302sample paper ii

8/12/2019 302sample Paper II

1/5

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Sample Paper 2012

Class XIIACCOUNTANCY

PART A - NOT FOR PROFIT ORGANISATIONS, PARTNERSHIP FIRMS AND COMPANYACCOUNTS

1. When can Subsc!"#!$ns be %eb!#e% #$ Inc$&e ' E("en%!#ue A)c, !n #he case $* N$# F$ P$*!#

O+an!sa#!$ns 1Mark 1.5 Minutes

/. 0!s# an #2$ "$!n#s %!s#!n+u!sh!n+ In#an+!b3e Asse#s *$& F!c#!#!$us Asse#s. 2 Marks 2 Minutes

4. Wha# !s #he A)C #ha# 2!33 be ce%!#e% 2hen an !nc$&!n+ "a#ne %$es n$# b!n+ !n cash, bu# $#heasse#s #$2a%s h!s shae $* +$$%2!331 Mark 2 Minutes

5. Na&e an #2$ 2as $* +enea#!n+ *un%s *$ se##3!n+ a e#!!n+ "a#ne)e(ecu#$ $* #he %ecease%"a#ne.

2 Mark 2 Minutes

6. F$& #he *$33$2!n+ Rece!"# an% Pa&en#s acc$un# $* Dea&3an% Tus#, prepare Income andExpenditure Account for the year ended 31st. December 2!!" and a #a$ance %heet as on thatdate after considerin& ad'ustments &i(en be$o)*

Rece!"#s ' Pa&en#s Acc$un#

Rs. Rs.

Cash ' 7an8 95,::: Ren# 6,6::

Sa3e $* In;es#&en# /::9 6,:::

91,:::

Fun!#ue /:,:::

/::= ?4,::: 7$$8s 4,:::

/::< 4,::: In;es#&en#s 1,6:,:::

In#ees# $n In;es#&en# /,::: He3" #$ Nee% S#u%en#s //,:::

Sa3e $* Fun!#ue 7$$8 @a3ue Rs.4,::: 4,/:: Cash ' 7an8 ?/,


2/5


9. The ba3ances !n Ca"!#a3 Acc$un#s $* D, E an% F PSR $* 4>/>1, a*#e a33 a%Bus#&en#s an%

#ans*e $* "$*!#s, s#$$% a# Rs.1?,::,:::, Rs.1/,::,::: an% Rs.=,::,:::, es"ec#!;e3, $n41.1/./:1:. D, E an% F ha% %a2n Rs.5,::,:::, Rs.4,::,::: an% Rs. 1,=:,:::, es"ec#!;e3.Subseuen#3 !# 2as %!sc$;ee% #ha# In#ees# $n Ca"!#a3 a# 1: ".a. an% In#ees# $n %a2!n+s,D Rs.1/,:::, E Rs.1:,::: an% F Rs.?,:::, 2ee $&!##e%. The Ne# P$*!#s *$ #he ea,a3ea% ce%!#e% #$ #he! Ca"!#a3 Acc$un#s, a&$un#e% #$ Rs./5,::,:::. ass 'ourna$ entry forrecordin& the ad'ustment. %ho) your )orkin&s c$ear$y.

/ Marks - 1! Minutes

=. F$& #he *$33$2!n+ !n*$&a#!$n, ca$cu$ate the (a$ue of 0ood)i$$ by +apita$isation Method> a. Ne# Ta%!n+ esu3#s $* #he *!& *$ #he "as# eas /::: - Rs./,/ s#$$% as *$33$2s>

0IA7I0ITIES ASSETS

Sun% Ce%!#$s /,1:,::: F!(e% ' Cuen# Asse#s 6,1:,:::

Genea3 Rese;e 1,/:,::: A%;e#!se&en#Sus"ense 4:,:::

P ' 0 Acc$un# 6:,:::

Ca"!#a3s A ' 7 1,?:,:::

6,5:,::: 6,5:,:::

C 2as a%&!##e% as a ne2 "a#ne *$ 1)6#hshae $* *u#ue "$*!#s, *$ 2h!ch he b$u+h#Rs.1,::,::: as Ca"!#a3. ass necessary 'ourna$ entries for +ash brou&ht in by +./ Marks - 1! Minutes

11. 0, M an% N ae "a#nes sha!n+ "$*!#s as 6:, 4: an% /: es"ec#!;e3. On 41.4./:1:,#he! 7a3ance Shee# s#$$% as *$33$2s>

IA#IIIE% A%%E%

Sun% Ce%!#$s 4?,::: 7u!3%!n+ =/,:::

W$8&ens C$&"ensa#!$nP$;sn.

1:,::: P3an# 41,:::

Genea3 Rese;e /6,::: Deb#$s /:,::: 19,:::

Ca"!#a3s 0 5:,::: 0ess> P.D.D. 4,:::16,::: M 5:,::: S#$c8

N 4:,::: 1,1:,::: Cash ' 7an8 4?,:::

1"1!!! 1"1!!!

M e#!e% $n 41.:4./:1: an% #he *$33$2!n+ aan+e&en# 2as %ec!%e% u"$n>

a. 0 an% N %ec!%e #$ shae "$*!#s an% 3$sses eua33, !n #he *u#ue.b. F!&s +$$%2!33 2as ;a3ue% a# Rs.9:,::: an% !# 2as %ec!%e% #$ a%Bus# Ms +$$% 2!33 !n#$

Ca"!#a3 acc$un#s $* c$n#!nu!n+ "a#nes.c. The c3a!& #$2a%s 2$8&ens c$&"ensa#!$n !s es#!&a#e% a# Rs.1/,:::.%. P$;!s!$n *$ ba% %eb#s !s #$ be a# 1.e. A Ce%!# Puchase b!33 *$ Rs./,?:: !s e# #$ be acc$un#e%.*. 7a3ance %ue #$ M 2as c$n;e#e% !n #$ 0$an %ue #$ h!&.+. 0 an% N %ec!%e #$ a%Bus# #he! Ca"!#a3 !n #he! ne2 PSR, base% $n #he #$#a3 ca"!#a3 a*#e a33

a%Bus#&en#s, b b!n+!n+ !n ) #a8!n+ $u# cash. Marks 1" Minutes

repare 4a6e(a$uation A7c 4bartners8 +apita$ A7cs and 4c#ank A7c.

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3/5


1/. D, E an% F 2ee "a#nes !n a *!&, 2!#h a PSR $* 5>4>/. E %!e% $n 1.:


4/5


PART 7 - ANA0YSIS OF FINANCIA0 STATEMENTS

1=. Un%e )hat Ma'or and Minor :eadin&s2!33 $u *!# #he *$33$2!n+ acc$un#s. a De"$s!# 2!#h Cus#$&s De"a#&en#. b Unca33e% 0!ab!3!# $n "a#3 "a!% u" shaes c In#ees#

Accue% an% Due $n In;es#&en#s * In#ees# Accue% bu# n$# %ue $n 0$ans. 1Mark - 3 Minutes

1uity ratio of 1*3

a O"en Ma8e# Puchase $* O2n Deben#ues *$ In;es#&en# Pu"$ses b W!#e $** $* 0$ss$n Issue $* Deben#ues b u#!3!K!n+ ba3ance !n Secu!# Pe&!u& A)c c Tans*e $* a&$un#s*$& Shaes F$*e!#e% A)c #$ Ca"!#a3 Rese;e A)c $n e!ssue $* *$*e!#e% shaes % Rece!"# $*M$n!es #$2a%s Ca33s !n Aeas.

2 Marks - / Minutes//. +a$cu$ate the fo$$o)in& ratios$n #he bas!s $* !n*$&a#!$n +!;en be3$2 >

!J 0!u!% Ra#!$!!J P$"!e#a Ra#!$!!!J O"ea#!n+ Ra#!$Information *Sa3es Rs. 4,/:,::: Sa3es Re#uns Rs./:,::: C$s# $* G$$%s s$3% Rs. 1,/:,:::Se33!n+ e("enses Rs. =:,::: A%&!n!s#a#!;e e("enses Rs.5:,::: Cuen# Asse#s!nc3u%!n+S#$c8 $* Rs.1:,::: Rs.1,?:,::: Cuen# 0!ab!3!#!es - Rs.1,::,::: F!(e% Asse#sRs.4,=:,::: In;es#&en#s Rs.?:,::: Eu!# Shae Ca"!#a3 - Rs.4,96,:::> Genea3 Rese;e

Rs. 1,/6,:::. / Marks " Minutes

/4. L 0#%. &a%e a "$*!# $* Rs.1,::,:::, a*#e c$ns!%e!n+ #he *$33$2!n+, %u!n+ #he ea.a. De"ec!a#!$n $* F!(e% Asse#s Rs./:,::: b. A&$#!Ka#!$n $* G$$%2!33

Rs.1:,:::.c. 0$ss $n Sa3e $* Fun!#ue Rs.1,:::. %. Tans*e #$ Genea3

Rese;e Rs.15,:::.e. P$*!# $n Sa3e $* Mach!ne Rs.?,:::. *. In#ee!& D!;!%en%s Pa!%

Rs./6,:::.+. In#ees# On In;es#&en#s Rs.=,::: h. In#ees# $n M$#+a+e 0$an

Rs.1/,:::!. P$;!s!$n *$ #a(a#!$n &a%e Rs.1?,:::, B. Inc$&e Ta( Pa!% Rs.1/,:::

The *$33$2!n+ a%%!#!$na3 !n*$&a#!$n !s a3s$ a;a!3ab3e #$ $u>

+a$cu$ate +ash ?$o) from @peratin& Acti(ities. Marks 15 Minutes

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Pa#!cu3as 41.4./::< 41.4./:1:

Acc$un#s Rece!;ab3e 55,::: 59,:::

Acc$un#s Paab3e 4?,::: 5/,:::

Pe"a!% E("enses 1,5:: ?::
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Pa"e Sub&!##e% 7>Na&eNATARAMURTHYE&a!3na##us!+&a!3.c$&Ph$ne N$.:55-/=16??

302sample paper ii

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