607332

No o{ Pri nted Pagl's : 24

4518
u$i6)l

6r6i'm

Register Number

PART-III
66u'6rli:(guuSleflua: / ACCOUNTANCY
(o,6l$ LolgLo +mdeu arU! ,/ Tamil & Engiish
GT

irLi r lr,6iJi{l

www"kat\riseIai'corn

I GLon$p Lo$uGrai,rseir :200

Time ,{llowcd : i}

llodls l

gtdlellsor

\r )

Velsions)

lMeximum N4arks r 20C

-lt6D6irg6t

orgleo

nr!sqgLb eilLure

l$errd

*eirenp;n ereirilpeoelr

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
Lo L-@GL-o a-qgg erpd gLl Lr r6tru @Sp
$eu Lb ..stdeug sg r-l q eo rougeocn
Garain$ Ln ! Lr5rs6ir crr6i, [6rippg 6 ueiflel ! Lu cir! @$pe!Lb.

erflrri$,gto

121

lnstructions

(1)

(2)

Lr

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.

u66l gdl"'-.1, (i)

Note

t.

(ii)
(i)
(ii)

Genq. u

/PARr - A

;116o6119$ crllainrioqryigrb a9ar:uraflriseq6.

sr6o6nJi$l erSleor'Betgnrigrb eoLonso o$[rGrai'r'scir'

Answer all the queshons

All Questions cary equal marks.

$),

Fill in the blanks

1.

"91

eeren

jltlr.a

15x1=15

afleoeu
"9 L6669166)6u i616Dgl
o$eoruu9el @tg$) e[rig LopLrL9rLrr@Lb.
Closing stock is value.l at cost Pdce

01--

@$le crg geopGeun el$P

price rvhichever is lower'

www.kalvisolai.corn

I pgLrqe

Turn over

4518
2

,6lor .unr,b @aonr

-Dnoq, J, JrDgl

2.

prr aeor66la5l6$g

Net profit is transfeDed ftorn profit

and Loss Account

to

66in66lpg

_-.

Account.

l.l.2utr6'0

I ," rrelgl6i J + *U, u:T O q.00.000. or. rq 6S6Lb

- +6r,, O{ig
l:% . "r
30.000.
31
t2.2f t\.+eirg
"egd,d sl o
$geDer er,--q
(i

'Irrai B.tance shows

a banh ioan of
Ir'or'.'1 o,;,v n-. ro.noo "1.,"r..i

l0o' inlerecl a\ on 1.1 20t3.

a\ on ]t.t2201J.

900-@
Jr,.il-)ndl:00
ng is Rs. _'.

aflsrrLrlrrr

4.

g)g)]S Clgni,Gpnrrio grga.a,,

gt$l*rn,
er@Lb.
If aCjusted closing capitai is more than
openmg capital, it denotes

d.

6onlq6ir

-__
5.

glo Jt.l,o aoggai b rg alrs6-,

o. c0,000. srg6i,r G!p;6b o.
"6en
6o.gsrie# re . _::l-!,:6d:4o
+elb.
/\ Jrrm hrr liJbilrtie. R, h0,000.rnd
capirat ns."i,OOO. Then

^u

25,000

rts assels rs

6. gpg6o6 rfgl

GpurroronLb soIridu

(9@E

rueinr@$pLr r@61pg.

method of depreciation is used in

the case of a Lease
7.

oseoeu o.. 1,00,000. eeop o6tDp@<n

- o 20.000.
oTguur
9.lP,l:{::3,ua,1r
(l
ue 6ir, 6,
rrsl ,r g.

O
| ,,.
g.,Lb.
or a machjnery is Rs. 1,00,000.
Los,
::]l-t
|11*
on
wiJRs,20000.
valuc ot the machirlerr r<
Book
- "u1"
8.

6l

Lo

n$g

eu

nr$p

$1g Lb, o0$

=+gLb.

r ararrilgLb @ar rGur u nan rpoq

The relationship of Gross profit

to sales is known as

9,

sf&glL_rq a,0$uooeo o8dsrir

ri""*"i*]"". i""* i, #"T,110.

(-

rE

"*a -.

orei'rgLb

etor96oLrrGtdlpg

r l-@6ir 6n s n60L.,s GlTnrie

$irl LU uLtcurd,) s

Cash budget is a useful tool

fr,i

6i 6Fgt.

4518

11.

aaurilgseir 6rf64 619r-rq .sr6l6Dgl uEg

61L L n6li

@6Lraor onr@Li.
Paltners'

Account may show debit or credit balance

12. rdlri.ggl p[r pLLb @6nq

Ggreirg

Lb.

Undishibuted loss will appear on the

13.

uBs$peir

$]aoeu qg$lu19a;r

Clrng jue e- air Lo$lur .9 6s,fl - r

side of the Balance Sheet.

@enLo nqqLb.

\Mlen the value oI liability increases, it results in

14.

arLrr1

ggcu-

Grng or@Lb Geraflu9rLrr@rb.

ReseNe capital can be issued only at the time of

15.

gO

0gLoLb A6i'rg O. 10

_.

LDSILTLI6DL(Lr 1,00,000 LrEr(g56D6r

Glrng Lo&oq96g

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
Clorofl

u9

A company issued

1,00,000 shares o{ Rs. 10 each to the public

shares were subscfibed. Its subscribed capital is Rs.

II.

eflu rn6ii 6,9l6.rue)u

but only

70,000

r Gpir$Glp@$g oq99o.

15x1=15

Choose and wdte the corect answer.

16.

gr6ir6,L+Gur 6leg$pu snrrdO

(q) GrrgLrq

(er ) Clon$5l
Prepai.l insurance is
(a) an asset

.L7,

+oLo
(@l) orgLonenLb

(b)

liability

(.)

an income

Lori6 31 sl6in6opur @gLrrnuroflotrurg uSreu ouenroflsoir O. 60,000/-.

ernpndsreiri fD.4,000 GLrr66l6(gpuur Garair@Lb. 10% aSpLb er.:nqr
g6Li.
Eurd,,5L6i,r ggt6,Slpg ggtrioLrIr Garainrqur Gpnaro qg._
2013,

(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

www.kalvisolat',cOrn

(c)

Rs. 6,000

$grqe /

Turn over

4518

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.

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
2013

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)

20.

Rs.

2,00.000

(b)

Rs.

3,00,000 (c)

S6np$gl Geen @glq groopugeL Gpuronerri

(et) +omGt Gpngro garpqrir

__

Rs. b,00,000

(+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
geinp rLb gai,,r@ 6r gS rll ni,

g.
jq
ar Q o$
1;. _ +g,n
(sr) 2,10,00c
(sJ) 2,40,000

+i6ta -grtreir

(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

4518

22.

+sB Cton@dsrr@6'
(@ ) epa9prir

.96o6irggl 6r6o5u-l6oL6oLo ofldlprraqgLb

(+) LDLTEO
(et ) er!)d)pnenlLb
AI1 solvency ralios are exPressed in terms of-:
(b) Times
(a) Propoltion

23.

(c)

Percentage

eir = sl6i)6irpgt prLr q& 6 +n$5 risoflefl6$gl,

s[66](DLr L] o$prn g:oira'rrg Gl+gl$$ur 6)eeueqsarar
"pppgl +(5,i,
(@) @oreuurar
(g) $rieoLo
(.r)Bruq
6 en$gl e

(.i)

Assets = Total

cu[eni

(b)

Current

assets, ]ess stock and

Liquid

24, Gfis,{, prL LtutrgLlei 6 ul r6iT6llgl

s' 6. dl, - Clr-.io G'Eg6lo6'l
6ir)

(c)

Fixed

uG

+,4'd

(@)

prepaid expenses.

$1161rr

-ri+ 6og.$goei eei

Gl1n&s Gugpcuseir Lo!96 6og$55eloon

Cash Buclget deals with :

estimated cash receiPts

(a)
(b)
(.)

25.

cstimated cash Payments

cstimated cash receipts and Payments

ri'LLlr6dn6oLDulJel

s'rrnof]soir eunu Brr$olp l6i$9

Gonehol5]

ersl6lp$$lei.

Gsnaitr (@) eooneot

ratio'
In partnership, partners share their Profit and ]osses in
(c) equal
(b) agreed
(a) theil caPitat
-(sr) sl6xftsgrr6oLur

26.

g:p6b (q)

gLrq6

e.LLr6Jfl a6leugLb Gunq35 storrg6g Gsr G6laiar+u r 6lpr6o66ou r 5cltrri6ll

punrfltie Lru@org.
($) C)rlndto s6ir&g
(4) sreh ooorr&6
(.et) 19lpel sat6g
'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

(et) gpnu
(r)

semrri61rLru@6p5

e$6pLb (4) grpa o6l6lpr;

'

($) $uno e$l6pb

ratio is computed at the time of admission of a paltner.

(c) Sacrificing
(b)- Capital
Gaining

wWvu"kalvisslai"c$in

l ,4lrnLls

Turn or,er

4518

28. }llLar6D6&r 'A' 6;

Lrq

(sl)4%

(-?,)

According to Table

\a)

29.

exarpuq g:einuamr$p$g

'A' interest

LrS9[G]r6D6irLD6

6<Onq

(g)

5%

arrrg

6%

charged on calis in advance is

(b)

a%

oemrridlrLr r@ Li

(c)

s%

$leneurigflurge

6%

rd;s$$cl

GpneirgLb.

(er) 6lorrggri;o#
(q6) Gr np Lrqoeir

(@) 6lan$51rl;aeir Loggrb GiunlqLrqooir

Secudties Premium

30.

will

appear in the

(a)

Asset

(tr)

Liabilities

(c)

Assets and T-iabilities

side oI the Balance Sheet.

gglLr6lpuLSi scorridlel errloq eoerriouuru Glpnoro g. 1000/_. ggl&puq

Cl+urp rrilgeeoal ogGarofluS@ Gleu.lp orcoeugei pon@",+ g. +OC *rnO
grpe0enl

(er)

40{.)

onuq O.

_.

()500

(6r)

600

The amount credited to share forfeiture account is Rs. 1000/-. The discount
on
re-issue oi fofeited shares is Rs. 400. Capital Reserve will 6e Rs.

(a)

a00

(b) 500

.t

(c)

600

4518

!g5l
t9dl"q

Jt-

eu

ocoeu Gu.igl Lb u3!551 er9leorneeqg&1g er9leoruaflBooqLb.

(i,

G6rrLLrnO

(t
(ii)

+Lbu$pLr

66op5@&g

oflorrrisqg6lg ger 6leu noinflpg6

r-6lcnr-ool

ofleoruofl.

Answer to theory questions should not exceed 50 words.

nrlnBoueir ereinpnoi erotreu?

?

peoeuufLieoe ereinpnei

eteinan?

What is statement of affai$

33.

rrr

10x5=50

Answer any ten questions.

\^&at are bad debts

32.

-B

(i)

50 6uri
Note

- |J /PART

iogo$luL5r$

greopu!)eo GpurLonenLi

eorddl@pa u$$l 15fluq

oLrorye.

write note on revaluation method of depreciation.

34.

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.

36.

p$Cl

L:ut

ereiiip neu erehen?

What is goodwill

geopuq pgteoo

6r6i,rptr6] 6.6irT6fi?

What is call in allea-r_s

WWtii. ka lvi so

a i. c o ffii

[ 6l111ul]e

/ Tur

over

4518
38.

SpsngrLb +rilor@pglrilg erflsr@Lrr$e1Lb o$pLb LonfgL_r upelLb

pge. @p6u
u6g ourq O. 10,000.
Give adjusting cntrv and transfer enty for intercst on capital
Rs. 10,000.

39,

Sgieaiorr el!-lar[E]s6i)6r Glsnain@

$lgorem$poir eunu$arp sainr

Clpnrrio

grpeb

O.

1,60,000

@lEd cl.sni,

0.

1,80,000

610

O.36,000

Lr

Ll

o.@pel

CL]rpe

141at shall be the

capital
Closing capital

Rs. 1,80,000

Drawings

Its.36,000

Ad.litional

capital

S$ergtLb

Rs. 10,000

ar!]er prareeoon

61+n$poirelrdsa,96D6D

r$"q

uuorerfllq

arreurb

if:

Rs. 1,50,000

5T6dor5:

6oS

10,000

profit of the.oncern

Opening

40.

O.

fle

Genain@ GpriGon:@ geoglu9ei GpurLonar o06lpLb

O.

1,00,000

o.

1o,ooo

10,6x(ELrErs6iT

From the following particulars, find out the rate of

depreciation under straight line
meihod.
Cost of fixed assets

Rs. 1,00,000

Residual value

Rs. 10000

Estimated life

10 years

9
41.

Lll

6iror.J6r6.rar !$Li;15 +7sd g

Ll

Clgnr&s+qr61q

e9.40,000

e
6e n&ppc"n

fft,

]0,000

O.

95,000

6ln Al e[r;

Calculate Stock

Tu rover Ratio

stock
Closin8 stock
purchas-.s

Opening

o0

4518

f I arar e$6p$arp oarr68 @s

Rs. 40,000
Rs. 3i),00t)

Rs. 95,000

a-Sg pnefig, gair@oafle;;r e7nefl

42. Irl!Gl,J'rrf
'Clenehr3:go

cunu.$$eu U6iag ain@

Gsnain$ 56in.i6lLL.LrO6lllgi.oLEp
eon - ra,sei-. r9leir clgLong:
ereod;

2001

ptr6itl19 +5aiur056tfl6ir

- O. 12,000,2002 - O. 18,000,2003 - 0. 15,000;2004 - U'

pf GL:ufl

ein

Lo$rror

14,000'

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,
6unLr6

GorrroGre\ ereirp ei"rrnaflsoir g:orpGu-r 4 r 3 o-rgl Lb et9l$lp$$leir

u6li.ig

-9 *",

6lrEp6nrir.

er! J19Lb

stfl

6r6irL.r6rci)[

s'r@r;;6 Cei$poi sl6rJis@@)LLU

oonridl$a

Vi8nesh and Venkatesh'"vere sharing Profits in the ratio

4:3. Ilari

was admitted with

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 @

Gl qr,!;o$$ $ g Gl erafl uQ rr5. 6fl uGr r$ r$e6leoor p6o

2 GreoarLo$peu

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

glgrqo / rurn over

4518

10

ugSl - gr /PARr - c

gdnLl

' (i)

scp@rlb A6gJ erSlerrndeqgrig er9arru..:oflgoeqLb. 5x12=60

a5 - 619r egerrrer9$g GLLrlu.jrb e$eoruofl.

(ii)

(iii) GsrLL.rG eLbu$pLrrrr

Note

(i)
(ii)
(iii)

45.

aEemnBsqgaiqg
arri$eopoeir rSlsnLoel erllaruuafl .
Answer any five questions.

ger,r Gler neirifl p

Question No. 45 is compulsory.

Answer io theory quesiions should not exceed 150 u,ords

(.9r) 31.3.2013

+}t6ijr6Dp

erflsL @oelodr

ur SgLtlnu.rergeiirL:q

gLb

150

each_

r!ueu otornoflsoir O.

56,000

(i)
(ii)

sl6irncrfl66iT l6gt 5% arnTn

(iii)

5L60rr6rfls6jr

15. 6000 er.lmryrBordn GL.ln*Go;pgto.

gurierein 99619 zlgotnriqgs.

rfg 2% pcirqgrq gg|]ii6 rq9oun61go.

erilor@ L-l$oqseir p$g1 $

er.:

erg

cr

l u s oir

6nLO5.

Gpneirrg Lb 6rem

@g$

oerr6 qgs eifl el eroror ng

91606O5I

(+) 9O,"9 Egr g$arpr r$teq gleopugel par5l

eoeu$$19ri;6p
Clen$glsqgLr,

oarriGo@eeoor
nri . 31.i.2011 LoEgri 31.3.20]2
+6lu_.r pnr_serflel sqor qgl
61 L.l ng Lr qoqg6 Spsainror ng
6l6,op-,
31.3.2011 3L.3.201.2

o.

15,000

30,000

15,000

15,000

srernoiscir

75,000

1,00,000

+7ri6lgLrq

35,000

s0,000

67nrio @191rq

5,000

60,000

rpueu oraf!Gpnri
=)l6DD

.166!6ir

ayeri axeiarrainqel O.

6,GB6l gpo! @rrnf. slori p6ngl 6len6p

Cleeuolllons 19. 35,000 $t1rrLolr er@$gri Gorainrri. 2011-12
+ai,rqE6n6ir
ernl6 geleugl 9116 onaine
15,000

11
(a)

4518

The Trial balance shows on 31.3.20:13, sundry debtors Rs. 56,000.

A.ljustments:

(i)
(ii)
(iii)

Bad debts to be written off Rs. 6000.

Pass

adjusting entries and also show how ihese items rt'i11 appear in the final

Provision for bacl arrd doubtful debts be create(l ai 5i6.

Provide cliscount on debtors at 2%.

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.

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

Sundry Credito$

She introduced an additional capital of Rs. 15,000

for domestic purpose.

finLl out thc profit or loss for' 2011

duling the year.

She wiihdrela'

Rs. 35,000

46, Gp

Lonen$$)Lg

or

6or6t 6 &aem -b

12.

p..;o GproneuLb $d'o Gor air 4upcin

Gp6o6!66iT ur 11606r?

Define depreciation- What are the reasons for providing depreciation

47.

6j

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

gg;rqo / rurn

over

4518

t2

49. ,rr.o )16; Csn 10.1,2010 stchor

ornraSlus.l

99:cbr|,r

er1r

[:i]o

O.5,00,000

LoS

Lr

Ll6ir6rr Srrr$$)pLb geireop

uucirru(]$purrr Lllp6

oir

el

cn ei!)

u.[$1p

L-ir

69 or9!oLrL-rl.9. .s,,,oiin@ Gpng6 10r; GF,,tGsjn L6t(g@)11lLrg6.c

GpiiLrnerrb $6oLl rrr5l qairn@ GgngLb saurir6qaoir onrie 3t
grrr;ritr.- r rrgt $,r$p1 Lopgrir GpLuoncrr oarri19o6D6rr 3 g6jcrOetld({ purnir
O,. 3,00,000

ci.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.
Gleu-r

50.

EGp Glan@J,sL-r r@eiron eliarr.n saflo.5)g1igt GlLonpp o.rnr erlildpLb,

o!)6196 LoggLir $luris eunr o$6lpLb gdluorlop oain@r9rqtse

fup

oonLr

er!icrlriatucir
eri

er.
1,00,000

! renor

Clorr.$p eln-

flirolrru

30,000

Lit

i,000

6t+euequoir

erlif reoori G)+aor.qu.ch

2,000

$u:$p,"Lt er9ip$6 purrir

800

6r!p I rursnpnur Lit

400

,$io7

or

26,600

uLb

From the follofing cal.ulate Cross Irrolit Ratio, Net prolit Roiio and Operatilg I,rofir
Ratio:
Particul:rrs

lis

Sales

Cross

1,00,000

Profil

Adfirnistrr

30,000

t1\,c c\ pen

jl,s

Seiling erpenses
Loss on

Sa1.-

ut l,hcJriney

Dividencl Rereived
Net Profit

r,000
2,000
E00

400
26,600

13
51.

4518

: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

X, Y 6r6rnD s^L:.Ln6fledr Or6DDGur 3

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$Lb +xorrisair
gri gotrLgeo 'X'
6r,O-tE'n 6rpLn =21ai, r@ eorpuLb Bcun O 10,000
Gl-$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'

q,g6

:013 LDlrn{i 31 =96ing L6ir6nirq a'rrneiflgoflein o)trL]

(11661 66.iri6rD6u l Lb puni 6ou-lo.

pLL

L]6lrio4 ooro

rig Lolgril

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
n
Rs. 75,000. Interesl on caPital is at o"; p"r,.n'-,-' they are entitlc'l 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
groo0am snLr.-l 56Erd,(q puriri Glsur6

p$5. rlmi9 991rd)'puq oaod;g

Lo[g

tir

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

4516

1-4

u(gF'l

- lr /PART-D

g4!iq,

oeoeuGurgl-Lb g:6irr&l o$orrrriclggrig

erunu:rb o6loruuafl6.s Gar"*@i. "

Note:

Answer any three questions includrlg

question no.53 which is cohpulsory.

e$eoruafl. 53
"" 6!91
""v 6,!l6nr6,!l$19
3x20=60

53. (sr) $lg

lnLb-"eaerrisen grqganLoGlrp,r
@rrorrLr r$)oq Cr6np
s^6rir{ieoG)s6D6r. rsnorfl g51 orlg6lpo,i.

S+{Eirg;,b

clt+rrlr6oltrll6i

G*"*6,

^6er.liri--*
^rrig 31dr prrc6Tnt) Gp^q'oreorqri =grmr6;;gflu
o6)urL:nq eunr pr_r
66iir6(5 LDIDEILiT
peoeo
"steinaopur 610Lrq
1qflLr"r*",i CLr"
2012

1-4-2n11

egddlgrl,rl

uSuo

31-3-2012

1,10,000

e,r-ornofloeir

2,75,0A0

3,85,000

27.5AA

gloopeourin
LrriLr6u

11,000

sL6rfEGSri

Lolp o8o.:6dooir

er(f

Lr

r,65,000

7,92,500

q ooir

CLDp gohqgrE
.grofll;p g6neglr

16,500

uei-,er-teos 6loeuelooir

38,500

6L6iflicgri{i(g ererfl$g G7r;{i,sLil

s relrneiflsoflu dlgri,gl G1L-lf9
Gqrr.6sLo
67ndo

er9l$rieoorr

.9]

6U

6U6t

4,95,000
5,3E,500

15
(.a)

4518

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

sdr

1,20,000

L6rf!iGFri

ClPP6D

s;

.cr

ds

6iT

en6SgLrq

1,35,000 s relrn afl soir

6L6dTS6IT

C)r ngl

nri

75,000 G qnrisr-ir

Gleg$gl9!gfl ul Lon$gle8r@
6

Cl .+

45,000

rrurq

6ulr5l1b

3,00,000

B,

2,25,000

1pg6$@o6ir

5,25,000
q,00,000

nri6lruri

glouirseir 2012 qUtr6l 1 l6i,rDl 'C'

or@gduaqor5rigrr

gLrq Gonat,reoi

(i) 'C'O
(ii)

30,000
1,50,000

75,000

1,50,000

1,00,000

80,000
q,00,000

6r6hLl6J6orl Spongr

erf

15,000

4,50,000

56idr6(9s6lr

o.

r@ i ur dl!15 a.rrnafluno Geri$gl&

"

0rpd

6onaior@

erl

6leneiror

Gorair@Lb

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

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

t 'r Vdr(l- 2017 and BaJan.e \hpet d. or Lhat d"rc

Particulars

1-4-20LL

31-3-20't2

Rs.

Rs-

Stock

1,10,000

55,000

Sundry Debto$

2,75,440

3,85,000

Cash

27,500

44,000

Fumifure
Sundry Creditors

11,000

i 1,000

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

for the year ended

4518

L7

&)

A and B were pa*ners sharing profits in the ratio 3 : 2. Their Balance Sheet
on 31.3.2012 lvas as follows :

I-iabilities

Rs.

Assets

Rs.

15,000

75,000 Cash in hand

Bills Payable

Creditors

1,20,000 Stock

Loans

1,35,000 Debtors

30,000
1,50,000
75,000

45,000 Machinery

General Reserve

Caprtal Accounts

Brilding

4,50,000

- 3,00,000
B - 2,25,000

Investments

1,00,000

5,25,000

Goodwill

80,000
9,00,000

9,00,000

on

1st

April

2012 they agreed to admit

pro{its on the following terms

as

'C' into the film for

1th
5

share of fufure

(i)

'C' to biing

(ii)

Goodwill was valued at Rs.

(iii)

Depreciate buildnrg by Rs. 20,000

(iv)

Rs. 30,000 creditors to be wdtten olf.

Rs. 1,50,000 as caPital

1,00,000

Prepare Revaluation Account, Capiial Accounts and the Balance Sheet of the

wwvtikalvisolai'Gom

619l,qs / Tum over

4518

18

5a. pg.

Gloei+arrq 6r6inu6)rtrg

g:+6.19rh gainqponor

E$oainu @guunurnIl"SOpg,

$9p6

31.12.2013

oau.6lgooir pu-rnri Gauro.

3'1.L2.2A1,3 Lb pnoreineop ur

@qLrunu:o4

Llmml

or tr6ll
e61er 7Lb

0.

eosullq9Lrq Glqn{ioLi)

65,000

arrar6lu9Ouq 6l[r6slb

17,000

610

40,000

L,

Ll

s'e6l

10,000

6e noir6pgei.r

20,000

e66611r5Lr

q (01.01.2013)

Grp6')

2,00,000

e$fuaror

1,60,000
45,000

1,00,000

uou ouonnoflseir

78,000

olr-tL6D6

7,000

6Lng1& Gl+eueqseir

8,000
4,05,000

4,0s,000

eflsu@peleoh:
(n

(t.

60,u00

6LIqLLD

uf

eflor ry6

lag]6 s[66](Eult O. s0,000

rfpnen

6rL+ gdir0&6

(ir)

er@Lrr9ein

(iii)

ourqrLi rf5j

(i")

(!D6iir

(")

Clsn@Ur Golainrqur

GpdLonarLb

erL+ Ceg$$u

+o6rodjg

6lnL6D5 O.

e,6r5l

5% +rrgtLo$[is

10%

.glgltDpBg

1,000

O.500 oreos Gleuro.

Li Ercorrn@

L9

4518

From the following T al Balance o, Mr Kennedy

;uepare the final ac.ounts for the
vear endinE 11.12.2013.

Trial Balance as on 11.12.2011

Dr

Cr
Particulars

Particulars

Rs-

Rs.

Cash in iland

65,000 Capital

2,00,000

Cash at bank

17,000 Sales

1,60,000

Drawings

.10,000 Sundry creditors

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

Adjustments

45,000

4,05,000

(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.

wwEv,

${a

!vi ss

I ei

i.r: 0 [n

I 6<g,rqs

Turrr over

4518
55.

20

r9einargLb

@guq pareud g$lr

(i) pruq
(ii)

er96)pnr

+16lr Clrnguqseir o6l6lprb

zfleor

Lo u.:

nonri o,9l61pLb

2010

nnri,i

6lrngLrqsoir
uiir1g gpeir
e nrl

qoeir

31

LD

tn

r.6D6rrr

o.
1,40,000

10,000

6)rmLlr

peoeu 19fl n q

Cle nd sr ii s 6ir

$leoore G+npg6ooir

ert&6lglq

o.
1,30,000

30,000

5L6dr66fl

75,000

60,000

sraf$Gpnri

50,000

20,000

eumrdl

10,000

10,000

p$Gluuri
2,85,000

erlgeroner$oop sor&61@o.

$neoLo er96lplir

(iii) ltp

(iv)

Lller5l6g$gl rgein

35,000
2,85,000

4518

27

From the following Balance Sheet calculate.

(i)

Curent ratio

(ii)

Liquid ratio

(iii)

Debt-equityratio

(iv) PIop

etary ratjo

Balance Shee{ as on 31.3.2010

Liabilities
Share capital

Assets

Rs.

Rs.

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

Www"kalvisolai.conr

2,85,000

$lqguqs

Tum over

4518

22

56. E5!srgtLb

or9er,

r", +orfle$1.9$g 20t3 g "6irr

$lrr L]Lt+u-.r61 pu[.rfl{i6 j

g.aro o$ELb q+oiuu

LonprErs@li6[6ir G]7n6s

sreine$$reoen suein

Gs neirqppei;

sd6l!l

flD.

0t.

(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

3,75,00A

1,90,000

15,000

3,50,000

2,25,000

20,000

2013

eL66iDL 2013

eropdD S56)r6jr66ir

(i)

2013

(ii)

6xnqria)sLrr6n6ri1g

(iii)

eq&eerfl$Gpnn .grglrDSlpp sroflein onarLi,

(ivr

*n61

(v)

E96D6D LDnpp$l6b O. 40,000 di15 @upprrLb

goein 1 el 61qn6s oOLrLt O.

,"

1,20,000

eoa$p sroioir

orgjr s,. Fp

r9loiir

sneurb e(D LDngi)

6rain@

Lonpniooir

Gteg$p-r r@4l2gt

ogsorlrreqeiiorg.

23

4518

From thc lolluwing informatton prepare

August 2013.

Cash.Budget for June, July and

Credit Sales

Credit Purchases

Wages

Rs.

Rs.

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

Month

,{dditional in{ormation

(i)

Opening cash balance on 1st June 2013 _ Rs. 1,20,000

(q

Pedod of credii allowed to customerc

(iii)

Period of credit allowed by suppliers

(iv)

Lag in pa).rnent of wages is one month.

(v)

Sale

one month

two months

oI machinery Rs. 40,000 in Julv.

!,wrrvv" ka

lvisol a i.com

Pquqo /

Tum over

4518

24

57. rnrr 6rr6orlurpl $lgJLDLb liuGsneiirgt O. 100 OD6LodllL16nLU 30,000 !Er(gs6o6n

(r. 20 0D6D6nLD96lei Geuoflugrr5l. 6)pnooa; 19oin orqgong Gl+gl$pLrrr
Geuairi@rn.:

er9lainarnI$$leh

Grngl

BgdjdL+6dr Gung (garomLoLir LLLrr

o]pci grarpLrGleir Grn5]

@gp ereopur9ein

Gun5l

rlt

25

O.
fO

45
25

O.25

urir(g66ir.9l6o6ir$glLb odlairao:L:1,9[isLr rr@ ggr68G] 6+ur ul L, rr L-rcor.

@)r1ain@
+!6Dprr LloeDib o5 @6sLr u r@ rfl ru Gp r$$l or 6pnonosqg6 G) r gru u rram
69$lLrGuL-@ L$erls6n

p$g,

Lrrar(g

grp6l 6air8g,

sordg.

ouruCl

aarr&g, rp$)r

ro$gLb @tgLrLr pareu gflLreorulib punriris.

Baba Ltd. Company issued 30,000 shares of Rs. 100 each ai
foliows :
On application

Rs.25

On allotment

Rs.45

goeoomLo

premium of lis. 20

as

(including premium)
On Ftust call

Rs.25

On Final call

Rs.25

A1l the shares were

duly received.

fully subscribed. Both the calls were made and all the money werc

Pass Joumal enh.ies. Prepare Share Capital

A.count and Balance Sheet_

Account, Bank Account, Securities premiunl

-oOo-

4518
57.

24

urur

g.

pgLorb rrrrGlsnaing O. 100 O16LoSluLl6DLU 30,000 uErg66D6r

20 geoeoLo$pel Glororflu9ru51. 6lpneos r9 oin oulgonp Gegt$puLru
elr6orJur0l

Gorain@Lb.:
o9lairemrru $p ein

6)gt&SLr+6ir

Gllng

Grng

((lDooenLori

25

LLLrL) g.

45

25

O.

25

GLrrg
@prp .srorpLrlllei'r Grn5l
.9r6Dgu06i,T

CppdD

LrrEr(gs6ir +ll6D6r$gtLb er9lairrourrLSl&crlur@

sl6Dp

L.rL-

j6@ib

er!1@rieLr

99168@ GleururLrurror. @fain@

G) upu L-l rreur.

r r@ rrfl ru Gpf$$leu 6pnaoaeqg6

p$gr, uralg glpel oerr6g. oum6i samriq. LrS6lI Oj6D6urLD

s6llrsg, toDDILb @l6nq f eoau 6SlleouqLb guirrflBs
Baba Ltd. Company issued 30,000 shares of Rs. 100 each at a premium of Rs.
20 as
i9s1nGru@

foliows

L$lo!1s6iT

On application

Rs. 25

On allotment

Rs.45

(including premium)
On Ftust call

Rs. 25

On Final call

Rs.25

A1l the shares were

fully subs.ribed. Both

duly received.

the calls were made and all the money were

Pass

Journalentries. Ptepa re Share Capital Account, Baik Accoll.nt, Seclriities I+emiulll

Account and Balance Sheet

-o

Oo-