*RAN-1908001201050001*

R A N - 1 9 0 8 0 0 1 2 0 1 0 5 0 0 0 1

RAN-1908001201050001
M.Com. Part-1 (External) Examination
February - 2021
Financial & Management A/c Paper-II
Course New
k|Q“p : / Instructions
(1)
“uQ¡ v$ip®h¡g  r“ip“uhpmu rhNsp¡ DÑfhlu ‘f Ahíe gMhu. Seat No.:
Fill up strictly the details of  signs on your answer book
Name of the Examination:
 M.Com. Part-1 (External)
Name of the Subject :
 Financial & Management A/c Paper-II Course New
Subject Code No.: 1908001201050001 Student’s Signature

â-1. “uQ¡“p âï“p¡“p S>hpb Ap‘p¡. (20)

(1) sp. 31-3-19 “p fp¡S> l¡à‘u gpCa CÞõep¡fÞk L„$‘“u“y„ Æh“ hudp c„X$p¡m
ê$p. 72,72,720 ls„y, d|ëep„L$“ kdeNpmp“y„ Q|L$h¡g hQNpmp“y„ bp¡“k
ê$p. 1,03,680 lsy„. hudp v$f“p r“óZps Ar^L$pfu Üpfp L$f¡g d|ëep„L$“ dyS>b
Qp¡¿Mp S>hpbv$pfu ê$p. 56,09,712 “¼L$u ’C lsu. ‘pR>gp hj®“p “ap“u bpL$u
ê$p. 7,77,600 lsu. k„QpgL$p¡ A¡ k|rQs L$ey® L¡$ Ly$g h^pfp ‘¥L$u ê$p. 8,16,012 bpL$u
fpMu, bpL$u“u fL$d i¡f lp¡ëX$fp¡ A“¡ ‘p¡guku ^pfL$p¡“¡ 3:7 “p âdpZdp„ hl¡Qhu.
s¥epf L$fp¡ : I - 31-3-19 “p fp¡S>“y„ d|ëep„L$“ ‘pLy$ kfh¥ey
II - d|ëep„L$“ kdeNpmp“p¡ Qp¡¿Mp¡ “ap¡
III - h^pfp“u hl¢QZu
(2) “uQ¡ Ap‘¡gu rhNsp¡ ‘f’u dlpkpNf CÞõeyfÞk L„$‘“u“p v$qfepC rhcpN dpV¡$“y
sp. 31-3-19 “p fp¡S>“y„ R>¡hV$“y„ cprh Å¡Md A“pds“u NZsfu L$fp¡.
rhNs ku^p ^„^pA„N¡ ê$p. ‘y“:hudp A„N¡ ê$p.
rârded-dm¡g 5,45,000 2,10,000
dmhp“y bpL$u - iê$Aps“y 48,000 27,000
- R>¡hV$“y„ 62,000 21,000
rârded Q|L$h¡g - 1,90,000
Q|L$hhp“y bpL$u - iê$Aps“y - 22,000
- R>¡hV$“y - 32,000
P4080

RAN-1908001201050001 ] [1] [ P.T.O. ]

 (3) rÓh¡Zu rg. “p 31-3-19 “p fp¡S>“p L$pQpkfh¥ep L¡$V$guL$ rhNsp¡ “uQ¡ dyS>b R>¡.
rhNs D^pf ê$p. S>dp ê$p.
AphL$ h¡fp“u Å¡NhpC (1-4-18) - 3,96,000
“ap-“yL$ip“ Mpsy (1-4-18) - 6,60,000
ANpD’u Q|L$h¡g AphL$ h¡fp¡ (1-4-18) 2,90,400 -
ANpD’u Q|L$h¡g AphL$ h¡fp¡ (Qpgy hj®“p¡) 3,90,600 -
d|mõ’p“¡’u L$‘pe¡g AphL$ h¡fp¡ 26,400 52,800
hj® 2017-18 “u AphL$ h¡fp“u ApL$pfZu Qpgy hj£ ‘|fu ’C lsu A“¡ s¡“u
S>hpbv$pfu ê$p. 4,22,000 “L$L$u ’C lsu L„$‘“u“p¡ Qpgy hj®“p¡ “ap¡ ê$p. 10,50,000.
lsp¡. L„$‘“u 24% g¡M¡ AphL$ h¡fp¡ Q|L$h¡ R>¡.
L„$‘“u ^pfp - 2013 dyS>b“p hprj®L$ rlkpbdp„ Akf v$ip®hp¡.
(4) sp. 31-3-19 “p fp¡S>“p hprj®L$ rlkpbp¡ s¥epf L$fsu cê$Q dy¿e Ap¡qak“p Qp¡‘X$pdp„
ipMp kp’¡“p “uQ¡“p ìehlpfp¡“u Apd“p¢^ gMp¡.
a) cê$Q dy¿e Ap¡qak¡ sp. 28-3-19 “p fp¡S> kyfs ipMp“¡ ê$p. 30,000 “p¡ dpg
dp¡L$ëep lsp¡, S>¡ ipMp“¡ sp. 3-4 -19 “p fp¡S> dýep¡ lsp¡.
b) kyfs ipMpA¡ ê$p. 21,000 “u fp¡L$X$ cê$Q dy¿e Ap¡qak“¡ sp. 29-3-19,“p
fp¡S> dp¡L$gu lsu, S>¡ cê$Q dy¿e Ap¡qak“¡ sp. 2-4-19 “p fp¡S> dmu lsu.
c) cê$Q dy¿e Ap¡qak“p Qp¡‘X¡$ kyQu ipMp“y„ ar“®Qf ê$p. 50,000. “u bpL$u v$ip®h¡
R>¡ hj®“p A„s¡ s¡“p ‘f 10% Okpfp¡ NZhp“p¡ R>¡.
d) cê$Q dy¿e Ap¡qak¡ ‘p¡sp“u kyQu ipMp“p MQp® ê$p. 31,000 Q|L$h¡g S>¡“u L$p¡C
lhpmp “p¢^ Qp¡‘X$pdp„ ’C “’u.
e) hgkpX$ ipMp“p N°plL¡$ kyQu ipMp“¡ ê$p. 45,000 “p¡ dpg ‘fs L$ep£ (ipMp
A¡L$buÅ“p Qp¡‘X$p fpMsu “’u)
â. 2. S>e L$ÞõV²$¼i“ rg. “y„ sp. 31-3-19 “p fp¡S>“y L$pQy„ kfh¥ey “uQ¡ dyS>b R>¡. (20)
D^pf ê$p. S>dp ê$p.
fp¡L$X$ rkgL$ 30,200 C[¼hV$u i¡fd|X$u 8,40,000
b¢L$ rkgL$ 1,80,000 (v$f¡L$ 10 “p¡)
dp¡V$fhp“ 50,000 Okpfp Å¡NhpC (1-4-18)
S>du“ dL$p“ 13,20,000 - e„Óp¡ 42,000
e„Óp¡ 2,80,000 - S>du“ dL$p“ 1,00,000
iê$“p¡ õV$p¡L$ 2,40,000 - dp¡V$fhp“ 20,000
hluhV$u MQp® 3,53,000 h¡QpZ 41,30,000
Mfuv$u 27,75,000 cpXy„$ 72,000
k„QpgL$ue dl¡“spÏ„ 1,00,000 fp¡L$pZp¡‘f ìepS> (“¡V$) 6,800
fp¡L$pZp¡ (‘.qL$.) 1,35,000 (d|mõ’p“¡ ’u L$fL$‘ps 10%
qX$b¡ÞQf ìepS> 21,000 9 % “p qX$b¡ÞQf 3,00,000
b¢L$. ìepS> 11,640 b¢L$ Ap¡hf X²$pãV$ 14,600
P4080

RAN-1908001201050001 ] [2] [ Contd.

 D^pf ê$p. S>dp ê$p.
v$¡hpv$pfp¡ 6,20,000 g¡Zv$pfp¡ 3,02,000
hQNpmp“y„ qX$rhX$ÞX$ 33,600 “ap“yL$ip“ Mpsy (1-4-18) 1,15,040
bpL$u l‘“p 2,000 kpdpÞe A“pds (1-4-18) 2,00,000
i¡f D‘gL$ Mpsy 6,000
“rl d„Nph¡g qX$rhX$ÞX$ 3,000
61,51,440 61,51,440
“uQ¡“u dprlsu Ýep“dp„ gC L„$‘“u“p hprj®L$ rlkpbp¡ s¥epf L$fp¡.
(1) R>¡hV$“p õV$p¡L$“u ‘X$sf qL„$ds ê$p. 3,34,000.
(2) sp. 1-8-2018 “p fp¡S> 2000 C[¼hV$ui¡f ‘f bpL$u l‘“p lsp s¡ C[¼hV$u i¡f
S>às L$ep® lsp. Ap S>às L$f¡g i¡f sp. 1-12-2018 “p fp¡S> ‘|Z® cf‘pC
sfuL¡$ ê$p. 6,000 dp„ Apàep. S>¡“u fL$d i¡f D‘gL$Mps¡ S>dp L$fu R>¡. S>¡“u
Mpspdp„ Akf Ap‘hp“u bpL$u R>¡.
(3) k„QpgL$p¡ A¡ hprj®L$ 10 % g¡M¡ R>¡hV$“p qX$rhX$ÞX$“u cgpdZ L$fu R>¡.
(4) dp¡V$fhp“‘f 20 % A“¡ S>du“-dL$p“ ‘f 3 % g¡M¡ OV$su S>su bpL$u“u fus¡
Okpfp“u Å¡NhpC L$fp¡. e„Óp¡ ‘f 2.5% g¡M¡ ku^u guV$u ‘Ý^rsA¡ Okpfp¡ NZp¡.
(5) d¡“¡tS>N qX$f¡¼V$f Qp¡¿Mp “ap“p 10% dl¡“spÏ„ g¡hp lL$v$pf R>¡.
(6) L$fh¡fp“u Å¡NhpC 25.17% g¡M¡ L$fhu.
â. 3. sp. 31-3-2019 “p fp¡S>“y„ “d®v$ huS> L„$‘“u rg. “y„ L$pdy kfh¥ey “uQ¡ dyS>b R>¡. (15)
D^pf ê$p. S>dp ê$p.
v$¡hpv$pfhp¡ 1,70,000 C[¼hV$u i¡fd|X$u 35,00,000
Qpgyhj®“p¡ Okpfp¡ 2,80,000 (v$f¡L$ 100 “p¡)
kfL$pfu Ådu“Nufu 20,00,000 Okpfp a„X$ (31-3-18) 5,00,000
(6 hi®“u dyØs) i¡f âurded 20,000
h¡‘pf dpV¡$ huS> Mfuv$u 9,00,000 ‘fQ|fZ g¡Zv$pfp¡ 1,50,000
ê$fg Bg¡. L$p¡‘p£. gp¡“ ìepS> 90,000 duV$fcpXy$ 30,000
fp¡L$X$ A“¡ b¢L$ rkgL$ 4,00,000 5.25 % “u ê$fg C.L$p¡. gp¡“ 20,00,000
kp¡gpf huS> Mfuv$u 60,000 fp¡L$pZ A“pds a„X$ 90,000
huS>mu rhsfZ MQp® 2,50,000 dfpds-“rh“L$fZ A“pds 2,80,000
hluhV$u MQp® 1,00,000 fp¡L$pZp¡ ‘f“y ìepS> 80,000
àgpÞV$ - kp^“p¡ (1-4-18) 42,00,000 “ap-“yL$ip“ Mpsy (1-4-18) 1,30,000
‘Npf cÕ’p 1,40,000 duV$f Üpfp h¡QpZ 16,15,000
õV$p¡k®, L$p¡gkp“p¡ õV$p¡L$ 2,80,000 L$fpf Üpfp h¡QpZ 4,40,000
dfpds-“rh“uL$fZ MQ® 80,000 âkpqfs kfL$pfu N°pÞV$ 1,00,00
(Mf¡Mf) ê$fg Bg¡. L$p¡. rg. gp¡“ ìepS> 15,000
QyL$hhp“y bpL$u
89,50,000 89,50,000
P4080

RAN-1908001201050001 ] [3] [ P.T.O. ]

 “uQ¡“u dprlsu Ýep“dp„ gC L„$‘“u ^pfp 2013 “u Å¡NhpC dyS>b hprj®L$ rlkpbp¡
s¥epf L$fp¡.
(1) L„$‘“uA¡ Ly$g ê$. 65,000 “p âurded ’u 15,000 ‘|Z® cf‘pC C[¼hV$u i¡f
blpf ‘pX$ép.
(2) L„$‘“uA¡ hj® v$fçep“ àgpÞV$-kp^“p¡ k„b„^u h^pfp“p¡ d|X$u MQ® ê$p. 15,50,000
L$f¡g R>¡.
(3) “ap-“yL$ip“ Mps¡’u v$f hj£ ê$p. 50,000 “u [õ’f fL$d apmhu“¡ dfpds A“¡
“rh“uL$fZ A“pds Ecy L$fhpdp„ Aphp¡ R>¡.
(4) Qpgy hj®’u L$fh¡fp“u S>hpbv$pfu ê$p. 2,40,000 “u Å¡NhpC L$fp¡.
A’hp
â. 3. Apeyj Æh“ hudp L„$‘“u“y„ sp. 31-3-19 “p fp¡S>“y„ L$pQy kfh¥ey„. (15)
D^pf ê$p. S>dp ê$p.
ifZd|ëe 95,200 i¡fd|X$u 10,20,000
Q|L$h¡g qX$rhX$ÞX$ 1,36,000 (ê$p. 10 “p¡ A„L$)
lp’‘f fp¡L$X$ 81,600 ìepS> - qX$rhX$ÞX$ 7,71,200
‘p¡guku^pfL$p¡“¡ bp¡“k 2,75,400 Æh“ hudp c„X$p¡m 74,25,600
qX$‘p¡TuV$ 2,04,000 (1-4-18)
Q|L$h¡g v$phpAp¡ 13,94,000 dm¡g âurded 11,25,400
L„$‘“u“u ‘p¡guku ‘f gp¡“ 11,90,000
Q|L$h¡g L$rdi“ 81,600
fp¡L$pZp¡ 27,88,000
k„Qpg“ MQp® 2,52,960
Nufp¡ dy¼s rdëL$sp¡ 3,06,000
rdëL$s ‘f Nufp¡ gp¡“ 34,68,000
A¡S>ÞV$p¡“p¡ Mpsp„ 70,040
1,03,42,800 1,03,42,800
sp. 31-3-19 “p ‘|fp ’sp hj®“u “uQ¡“u dprlsu“p Ap^pf¡ dl¡kygu Mpsy s’p s¡ qv$hk“y„
‘pLy$ kfh¥ey s¥epf L$fp¡.
(1) fS|> L$f¡g ‘f„sy “rl Q|L$h¡g v$php ê$p. 95,200
(2) Q|L$hhp“p¡ bpL$u k„Qpg“ MQ® ê$p. 13,600
(3) ‘y“:hudp l¡W$m“p v$phpAp¡ ê$p. 27,200
(4) âurded OV$pX$pê$‘¡ bp¡“k ê$p. 20,400
(5) dmhp“y„ bpL$u âurded ê$p. 81,600
(6) dmhp“y„ bpL$u ìepS> ê$p. 1,56,400
P4080

RAN-1908001201050001 ] [4] [ Contd.

â. 4. d¡V²$p¡ rg. “u A¡L$ ipMp Þeyep¡L®$dp„ R>¡. sp. 31-3-2019 “p fp¡S>“y„ L$pQy kfh¥ey (15)
“uQ¡ dyS>b R>¡.
D^pf X$p¡gf ($) S>dp X$p¡gf ($)
iê$ õV$p¡L$ 13,440 dy¿e Ap¡qak Mpsy 27,360
ar“®Qf 1,920 h¡QpZ 99,840
Mfuv$u 57,600 g¡Zv$pfp¡ 4,080
dy¿e Ap¡qak¡ ’u dp¡L$g¡g dpg 19,200
dSy>fu 450
AphL$dpg NpX$p cpXy$ 270
AÞe MQp® 480
àgpÞV$ - e„Óp¡ 28,800
v$¡hpv$pfp¡ 5,760
lp’ ‘f fp¡L$X$ 240
b¢L$dp„ rkgL$ 1,200
‘Npf 1,440
cpXy$ - h¡Q 480
1,31,280 1,31,280
AÞe dprlsu
(1) sp. 31-3-19 õV$p¡L$ $ 12,480 R>¡.
(2) dy¿e Ap¡qak¡ ipMp ‘pk¡’u ê$p. 10,32,000 g¡hp“p R>¡.
(3) Q|L$hhp“u bpL$u dS|>fu $ 240.
(4) dy¿e Ap¡qak¡ ipMp“¡ ê$p. 9,45,600 “p¡ dpg dp¡L$g¡g R>¡.
(5) hj®“u iê$Aps L¡$ ApMfdp„ L$p¡C dpN®õ’ dpg “’u.
(6) sp. 1-4-2017 “p fp¡S> [õ’f rdëL$sp¡ Mfuv$hpdp„ Aphu lsu s¡ kde¡ rhr“de
v$f 1 $ $ = ip. 60 lsp¡.
(7) àgpÞV$ A“¡ e„Óp¡ ‘f 10% A“¡ ar“®Qf ‘f 5% Okpfp¡ NZhp“p¡ R>¡.
(8) 1-4-18 “p fp¡S> rhr“de v$f 1 $ = ê$p. 63 A“¡ 31-3-2019 “p fp¡S>
rhr“de v$f 1 $ = ê$p. 67 lsp¡.
s¥epf L$fp¡ :
I sp. 31-3-19 “p fp¡S>“y ê$r‘epdp„ L$pQy kfh¥ey
II 31-3-19 “p fp¡S>“y dy¿e Ap¡qak “p Qp¡‘X¡$, “ap-“yL$ip“ Mpsy A“¡ ‘pLy$ kfh¥ey.
A’hp
P4080

RAN-1908001201050001 ] [5] [ P.T.O. ]

â. 4. S>“fg CÞõeyfÞk L„$‘“u“y„ sp. 31-3-19. “p fp¡S>“y„ L$pQy kfh¥ey„. (15)
D^pf ê$p. S>dp ê$p.
k„QpgL$ue MQp® ApN hudp“y„ Å¡Md 10,00,400
- ApN 61,500 A“pds (1-4-18)
- kdyÖ 77,900 ApNhudp“y„ âurded 2,78,800
Q|L$h¡g v$php - ApN 1,00,040 ìepS> - qX$rhX$ÞX$ 2,02,540
- kdyÖ 87,740 fp¡L$pZ h^OV$ A“pds 59,040
dmhp“y bpL$u âurded 5,740 â¡afÞk i¡fd|X$u (v$f¡L$
Ap¡qX$V$ au 3,280 100 “p¡ ê$p. 80 cf‘pC) 6,56,000
qX$f¡¼V$f au 5,740 C[¼hV$u i¡fd|X$u (v$f¡L$ 10 “p¡
dp¡V$f 19,680 ê$p. 8 cf‘pC) 16,40,000
S>du“-dL$p“ 8,20,000 v$fepB hudp Å¡Md A“pds
b¢L$ rkgL$ 1,23,000 (1-4-18) 15,08,800
fp¡L$X$ rkgL$ 25,420 v$fuepC hudp âurded 5,83,840
dmhp‘Z ApN“p v$php 7,380 âp¡rhX$ÞX$ a„X$ 75,440
ar“®Qf (‘X$sf ê$p. 73,800) 65,600 i¡f V²$pÞkaf au 2,460
L$rdi“ - ApN 18,040 i¡f S>àsu Mpsy 5,740
- kdyÖ 22,140 A“pds a„X$ 1,86,140
çeyr“ku‘g V¡$n 22,140 v$php Q|L$hhp“p bpL$u
fp¡L$pZp¡ 49,20,000 - ApN 17,220
AÞe hudp L„$‘“u“p 9,840 - kdyÖ 13,940
dmhp ‘pÓ AÞe hudp L„$‘“u“p 46,740
Q|L$hhp ‘pÓ
“ap“yL$ip“ Mpsy 1,00,040
g¡Zv$pfp¡ 18,040
63,95,180 63,95,180
AÞe dprlsu :
(1) dp¡V$f L$pf ‘f 15% g¡M¡ Okpfp¡ NZp¡.
(2) ar“®Qf ‘f Okpfp¡ d|mqL„$ds ‘f 10% g¡M¡ NZp¡.
(3) r“ed A“ykpf cprhÅ¡Md A“pds fpMp¡.
(4) fp¡L$pZ h^OV$ A“pds ê$p. 65,740 fpMp¡.
sp. 31-3-19 “p fp¡S>“y dl¡kygu Mpsy, “ap-“yL$ip“ ‘ÓL$ s’p ‘pLy$ kfh¥ey s¥epf L$fp¡.
â. 5. “uQ¡“p âï“p¡ ‘¥L$u Nd¡ s¡ b¡ “p S>hpb Ap‘p¡. (15)
(1) dp“h k„‘rs rlkpbp¡“u ìep¿ep Ap‘u s¡“p apev$p S>Zphp¡.
(2) ‘ep®hfZ gnu rlkpbu ‘Ý^rs A¡V$g¡ iy„? rhrh^ v$¡ip¡dp„ ’e¡gp rhL$pk“y„ Ahgp¡L$“ L$fp¡.
(3) k„QpgL$p¡ kdn fS|> L$fhp“p Al¡hpg s¥epf L$fsu hMs¡ Ýep“dp„ g¡hp“p rhrh^ rkÝ^p„sp¡
S>Zphp¡.
P4080

RAN-1908001201050001 ] [6] [ Contd.

â. 6. V|„$L$“p¢^ gMp¡. (Nd¡ s¡ ÓZ) (15)
(1) d|ëeh©[Ý^ ‘ÓL$ A“¡ s¡“u D‘ep¡rNsp
(2) DÃQ k„QpgL$p¡ kdn fSy> L$fhp“p Al¡hpgp¡
(3) dp“h k„‘rs d|ëep„L$““u A¥rslprkL$ ‘X$sf ‘Ý^rs
(4) ‘ep®hfZgnu rlkpbu ‘Ý^rs“y L$pe®n¡Ó

ENGLISH VERSION
Q. 1. Give answer of following question. (20)
(1) The Life Insurance fund of Happy Insurance Co. was Rs. 72,72,720
on 31-3-19. The interim bonus paid during the valuation period was
Rs. 1,03,680. The valuation of Net Liability as per insurance rate expert
officer was 56,09,712. Surplus brought forward from previous year was
Rs. 7,77,600. The management of the company proposed to carry forwards
Rs. 8,16,012 out of total surplus and to divide the remaining balance to
shareholders and policy holders in the ratio of 3 : 7.
Prepare : I – Valuation balance sheet as on 31-3-19.
II – Net profit for the valuation period.
III – Distribution of surplus.
(2) 
Find reserve for unexpired risk as on 31-3 -19 from the following
particulars of ocean department of Mahasagar Insurance Company.
Particulars Direct Business Rs. Re-insurance Rs.
Premium received 5,45,000 2,10,000
Receivable premium : Opening 48,000 27,000
: Closing 62,000 21,000
Premium Paid - 1,90,000
Premium payable : Opening - 22,000
: Closing - 32,000
(3) Some partial balances from trial balance as on 31-3-19 of Trivani Ltd. as
follows :
Particulars Debit Rs. Credit Rs.
Income tax provision (1- 4 -18) - 3,96,000
Profit and Loss Account (1- 4 -18) - 6,60,000
Prepaid Income Tax (1- 4 -18) 2,90,400 -
Prepaid Income Tax (current year) 3,90,600 -
Tax deducted at source 26,400 52,800
Assessment of year 2017-18 was completed in current year (2018-19) and
tax liability was determined at Rs. 4,22,000.
Current year profit of company was Rs. 10,50,000. Company pay income
tax at 24% show the effects in annual account as per company Act 2013.
P4080

RAN-1908001201050001 ] [7] [ P.T.O. ]

 (4) Pass journal entries for transaction with branch in the books of Bharuch
Head office, where preparing the final account as on 31-3-19.
(A) Bharuch Head office has sent goods worth Rs. 30,000 to Surat
branch on 28-3-19, which was received by branch on 3-4 -19.
(B) Surat branch has sent Rs. 21,000 cash to Bharuch Head office on
29-3-19, which was received by Bharuch Head office on 3-4 -19.
(C) The Head office at Bharuch maintain the account of Surat branch
which shows the furniture of Rs. 50,000. Calculate the 10 %
depreciation on furniture at the end of year.
(D) Expenses paid by the Bhrauch head office for its Surat branch
Rs. 31,000 not yet adjusted on the account.
(E) Goods of Rs. 45,000 were returned by customer of Valsad branch
to Surat branch. [Branches do not maintained inter transaction
account.]

Q. 2.
Trial balance of Jay Construction Ltd. as on 31-3-19 are as follows : (20)
Debit Rs. Credit Rs.
Cash on hand 30,200 Equity share capital 8,40,000
Bank balance 1,80,000 (Each of Rs. 10)
Motor van 50,000 Depreciation (1- 4 -18)
Land-Building 13,20,000 – Machinery 42,000
Machinery 2,80,000 – Land-Building 1,00,000
Opening stock 2,40,000 – Motor van 20,000
Administrative expenses 3,53,000 Sales 41,30,000
Purchases 27,75,000 Rent 72,000
Managerial Remuneration 1,00,000 Interest on Investment 6,800
Investment (cost price) 1,35,000 (Net) (TDS - 10 %)
Interest on Debenture 21,000 9 % Debenture 3,00,000
Bank interest 11,640 Bank over draft 14,600
Debtors 6,20,000 Creditors 3,02,000
Interim Dividend 33,600 Profit and Loss Account 1,15,040
Call in Arriers 2,000 (1- 4 -18)
General reserve (1- 4 -18) 2,00,000
Share Suspense account 6,000
Dividend not paid 3,000
61,51,440 61,51,440
Prepare Final Account of company after taking into consideration
following adjustments :
(1) Cost of closing stock was Rs. 3,34,000.
(2)  2000 Equity share forfeited on 1-8-2018 on which calls were
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 unpaid, this forfeited equity shares were reissued on 1-12-2018 for
Rs. 6,000 as fully paid up. The amount received was credited to
share suspense account. The effect of which is left to be given in
equity share capital Account.
(3) 10 % Final dividend recommended by management.
(4) Provision for depreciation on motor van 20 % and Land-Building
at 3 % as per written down method. Calculate 2.5% depreciation on
machineries by straight line method.
(5) Managing director is entitled to get remunerating of 10% of the net
profit.
(6) Provision for taxation is to be made @ 25.17%.

Q. 3. Following is the trial balance of Narmad Electricity Co. Ltd. as on (15)

31-3-2019.
Debit Rs. Credit Rs.
Sundry debtors 1,70,000 Equity share capital 35,00,000
Depreciation (current year) 2,80,000 (each of Rs. 100)
Government securities 20,00,000 Depreciation fund 5,00,000
(For 6 years) (31-3-18)
Electricity purchase for 9,00,000 Share premium 20,000
Business Sundry creditor 1,50,000
Interest on RECL loan 90,000 Meter Rent 30,000
Cash and bank balance 4,00,000 5.25 % RECL loan 20,00,000
Purchase of solar power 60,000 Investment reserve fund 90,000
Electricity distribution 2,50,000 Repairs and renovation 2,80,000
expenses reserve
Administrative expenses 1,00,000 Interest on Investment 80,000
Plant and Equipment 42,00,000 Profit-Loss Account
(1-4 -18) (1- 4 -18) 1,30,000
Salary-Allowances 1,40,000 Sale by meter 16,15,000
Stock of stores, Coal 2,80,000 Sale by contract 4,40,000
Repairs and Renovation 80,000 Defferal Govt. Grants 1,00,00
Expenses (Actual) Out standing interest on 15,000
RECL loan
89,50,000 89,50,000
Prepare Final Account as per companies Act 2013 after taking in to
consideration following adjustment.
(1) During the year, company incurred capital expenditure of
Rs. 15,50,000 on Plant and Equipments.
(2) Company issued fully paid up 15000 equity shares at total premium
of Rs. 65,000.
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 (3) Repairs and Renovation Reserve fund is created by transferring
Rs. 50,000 from profit and loss account every year.
(4) Provision for tax is Rs. 2,40,000 for the current year.
OR
Q. 3. Trial balance of Aayush Jivan Vima Company as on 31-3-19. (15)
Debit Rs. Credit Rs.
Annuity 95,200 Share capital 10,20,000
Dividend paid 1,36,000 (Each of Rs. 10)
Cash on hand 81,600 Interest - Dividend 7,71,200
Bonus to policyholders 2,75,400 Life Insurance fund 74,25,600
Deposit 2,04,000 (1- 4 -18)
Claims paid 13,94,000 Premium received 11,25,400
Loan on company’s policy 11,90,000
Commission paid 81,600
Investment 27,88,000
Management expenses 2,52,960
Free hold property 3,06,000
Mortgage loan on Assets 34,68,000
Agents Account 70,040
1,03,42,800 1,03,42,800
Prepare revenue account and balance sheet as on 31-3-19 on the basis of
following information.
(1) Claims intimated but not paid Rs. 95,200
(2) Out standing management expenses Rs. 13,600
(3) Claims under re-inusrance Rs. 27,200
(4) Bonus as reduction in premium Rs. 20,400
(5) Premium receivable Rs. 81,600
(6) Interest receivable Rs. 1,56,400

Q. 4. Metro Ltd. has a branch in New York. The trial balance of the branch as (15)
on 31-3-19 is given below :
Debit Rs. Credit Rs.
Opening stock 13,440 Head Office Account 27,360
Furniture 1,920 Sales 99,840
Purchase 57,600 Creditors 4,080
Goods sent by H.O. 19,200
Wages 450
Carriage Inward 270
Other expenses 480
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 Debit Rs. Credit Rs.
Plant - Machinery 28,800
Debtors 5,760
Cash on hand 240
Bank balance 1,200
Salary 1,440
Rent - Taxes 480
1,31,280 1,31,280
Additional information :
(1) Stock on 31-3-19 $ 12,480.
(2) Head office shares account of Rs. 10,32,00 Due from branch.
(3) Out standing wages $ 240.
(4) Head office sent goods of Rs. 9,45,600 to branch.
(5) There is no goods in transit either in the beginning or end
of the year.
(6) Fixed Assets were purchased on 1- 4 -2017, at that time exchange
rate was 1$ = Rs. 60.
(7) Calculate depreciation on Plant-Machinery at 10% and on Furniture
at 5%.
(8) Exchange rate → 1- 4 -18 – 1$ = Rs. 63
31- 3-19 – 1$ = Rs. 67
Prepare :
I. Converted trial balance in rupees.
II. Profit and Loss Account and balance sheet as on 31-3-19 in the
books of Head office.
OR
Q. 4. Trial balance of General Insurance Company as on 31-3-19. (15)
Debit Rs. Credit Rs.
Administrative expenses Reserve for unexpired 10,00,400
– Fire 61,500 risk (1-4-18) – Fire
– Marine 77,900 Insurance premium  – Fire 2,78,800
Claims paid – Fire 1,00,040 Interest – Dividend 2,02,540
– Marine 87,740 Investment fluctuation 59,040
Premium Receivable 5,740 fund
Audit fee. 3,280 Preference share capital 6,56,000
Director fee. 5,740 (each Rs. 100, 80 paidup)
Motor 19,680 Equity share capital 16,40,000
Land - Building 8,20,000 (each Rs. 10, 8 paidup)
Bank 1,23,000 (1- 4 -18) – Marine 15,08,800
Cash 25,420 Marine insurance 5,83,840
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 Debit Rs. Credit Rs.
Claims receivable – Fire 7,380 premium
Furniture (cost - 73,800) 65,600 Providend fund 75,440
Commission – Fire 18,040 Share transfer fee 2,460
– Marine 22,140 Share Forfeited Account 5,740
Municipal Tax 22,140 Reserve fund 1,86,140
Investments 49,20,000 Claims payable  – Fire 17,220
Receivable from other 9,840 – Marine 13,940
insurance company Payable to other 46,740
insurance company
Profit - Loss Account 1,00,040
Creditors 18,040
63,95,180 63,95,180
Additional information :
(1) Calculate depreciation on motor car at 15%.
(2) Calculate depreciation on Furniture at 10% of cost price.
(3) Maintain reserve for unexpired risk as per the rules.
(4) Investment fluctuation fund is maintained at Rs. 65,740.
Prepare Revenue Account, Profit and Loss statement and balance sheet
as on 31-3-19.

Q. 5. Answer the following : (Any two) (15)

(1) Define human resource accounting and explain its benefits.
(2) What is environmental accounting system? Review the development
of environment accounting system in different countries.
(3) State the principles to be considered while preparing reports to be
submitted to the management.

Q. 6. Write short notes. (Any three) (15)

(1) Explain value added statement and utility of value added income.
(2) The report to be presented before top management.
(3) Historical cost method of Human Resource Accounting method.
(4) Scope of environmental account method.
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