RollNe, ms Series SSR code Ne. 67/1 ° Pease check that this question paper contains 19 printed pages. Code number given on the right hand side of the question paper should be written on the title page of the answer-book by the candidate. Please check that this question paper contains 16+7+6 questions. © Please write down the serial number of the question before attempting it. og of at a fi ce wesae H yes ye 158 | © Fe H eAeA gee a ae RET ae Tee we sae er Fe qe-yS or fee © Bat oie az a fis ga eeaT H 16ers weT E 1 © guar ae ar ae Ferma ye AG wee, wer a aaa seaea fee | z ACCOUNTANCY Terie ‘Tine allowed : $ hours Maximum Marks ; 80 Frulficr ae > 3 ae TET FH + BO General Instructions = (i) This question paper contains three parts A, B and C. (ii) Part A is compulsory for all candidates. (iii) Candidates can attempt only one part of the remaining parts B and C, (iv) All parts of the questions should be attempted at one place, aura Fear: Ome eae tt ait Hanes b&w ite GO WT eH oat & fre otra BY (iu) Wy oT w@ sie 7-H S aie ee TTT eT AAT 2 1 (iu) Pe wer apa aT & see Wwe a war aT festa 1 PART A (Not for Profit Organisations, Partnership Firms and Company Accounts) we (Corman dex, agent wi am eer wert) 1. Distinguish batween Income and Expenditure Account and Receipt and Payment Account on the basis of nature of items rocerded therein. 1 arr Fer Sra are Us a Te Ta GIF er St Ve at He at ashy Haren 1 Fan ATT | 67/1 1 PTO.2. Ram and Mokan are partners in a firm without any partnership deed. Their capitole are Ram Rs. 8,00,000 and Mohan Rs, 6,009,000. Ram is an active partnor and looks after the ‘business. Ram wants that profit should be shared in proportion of capitals, State with reason whether his claim is valid or not, 1 wt oat ea Um wa A aMeR ¢) Sah ma aE Rat der aA #1 saat. het Fr war @ FH 8,00,000 %. Tat FEF 6,00,000 %. 1 TH um Hise ater 2 air Se a Gate wer #1 cH agar 8 fh aM aT PT YT y sq a A | Sr] Sat ame Fe Tea eer eat @ sree Fat 1 & Define goodwill. ware BH atta dita | ‘State any two reasons for the preparation of ‘Revaluation Account’ on’ the admission of a . partner. 1 aRkR oor e yripior ae aan & ae a mer sae | 5. Give the meaning of ‘minimum subscription’, 1 “ann after’ ay ot aire | & Calculate the amount of sports material to be debited to the Income and Expenditure Account of Capital Sports Club for the year ended 31.9.2007 on the basis of the following information 14.2006 31.8.2007 Rs, Ra, Stock of sports material 7,500 6.400 Creditors fur sports material 2,000 2,600 Amount paid for sports material during the yoar was Rs. 19,000. a Frevfehan Gaal STIR R 91.3207 Fart ae ay fru Mier ets eae S ST a art + See at ot ach sitet aah st afer i mer aSe 14.2006 813.2007 a %. We Te a Ts 7,500 6,400 wer ana & Ser 2,000 2,600 af % they wisn are & fre 19,000 %. a1 yaaa feat oy 1 67/1 2Samta Ltd, forfeited 800° equity shares of Rs. 100 each for the non-payment of first call of Ra, 30 per sharé, ‘Phe final eall of Rs, 20 per°share was not yet made, Out of the forfeited shares 400 were re-issucd at the rate of Re, 105 per chare fully paid up. Pass necessary journal entries in the books of Samta Ltd. for the above transactions. aa fe. 9 20%. oi Sit ot wan ARE aT TTA WET 7 Set WT 100%. aetH ATE 800 Sear sigh aT eer ax fora | eH ait 1 20%, oft ott at sc aT A Hin ait ae ret at ad at | geet fe ae sie FF 400 Se aT 1055. He sig BT Spi wea er frier ae fear rar | win fa. at aa A ors Gata & fee snags ora sfafeat aif | 8. Deepak Lid, purchased furniture Rs. 2,20,000 from M/s Furniture Mart. 50% of the Amount was paid to Furniture Mart by accepting 1 bill of exchange and for tho balance the company issued 9% debentures of Rs, 100 cach at a premium of 10% in favour of Furniture Mart, Pags necessary journal entrivs in the books of Deepak Ltd. for the above transactions. dum fe. 4 4. wifar ad @ 2200008. a7 water aier | afer A som a PRI write ae ai fatara fae at eltela tae fer rar aa ve ferme amr A oh We % AH] 100%, Te % om FTA ST aon hate oe Eri fT | arm cae & fee dew fe. at ye TP sraete Taare staat site | 9, Kumar and Raja were partners in a firm sharing profits in the ratio of 7: 8, Their xed capitals were ; Kumar Rs, 9,00,000 and Raja Rs. 4,00,000. The partnership decd provided for the following but the: profit for the year was distributed without providing. for (i) Interest on capital @ 9% per annum, (ii) Kumar's solary Rs. 60,000 per year and Raja's salary Re. $,000 per month. The profit for the year ended 31.3.2007 was Rs. 2,78,000. Pass the adjustment entry. IR aa Tat ue wi A aden 8 om 723% ome Ham Refs ae a | oe tari Gaet eT sare af; SAR 9.00.00 & Ta Ta 400,000 8. | ase acta F fefaten a saat a dtr sade ar eae fe fr a at & fee wre mr fae at feat WaT : a hi one saat af a ae S11 (i) FAR aT ATT 50,000. afr St Ta THT aT Ses 3,000 ©. aft AE I 313.2007 St wand ey ae & fore Mt 2,78,000 5. aT 1 saris siete afc 1 ‘ort 3 PTO.