General Instructions:
1) This question paper contains two parts A and B.
2) Part A is compulsory for all.
3) Part B has two options-Option-I Analysis of Financial Statements and Option-II Computerized Accounting.
4) Attempt only one option of Part B.
5) All parts of a question should be attempted at one place.
Section A
(i) This section consists of 17 questions.
(ii) All the questions are compulsory.
(iii) Question Nos. 1 to 6 are very short-answer questions carrying 1 mark each.
(iv) Question Nos. 7 to 10 carry 3 marks each.
(v) Question Nos. 11 and 12 carry 4 marks each.
(vi) Question Nos. 13 to 15 carry 6 marks each.
(vii) Question Nos. 16 and 17 carry 8 marks each.
Section B
(i) This section consists of 6 questions.
(ii) All questions are compulsory
(iii) Question Nos. 18 and 19 are very short-answer questions carrying 1 mark each.
(iv) Question Nos. 20 to 22 carry 4 marks.
(v) Question No. 23 carries 6 marks.
VK Ltd. Journal |
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Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
2018 |
………………………. |
Dr. |
….…… |
||
February 01 |
………………………. |
….…… |
|||
(Purchased own 500, 9% debentures of Rs 100 each at Rs 97 each for immediate cancellation) |
|||||
February 01 |
………………………. |
Dr. |
….…… |
||
………………………. |
….…… |
||||
………………………. |
….…… |
||||
(Cancelled own debentures) |
|||||
….…… |
………………………. |
Dr. |
….…… |
||
………………………. |
….…… |
||||
(……………………….) |
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Year | Profit (Rs) |
2013 – 14 2014 – 15 2015 – 16 2016 – 17 |
3,50,000 4,75,000 6,70,000 7,45,000 |
Balance Sheet of Pranav, Karan and Rahim as on 31.3.2017 |
||||
Liabilities |
Amount (Rs) |
Assets |
Amount (Rs) |
|
Creditors |
3,00,000 |
Fixed Assets |
4,50,000 |
|
General Reserve |
1,50,000 |
Stock |
1,50,000 |
|
|
Debtors |
2,00,000 |
||
|
Bank |
1,50,000 |
||
Capitals: |
|
|
|
|
Pranav |
2,00,000 |
|
|
|
Karan | 2,00,000 | |||
Rahim |
1,00,000 |
5,00,000 |
|
|
|
9,50,000 |
|
9,50,000 |
|
|
|
|
|
Balance Sheet of Chander and Damini as on 31.3.2017 as on 31.3.2016 |
||||
Liabilities |
Amount (Rs) |
Assets |
Amount (Rs) |
|
Sundry Creditors |
1,04,000 |
Cash at bank |
30,000 | |
Bills Receivable |
45,000 | |||
Debtors |
75,000 | |||
Furniture |
1,10,000 | |||
|
Land and Building |
3,10,000 | ||
Capitals: |
|
|||
Chander |
2,50,000 |
|
||
Damini |
2,16,000 |
4,66,000 |
|
|
|
5,70,000 |
|
5,70,000 | |
|
|
|
|
On Application | : | Rs 2 per share |
On Allotment | : | Rs 2 per share |
On First Call | : | Rs 3 per share |
On Second and Final Call | : | Balance amount |
On Application | : | Rs 3 per share |
On Allotment | : | Rs 3 per share (including premium) |
On First Call | : | Rs 3 per share |
On Second and Final Call | : | Balance amount |
(i) To applicants for 90,000 shares | : | 40,000 shares |
(ii) To applicants for 50,000 shares | : | 40,000 shares |
(iii) To applicants for 20,000 shares | : | full shares |
Balance Sheet of Srijan, Raman and Manan as on 31.3.2017 |
||||
Liabilities |
Amount (Rs) |
Assets |
Amount (Rs) |
|
Capitals: |
|
Capital : Manan |
10,000 |
|
Srijan |
2,00,000 |
|
Plant |
2,20,000 |
Raman |
1,50,000 | 3,50,000 |
Investments |
70,000 |
Creditors |
75,000 |
Stock |
50,000 |
|
Bills Payable |
40,000 |
Debtors |
60,000 |
|
Outstanding Salary |
35,000 |
Bank | 10,000 | |
|
|
Profit and Loss Account |
80,000 |
|
|
5,00,000 |
|
5,00,000 |
|
|
|
|
|
Rs | |
Plant | 85,000 |
Stock | 33,000 |
Debtors | 47,000 |
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Syllabus