ss ws ee & oh UD BE at 67/5/3 oll No. PIA oiled RR oF Fe 57 HEAT 7 ABT TS 31 B | PUN ATA BU FF $A MEA-TA HF 34 TEA B | RTF HERI BTL AY IC RQ Te HAH ASB) HITE THIET F HTT TS | BURT NET BT TAC TAT IR BB EC, TMT HT HT HTS APT LVS | a yeq—ua P96? & fore 15 eve wr are Pear Tar B | ea 1 Pe Ta 10.15 ah Fear HET | 10.15 WH A 10.30 a a TORT seat HAT HT TG ite er STARE HH BerF FTA GAEIT TIE TR AT PG? e Please check that this question paper ecftuins 31 printed pages. Sy} lo. check that this question papereontains 34 questions. x ogee. Code given on the right side of the question paper aboisle be KM written on the title page of wer-book by the candidate. > Please write down the number of the question in théanswer-book before attempting it. Se ¢ 15 minute time has been allotted to read this question paper. The question paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the candidates will read the question paper only and will not write any answer | on the answer-book during this period. Pratt wre: 3 7! Time allowed ; 3 hours /Q5Q@PS Page 1 of 32 PTO. 67/5/;eo ¥ Ss we Wr part-a we (Accounting for Partnership Firms and Companies) 1. (a) Ridhima and Kavita were partners sharing profits and losses in the ratio of 3 : 2. Their fixed capitals were % 1,50,000 and % 2,00,000 respectively, The partnership deed provides for interest on capital @ 8% p.a. The net profit of the firm for the year ended 31 March, 2023 amounted to % 21,000. The amount of interest on capital credited to the capital accounts of Ridhima and Kavita will be : —(A) % 12,000 and % 16,000 respectively. (B) 710,500 and % 10,500 respectively. (©) 9,000 and ¥ 12,000 respectively. (D) % 16,000 and & 5,000 respectively. 1 OR (b) Ruchika and Harshita were partners in a firm. Ruchika had withdrawn % 9,000 at the end of each quarter, throughout the year. ‘The interest to be charged on Ruchika’s drawings at 6% p.a. will be : (a) %540 @®) %2,160 (©) % 1,080 @) 7810 2. Asse: (A) : Securities Premium cnet be utilized for writing off loge dy sale of a fixed asset. — Co on (R)>: Securities Premiu ae in the Compani roore the correct option fro: & (A) Both Assertion (A) ason (R) are true, but Renn is not the correct reason of Assertion (A). (B) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct reason of Assertion (A). (C) Both Assertion (A) and Reason (R) are false. (D) Assertion (A) is false, but Reason (R) is true. 1 3. Kewal Ltd. purchased sundry assets from Ganpati Ltd. for % 28,80,000. ‘The amount was paid by issuing fully paid shares of ¥ 100 each issued at a premium of 10%. The number of shares issued to Ganpati Ltd. were : (A) 28,000 @®) 31,778 (C) 28,600 4D) 26,000 z "4, (a) Aaray Ltd. issued 10,000, 9% debentures of % 100 each at a premium ‘of 5%, redeemable at a premium of 10%. Loss on issue of debentures 1 . be applied only for the pugposes t, 2013. Ss account will be debited by : (A) % 10,00,000 @®) 2 1,00,000 LD ©1,50,000 @) 7 1,05,000 a OR -x 6 & & & YP) Dove Ltd, issued 008, 11% debentures of % 100 cae premium of 5%. The total amoiint of interest on Debentures for ohe year will be : (A) % 80,000 (B) 92,400 (C) % 88,000 (D) 7880 1 Read the following hypothetical situation and answer question numbers | 5 and 6: SH | Keshav and Hitesh are partners sharing profits and losses in the ratio of 8 : 2. On 31* March, 2023 after division of profit of % 16,000, their capitals were % 55,000 and © 45,000 respectively. During the year | Keshav’s drawings were € 1,500 at the beginning of each quarter and | Hitesh withdrew € 9,000 on 1* November, 2022. ‘After the final accounts have been prepared, it was discovered that interest on capital @ 5% p.a. and interest on drawings @ 8% p.a. have not? been taken into consideration. = 5, Opening capital of Keshav was : (A) % 35,000 - (B)_ © 39,000 (© 48,000 % 52,000 6. Ambit of interest to be charged oS Rites drawings will be Il bec? - 7225

S é s 2 fa) ee ee and Chayiwere in partnership sharing phe, . ! losses in the ratio of + 1, On 31* March, en y Sheet was as follows : ae hk “aa NS Balance Sheet of Arnav, Bhavi and Chavi as at 31 March, 2023 Liabilities oe FAssete ‘Amount | Capitals : Plant & Machinery ae ‘000 Arnay 1,80,000 Furniture 20,000 Bhavi 1,60,000 Debtors 3,50,000 Chavi 1,00,000 | 4,40,000 | Less : Provision for doubt- Creditors 2,50,000 ful debts 20,000 | 3,30,000 Cash in hand 10,000 Profit and Loss Account 30,000 6,90,000 6,90,000 Chavi retired on the above date. It was agreed that : (i) Plant and Machinery be valued at € 4,30,000. (i) The existing Provision for Bad Debts was to be increased by 50%. (iii). Chavi's share of Goodwill was valued at ¢ 80,000 and the same was to be treated without opening goodwill account. (iv) total amount to be paid to i was brought in by Arnav 'd Bhavi in such a way as to make their capitals in proportion 4 "to their new profit sharing x A i Parner Capital Accounts. & 6 y SY et Divya and Ekta were parthers in a firm sharing profits indie ratio of Y 3: 1, On 31# March, 2093 they admitted Sona as a newpartner for T/z* share in the profits of the firm. Their Balance Sheet on that date was as follows : < Balance Sheet of. Divya and Ekta as at 31% March, 2023 Amount Amount Liabilities @) Assets © Capitals : Land and Building 5,00,000 Divya 10,00,000 Machinery 6,00,000 Ekta _7,00,000 | 17,00,000 | Stock 1,50,000 General Reserve 8,20,000 | Debtors 4,00,000 Creditors 5,40,000 | Less : Provision for doubtful debts 30.000) 3,70,000 Investments 5,00,000 Cash |_ 4,40,000 __| 25,60,000 Page 17 of 32. P.T.O. & & WOTurnover Ratio :Fro: & th i ae ona Staufniont of Profit and Loss of etided Bis Mees Sore atement of Profit and Loss Shikha Ltd. State : ment of Profit & Loss for the year ended 31* March, 2023 Particulars 20228 ae @), Revenue from operations 32,00,000 Expenses ; Employee benefit expenses 9,60,000 Other expenses 6,40,000 Rate of Tax is 50%, . OR (b) From the following information prepare a Common Size State Profit and Loss of A Ltd. and B Ltd. for the year ended 2023: Particulars from operations (®) ang m the following Balan: et of Yogi from Investing Activities’ and ‘Cash flows Show your working properly. a Yogita Ltd. Balance Sheet as at 31st and Liabilities : etarciolders Funds (a) Share Capital ) Reserves and Surplus "Non-Current Liabilities ‘Long term borrowings Current Liabilities (a) Short term borrowings - + | (b) Trade payablesoe 2 Ss Assets = o> (@) Non-Current Assets (a) pie Assets (Property, and equipment and intangible assets) @® Tangible Assets (Property, plant and equipment) Current Assets (a) Inventories } (b) Trade Receivables (©) Cash & Cash equivalents vy | 2) oy Yr. 7,00,000 4,00,000 1,70,000 1,00,000 1,00,000 50,000 50,000 Total Notes to Accounts : 9,70,000 6,00,000 | Note Ss < Particulars 31-3-2023 z 31-3-2022 = & No. pooes and Surplus jalance in statement of General Reserve & NO Long term fae 10% Bank Loan Koo Short term borrowings Bank Overdraft Short term provisions Provision for tax Tangible Assets (Property, plant & equipment) Plant and Machinery Less : Accumulated depreciation aoe Information : Gi) ae oa was repaid on ebpril, 2022, as charged as depreciation on P! a 3 vier costing ~ 60,000 Beh value % 45,000) was spl for ES 1,50,000, Rig 80,000 50. oo 20,000 2,0 1,00,000 > 5 1,50,000 1,50,000 | 2,20,000_ 2,20,000 1,00,000 1,00,000 50,000 50,000 30,000 7,90,000 (90,000) 7,00,000 70,000 _|_ 0,000) _| 4,00,000 lant and Machinery, A_ How ca HD’ = gi, Ho oS TV/0! error be corrected, eS — ee Re es various ‘Data tables’ gel ‘Pivot Table. & : i > 33. (a) List the poi > a | ‘€ points of nomenclature used in Excel for charts/graphs. OR ) Explain the steps to define ‘Print area’ using Dialog box. : a ; [aw see | 5 aes Oe From the given VLOOKUP’ syntax find out the error and its reason ming the worksheet. (@) = VLOOKUP (B5, C3 : F10, 2, 0) (i) = SQRT (VLOOKUP (B3, B3 : F10, 2, 0) - 100) Gi) = VLOOKUP (B2, B3 : F10, 6, 0) “ Gy) = VLOOKUP (B3, B3 : B10, 2, 0) (vy) = VLOOKUP (B6, B3: F10, 0, 0) (vi) = VLOOKUP (B86, B3: F10, 2, 0)/0 15/3/22/Q5QPS Ss Page 31 of 82 go Ss aS oO Y ~~