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Accountancy MS Set-3
Accountancy MS Set-3
SetC
Marking Scheme
Part – I
Section – B
19 (D) ₹1,83,000
20 b) ₹ 8000
21 a)When there is no partnership deed
22 c) 5:4:1
23 a) ₹ 78,000
24 b) increase in liabilities
25 a)Machinery a/c Dr
Creditors a/c Dr
To Revaluation a/c
26 c) ₹3750
27 d) (A) is false but (R) is true
28 b) ₹ 23,750
29 b) 80,000 shares
30 a) Both (A) and (R) are correct and (R) is the correct reason of (A).
31 b) Ajay’s Current A/c will be Credited by ₹6,000.
32 c) ₹ 1,59,95,300
33 a) ₹ 6,00,000
34 b) ₹12,00,000
35 d) None of these
36 a) Both (A) and (R) are correct and (R) is the correct reason of (A).
Part – I
Section – C
37 b) ₹ 1,40,000
38 a) ₹ 1500
39 a)Profit ₹58,000
40 a) Profit for the accounting year
41 d) ₹ 800
Part – II
Section – A
42 a) Both (A) and (R) are true, but (R) is not the explanation of (A)
43 b) interest coverage ratio
44 c) both A & B
45 b) Both (i) and (iii)
46 B) (I)-(d), (II)- (a), (III)-(b), (IV)- (c), (V)-(e)
47 b) inventory turnover
48 c) Goodwill
Part – II
Section – B
49 c) ₹ 2,00,000
50 b) ₹ 1,08,000
51 d) All three (a), (b), (c)
52 d) ₹1,00,000 as Current assets.
53 a) Both (A) and (R) are correct and (R) is the correct reason of (A).
54 d) Only (ii) and (iii) are correct
55 c) (A) is correct but (R ) is wrong