Series : WYXZ6 SET ~ 1

-
Q.P. Code 67/6/1
Roll No.
- -
-
Candidates must write the Q.P. Code
on the title page of the answer-book.

(I) - 39
Please check that this question paper contains 39 printed pages.
(II) - - - -
Q.P. Code given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
(III) - 34
Please check that this question paper contains 34 questions.
(IV) , -
Please write down the Serial Number of the question in the
answer-book at the given place before attempting it.
(V) - 15 -
10.15 10.15 10.30 -
-
15 minute time has been allotted to read this question paper. The
question paper will be distributed at 10.15 a.m. From 10.15 a.m. to
10.30 a.m., the candidates will read the question paper only and will not
# write any answer on the answer-book during this period.

ACCOUNTANCY
3 80
Time allowed : 3 hours Maximum Marks : 80

67/6/1 #1# P.T.O.

(i) - 34
(ii) -
(iii)
(iv)
I:
II :
(v) 1 16 27 30
1
(vi) 17 20 31 32 -
3
(vii) 21, 22 33 - -I
4
(viii) 23 26 34 - -II
6
(ix) - ,

1. , 5:3:2 -

, , 1

(A) 5:2:2:1
(B) 3:3:2:2
(C) 3:2:3:2
(D) 4:3:2:1

67/6/1 #2#
General Instructions :
Read the following instructions carefully and follow them :
(i) This question paper contains 34 questions. All questions are compulsory.
(ii) This question paper is divided into two parts Part A and Part B.
(iii) Part A is compulsory for all candidates.
(iv) Part B has two options. Candidates have to attempt only one of the given
options.
Option I : Analysis of Financial Statements
Option II : Computerised Accounting
(v) Questions number 1 to 16 (Part A) and Questions number 27 to 30 (Part B) are
multiple choice questions. Each question carries 1 mark.
(vi) Questions number 17 to 20 (Part A) and Questions number 31 and 32 (Part B)
are short answer type questions. Each question carries 3 marks.
(vii) Questions number 21, 22 (Part A) and Question number 33 (Part B) are Long
answer type-I questions. Each question carries 4 marks.
(viii) Questions number 23 to 26 (Part A) and Question number 34 (Part B) are Long
answer type-II questions. Each question carries 6 marks.
(ix) There is no overall choice. However, an internal choice has been provided in few
questions in each of the parts.

PART A
(Accounting for Partnership Firms and Companies)

1. A, B and C were partners in a firm sharing profits and losses in the ratio
th
of 5 : 3 : 2. D was admitted as a new partner for share in the profits
of the firm. D acquired his share entirely from A. The new profit sharing
ratio between A, B, C and D will be : 1
(A) 5:2:2:1
(B) 3:3:2:2
(C) 3:2:3:2
(D) 4:3:2:1

67/6/1 #3# P.T.O.

2. , 2:2:1 -
12%
1 , 2023
20,000 31 , 2024
__________ 1

(A) 6 (B) 6

(C) 5 (D) 5

3. (A) (R) :
(A) :
-
(R) :
1
(A) (A) (R) (R), (A)

(B) (A) (R) , (R), (A)

(C) (A) , (R)

(D) (A) , (R)

4. ( )
, 1
(A)
(B)
(C)
(D)

( )
1
(A) (B)
(C) (D)

67/6/1 #4#
2. Ravi, Mohan and Vinod were partners in a firm sharing profits and losses
in the ratio of 2 : 2 : 1. The partnership deed provided that interest on
1st July,
2023, Mohan withdrew 20,000 every month for his personal use. For the
year ended 31st
charged for ___________ months. 1

(A) 6 (B) 6

(C) 5 (D) 5

3. There are two statements Assertion (A) and Reason (R) :

Assertion (A) : Partnership is the result of an agreement between two or
more persons to do business and share its profits and
losses.
Reason (R) : Partnership agreement should always be in written form.
Choose the correct alternative from the following : 1
(A) Both Assertion (A) and Reason (R) are correct and Reason (R) is
the correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are correct, but Reason (R) is
not the correct explanation of Assertion (A).
(C) Assertion (A) is correct, but Reason (R) is incorrect.
(D) Assertion (A) is incorrect, but Reason (R) is correct.

4. (a) A portion of the uncalled capital reserved by a company to be

called only in the event of winding up of the company, is called : 1
(A) Subscribed but not fully paid up capital
(B) Unissued capital
(C) Reserve capital
(D) Subscribed capital

OR
(b) When applications for more shares of a company are received than
the number of shares offered to the public for subscription, it is
known as : 1
(A) Over subscription (B) Full subscription
(C) Subscription at premium (D) Under subscription

67/6/1 #5# P.T.O.

5. ( ) , 5:3:2 -
31 , 2024 -
60,000 1 , 2024
2:2:1 -
1
,

() ()
(A) 30,000
18,000
12,000
- 60,000

(B) 24,000
24,000
12,000
- 60,000

(C) 6,000
6,000

(D) 6,000
6,000

( ) 3:1 -

8,00,000
50,000 60,000
10%
_________ 1
(A) 80,000 (B) 10,000
(C) 84,000 (D) 74,000

67/6/1 #6#
5. (a) Manav, Mayank and Manish were partners in a firm sharing
profits and losses in the ratio of 5 : 3 : 2. On 31st March, 2024,
their Balance Sheet showed a debit balance of 60,000 in the
st
Profit and Loss Account. They decided that from 1 April, 2024
they will share profits in the ratio of 2 : 2 : 1. The journal entry for
writing off the debit balance of Profit and Loss Account on
reconstitution of the firm will be : 1
Manav, Mayank and Manish
JOURNAL
Dr. Amount Cr. Amount
Particulars
() ()
(A) 30,000
18,000
12,000
To Profit and Loss A/c 60,000
(B) 24,000
24,000
12,000
To Profit and Loss A/c 60,000
(C) 6,000
6,000
(D) 6,000
6,000

OR
(b) Murthy and Madhavan were partners in a firm sharing profits and
losses in the ratio of 3 : 1. They admitted Shriniwas as a new
partner in the firm. On admission of Shriniwas, there existed a
balance of 8,00,000 in debtors account and a balance of 50,000
in provision for bad debts account. Debtors of 60,000 proved bad
and hence were written off. It was decided to maintain a provision
for bad debts at 10% of the debtors. The revaluation account will
be debited by ________ on the reconstitution of the firm. 1
(A) 80,000 (B) 10,000
(C) 84,000 (D) 74,000

67/6/1 #7# P.T.O.

6. ( ) 10 600 2
3
1
(A) 1,200 (B) 1,200
(C) 3,000 (D) 3,000

( ) 100 70 , 300
20
100 100 , 70
100 ? 1
(A) 10,000 (B) 3,000
(C) 21,000 (D) 5,000

7. 9,50,000 100
9% 5%
10% 1
(A) 10,000 (B) 9,500
(C) 9,050 (D) 8,636

8. ( ) 31 , 2024
80,000 12%
1
(A) 9,600 (B) 4,800
(C) 800 (D) 1,600

( ) ? 1
(A) -
(B)
(C)
(D)

9. , 4:3:2 -
- 5:3
1
(A) 21 : 11 (B) 3:2
(C) 5:3 (D) 1:1

67/6/1 #8#
6. (a) Manas Ltd. forfeited 600 shares of 10 each for the non-payment
of first call of 2 per share. The final call of 3 per share was not

1
(A) Debited by 1,200 (B) Credited by 1,200
(C) Debited by 3,000 (D) Credited by 3,000
OR
(b) Rajesh Ltd. forfeited 300 equity shares of 100 each, 70 called up
for the non-payment of first call of 20 per share. Out of these
shares, 100 shares were reissued @ 100 per share, 70 paid up.
How much balance will remain in the share forfeiture account
after reissue of 100 shares ? 1
(A) 10,000 (B) 3,000
(C) 21,000 (D) 5,000
7. Shyamla Ltd. purchased machinery of 9,50,000 from Rohini Ltd. The
payment was made by issue of 9% debentures of 100 each at a discount
of 5% redeemable at a premium of 10% after four years. The number of
debentures issued in favour of Rohini Ltd. will be : 1
(A) 10,000 (B) 9,500
(C) 9,050 (D) 8,636
8. (a) Mohan, a partner, withdrew 80,000 from the business for his
personal use during the year ended 31st March, 2024. Interest on
drawings was to be charged @ 12% per annum. Interest on
: 1
(A) 9,600 (B) 4,800
(C) 800 (D) 1,600
OR
(b) The fo
capital : 1
(A) Profit and Loss Account
(B)
(C) Interest on Capital Account
(D)
9. Daman, Mohit and Paras were partners in a firm sharing profits and
losses in the ratio of 4 : 3 : 2. Daman retires. Mohit and Paras decided to
share future profits and losses in the ratio of 5 : 3. The gaining ratio of
Mohit and Paras will be : 1
(A) 21 : 11 (B) 3:2
(C) 5:3 (D) 1:1

67/6/1 #9# P.T.O.

10.
1

(A) (i) , (ii)

, (iii) ,
(B) (i) , (ii) , (iii)
,
(C) (i) , (ii)
, (iii) ,
(D) (i) , (ii) , (iii)
,
11. 3:2 -
1 , 2023 10,00,000 15,00,000 31 ,
2024
10%

1
(A) 2,50,000 (B) 2,50,000
(C) (D) 25,000

12.
, 1

(A) (B)

(C) (D)

13. 100 80 , 600 20

90
1
(A) 36,000 (B) 30,000
(C) 48,000 (D) 54,000

67/6/1 # 10 #
10. In the event of dissolution of a partnership firm, the order of payment of
losses including deficiencies of capital shall be : 1
(A) (i) First out of profits, (ii) Next by the partners individually in their
profit sharing ratio, (iii) Lastly, if necessary, out of capital of
partners.
(B) (i) First out of capital of partners, (ii) Next out of profits,
(iii) Lastly, if necessary, by the partners individually in their profit
sharing ratio.
(C) (i) First by the partners individually in their profit sharing ratio,
(ii) Next out of profits, (iii) Lastly, if necessary, out of capital of
partners.
(D) (i) First out of profits, (ii) Next out of capital of partners,
(iii) Lastly, if necessary, by the partners individually in their profit
sharing ratio.

11. Ashok and Avinash were partners in a firm sharing profits and losses in
the ratio of 3 : 2. On 1st April, 2023, their capitals were 10,00,000 and
15,00,000 respectively. After the accounts for the year ending
st
31 March, 2024 were prepared, it was discovered that interest on capital
at the rate of 10% per annum, as provided for in the partnership deed,
was not credited to the partne

profit would have : 1

(A) Reduced by 2,50,000 (B) Increased by 2,50,000
(C) No change in the profits (D) Reduced by 25,000

12. Debentures which can be transferred by way of delivery and the company
does not keep any record of the debentureholders are called : 1
(A) Secured Debentures (B) Redeemable Debentures
(C) Registered Debentures (D) Bearer Debentures

13. Java Ltd. forfeited 600 equity shares of 100 each 80 called up for the
non-payment of first call of 20 per share. These shares were reissued at

will be : 1
(A) 36,000 (B) 30,000
(C) 48,000 (D) 54,000

67/6/1 # 11 # P.T.O.
14. 4:5 -
1 , 2024

31 , 2024
5,76,000
50,000 1
(A) 5,76,000 (B) 6,76,000
(C) 4,76,000 (D) 7,76,000
15. ( ) , 4:3:2 -

2,20,000 4,00,000
1
(A) 2,20,000 (B) 1,80,000
(C) 4,00,000 (D) 40,000

( ) 3:2 -
1,60,000 1,00,000
1,50,000
1
(A) 4,10,000 (B) 7,50,000
(C) 3,40,000 (D) 2,50,000
16. , 2:2:1 -
31 31 , 2024
31 , 2024 6,00,000
1
(A) 90,000 -
90,000
(B) - 90,000
90,000
(C) 1,20,000 -
1,20,000
(D) - 1,20,000
1,20,000

67/6/1 # 12 #
14. Uma and Veena were partners in a firm sharing profits and losses in the
ratio of 4 : 5. On 1st April, 2024 they decided to admit Usha as a new
partner for th ssion it
was decided that the goodwill of the firm will be valued equal to the
st March, 2024
were 5,76,000. However, to arrive at this profit, both the opening stock
and closing stock were overvalued by 50,000. The goodwill of the firm
will be : 1
(A) 5,76,000 (B) 6,76,000
(C) 4,76,000 (D) 7,76,000
15. (a) Sona, Mona and Raghav were partners in a firm sharing profits and
losses in the ratio of 4 : 3 : 2. Raghav retired. The balance in
Ra
on account of reserves and revaluation of assets and liabilities was
2,20,000. Sona and Mona agreed to pay him 4,00,000 in full
m was : 1
(A) 2,20,000 (B) 1,80,000
(C) 4,00,000 (D) 40,000
OR
(b) Giri and Shyam were partners in a firm sharing profits and losses
in the ratio of 3 : 2. Their capitals were 1,60,000 and 1,00,000
respectively. Hema was admitted for th share in the profits of the
firm. Hema brought 1,50,000 as her capital. The goodwill of the
1
(A) 4,10,000 (B) 7,50,000
(C) 3,40,000 (D) 2,50,000
16. Sharma, Verma and Khan were partners in a firm sharing profits and
losses in the ratio of 2 : 2 : 1. The firm closes its books on 31st March
every year. On 31st
profits of the firm till the date of his death was to be calculated on the
basis of the profit of the previous year. During the year ended 31st March,
2024 the firm earned a profit of
share in the profits of the firm till the date of his death will be : 1
(A) 90,000 and Profit and
Loss Suspense Account will be credited by 90,000.
(B) Profit and Loss Suspense Account will be debited by 90,000 and
90,000.
(C) 1,20,000 and Profit
and Loss Suspense Account will be credited by 1,20,000.
(D) Profit and Loss Suspense Account will be debited by 1,20,000 and
1,20,000.

67/6/1 # 13 # P.T.O.
17. 1 , 2023 15,00,000 12,00,000
3:2 -
1 , 2023 1,00,000
2,00,000 10%
50,000
60,000 18%
31 , 2024 -
72,000
48,000
3

18. ( ) , 5:3:8 -
5,00,000
- 31 , 2024
8,00,000
31 , 2024 , -
3

( ) 7:3 -
9,00,000 7,00,000
8% 31 , 2024
9%

3
19. ( ) 50,00,000
7,00,000 40,00,000
100 9% 25%

( )
3
(i) 100 9,000, 9% 10%
5 5%
(ii) 100 5,000, 11% 10%
5 5%

67/6/1 # 14 #
17. On 1st April, 2023, Jain and Gupta started a partnership firm with fixed
capitals of 15,00,000 and 12,00,000 respectively. They decided to share
profits and losses in the ratio of 3 : 2. On 1st July, 2023, Jain withdrew
1,00,000 from this capital and Gupta introduced further capital of
2,00,000. Partnership deed provided for interest on capital @ 10% p.a.
During the year Jain withdrew 50,000 and Gupta withdrew 60,000 for
their personal use. Interest on drawings was to be charged @ 18% p.a.
After preparing Profit and Loss Appropriation Account for the year ended
31st March, 2024, 72,000 and 48,000 were credited respectively to the
current accounts of Jain and Gupta as their share of divisible profit.
Prepare Current Accounts of Jain and Gupta. 3
18. (a) Aman, Raj and Suresh were partners in a firm sharing profits and
losses in the ratio of 5 : 3 : 8. Suresh was guaranteed a minimum
profit of 5,00,000 per year. Any deficiency on this account was to
be borne by Aman and Raj equally. The net profit of the firm for
the year ended 31st March, 2024 was 8,00,000.
Prepare Profit and Loss Appropriation Account of Aman, Raj and
Suresh for the year ended 31st March, 2024. 3
OR
(b) Jay and Vijay were partners in a firm sharing profits and losses in
the ratio of 7 : 3. Their respective fixed capitals were 9,00,000
and 7,00,000. The partnership deed provided for interest on
capital @ 8% per annum. After preparing the accounts for the year
ended 31st March, 2024, it was discovered that interest on capital
was allowed @ 9% per annum.
Showing your workings clearly, pass the necessary journal entry to
rectify the error. 3
19. (a) Sandhya Ltd. took over the assets of 50,00,000 and liabilities of
7,00,000 of Guman Ltd. for purchase consideration of 40,00,000.
The payment of purchase consideration was made by issue of 9%
debentures of 100 each at a premium of 25% to Guman Ltd.
Pass necessary journal entries for the above transactions in the
books of Sandhya Ltd. 3
OR
(b) Pass necessary journal entries in the books of RR Ltd. for issue of
debentures in the following cases : 3
(i) Issued 9,000, 9% debentures of 100 each at a discount of
10%, redeemable at a premium of 5% after 5 years.
(ii) Issued 5,000, 11% debentures of 100 each at a premium of
10%, redeemable at a premium of 5% after 5 years.

67/6/1 # 15 # P.T.O.
20. 12,00,000 15,00,000
2,00,000 10%
8,00,000, 9,00,000 7,00,000

3
21. 10 6,000 , 2
, 2 2
3

4
22. , 5 : 3 : 2 -
31 1 , 2024
3,00,000
60,000

(i) 10%
(ii)
1,20,000
(iii)
31 , 2024 4,50,000
4
23. ( ) 75 75,000 25

40

1,25,000 25,000

1,500 ,
, 2,000
,

67/6/1 # 16 #
20. Jeevan and Kavi were partners in a firm with capitals of 12,00,000 and
15,00,000 respectively. Annual salary of the partners was 2,00,000
each. The market rate of interest was 10%. During the previous three
years the profits were 8,00,000, 9,00,000 and 7,00,000. The goodwill
of the firm is to be valued at 2 years
super profits.
Calculate the goodwill of the firm. 3
21. JK Ltd. forfeited 6,000 equity shares of 10 each issued at a premium of
2 per share for the non-payment of first call of 2 per share. The second
and final call of 2 per share had not yet been made. The forfeited shares
were reissued at a discount of 3 per share fully paid up.
Pass necessary journal entries for the above transactions in the books of
4
22. Chandni, Bhanu and Garima were partners in a firm sharing profits and
losses in the ratio of 5 : 3 : 2. The firm closes its books on 31st March
every year. On 1st October, 2024, Chandni died. On that date her capital
account showed a credit balance of 3,00,000. On the date of Cha
death, the firm had a general reserve of 60,000. The partnership deed
provided that on the death of a partner, her representatives will be
entitled to the following :
(i) Balance in the capital account and interest on the same @ 10% p.a.
(ii) Her share in the goodwill of the firm. The goodwill of the firm on
1,20,000.
(iii) Her share in the profits of the firm to be calculated on the basis of

31st March, 2024 was 4,50,000.

4
23. (a) DDG Ltd. invited applications for issuing 75,000 equity shares of
75 each at a premium of 25 per share. The amount was payable
as follows :
On Application and Allotment 40 per share
On First and Final Call Balance (including premium)
Applications for 1,25,000 shares were received. Applications for
25,000 shares were rejected and the application money was
refunded. Shares were allotted to the remaining applicants on
pro-rata basis.
Excess money received with applications was adjusted towards
sums due on first and final call. Govind, to whom 1,500 shares
were allotted, failed to pay the first and final call. Namita who had
applied for 2,000 shares also failed to pay the first and final call.
Shares of both Govind and Namita were forfeited.
Pass the necessary journal entries for the above transactions in the
books of DDG Ltd. 6

OR

67/6/1 # 17 # P.T.O.
 ( ) 80 80,000

30

1,40,000 20,000

1,200 ,
2,400
,

- - 6

24. ( ) , 2:2:1 -
31 , 2024
31 , 2024 ,

() ()
90,000 65,000

10,000 1,50,000

3,00,000 90,000

5,000 85,000
3,60,000 2,50,000
2,40,000 4,50,000
1,00,000 7,00,000 - 1,00,000

11,00,000 11,00,000

67/6/1 # 18 #
 (b) Karan Ltd. invited applications for issuing 80,000 equity shares of
80 each at par. The amount was payable as follows :
On Application and Allotment 30 per share

On First and Final Call Balance

Applications for 1,40,000 shares were received. Applications for
20,000 shares were rejected and the money was refunded. Shares
were allotted on pro-rata basis to the remaining applicants. Excess
money received with applications was adjusted towards sums due
on first and final call. Ravi, who had applied for 1,200 shares, paid
his entire share money along with his application. Chaman, to
whom 2,400 shares were allotted, failed to pay the first and final

Pass necessary journal entries for the above transactions in the

-in-
-in- 6

24. (a) Ratan, Singh and Sharma were partners in a firm sharing profits
and losses in the ratio of 2 : 2 : 1. Their Balance Sheet on 31st
March, 2024 was as follows :

Balance Sheet of Ratan, Singh and Sharma as at

31st March, 2024
Amount Amount
Liabilities ( ) Assets ( )
Creditors 90,000 Bank 65,000
Outstanding Wages 10,000 Stock 1,50,000
General Reserve 3,00,000 Debtors 90,000
Less : Provision for
Capitals :
Doubtful Debts 5,000 85,000
Ratan 3,60,000 Plant and Machinery 2,50,000
Singh 2,40,000 Land and Building 4,50,000
Sharma 1,00,000 7,00,000 Profit and Loss A/c 1,00,000
11,00,000 11,00,000

67/6/1 # 19 # P.T.O.
 1 , 2024
(i) 2,00,000

(ii) 49,500
5%

(iii) 60,000

(iv)

( ) 3:2 -
31 , 2024
31 , 2024

() ()

2,00,000 50,000

2,00,000
4,00,000
3,00,000 7,00,000 7,000 1,93,000
2,50,000
3,50,000
57,000

9,00,000 9,00,000

67/6/1 # 20 #
 st
On 1 April, 2024 Sharma retired from the firm on the following
terms :
(i) Plant and Machinery is revalued at 2,00,000.
(ii) Land and Building was to be appreciated by 49,500 and
provision for bad debts will be maintained at 5% of the
debtors.
(iii)
60,000
through the capital accounts of remaining partners.
(iv) Sharma was paid in cash brought by Ratan and Singh in
such a way so as to make their capitals proportionate to
their new profit sharing ratio.
6

OR
(b) Mita and Vihaan were partners in a firm sharing profits and losses
in the ratio of 3 : 2. On 31st March, 2024 their Balance Sheet was
as follows :

Balance Sheet of Mita and Vihaan as at

31st March, 2024

Amount Amount
Liabilities Assets
( ) ( )

Sundry Creditors 2,00,000 Cash 50,000

Sundry Debtors
2,00,000
Capitals : Less : Provision for
doubtful debts 7,000 1,93,000

Mita 4,00,000 Stock 2, 50,000

Vihaan 3,00,000 7,00,000 Plant and Machinery 3,50,000

Patents 57,000

9,00,000 9,00,000

67/6/1 # 21 # P.T.O.
 (i) 3,00,000
4,12,500

(ii) 5%

(iii) 2,00,000, 4,00,000

1,20,000
(iv) 30,000

25. 7:3 -
31 , 2024

(i) 2,00,000 40%, 1,00,000

10%

(ii) 2,10,000
(iii) 5,00,000 5,40,000

(iv) 3,50,000 25,000

(v) 1,00,000
(vi) 8,000
6

67/6/1 # 22 #
 On the above date, Zen was admitted as a new partner for th

share in the profits on the following terms :

(i) Zen will bring 3,00,000 as his capital and his share of

the firm was valued at 4,12,500.

(ii) The provision for bad debts will be maintained at 5% of the
debtors.
(iii) Stock will be valued at 2,00,000, plant and machinery at
4,00,000 and patents at 1,20,000.
(iv) There was a bill of 30,000 for goods purchased which was
omitted from the books.
Pass necessary journal entries for the above transactions in the
6

25. Lalit and Madan were partners in a firm sharing profits and losses in the
ratio of 7 : 3. On 31st March, 2024 their firm was dissolved. After
transferring sundry assets (other than cash) and third party liabilities to
Realisation Account, the following transactions took place :
(i) The firm had stock of 2,00,000. 40% of this stock was taken over
by a creditor of 1,00,000 in full settlement of his claim. The
remaining stock was sold at a loss of 10%.
(ii) The remaining creditors were paid 2,10,000.
(iii) Plant and Machinery of 5,00,000 were accepted by Mrs. Madan
against the settlement of her loan of 5,40,000.
(iv) Debtors of 3,50,000 were sold to a debt collection agency who
charged a commission of 25,000.
(v) Investments of 1,00,000 were taken over by the partners in their
profit sharing ratio.
(vi) Expenses of dissolution were 8,000.

Pass necessary journal entries for the above transactions in the books of
the firm. 6

67/6/1 # 23 # P.T.O.
26. 31 , 2024
31 , 2024

I :
1
1 71,80,000

1
100 1,00,000 1,00,00,000

100 75,000 75,00,000

100 71,000 71,00,000

100 1,000 1,00,000

(20,000) 80,000
71,80,000

(i) 1

(A) 71,000
(B) 70,400
(C) 70,000
(D) 75,000

67/6/1 # 24 #
26. The following information has been obtained from the Balance Sheet of
Jay Ltd. as at 31st March, 2024 :
Balance Sheet of Jay Ltd. as at 31st March, 2024
Note Amount
Particulars No. ( )
I Equity and Liabilities :
1
(a) Share Capital 1 71,80,000

Notes to Accounts :
Note Amount Amount
Particulars ( ) ( )
No.
1 Authorised capital
1,00,000 Equity Shares of 100 each 1,00,00,000
Issued capital
75,000 Equity Shares of
100 each 75,00,000
Subscribed capital
Subscribed and fully paid up
71,000 Equity Shares of
100 each 71,00,000
Subscribed but not fully paid up
1,000 Equity Shares of 100 each 1,00,000
Less : Calls in Arrears (20,000) 80,000
71,80,000

Answer the following questions :

(i) The total number of shares offered to the public for subscription
are : 1
(A) 71,000
(B) 70,400
(C) 70,000
(D) 75,000

67/6/1 # 25 # P.T.O.
 (ii) 1
(A) 25,00,000
(B) 29,00,000
(C) 29,60,000
(D) 20,32,000

(iii) 1
(A) 71,80,000
(B) 71,00,000
(C) 80,00,000
(D) 1,00,00,000

(iv) 1
(A) 71,80,000
(B) 80,00,000
(C) 1,00,00,000
(D) 71,00,000

(v)
: 1
(A) 100 (B) 20
(C) 1,000 (D) 80,000

(vi)
: 1
(A) 20,000
(B) 80,000
(C) 1,00,000
(D) 71,00,000

67/6/1 # 26 #
 (ii) The amount of unissued share capital of the company is : 1
(A) 25,00,000

(B) 29,00,000
(C) 29,60,000
(D) 20,32,000

(iii) The subscribed capital of the company is : 1

(A) 71,80,000
(B) 71,00,000
(C) 80,00,000

(D) 1,00,00,000

(iv) The registered capital of the company is : 1

(A) 71,80,000

(B) 80,00,000
(C) 1,00,00,000

(D) 71,00,000

(v) The amount per share not received on the shares shown under
1
(A) 100 (B) 20
(C) 1,000 (D) 80,000

(vi)
1
(A) 20,000

(B) 80,000
(C) 1,00,000

(D) 71,00,000

67/6/1 # 27 # P.T.O.
 I

27. ( )
, ____________ 1
(A)
(B)
(C)
(D)

( ) ________ 1
(A) (B)
(C) (D)

28. 25:1
? 1
(A) 73,000
(B) 41,000
(C) 62,000
(D) 8,00,000

29. ( ) - ? 1

(A)

(B)

(C)

(D)

67/6/1 # 28 #
 PART B
OPTION I
(Analysis of Financial Statements)

27. (a) The statement that shows changes in all items of financial
statements in absolute and percentage terms over a period of time,
for a firm, or between two firms is called _________. 1
(A) Common Size Statement
(B) Comparative Statement
(C) Cash Flow Statement
(D) Financial Statement

OR

(b) _______ ratios indicate the speed at which activities of the business
are being performed. 1
(A) Liquidity (B) Solvency
(C) Profitability (D) Activity

28.
transactions will result in decrease in this ratio ? 1
(A) Purchased goods for cash 73,000
(B) Cash collected from debtors 41,000
(C) Outstanding salaries paid 62,000
(D) Repayment of long term loan 8,00,000

29. (a) Which of the following transactions will result in outflow of cash ? 1
(A) Cash payments to and on behalf of the employees
(B) Cash receipts from royalties
(C) Issue of shares
(D) Dividend received from investments in other enterprises

OR

67/6/1 # 29 # P.T.O.
 ( ) - , 1

(A)

(B)

(C)

(D)

30.

I: 31.03.2023 -
2,00,000 31.03.2024 3,00,000
5,00,000

II : 31.03.2023 4,00,000
31.03.2024 5,00,000
1,00,000

1
(A)

(B)

(C) I II
(D) II I

31. 2013 III, I

- 3

( )
( )
( )

67/6/1 # 30 #
 (b) In case of a non-financial enterprise, payment of dividend is
considered as a/an : 1
(A) Operating Activity
(B) Investing Activity
(C) Financing Activity
(D) Both Investing and Financing Activity

30. There are two statements :

Statement I : The balance in the Statement of Profit and Loss in the
Balance Sheet of Samta Ltd. showed a deficit of 2,00,000
on 31.03.2023 and a surplus of 3,00,000 on 31.3.2024.
5,00,000 will be considered as profit earned during the
year for preparing Cash Flow Statement.
Statement II : On 31.03.2023 the goodwill account of Zeeta Ltd. showed
a balance of 4,00,000 and on 31.03.2024 it showed a
balance of 5,00,000. 1,00,000 will be considered as
goodwill acquired during the year for the preparation of
Cash Flow Statement.
Choose the correct option from the following : 1
(A) Both the Statements are true.
(B) Both the Statements are false.
(C) Statement I is true, Statement II is false.
(D) Statement II is true, Statement I is false.

31. Show the following items under major heads and sub-heads (if any) in the
Balance Sheet of the company as per Schedule III, Part I of the
Companies Act, 2013 : 3

(a) Stock-in-trade

(b) Motor Vehicles

(c) Provision for tax

67/6/1 # 31 # P.T.O.
32. 31 , 2023 31 , 2024
: 3

2022 23 2023 24

40,00,000 50,00,000
20,00,000 25,00,000
4,00,000 5,00,000
50%

33. ( ) 4

10% 15,00,000
2,00,000
25,00,000
7,00,000
31 , 2024
4,10,000 40,000

( ) : 4

5,00,000
20,00,000

2,00,000
10,00,000
20,000
1,45,000
50,000
85,000

67/6/1 # 32 #
32. From the following information, prepare a Common Size Statement of
Profit and Loss of QLM Ltd. for the year ended 31st March, 2023 and
31st March, 2024. 3
2022 23 2023 24
Particulars ( ) ( )
Revenue from operations 40,00,000 50,00,000
Cost of revenue from operations 20,00,000 25,00,000
Other expenses 4,00,000 5,00,000
Tax Rate 50%

33. (a) The following information has been obtained from the books of
Vivek Ltd. : 4

10% Debentures 15,00,000

Current Liabilities 2,00,000
Non-Current Assets 25,00,000
Current Assets 7,00,000
During the year ended 31st March, 2024, net profit after interest
and tax amounted to 4,10,000. Tax paid was 40,000.
Calculate Return on Investment.
OR
(b) : 4

Revenue from operations

Cash 5,00,000
Credit 20,00,000

Purchases
Cash 2,00,000
Credit 10,00,000
Carriage Inward 20,000
Salaries 1,45,000
Increase in inventory 50,000
Wages 85,000

67/6/1 # 33 # P.T.O.
34. 31 , 2024
6
31 , 2024
31.03.2024 31.03.2023
( ) ( )
I :

1.
37,00,000 25,00,000
1 5,00,000 12,00,000
2
2 20,00,000 18,00,000
3.
6,00,000 5,50,000
5,00,000 3,50,000
73,00,000 64,00,000
II :

1.
,

(i) , 3 45,00,000 41,00,000

(ii) 4 3,00,000 5,00,000
2.
5,00,000 2,00,000
8,00,000 10,00,000
10,00,000 2,00,000
2,00,000 4,00,000
73,00,000 64,00,000

67/6/1 # 34 #
34. From the following Balance Sheet of Bose Ltd. as at 31st March, 2024,

. 6

Balance Sheet of Bose Ltd. as at 31st March, 2024

Note 31.03.2024 31.03.2023
Particulars No. ( ) ( )
I Equity and Liabilities :
1.
(a) Share Capital 37,00,000 25,00,000
(b) Reserves and Surplus 1 5,00,000 12,00,000
2 Non-Current Liabilities

Long term borrowings 2 20,00,000 18,00,000

3. Current Liabilities
(a) Short term borrowings 6,00,000 5,50,000
(b) Trade Payables 5,00,000 3,50,000
Total 73,00,000 64,00,000
II Assets :
1. Non-Current Assets
(a) Property, Plant and
Equipment and Intangible
Assets
(i) Property, Plant and
Equipment 3 45,00,000 41,00,000
(ii) Intangible Assets 4 3,00,000 5,00,000
2. Current Assets
(a) Current Investments 5,00,000 2,00,000
(b) Inventories 8,00,000 10,00,000
(c) Trade Receivables 10,00,000 2,00,000
(d) Cash and Cash equivalents 2,00,000 4,00,000
Total 73,00,000 64,00,000

67/6/1 # 35 # P.T.O.
 :

31.3.2024 31.3.2023
( ) ( )

1
- 5,00,000 12,00,000

2
10% 20,00,000 18,00,000

3 ,
50,00,000 44,00,000
5,00,000 3,00,000
45,00,000 41,00,000

3,00,000 5,00,000

(i) 4,00,000 3,00,000 ,

70,000
(ii) 2,00,000 10% 31.3.2024

II

27. ( ) -
? 1
(A)
(B)
(C)
(D)

( ) -
? 1
(A) (B)
(C) (D)

67/6/1 # 36 #
 Notes to Accounts :

Note 31.3.2024 31.3.2023

Particulars ( ) ( )
No.
1 Reserves and Surplus
(i.e. Balance in the Statement of
Profit and Loss) 5,00,000 12,00,000
2 Long Term Borrowings
10% Debentures 20,00,000 18,00,000

3 Property, Plant and Equipment

Plant and Machinery 50,00,000 44,00,000
Less : Accumulated Depreciation 5,00,000 3,00,000
45,00,000 41,00,000
4 Intangible Assets
Goodwill 3,00,000 5,00,000
Additional Information :
(i) A piece of machinery costing 4,00,000 on which accumulated
depreciation was 3,00,000 was sold at a loss of 70,000.
(ii) 10% Debentures of 2,00,000 were issued on 31.3.2024.

PART B
OPTION II
(Computerised Accounting)

27. (a) Which of the following voucher records outflow of money from the
business ? 1
(A) Journal Voucher
(B) Receipt Voucher
(C) Contra Voucher
(D) Payment Voucher
OR
(b) The raw facts for any business application is known as which of
the following components of Computerised Accounting System ? 1
(A) Data (B) Hardware
(C) Software (D) Procedure

67/6/1 # 37 # P.T.O.
28. 1
(A) (B)
(C) (D)

29. ( ) ? 1
(A) (B)
(C) (D)

( ) 1
(A)
(B)
(C)
(D)

30. -
? 1
(A) (B)
(C) (D)

31. 3
32. -
? 3

33. ( ) 10 2024
XI 23
1 4

( ) 4

34.

(i) , (ii) ? 1+2 +2 =6

67/6/1 # 38 #
28. The outcome of an arithmetic expression or function is called : 1
(A) Horizontal value (B) Derived value
(C) Basic value (D) Vertical value

29. (a) How are ranges identified within Excel ? 1

(A) Using Hashtag (B) Using Vector
(C) Using Colour (D) Using Comma
OR
(b) Two important requirements of an accounting report are : 1
(A) Language processing and utility
(B) Storage and presentation
(C) System analysis and operations
(D) Timelines and relevance

30. Which chart element provides additional information about a data

marker to identify the details of data in data series ? 1
(A) Data label (B) Data table
(C) Data point (D) Data marks

31. 3

32. Which built-in function can be used to compute monthly instalments of

repayment of loan ? State its parameters also. 3

33. (a) Develop a code for Nisha, Roll No. 23 who took admission in
Section A, Class XI in the year 2024 in School No. 10 run by the
For A
its code is 1. 4
OR
(b) Explain number formatting. 4
34. Name the error which occurs when the column is not wide enough or a
negative date or time is used. How can it be corrected if (i) Error is due to
the width of column, and (ii) Date or time is negative ? 1+2 +2 =6

67/6/1 # 39 # P.T.O.