a) Propoltion

(b)

Times

23.

s[66](DLr

L]

(.r)Bruq

6 en$gl

e eir =

sl6i)6irpgt

o$prn

g:oira'rrg

Gl+gl$$ur

(g)

$rieoLo

Assets

=

Total

cu[eni

assets,

]ess

stock

and

(.i) Current

(b)

Liquid

(b)

Capital

(@)

@oreuurar

prepaid

expenses.

(c)

Fixed

(c)

Sacrificing

l

,4lrnLls

/

Turn

or,er

24,

Gfis,{,

prL

LtutrgLlei

6ir) 6

ul r6iT6llgl -

s'

6.

dl,

-

Clr-.io G'Eg6lo6'l

+,4'd

uG

-ri+

6og.$goei

eei

(@)

$1161rr

Gl1n&s

Gugpcuseir

Lo 96

6og$55eloon

Cash

Buclget deals

with :

(a) estimated

cash receiPts

(b)

cstimated

cash

Payments

(.)

cstimated

cash receipts

and

Payments

25. ri'LLlr6dn6oLDulJel

s'rrnof]soir

eunu

Brr$olp

l6i$9

Gonehol5]

ersl6lp$$lei.

(sr)

sl6xftsgrr6oLur

g:p6b

(q)

gLrq6

Gsnaitr

(@)

eooneot

In

partnership,

partners

share

their

Profit

and

]osses

in

--

ratio'

(a) theil caPitat

(b) agreed

(c) equal

26. e.LLr6Jfl

a6leugLb

Gunq35

storrg6g

Gsr

G6laiar+u

r

6lpr6o66ou

r 5cltrri6ll

punrfltie

Lru@org.

(.et)

19lpel

sat6g (4)

sreh

ooorr&6

($)

C)rlndto

s6ir&g

'Ihe

amount

clue

to

the

retiring

paftnel

is ascertaineLl

b,v

PreParing

his

i

(a) Capital

Account

(b) Loan

Account

G)

Cash

Account

27.

r

6lu-r

o'runofl

Gei&6i)su le

-

semrri61rLru@6p5

'

(et) gpnu e$6pLb

(4) grpa

o6l6lpr;

($)

$uno

e$l6pb

ratio is computed

at

the time

of

admission

of

a

paltner.

(r) Gaining

wWvu"kalvisslai"c$in


6/25

4518

28.

€}llLar6D6&r

'A'

6;

Lrq

(sl)4%

According

to

Table 'A'

\a)

a%

exarpuq

g:einuamr$p$g

oemrridlrLr

r@

Li

arrrg

(-?,)

5%

(g)

6%

interest

charged

on

calis

in

advance

is

(b)

s%

(c)

6%

29.

LrS9[G]r6D6irLD6

6


7/25

4518

g5l

-

€|J

/PART

-

B

t9dl"q

ocoeu

Gu.igl

Lb

u3 551

er9leorneeqg&1g

er9leoruaflBooqLb.

10x5=50

G6rrLLrnO

+Lbu$pLr

rrr oflorrrisqg6lg

ger

6leu

noinflpg6

50

6uri

66op5@&g

r-6lcnr-ool

ofleoruofl.

Note

: (t

Answer

any ten

questions.

(ii)

Answer to theory

questions

should

not

exceed 50

words.

eu nrlnBoueir

ereinpnoi

erotreu?

\^&at

are

bad

debts

?

peoeuufLieoe

ereinpnei eteinan?

What is

statement

of

affai$

?

iogo$luL5r$

greopu )eo

GpurLonenLi

eorddl@pa

u$$l

15fluq

oLrorye.

write

note on revaluation

method of

depreciation.

Gleueirru@ or$6pr

seir uircoer?

What

are

activity ratios

?

35.

6lrrris.

Gl+g$gpeiraafloi.r

qcpg..b

Lpnr:6mrb

pp$reooo

a'gs.

Give five

examples

for

cash payments.

p$Cl

L:ut ereiiip

neu

erehen?

What is goodwill

?

geopuq

pgteoo

6r6i,rptr6]

6.6irT6fi?

What

is

call

in

allea-r_s

?

(i)

(i,

Jt-

32.

33.

34.

36.

WWtii.

ka

lvi

so

I a i.

c

o

ffii

[

6l111ul]e

/

Tur over


8/25

4518

8

38.

SpsngrLb

+rilor@pglrilg

erflsr@Lrr$e1Lb

o$pLb

LonfgL_r

upelLb

pge.

u6g

ourq

O.

10,000.

Give

adjusting

cntrv

and

transfer

enty

for intercst

on

capital

Rs.

10,000.

@p6u

0.

1,80,000

O.36,000

40.

meihod.

Cost

of

fixed

assets

Residual

value

Estimated

life

Rs. 1,00,000

Rs.

10000

10 years

39,

Sgieaiorr

el -lar[E]s6i)6r

Glsnain@

$lgorem$poir

eunu$arp

sainr

fle

:

Clpnrrio

grpeb

O.

1,60,000

@lEd

cl.sni,

610

Lr Ll

o.@pel

CL]rpe

O.

10,000

141at

shall

be

the

profit

of the.oncern

if:

Opening

capital

Rs.

1,50,000

Closing

capital

Rs.

1,80,000

Drawings

Its.36,000

Ad.litional

capital

Rs.

10,000

S$ergtLb

ar ]er

prareeoon

Genain@

GpriGon:@

5T6dor5:

61+n$poirelrdsa,96D6D

O.

1,00,000

6oS

r$"q

o.

1o,ooo

geoglu9ei

GpurLonar

o06lpLb

uuorerfllq

arreurb

10,6x(ELrErs6iT

From

the

following

particulars,

find

out

the rate

of

depreciation

under

straight

line


9/25

9

4518

41.

Lll

6iror.J6r6.rar

$Li;15

+7sd

g

Ll

q

o0

f

I

arar

e$6p$arp

oarr68

@s

Clgnr&s+qr61q

e9.40,000

6ln Al e[r;

e

fft,

]0,000

6e

n&ppc"n

O.

95,000

Calculate

Stock

Tu rover

Ratio

i

Opening

stock

Rs.

40,000

Closin8

stock

Rs. 3i),00t)

purchas-.s

Rs.

95,000

42.

Irl Gl,J'rrf

a-Sg

pnefig,

gair@oafle;;r

e7nefl

cunu.$$eu

U6iag

€ain@

'Clenehr3:go

ereod;

Gsnain$

56in.i6lLL.LrO6lllgi.oLEp

ptr6itl19

+5aiur056tfl6ir

eon

-

ra,sei-.

r9leir

clgLong:

2001

-

O.

12,000,2002

-

O.

18,000,2003

-

0.

15,000;2004

-

U'

14,000'

pf

GL:ufl

ein Lo$rror

sei;nri6@o

Gooduilt

is to

be

valued

at

three

vears pruchase

of

{our

years

average

Profits

The

profits Ior

the

last 4 years

ol

the

firm were I

2001

- Rs.

12,000

)

2AA2

-

Rs.

18.000;2003

-

Rs. 16,0C0;2004

-

Rs

14,000'

Calculate

the amount

of

goodifjll.

43. erllriGrridq,

GorrroGre\

ereirp

ei"rrnaflsoir

g:orpGu-r

4

r

3

o-rgl

Lb et9l$lp$$leir

6unLr6

u6li.ig

6lrEp6nrir.

stfl

6r6irL.r6rci)[

]

s'r@r;;6

Cei$poi

sl6rJis@@)LLU

-9

*",

er

J19Lb oonridl$a

Vi8nesh

and

Venkatesh'"vere

sharing

Profits

in

the

ratio

4:3.

Ilari

was

admitted

with

I

shrre

in

the

profiis

of

business

Calcuiate

the

new

profit

sharing

ratio'

44.

E

pi

oJ6o[ r0]

69r,b

O

10 6SFLi

50,000

Gpi6DLD

urir(9s6o6fl

@

2

GreoarLo$peu

Gl

qr, ;o$$

$

g

Gl erafl

uQ rr5.

6fl

uGr

r$

r$e6leoor p6o

Sddhar

I-td.,

issued

50,000

equity

shares

of

Rs.

10 each at

a

Premium

of

Rs'

2 ior

cash

C;ive

Journal

entry.

www,kalvisolfri.cio?.fi

L

glgrqo

/

rurn over


10/25

4518

10

ugSl

-

gr

/PARr

- c

gdnLl

'

(i)

scp@rlb

A6gJ

erSlerrndeqgrig

er9arru..:oflgoeqLb.

5x12=60

(ii)

a5

-

619r

egerrrer9$g

GLLrlu.jrb

e$eoruofl.

(iii)

GsrLL.rG

eLbu$pLrrrr

aEemnBsqgaiqg

ger,r

Gler

neirifl

p

gLb

150

arri$eopoeir

rSlsnLoel

erllaruuafl

.

Note

: (i)

Answer

any

five

questions.

(ii)

Question

No.

45

is

compulsory.

(iii)

Answer

io

theory

quesiions

should

not

exceed

150

u,ords

each_

45. (.9r)

31.3.2013

+}t6ijr6Dp ur

SgLtlnu.rergeiirL:q

r ueu

otornoflsoir

O.

56,000

erflsL

@oelodr

:

(i)

15.

6000

er.lmryrBordn

GL.ln*Go;pgto.

(ii)

sl6irncrfl66iT

l6gt

5%

arnTn

gurierein

99619

zlgotnriqgs.

(iii)

5L60rr6rfls6jr

rfg

2%

pcirqgrq

gg|]ii6

rq9oun61go.

erilor@

L-l$oqseir

p$g1

$

er.: erg cr

l

u

s

oir

@g$

oerr6

qgs eifl

el eroror

ng

Gpneirrg

Lb

6rem

6nLO5.

91606O5I

(+)

9O,"9

Egr

g$arpr

r$teq

gleopugel

par5l

oarriGo@eeoor

eoeu$$19ri;6p

nri

.

31.i.2011

LoEgri

31.3.20]2

+6lu_.r

pnr_serflel

sqor

qgl

Clen$glsqgLr,

61

L.l

ng Lr qoqg6

Spsainror

ng

6l6,op-,

31.3.2011

3L.3.201.2

o

o.

rpueu

oraf Gpnri

15,000

30,000

=)l6DD

.166 6ir

15,000

15,000

srernoiscir

75,000

1,00,000

+7ri6lgLrq

35,000

s0,000

67nrio

@191rq

5,000

60,000

ayeri

axeiarrainqel

O.

15,000

6,GB6l

gpo

@rrnf.

slori p6ngl

6len6p

Cleeuolllons

19.

35,000

$t1rrLolr

er@$gri

Gorainrri.

2011-12

+ai,rqE6n6ir

ernl6

geleugl

9116

onaine

I


11/25

11

4518

(a)

The Trial

balance

shows on

31.3.20:13,

sundry debtors

Rs.

56,000.

A.ljustments:

(i)

Bad debts

to

be

written

off

Rs.

6000.

(ii) Provision for

bacl arrd

doubtful

debts be create(l

ai

5i6.

(iii) Provide

cliscount

on

debtors at

2%.

Pass adjusting entries and

also

show

how ihese

items

rt'i11

appear

in

the

final

OR

(b)

Tmt.

Gectha keeps

her

books

undel

sjngle

entrv

system.

Assets

and Liabilities

on

31.3.2011

and

31.3.2012

siood

as

follows :

31.3.2011 3L.3.20L2

Rs. Rs.

Sundry Credito$

15,000 30,000

15,000 15,000

Sundry

Debtors

75,000

1,00,000

Stock

15,000

50,000

Cash Balance 5,000

60,000

She

introduced

an

additional capital

of

Rs. 15,000

duling

the

year.

She wiihdrela'

Rs. 35,000 for

domestic

purpose.

finLl

out thc

profit

or

loss

for'

2011 12.

46, Gp

Lonen$$)Lg or

6or6t 6

&aem

-b

p..;o

GproneuLb

$d'o

Gor

air

4upcin

Gp6o6 66iT

ur

11606r?

Define

depreciation-

What

are

the

reasons

for

providing

depreciation

?

47.

6

j

n6s.$$rrrrquroSain

p6i,T66Lo.EdT

LDD0]ri

B6iir6obs6D6T

6dlarfl.

Explain

the

characte

stics

and

advantages of

Clash Budget.

48.

Slurns

or5l6tpg$l gLb,

gpnu

er9l619$$

$19r6leo

rG u

rohar

Geugun@eoir

Distin8uish between

sacrificing ratio and

Bail)ing

ratio.

wwu/,

kalvisolal.caifi

I

gg;rqo

/

rurn over


12/25

4518

t2

49.

,rr.o

€)16;

Csn

10.1,2010

stchor

O.5,00,000

LoS

Lr

Ll6ir6rr

Srrr$$)pLb

geireop

ornraSlus.l

99:cbr|,r

g

er1r

[:i]o

oir

uucirru(]$purrr

Lllp6

el

cn

ei )

u.[$1p

L-ir

O,.

3,00,000

69 or9 oLrL-rl.9.

.s,,,oiin@

Gpng6

10r;

GF,,tGsjn

L6t(g@)11lLrg6.c

GpiiLrnerrb

$6oLl

rrr5l

qairn@

GgngLb

saurir6qaoir

onrie

3t

ci.r

grrr;ritr.-

r rrgt

$,r$p1

Lopgrir

GpLuoncrr

oarri19o6D6rr

3 g6jcrOetld({

purnir

Gleu-r

s.

Ram

&

Co.,

purchased

a

macldne

for

tis. 5,0U,000

on

1

04_2010.

AIter

having

userl

it

Ior

thrce

yeaN,

it

(.as

sL)ld for

lts.

3,00.00C).

Depreciation

is

to

be

provicled

ari0%

per

annum on

Str.aight

I,ine

Method.

Accounts

are

closed

on

31st

lllarch

of everv

vear

Prepare

Ma.hinery

account

and Depreciation

account

for

3

years.

50.

EGp

Glan@J,sL-r

r@eiron

eliarr.n

saflo.5)g1igt

GlLonpp

o.rnr

erlildpLb,

fup

oonLr

o )6196

LoggLir

$luris

eunr

o$6lpLb

gdluorlop

oain@r9rqtse

:

er icrlriatucir

er.

eri renor

1,00,000

Clorr.$p

eln-

Lit

30,000

flirolrru

6t+euequoir

i,000

erlif reoori

G)+aor.qu.ch

2,000

$u:$p,"Lt

er9ip$6

purrir 800

6r p

I

rursnpnur

Lit

400

,$io7

or

uLb

26,600

From

the

follofing

cal.ulate

Cross

Irrolit

Ratio,

Net

prolit

Roiio

Ratio:

and

Operatilg

I,rofir

Particul:rrs

lis

Sales

1,00,000

Cross

Profil

30,000

Adfirnistrr

t1\,c

c\

pen

jl,s

r,000

Seiling

erpenses

2,000

Loss

on

Sa1.-

ut

l,hcJriney

E00

Dividencl

Rereived

400

Net

Profit

26,600


13/25

13

4518

51.

X,

Y

6r6rnD

s^L:.Ln6fledr

Or6DDGur

3

:z acitp

er$dp$$cl

eunrLi

udiri$g

Crenehar

z-

oirirrgl

e LLtr6ftr6rlLo

1619

cl

oalib

J,l6olLDEp60ri'

2012

'"TLi

lr60

1

e1

6i'19

-9or

61qI6iL - (iri

6ir

qrl6npC -

O.

2,00,01'0

top9]i

0

1,50,0C0

-+gLi

erflor

fi]gcieq5dg

19e;r

.+ppgeroar$$l6ir

2013

Loni6

31

prGorrr@

0)qbrr6rnLu-lLb

JT.ir-

6;

rLlsI6r

rLr Lir (5

,?5,ct10.

19g,cn

159

err-q

r;%

'sloilri;oLrr$Lb

+xorrisair

6r,O-tE'n

6rpLn

=21ai,

r@ eorpuLb

Bcun

O

10,000

q,g6

gri gotrLgeo

'X'

Gl-$Lb

egleq

e5

1050

-e1Ep

qrdidrGl

'x'o$r.ip

Opnoo

(D'

20,000'

Y 6ropp

Gonaro

i5.

15,000.

.,rotrrl

LEgl

c)]Li-rq

X li(q

U.

600,

Y

d(q

0'

450'

:013

LDlrn{i 31

=96ing

L6ir6nirq a'rrneiflgoflein

o)trL]

pLL

L]6lrio4

ooro

rig

Lolgril

(11661

66.iri6rD6u

l

Lb

puni

6ou-lo.

X and

Y

are partners

sharing

l'lofits

in

the

ratio 3

: 2

Their

caPitais

on

0:1

04

20i2

were

Rs

2.Ll(.r,0r-111r

and

lts

1,5i1.i100

rcslectil'elv.

The

net profit of

the

flm

{or lhe

vear

end-.d

31.03.2013

before

maLLrLg

adluslments

io1 the

items

helot' was

Rs.

75,000.

Interesl

on

caPital

is

at o";

p"r,.n'-,-'

they are

entitlc'l

n

8et

a

salary o{

Rs.

10,000

each

Per

annum.

'X'is

to

8et

a

coifinission

of

Rs'

1050 :rer

anmrm' The

dral,ings

c,[

lhe partners

rrere'X'

Rs

20,000

an.l Y-

Rs' 15,000

ht'

resi

on drawings

were

X

-

Rs. 600

and Y

-

Rs.

450

l'repare

Profit

and

l-oss

apProPiation

account

and CaPit;rl

Accounts

as

'rn

31'3'2013

52.

[n4r

ereoqruEl

r6lq

roLo

g]DgrLb srelr .+6 GLrOrD

{i.

10

(r6LoSlLrLl6oLur

1,000

,

rEr(q66o6n

6p6

gl6I)p",1

16.3

Gegj$pnp

oirlew$$lenncl

ggLrr9pLrq

i+rirsenii.

$6a,:

800

,r;r(q66r)6r1

L. rar(j,srrdr'g

og

O.6

6Spb

GpQgorgLn

.iegr.$pLrrL

r r,t'rl5oorro

Log

6i6u6r|dllj

LlaLrit6g

GgeoorLureo

g,nil GLrL

(il .l$leleoir p$5.

rlmi9

991rd)'puq

oaod;g

Lo[g

tir

groo0am

snLr.-l

56Erd,(q

puriri

Glsur6

liaja Ltd.,

forfeited

1,000

equity

shales

of

Rs. i0 e;rch

ruil)

ca11eci up

on

which

final

'all

ofitn

:

h".

not

been

faiLl

Oui

ol

ttrese

800 shares

w'ele

re-issuer'l

at

Rs 8lrer

shaie

creditecl

as fully

paid

up-

Cive

necessary

Joumal

entries

and

prepare

LedBer'Accounts

fo

Forfeited

Shares

Account

and

a-laPital

Iieserve

A.rolrnt.

www"kalv sotal"eG&1

[

$6uqo

/

Tum

over


14/25

4516

u(gF'l

-

lr

/PART-D

g4 iq,

oeoeuGurgl-Lb

g:6irr&l

o$orrrriclggrig

e$eoruafl.

53

6 91

6, l6nr6, l$19

erunu:rb

o6loruuafl6.s

Gar"*@i.

"

""

""v

3x20=60

Note:

Answer

any

three

questions

includrlg

question

no.53

which

is

cohpulsory.

1-4

53.

(sr)

$lg

lnLb-"eaerrisen grqganLoGlrp,r

@rrorrLr

r$)oq

Cr6np

clt+rrlr6oltrll6i

s^6rir{ieoG)s6D6r.

rsnorfl

g51

orlg6lpo,i.

S+{Eirg;,b

^6er.liri--*

G*"*6,

2012

^rrig

31dr

prrc6Tnt)

Gp^q'oreorqri

=grmr6;;gflu

o6)urL:nq

eunr

pr_r

66iir6(5

LDIDEILiT

"steinaopur

610Lrq

peoeo

1qflLr"r*",i

CLr"

Lolp

o8o.:6dooir

:

1-4-2n11

31-3-2012

egddlgrl,rl

1,10,000

uSuo

e,r-ornofloeir

2,75,0A0

27.5AA

3,85,000

gloopeourin

11,000

LrriLr6u

sL6rfEGSri

r,65,000

7,92,500

er(f

Lr

q

ooir

CLDp

gohqgrE

16,500

.grofll;p

g6neglr

q

uei-,er-teos

6loeuelooir

38,500

6L6iflicgri{i(g

ererfl$g G7r;{i,sLil

4,95,000

s

relrneiflsoflu

dlgri,gl

G1L-lf9

Gqrr.6sLo

5,3E,500

67ndo

er9l$rieoorr

.9]

6U

6U6t


15/25

15

4518

(.a) A, B

6T6irp

e1LLr6ri56iT

0r6opcrir

3:

z ereiirp o6161p$$eu

@ornu

pru6

rdri$5l orp;poarri.

31.3.2012

Lb

pnaro.ru

$19Lrq $eoeu

19fluq

$

ein

6r(5lDtl0]

:

6lr

ng Lr

q

sdr

u

Cl .+

nri

.cr d s 6iT

o.

Gleg$gl9 gfl

ul

Lon$gle8r@

75,000

G

qnrisr-ir

15,000

6

L6rf iGFri

1,20,000

en6SgLrq

30,000

6L6dTS6IT

1,35,000

s

relrn afl soir

1,50,000

C)r

ngl

s; rrurq

45,000

6ulr5l1b

75,000

ClPP6D

56idr6(9s6lr

\

3,00,000

B, 2,25,000

5,25,000

4,50,000

1pg6$@o6ir

1,00,000

nri6lruri

80,000

q,00,000

q,00,000

glouirseir

2012

qUtr6l

1

€l6i,rDl

'C'

6r6hLl6J6orl

Spongr

h

l

erf or@gduaqor5rigrr

r@

i

ur

dl 15

a.rrnafluno

Geri$gl&

6leneiror

gLrq Gonat,reoi

.

"

(i)

'C'O 1,50,000

0rpd

6onaior@

erl

Gorair@Lb

(ii)

FDG]Lruri

O.

1,00,000

6r6ir

LooLrLSLLrL.rL

L6ir6ngl

(iii) sl+Lrb

rfg

q9. 20,000

GpurLonorrn

$ri;gorgl

(iv)

er#$Gpnrflel

(D.

30,000

GLrr6Gioppirru

Goroi,r@Lb

LogLo$Lrdr@6

s6ddT&6,

GDp6l

56ilr.i(966ir

Lo$gLb

q$u.r

eo'rrrai'neorou9loin

@gLrq

peoru

gf)Lrq pu.lnn

Cleurs.

www'kalvisolal'coffi

[

611q,.,,-]5

/

Tum ovei


16/25

4518

16

(a)

lvtr.

Ram keeps

his books

on

incomplete

double

entry

system.

From

the

Iollori/jng

de-tails

prepare

Trading

and

profit

and

Loss

Account

for

the

year

ended

t

'r

Vdr(l-

2017

and

BaJan.e

\hpet

d.

or

Lhat d"rc

Particulars

1-4-20LL

31-3-20't2

Stock

Rs.

Rs-

1,10,000 55,000

Sundry

Debto$

2,75,440

3,85,000

Cash

27,500

44,000

Fumifure

11,000

i

1,000

Sundry

Creditors

1.65,000

1,92,500

Other

details

:

Rs.

Drawings

44,000

Discount

received

16,500

Discount

Allowed

11,000

Sundry

Expenses

38,500

Cash

paid

to

creditors

4,95,000

Cash

received

Iaom

Debtors

5,88,500

Cash

sales

5,500

OR


17/25

4518

&)

L7

A

and B

were pa*ners

sharing

profits

in the

ratio

3

: 2.

Their

Balance Sheet

as

on

31.3.2012

lvas

as follows

:

I-iabilities

Rs.

Assets

Rs.

Bills Payable

75,000

Cash

in hand

15,000

Creditors

1,20,000

Stock

30,000

Loans

1,35,000

Debtors

1,50,000

General

Reserve

45,000

Machinery

75,000

Caprtal

Accounts

A

-

3,00,000

B

-

2,25,000

5,25,000

Brilding

4,50,000

Investments

1,00,000

Goodwill

80,000

9,00,000

9,00,000

on 1st

April 2012

they

agreed

to admit

'C'

into

the

film

for

pro{its on

the following

terms

:

(i)

'C'

to

biing

Rs.

1,50,000 as

caPital

(ii)

Goodwill

was

valued at

Rs.

1,00,000

(iii)

Depreciate

buildnrg

by

Rs.

20,000

(iv) Rs. 30,000

creditors

to

be

wdtten olf.

Prepare

Revaluation

Account,

Capiial

Accounts

share

of fufure

and the

Balance Sheet

of

the

1th

5

wwvtikalvisolai'Gom

[

619l,qs

/

Tum

over


18/25

4518

18

5a.

pg.

Gloei+arrq

6r6inu6)rtrg

E$oainu

@guunurnIl"SOpg,

31.12.2013

Li

Ercorrn@

g:+6.19rh

gainqponor

$9p6

oau.6lgooir

pu-rnri

Gauro.

3'1.L2.2A1,3

Lb

pnoreineop ur

@qLrunu:o4

Llmml

or

tr6ll

e61er

7Lb

0.

eflor

ry6

(t.

eosullq9Lrq

Glqn{ioLi)

65,000

Grp6')

2,00,000

arrar6lu9Ouq

6l[r6slb

17,000

e$fuaror 1,60,000

610

L,

Ll 40,000

45,000

s'e6l

10,000

6e

noir6pgei.r

20,000

e66611r5Lr

q

(01.01.2013)

60,u00

6LIqLLD

1,00,000

uf

uou

ouonnoflseir

78,000

olr-tL6D6

7,000

6Lng1&

Gl+eueqseir 8,000

4,05,000

4,0s,000

eflsu@peleoh:

(n

(ir)

(iii)

(i")

(")

lag]6

s[66](Eult

O.

s0,000

er@Lrr9ein

rfpnen

6rL+

gdir0&6

5%

+rrgtLo$[is

ourqrLi rf5j

GpdLonarLb

+o6rodjg

10%

.glgltDpBg

( D6iir

erL+ Ceg$$u

6lnL6D5

O.

1,000

Clsn@Ur

Golainrqur

e,6r5l

O.500

oreos

Gleuro.


19/25

From

the

following

T

al

Balance

o,

Mr

vear

endinE

11.12.2013.

L9

Kennedy

;uepare

the

4518

final

ac.ounts

for

the

Cr

Trial

Balance

as

on

11.12.2011

Dr

Adjustments

:

(i)

Closing

stock

Rs.

50,000.

(ii) Interest

on drawjngs

5%

to

be

provided

(iii)

Depreciate

buildings

at

10%

p.a.

(i\,

Prcpaid

Rent

Rs.

1,000

(v)

Wages )ret

to

be

paid

Rs.500.

Particulars

Rs-

Particulars

Rs.

Cash

in iland

65,000

Capital

2,00,000

Cash

at

bank

17,000

Sales

1,60,000

Drawings .10,000

Sundry creditors

45,000

Wages

10,000

Putchases

20,000

Stock

(01.01.2013)

60,000

Buildings

i,00,000

Sundrv

Debtors

78,00a

Rent

7,AA0

General

erpel.es

8,000

4,05,000

4,05,000

wwEv,

${a

vi ss

I ei i.r: 0 [n

I

6


20/25

4518

20

55.

r9einargLb

@guq

pareud

g$lr

Lller5l6g$gl rgein

erlgeroner$oop

sor&61@o.

(i)

pruq

er96)pnr

(ii)

$neoLo

er96lplir

(iii)

ltp

+16lr

Clrnguqseir

o6l6lprb

(iv)

zfleor Lo

u.:

nonri

o,9l61pLb

2010

nnri,i

31

tn r.6D6rrr

r

6)rmLlr

r peoeu

19fl

n

q

D

6lrngLrqsoir

o.

Cle

nd

sr

ii s

6ir

o.

uiir1g

gpeir

1,40,000

$leoore

G+npg6ooir

1,30,000

e

nrl

qoeir

10,000

ert&6lglq 30,000

5L6dr66fl

75,000

60,000

sraf$Gpnri

50,000

20,000

eumrdl

10,000

10,000

p$Gluuri 35,000

2,85,000

2,85,000


21/25

27

From the

following

Balance

Sheet

calculate.

4518

(iii)

Debt-equityratio

(iv)

PIop

etary

ratjo

(i)

Curent

ratio

(ii)

Liquid ratio

Balance

Shee{ as on 31.3.2010

Liabilities

Rs.

Assets

Rs.

Share

capital

1,40,000 Fixed Assets

1,30,000

Resewes

10,000

Stock

30,000

I-oans

75,000

Sundry Debtors

60,000

Creditors

50,000

Bills Receivables

20,000

Bank

overdmft

10,000

Cash 10,000

Goodwill

35,000

2,85,000 2,85,000

Www"kalvisolai.conr

[

$lqguqs

/

Tum over


22/25

4518

22

56.

E5 srgtLb

or9er,

r",

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20t3

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sreine$$reoen

flD.

suein

Gs neirqppei;

0t.

sd6l l

(rD.

qrv(jD 2013 2,50,000

1,80,000

25,000

Q6

2013 2,65,000 L,25,000 10,000

BO6ir

2013 3,25,000

1,75,000

25,000

g9eoar

2013

3,75,00A

1,90,000

15,000

eL66iDL

2013

3,50,000

2,25,000

20,000

eropdD

S56)r6jr66ir

:

(i)

2013

goein

1

el

61qn6s

oOLrLt

O.

1,20,000

(ii)

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eq&eerfl$Gpnn

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23/25

23

From

thc

lolluwing

informatton

prepare

a

August

2013.

Cash.Budget

for

June,

July

and

4518

,{dditional

in{ormation

:

(i)

Opening

cash

balance

on 1st

June

2013

_

Rs.

1,20,000

(q

Pedod

of

credii

allowed

to

customerc

_

one

month

(iii)

Period

of

credit

allowed

by

suppliers

_

two

months

(iv)

Lag

in

pa).rnent

of

wages

is

one

month.

(v)

Sale

oI

machinery

Rs.

40,000

in

Julv.

Month

Credit

Sales

Rs.

Credit

Purchases

Rs.

Wages

Rs.

Apdl2013

2,50,000

1,80,000

25,000

May

2013

2,65,000

1,25,000

10,000

Iune

2013

3,25,000

1,75,000

25,000

Itrly

2013

3,75,0A0

1,90,000

15,000

August

2013

3,50,000

2,25,000

20,000

,wrrvv"

ka

lvisol a i.com

I

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/

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over


24/25

4518

24

57. rnrr

6rr6orlurpl

$lgJLDLb

liuGsneiirgt

O.

100

OD6LodllL16nLU

30,000

Er(gs6o6n

(r.

20

0D6D6nLD96lei

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6)pnooa;

19oin

orqgong

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er9lainarnI$$leh

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rlt

25

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)

O.

45

o]pci

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ereopur9ein

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rr@

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ul L, rr

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r@

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6pnonosqg6

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gru

u rram

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ouruCl

aarr&g,

rp$)r

goeoomLo

sordg.

ro$gLb

@tgLrLr

pareu

gflLreorulib

punriris.

Baba

Ltd.

Company

issued

30,000 shares

of Rs.

100 each

ai a

foliows

:

On

application

On

allotment

(including

premium)

On

Ftust

call

On Final

call

A1l

the shares were

fully

subscribed.

Both

the calls

were made

and

all

the money

werc

duly

received.

Pass

Joumal

enh.ies.

Prepare

Share

Capital

Account,

Bank Account,

Securities

premiunl

A.count

and

Balance

Sheet_

-oOo-

premium

of

lis. 20 as

Rs.25

Rs.45

Rs.25

Rs.25


25/25

4518

57.

24

urur

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100

O16LoSluLl6DLU

30,000

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g. 20

geoeoLo$pel

Glororflu9ru51.

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r9

oin

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ein

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25

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((lDooenLori

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25

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25

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oum6i

samriq.

LrS6lI

Oj6D6urLD

s6llrsg,

toDDILb

@l6nq

f

eoau

6SlleouqLb

guirrflBs

Baba

Ltd.

Company

issued

30,000 shares

foliows

:

On application

On

allotment

(including

premium)

On

Ftust

call

On Final

call

A1l the

shares were

fully

subs.ribed.

Both

duly

received.

Pass

Journalentries.

Ptepa

re

Share

Capital

Account,

Baik

Accoll.nt,

Seclriities

I+emiulll

Account

and

Balance

Sheet

-o O

o

-

of Rs.

100

each

at a

premium

of

Rs.

20

as

Rs. 25

Rs.45

Rs.

25

Rs.25

the calls were

made

and

all

the money

were

2.14 plus two sep 2014 accountancy

Documents