wu,ffiltalvisolai'eor"

No. of Prinied Pages : 23

6268
lfilllilllllllfllllllllilllllilllililllll +L r$eq
Register Number
oain i

PART-III
aennriguu$e$lura: / ACCOUNTANCY
(pi5l$ Lopgrb =5ri,rdeu er g! / Tamil & English Versions)

GprLb:3 Loaafl I t61on$p Lo$ LrGlueorscir :200

Tirne Allowed : 3 Hours ] [Maximum \,Iarks : 200

gd6!6rrl[: (1) gr o)6irpgl erleoniioqgLberfl'rne u$ornd z6ir6rrp r 6r6inL]palcdr

erflrnir$gl6 GondrereqLi. ee*uL:$oli1el lqaopul11g Lr 6 eir etorp&
sd,rs nolflr norfliLb LL6ir+lr15.6 GBrflerlkiselLb
u
(2) 66Dd eteueug algLrq eo Lo u5leo oor or$Co erqggarp!6Lb
el rq6Gorq@6.rpf gLo Lr ur dtu @$p GoIr ain@ Lb r rrarsdn cr oonerp$rg
6lreird)du uuofr L,l@$poq Lb.

Instructions : (1) Check the question papel for {airness of printing. If there ls any lack of
Iairness, inlorm the Ha1l SupeNisor inrmediately.
(2) Use Black or Blue ink to u-rite and underline and Fencil to draw diagrams.

uogl - sJlPARr-A

1gf1uq : oeoson a5l enirzioqgri gLb a9ar ru afl riserl b.

r 30x1=30
Note: Arlswer all the questions.

I. Gsns. r$ .tusa.er p--r.1a

Fill in the blanks :

1. 6l*r @eurrL-b Seunu prrri solr66a!6!g - oar66lfE

Lonmm Lr ulA.41m,c
Net profit is tianslerred from Profit and l-oss A/c to _ account.

2. 0pp6n d5l errq oar:r66eu r$g eoel6suu$Lb

intPrest on CaDital ir dchite.l in account.

www.kalvllolal.com | $q1,nqs / Turn orer

6268 2

3. rf,l6i)6u .e,rfl{i6o6 ,LD6Dm ,Lo6Drn 6r6ii6l i .sr6i) ndelLGldlrns.

Statement of affairs method is also called as method.

4. e(E Clgrd6b zflarounenrflein 6Lon$p Cl+n$gldeoii t 5,00,000.i!6.r(D6oLU-.1

GunEuqooir I 3,50,000 6r6!fl61 st6r(D6olui (gp6l _ +(grb.
The total assets of a propdetor are 4 5,00,000. His liabilities is { 3,50,000. Then
hi5 cdoddl ln Lhe business is

5. 6+n$$eir uu:enaflLrqri 5r6DLb GDq.6p Elp15 €t@)p o0fpneu

Clao d.cs. b. Gl.an 6os ldl r er en li\rb
The estimated sale value of the asset at the end oI its economic life is called as
v.luP

6. (q.6p6Dss6iT Lf5l GpurLononLb semrBdlL (p a)p

r uairr@$pnr @61p5t.
methoo ol defr"r'.trion s u.od rn lh'rasp ot lea.e.

7. e,9dlpri:seir g:eir sarfllrqriqg Lpo1dlpg1

Ratio helps ir forecasting.

8. Gtron$p 6lllEu6D6n < 2,00,000 L6ir6,r Glrngl 6rlr&o o9lfueooor T 65,000 6r6rfl6i)
+ reir o612 . 6o6d { _.
When total sales is { 2,00,000, cash sales is { 65,000, then credil saies will be
t

9. 6r n -rr6r'].6i16fl .g n e6l-ns 6lf nio.cli Cl r ulla-cir L6i16n6

C-sh brJpeL is d .rseJul tool lor

10. geira..rqe Geg1$$u 6leeueqseir $6Lrq $loreu6 Odlu86ii

r6ug$en Gpnehg6.
Prepaid Erpenses are shor'r.n in the of the balance sheet.

G$6?:,- i{i*e#€ r!q d.1&,nr rr

 3 6268

11. e'LLr6rfl66fl6ir @p6D 5@ilio66iT €t6D6Dgt LonOLJOtb GDp6Dn6

6tO,i<C,b
Th, capitdl accounts of parirlers mdy be or fluctualing.

-
12. gO Glsr$$l6ir opL:q et$lerfl&gLb 6 L.l nq1ggr ergl @atLong6.
When the value of an asset increases
-
it lesults in

13. 6dl6D 5 6tl6iT Grng Glpng!aleir ogo$luL:'r@ -@teunurir

s-rrnafl senneurrb rdlrLr rGLb. -,
At the time of retirement the revaluation prolits of business will be shared by
patners.
w us v,xf" Ralu;sola i.c o rYt

14. gO 31arlQUqa9g66larrGu.] @66sGarainqu-r eneo $eorGerafl

:%(q LD

There should be a bime gaP of between two calls.

ts. g.1 p gLo$$lein Gu -naror gpen er:o 69 o$$teb ----- 6ir

gfluL.9 ruuLqg&gLb. -
Nominal Capital of a company is mentioned in the oI the company
.
II. slflu..rn56r 6916rlr6our$ Gpri$Clp@$5 erq95a.
Choose and wite the corect answer :
-

16. ggp& e766lqLrq Gpneirporg :

(g) 6eunr prr oarr&6eu

(4) oflurrnq 56olr{i(q tDEErLb @gLrq peoeuri gflrL9eu
rSlr GLoioa;n agerf eua o
Closing siock is shown in :

(a) Profit and Loss Account

(b) Trading Account and Balance Sheet
(r\ \one o[ L]e Jbu\e

[ $19uqs / Turn over

5268 4

17. 6rOLL1 u8pner o]rra sglrisuu@erg :

(er ) er6Loneng$1er51gpgr (:B) rgpdldlopgl (@) 6leeuo0e6l6$gl

lnterest on drawings G deducted from :

(a) lncome A/c (b) Capital acconnt (.) Expenses A/c

18. ofl u.: nr ny$$lair grpe6leoen el$lu pu nrfl &suu $l er,l gl :

(er) oEununqr6 eemr&15

(+)66Dr- s.d 6\,5 P r elida's

(@) pareu efld;oro
The capital of a business js ascertained by PreParing :

(a) Trading Account

@) Statement of Profit or Loss
(c) Statement of Affairs

19. 01.04.2010 eu srennaflsen { 2,00,000. oreir orllfreoer { 7,00,00Q

e reuiraflsefi rr611gp5t 6llLpD Glnriori 13,00,000 orerroflsoflein $9$

6otq ,

t€{l rt o/uu,uuu
(s) 8,00,000 \,+/ t\ u/vw/wvv
(e!) 6,00,000 \&'-r -' 2,00,000
(g) '/''/''-
Opening Sundry Debtors { 2,00,000 as on 01 04.2010, crediL sales t 7,00,000-
Cash reieived from Sundry Debtors < 3,00,000, Closing debtorc
(a) I 8,00,000 (t)
< 6.00,000 (c1 { 2,00.000

20. -
GpftGsnr@ glarpu9en Gpurorar afldlpLb oar6dlruu@orgl :

(er) 6lLon$P e1r6o o,9orcu 169

(+) <g-PPg: 6eeu oPLrq L65l

(@) erud;o$$rer!165,E51 61916 ro$Lrarrd o5!$p Ggnaoa $9

Under straight line method the raie oI dePreciation is calculated on :

(a) Original cost

(b) Wdtten down value
(c) Cost less scrap value
 5 6268

21. t 20,000 d5l gain@d;1q 10% g6DD6gJ 6eel o$lLrq gropugab GgurLonenri
$aisLrLr: Lr6l glpd p1p6iJTg
4ain@sqgrig $osru@A GpurLonen$
Gpneosugaiir 6Lon$pri :

(s) { 5,240 (.%)< 5,a20 (6) < s,204

Total amount of depreciation provided on the wdtten do .n value
method at the
rare of 1096 p.a. on t 20,000 for first three vears wi1lbe i

(a) t 5,240 (b) a s,420 (c) ? 5,204

22. .9t6o60ri;gl 6t6t)sLrll6oLo erlidlplr]sqgLir

_ Gan@ri€rL_tI@Li.
+6D
(.+) er9ldpnrienTLb (4) Lorr 19 (@) +pogBro
A1l solvencv ratios are expressed in terms of ;

(a) Proporrion (b) Times (c) percenragc

23. g)urri6 or969Lb eLoona go6a& a-qurgl wvi'fJ.tsAili!,$&qtrl.GSffr

iet) @u.ld;s @eunu o$69Lir

(+) 100 + Sueis $euirr o$6tpub

(6) 100 - @u.rde $onu e$6ipLb
Operating ratio is equal to :

(a) Operating profit ratio

(b) 100 + Operaring prolit r.atio

(.) 100 - Operating proiit r.riio

24. pLLl lrrauel oreirrgt sneu$$l$sner o$LrL:.@.

(e) or$p (+) prur-r / 6tsD (6r) -St
Budget is an estimate relaiing to
_ period.
(a) Past (b) Currenr (c) Future

i pguqo / Iurn or-cr

6268 6

25. 6l6o6D GDp6l GD6opl_!l6b sdlLr6rfi6

6rfl dir g6DrLr pLLrErscjT
€toJrisofleh
oatr66!6 on$pLru@dpg1.

(.9) p "q (+) o6uq (6) cppo

Under Fixed Capital systeul the profils ;rnd losses of p;utners will
be transferred
Lo thair _ _ J., oun..
(a) Current [r) Drawings (c) Capiiat

26. saLLrdfl-G,ri.rieosu9 dr 6unqgg Gl+r$glrieeoarq Li 6 rr,.p u qoencnqLo

oEio$lirL9@ 6+urgt eter$aop ll$u Ga:ainqujt @urnu-lorar
6+Luel g:eopuln6ri

(sr) gtr&s o9ooeudjldr

( g ) el rris$$ a5l gSg Goul Lo neoLir e g!$p Ggnaraug en

(@) u ai.nraoro m$ lr6do

In olLjer.ro marntain farr deahngs, at the time of admission, it is necessarv

to
1e\-atue Lhe rssetsind li.rbrlities oI a Iirm Lo their
(a) Cost Pdce

(b) Cost Price iess Depreciation

(c) True value

27. Goreifls Ged.rgt6 e.rrnafldqgrf u Glpneoo rrGein G+gl$pLr L:regr;::

ereirpnd 3a$6gnoro Lonrjpul$ri sarrBlg

(sr) gpel oemrGlg (g) 67n6s eam,i6 (S) sreir ;ar;=

\4hon l-h. .-rmo,.n r duc ro Jn o,rtgoinB pd,n.r i. n, tpdiJ L,nnedrdrF,r. .: _ .
1"n-r. cl tu :

(a) Capital A/c (b) Cash A/c (.) Loan r- .

 7 6268

28. Glu rrgl al tro pgLootoeir Llrugs6D6rT r

. 6lar ofl uil reu nLb. p oirqp qu5leir

(er) sz (.+) 10% (O) 20?;

Normally companies can issue shares at

% of discouat
--
G) s G) 10 (c) 20

2q. Jn-!gs6r.6r D E.D b 6Egu c ou-J 6+ q bG ng f, gori$ dr .],.1q

crrp6r)-_.
(.s).ecsfreoa..,u9en@gd;grn WfW.iAtVrSOlal.COt|,
(qt) go,pqri

(0) erpsifli;19rlr

\Ahen shares are forfeited the share capital of the

companv will

(a) remain same

(b) reduce

(c) increase

30. Ogllrit poreuri gflLrr.!)el

9p<6ierrd eniq L:soLb GgneinpLb.

(er) Genggildoeir (g) Gtllnprqoetu (@) 6rrocr6rrl

Capital Reserye is shor,vn on the _- si.le of Balance Sheet.

(a) assei (b) liabfity (c) borh

I SloLrrls / Turn over

 6268

uOSl -€s/PART-B

III. (qdiLrlt : ri) ororerGur gtLb u$51 oflarnriep966 oflaruuofl 6eq Lb. 10x5=50

(ii) srO$$ uen enri$g erSlenn&sqg66 50 6)r nfg6nps(q&6 6lonosir

oEeoru.lorfl6seq rb.

Note : (, Answer any ten questions.

(ri) Answer to theory questions shonld not exceed filtv wor& each-

n'"T d' 6r6i,T6ir ?

" "i'en
*ol-,#3n'3flru{$ft
n rre our\ftrndmg e\pensps I
vvnaL

sz. poreu et$)rieos oeiirpncl erdren?

\ &at is statement of affairs ?

33. oS) Lo$lLrq ereinpirai eroi;leu?

What is residual value ?

34. prLrq& 6en$g6oqgri6 6$9 er@$g6;onr@eoir p6o.

Give five exaraples for Curent Assets.

35. 6l1n&e$ pul LrL+u-r6i (g!,Lr! or6Drs?

Write notes on Cash Budget.

 6268

36. 6lurrs o8dlgLb oeirpnai eroirar?

\ 41at G sacrifice ratio ?

37. gr6ngul] poirlarLb . oa)tot a n6f,c

\ l1at is meant by Cal1s-in-advance ? w!/Yw.kAhai5Olai"e Ofrl

38. (31.3.2010) eleiraopurnu:olleinrra GDp6b < 6,00,000 gpeu 165 ourrq

@6!u
5%.sgtLo$rie erflrisr@u u$lot IDEU6 LonfpLr u$)e1 pgs.
As per Trial Balance (31.3.2010) Capital is t 6,00,000. Provide Interest on
Capital 6%. Pass adjusting and transfer entries.

39. EL!r;56orrL or91L:qraoarorri Genair$t @eunrLb 96u6u5l plL$6opri 5rerin6.

8prL2i6 (!Dp6b < 4,00,000 6rGlLf-.1 { 90,000

6p6 C,"p* { s.00.000 s" Op6i, 9p6i, ? 10.000

Find out ProIit or Loss Irom the follot ing informations :

Opening Capitalt 4,00,000 Drawing < 90,000

Closmg Capital { 5,00,000 Additional CaPital 130,000

e0. GpiGonr@ g:arpu9ei: Gp[lLonoorLir or9ClpLb onaino.

6tupStfp$leiir errri;s 6,56D6u { 2,30,000 $)Eeqarpfonerr Geeu6ls6ir < 20,000

uuerofluq& enorLi 10 +6iitr@56ir ofl Lo$uq < 50,000

Find uul -he r.rte of deprecidtiLrn undPr.,'raighi [in" method.

Cost of the plant < 2,30,000 lnstallation Charges < 20,000

Expectecl life in years 10 years Scrap Value < 50,000

I PlryLlqo / Turn over

6268 10

41. $lareud 6+n$gl o0$reoer o8dpLb snairio.

peoeu} 6+n$glrieeir t 1,00,000

Gpur Lo narLb < 25,000

aE$ u eoeo { 3,00,000

Ca1culate lixed Assets Turnover Ratio.
Fixed Assets 11,00,000
Depreciation < 25,000
SaIes < 3,00,000

42. B96i)6D Lonp 6pnrrio 665rq < 9U,000 elt Lb Lo rp$St6t 6on$p 6t7n6oLr
G)rgf ebooir {
1,60,000 LDEg]6 6Lon$g 611116o6 Glegppaosnt < z,OO.OOO.
ereden qsaiu@ Lonpp Gpnrriup$on 6qn6,s
un5; @6Lrq f
I
The_op-ening balance of cash in July is 90,000. The estimated
cash receipts aie
{ 1,60,000 ar-rd the estimaied cash pat ments arc < ?00,000. \ &at is the opetung
l,ai"n. e ol, a.h in AuBu.r .,

43. [GLo6i+, pofog creirp c,rrroflseir goarpGu 3 ;2 creingLb orgdp$peb $eunu

p, -Lb -d iipg eu rirger . cyor-,isei oE a9. ei-, o ebrcaa r
I r.,:rgdg
6O-Orb eoLonep $unoLir Geurg Gen$gri Gonoirdeirpeui. +lt6l irs6rgl
q$lu @eunr ofldpLi sar,id@o.
Rarlesh and Harish were sha ng profits in the ratio of 3 : 2. Vishal
was adnitted
tlr
with IIslate which he acquires equally from Ramesh and Haish. Calculate
New Profit Ratio.

aa. a9.6lpu ereoTug pgLoLb < 10 LD$)ull6Dlu_r 40,000 unrO66rtorr t 3

goeoenLo$$1 e! C 6nrie$$ g G er afl ug I rg.
! .et 6b)6ir$gj Lr r-.r a geqg Ll
BLrL.rrL_tLL6n 6r6fi o(Ep 6flLrGur@Lr Lrpq pgg
Shijav,Companl' Ltd. issued 40,000 shares of { 10 each at premium
e"ch. Cive Journal Fnrry as-unirg tl)at aU.hares are,uf...iif.r"J ---
of < 3 for
 11. 6268

u(gg-gr/PART-c
gdluLl , (i) 6rcpg6 EE51 or9ennlieqg6g e,9aruuoflii;seqLb. 66uEp6n 45 dgl
er9ennorli!1g sr-rnurLb o,51eo ru efl &oo4 Lb. 5'(12=50

(ii) 6(D55lur6 eirri$p e8ennriseir gerclorrcbfllgLb 150 6!ri56np5€D6(9

t5lotroel: o9 rl .lof riaer.
'o

Note : (i) Answer any five questions including Question No. 45 which is comPulsory'
(ii) Ansrver to theory queshions should not exceed 150 words each

45. 31.3.2011 +leiirarpur @guunrler9lotuq !E!60 { 61,000

5L6nr6fl66iT

(er) erfl&su@poraeir Www'kaIv!5ofiai_1::,?;r

(i) 6!fn65L6ijr < 1,000 GLrr&616(g5tsl
(n) sL6irr61fl66iT dgt 5% 6!.ur gu:risrein ggt6(q L(96)rr6(951
t ./ s
-6!iri#
e6h -69l I; per glur- argrig " 9e ri o o '

erflriar@Lr u$oqoon p$g @ero,9uyrueon @g$ld sar&gsoflci creier nEl

Ggneing Lir 6r6iri 5rLO6 I

-qr et eugl

(+) 6lCO 61sen66 goinoogrLr Lr6lot Cp6Dpuq6n pem5l sarr6Ga$seoerr

eoar$p6i6lpnri. 31.3.2012 €1drp6 31.3.2013 eldrgo +1erqr51
6len$gl&sqgLir, 6rngLrqsqqgLb S$deaftirarrg $6$pen

3"t.3.20-12 31.3.2013
oflu 7ib

eqri6lg Lr q 35,000 50,000

Clqnria $19Lrq 5,000 50,000

uf ueu eueof$Gpnri 15,000 30,000

r.:frreo s reilraflocir 75,000 1,00,000

41enpsarein 15,000 15,000

garri er$p gainra6i { 15,000 el@p6l grpd @rrnri. Gsor86 paiS 6en$9
Gleeoeqsqgriono t 35,000 plgLirLr o@$5& 6srain]--ri. 2012-2013 Lb
qairqfsiror slar [g] 66Drulb +rdoeuS purLb oairrflel

I Pq5Lrqo / Turn over

 6268 72

(a) The Trial Balance as on 31.3.2011 shows Sundry debtors { 61,000.

Adjustments I

(i) Bad debts to be wdtten o{f { 1,000.

(ii) Provide at 5% provision for bad and rloubtlul debts.
(iii) 2% provision for Discount on Debtcrs_
Pass adjusfment entries and show how Lhese items lvill appear in the Iinal
accounts,

OR
ft) trIr. Kousik keeps his bools under Single Entry S),stem.
Assets and Liabilities o 31.3.2012 and 31.3.2013 stood as follows .

31.3.2012 31.3.2013
Particulars

Sfock 35,000 50,000

Cash Balance 5,000 60,000
Sundrv Creditors 15,00i) 30,000
Sundry Dcbtors 75,000 1,00,000
Furnitule I5,000 15,000

He introduceci an aclditioral caprtal of { 15,0U0 durmg the yerr and withdrew

? 35,000 for domestic purposes. Find out the protrt or"I-oss ii, ZatZ_ZOiS.

4t. Gg'-Lo-ar-b 9de G. 6rdo. Gpeta &61 6n ar /

\Arhat are t]le reasons for the needs of providing depreciation ?

47. SILLuLTL+urgldg g6u6s6ftr6 p$gl 6yn6su 6lrppeieqgsqg pndnlg

zgrqatrm:sq9Lb, ClTnrioe Oeg$pelo@6(9
!,r6iT(g rp nlairEr eqgLb pga
Define Budget and give fout examples of cash receipts and four examples
of cash
pavments.

a8. 06o6D(!Dp6n @6DEdgL_b LorotLrOLb Orooiig:arpbgLi zciron Garprn@soir uneoar?

What are the differences between Fixe.l Capital Account and Fluctuatint Capital
 73 6268

49. GBre6!r +6d)LUrsrb 1.4.2010 J)t6i'rg < 2,00,000 Lod r-rLl6iT6rr $tu$$lqrn geirarp
ernmdugt. epeoar $1gqorpb6r5 t 40,000 6e6Dal 6l+[rpgt. goeirg gain@scir
Lrur6inuOEpLrLrLL SpCq elrpp @u.:.$$rrLb { 1,50,000 &(q o,9$our-r51. .5siin@
GpngLb 1096 GpriGsnu@ goopu9eu Gpu.lror,-otb $&auur r 5t. 4ai,r@Gp19o
serurigofr Lonii 316b glq6sLr Clrgddrpen.

$u$$rti s6rir6g LoO$6 GpriLoneoii san&6 461uer!oop Uop6n Udg

.9)6iir Os +r! 9 L- ri 6sr-a'
'91i
Joshna garments purchased a Machinery on 1.4.2010 for 2,00,000. They spent i
< 40,000 on the repairs and installed d1e p1?mt. Aiter tfuee years the planL was sold for
< 1,50,000. The {irm charges deprcciation at the rate oI 10% pe1 annrlm, on straighi
lirre method. AccounLs are closed on 31st N{alch every year-

Prcpare ivlachhelv Accouit and Depreciation Account lor the first three vears.

wwry.ftarvfsoral.corA
50. 31.3.2011 Lb Dr6ii6ru-r S6uq $)eoeud 65flnr9o019$gt

(i) pruq e$6pib

(n) $neoLo e961p6
(in) r-.lp esLr 6lrnglrqsair o,lldlpib

Guneirrperf aop& 56rdr6$G) Gtedrsl

suei: flgLo$$lsin $6uq $leoot6 gdlill 31.3.2011 grlsirglshenuq

619neoo 6)9neoc
C)unmruusoh 6le n$516aeir

Ll rE (9 Grpa) 1,40,000 2,00,000

$u.l$$rlrlsoir
6tlL]qs6ir 10,000 e; aopocloin 76,A00

sL6if LGt LJ{idl rmr,B6ir 1,50,000 e[rj;.41OLrL] 22,000

5L6irp$pnn 24,000 g L- eoncrfl.goir 19,000

G iinriso 5,000

69laina,rLl Geglp$l u Cl+eueqscir 2,000

3,24,000 3,24,400

[ $llguqo / Turn cver

I

6268 74

From the {ollon'rng Balance Sheei as on 31.3.2011,

Calculate :

(i) Current Raiio

(n) Llquid Ranc,
(in) Debt Equih Ratio
Kayal Company Ltd.
Balance Sheet as on 31.3.2011

Amount
Liabilities

Share C.rpital 1,40,000 \{achherv 2,00,000

Rescrvcs 10,000 Furritures 76.000

,50,000 Stock 22,000

- -: -.r i*r. J-ra,lw
.-r.r,a::r
Crethtors 24,000 Debtors 19,000

Cash 5,000

Prepaid Expenses . 2,000

3,24,000 3,24,000

51. +lr6, 8LS 6r6irp erLLir6fls6iT (lp6opcur 3:2 eroirgtri 6r!l6p$96b $eunu BrrLo
rdlri$g e!:66 oinp emf . 1.4.2010 ei ser risargl ggeueeir (!D6irpGu.: < 2,00,000
i 1,50,000 q,glb. rEl6in6rob srfl6Lop6iseD&g @6it 31.3.2011-Lb prc61rrG
eD|c6r.r6o:u-rLb +6ri,tr+D5r6in
gp8gor6brpp6iT g6Dn.!Lb { 75,000 +gLb .98i,
619 gdGu.rnrflcin er@uq$ GBneirs goarpGLu { 20,000; { 15,000 €OLb.
slLLrr6oir6D ro +ereonTr-b &$6eainLar Ddlp(q el aro Cluul6pS:.
(o) @p6, d5] er--q- 6%
&) *rt!l 661 6u:eopGu sjditr6ri(9 { 10,000 L6rr6llrb Gugdeinpoorn.
G) er 6l +ernG6g < 1,050 sglernsL-l GrEdpni.
(d) 6rGrr-r Ll d5j orr',+ e1r966 t 500 Lb 8$d(9 { 450 6 +gtb.
201i Loiri.a 31 +)t 6ir0t zeircnu rg $eunl pr,*u udli6rl{j, 66r,!r66osulLi)
a.rrnofl gofl eiir
LLD96|,E6iir5.g66)dr orE l@ ri gpeu g]eop,i!] eu 5 rlL+Grs]
 15 6268

Abi arld Sibi are partnels sharing profits in the ratio of 3 : 2. Their capitals on 1.4.2010
were f 2,00,000 and < 1,50,000 respectively. The net profit of the firm for the year
ended 31.3.2011 before making adjustments for the items below was ( 75,000. The
drawings of the partners were Abi { 20,000 and Sibi { 15,000.

Their Partnership Deed provided for the following :

(.) Intelest on Capital is at 6% per annun Www.kalvlsolai.e

oilt
(b) They aie entitled to get salary of I :t0,000 each per annum.

(c) Abi to get a commission of { 1,050 per annum.

(d) Interest on drawings being Abi < 600; Sibi { 450.

Prepare Profit and Loss Appropriation A/c artd the Capital Accounts as on 31.3.2011,
when they are fluctuating-

52. Go+f6in eueoTugr $goLb (trDgLb .garprisLr Gu[p < 10 Lo$]uLl6DLur 1,000
Gpria. Lo i.r r.:ulqsenor @g$ er-p"q uag goirfl$1g < 2 6tcAgpnp
snTmr$porncir @guGlplrLl GleLlJp5l. erorDEroh 700 Lr15l(gs6iT t S er9pLb gpgLb
Clegl$$lr un;r(ge6nn6 og 61araflu5@ 6lo u.r uuurr er.

Gpeoeuu-rnan 6fluGrr@n u$eqeoir p$gr ggul9lglrL.l E6wr6(g LDE96

ODp6rSl@r oiruq& sam&1g gdluotlop pu.Lni Gleuro!

Sharon Ltd. forfeited 1,000 equity shares of { 10 each fully called up for the non-payment
of Iinal Call of t 2 per share but of these, 700 shares were reissued at { 8 per share as
tully paid up.

Give necessary Joumal entries and prepaie Ledger accounts for fofeited shares
A/c and Capital Reserve A/c.

[ $q9uqe / Turn over

 6268 76

' u(95) - rF / PART - D

gfluq : ocoerGugt,b g:5h9 erlleonrieqg&15 o6leou-rofl&oeqLb. g6!El6i' 53 oIr9l

erglarno8sg orrnulLb a9larrul61fl{ie Gorair$Lb. 3x20=60

. Note : Answer a y three questions induding Question No. 53 which is compulsory'

53. (sr) $6.6491 eroiriu ou ri g:qgar Lo Glupnp g$copu u$orlgoop 6rG156o6n

.r
areu$goirarnri. S$SsngtLb o0erqrfuoalard 6l6nain@ 2009 Lorri& 31Lir
.. pnGann@ 19orqoteouqLb qain@rigrflu o0ulrln7 @eunuprri sewrriare qLir
srppr-6o6irLlr @6uq poor& lgflnaruqLb punri Geure I

31.3.2008 37.3.2009
d"ry'i' -
J)l60.)p56D6b1 5,000 .5,000
uf ueu ouerrnaflscir 1,25,000 7,75,000

61qn&+ 12,500 20,000

-o

LrpLr6u 6L6drDugtrn 75,000 87,500

eq66l6uq . 50,000 25,000

ofrp er5luryrirsair :

61yn6o o,glSuareu < 2,500 6L6bfDGpnOd;(9 s61flFp Gl[tr&66 < 2,25,000

6r$uLl 4.20,000 ' urannofleoflrr6l19$5 6lufp 67n&eLb < 2,67,500

Glupp gehqguq ? 7,s00 eflfueoor p1guuri < 2500

erofl$p pohqguq t 5,000 Glsneirppeu $l(DuuLb < 2,500

ueio!:alos Cle6DoIl56iT -,1 12500

--gr 6bEDsr
 .1,7
6268

(q) erlainun, roreur eroinp q.,rrroflseir g:arpGu.J 3 : 2 6r6ijrgl6 er5l6fp$$f a

@eunuLb udn$5l err$p6nri.31.3.2009 Lb
Fn6o6nur $gr-rq-$leoeur; qqflnq
r-91 eiireu
6 Lo ng .

vu wuv. kalvlso! a; "G@r$

31.3.2009 6 preu.renu.r @quq flooar& gflnq

6)unnruusair 6lpneoe

sr#gGpni 80,000 er rirdl 10,000

Geg1$ppgrfl u.l Lon!gri#u@ 20,000 uSueu o retrnaflseir 1,30,00
@eunL: prr sautig 1,00,000 e1&6)guq 20,000
(!Dp6i Galrrig 40,000
61t,r$lnb
eTarlrur 40,000
fleuLb sriauLir
70,000

LDrrGDrr 30,000 70,000

etor riseir OeuerlgLb l6lrioq oqgriqg zuur@ 619un oeinuouarp qp u.r

q,uLnerfl urne Geri$5lri Gerohen
g:rqer1 GeLugorri.

(i) 6Bu.rr < 30,000 GDp6l 6ianain@ arqgorgt.

(ii) plGuuri I 20,000 6r6ir$ Ggnggorguug.

(-) peuLb sLi+Lrb 10% Lo$lLrGufpLb Gourougl.

(rv) snridloULl Lo$luaru { r.000

.96oplrugl.

(v) Clen@uunLr GlunELrq6qg < ?000 gg&g r19ern&1gargt.

Logm$ nL$u@ 56rn&g u a,rr_narineo

0rp6ii s6rrr i gs6ir, q$ *:
Lougeir @qgrl q
$looeud; gflnq .56uar!eop$ p!rnflr;6616.

I pguqs / Turn over

6268 18

(u) Mr. Ravi maintained his .lccount books on single entry sysiem. From the {ollowing
details plepare Trading and Profit and Loss A/c foi rire period ended 31.J.2009
and Balance Sheet as on that clate.

31.3.2008 31.3.2009
Particulars

Iuinitures 5,000 5,000

Sundry debtors 1,25,000 1,75,000
Cash 12,500 20,000
Sundry creditors 75,000 87,500
Sto.k 50,000 25,000

Othei details I
Cash Sales < 2,500 Cash paid to Creclitors t 2,25,000
Drawings { 20,000 Cash received from Debtors { 2,67,500
f)iscount recei./ed { 7,500 Sales RetuIn { 7,500
Discount allor/ed < 5,000 Purchase Rehlm { 2,500
Surdry expenses { 17.500
OR
&) The lbllowing is tl..e Balan e Sheet of Saranya and Mala sha ng profits in the
ratio 3 : 2.
Balxnce Sheet as on 31.3.2009
Amount
Liabilities Assets
({) ({)
Sundly Creditors 80,000 Bank 10,000
Bills Payable 20,000 Sundry Debtors 1,30,000
Profit and Loss A/c 1,00,000 Stock 20,000
Capital A/c N{achinery 40,000
Saranya 40,000 Land and Buildings 70,000
Mala 30,000 70,000
2,70,A0A 2,70,040
Thev decided to admil Ja]'a rnto the parf^ership on Lhe following terms :
til lav; . , rU hring in r .apilJi ol I l0 0 lU.
(n) Goodr,r,.ill of tie fiim being valued at 120,000.
(tn) Land arrd Buil.iirlgs be appreciatecl b1, 109i.
(iv) Stock be depreciated bv { 3,000 and
(v) Provisicn for o,.rtsiarldirlg liabilitv be cre.ited at { 2,000.
Prepare the Revaluadon A/c, Capital A/c and Balance Sheet o{ the reconstituted
firm.
 ).9 626a

54. 31.3.2012-cx 6i,r0

$qg pGueafl eiir of @sanaSl (Dpg 61066[] Lr LL @6n qsor SG g
pTLrrr@eirenen 2012 Loris 31Lb prc6nn@ grqeueouqib gain@8"1g-rflu: esrununT
5 66d.s6b.6,Lrrb ql6]r6ii6nL 6O_l p-ra lqttLJciruq6 purni
8;:;rO.-

6)pneoe 6)pno^oe
u ri rflrn u u sair er-rrr6rqlOuqa5h

er@ Lr qooir 40,000 2,00,000

@pa)
6os Gltrrrg{ELD 17,000 ofl$ ueoor 1,60,000
orrardl Gqn&sLb 65,000 e rerf$Gpni 45,000
ore8 10,000
Cls noirlgppeir 20,000
e[ri6)OUL] (1.a.2011) 60,000
orLgrLb 1,00,000
suantrafls6iT 44,000
Cirggfr6grflu mnpp.i 8r@
rww.k
29,000
6Ll IrL6f)5 4,500

2,500
"ClnU
Clungl 6+eueqseir 8,000]

€l6nps6D6iJr 5,0001
4,05,000 4,05,000

erflioL-@geireoir :

(i) 6Dps sr&61(DLI_t < 40,000.

(ii) €t6Dpe6D6iJr dgi 5% GpurLonarLb $d;e Gorain@Lb.
(in) 6rcluL] i5] --+ 5% +g) Lo6ds.

(iv) 6e n@ur Gouainr+u e,651 I 1,000.

(v) GD6i,r6'Lq Clegl$$u orn_6r6 < 900.

I p49L:qs / Turn ove.

6268 20

Following are the balances extracted from the books of Mr' Natesan on
31'3 2012'

Amount Amount
Debit balances Credit balances

Diawings 40,0001 Capital 2,00,000

Cash in hand 17,oool Sales 1,60,000

Cash at Bank 65.0001 Creditors 45,000

Wages 10.000
Purchases 20,000
Stock (1.4.'11) 60,000
Buildings 1,00,000
Smdry debtors 44,000
B ls receir-a ble 29,400
4,500
lRcnt
2,501)
lConlnxssion
E,000
lGeneral Expcnses
lriT,g.^,; qq1.,, * .w .n t{ 5,000
4,05,000
r- { aI' 4,05,000

Adiustments :

(i) closing stock < 40,000.

(ii) Depreciate Fuiniture bY 5%.

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

(iv) Wages yet to be Paid I 1,000.

(v) Rent prepaid t 900.

Prepare Trading A/c, Profit and Loss A/c for the year ending 313 2012 and also
L]l" Bdl.rnc'5heel I' on lhrt t]Jt"
 21. 6268

55. +o+n 6r6D[urE[ 8p rD$5l6i,r 31.3.2013 rb q@i]r+Dsn6Dr SBdongLb e8uyniscir

6 o ri@ rio u u r@ oireneri. elar ffleE 1D$gJ

(i) GLon$p @eunr a9l61pub (.i) 616[ $eurr a,96prir

(iii) Ouj66 @eunr er9l6lpLb (rq 6lurii6 oll8pb sr6ilrsl

oflguarar { 2,00,000 Sru:$prLn o0fp$$lei: purLb < 400

€is]6)r6D6 6eeuo4oeir a 6,000 6Lon$p $eunrb < 80,000

' p$enn Geeoaqseir { 3,000 ofl$lleoer G+eueqoei { 4,000

errq 6lu$pg1 < 500 $1s1 @eururir < 67,7A0

Asha Limited provides the following information for the year ending 31.3.2013.
Calculate: 'www"$ffilyiSo!ai,aorn
(i) Gross Profii Ratio (n) Net Profit Ratio

(iD Operating Profit Ratio (iv) Operating Ratio

Sales { 2,00,000 Loss on sale of plant < 400

OIfice Expenses < 6,000 Gross Profit < 80,000

Iinarce Expenses < 3,000 Selling Expenses < 4,000

Interest received < 500 Net Profit < 67,-100

I P6nqs / rurn o"e'

5268 22

gpair
56. 6eirergLb oguqri,:soflaSl19pgl $l19Lo$ Glg2dlLon $1gu616irp06iT 2012 A6ireufl
r-o niB Lo npr6:oqgBonen 6 rlnris$ $)
rrLr I rqu.l ei pu-l rfl 66ell r-b'

:,00,0u0 2,50,000 50,000

1,5 0,000 3,00,000 60,000

2011, L+sbui
3,00,000 +,50,000 70,000
20-12, aere-lfl
4,00,000 2,00,000 80,000
2012, illu 116)r fl
5,00,000 3,50,000 70,000
2012, ronrie

a.@peo e$ u ryri.:aoir :

(i) 1.1.2012 eu er$nGpnrigLb Gl[r65 glOLrL] < 75,000'

(n) eqriaorfl$Gpnn sr@Log.gp sredlein onau6 2 Lo[pri]66ir'
(iii) 6.r [+ri6o5!-r r6flir gr@Lo9gp srafleir sneub 2 LDrpr5rs6ir'
(iv) Gleeuelsoir €rpppp Llrpti,r66rfl 6n 6+g$p u u Garatut$t b'
L'r

(v) rgulerrflulleu $)arer6 G+n$56seir { 95,000 {i(9 or9l$oLruuelohatS

of January to March' 2012 from
Prepare a Cash Budget of Jel]1imal Ltd for the months
the Iollowing ilformation

Credit Purchases Cre&t Sales Expenses

Month

2011, November 2,00,000 2,50,000 50,000

3,50,000 3,00,000 60,000

2011, December
3,00,000 .r,50,000 70,000
2072, Jantary
4,00,000 2,00,000 80,000
2012,lebruary
5,00,000 3,50,000 70,000
2012, March

Additional informations :

(i) Expected Cash Balance on 1.1.2012 ( 75,000'

(n) Suppliers allowed credil oI two months'
(iii) Customers allolved credit of t$'o months
(iv) Expenses are Paid in the same monlh'
(v) Sale of Iired Asset in the month oI Febrrary { 95'000'
 23 6268

57. s[ir6D6iD elatquE @grorb < 10 Lo6ur!6rlLu] 20,000 Lrt6t(q5a)orT lu6eneinpri6

{ z geoeno$$lel Gerofluglrrg. un:lgsoir r6pnom gpneos Lgoinou6ong
6leal oou Lr r6)t 6iT6rsr
66l6irr@irrr Lr1i$ 6i,TGLrJrg < 2

ggd;SrqeiiGrng <5 (i 2 @6D6uLD6 Gsf$g)

grpeL cqaogur9ein Gun51 { 3

@gl$ .:rorgrGleiri Grng t 2

et$pgLoLb 30,000 Lrdr(g5@65nolr e$lainedirLr u Er s6jr Guglpg. +erlgeir

10,000 LlrErO6@{isrelr erglairaroruuratseir p[nofldsLrur@ egainemrLrL.r$ Glpreos
$l i5 Lr Gl u gt Lr u rrg1. Lr Lls6ir aEl Gtd6 Lr L.r LO Gpnarooeir .er 6o6irpg Lb
=l6Dp
Llp(96DL!u 16lr GlL l El Ll Ll LL6i.r.
g$luGrr@L: rpqocir p6e, GLogLb orrad oobi-r6(q, Lrrtr€, ggen sarr6,g
u.6$lI Or6r6irLD semr&g io$pib $guq peoeu$ €dnrgeonor gr1,i. 6u**. _.
Charles Companv Ltd. issired 20,000 shares of { 10 each ai a premium
oI { 2 per sh;ue
par-ab1e as under :
!s-€qsu"s.u,vd&otei*so*r
f li:,u, ::::;L.ruding{2prernium)
()n lirst Cali < 3
On Final Call ? ?

The Companv received 30,01J0 applicaLions tor shares. Applicahons for 10,000
.
shares were rejected and refurrded the apph.ahon nLUney. AUmoilv du. was received.
?ass]ounl.ll Entiies, prepare Ledger accounts for Bank A/c, Share Capital A/c,
^
Secudties Premium A/c and also the Balance Sheet.

-o0o-