accountancy with analysis of financial

SY-49 1 P.T.O.

Reg. No. : ..................................... SY-49

Name : ..........................................

Part – III

ACCOUNTANCY WITH ANALYSIS OF FINANCIAL STATEMENTS Maximum : 80 Scores

Time : 2½ Hours

Cool-off time : 15 Minutes

General Instructions to Candidates :

There is a ‘Cool-off time’ of 15 minutes in addition to the writing time.

Use the ‘Cool-off time’ to get familiar with questions and to plan your answers.

Read questions carefully before answering.

Read the instructions carefully.

Calculations, figures and graphs should be shown in the answer sheet itself.

Malayalam version of the questions is also provided. Give equations wherever necessary. Electronic devices except non-programmable calculators are not allowed in the

Examination Hall.

15 ‘ ’ . ‘ ’

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SECOND YEAR HIGHER SECONDARY EXAMINATION, MARCH 2020

SY-49 2

PART – A (Maximum Scores : 40)

ACCOUNTANCY

Answer all the questions from 1 to 5. Each carries 1 score. (5 1 = 5)

1. Which of the following is not a characteristic of Not-for-profit Organisation ?

(a) Funds raised are credited to capital fund

(b) Excess of income over expenditure is distributed among the members.

(c) The activities are managed by Executive committee.

(d) They are organised as charitable trusts / societies.

2. When a new partner is admitted in a firm, he has to bring his share of goodwill to

compensate the existing partners for loss of their share in ______.

(a) Average profit (b) Last year’s profit

(c) Super profit (d) None of these

3. Partnership is an agreement between partners to share _________ of a business.

(a) Assets (b) Liabilities

(c) Capital (d) Profit / loss

4. At the time of dissolution of a firm, the amount realised from assets are utilised first to

pay _______.

(a) Capital (b) Partner’s loan

(c) Outside Liabilities (d) None of these

5. As per the provisions of the Partnership Act, the relieving partner is entitled to receive

_______ of interest on the amount due to him till the date of payment.

(a) 6% (b) 5%

(c) 10% (d) 20%

SY-49 3 P.T.O.

– ( : 40)

1 5 . 1 . (5 1 = 5)

1.

?

(a) .

(b) .

(c) .

(d) .

2. , ______ .

(a) (b)

(c) (d)

3. _________ .

(a) (b)

(c) (d) /

4. _______ .

(a) (b)

(c) (d)

5. , _______ . .

(a) 6% (b) 5%

(c) 10% (d) 20%

SY-49 4

Answer any 4 questions from 6 to 10. Each carries 2 scores. (4 2 = 8)

6. Mrs. Bhanumathi, a partner in a firm decided to retire from the firm on 31st March,

2017. The amount due to her from the firm is estimated as ` 75,000. Pass journal

entries if -

(a) The amount is paid in cash immediately.

(b) ` 25,000 is paid in cash and balance treated as a loan.

7. Classify the following items into revenue receipts and capital receipts.

(a) Legacies (b) Locker Rent

(c) Sale of old furniture (d) Subscription

8. Nanda, a partner in a firm withdrew ` 5,000 per month during the year 2018 from her

capital for domestic purpose. Calculate interest on drawings at 9% p.a., if the

withdrawals are made at the end of each month.

9. Seena, Sofia and Shareefa are partners in a firm sharing profits in the ratio of

5 : 3 : 2. Sofia retires and her share is taken by Seena and Shareefa in the ratio of 2 : 1.

Calculate the new profit sharing ratio.

10. Jithu and Muthu are partners in a firm sharing profits in the ratio of 3 : 2. On

20th June 2018, they admit Rithu as a new partner. On that date there was a balance of

` 40,000 in reserve fund and a debit balance of ` 20,000 in the profit and loss account

of the firm. Pass journal entries regarding the treatment of these items.


11. The Receipts and Payments Account shows a payment for stationery amounting to

` 36,000 for the year ending 31st March, 2019. Additional information :

(a) Stock of stationery on 1st April, 2018 ` 5,400

(b) Stock of Stationery on 31st March, 2019 ` 3,800.

(c) Creditors for stationery on 1st April, 2018 ` 2,600

(d) Creditors for stationery on 31st March, 2019 ` 1,800.

Find out the amount of stationery to be debited to Income and Expenditure A/c. for the

year ended 31st March, 2019.

SY-49 5 P.T.O.

6 10 4 . 2 : (4 2 = 8)

6. 2017 31 . 75,000 .

(a) . (b) 25,000

.

7. , .

(a) (b) (c) (d)

8. , 2018 5,000 . 9% .

9. , , 5 : 3 : 2 . 2 : 1 . .

10. 3 : 2 . 2018 20 . 40,000 20,000 . .

11 14 3 . 3 : (3 3 = 9)

11. 2019 31 36,000 .

(a) 2018 1 5,400 . (b) 2019 31 3,800 (c) 2018 1

2600 . (d) 2019 31

1800 . 2019 31

.

SY-49 6

12. The Capital employed in a firm is ` 3,00,000 and normal rate of return is 6% p.a. The

firm earned a profit of ` 24,000 during the year 2017-18. Calculate the value of good will under capitalisation method.

13. Write any three differences between dissolution of the partnership and dissolution of the firm.

14. Some journal entries concerned with dissolution of a firm are given below. Complete the journal entries.

Journal

Date Particulars Debit (`) Credit (`)

(a) ___________ Dr

To Realisation A/c.

(Assets Sold)

4,000

4,000

(b) ____________ Dr

To Bank

(Partner’s Loan paid)

5,000

5,000

(c) Realisation A/c. Dr.

To _________

(Liabilities Taken over by a Partner)

7,000

7,000


15. Sreya, Prarthana and Sadika set up a partnership on 1st January, 2018 with capitals of

` 25,000, ` 20,000 and ` 15,000 respectively. They share profits in the ratio of 2 : 1 : 3.

Prarthana is to be paid a salary of ` 2,000 per month and Sreya will get Commission of

` 10,000.

As per the deed, the Partners are entitled to receive interest on capital at 6% p.a. The

drawings made by the partners during the period were Sreya ` 3,000, Prarthana ` 2,000

and Sadika ` 1,000. The firm charged interest on drawings at 6% p.a. The net profit of

the firm for the year ending 31st December, 2018 was ` 49,420. Prepare profit and Loss Appropriation A/c.

SY-49 7 P.T.O.

12. 3,00,000 6% . 2017-18 24,000 . .

13. .

14. . .

(`) (`)

(a) ___________ Dr.

To A/c.

( )

4,000

4,000

(b) ____________ Dr.

To A/c.

( )

5,000

5,000

(c) A/c. Dr.

To _________

( )

7,000

7,000

15 17 2 . 5

: (2 5 = 10)

15. , , 25,000 , 20,000 , 15,000 2018 1 . 2 : 1 : 3 . 2,000 10,000 .

6% . . 3,000 , 2,000 , 1,000 . 6% . 2018 31 49,420 .

SY-49 8

16. Sojan, a partner in a firm died on 1st July, 2019. As per agreement, his legal representatives

are entitled to –

(a) His capital account balance as per last balance sheet, ` 50,000.

(b) Share of goodwill based on 2 years purchase of last 4 years average profits.

(c) Share the profit up to the date of death on the basis of average profit of last

4 years.

(d) Interest on capital @ 6% p.a.

Profits for the last 4 years were ` 23,000, ` 24,000, ` 22,000 and ` 27,000 respectively.

Sojan’s share in the profits of the firm is 1/5. Find out the amount payable to Sojan’s

legal representatives, assuming that the accounts of the firm are closed on 31st March

every year.

17. Anil, Basheer and Chandy are partners in a firm sharing profits in the ratio

2 : 2 : 1. On 31st December 2019, they decided to dissolve the firm. The value of assets

and liabilities of the firm on that date was realised as follows.

Items Book Value

(`)

Realised Value

(`)

Building 80,000 10% less

Furniture 24,000 26,000

Machinery 36,000 39,000

Land 1,00,000 10% More

Creditors 20,000 18,000

Bank Loan 32,000 30,000

Prepare Realisation Account.

SY-49 9 P.T.O.

16. 2019 1 .

–

(a)

50,000 .

(b) 4 2

.

(c) 4

.

(d) 6% . 4 23,000

, 24,000 , 22,000 , 27,000 .

1/5 .

31

.

17. , , 2 : 2 : 1

. 2019 31

.

.

(`)

(`)

80,000 10% less

24,000 26,000

36,000 39,000

1,00,000 10%

20,000 18,000

32,000 30,000

.

SY-49 10

Answer any 1 question from 18 to 19, carries 8 scores : (1 8 = 8)

18. Ram and Rahim are partners in a firm sharing profits in the ratio of 3 : 1. Their balance

sheet as on 31st December, 2018 was as follows :

Liability Amount

(`)

Assets Amount

(`)

Sundry Creditors 29,000 Cash in hand 5,000

Bills payable 5,000 Cash at bank 20,000

Outstanding Salaries 1,000 Sundry debtors 30,000

Capital : Stock 20,000

Ram 90,000 Plant & Machinery 50,000

Rahim 75,000 Buildings 75,000

2,00,000 2,00,000

Roy is admitted into the firm on the following terms :

(a) Roy will bring ` 30,000 as his share of goodwill for ¼th share in the profits and

` 50,000 as capital.

(b) Plant & Machinery is revalued at ` 60,000. Building is to be appreciated by 10%.

(c) Stock is found over valued by ` 2,000.

(d) Create a provision for doubtful debts at 5% on debtors.

Prepare Revaluation account, partner’s capital account and balance sheet of new firm.

SY-49 11 P.T.O.

18, 19 1 . 8 . (1 8 = 8)

18. 3 : 1

. 2018 31

.

(`)

(`)

29,000 5,000

5,000 20,000

1,000

30,000

: 20,000

90,000 & 50,000

75,000 75,000

2,00,000 2,00,000

.

(a) 30,000 ¼

50,000 .

(b) & 60,000 .

10% .

(c) 2,000 .

(d) 5% .

,

.

SY-49 12

19. The Receipts and Payments Account of Netaji Sports Club is given below :

Receipt and Payment Account for the year ending 31st March 2018

Receipts Amount

(`)

Payments Amount

(`)

Balance b/d : Salaries 6,000

Cash 3,000 Magazines 2,340

Bank 12,500 Electricity 3,200

Subscription 48,000 Furniture 15,000

Sale of old furniture Sports Equipments 10,000

(Book value ` 3,500) 2,800 Investments 12,000

Rent received 600 Balance b/d :

Cash 2,960

Bank 15,400

66,900 66,900

Information :

(a) Club has 100 members, each paying an annual subscription of ` 500. Subscription

outstanding on 31st March, 2017 amounted to ` 3,000.

(b) On 1st April, 2017, Club owned furniture ` 10,000 and Sports equipments

` 8,000.

(c) Depreciate sports equipments at 5% p.a.

(d) Salaries outstanding on 31st March, 2018 ` 1,200.

Prepare Income and Expenditure Account for the year ended 31st March 2018 and

Balance Sheet as on that date.

SY-49 13 P.T.O.

19.

:

2018 31

(`) (`)

c/d : 6,000

3,000 2,340

12,500 3,200

48,000 15,000

10,000

( ` 3,500) 2,800 12,000

600 b/d :

2,960

15,400

66,900 66,900

:

(a) 100 500

. 2017 31 3,000 .

(b) 2017 1 10,000 8,000

.

(c) 5% -

.

(d) 2018 31 1200 .

2018 31

.

SY-49 14

PART-B (Maximum Score : 40) ANALYSIS OF FINANCIAL STATEMENTS

Answer all questions from 20 to 24. Each carries 1 score. (5 1 = 5)

20. ________ is a written instrument acknowledging a debt under common seal of the company.

(a) Share (b) Debenture

(c) Bank loan (d) None of these

21. A technique of studying the operational results and financial position over a series of accounting periods is called ________.

(a) Ratio analysis (b) Cash flow analysis

(c) Trend analysis (d) Comparative statement

22. Which of the following is not a feature of the company ?

(a) Perpetual succession (b) Common Seal

(c) Separate legal entity (d) Unlimited Liability

23. Discount on issue of debenture is shown under _______ head in the Balance sheet as per revised schedule VI.

(a) Other Current Assets (b) Other Non-Current Assets

(c) Long term Borrowings (d) Reserves and Surplus.

24. The ratio calculated to measure the ability of a business to pay the amount due to stakeholders as and when it is due is called _________.

(a) Liquidity ratio (b) Solvency ratio

(c) Profitability ratio (d) Activity ratio

Answer any 4 questions from 25 to 29. Each carries 2 scores : (4 2 = 8) 25. Classify the following ratio in to solvency ratio and Activity ratio.

(a) Fixed assets Turnover ratio

(b) Proprietary ratio

(c) Inventory turnover ratio

(d) Debt-Equity ratio

26. Write any 2 limitations of Financial Analysis.

27. Show the following items in the Balance sheet “Alfa Ltd. as per revised Schedule VI as on March 31, 2018.

10% Debentures ` 8,00,000

Statement of Profit & Loss (Cr) ` 50,000

Hint : Show only relevant items.

SY-49 15 P.T.O.

– ( : 40)

20 24 . 1 . (5 1 = 5) 20. ________

. (a) (b) (c) (d)

21. ________.

(a) (b) (c) (d)

22. ? (a) (b) (c) (d)

23. VI _______ .

(a) (b) (c) (d)

24. _________ .

(a) (b) (c) (d)

25 29 4 . 2 : (4 2 = 8)

25. , .

(a) (b) (c) (d) -

26. .

27. 2018 31 VI

10% ` 8,00,000

() ` 50,000

: .

SY-49 16

28. Deva Ltd. Purchased a machine for ` 4,40,000 from Arya Ltd. and agreed to make the payments of purchase consideration by issuing 9% debentures of ` 100 each at a premium of 10%. Record necessary journal entries.

29. Arun a shareholder, failed to pay the money for second and final call of ` 10 on 500 shares issued to him. (Face value ` 100). After the second call, these shares were forfeited. Pass journal entries for the forfeiture of shares.

Answer any 3 questions from 30 to 33. Each carries 3 scores : (3 3 = 9)

30. From the following information, prepare statement of Profit and Loss for the year ended 31st March, 2019 as per the revised schedule VI.

Purchases (Adjusted) ` 40,000

Sales ` 1,00,000

Salaries ` 8,000

Wages ` 12,000

31. From the following statement of Profit and Loss of Manu & Co., prepare comparative statement of Profit and Loss for the year ended 31st March, 2018 and 2019.

Particulars 2017-18

(`)

2018-19

(`)

Revenue from operations 8,00,000 10,00,000

Employees benefit expenses 4,00,000 5,00,000

Other expenses Tax rate 40% 1,00,000 50,000

32. Calculate the current ratio from the following information :

Inventories ` 25,000

Trade receivables ` 25,000

Advance tax ` 2,000

Bank Overdraft ` 2,000

Trade Payables ` 50,000

Cash and cash equivalents ` 15,000

33. Classify the following transactions into operating activities and investing activities of a manufacturing company.

(a) Purchase of Land (b) Sale of goods

(c) Rent of factory paid (d) Sale of old furniture

(e) Investment in fixed deposits (f) Paid cash to suppliers

SY-49 17 P.T.O.

28. 4,40,000 100 9% 10% .

.

29. 100 500 10 . . .

30 33 3 . 3 . (3 3 = 9) 30. VI

2019 31 .

() ` 40,000 ` 1,00,000 ` 8,000 ` 12,000

31. & 31 2018, 2019 .

2017-18 (`)

2018-19 (`)

8,00,000 10,00,000

4,00,000 5,00,000

40% 1,00,000 50,000

32. : ` 25,000 ` 25,000 ` 2,000 ` 2,000 ` 50,000 ` 15,000

33. .

(a) (b) (c) (d) (e) (f)

SY-49 18

Answer any 2 questions from 34 to 36. Each carries 5 scores : (2 5 = 10)

34. Mannar Trader Ltd. was registered with an authorised capital of ` 10,00,000 divided

into 60,000 equity shares of ` 10 each and 40,000, 5% Preference shares of 10 each. The transactions relating to shares are as follows :

Transactions Equity Shares 5% Preference Shares

Issued 50,000 30,000

Subscribed 45,000 20,000

Called up ` 8 per share ` 7 per share

Additional information :

A equity shareholder, who is having 100 shares, failed to pay first call of ` 2 per share.

Show the share capital in the Balance sheet of the company.

35. Pass journal entries for the following :

(a) Issue of 5,000, 9% debenture of ` 100 each at a premium of 5% redeemable at par.

(b) Issue of 5,000, 9% debentures of ` 100 each at a discount of 5% but redeemable at a premium of 5%.

36. From the following information calculate :

(i) Earnings per share

(ii) Book value per share

(iii) Dividend payout ratio

(iv) Price earnings ratio

Particulars :

(a) 35,000 equity shares of ` 10 each.

(b) Net profit after tax but before dividend ` 87,500.

(c) Dividend declared 15%.

(d) Market price per share ` 13.

SY-49 19 P.T.O.

34 36 2 .

5 : (2 5 = 10)

34. 10 60,000 10 5% 10,00,000 . .

5%

50,000 30,000

45,000 20,000

8

7

:

100 2 . .

35. :

(a) 100 5,000, 9% 5% .

(b) 100 5,000, 9% 5% 5%

.

36. :

(i)

(ii)

(iii)

(iv)

:

(a) 10 35,000 .

(b) 87,500 .

(c) 15%.

(d) 13.

SY-49 20

Answer any 1 question from 37 to 38, carries 8 scores : (1 8 = 8)

37. From the following information prepare cash flow statement of Premier Ltd.

Balance sheet as on 31st March, 2015

Particulars Note

No.

31st March,

2015 (`)

31st March,

2014 (`)

I. Equities & Liabilities :

1. Shareholder fund

(a) Share Capital

(b) Reserves & surplus

1

2

3,50,000

1,75,000

2,50,000

1,00,000

2. Non-Current Liabilities :

Long term borrowing

Bank Loan

25,000

50,000

3. Current Liabilities

(a) Trade payable

(b) Other current liabilities

outstanding rent

(c) Short Term Provision

3

22,500

3,500

60,000

25,000

2,500

40,000

Total 6,36,000 4,67,500

II. Assets :

1. Non-current Assets

(a) Fixed Assets

(i) Tangible Assets

(ii) Intangible Assets

(b) Non-current Investment

4

5

2,50,000

47,500

50,000

2,50,000

50,000

–––

2. Current Assets

(a) Inventories

(b) Trade Receivables

(c) Cash and Cash equivalents

65,000

60,000

1,63,500

25,000

40,000

1,02,500

Total 6,36,000 4,67,500

SY-49 21 P.T.O.

37, 38 1 . 8 . (1 8 = 8)

37.

2015 31

2015

31 (`)

2014

31 (`)

I. & :

1.

(a)

(b)

1

2

3,50,000

1,75,000

2,50,000

1,00,000

2. -

25,000

50,000

3.

(a)

(b)

(c)

3

22,500

3,500

60,000

25,000

2,500

40,000

Total 6,36,000 4,67,500

II. :

1.

(a)

(i)

(ii)

(b)

4

5

2,50,000

47,500

50,000

2,50,000

50,000

–––

2.

(a)

(b)

(c)

65,000

60,000

1,63,500

25,000

40,000

1,02,500

Total 6,36,000 4,67,500

SY-49 22

Note to Accounts :

Particulars 31st March

2015 (`)

31st March

2014 (`)

1. Equity share capital 3,50,000 2,50,000

2. Reserves and Surplus

Surplus : i.e. Balance in statement of Profit and loss

1,75,00

1,00,000

3. Short Term Provisions

Proposed dividend 35,000 25,000

Provision for Taxables 25,000 15,000

60,000 40,000

4. Fixed Assets :

– Tangible assets

– Equipments 1,15,000 1,00,000

– Furniture 1,35,000 1,50,000

2,50,000 2,50,000

5. Intangible Assets

Patents 47,500 50,000

6. Cash and Cash equivalents

(i) Cash 13,500 2,500

(ii) Bank balance 1,50,000 1,00,000

1,63,500 1,02,500

During the year equipment costing ` 40,000 was purchased.

Loss on sale of equipment ` 5,000.

Depreciation of ` 7,500 and ` 1,500 charged on equipment and furniture.

38. Varma Ltd. issued 30,000 equity shares of ` 10 each at premium of ` 2 per share,

payable. ` 4 on application, ` 5 on allotment (including premium) balance on first and final call. Applications were received for 35,000 share. Company rejected the excess application. Sukesh who was allotted 500 shares failed to pay first and final call. After

the first call, his shares were forfeited and it was reissued to Ragesh it ` 6 per share as fully paid.

Pass journal entries to the books of the company. ___________

SY-49 23 P.T.O.

:

2015 31 (`)

2014 31 (`)

1. 3,50,000 2,50,000

2.

:

1,75,00

1,00,000

3.

35,000 25,000 25,000 15,000

60,000 40,000 4. :

–

– 1,15,000 1,00,000

– 1,35,000 1,50,000

2,50,000 2,50,000 5.

47,500 50,000

6.

(i) 13,500 2,500

(ii) 1,50,000 1,00,000

1,63,500 1,02,500 40,000 . 5,000 . 7,500 , 1,500

.

38. 10 30,000 2 , 4 , 5 ( ) . 35,000 5000 . 500 . 6 .

. ___________

SY-49 24

SY-50 1 P.T.O.

Reg. No. : ..................................... SY-50

Name : ..........................................

Part – III

ACCOUNTANCY WITH COMPUTERISED ACCOUNTING Maximum : 60 Scores

Time : 2 Hours Cool-off time : 15 Minutes








Examination Hall.

15 ‘ ’ . ‘ ’

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SY-50 2

PART – A (Scores : 40)

ACCOUNTING

I. Answer all questions from 1 to 5. Each carries 1 score. (5 1 = 5)

1. The amount received by the Not-for Profit organisation as per the will of a deceased person is called _______.

(a) Honorarium (b) Subscription

(c) Legacy (d) Specific grant

2. At the time of dissolution of a firm, which of the following liability will be paid first ?

(a) Outstanding Salary of Partners

(b) Partners Loan

(c) Partners Capital

(d) Sundry Creditors

3. A Partnership firm incures a loss of ` 28,000 during the year 2018-19. Which among the following is admissible to Partners at the end of this year ?

(a) Interest on Partners Loan

(b) Interest on Partners Capital

(c) Commission to Partners

(d) Salary to Partners

4. Goodwill brought in by the incoming partner in cash is credited to _______.

(a) Old Partners Capital Account in Sacrificing ratio

(b) Old Partners Capital Account in new ratio

(c) New Partners Capital Account in Gaining ratio

(d) New Partners Capital Account in new ratio

5. At the time of reconstitution of a firm the value of Building is found appreciated by 20%. What journal entry will be passed for above adjustment with regard to revaluation ?

II. Answer any 4 questions from 6 to 10. Each carries 2 scores. (4 2 = 8)

6. Siva is a partner in United Tours and Travels. He withdraws ` 4,000 per month regularly in the middle of every month during the year 2019. The rate of interest on drawings is 8%. Calculate Interest on drawings for the year 2019.

SY-50 3 P.T.O.

PART – A (Scores : 40)

ACCOUNTING

I. 1 5 . 1 .

(5 1 = 5) 1.

_______. (a) (b) (c) (d) 2.

. (a) (b) (c) (d) 3. 2018-19 ` 28,000 .

. (a) (b) (c) (d) 4.

_______. (a) (b) (c) (d) 5. 20%

. .

II. 6 10 4 .

2 : (4 2 = 8) 6. . 2019

4,000 . 8% . 2019 .

SY-50 4

7. Briefly explain any two circumstances which need for valuation of goodwill in a

Partnership firm.

8. Do you think that there is a need for the revaluation of assets and liabilities of a firm on

the retirement of a partner ? Justify your answer.

9. Show how the following items will appear in the financial statement of a Not-for-Profit

organisation :

(i) Cricket Match fund ` 40,00,000

(ii) Cricket Match Expenses ` 23,00,000

(iii) Donations received for conducting cricket matches ` 12,00,000

(iv) Sale of Cricket Match tickets ` 16,00,000

10. Enumerate any two rights acquired by a newly admitted partner of a firm.

III. Answer any 3 questions from 11 to 14. Each carries 3 scores. (3 3 = 9)

11. Rejith is a partner in a firm. On 1st January 2017, his capital account balance was

` 2,20,000. As per partnership agreement a partner is entitled to 6% interest per annum

on his capital. Rejith introduced additional capital ` 80,000 on 01-07-2017 and

withdrew ` 50,000 on 1-10-2017. Calculate the interest on capital for the year ending

31st December 2017.

12. State any three differences between dissolution of partnership and dissolution of firm.

13. The profit for the last five years of a firm were as follows :

Year Profit

2014 62,000

2015 58,000

2016 84,000

2017 78,000

2018 80,000

Capital employed in the firm is ` 5,00,000. Calculate the value of goodwill on the basis

of 3 years purchase of Super Profit, assuming that the normal rate of return on capital

employed is 12%.

14. List out the various adjustments required in the accounts of a firm on retirement of a

partner. (6 Points)

SY-50 5 P.T.O.

7. .

8.

? .

9.

. (i) 40,00,000 (ii) 23,00,000 (iii) 12,00,000 (iv) 16,00,000 10.

. III. 11 14 3 .

3 : (3 3 = 9) 11. . 01-01-2017-

2,20,000 . 6% . 01-07-2017 80,000 , 1-10-2017 50,000 . 31-12-2017 .

12. , .

13. :

2014 62,000 2015 58,000 2016 84,000 2017 78,000 2018 80,000

5,00,000 . 12% . .

14. . (6 )

SY-50 6

IV. Answer any 2 questions from 15 to 17. Each carries 5 scores. (2 5 = 10)

15. Following is the Balance Sheet of Lekshmi, Priya and Deepa, who share profits and losses equally.

Balance Sheet of Lekshmi, Priya and Deepa as on 31/03/2017

Liabilities Amount Assets Amount

Creditors 12,000 Cash at Bank 26,600

Reserve fund 36,000 Sundry Debtors 26,000

Capital :- Stock 18,000

Lekshmi 29,200 Fixed Assets 65,000

Priya 29,200

Deepa 29,200

1,35,600 1,35,600

Lekshmi died on 31st May 2017. According to the Partnership deed her legal representatives are entitled to :

(1) Balance in the capital account and undistributed profit/loss.

(2) Share of Goodwill under average profit method.

(3) Share in the profit upto the date of death based on last year Profit.

(4) Interest on capital @ 6% p.a.

The goodwill of the firm under average profit method is ` 42,000, and profit for the year 2016-17 ` 21,600. Calculate the amount payable to Lekshmi’s legal representatives.

16. Sathy and Varsha are partners in a firm sharing profit and losses in the ratio of 3 : 1. Their Balance Sheet as on 1st January 2019 was as follows :

Balance Sheet of Sathy and Varsha as on 01-01-2019


Rent Outstanding 3,000 Cash in hand 12,000

Creditors 18,000 Investment 60,000

General Reserve 10,000 Stock 24,000

Capital : Sathy 2,00,000 Debtors 44,000

Varsha 60,000 Less : Provision for 4,000

Bad debts

40,000

Machinery 30,000

Building 1,25,000

2,91,000 2,91,000

SY-50 7 P.T.O.

IV. 15 17 2 .

5 : (2 5 = 10)

15. , , , .

, , 31/03/2017

12,000 26,600 36,000 26,000 :- 18,000

29,200 65,000 29,200

29,200

1,35,600 1,35,600 31-05-2017- .

: (1) , -.

(2) . (3)

. (4) 6% . 42,000

, 2016-17 21,600 . .

16. , 3 : 1

. 01-01-2019- : , 01-01-2019-

3,000 12,000 18,000 60,000 10,000 24,000 : 2,00,000 44,000 60,000 :

4,000

40,000

30,000 () 1,25,000

2,91,000 2,91,000

SY-50 8

Suma is admitted into the firm with ¼ share in profits on the following terms :

(1) Market value of Investment are to be taken at ` 70,000.

(2) Buildings were found undervalued by ` 4,000.

(3) Stock is revalued at ` 26,000.

(4) It was found that creditors included a sum of ` 3,000 which was not to be paid.

(5) Machinery is to be depreciated by 10%.

Prepare Revaluation Account. 17. Write any five differences between Receipts and Payments Account and Income and

Expenditure Account.

V. Answer any 1 question from 18 and 19, which carries 8 scores. (1 8 = 8)

18. Following is the Receipts and Payments Account of Madras Sports Club for the year ending 31st March 2019.

Receipts and Payments Account for the Year ending 31-3-2019

Receipts Amount Payments Amount

Balance b/d Salaries 88,000

Cash 7,300 Printing & Stationery 9,320

Bank 14,400 Sports Expenses 96,100

Subscription 3,53,900 Electricity charges 4,380

Donations 60,000 Rent 7,600

Entrance Fees 24,200 Entertainment Expenses 1,600

Locker rent 8,500 Investment (31-3-2019) 2,10,000

Balance c/d Cash 9,300

Bank 42,000

4,68,300 4,68,300

Additional Information :

(1) Subscription outstanding during 2018-19 amounted ` 26,000.

(2) Salary outstanding for the year 2018-19 amounted ` 8,000.

(3) Entrance fees and Donation should be capitalised.

(4) The stock of stationery as on 31-03-2019 is valued at ` 800.

(5) Depreciation is to be charged @ 10% p.a. on Sports equipments.

(6) On 1st April 2018 other balances were as under :

Land and Building ` 1,20,000

Sports Equipments ` 18,000

Library Books ` 10,000

Prepare Income & Expenditure Account for the year ended 31st March 2019 and Balance Sheet as on that date.

SY-50 9 P.T.O.

1/4 .

(1) 70,000 . (2) 4,000 . (3) 26,000 . (4) 3,000 . (5) 10% . .

17. .

V. 18 19 1 .

8 . (1 8 = 8) 18. 31-03-2019-

. 31-3-2019

: 88,000 7,300 & 9,320 14,400 96,100 3,53,900 4,380 60,000 7,600 24,200 1,600 8,500 (31-3-2019) 2,10,000 9,300 42,000

4,68,300 4,68,300 : (1) 2018-19- 26,000 . (2) 2018-19 8,000 . (3)

. (4) 31-03-2019- 800 . (5) 10% . (6) 01-04-2018- : 1,20,000 18,000 10,000 31-03-2019- ,

.

SY-50 10

19. Manu and Manoj are partners, who share profit in the ratio of 2 : 1. Following is the Balance Sheet as on 31st March 2018.

Balance Sheet of Manu and Manoj as on 31-3-2018


Sundry Creditors 48,000 Cash and Bank 40,000

General Reserve 30,000 Stock 60,000

Capital : Sundry Debtors 78,000

Manu 1,40,000 Land and Building 1,00,000

Manoj 80,000 Furniture 20,000

2,98,000 2,98,000

On a dispute between the partners they decided to dissolve the firm on the following terms :

(1) Realisation expenses amounted to ` 4,000.

(2) Debtors realised at a discount of 5%.

(3) Stock realised at ` 50,000.

(4) Fixed Assets realised –

Land & Building ` 1,40,000

Furniture ` 18,000

(5) There was an unrecorded assets of ` 5,000, which was taken over by Manu.

(6) Creditors are paid in full.

Prepare necessary ledger accounts to close the books of firm.

PART – B (Scores : 20)

COMPUTERISED ACCOUNTING

VI. Answer all questions from 20 to 22. Each carries 1 score. (3 1 = 3)

20. The Code CS101, CS102, CS103 for customer x, y and z is an example of ______code.

(a) Mnemonic (b) Sequential

(c) Block (d) None of these

21. Which of the following is not a component of Payroll statement ?

(a) D.A. (b) D.B.

(c) H.R.A. (d) P.F.

22. The tool used to connect two tables in Libre Office Base.

(a) Report (b) Queries

(c) Form (d) Relationship

SY-50 11 P.T.O.

19. , 2 : 1 . 31-03-2018- .

, 31-3-2018

48,000 40,000

30,000 60,000

: 78,000

1,40,000 1,00,000

80,000 20,000

2,98,000 2,98,000

. (1) 4,000 . (2) 5% . (3) 50,000 . (4) – 1,40,000 18,000 (5) 5,000 . (6) .

.

PART – B (Scores : 20) COMPUTERISED ACCOUNTING VI. 20 22 . 1 . (3 1 = 3)

20. CS101, CS102, CS103 x, y, z ______ .

(a) (b) (c) (d)

21. “ ” . (a) .. (b) .. (c) ... (d) ..

22. “ ” .

(a) (b) (c) (d)

SY-50 12

VII. Answer any 3 questions from 23 to 26. Each carries 2 scores : (3 2 = 6)

23. Discuss any two security features of Computerised Accounting System.

24. The details of sales is given below in the following spread sheet :

A B C D

1 Code Name of Salesmen Sales Commission

2 101 Praveen 62000 ?

3 102 Jaffar 74000

4 103 Johny 68000

5 Total Sales ?

Write the formula to calculate :

(a) Total Sales in cell C5.

(b) 10% Sales Commission to Praveen in cell D2.

25. Name the system generated ledger accounts in GNUkhata.

26. List out any four “data types” available in “Libre Office Base”.

VIII. Answer any 2 questions from 27 to 29. Each carries 3 scores. (2 3 = 6)

27. Arun Traders took a loan of ` 1,00,000 for 24 months from SBI @ 12% interest for that

period.

(a) Identify the financial function used for preparing loan repayment schedule in calc.

(b) Give its Syntax and explain its parameters.

SY-50 13 P.T.O.

VII. 23 26 3 .

2 : (3 2 = 6)

23. .

24. .

A B C D

1

()

2 101 62000 ?

3 102 74000

4 103 68000

5 ?

:

(a) C5 .

(b) 10% D2 .

25. .

26. “ ” “ ” (Data type) .

VIII. 27 29 2 .

3 : (2 3 = 6)

27. 1,00,000 12% 24

...- .

(a) “ ” .

(b) .

SY-50 14

28. A chart is given for you.

(a) Identify the name of above chart type.

(b) Briefly explain any two advantages of preparing charts.

29. Write the different steps for creating a Table in Libre Office Base.

IX. Answer any 1 question from 30 to 31. Each carries 5 scores. (1 5 = 5)

30. Describe the use and Syntax of the following functions in Libre Office Calc :

(a) Now

(b) Count

(c) IF

(d) Rate

(e) Concatenate

31. Devika Agencies already created an organisation in GNUkhata. Now they want to

create ledger accounts. Write the procedure to create the following ledger accounts by

preparing a table showing relevant groups and subgroups, assuming that there is no

opening balances.

(1) Capital (2) Furniture

(3) Cash (4) Debtors

(5) Creditors (6) Purchases

(7) Sales (8) Salary

____________

SY-50 15 P.T.O.

28. .

(a) . (b) .

29. “ ” () .

IX. 30 31 1 .

5 : (1 5 = 5)

30. “ ” , .

(a) Now ()

(b) Count () (c) IF () (d) Rate () (e) Concatenate () 31. .

. , (procedure) .

(1) (Capital) (2) (3) (4) (5) (6) (7) (8)

____________

SY-50 16

SY-52 1 P.T.O.

Reg. No. : ..................................... SY-52

Name : ..........................................

Time : 2 Hours

Part – II Cool-off time : 15 Minutes

COMPUTER SCIENCE & INFORMATION TECHNOLOGY

Maximum : 60 Scores








Examination Hall.

15 ‘ ’ .

‘ ’ .

.

.

, , , .

.

.

.


SY-52 2

PART – A Answer all questions from 1 to 5. Each carries 1 score. (5 1 = 5) 1. Structure is a ________ data type. (a) derived (b) user defined (c) character (d) character and integer 2. The wrapping up of data and functions into a single unit is called ________. (a) Data abstraction (b) Objects (c) Polymorphism (d) Data encapsulation 3. A computer that hosts website is called ________. (a) web browser (b) web server (c) DNS server (d) FTP server 4. Pick the odd one out : (a) Oracle (b) MySQL (c) C++ (d) SQL Server 5. Which character is used to include comments in Python ? (a) // (b) # (c) /* (d) */

PART – B

Answer any 11 questions from 6 to 18. Each carries 2 scores. (11 2 = 22) 6. What is meant by memory leak ? 7. Write the differences between procedural oriented programming and object oriented

programming. 8. Define following terms : (a) class (1) (b) object (1) 9. (a) Write a statement to open the file “number.dat” for reading. (1) (b) Define the term stream. (1) 10. Write any four software parts and their services.

SY-52 3 P.T.O.

PART – A 1 5 . 1 .

(5 1 = 5) 1. ________ . (a) Derived (b) User defined (c) Character (d) Character and integer 2. ________

. (a) Data abstraction (b) Objects (c) Polymorphism (d) Data encapsulation 3. ________ . (a) web browser (b) web server (c) DNS server (d) FTP server 4. . (a) Oracle (b) MySQL (c) C++ (d) SQL Server 5. Python ? (a) // (b) # (c) /* (d) */

PART – B

6 18 11 . 2 . (11 2 = 22)

6. ?

7. Procedural oriented programming, Object oriented programming .

8. : (a) class (1) (b) object (1)

9. (a) “number.dat” . (1)

(b) Stream . (1) 10. .

SY-52 4

11. Distinguish between empty and container tags. 12. Explain any two unany operations in relational algebra.

13. Explain any two column constraints of a table. 14. Distinguish between WHERE clause and HAVING clause. 15. Explain any two application of computational intelligence. 16. Explain any two cyber crimes against government. 17. Distinguish between list and tuple in python. 18. Explain range ( ) in python with example.

PART – C

Answer any 7 questions from 19 to 27. Each carries 3 scores. (7 3 = 21) 19. Compare static and dynamic memory allocations in C++. 20. Define any three types of inheritance with diagram. 21. Define a class named ‘STOCK’ with following members :

Data members Item number, Item name, Item quantity, Item price Member functions getdata( ) putdata( )

22. Explain any two scripting languages.

23. Consider the instance of the STUDENT relation shown in the following table. Identify attributes, degree and cardinality.

Adm No. Roll Name Batch

101 12 Sachin Technical

102 18 Rahul Science

103 20 Mahesh Technical

SY-52 5 P.T.O.

11. , . 12. Relational algebra .

13. . 14. WHERE , HAVING . 15. Computational intelligence . 16. . 17. list tuple ?

18. range ( ) .

PART – C

19 27 7 .

3 . (7 3 = 21) 19. C++ , Static, dynamic

. 20. . 21. members ‘STOCK’ .

Data members Item number, Item name, Item quantity, Item price Member functions getdata( ) putdata( )

22. scripting languages .

23. STUDENT . Attributes, degree, cardinality . Adm No. Roll Name Batch 101 12 Sachin Technical 102 18 Rahul Science 103 20 Mahesh Technical

SY-52 6

24. Explain any three aggregate functions in MySQL.

25. Compare Serial and parallel computing.

26. Explain any three e-learning tools.

27. Write a python program to find the largest among two numbers.

PART – D


28. Write a C++ program to overload + operator for two complex numbers.

29. Write a C++ program to copy one file to another.

30. Write the use of following HTML tag : 4 1 = 4

(a) <B>

(b) <H2>

(c) <BR>

(d) <SUB>

31. Explain any Four types of DBMS users.

32. Consider the following table ‘STOCK’. 4 1 = 4

STOCK (STOCK_ID, NAME, QUANTITY, PRICE)

Write the following SQL statements :

(a) List all items having quantity as 10

(b) Display all items in alphabetical order of name

(c) To find the item with highest price

(d) To remove items having STOCK_ID as 100

___________

SY-52 7 P.T.O.

24. MySQL- . 25. Serial, parallel . 26. e-learning . 27.

.

PART – D 28 32 3 .

4 . (3 4 = 12)

28. +

C++ . 29. C++ .

30. HTML . 4 1 = 4

(a) <B> (b) <H2>

(c) <BR> (d) <SUB> 31. DBMS users .

32. ‘STOCK’ . 4 1 = 4

STOCK (STOCK_ID, NAME, QUANTITY, PRICE)

SQL statements . (a) Quantity 10 . (b) . (c) price . (d) STOCK_ID 100 item remove .

___________

SY-52 8

SY 55 1 P.T.O.

Reg. No. : ..................................... SY 55

Name : ......................................... Time : 2 Hours Cool-off time : 15 Minutes

Part – II

COMPUTER INFORMATION TECHNOLOGY

(Old Syllabus) Maximum : 60 Scores








Examination Hall.

15 ‘ ’ .

‘ ’ .

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, , , .

.

.

.


SY 55 2

1. Which of the following produces the best quality graphic output ?

(a) Dot Matrix (b) Inkjet (c) Laser printer (1)

2. DVD stands for _______. (1)

3. Pick the odd one out.

(a) SCSI (b) USB (c) SATA (1)

4. The columns of a table are referred to as _______.

(a) tuple (b) attribute (c) relation (1)

5. The statement that causes return from a function is

(a) return (b) break (c) goto (1)

6. Which of the following is not a stream object ?

(a) cin (b) cout (c) endl (1)

7. Distinguish between LCD and CRT displays. (2)

8. Briefly explain cache memory. (2)

9. Write short note on USB flash drive. (2)

10. Define word length and clock speed. (2)

11. Name any four registers in CPU. (2)

12. Write the C++ statements for the following :

(a) d = b2 – 4 ac

(b) area = r2 (2)

SY 55 3 P.T.O.

1. ?

(a) Dot Matrix (b) Inkjet (c) Laser printer (1)

2. DVD _______ . (1)

3. .

(a) SCSI (b) USB (c) SATA (1)

4. _______ .

(a) tuple (b) attribute (c) relation (1)

5.

(a) return (b) break (c) goto (1)

6. stream ?

(a) cin (b) cout (c) endl (1)

7. LCD, CRT display . (2)

8. cache . (2)

9. USB . (2)

10. word length, clock speed . (2)

11. CPU . (2)

12. C++ :

(a) d = b2 – 4 ac

(b) area = r2 (2)

SY 55 4

13. Briefly explain any two features of object oriented programing. (2)

14. Distinguish between class and object. (2)

15. Write the syntax of deriving a class from another. (2)

16. What are the advantages of inheritance ? (2)

17. Write the C++ statement to open a file named “abc.txt” for reading. (2)

18. Briefly explain any three input devices. (3)

19. What are the functions of ALU and control unit of CPU ? (3)

20. What is meant by bus ? List the different types of buses. (3)

21. Briefly explain different data models. (3)

OR

22. What are the advantages of DBMS ? (3)

23. Rewrite the following code using conditional operator.

if (a > b)

big = a;

else

big = b; (3)

24. Explain the visibility modes in C++. (3)

SY 55 5 P.T.O.

13. . (2)

14. , . (2)

15. derive (syntax)

. (2)

16. ? (2)

17. “abc.txt” C++ . (2)

18. . (3)

19. CPU ALU, control unit ? (3)

20. Bus ? . (3)

21. . (3)

OR

22. DBMS ? (3)

23. .

if (a > b)

big = a;

else

big = b; (3)

24. C++ (visibility) . (3)

SY 55 6

25. Consider the following class :

class ABC

{ int a, b;

public :

ABC ( )

{

a = 5; b = 7;

}

};

(a) Write a main program to create an object of class ABC. (1)

(b) Write a parameterized constructor for the class ABC to initialize data member a and b. (2)

26. Briefly explain the file opening modes in C++. (3)

27. Explain the storage mechanism of optical storage devices. (4)

OR

28. Explain different types of ROM memories. (4)

29. Explain function overloading with an example.

OR

Consider the following class :

class complex

{

int x, y ;

public :

complex (int a, int b)

{

x = a; y = b;

}

complex operator + (complex);

};

(a) Which operator is overloaded here ? (1)

(b) Write a main program to add two complex objects. (1)

(c) Define the operator function outside the class. (2)

_____________

SY 55 7 P.T.O.

25. : class ABC { int a, b; public : ABC ( ) { a = 5; b = 7; } }; (a) ABC

. (1)

(b) a, b initialize ABC parameterized . (2)

26. C++ . (3)

27. . (4)

OR 28. ROM . . (4)

29. . OR :

class complex { int x, y ; public : complex (int a, int b) { x = a; y = b; } complex operator + (complex); }; (a) ? (1)

(b) complex add . (1)

(c) define . (2)

_____________

SY 55 8

accountancy with analysis of financial

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