2025 Campt

Series : WXYZ/S SET~ 1

iQP. Code 67/S/1:
Roll No.

andidates must write the Q.P. Codei

on the title page of the answer-book.

()
Please check that this question paper contains 39 printed pages.
(II)
fI
Q.P. Code 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 34 questions.

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10.15 feT TTI10.15 10.30 a 7Æ vtreff A47 VGT 3t

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.

ACCOUNTANCY
frufta 44:3 qU2 3fychdH 36 : 80
Time allowed : 3 hours Maximum Marks : 80

87/S/1 *1# P.T.0.

 General Instructions :
Read the following instructions carefully and follow them :
i) This question paper contains 34 questions. All questions are compulsory.
(iü) This question paper is divided into two parts - Part A and Part B.
(üi) Part A is compulsory for all candidates.
(iv) Part B has two options. Candidates have to attempt only one of the given
options.
Option I: Analysis of Financial Statements
Option II: Computerised Accounting
() Questions number 1 to 16 (Part A) and Questions number 27 to 30 (Part B) are
multiple choice questions. Each question carries I mark.
(vi) Questions number 17 to 20 (Part A) and Questions number 31 and 32 (Part B)
are short answer type questions. Each question carries 3 marks.
(vü) Questions number 21 and 22 (Part A) and Question numnber 33 (Part B) are
Long answer type-I questions. Each question carries 4 marks.
(vii) Questions number 23 to 26 (Part A) and Question number 34 (Part B) are Long
answer type-Il questions. Each question carries 6 marks.
(ix) There is no overallchoice. However, an internal choice has been provided in few
questions in each of the parts.
PART A
(Accounting for Partnership Firms and Companies)
1. Kamal, Vimal and Nirmal are partners in a firm sharing profits and
losses in the ratio of 5 : 3: 2. Their fixed capitals were 3,00,000,
2,00,000 and 1,00,000 respectively. Interest on capital was credited to
them @10% p.a. instead of 8% p.a. The Adjustment Entry to rectify the 1
error will be:
Dr. Cr.
Particulars
Amount () Amount (3)
(A) Kamal's Current Alc Dr. 400
To Vimal's Current Alc 200
To Nirmal's Current Alc 200
(B) Kamal's Current Alc Dr. 400
To Nirmal's Current A/c 400
(C) Vimal's Current A/c Dr. 400
To Nirmal's Current Alc 400
(D) Vimal's Current Ae Dr. 200
Nirmal's Current Alc Dr. 200
To Kamal's Current Ale 400

67/S/1 #3 # P.T.0.
 2 There are two statements, Assertion (A) and Reason (R).
Assertion (A): Under the fluctuating capital method, only one
account,
i.e., capital account is maintained for each partner.
Reason (R): All the adjustments such as share of profit and loss,
interest on capital, drawings, interest on drawings, salary
or commission to partners, etc. are recorded directly in the
capital accounts of the partners.
Choose the correct alternative from the following :
(A) Both Assertion (A) and Reason (R) are correct and Reason (R) is
the correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are correct, but Reason (R) is
not the correct explanation of Assertion (A).
(C) Assertion (A) is correct, but Reason (R) is incorrect.
(D) Assertion (A) is incorrect, but Reason (R) is correct.
3. (a) Which of the following statements is true for Reserve Capital' ? 1
(A) It is the portion of the uncalled capital to be called only in
the event of winding up of the company.
(B) It is that part of the authorised capital that is actually
issued to the public for subscription.
(C) It is a part of the subscribed capital which has been called
up to subscribe.
(D) It is that portion of the called up capital which has been
actually received from the shareholders.
OR
(b) On 1 April, 2023, Saya Ltd. issued 7,000, 9% debentures of 100
each at a premium of 10%. The total amount of interest on
debentures for the year ending 31 March, 2024 willbe: 1

(A) Z70,000
(B) Z63,000
(C) I 90,000
(D) 35,000
67/S/1 #5 # P.T.0.
 4. (a) Ali and Bani were partners in a firm. They admitted Chaman as a
new partner with th ghare in the profits of the firm. Chaman
4
brought 5,00,000 as his share of capital. The value of assets of
the firm on Chaman's admission was 20,00,000 and outside
liabilities were 12,00,000. The goodwill of the firm on Chaman's
admission was : 1
(A) { 13,00,000 (B) 20,00,000
(C) 8,00,000 (D) 7,00,000
OR
(b) Mohit and Rohit were partners in a firm sharing profits and losses
in the ratio of 3 : 2. On 15t April, 2024, they admitted Radha for
1
th share in the profits of the firm. Before Radha's admission, the
5
Balance Sheet of Mohit and Rohit showed furniture at 6,30,000.
On admission of Radha, it was found undervalued by 10%. The
journal entry for the above adjustment on Radha's admission will
be: 1
Journal
Account Dr. Amount Cr. Amount
Particulars
No. () ()
(A) Revaluation Alc Dr. 63,000
To Furniture Alc 63,000
(B) Furniture Alc Dr. 70,000
To Revaluation Alc 70,000
(C) Revaluation Alc Dr. 70,000
To Furniture Alc 70,000
(D) Furniture Alc Dr. 63,000
To Revaluation Ac 63,000
5. P and Q are partners in a firm sharing profits and losses equally. They
admitted Rinto the partnership firm on 1 April, 2024. It was decided to
value goodwill at 2 years' purchase of super profits. The capital of the
firm of Pand Q was 5,00,000 and the normal rate of return on capital
employed was 10%. During the year ended 318 March, 2024, the profit of
the firm was 2,10,000. The value of goodwill of the firm was : 1
(A) 7 2,50,000 (B) Z1,40,000
(C) 71,10,000 (D) 3,20,000

67/S/1 #7# P.T.0.

6. Precious Ltd. issued 40,000 10% Debentures of 100 each at a premium
of 5%, redeemable at a premium of 10%. Loss on Issue of Debenture
Account' will be debited in the books of Precious Ltd. by : 1
(A) 5,60,000 (B) 7 2,40,000
(C) 6,00,000 (D) 4,00,000
7. (a) Pawan Ltd. forfeited 1,000 equity shares of 10 per share for
non-payment of first call of 2 per share. The final call of ? 2 per
share was yet to be made. The maximum amount of discount at
which these shares can be reissued will be 1

(A) Z6,000 (B) Z2,000

(C) 74,000 (D) Z8,000
OR
(b) The debentures which are payable on the expiry of a specified
period either in lump sum or in instalments during the lifetime of
the company are knoWn as debentures.
(A) Convertible
(B) Redeemable
(C) Secured
(D) Specific coupon rate
(a) Rima, Seema and Atul were partners in a firm sharing profits and
losses in the ratio of 4:3:1. With effect from 1st April, 2024, they
decided to share profits and losses in the ratio of 3:1:4. Due to
change in the profit sharing ratio, Seema's gain or sacrifice will
be:

(A) Sacrifice (B) Sacrifce

3 2
(C) Gain (D) Gain
8 8

OR
(b) Rohan, Piyush and Suman were partners in a firm sharing profits
and losses in the ratio of 3:2:2. Piyush retired. The new profit
sharing ratio between Rohan and Suman after Piyush's retirement
was 4 :3. The gaining ratio of remaining partners will be : 1

(A) 2:1 (B) 3:2

(C) 4:3 (D) 1:1

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9 Ranjeet and Ranvijay started a partnership firm on 19 April, 2023.
According to the partnership deed, interest on drawings was to be
charged@ 10% per annum. Ranjeet withdrew a fixed amount at the end
of each month. The total yearly interest on Ranjeet's drawings was
{ 6,600. The amount of Ranjeet's drawings for the year ended
1
31s March, 2024 was:
(A) ?1,32,000 (B) 1,44,000
(C) 1,21,846 (D) 1,20,000
10. On the dissolution of the partnership firm of Gauri and Gaurav, Building
appeared in the books at 21,00,000. One-third of the Building was
taken by Gaurav at 20% discount and the remaining was sold at 10% 1
profit. The value at which the Building was taken over by Gaurav was:
(A) 15,40,000 (B) 21,00,000
(C) Z5,60,000 (D) 7,00,000
11. Mathur, Jain and Verma were partners in a firm sharing profits and
losses in the ratio of 3 :2:1. Jain was guaranteed that his share of profit
will not be less than 80,000. The firm's profit for the year ended
31$t March, 2024 was 1,80,000. The amount of deficiency borne by
Verma was :
(A) 15,000 (B) 5,000
(C) 20,000 (D) Nil

12. Parachita Ltd. invited applications for issuing 80,000 equity shares of
100 each at par. The amount was payable as under :
On Application 30 per share
On Allotment 20 per share
On first and final call Balance amount
Applications were received for 2,00,000 equity shares. Allotment was
made to all applicants on pro-rata basis. The amount received at the time
of allotment was :
(A) 16,00,000 (B) 24,00,000
(C) Nil (D) 40,00,000

13. At the time of forfeiture of shares, Share Capital Account will be debited
1
with :
(A) Unpaid amount on forfeited shares
(B) Face value of shares forfeited
(C) Paid up amount on forfeited shares
(D) Called up amount on forfeited shares
67/S/1 #11 # P.T.0.
14. Divya and Saurabh are partners in a firm. On 1 October, 2023, Saurabh
advanced a loan of? 5,00,000 to the firm. There is no partnership deed.
On 31* March, 2024, Saurabh was entitled to get the following amount
as interest on loan 1
(A) 25,000 (B) 30,000
(C) 7 15,000 D) Nil

15. Manav and Adi were partners in a firm sharing profits and losses in the
ratio of 5:3. Roy was admitted with th
5
share in the profits of the firm.
At the time of Roy's admission, Workmen's Compensation Reserve
appeared in the Balance Sheet of the firm at 4,00,000. The claim on
account of workmen's compensation was determined at 4,40,000. The
excess amount of claim over the reserve will be debited to : 1
(A) Realisation Account
(B) Revaluation Account
(C) Roy's Capital Account
(D) Bank Account
16. (a) A, B and C were partners in a firm sharing profits and losses in
the ratio of 3: 2: 1. On 1 April, 2024, D was admitted as a
partner in the firm. The new profit sharing ratio was 2:2:1:1.
The sacrificed share of Awas:
(A) (B) Nil
6

(C) 3 th (D) 2 th
6 6
OR
(b) Anya and Sanya were partners in a firm sharing profits and losses
in the ratio of 5:2. They admitted Vanya as a new partner for 3 th 7
share in the profits of the firm. She acquired 27 th share from Anya
and th share from Sanya. The new profit sharing ratio of Anya,
7
Sanya and Vanya will be: 1

(A) 1:3:3 (B) 5:2:3

(C) 3:1:3 (D) 5:2:1

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17. Pass necessary journal entries for the following transactions on the
dissolution of the partnership firm of Banu, Bansal and Bimal after
various Assets (other than cash) and external liabilities have been
transferred to Realisation Account: 3
(i) The firm had a balance of 4,80,000 in General Reserve on the
date of dissolution.
(ii) Banu had given a loan of 80,000 to the firm which was fully
settled at ? 78,000.
(iii) Realisation expenses of 2 17,000were paid by Bansal.
18. (a) From the following information, caleulate the value of goodwill of
the firm : 3
(i) On the basis of capitalisation of super profits, and
(ii) On the basis of capitalisation of average profits.
Average profit for the last four years - 20,00,000
Capital Employed - 25,00,000
Normal Rate of Return - 20%
Net Assets of the business - 25,00,000
OR
(b) A, B and C were partners in a firm sharing profits and losses in the
ratio of 2:3:1. Goodwill appeared in their books at 3,00,000.
B retired from the firm on 18t April, 2024. On that date, the
goodwill of the firm was valued at 5,40,000.
Pass the necessary Journal entries in the books of the firm for the
treatment of goodwill on B's retirement. 3

19. (a) Aman Ltd. took over the assets of 15,00,000 and liabilities of
? 17,00,000 of Kamini Ltd. for a purchase consideration of
30,00,000. Aman Ltd. paid 40% of the purchase consideration by
cheque and the balance amount by issue of fully paid equity shares
of? 100 each at a premium of 50% in favour of Kamini Ltd.
Pass necessary journal entries for the above transactions in the
books of Aman Ltd. 3

OR

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 (b) Astha Ltd. took over assets of 20,00,000 and took over liabilities
of 1,00,000 of Nabha Ltd. for a purchase consideration of
? l8,00,000. Astha Ltd. paid half of the amount of purchase
consideration through a bank draft and the balance amount was
settled by issuing 12% Debentures of 100 each at a discount of
10% in favour of Nabha Ltd.
Pass necessary journal entries for the above transactions in the
books of Astha Ltd. 3

20. Lalit, Madhur and Neel were partners in a firm sharing profits and losses
in the ratio of 2 : 2: 1. Neel retired and his capital after making the
necessary adjustments on account of reserves and revaluation of assets
and liabilities was 10,00,000. Lalit and Madhur agreed to pay Neel
Z22,00,000 in full settlement of his claim.
Pass necessary journal entries for the treatment of goodwill and making
final payment to Neel. 3

21. Pass necessary journal entries for the issue of 11% Debentures in the
books of Arpita Ltd. in the following cases: 4
(i) Issued 2,000, 11% Debentures of ? 100 each at a premium of 10%,
redeemable at a premium of 5%.
(ii) Issued 5,000, 11% Debentures of ? 100 each at a discount of 10%,
redeemable at a premium of 5%.
22. Adayant, Shifa and Rohan were partners in a firm sharing profits and
losses in the ratio of 2:1:2. Their Balance Sheet as at 31st March, 2024
stood as follows :
Balance Sheet of Adayant, Shifa and Rohan as at 319t March, 2024
Amount Amount
Liabilities Assets
(3) (3)
Capitals : Building 4,10,000
Adayant 4,00,000 Investments 1,32,500
Shifa 1,20,000 Stock 17,500
Rohan 1,80,000 7,00,000 Debtors 63,000
General Reserve 1,20,000 Cash at Bank 1,37,000
Bills Payable 1,40,000 Cash at Hand 3,20,000
Creditors 1,20,000
10,80,000 10,80,000
67/S/1 # 17 # P.T.0.
 Shifa died on 30th June, 2024. As per the partnership deed, the executors
of Shifa were entitled to:
(i) Amount standing to the credit of her capital account.
(ii) Interest on capital which was 5,750.
(iii) Her share of goodwillwhich was 42,000.
(iv) Her share in the profits of the firm from the date of the last
3 Balance Sheet up to the date of death which amounted to ? 76,250.
(v) Shifa's executors were paid half of the payable amount
immediately and the balance amount was to be paid in two equal
yearly instalments along with interest 8% p.a.
Pass necessary journal entries for the above transactions on Shifa's
death. 4

23. (a) Hira Ltd. invited applications for issuing 1,00,000 equity shares of
10each at 10% premium. The amount was payable as follows :
On Application - 3 per share
On Allotment- 3 per share (including premium)
On first and final call Balance amount
Applications were received for 1,40,000 shares and shares were
allotted on a pro-rata basis to all the applicants. The excess money
received on application was adjusted towards sums due on
allotment. All the shareholders paid the allotment money due
except one shareholder who was allotted 1,000 shares. These
shares were forfeited immediately. All these shares were reissued
to Shashi as 5 paid up for 4 per share. First and final call has
not been made.
Pass necessary journal entries in the books of Hira Ltd. Open
Calls-in-Arrears Account wherever required. 6

OR
(b) Pass necessary journal entries for forfeiture and reissue of shares
in the following cases : 6

(i) Krisha Ltd. forfeited 1,000 shares of 10 each, fully

called-up on which only4,000 had been received. 500 of the
forfeited shares were reissued for 8 per share fully paid-up.
(ii) xYZ Ltd. forfeited 20,000 shares of 10 each issued at a
premium of ? 1 per share, for non-payment of second and
final call of ? 2 per share. 70% of these shares were reissued
at ? 7 per share fully paid-up.

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24. (a) Sia, Manav and Ajay were partners in a firm sharing profits and
losses in the ratio of 2:2 :1. On 318t March, 2024, their Balance
Sheet was as follows:
Balance Sheet of Sia, Manav and Ajay as at
318t March, 2024
Amount Amount
Liabilities Assets
(3) (2)
Creditors 4,00,000 Land and Building 8,50,000
Bank Overdraft 3,00,000 Machinery 6,00,000
Capitals : Investments 2,00,000
Sia 9,00,000 Stock 6,00,000
Manav 8,00,000 Debtors 3,00,000
Ajay 2,00,000 19,00,000 Bank 1,00,000
Employee's Provident Profit and Loss
Fund 2,00,000 Account 1,50,000
28,00,000 28,00,000

On 31st March, 2024, Manav retired from the firm and the
remaining partners decided to carry on the business. The assets
and liabilities were revalued which resulted into a gain of
7 1,20,000 because of the increase in the value of Land and
Building by the same amount.
(i) 40% of Land and Building were taken by retiring partner at
revalued value.

(ii) Goodwill of the firm be valued at 4,00,000. Sia and Ajay

decided to share future profits and losses in theratio of3 :2.
(iiü) The total capital of the new firm will be 20,00,000 which
will be in proportion of the new profit sharing ratio of Sia
and Ajay. For this, necessary cash was brought in or was
paid off to the partners, as the case may be.
Prepare Partners' Capital Accounts. 6

OR

87/S/1 # 21 # P.T.0.
 (b) Karan and Arjun were partners in a firm sharing profits and losses
in the ratio of 3:2.On 31st March, 2024, their Balance Sheet was
as follows:
Balance Sheet of Karan and Arjun as at 31StMarch, 2024
Amount Amount
Liabilities Assets
() (3)
Capitals : Machinery 4,00,000
Karan 5,00,000
Furniture 2,00,000
Arjun 5,00,000 10,00,000
General Reserve 1,50,000 Debtors 4,00,000
Workmen's Less: Provision for
Compensation 1,50,000
Doubtful Debts 50,000
3,50,000
Fund
Stock 1,50,000
Cash 2,00,000
13,00,000 13,00,000
On 1st April, 2024, Nakul was admitted into the partnership for
4
t share in the profits of the firm on the following terms :
(i) Nakul brought 4,00,000 as his capital and his share of
goodwill premium in cash. Goodwill of the firm was valued
at 2,00,000.
(ii) Furniture was valued at ? 2,50,000.
(iii) A provision for doubtful debts @ 10% is to be maintained on
debtors.
(iv) The liability against Workmen's Compensation Fund was
estimated at 1,20,000.
(v) After the above adjustments, the capitals of Karan and
Arjun were to be adjusted taking Nakul's capital as the base.
Excess or shortage in the capital accounts of Karan and
Arjun was to be adjusted by opening current accounts.
Prepare Revaluation Account and Partners' Capital Accounts. 6

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25.
Jai and Kavi were partners in a firm sharing profits and losses equally.
They agreed to dissolve the frm on 31st March, 2024. Their Balance
Sheet as on 318t March, 2024 was as follows:

Balance Sheet of Jai and Kavi as at 31s March, 2024

Amount Amount
Liabilities Assets
() ()
Bills Payable 2,00,000 Cash in Hand 2,00,000
Loan by Kavi 2,00,000 Cash at Bank 4,00,000
General Reserve 4,00,000 Debtors 3,40,00
Less: Provision for
Doubtful
Debts 40,000 3,00,000
Profit and Loss Alc 4,00,000
Loan by Mrs. Kavi 1,50,000 Land and Building 6,00,000
Capitals : Machinery 5,00,000
Jai 5,00,000 Goodwill 3,50,000
Kavi 5,00,000 10,00,000

23,50,000 23,50,000
The following transaction took place at the time of dissolution:
(i) Land and Building realised 4,50,000.

(ii) Jai took Machinery at 4,50,000.

(iii) Bills Payable were paid 1,96,000 in full settlement.

(iv) Debtors realised at 2,70,000.

(v) Firm had to pay 5,000 for Outstanding Salary which was not
provided earlier.

(vi) Realisation expenses were 19,000.

Prepare Realisation Account. 6

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26. Nisha Ltd. was registered with g cenital of 6.00,000 in shares of ? 100
each. lt issued 4,000 shares. The amount was payable as tollows :
On Application -30 per share
On Allotment- 30 per share
On First and Final Call - Balance
The issue was fully subscribed and all amounts payable on application
and allotment were duly received. Amit, a shareholder, failed to pay first
and final call of 40 per share on his 200 shares. 6

Answer the following questions :

(i)
The Authorised capital of Nisha Ltd. shown in Notes to Accounts'
will be :
(A) 6,00,000 (B) 4,00,000
(C) 6,00,00,000 (D) 3,60,000
(iü) The Issued capital of Nisha Ltd. shown in Notes to Accounts' will
be:
(A) Z3,60,000 (B) 76,00,000
(C) {4,00,000 (D) 3,92,000
(iüü) 'Subscribed and not fully paid up capital shown in Notes to
Accounts' will be:
(A) 3,92,000 (B) 7 20,000
(C) Z3,80,000 (D) 12,000
(iv) "Subseribed and fully paid capital' of Nisha ILtd. shown in Notes to
Accounts' will be:
(A) 2 20,000 (B) 3,80,000
(C) 12,000 (D) 3,92,000
(v) Calls in arrears of Nisha Ltd. will be :
(A) 12,000 (B) 20,000
8,000 (D) Nil
(C)
(vi) The amount of Share Capital' shown under 'Shareholders' Funds'
be :
in the Balance Sheet of Nisha Ltd. will
(A) 3,92,000 (B) 3,80,000
4,00,000 (D) Z6,00,000
(C)
87/S/1 # 27 # PT.O.
 PART B
Option -I
(Analysis of Financial Statements)
27. (a) From the following, identify the incorrect statement related to 1
'Analysis of Financial Statements'.
(A) inancial statement analysis is used only by the creditors.
(B) Financial statement analysis does not take price level
changes into consideration.
(C) Financial statement analysis ignores non-monetary aspects.
(D) Financial statement analysis helps to identify the reasons
for change in profitability and financial position of the firm.
OR
(b) Choose the correct equation with respect to capital employed from
the following :
(A) Capital Employed = Shareholders' funds -
Non-current Liabilities
(B) Capital Employed = Non-current assets +
Net working capital
(C) Capital Employed = Non-current assets -
Net working capital
(D) Capital Employed =Share capital +Reserves and Surplus +
Current Liabilities
28. will decrease Debt-Equity Ratio and will not change Current
Ratio.
(A) Issue of equity shares for cash
(B) Issue of preference shares for cash
(C) Redemption of debentures
(D) Issue of shares for purchase of land and building
29. Statementl: Purchase of goodwill is classified as investing activity in
case of all types of enterprises.
Statement II :Payment of interest is classified as financing activity in
case of all types of enterprises. 1

Choose the correct option from the following :

(A) Both statement I and statement II are true.
(B) Both statement I and statement II are false.
(C) Statement I is false and statement II is true,
(D) Statement I is true and statement II is false.

67/S/1 #29 # P.T.0.

 (a)
30. Manish Ltd. had balance in Provision for Taxation Account of
< 9,00,000 and 12.00.000 2s on 31st March, 2023 and 2024
respectively. Provision for tax made during the year was
R6,00,000. The amount of tax paid during the year was :
(A) 12,00,000
B) 9,00,000
(C) Z6,00,000
(D) {3,00,000
OR
(b) Acquisition of machinery by issue of equity shares of 30,00,000
will result in:
(A) Cash inflow from investing activities30,00,000
(B) Cash outflow from investing activities 30,00,000
(C) Cash outflow from financing activities 30,00,000
(D) No flow of cash

31. Name the major heads and sub-heads (if any) under which the following
items will be shown in the Balance Sheet of a company as per
Schedule III, Part Iof the Companies Act, 2013 :
(i) Accrued Income
(ii) Work-in-progress
(iii) Capital Advances

32. From the following information, prepare a Comparative Statement of

Profit and Loss for the year ended 31s March, 2023 and 2024: 3

Note 2023 - 24 2022 - 23

Particulars No. () (7)

Revenue from operations 50,00,000 40,00,000

Employee benefit expenses 7,50,000 5,00,000

Other expenses 27,50,000 20,00,000

Tax Rate 50%

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67/S/1
33. (a) Galculate Current Assets and Ouick Assets of a company from the
following information : 4

Quick Ratio = 0-70: 1

Inventory Turnover Ratio =5 times
Inventory at the end was # 20.000 more than inventory in the
beginning
Gross Profit =75,000
Current Liabilities = 80,000
Revenue from Operations = 4,00,000
OR
Calculate 'Return on Investment' from the following information : 4
(b)
Net profit after interest and tax ? 6,00,000
10% Debentures 20,00,000
Capital employed 50,00,000
Tax rate 40%

34. Calculate Cash Flows from Operating and Investing Activities on the
at
basis of the information given in the Balance Sheet of Pari Ltd. as 6
31st March, 2024.
Balance Sheet of Pari Ltd. as at 31st March, 2024
Note 31.03.2024 31.03.2023
Particulars No. () ()

I- Equity and Liabilities :

1. Shareholders' Funds
10,00,000 5,00,000
(a) Share Capital
Reserves and Surplus 1 5,00,000 3,00,000
(b)
2. Non-Current Liabilities

Long-term Borrowings 2 4,00,000 4,00,000

3. Current Liabilities

Short-term Borrowings 1,00,000

(a)
(b) Short-term Provisions 4 1,00,000 50,000
Total 20,00,000 13,50,000

#33 # P.T.0.
67/S/1
 Note 31.03.2024 31.03.2023
Particulars
No. () (R)
II Assets

1. Non-Current Assets
(a) Property, Plant and
Equipment and Intangible
Assets 7,00,000 3,00,000
(b) Non-Current Investments 4,00,000 1,00,000
2. Current Assets
(a) Inventories 2,00,000 2,50,000
(b) Trade Receivables 3,00,000 4,00,000
(c) Cash and Cash Equivalents 4,00,000 3,00,000
Total 20,00,000 13,50,000

Notes to Accounts:

Note 31.03.2024 31.03.2023

No.
Particulars () ()
1 Reserves and Surplus
General Reserve 2,00,000 1,50,000
Surplus i.e. Balance in Statement
of Profit and Loss 3,00,000 1,50,000
5,00,000 3,00,000
2 Long-term Borrowings
10% Debentures 4,00,000 4,00,000
3. Short-term Borrowings
Bank Overdraft 1,00,000
4. Short-term Provisions
Provision for Taxation 1,00,000 50,000

67/S/1 #35 # P.T.0.

 PART B
Option -I
(Computerised Accounting)
27. (a)
Wnat is the outcome of an arithmetic expression or function
called ? 1
(A) Horizontal vector (B) Derived value
(C) Basic value (D) Vertical vector
OR
(b) How are absolute cell reference' and mixed cell reference'
identified in Excel?
(A) Using # sign (B) Using - ign
(C) Using $ sign (D) Using £ sign
28. How many categories of function are available in Excel 2007 ?
(A) 2 (B) 6
(C) 12 (D) 7

29. (a) What is the result for the following function based on the data
provided ?
A B
2 4-23 Mango
3 4-62 Orange
4 5-86 Banana
5 7-94 Pear
- LOOKUP(8,A2:A5,B2:B5)
- LOOKUP(3-5,A2:A5,B2:B5)
(A) Pear, #NIA (B) Pear, Mango
(C) #N/A, Mango (D) #N/A, #NIA
OR
(b) What is used to build single formula with multiple results in
Excel ?
(A) Derived value (B) Vectors
(C) Round() (D) Array

67/S/1 # 37 #
P.T.0.
 30 Identify the error which will be displaved on screen when the
set or
co-ordinates that a cell occupies on a worksheet is invalid. 1
(A) Correct a # NAME ? Error
(B) Correct # REF ! Error
(C) Correcta # NIA Error
(D) Correct a ##### Error

31. Bxplain cell reference', 'relative cell reference' and absolute cell
reference'. 3

32. Explain the following :

(i) Contra voucher
(ii) Post-dated voucher
(iii) Receipt voucher

33. (a) Explain 'customised' and 'tailored' accounting softwares. 4

OR
(b) What is meant by data validation' ? What is facilitated by Error
Alert tab' ? 4

34. Which error occurs when a column is not wide enough or a negative date
or time is used ? How can this error be corrected, if:
1+22;=6
i) Error is due to the width of the column ?
(ii) Date and time are negative numbers ?

67/S/1 # 39 #