3050

111111111111111111111111111111

March 2013 (for Scheme I & Scheme II Candidate?J

Second Year Higher Secondary Examination Part- Ill ACCOUNTANCY WITH COMPUTERIZED ACCOUNTING Maximum : 60 Scores Time : 2 Hours Cool off time: 15 Minutes Genera/Instructions to Candidates : • There is a 'cool off time' of 15 minutes in addition to the writing time of 2 hrs. • You are not allowed to write your answers nor to discuss anything with others during the 'cool off time'. • Use the 'cool off time' to get familiar with questions and to plan your answers. • Read questions carefully before answering. • All questions are compulsory and only internal choice is allowed. • When you select a question, all the sub-questions must be answered from the same question itself. • Calculations, figures and graphs should be shown in the answer sheet itself. • Malayalam version of the questions is also provided. • Give equations wherever necessary. • Electronic devices except non programmable calculators are not allowed in the Examination Hall.

m1 iOClli3CIIhSlffi 00 : •

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-1-

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PART -I Accounting

1. X, Y, Z

ng)rffi10JiO 63ffiJ, mlD8o.Jm(0'(0)]6JeJ n..J8iOS6miOm8ro86'1'1). 'B' o.mrrn OJjc005)16JW mlD o oJ m (!5'(0)1 ~ eJ cOO' o.JJ, cm1 w oJ 8 iO s 6ffi iO ((j@ cn)l ln..J ~OJ CJ?J1 ~ c006ffi6) Q) ffi:,1 m1l

1. X, Y and Z are partners in a firm. If 'B' is to be admitted as a new partner. a) Old partnership has to be dissolved.

a) o.J':PW "o.J8iOs6miOnS:J1c;tf' cu5l~cm8cibru 6) _QJ Cill6ffi 0 b) o.J':PCQJ "ml.Doo.Jmo" ru5l~cm8cfbOJU 6) _QJ Cill6ffi 0 c) oJ ':P cw oJ 8 (0 su6ffi (0 nS:{l c;tl6 0 mlO J oJ mOJJ,o cu5lC2cmJcmOJU 6J_QJ~6ffio. d) o.JJiOs6miOn3:J1cgc;tjo mlDJo.J me2m8 cuSlcgcmocibru 6J..2JC8~6n5 ffi'©OJCJ?Jj

b) Old firm has to be dissolved. c) Both old firm and partnership have to be dissolved. d) Neither firm nor partnership need to be dissolved.

Maximum : 40 Scores

(1 Score)

2. Fill up the empty boxes with correct answers: (2 Scores)

aSl~.

2.

(1 Score)

CJ?Jffi1CQJ8CQJ ~(0'0)CD60Bcfb ~o.J~CQJJ~ 63':916®0) (gmJJ~cfucfb o.J~ffi1~d%16cfu :

(2 Scores) Transactions

Account to be debited

For increase in the value of assets For decrease in the value of liability

Account to be credited Revaluation a/c.

Liability a/c.

For recording unrecorded asset

Revaluation a/c.

For transfering loss on revaluation

Revaluation a/c.

3. The amount due to the retiring partner may be transferred to a Loan Account in his name to be gradually paid off with interest. In this connection give journal entries i) for transfer to Loan A/c. ii) for interest iii) for payment of instalment. (2Scores)

3.

oJ1ffi1mJ,C8o.JJcm6cm o.J8i0s6ffiffic&6)' 6) cfu J s 6~ d%1 6115 (l5)6cfu ®() ~ <3 o.D (!5'(0)16> CVs cg oJ ro1 eJ 6§.§. cg eJ 8 6lfO ®Cl cOO'D 6'f"@1 cg eJ cB-6) ffi086cfuW6o lcfuC8CLl6ffi o.Je.flCJ?JC8CQJ8SJ,cfu4S1 m5lro16Jcfu mc&lcmJ,cfuWJ,o 6J_QJ~Jo. ~®6 m8 cn)l 6\lJ ffiD 6lc;tj g (IDJ 6J':Pc;tj ow6em OJ ~r C8gQi06m~
iii) cm6cfu

~cm~ocib6J m~

m~cfu6cmm5lm.

3050

-2-

ffi'@)cn!l (2 Scores)

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4. Discount allowed on re-issue of forfeited shares is debited to a) discount on issue of shares a/c b) forfeited shares a/c c) profit and loss a/c d) share premium a/c (1 Score)

4. Cllo..OOroo..O"lfr 6J...o_j~ 6l~CW02,cfucf6 o"l gJ2 ~£ 6J...o_j Clli6 cg mJ 0 cJ6 CIDO ffi2, OJ 81 c002, (ffi M1 cruucfu "() 6f@u o.ffi ®u CIDO cOO"() 6fr51 cg eJ cOOU

R6).D__j ~0

? a) discount on issue of shares ale b) forfeited shares a/c c) profit and loss ale

M612Jl

d) share premium a/c.

5. Debentures represent a) the investment of equity shareholders b) directors share in a business c) long term liabilities of a business d) owners of the business. (1 Score) 6. Debentures which cannot be transferred by mere delivery are called _ _ __ a) registered debentures b) naked debentures c) mortgage debentures d) convertible debentures. (1 Score) 7. Arya and Meera are partners. They do not have any partnership agreement. What should be done in the following cases ?

5.

cB:> sill l®6m3 cJ6 o.m mD16l m cru~_ill] ~

c002,Cffi6 ? a) gJ2c:B:>~R1 6l~
C) 6YlJlm51mcpJ16l~ B1ron.e.Jc:B:>Oe.J 6JlJOWj ®cfucf6

d) 612Jlm5lmcw6l~ ~smrruo&. (1 Score)

6. ''m1cw& Mellruo1"6lc:B:>06n56 6l6lc:B:>ffiORo 6J.D__j~pcf0 cruowjffi~ocom c:B:>S
- - - o.(J)ffil6 oJlglc002,Cffi2,.

a) b) c) d)

registered debentures naked debentures mortgage debentures convertible debentures. (1 Score)

7. ar@rllj
®06l\9 m amc:B:>1cWl m1 c002, rrn crum& !5

6m3~1am o.(J)m!lu ®"lrll2,ffi8m615Bcf6 o.ffiS6

c006ffio ?

a) Arya wants to introduce her son Hari into the business. Meera objects to it.

a) ar®rllj ®6l~ mc:B:>cm nnm16lcw 612Jlm51 m cg eJ cOO' 6lc:B:>O 6fr56 OJ modO ar® l(J) nn1c006rrn6. m"lro cmo®16lm o.ffi®1ro cOOJ,CffiJ,.

b) Meera wants that profits should be distributed in the ratio of capitals but Arya wants that it should be distributed equally. Give reasons for your answer. (4 Scores)

b) e.JO@o

W

Q)~e.JWffi(0'(0)16l~

CIDOffiJ,
ar®OJC!1lj6lQ:JS6rrn6. o.mrrnoam, e.JO!So ®J,e.JjffiO CD5] oJ'l ®1 cOO 6ffi 6l Q) (ffiu (1j@ (()J ar@OJ C!1lj6l.

3050

(1 Score)

(4 Scores)

llllllllllllllllllllllllllllll 8. 'Violet' and 'Indigo' are partners

8. "OJ cw eJ 8" , "g)2rrDCW1 cg (!):::> ~~ ntJ)rrnl OJ co

in a firm sharing profits and

6Ylllm5l m~ am oJ a:bogldb~p61Tl. g)20J co e.~o
losses in the ratio of 5 : 3 with

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capital of Rs. 45,000/- and Rs. 35,000/- respectively. They admit 'Blue' as a partner and the new profit sharing ratio becomes 5 : 3 : 2. Blue is asked to contribute proportionate capital.

61~S6cm6.

a) Calculate the amount of

a)

capital to be contributed by

"mY~" 61db06'1")560Jcgrusnscmocw m~8J

wm ®6db db61'!56o.Jls1c&86db.

'Blue'.

b) OJ cw eJ R1 C8 ~ cw6o gQ em cw1 cg (f) o cw6 cgscw6o ~e.~wm ®6cEJJdbcm oJ6®1CQJ e..i:) 15-m o.9::ts oJ Efu6 6) OJ cB-6) am ffiY() m6 oJ :) ® 0 @l) m 6ffi) ru1 .. ((3Y() (U)ug;jl@ 6) _QJ qmdb CQ)60' gl2 ®161 ~ ,,_o eJ rll:JCQJ1 ®6db 61db861'!56 OJro1dbC8CW:J cmk6l61db ntDs6cB-6)6dbC8cwo 6)_QJ C£10 em ciD1 ro6mom -3:J:::>am, OJCWe.JRC8~Cm6o gQcfOru5lcgcrxl cw66) s em6o dbj:::>~ 8 am ffiYClc&6)ra ms6 db g1 am 6) ("(()) o 6) cB-6) ((3Y() cu.)g;jl

b) What adjustments are to be made in the capitals of 'Violet'

8,J

and 'Indigo' if it is agreed that the capitals of Violet and Indigo, as between themselves, are also tote adjusted in profit

nw

sharing ratio by either paying in or withdrawing cash ?

Hint: Calculate the total capital of

?;H

6JQJohc&c.iD 0Jffi6(.!Um: cru.oooJm<"Urm161~ ((j@61cSJ m4e.~u.xn

®6 db db 61'156 oJl s1 cB-6)6 cSJ. ffiYO cm1 m6 cg uo o.91 0 i OJ (Q) eJ gl2 cmcw1 cg (f):)" ntj)rrn1n.Jru661S m~e.JW0) ®6dbWl61eJ db600Ju ffiYCl61§!8:b1am m-rouJlcSJ ®6db

8' ((

the firm. Then find out the shortage or surplus in the capitals of 'Violet' and 'Indigo'.

db6J61'!5<"Urm6db.

(6 Scores)

(6 Scores)

9. 9. Give three distinctions between 'gaining' and 'sacrificing' ratio. (3 Scores)

3050

ii

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6) 6) o.O cru1 0

ffi):Jldb1

(f)u cg 0 cg o.91J:) " ntJ) ('fl)l OJ

cmanSle.~~ ~em 0Jj®j:::>cru60Bcm

ntj)lj>6®6db.

llllllllllllllllllllllllllllll 10.

10.

A and B were partners in a firm of 3: 2 respectively. Ti1ey decided 0.

cmo~o.Jmcorml61e.J

o.J an~ gl cfu§~ 6"l'li'. ~OJ ro 3 : 2 o{j)(ffi affil ffi 6o.J ~ ® (l)®1 am eJ ~ISm~ GOB cJD o.J!Thls6rm6. 201 0 m~ro_gJ 31-~o m)ICQJ@] cmo~o.Jmo ttru5la:cm~ cJDOJ"'' 61.DJ~~cm ®lm6m~ml~. gQ"' ®lm.Jcm1CQJ1am ~OJffi661s OJJ,eJWmo CQJLO~lcfuDJo 1 ,60,000ro~o.JCW6o

sharing profits and losses in the ratio to dissolve the

"Pt CQJJp "8" CQJ2P 63ffi6

on 31st March,

that date, their capitals !000 and

Amount

80,000

m~o.JCQJ6m~6'f'l).

59,200 m~o.J "B"

mlO~o.Jmmm1m mcooce:,~m66'1'B. mlO~o.J

owed by "B"

firm was

Rs. 59,200

was a loan

m0mam ffilrrn6o 'W' 72,000 m~o.J a:~6'ff0

by "A" for Rs. 72,000. Creditors

o{f)S6co®l§161"@. 61(0bru5la:R~ 4,80,000,

were Rs.

sundry assets

®0(11)81cfucm 6,89,600 m"lc001co5lca1<;tJ

Rs. 6,89,600 and cash Rs. 43,200. realised

cm6ce:, 43,2oo m~o.J. tm()(lt)rucfucm oJlam o.Jm ms(l)®1 5,53,600 m~o.J eJ@l-sJl,.

Rs.-5,53,600. Realisation expenses

o1 CQ) 6) 6) eJ a: (It) nS1 em 6) .DJ eJ OJ 6cfu cJD

Sundry

amounted

ass

16,000 m~o.J ®TI;lCQ)I. m6'1'@ o.Jan~~cfu~o tl](lt)~cJDOJ ~@'' @'©616ffim) (lt)ffneJuo.Jl~ 6)cfu~6'l'B, c5JCQ)6)6)eJI](It)nS1ciD amlc9£YD61"@ ' cfuJ~o.Jl Ram affild1uYO 61@6 ce:,cJD' cfuj~n91' affilcOO'DsrrJ nB)mJ1 OJ ®~~O~c006cfu.

Rs. 16,000.

Prepare realisation account, cash account and capital accounts of partners

that both the

partners are so!ven..

(6Scores)

(6 Scores) 11.

®~611961cOO~S6(l)®1ffi1d]£)6mJ LS~ciD(It)~ dhl:J cmcm

f.; de:JeiTture issued repayable at b)

Rs. 95

a) 63ffi6 cfuSCJ:jl®o 95 m~o.Jc:B€) ~nS:l~ 61.DJ~rrn6.1 00 m~o.Jc&6)' ®lm161cfu mamcfu6mJ6. b) 63ffi6 cfuS'/dL®o 95 ffi~o.Jd%') ~nS:l~ 6).DJ~ffi)6· 105 ffi~o.Jc:B€) ®lm161cfu mamcfu6ffi)6· C) 63ffi6 cfuS'/dl®o 100 ffi~o.JcOOu ~nS:l~ 6).DJ~mJ6.1 05 (Q~o.Jd%') @1 ffi161cfu mamcfu6ffi)6·

100

debenture """"!""'-'u at Rs. 95 repayable

(] g!6 ro 6ffi6)6) e.~ cm 6) .DJ ~ce:,.

105

c) A debenture issued at Rs. 100 repayable at Rs. ·1 05

Note: Thefacevaiueofeachdebenture

<8mo§ :

(5 Scores)

63~a:m~ cfuSCJ:jl®(OT15)1a:~CQJ6o

oJleJ 100 m4o.J m®m).

3050

-5-

al66ll

(5 Scores)

111111111111111111111111111111

Evergreen Ltd. invited "'~'""'"'"'+''~,nl" for 25,000 equity sr1ares of Rs. 10 each. The shares were to be issued at a premium of Rs. 2 per share. The amount was payable as follows: Rs.2 allotment Rs. 5 (including premium)

first and final call- Balance application for 40,000 shares were received. Application for 10,000 shares were rejected shares were allotted on pro-rata basis to the remaining applicants. Excess application money was adjusted towards sums due on allotment. All Is were made and the money was duly received. Pass the necessary journal entries in the books of company. (8 Scores) OR Crystals L~d. invited applications for 1 ,00,000 equity st1ares of Rs. 10 each. The amount was payable as follows : On application Rs. 3 and final call

Rs. 4 Rs. 3

Application for 1 ,50,000 shares were received. Allotment was all the applicants on ,..,..,,..,,,,.,...,,"' basis. Aaron to whom were allotted failed U1e allotment money. ares were forfeited '''"""''r.rli~>tniu after allotment necessary OntlrROC in the books of (8 Scores)

i 2. a) omruffil(!)"](ffi eJlOJ1RCWu i Q ffi4o.J f1l662J oJ1eJm>~§ 25,000 g;QcfuJ181 6Jo31m>06 cfu cf6 cfJWU ('GW cg oJ cM::l cM:J6m1-8J6 • 63 (()6 6Jo.9:1m>Olm 2 mJ,w mlmc:OOlam LoJlOJ1m> mo5leJJ6'11) 6Jo.9:1(Q)06cfucf6 [QoS:lj 6)_2_]~ rrn ®. cm J 6J ':? 6J cfuJ s 6(l)f0)1 m1 c£JW6rrn c0l®JCQ51 eJJ6ffi CID6cfucfucf6 mam<2cfu6f@®'. mY() (g oJ cfu5:j ffi) Q) CQ) (l5IO) - (()6oJ 2 ('GW(geJJg'6JOJ~ emOJCQJ(l)fO)u - ffiJ,o.J 5 ( Ln.Jl OJ1cwo ~cf66J~6JS) @'@ BJ<2 (l)fO) m>6o C'GWru emJ m cg (l)f0)®60J J CQ) "cfuJ cf6" em OJ m> (O"((T) - 6YlJJeJ rffim.) CID6cfu

40, 0 00 6)o.9:1 m>O6cfucf6c£JW6§§ C'GWC8o.J cM::l cfu cf6 eJ @l-8J6' 10 '0 0 0 6) o.9:1 CQ) 06 cfucf6c£JW~ C'GW<2o.JcM:Jcfucf6 mlmm5l-8J6. 6YlJ J c£JW1 w 6§§ ('GW cg w cM::l cfu ro cfr6f

'<2LwJ-<20RJ" c0l®lcn51am 6Jo.9:1m>06cfucf6 ('GW(geJJ§u 6)_2_]~6, C'GWUJ1cfuOJ6~§ ('GW(g oJ cM::l ®6cfu' ('GW(g eJ Jg'6JOJ ~ (ID6cfu cfu1§Jffi6§§CID1am ffi'(()(Wug)il~u 6)_2_]~6· om §;!P "cfuJ §6cfu§6 o" ms (l)f0)6 cfum>6o cm6cfu cfu cf6 cfuo) cm j OJ J CQSl em] cfu m1 c£JW6 cfum>6o 6J..2J ~6· cfuffiJ m1 W66JS 6YlJ6c£JW1 am cg g)il ro 6ffi am om rro Ls1 cfucf6

cm~JoJc£JW6cfu.

(8 Scores)

1am

Clrl?)6) ~ ab

b) lcfu1~amm) eflOJ1RruJ 10 m4w f1l662J oJ1eJm>6§§ 1,00,000 g:Qcfu£81 6Jo.9:1(Q) 06cfucf6c£JW6§§ ('GW(go.JcM:J cM:J6ffi1-8J6, (IDJ6)':? ~ow6rrn ~ ®J W1 am cm6cfucfucf6 C'GWS cg c£JW 6f@ CIDJ 6ffi . mY()(] CLJ cfu9::l ffi) Q) CQ.J (l5IO) - 3 (()6o.J ffi'IOOeJ$~ ffi)Q}(Q)0175) - 4 ffi6o.J

m®Bj cg corm @Jp mY() OJ C~Uomcg ' Lcfu:)

corm ®6D:l:JCQ)

cfO ll ffi) Q} CQ) (l5IO)

-

3 ffi6o.J

1 ,50,000 6Jo.9:1m>06cfucf6c£JW6~ C'GWClo.J cM::l cfu cf6 eJ @l-8J6, om~ 8 ('GW cg oJ cM::l

cfu ro c£JW6o "(] lw J- <2 oR J" m"' ®1 cWl m7> ('GW(geJJ§6lOJ~ msm. 400 6Jo.9:1m>06 cfu cf6 ('GW cg eJ J §u6) OJ evsu eJ t51-:9J'l (() 6(ffi '®])<2 ffiJ6ifC' C'GW®lm6 <2CI?Jo.'l::lo [(2<2(3o..Om 6!~ 6Jo.9:1m>06cfucf6 'cg o.i) J ro o.D"i RUJ 6) _Qj ~. cfuffiJ m1 CQ)66JS ~c0016Je.J @'@QJCI?JjOJJW f2g)ilrD6ffiam omrml~c&..cf6 om':?6CID6cfu. ( 8 Scores)

PART -II

IIIII II 11111111111111111111111

Computerised Accounting

1. Changes in ledger accounts can be made in

Maximum : 20 Scores

1. 6) e1 ru)S6 & (131()c00ro 6fl51 am mo8 6l5B cJb

mode.

ClJ(()6(0®6(ffico) ffi'@)6l/)o

a) Display

a)

e&moru5lam

cu5)m)cg~

b) Alter

b) ffi'@cfb §fb

c) Create

c) Lcfu1e&m>R

(1 Score)

d) ru5leJl8 d) Delete

(1 Score)

2. 63Cll6 6lrrug116leJ 6lS~R '6lo.Doo1e&rruo6fl5 eJ :::>w1' Mi n..0:::> clb 31am Clli a55l cWJ am (131()6) 6) e1 em 6) ..2J ~ Cll1c006cm6.

2. The text in a cell are horizontally aligned by default

a) g;QS~

a) Left

b)

b) Centre

c) OJeJ(0)6ClJC!O~

c) Right

d) ill6ce:,g~ am

d) Top

4. rruoffu.@j1cfu o.JlOJCll66BUD ~ocDl~ 6) ce:,:::> 6'1"@' '" so en "cWJ am 63 ({)6 '" ce:, cnJ rr51 Lce:,1e& w n9:1 em" m)Lce:,i em OJ ({)~cfu 0 (3Scores)

4. Draw a 'company creation screen' in Tally with imaginary details.

(3 Scores)

5. "soeSl'CQSlam

rum~& o.m®Ls1 L~iem

6lcfu:J6'1l56 ClJ ({)6em ®1m ffi'©OJ crojD:l:::> CQ) o.@ 6) (0) £fu1 eJ 6 0 ffi'@ 0 u (U)'J nD :) cfD §u

5. List out any six default accounting vouchers with their corresponding

(ffi() d76') '"D

function keys to activate the

6'1l51 0 6m3 OJ '"D ~ 0 6ce:, ~ 0

(131() ®16l ~

Voucher Entry Screen in Tally.

ca,I m>2P

(3 Scores)

6.

6. What is 'function' ? How is it differ from a formula ? What are the

cro ({)\ CQJ:) CQJ

ngy:9J/1ii6ce:, 0

nD 0

613n9:1 em (3 Scores)

ow

db ' o.fj) rm :) am ('((j)u ? ' cg nD:) ro rll6 eJ ' CQfl am m1 em 60 gQ (O)u o.tj)Gm36l m ruj®j:::>rru6lc,B§1 c6l cB€J6cm6 ? ' nD 0

6Bu oS1

'o.tj)cfuCrDam' - am eJ@jOJOCW oJIOJlW (0) ({) (0®\ e.l6§§ nD 0 6Bun9:1 m 6c£7., cJD O{j3 6) (0):) 6)c:B£)CQ):)6l/) ? (4 Scores)

different categories of functions available in Excel ?

(1 Score)

3. "gQ
(1 Score)

30 List a group of accounts under indirect income. (3 Scores)

3050

rllWjr5:J(J)~

(4 Scores) -7-

111111111111111111111111111111

7. a) From the following transactions, prepare a statement showing accounts involved, groups, Debit/Credit and the name of voucher to be used for the purpose of ascertaining Net Profit. 2010 January, 1 - started business with Rs. 1 ,00,000. 2010 January, 1 - Opened current account with SBI Rs. 20,000. 2010 January, 2 - Bought furniture and issued cheque No. 205, Rs. 8,000. 201 0 January, 2- Sold goods to Francis Rs. 80,000. 2010 February, 1 -Paid rent by cheque Rs. 2,000. 2010 February, 12 - Paid Salaries Rs. 13,000. 2010 March, 10 - Issued cheque to Ani I Rs. 2,500. (5 Scores) OR b) Explain the procedure and steps involved to arrive the financial position and result of business operations through the following : i) Company creation

C<5X)6)~ 6)cfu0SJ/~Ym1nl1c006\m

cMlffi6cfucfD

lSOcfOffi)O

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iii) Entering vouchers

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ii) Ledger creation

v) Display Profit and Loss account and Balance Sheet. (5 Scores)

3050

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