2325cbse Exam Paper, Sample of Reports

2 pages, 950 words

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Sample Paper – 2012 Class – XII Subject – Accountancy PART A: Accounting For Not-For-Profit Organisation, Partnership Firms & Company Accounts 1) What is meant by ‘Reserve Capital’? 2) What do you mean by ‘Honorarium’ in case of Not-For-Profit Organisation? 3) Will interest paid to a partner on loan be debited to Profit & Loss A/c or Profit & Loss Appropriation A/c? Give

reasons.

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4) How does the factor ‘location’ affect the goodwill of a firm? 5) What is meant by ‘Reconstitution of firm’? 6) The Income & Expenditure A/c of Raj Club shows subscriptions for 2010 as Rs.70,000. Additional information:

a) Subscriptions for 2009 unpaid on 01/01/2010 was Rs.4,000, Rs.3,600 of which was received in 2010. b) Balance of subscription paid in advance on 01/01/2010 was Rs.1,700. c) Balance of subscription paid in advance on 31/12/2010 was Rs.900. d) Balance of subscription for 2010 unpaid on 31/12/2010 was Rs.3,500.

Determine the amount of subscription received in cash during the year 2010. 7)

Sunanda Ltd. issued 4,000 11 % Debentures of Rs100 each . Pass necessary journal entries for issue of Debentures in the following cases : a) When debentures are issued at par and redeemable at 5 % premium. b) When debentures are issued at 5 % premium and redeemable at par. c) When debentures are issued at 5 % premium and redeemable at 8 % premium. 3

8) State the provisions of Section 79 of the Company’s Act, 1956 regarding the issue of shares at discount.

5 pages, 2228 words

The Research paper on Hrm Issues in the Premium Oil and Gas Case

This essay is based on the Premium Oil and Gas Company (POG) case study. POG, as a global, company is functioning in diversified business environment. It causes in fact, a necessity to deal with varied internal and external environmental issues, that occur within the company. Internal business environmental issues are in control of the enterprise. External business environmental issues, on the ...

9) Calculate the interest on drawings of Sunil @10% per annum for the year ended 31/03/11, in each of these cases: Case I – If he withdraws Rs.4,000 at the beginning of each month. Case II- If he withdraws Rs.,5,000 at the end of each quarter. 10) X,Y and Z are sharing in 2:2:1. Y dies on March 1 st,2011 and his share is taken over by X and Y in the ratio of 3:2. Profits up to December 31st, 2010 is Rs.50,000. Total goodwill of the firm on the date of his death is Rs.40,000.

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Capital Accounts P Q R 3,000 Shares in ‘A’ Ltd. 1,20,000 Motor Car 95,000 Plant 5,000 Advertisement Suspense A/c 3,27,800 30,000 75,000 80,000 84,000 3,27,800

The firm was dissolved on that date and the following arrangement were made: a) Assets realized as follows: Debtors Rs.15,000; Plant at 30% discount. b) Stock was valued at Rs.36,000 and this was taken over by P & Q equally. c) Market value of the shares of A Ltd. is Rs.15 per share. Half the shares were sold in the market and the balance half were taken over by P & Q in their Profit sharing ratio. d) A Creditor for Rs.50,000 took over Motor Car in full settlement of his claim and the balance of creditors were paid at a discount of 2%. e) Expenses of realisation amounted to Rs.6,000. P agreed to discharge his wife’s Loan. Show the necessary Ledger Accounts. 15) Given below is the Balance Sheet of A & B, who are carrying on partnership business as on December 31, 2010 A & B share profit & losses in the ratio of 3:2. Liabilities Bills Payable Creditors Outstanding Expenses Capitals A 2,00,000 B 1,50,000 Amt.(Rs.) 6,000 30,000 14,000 3,50,000 4,00,000 Cash Sundry Debtors Stock Plant Buildings Goodwill Assets Amt.( Rs.) 28,750 80,000 30,000 1,00,000 1,50,000 11,250 4,00,000 6

On that date, they agreed to admit C as a partner on the following terms : (a) C will get 1/4th Share in Profits. C brings proportionate capital. (b) New Profit Sharing ratio shall be 3 : 3 : 2. (c) Goodwill shall be valued on 2 ½ years’ purchase of the past 4 years’ average profits, which were Rs.17,000; Rs.14,000; Rs.15,000 & Rs.20,000 respectively. (d) Plant is to be appreciated to Rs.1,20,000 and value of buildings is to be appreciated by Rs.20,000. (e) Stock was found overvalued by Rs.5,000. (f) Creditors were unrecorded to the extent of Rs.1,000. Prepare Revaluation Account, Partner’s Capital Accounts and Balance Sheet of the new firm.

3 pages, 1472 words

The Business plan on Ratio and Financial Statement Analysis

This paper analyzes tools used in financial analysis such as ratios. Financial ratio analysis is a judicious way for different stakeholders to use for different goals. This paper demonstrates that financial ratio analysis is an important instrument to estimate resources and their used. It also demonstrates that despite the fact that financial ratio analysis is an excellent tool, it does have ...

The Balance Sheet of X,Y and Z who are sharing profits & losses in the proportion of 1/2 : 1/3 : 1/6 respectively was as follows on Dec. 31, 2010 : Liabilities Amt.( Rs.) Assets Amt.( Rs.)

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Pass journal entries in the books of the company. PART B: Analysis Of Financial Statements 17)

18) 19) What will be the impact of ‘ Redemption of Debenture ‘ on a Debt Equity Ratio of 2:1 of a company. Give reasons. 1 Sale of Patents is which type of activity in Cash Flow Statement ? What do you mean by Cash equivalents? 1 1 3 4

20) Discuss the uses of analysis of financial statements to Government, Employees and Creditors. 21) Prepare a Common Size Income Statement with the help of the following information:

Sales Cost of Goods Sold Indirect Expenses Income Tax Particulars 2009(Rs.) 3,00,000 80% of Sales 40% of Gross Profit 50% of Net Profit before Tax 2010(Rs.) 5,00,000 70% of Sales 50% of Gross Profit 50% of Net Profit before Tax

22) From the following information, find out the Cost of Goods sold, Sales and Closing Stock. a) Stock Turnover Ratio = 9 Times b) Gross Profit = Rs.70,000 c) Gross Profit Ratio = 20% d) Closing Stock is 2 times more than Opening Stock. 23) From the following information, prepare Cash Flow Statement for AKS Ltd.

Liabilities Equity Share Capital Profit & Loss A/c Bank Loan Creditors Outstanding Rent Proposed Dividend Provision for Tax 31/03/10(Rs.) 5,00,000 2,00,000 1,00,000 50,000 5,000 50,000 30,000 9,35,000 31/03/11(Rs.) 7,00,000 3,50,000 50,000 45,000 7,000 70,000 50,000 12,72,000 Assets Patents Equipments Furniture Investments Stock Debtors Bank Cash 31/03/10(Rs.) 31/03/11(Rs.) 1,00,000 95,000 2,00,000 2,30,000 3,00,000 2,70,000 –1,00,000 50,000 1,30,000 80,000 1,20,000 2,00,000 3,00,000 5,000 27,000 9,35,000 12,72,000

4 pages, 1953 words

The Term Paper on Financial Statement Stock Statements Method

... financial statements. The ASB states in their statement of principles, that the objective of financial statements  To provide information about ... costs, this leads to problems calculating stock, cost of sales and gross profit. SSAP 9 Stock and Work-in-Progress was produced ... statements under merger accounting. Turnover (SSAP 5) is shown as sales to a third party less any value added tax ...

Additional information: During the year, Equipment costing Rs.80,000 was purchased. Loss on sale of Equipment amounted to Rs.5,000. Depreciation for the year : Equipments – Rs.15,000; Furniture – Rs.3,000 Paper Submitted by: Name AVINASH SINHA Email [email protected] Phone No. 9431378456 SINHA ACCOUNTS TUTORIAL, Sahu Market, Chas(Bokaro), Pin Code – 827013

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