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Answer Keys & Marking Scheme Acc Xii
Answer Keys & Marking Scheme Acc Xii
Answer Keys & Marking Scheme Acc Xii
CLASS – XII
OR
a)
Date Particulars Dr. Cr.
Share Capital A/c Dr. 20,000
To Calls in Arrears A/c 2,000
To Share Forfeiture A/c 18,000
Bank A/c Dr. 8,000
Share Forfeiture A/c Dr. 2,000
To Share Capital A/c 10,000
Share Forfeiture A/c Dr. 7,000
To Capital Reserve A/c 7,000
b)
Date Particulars Dr. Cr.
Share Capital A/c Dr. 7,000
To Share First Call A/c 2,000
To Share Forfeiture A/c 5,000
Bank A/c Dr. 2,400
Share Forfeiture A/c Dr. 1,800
To Share Capital A/c 4,200
Share Forfeiture A/c Dr. 1,200
To Capital Reserve A/c 1,200
24 Partner’s Capital Account 2 Marks
Par Vinay Madan Sunil Par Vinay Madan Sunil Rev A/c
t. t. &
To 20,000 By 70000 60000 4 Marks
Inv Bal Partner’s
est b/d Capital
men A/c
t
G/R 12000 6000
G/ 40000 20000
W
Pre
m.
To 1,10,000 90,000 50000 Rev. 8000 4000
Bal Prof
c/d it
Cas 50000
h
1,30,000 90,000 50000 1,30,00 90,000 50000
0
Revaluation Account
Particulars ₹ Particulars ₹
To Stock 10,000 By Plant 14,000
To Partner’s Capital By Creditors 3,000
Vinay- 8,000
Madan 4,000 12,000 By Investment 5,000
22,000 22,000
OR
Revaluation A/c
Particulars ₹ Particulars ₹
To Claim for W.C. 4,000 By Prov. For Bad 1,000
debts
By Loss transferred:
X – 1,500
Y – 900
Z - 600 3,000
4,000 4,000
PARTNER’S CAPITAL A/C
Part. X Y Z Part. X Y Z
To 1,500 900 600 By 50,000 40,000 20,000
Rev.A Balanc
/c e b/d
To Y’s 5,100 --- 10,200 By 5,000 3,000 2,000
Capita Inv.Fl.
l A/c Fund
To ---- 8,200 ----- By P& 20,000 12,000 8,000
cash L A/c
To Y’s --- 61,200 ---- By --- 5,100 ----
Loan X’s
A/c Cap.
A/c
To Bal 68,400 ---- 19,200 By Z’s --- 10,200 ----
c/d Cap/
A/c
Total 75,000 70,300 30,000 Total 75,000 70,300 30,000
To X’s 15,840 ---- ----- By Bal 68,400 ---- 19,200
current b/d
A/c
To Bal 52,560 ---- 35,040 By Z’s --- --- 15,840
c/d current
A/c
Total 68,400 ----- 35,040 Total 68,400 ---- 35,040
25 X’s CAPITAL ACCOUNT 5 +1
Particulars ₹ Particulars ₹
To Drawings 60,000 By Balance b/d 3,00,000
To Adv. Expenditure 10,000 By P/L A/c 75,000
To X’s Executors A/c 4,17,500 By P/L Suspense A/c 12,500
By Y’s Capital A/c 80,000
By Z’s Capital A/c 20,000
4,87,500 4,87,500
X’s EXECUTORS A/C
Particulars ₹ Particulars ₹
To Bank A/c 4,17,500 By X’s Capital A/c 4,17,500
4,17,500 4,17,500