{"id":13589,"date":"2023-03-07T17:12:36","date_gmt":"2023-03-07T11:42:36","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=13589"},"modified":"2025-10-09T16:53:33","modified_gmt":"2025-10-09T11:23:33","slug":"cbse-sample-papers-class-12-accountancy","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-12-accountancy\/","title":{"rendered":"CBSE Sample Papers Class 12 Accountancy 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-12-accountancy\/#_Class_12_Accountancy_Sample_Paper_2025\" >\u00a0 Class 12 Accountancy Sample Paper 2025<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-12-accountancy\/#Class_12_Accountancy_CBSE_Sample_Paper_2025_%E2%80%93_in_PDF\" >Class 12 Accountancy CBSE Sample Paper 2025 &#8211; in PDF<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-12-accountancy\/#CBSE_Sample_Papers_Class_12_Accountancy_2025\" >CBSE Sample Papers Class 12 Accountancy 2025<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-12-accountancy\/#Sample_Papers_for_Class_12_2025\" >Sample Papers for Class 12 2025<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"_Class_12_Accountancy_Sample_Paper_2025\"><\/span><strong>\u00a0 Class 12 Accountancy Sample Paper 2025<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the <strong>2024-25 CBSE exams<\/strong> approach, students must stay ahead with the best study resources. \u00a0The <a href=\"https:\/\/play.google.com\/store\/search?q=mycbseguide+app&amp;c=apps\"><strong>myCBSEguide App<\/strong><\/a> provides access to a wide range of <strong>sample papers<\/strong>, <strong>chapter-wise practice tests<\/strong>, and <strong>NCERT solutions<\/strong> that align with the latest syllabus and exam format. Teachers using the <strong>Examin8 app<\/strong> can customize <strong>Accountancy sample papers<\/strong> for their students, featuring new formats and the <strong>2025 CBSE syllabus<\/strong>. Whether you&#8217;re looking for <strong>mock tests<\/strong>, <strong>CBSE guess papers<\/strong>, or <strong>important question papers<\/strong>, the app offers everything you need for effective exam preparation. Teachers using the <strong>Examin8 app<\/strong> can customize <strong>Accountancy sample papers<\/strong> for their students, featuring new formats and the <strong>2025 CBSE syllabus<\/strong>. Teachers can also make the most of the <a href=\"https:\/\/play.google.com\/store\/search?q=Examin8&amp;c=apps\"><strong>Examin8 App<\/strong><\/a> to create <strong>customized exam papers<\/strong> with personalized branding. Together, these apps empower both students and educators to enhance their preparation and performance in the upcoming <strong>2024-25 CBSE exams<\/strong>. Accountancy is one of the core subjects in the commerce stream. Students can download the model question papers for <strong>CBSE Class 12 Accountancy 2025 Sample Papers<\/strong>\u00a0from our student dashboard. These <strong>CBSE Sample Papers Class 12 Accountancy 2025<\/strong> have some updates this year. We suggest students analyze the whole model paper question by question to understand these changes. <strong>myCBSEguide app<\/strong> offers access to updated<strong> CBSE Class 12 Accountancy Sample Papers 2025<\/strong>, so you can start practicing and boosting your confidence.<\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Class_12_Accountancy_CBSE_Sample_Paper_2025_%E2%80%93_in_PDF\"><\/span><strong>Class 12 Accountancy CBSE Sample Paper 2025 &#8211; in PDF<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As you prepare for the <strong>2025 CBSE exams<\/strong>, the <strong>myCBSEguide app<\/strong> is your ultimate resource for <strong>2025<\/strong> <strong>Class 12 CBSE Accountancy Sample Papers<\/strong>. You can easily access <strong>sample papers<\/strong>, <strong>chapter-wise tests<\/strong>, and <strong>NCERT solutions<\/strong> designed to align with the latest exam patterns. Download the <strong>Class 12 Accountancy Sample Paper 2025<\/strong> now and practice real exam questions directly through the <strong>myCBSEguide mobile app<\/strong>. Whether you&#8217;re looking for updated <strong>Class 12 Accountancy Sample Paper 2025 CBSE<\/strong> to practice, detailed solutions to understand difficult concepts, or quick revision notes, <strong>myCBSEguide<\/strong> has you covered. For teachers, the <strong>Examin8 app<\/strong> makes it easy to create personalized <strong>Accountancy sample papers<\/strong> with custom branding. Simply visit the <strong>myCBSEguide website<\/strong> or download the app to start practicing with accurate and reliable materials. Don\u2019t wait\u2014equip yourself with the best tools for success and ensure you&#8217;re fully prepared for the 2025 CBSE exams!<\/p>\n<p>Get ready for the <strong>Class 12 CBSE Accountancy<\/strong> with the latest <strong>sample papers<\/strong> featuring the updated <strong>marking scheme<\/strong> and <strong>blueprint<\/strong> released by CBSE. These sample papers are specifically designed to help students understand the exam pattern, structure, and scoring system for the <strong>2025 CBSE board exams<\/strong>. Along with the sample papers, we provide detailed <strong>solutions<\/strong> and the official <strong>CBSE marking scheme<\/strong>, ensuring you are fully prepared for the upcoming exams.<\/p>\n<p><strong>Wondering how to prepare for the<\/strong> <strong>CBSE Class 12 Accountancy exams<\/strong>? These sample papers are a perfect resource, addressing the most frequently asked question: <strong>How to prepare for CBSE board exams<\/strong>. You can download the <strong>CBSE Sample Papers for Class 12 Accountancy 2025<\/strong> in <strong>PDF format<\/strong>, complete with answers and solutions, directly from the <strong>myCBSEguide website<\/strong> or the <strong><a href=\"https:\/\/play.google.com\/store\/search?q=mycbseguide+app&amp;c=apps\">myCBSEguide<\/a> mobile app<\/strong>\u2014completely free of charge.<\/p>\n<p>Start preparing with the most accurate and up-to-date resources to boost your exam readiness. Visit the <a href=\"https:\/\/mycbseguide.com\/\"><strong>myCBSEguide <\/strong><\/a><strong>website and app <\/strong>\u00a0now!<\/p>\n<p style=\"text-align: center;\"><strong>CBSE Sample Paper Class 12 Accountancy 2025<\/strong><\/p>\n<p style=\"text-align: center;\"><strong><a class=\"button\" href=\"https:\/\/mycbseguide.com\/dashboard\/category\/1315\/type\/2\">Download as PDF<\/a><\/strong><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"CBSE_Sample_Papers_Class_12_Accountancy_2025\"><\/span>CBSE Sample Papers Class 12 Accountancy 2025<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/media-mycbseguide.s3.ap-south-1.amazonaws.com\/images\/blog\/12_accountancy_sample_paper.jpg\" alt=\"Class 12 Accountancy Sample Paper\" width=\"600\" height=\"300\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Class 12 &#8211; Accountancy<br \/>\nSample paper &#8211; 01\u00a0(2024-25)<\/strong><\/p>\n<hr \/>\n<p><b>Maximum Marks: 80<br \/>\nTime Allowed: : 3 hours<\/b><\/p>\n<hr \/>\n<p><b>General Instructions:<\/b><\/p>\n<ol>\n<li>This question paper contains 34 questions. All questions are compulsory.<\/li>\n<li>This question paper is divided into two parts, Part A and B.<\/li>\n<li><strong>Part &#8211; A is compulsory for all candidates<\/strong>.<\/li>\n<li>Part &#8211; B has two options i.e. <strong>(i) Analysis of Financial Statements and (ii) Computerised Accounting<\/strong>. Students must attempt only one of the given options.<\/li>\n<li>Question 1 to 16 and 27 to 30 carries 1 mark each.<\/li>\n<li>Questions 17 to 20, 31and 32 carries 3 marks each.<\/li>\n<li>Questions from 21 ,22 and 33 carries 4 marks each<\/li>\n<li>Questions from 23 to 26 and 34 carries 6 marks each<\/li>\n<li>There is no overall choice. However, an internal choice has been provided in 7 questions of <strong>one mark<\/strong>, 2 questions of <strong>three marks<\/strong>, 1 question of <strong>four marks<\/strong> and 2 questions of <strong>six marks<\/strong>.<\/li>\n<\/ol>\n<hr \/>\n<ol style=\"padding-left: 20px; list-style: decimal;\">\n<li style=\"list-style-type: none;\">\n<ol style=\"padding-left: 20px; list-style: decimal;\">\n<li style=\"text-align: center; clear: both; display: block;\"><b>Part A:- Accounting for Partnership Firms and Companies<\/b><\/li>\n<li>C, D and E were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They admitted F as a new partner for <span class=\"math-tex\">{tex}\\frac{1}{4}{\/tex}<\/span> share in the profits which was sacrificed by C, D and E in the ratio of 2 : 1 : 2. C&#8217;s new share in the profits will be:\n<div style=\"margin-left: 20px;\">a) <span class=\"math-tex\">{tex}\\frac 25{\/tex}<\/span><\/div>\n<div style=\"margin-left: 20px;\">b) <span class=\"math-tex\">{tex}\\frac 35{\/tex}<\/span><\/div>\n<div style=\"margin-left: 20px;\">c) <span class=\"math-tex\">{tex}\\frac {3}{10}{\/tex}<\/span><\/div>\n<div style=\"margin-left: 20px;\">d) <span class=\"math-tex\">{tex}\\frac {4}{20}{\/tex}<\/span><\/div>\n<\/li>\n<li>________ is the basis of relationship between the partners to run the partnership business.\n<div style=\"margin-left: 20px;\">a) Agreement<\/div>\n<div style=\"margin-left: 20px;\">b) Understanding<\/div>\n<div style=\"margin-left: 20px;\">c) Offer<\/div>\n<div style=\"margin-left: 20px;\">d) Acceptance<\/div>\n<\/li>\n<li>Kiran Limited purchased machinery for \u20b9 12,00,000 from Rohan Limited. The company paid the amount by issue of equity shares of \u20b9 10 each at a premium of 20%. The number of shares to be issued to Rohan Limited will be:\n<div style=\"margin-left: 20px;\">a) 1,80,000 shares<\/div>\n<div style=\"margin-left: 20px;\">b) 1,00,000 shares<\/div>\n<div style=\"margin-left: 20px;\">c) 1,20,000 shares<\/div>\n<div style=\"margin-left: 20px;\">d) 1,50,000 shares<\/div>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Sujata Ltd. issued 5,000, 7% Debentures of \u20b9 100 each at a premium of 10%. According to the terms of issue, 40% of the amount was payable on application and the balance on allotment. The issue was fully subscribed and all amounts were duly received. The amounts received on application and allotment respectively were:<\/p>\n<div style=\"margin-left: 20px;\">a) \u20b9 2,00,000 and \u20b9 3,00,000<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 2,50,000 and \u20b9 3,00,000<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 2,00,000 and \u20b9 3,50,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 2,00,000 and \u20b9 2,50,000<\/div>\n<\/li>\n<li>S and T were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admitted U as a new partner in the firm. On U&#8217;s admission there existed a provision for bad and doubtful debts of \u20b9 7,000. It was decided to write off \u20b9 3,000 as bad debts. The remaining debtors were considered as good. The amount to be debited\/credited to Revaluation Account on account of the above treatment will be:\n<div style=\"margin-left: 20px;\">a) Debit \u20b9 3,000<\/div>\n<div style=\"margin-left: 20px;\">b) Debit \u20b9 7,000<\/div>\n<div style=\"margin-left: 20px;\">c) Debit \u20b9 4,000<\/div>\n<div style=\"margin-left: 20px;\">d) Credit \u20b9 4,000<\/div>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Asha and Deepti were partners in a firm sharing profits and losses in the ratio of 3 : 1. Their fixed capitals were \u20b9 3,00,000 and \u20b9\u00a02,00,000 respectively. They were entitled to interest on capital @ 10% p.a. The firm earned a profit of \u20b9 20,000 during the year. The amount of interest on capital credited to Deepti will be:<\/p>\n<div style=\"margin-left: 20px;\">a) \u20b9 8,000<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 12,000<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 5,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 20,000<\/div>\n<\/li>\n<li>K and L were partners in a firm. Their partnership deed provided that interest on partner&#8217;s drawings will be charged @ 12% per annum. Interest on L&#8217;s drawings for the year ended 31.03.2022 was calculated at \u20b9 900.<br \/>\nThe necessary journal entry for charging interest on L&#8217;s drawings will be:<\/p>\n<div style=\"margin-left: 20px;\">\n<p>a)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>L&#8217;s Capital\/Current A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u20b9 900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Interest on Drawings A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>\u20b9 900<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div style=\"margin-left: 20px;\">\n<p>b)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>Profit and Loss Appropriation A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u20b9 900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Interest on Drawings A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>\u20b9 900<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div style=\"margin-left: 20px;\">\n<p>c)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>Interest on Drawings A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u20b9 900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Profit and Loss Appropriation A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>\u20b9 900<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div style=\"margin-left: 20px;\">\n<p>d)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>Interest on Drawings A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u20b9 900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Partner&#8217;s Capital\/Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>\u20b9 900<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/li>\n<li>Rohit Limited issued 2,000, 9% Debentures of \u20b9 100 each at \u20b9 95 per debenture. 9% Debentures account will be credited by:\n<div style=\"margin-left: 20px;\">a) \u20b9 1,90,000<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 1,10,000<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 2,00,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 10,000<\/div>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Sunbeam Ltd. issued 20,000, 11% debentures of \u20b9 100 each at a premium of 10%, redeemable at a premium of 5%. The <strong>Loss on Issue of Debentures Account<\/strong> will debited by:<\/p>\n<div style=\"margin-left: 20px;\">a) \u20b9 22,00,000<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 3,00,000<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 1,00,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 2,00,000<\/div>\n<\/li>\n<li>A share of \u20b9 10 issued at a premium of \u20b9 2 per share on which \u20b9 8 per share (including premium) have been called and \u20b9 6 per share (including premium) is received, is forfeited. Share Capital Account will be debited by:\n<div style=\"margin-left: 20px;\">a) \u20b9 10<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 12<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 6<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 8<\/div>\n<\/li>\n<li>Nidhi, Kunal and Kabir are partners in a firm sharing profits in the ratio of 2 : 1 : 2. Kunal retired and the balance in his capital account after making necessary adjustments on account of reserves, revaluation of assets and reassessment of liabilities was \u20b9 80,000. Nidhi and Kabir agreed to pay him \u20b9 1,00,000 in full settlement of his claim. Kunal&#8217;s share of goodwill of the firm, on his retirement was:\n<div style=\"margin-left: 20px;\">a) \u20b9 1,80,000<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 16,000<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 4,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 20,000<\/div>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Madhu and Radha were partners in a partnership firm sharing profits and losses in the ratio of 3:2. Madhu withdrew \u20b9 20,000 in each quarter during the year ended 31.03.2023. Interest on drawings was to be charged @ 6% p.a. Interest on Madhu&#8217;s drawings will be:<\/p>\n<div style=\"margin-left: 20px;\">a) \u20b9 1,800<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 4,800<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 3,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 2,400<\/div>\n<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol style=\"padding-left: 20px; list-style: decimal;\">\n<li style=\"clear: both; display: block;\"><b>Question No. 9 to 10 are based on the given text. Read the text carefully and answer the questions:<\/b>A and B\u00a0are partners in a firm sharing profits equally. On 1st April, 2020, the capitals of the partners were \u20b9 2,00,000 and \u20b9 1,50,000 respectively. The Profit and Loss Appropriation Account of the firm showed a net profit of \u20b9 3,75,000 for the year ended 31st March, 2021.<br \/>\nThe Partnership Deed provided the following:<\/p>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>Transfer 10% of distributable profit to Reserve Fund.<\/li>\n<li>Interest on capital @ 6% p.a.<\/li>\n<li>Interest on drawings @ 6% p.a. Drawings for A\u00a0and B\u00a0were \u20b9 40,000 and \u20b9 30,000 respectively.<\/li>\n<\/ol>\n<\/li>\n<li style=\"margin-left: 20px;\">What is the average period for which interest on drawings will be calculated?\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>3 months<\/li>\n<li>6 months<\/li>\n<li>9 months<\/li>\n<li>12 months<\/li>\n<\/ol>\n<div style=\"margin-left: 20px;\">a) Option (iii)<\/div>\n<div style=\"margin-left: 20px;\">b) Option (iv)<\/div>\n<div style=\"margin-left: 20px;\">c) Option (ii)<\/div>\n<div style=\"margin-left: 20px;\">d) Option (i)<\/div>\n<\/li>\n<li style=\"margin-left: 20px;\">Total interest on capital provided is ________.\n<div style=\"margin-left: 20px;\">a) \u20b9 9,000<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 21,000<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 18,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 12,000<br \/>\n<strong>Prepare for Exams with the <a href=\"https:\/\/play.google.com\/store\/search?q=mycbseguide+app&amp;c=apps\">myCBSEguide App<\/a> \u2013 Your Ultimate Study Companion<\/strong>Download the myCBSEguide App to access comprehensive study material for CBSE, NCERT, JEE (Main), NEET-UG, and NDA exams. This app provides everything you need to excel in your studies, with in-depth resources, practice questions, sample papers, and much more. <strong>Examin8<\/strong> is perfect for teachers looking to create <strong>mock exams<\/strong> and <strong>accountancy sample papers<\/strong> for Class 12, including the 2025 syllabus. With the <strong>Examin8 app<\/strong>, educators can design personalized <strong>Class 12 Accountancy Sample Papers<\/strong> that match the <strong>2025 CBSE guidelines<\/strong>.For teachers, the <a href=\"https:\/\/play.google.com\/store\/search?q=Examin8&amp;c=apps\"><strong>Examin8 App<\/strong><\/a> allows you to easily create customized exam papers, featuring your own name, logo, and branding.<\/p>\n<p>Start preparing smarter and faster today with <strong><a href=\"https:\/\/mycbseguide.com\/\">myCBSEguide<\/a><\/strong> and <strong><a href=\"https:\/\/examin8.com\/\">Examin8<\/a><\/strong> Website! tart preparing for the <strong>2025 CBSE Class 12 Accountancy exam<\/strong> today by downloading free sample papers from the <strong>myCBSEguide website<\/strong> and app.<\/p>\n<\/div>\n<\/li>\n<li>P, Q and R are partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. For the year ended 31<sup>st<\/sup> March, 2022, interest on capital was credited to them @ 10% p.a. instead of 5% p.a. Their fixed capitals were \u20b9 2,00,000; \u20b9 1,00,000; \u20b9 50,000 respectively. The necessary adjustment entry to rectify the error will be:\n<div style=\"margin-left: 20px;\">\n<p>a)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Debit Amt. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Credit Amt. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(A)<\/td>\n<td>P&#8217;s Current A\/c<\/td>\n<td>Dr.<\/td>\n<td>2,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Q&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To R&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div style=\"margin-left: 20px;\">\n<p>b)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Debit Amt. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Credit Amt. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(C)<\/td>\n<td>P&#8217;s Current A\/c<\/td>\n<td>Dr.<\/td>\n<td>2,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Q&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To R&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div style=\"margin-left: 20px;\">\n<p>c)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Debit Amt. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Credit Amt. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(D)<\/td>\n<td>P&#8217;s Current A\/c<\/td>\n<td>Dr.<\/td>\n<td>3,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Q&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>2,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To R&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div style=\"margin-left: 20px;\">\n<p>d)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Debit Amt. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Credit Amt. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(B)<\/td>\n<td>P&#8217;s Current A\/c<\/td>\n<td>Dr.<\/td>\n<td>3,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Q&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>2,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To R&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/li>\n<li>X Ltd. forfeited 100 shares of \u20b9 10 each, \u20b9 8 called-up for non-payment of allotment money of \u20b9 5 per share (including premium of \u20b9 2 per share). Out of these, 70 shares were reissued to Ashok as \u20b9 8 called-up, for \u20b9 10 per share. On forfeiture, <strong>Share Forfeiture Account<\/strong> will be:\n<div style=\"margin-left: 20px;\">a) Debited by \u20b9 200<\/div>\n<div style=\"margin-left: 20px;\">b) Credited by \u20b9 700<\/div>\n<div style=\"margin-left: 20px;\">c) Credited by \u20b9 500<\/div>\n<div style=\"margin-left: 20px;\">d) Debited by \u20b9 500<\/div>\n<\/li>\n<li>A company forfeited 400 shares of \u20b9 10 each, \u20b9 8 per share called up for non-payment of first call of \u20b9 2 per share. On forfeiture of these shares, <strong>Share Capital<\/strong> account will be debited with:\n<div style=\"margin-left: 20px;\">a) \u20b9 4,000<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 3,200<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 2,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 800<\/div>\n<\/li>\n<li>Josh and Jeevan were partners in a firm. During the year ended 31.03.2022 Jeevan withdrew \u20b9 5,000 per month starting from 30.06.2021. The partnership deed provided that interest on drawings will be charged @ 12% per annum. The average number of months for which interest on Jeevan&#8217;s total drawings will be charged is:\n<div style=\"margin-left: 20px;\">a) <span class=\"math-tex\">{tex}6 \\frac{1}{2}{\/tex}<\/span>\u00a0months<\/div>\n<div style=\"margin-left: 20px;\">b) 6 months<\/div>\n<div style=\"margin-left: 20px;\">c) <span class=\"math-tex\">{tex}4 \\frac{1}{2}{\/tex}<\/span>\u00a0months<\/div>\n<div style=\"margin-left: 20px;\">d) 5\u00a0months<\/div>\n<\/li>\n<li>X and Z were partners in a firm with capitals of \u20b9 45,000 each. They admitted Y as a new partner for <span class=\"math-tex\">{tex}\\frac{1}{3}{\/tex}<\/span>rd share in the profits of the firm. Y brought \u20b9 60,000 as his capital. Based on Y&#8217;s share in the profits of the firm and his capital contribution, the goodwill of the firm will be:\n<div style=\"margin-left: 20px;\">a) \u20b9 90,000<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 1,50,000<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 1,80,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 30,000<\/div>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Anu, Monu and Sonu were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Monu died on 1<sup>st<\/sup> January, 2022. Anu and Sonu will acquire Monu&#8217;s share in the ratio of:<\/p>\n<div style=\"margin-left: 20px;\">a) 3 : 2<\/div>\n<div style=\"margin-left: 20px;\">b) 5 : 3<\/div>\n<div style=\"margin-left: 20px;\">c) 5 : 2<\/div>\n<div style=\"margin-left: 20px;\">d) 1 : 1<\/div>\n<\/li>\n<li>On dissolution of a partnership firm, furniture appearing in the Balance Sheet was \u20b9 2,00,000. 50% of the furniture was taken over by a partner at \u20b9 65,000 and balance 50% was sold at 20% less than the book value.<br \/>\nThe amount debited to bank account was:<\/p>\n<div style=\"margin-left: 20px;\">a) \u20b9 65,000<\/div>\n<div style=\"margin-left: 20px;\">b) \u20b9 80,000<\/div>\n<div style=\"margin-left: 20px;\">c) \u20b9 1,85,000<\/div>\n<div style=\"margin-left: 20px;\">d) \u20b9 1,45,000<\/div>\n<\/li>\n<li>Rakshit and Malik are partners in a firm sharing profits and losses in the ratio of 4 : 1. On 1<sup>st<\/sup> April, 2021, their capitals were \u20b9 1,20,000 and \u20b9 80,000 respectively. On 1<sup>st<\/sup> December, 2021, they decided that the total capital of the firm should be \u20b9 3,00,000 to be contributed by them in the ratio of 2 : 1.<br \/>\nAccording to the partnership deed, interest on capital is allowed to the partners @ 6% p.a.<br \/>\nCalculate interest on capital to be allowed for the year ending 31<sup>st<\/sup> March, 2022.<\/li>\n<li>On 01.04.2022, Ravi, Kavi and Avi started a partnership firm with fixed capitals of \u20b9 6,00,000, \u20b9 6,00,000 and \u20b9 3,00,000 respectively. The partnership deed provided for the following:\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>Interest on capital @ 10% per annum.<\/li>\n<li>Interest on drawings @ 12% per annum.<\/li>\n<li>An annual salary of \u20b9 1,20,000 to Avi.<\/li>\n<li>Profits and losses were to be shared in the ratio of their capitals. The net profit of the firm for the year ended 31.03.2023 was \u20b9 3,08,000.\u00a0Interest on partners&#8217; drawings was Ravi \u20b9 4,800, Kavi \u20b9 4,200 and Avi \u20b9 3,000.<\/li>\n<\/ol>\n<p>Prepare Profit and Loss Appropriation Account of Ravi, Kavi and Avi for the year ended 31.03.2023.<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Yogesh, Ram and Rohit are partners. Each partner regularly withdrew \u20b9 20,000 per month as given below:<\/p>\n<ol style=\"list-style-type: lower-alpha;\" start=\"1\">\n<li>Yogesh withdrew in the beginning of the month;<\/li>\n<li>Ram withdrew in the middle of the month; and<\/li>\n<li>Rohit withdrew at the end of the month.<br \/>\nInterest on drawings charged for the year ended 31<sup>st<\/sup> March, 2023 was \u20b9 15,600, \u20b9 14,400 and \u20b9 13,200 respectively. Determine the rate of interest charged on drawings.<\/li>\n<\/ol>\n<\/li>\n<li>Vels Ltd. purchased a running business of Viaz Enterprises for a sum of \u20b9 12,00,000. Vels Ltd. paid \u20b9 60,000 by drawing a promissory note in favour of Viaz Enterprises, \u20b9 1,90,000 through bank draft and balance by issue of 8% Debentures of \u20b9 100 each at a discount of 5%. The assets and liabilities of Viaz Enterprises consisted of Fixed Assets valued at \u20b9 17,30,000 and Trade Payables at \u20b9 3,20,000.<br \/>\nYou are required to pass necessary Journal entries in the books of Vels Ltd.<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>A company forfeited 200 shares of \u20b9 20 each, \u20b9 15 per share called-up on which \u20b9 10 per share had been paid. Directors reissued all the forfeited shares to B as \u20b9 15 per share paid-up for a payment of \u20b9 10 each.<br \/>\nGive Journal entries in the books of the company for forfeiture and reissue of shares.<\/li>\n<li>A firm earned average profit of \u20b9 3,00,000 during the last few years. The normal rate of return of the industry is 15%. The assets of the business were \u20b9 17,00,000 and its liabilities were \u20b9 2,00,000. Calculate the goodwill of the firm by capitalisation of average profits.<br \/>\nDownload the <strong><a href=\"https:\/\/play.google.com\/store\/search?q=mycbseguide+app&amp;c=apps\">myCBSEguide App<\/a><\/strong> for comprehensive study resources, practice questions, and exam preparation material for CBSE, NCERT, JEE (Main), NEET-UG, and NDA exams. Whether you&#8217;re studying for school exams or competitive tests, the app offers everything you need to succeed. <strong>CBSE Class 12 Accountancy Sample Paper 2025<\/strong> is now available for download on the <strong>myCBSEguide app<\/strong> with detailed solutions and analysis. You can now practice <strong>Class 12 Accountancy Sample Papers 2025<\/strong> with a new <strong>CBSE marking scheme<\/strong> and blueprint available on the <strong>myCBSEguide app<\/strong>.For educators, the <a href=\"https:\/\/play.google.com\/store\/search?q=Examin8&amp;c=apps\"><strong>Examin8 App<\/strong><\/a> provides a simple way to design and customize exam papers, adding your own name, logo, and branding.Start preparing smarter and faster with <strong><a href=\"https:\/\/mycbseguide.com\/\">myCBSEguide<\/a><\/strong> Website and <strong><a href=\"https:\/\/examin8.com\/\">Examin8<\/a><\/strong> Website!<\/li>\n<li>Distinguish between Equity Share and Preference Share.<\/li>\n<li>Ravi, Kavi and Chand were partners sharing profits in the ratio of 5 : 3 : 2. On 31<sup>st<\/sup> March, 2022, their Balance Sheet was as follows:\n<p style=\"text-align: center;\"><strong>Balance Sheet of Ravi, Kavi and Chand as on 31<sup>st<\/sup> March, 2022<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Liabilities<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Assets<\/strong><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Sundry Creditors<\/td>\n<td><\/td>\n<td>70,000<\/td>\n<td>Land and Building<\/td>\n<td><\/td>\n<td>3,50,000<\/td>\n<\/tr>\n<tr>\n<td>Chand&#8217;s Loan<\/td>\n<td><\/td>\n<td>20,000<\/td>\n<td>Stock<\/td>\n<td><\/td>\n<td>3,00,000<\/td>\n<\/tr>\n<tr>\n<td>Mrs. Chand&#8217;s Loan<\/td>\n<td><\/td>\n<td>20,000<\/td>\n<td>Debtors<\/td>\n<td>2,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Capitals:<\/td>\n<td><\/td>\n<td><\/td>\n<td>Less provision<\/td>\n<td>10,000<\/td>\n<td>1,90,000<\/td>\n<\/tr>\n<tr>\n<td>Ravi<\/td>\n<td>4,00,000<\/td>\n<td><\/td>\n<td>Cash<\/td>\n<td><\/td>\n<td>70,000<\/td>\n<\/tr>\n<tr>\n<td>Kavi<\/td>\n<td>3,00,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Chand<\/td>\n<td>1,00,000<\/td>\n<td>8,00,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>9,10,000<\/td>\n<td><\/td>\n<td><\/td>\n<td>9,10,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The firm was dissolved on the above date.<\/p>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>Land and Building and Stock were sold for \u20b9 6,00,000. Debtors were realised at 10% less than the book value.<\/li>\n<li>Mrs. Chand&#8217;s loan was settled by giving her a computer of \u20b9 22,000 not recorded in the books.<\/li>\n<li>Ravi paid off one of the creditors \u20b9 20,000 in settlement of his amount of \u20b9 30,000.<\/li>\n<li>Remaining creditors were paid in cash.<\/li>\n<\/ol>\n<p>Prepare Realisation Account.<\/li>\n<li>Zee Ltd. invited applications for issuing 3,40,000 equity shares of \u20b9 10 each at a premium of \u20b9 5 per share. The amount was payable as follows:<br \/>\nOn application \u20b9 4 per share (including \u20b9 2 premium)<br \/>\nOn allotment \u20b9 5 per share (including \u20b9 2 premium)<br \/>\nOn First and Final call &#8211; Balance.<br \/>\nApplications for 6,00,000 shares were received. Application for 1,80,000 shares were rejected and application money was refunded. Shares were allotted on prorata basis to the remaining applicants. Excess money received with applications was adjusted towards sum due on allotment. Yamini who had applied for 2,100 shares failed to pay allotment money and her shares were forfeited immediately. Vani to whom 6,800 shares were allotted paid her entire share money due on allotment. Afterwards First and Final call was made and was duly received. Out of the forfeited shares 850 shares were reissued to Vansh at \u20b9 8 per share fully paid up. Pass necessary journal entries for the above transactions in the books of the company by opening calls-in-arrears and calls-in-advance accounts.<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>A Ltd. invited applications for issuing 1,00,000 shares of \u20b9 10 each at a premium of \u20b9 1 per share. The amount was payable as follows:<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>On Application<\/td>\n<td>\u2013<\/td>\n<td>\u20b9 3 per share;<\/td>\n<\/tr>\n<tr>\n<td>On Allotment<\/td>\n<td>\u2013<\/td>\n<td>\u20b9 3 per share (including premium);<\/td>\n<\/tr>\n<tr>\n<td>On First Call<\/td>\n<td>\u2013<\/td>\n<td>\u20b9 3 per share;<\/td>\n<\/tr>\n<tr>\n<td>On Second and Final Call<\/td>\n<td>\u2013<\/td>\n<td>Balance amount.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Applications for 1,60,000 shares were received. Allotment was made on the following basis:<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>(i)<\/td>\n<td>To applicants for 90,000 shares<\/td>\n<td>\u2013<\/td>\n<td>40,000 shares;<\/td>\n<\/tr>\n<tr>\n<td>(ii)<\/td>\n<td>To applicants for 50,000 shares<\/td>\n<td>\u2013<\/td>\n<td>40,000 shares;<\/td>\n<\/tr>\n<tr>\n<td>(iii)<\/td>\n<td>To applicants for 20,000 shares<\/td>\n<td>\u2013<\/td>\n<td>Full shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Excess money paid on application is to be adjusted against the amount due on allotment and calls.<br \/>\nMayank, a shareholder, who applied for 1,500 shares and belonged to category (ii), did not pay allotment, first and second and final call money.<br \/>\nAnother shareholder, Kavita, who applied for 1,800 shares and belonged to category (i), did not pay the first and second and final call money.<br \/>\nAll the shares of Mayank and Kavita were forfeited and were subsequently reissued at \u20b9 7 per share fully paid.<br \/>\nPass the necessary Journal entries in the books of A Ltd. Open Calls-in-Arrears Account and Calls-in-Advance Account wherever required.<\/li>\n<li>Alfa and Beta were partners in a firm. They were trading in artificial limbs. On 1st April, 2013 they admitted Gama, a good friend of Beta into the partnership, Gama lost his one hand in accident and Alfa and Beta decided to give one artificial hand free of cost to Gama. The balance sheet of Alfa and Beta as at 31st March, 2013 was as follows\n<p style=\"text-align: left;\"><strong>Balance Sheet<\/strong><br \/>\nas at 31st March, 2013<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Liabilities<\/strong><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<td><strong>Assets<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Provision for Doubtful Debts<\/td>\n<td><\/td>\n<td>40,000<\/td>\n<td>Cash<\/td>\n<td>1,00,000<\/td>\n<\/tr>\n<tr>\n<td>Workmen&#8217;s Compensation Fund<\/td>\n<td><\/td>\n<td>56,000<\/td>\n<td>Sundry Debtors<\/td>\n<td>8,00,000<\/td>\n<\/tr>\n<tr>\n<td>Outstanding Expenses<\/td>\n<td><\/td>\n<td>30,000<\/td>\n<td>Stock<\/td>\n<td>2,00,000<\/td>\n<\/tr>\n<tr>\n<td>Creditors<\/td>\n<td><\/td>\n<td>3,00,000<\/td>\n<td>Machinery<\/td>\n<td>3,86,000<\/td>\n<\/tr>\n<tr>\n<td>Capital A\/cs<\/td>\n<td><\/td>\n<td><\/td>\n<td>Profit and Loss A\/c<\/td>\n<td>40,000<\/td>\n<\/tr>\n<tr>\n<td>Alfa<\/td>\n<td>5,00,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Beta<\/td>\n<td>6,00,000<\/td>\n<td>11,00,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>15,26,000<\/td>\n<td><\/td>\n<td>15,26,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Gama was admitted in the firm on the following terms:<\/p>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>Gama will bring \u20b94,00,000 as his share of capital, but he was unable to bring any amount for goodwill.<\/li>\n<li>The new profit sharing ratio between Alfa, Beta and Gamma will be 3 : 2 : 1.<\/li>\n<li>Claim on account of workmen compensation was \u20b930,000.<\/li>\n<li>To write off bad debts amounted to \u20b940,000.<\/li>\n<li>Creditors were paid \u20b920,000 more.<\/li>\n<li>Outstanding expenses be brought down to \u20b912,000.<\/li>\n<li>\u20b920,000 be provided for an unforeseen liability.<\/li>\n<li>Goodwill of the firm was valued at \u20b91,80,000.<br \/>\nPrepare revaluation account, capital accounts of partners and the opening balance sheet of the new firm. Also, identify anyone value which the partners wanted to communicate to the society.<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Lokesh, Mansoor and Nihal were partners in a firm sharing profits as 50%, 30% and 20% respectively. On 31st March, 2014, their balance sheet was as follows:<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Liabilities<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount <\/strong><br \/>\n<strong>(Rs)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Assets<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount <\/strong><br \/>\n<strong>(Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Creditors<\/td>\n<td style=\"text-align: center;\">34,000<\/td>\n<td>Cash<\/td>\n<td style=\"text-align: center;\">68,000<\/td>\n<\/tr>\n<tr>\n<td>Provident Fund<\/td>\n<td style=\"text-align: center;\">10,000<\/td>\n<td>Stock<\/td>\n<td style=\"text-align: center;\">38,000<\/td>\n<\/tr>\n<tr>\n<td>Investment Fluctuation Fund<\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<td>Debtors\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a094,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td>Capital A\/cs:<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td>(-) Provision\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 6,000<\/td>\n<td style=\"text-align: center;\">88,000<\/td>\n<\/tr>\n<tr>\n<td>Lokesh\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1,40,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td>Investments<\/td>\n<td style=\"text-align: center;\">80,000<\/td>\n<\/tr>\n<tr>\n<td>Mansoor\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a080,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td>Goodwill<\/td>\n<td style=\"text-align: center;\">40,000<\/td>\n<\/tr>\n<tr>\n<td>Nihal\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a050,000<\/td>\n<td style=\"text-align: center;\">2,70,000<\/td>\n<td>Profit and Loss<\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">3,34,000<br \/>\n=========<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">3,34,000<br \/>\n========<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>On the above date, Mansoor retired and Lokesh and Nihal agreed to continue on the following terms:<\/p>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>Firm\u2019s goodwill was valued at Rs 1,02,000 and it was decided to adjust Mansoor\u2019s share of goodwill into the capital accounts of the continuing partners.<\/li>\n<li>There was a claim for workmen\u2019s compensation to the extent of Rs 12,000 and investments were brought down to Rs 30,000.<\/li>\n<li>Provision for bad debts was to be reduced by Rs 2,000.<\/li>\n<li>Mansoor was to be paid Rs 20,600 in cash and the balance will be transferred to his loan account which was paid in two equal instalments together with interest @ 10% per annum.<\/li>\n<li>Lokesh\u2019s and Nihal\u2019s capitals were to be adjusted in their new profit sharing ratio by bringing in or paying off cash as the case may be.<\/li>\n<\/ol>\n<p>Prepare revaluation account and partners\u2019 capital accounts.<\/li>\n<li>Radha, Manas and Arnav were partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. Their Balance Sheet as at 31<sup>st<\/sup> March, 2019 was as follows:\n<p style=\"text-align: left;\"><strong>Balance Sheet of\u00a0Radha, Manas and Arnav<br \/>\nas at 31<sup>st<\/sup> March, 2019<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Liabilities<\/strong><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><strong>(\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\"><strong>Assets<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\">Capitals:<\/td>\n<td rowspan=\"1\"><\/td>\n<td rowspan=\"1\"><\/td>\n<td colspan=\"2\">Furniture<\/td>\n<td style=\"text-align: right;\">4,60,000<\/td>\n<\/tr>\n<tr>\n<td>Radha<\/td>\n<td style=\"text-align: right;\">4,00,000<\/td>\n<td><\/td>\n<td colspan=\"2\">Investments<\/td>\n<td style=\"text-align: right;\">2,00,000<\/td>\n<\/tr>\n<tr>\n<td>Manas<\/td>\n<td style=\"text-align: right;\">3,00,000<\/td>\n<td><\/td>\n<td colspan=\"2\">Stock<\/td>\n<td style=\"text-align: right;\">2,40,000<\/td>\n<\/tr>\n<tr>\n<td>Arnav<\/td>\n<td style=\"text-align: right;\"><u>2,00,000<\/u><\/td>\n<td style=\"text-align: right;\">9,00,000<\/td>\n<td>Sundry Debtors<\/td>\n<td style=\"text-align: right;\">2,20,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Investment Fluctuation<br \/>\nFund<\/td>\n<td><\/td>\n<td style=\"text-align: right;\">1,10,000<\/td>\n<td>Less: Provision for Doubtful Debts<\/td>\n<td style=\"text-align: right;\"><u>(10,000)<\/u><\/td>\n<td style=\"text-align: right;\">2,10,000<\/td>\n<\/tr>\n<tr>\n<td>Creditors<\/td>\n<td><\/td>\n<td style=\"text-align: right;\"><u>2,50,000<\/u><\/td>\n<td colspan=\"2\">Cash<\/td>\n<td style=\"text-align: right;\"><u>1,50,000<\/u><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: right;\"><u>12,60,000<\/u><\/td>\n<td colspan=\"2\"><\/td>\n<td style=\"text-align: right;\"><u>12,60,000<\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Manas retired on 1<sup>st<\/sup> April, 2019. It was agreed that:<\/p>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>Stock was to be appreciated by 20%<\/li>\n<li>Provision for doubtful debts was to be increased to \u20b9 15,000.<\/li>\n<li>Value of furniture was to be reduced by \u20b9 3,000.<\/li>\n<li>Market value of investments was \u20b9 1,90,000.<\/li>\n<li>Goodwill of the firm was valued at \u20b9 2,00,000 and Manas&#8217;s share was adjusted in the accounts of Radha and Arnav.<\/li>\n<li>Manas was paid \u20b9 68,000 in cash and the balance was transferred to his loan account.<\/li>\n<li>Capitals of Radha and Arnav were to be in proportion to their new profit sharing ratio. Surplus\/deficit, if any, in their capital accounts was to be adjusted through current accounts.<\/li>\n<\/ol>\n<p>Prepare Revaluation Account, Partners&#8217;\u00a0Capital Accounts and the Balance Sheet of the reconstituted firm.<\/li>\n<li>Pass the necessary journal entries for the issue of 9% debentures in the following cases:\n<ol style=\"list-style-type: lower-alpha;\" start=\"1\">\n<li>Issued \u20b9 5,00,000, 9% debentures of \u20b9 100 each at par, redeemable at par, after three years.<\/li>\n<li>Issued 4,000, 9% debentures of \u20b9 100 each at a discount of 3%, redeemable at a premium of 10% after five years.<\/li>\n<li>Issued 10,000, 9% debentures of \u20b9 100 each issued at a premium of 20%, redeemable at a premium of 10% after five years.<\/li>\n<\/ol>\n<\/li>\n<li style=\"text-align: center; clear: both; display: block;\"><b>Part B :- Analysis of Financial Statements<\/b><\/li>\n<li>Horizontal Analysis is:\n<div style=\"margin-left: 20px;\">a) Cross Section Analysis<\/div>\n<div style=\"margin-left: 20px;\">b) Profitability Analysis<\/div>\n<div style=\"margin-left: 20px;\">c) Time Series Analysis<\/div>\n<div style=\"margin-left: 20px;\">d) Vertical analysis<\/div>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Balance sheet and statement of profit and loss are together commonly referred to as:<\/p>\n<div style=\"margin-left: 20px;\">a) All of these<\/div>\n<div style=\"margin-left: 20px;\">b) Receipts and Payments Account<\/div>\n<div style=\"margin-left: 20px;\">c) Common Size Statements<\/div>\n<div style=\"margin-left: 20px;\">d) Financial Statements<\/div>\n<\/li>\n<li>Which of the following is <strong>not<\/strong> an item under <strong>Current Assets<\/strong>?\n<div style=\"margin-left: 20px;\">a) Cash and Cash Equivalents<\/div>\n<div style=\"margin-left: 20px;\">b) Inventories<\/div>\n<div style=\"margin-left: 20px;\">c) Capital Advances<\/div>\n<div style=\"margin-left: 20px;\">d) Short-term Loans and Advances<\/div>\n<\/li>\n<li>Which of the following transactions will <strong>not<\/strong> result in flow of cash?\n<div style=\"margin-left: 20px;\">a) Issue of Equity shares of \u20b9 20,00,000 for cash<\/div>\n<div style=\"margin-left: 20px;\">b) Purchase of Building of \u20b9 12,75,000 for cash<\/div>\n<div style=\"margin-left: 20px;\">c) Cash deposited into Bank \u20b9 12,50,000<\/div>\n<div style=\"margin-left: 20px;\">d) Redemption of 8% Debentures of \u20b9 7,50,000 for cash<\/div>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Which of the following transactions are shown under financing activities while preparing cash flow statement:<\/p>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>Issue of Equity Shares<\/li>\n<li>Cash Received from Debtors<\/li>\n<li>Redemption of Debentures<\/li>\n<li>Cash Paid Against Trade Payables<\/li>\n<\/ol>\n<p>Choose the correct option:<\/p>\n<div style=\"margin-left: 20px;\">a) (i), (ii) and (iv)<\/div>\n<div style=\"margin-left: 20px;\">b) (i) and (iii)<\/div>\n<div style=\"margin-left: 20px;\">c) (i) and (ii)<\/div>\n<div style=\"margin-left: 20px;\">d) (i)<\/div>\n<\/li>\n<li>Paid \u20b9 7,00,000 to acquire shares in K.L. Ltd. and received a dividend of \u20b9 20,000 after acquisition. These transactions will result in\n<div style=\"margin-left: 20px;\">a) Cash used in Investing Activities \u20b9 7,00,000.<\/div>\n<div style=\"margin-left: 20px;\">b) Cash generated from Financing Activities \u20b9 6,80,000.<\/div>\n<div style=\"margin-left: 20px;\">c) Cash used in Investing Activities \u20b9 6,80,000.<\/div>\n<div style=\"margin-left: 20px;\">d) Cash generated from Financing Activities \u20b9 7,20,000.<\/div>\n<\/li>\n<li>It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between the various items of the Balance Sheet and the Statement of Profit and Loss. Identify the process and state two objectives of the process identified.<\/li>\n<li>A firm had current assets of 1,60,000. It then paid a current liability of \u20b9 40,000. After this payment, the current ratio was 2 : 1. Determine:\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>The size of Current Liabilities and Working Capital after the payment.<\/li>\n<li>Also, determine the size of these two items before the payment was made.<\/li>\n<\/ol>\n<\/li>\n<li>From the following information prepare Comparative Balance Sheet of X Ltd.:<br \/>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th scope=\"col\">Particulars<\/th>\n<th scope=\"col\">31-3-2023<br \/>\nAmount<br \/>\n\u20b9<\/th>\n<th scope=\"col\">31-3-2022<br \/>\nAmount<br \/>\n\u20b9<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Share Capital<\/td>\n<td>25,00,000<\/td>\n<td>25,00,000<\/td>\n<\/tr>\n<tr>\n<td>Reserves and Surplus<\/td>\n<td>6,00,000<\/td>\n<td>10,00,000<\/td>\n<\/tr>\n<tr>\n<td>Long-term Borrowings<\/td>\n<td>16,00,000<\/td>\n<td>15,00,000<\/td>\n<\/tr>\n<tr>\n<td>Current Liabilities<\/td>\n<td>5,00,000<\/td>\n<td>4,50,000<\/td>\n<\/tr>\n<tr>\n<td>Fixed Assets<\/td>\n<td>35,00,000<\/td>\n<td>25,00,000<\/td>\n<\/tr>\n<tr>\n<td>Investments (Non-Current)<\/td>\n<td>10,50,000<\/td>\n<td>15,00,000<\/td>\n<\/tr>\n<tr>\n<td>Current Assets<\/td>\n<td>6,50,000<\/td>\n<td>14,50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Prepare Comparative Statement of Profit and Loss from the following :<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th style=\"text-align: center;\" scope=\"col\" width=\"362\"><strong>Particulars<\/strong><\/th>\n<th style=\"text-align: center;\" scope=\"col\" width=\"50\"><strong>31st March 2013(Rs.)<\/strong><\/th>\n<th style=\"text-align: center;\" scope=\"col\" width=\"102\"><strong>31st March 2012(Rs.)<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: left;\" width=\"362\">Revenue from Operations<\/td>\n<td style=\"text-align: center;\" width=\"50\">12,50,000<\/td>\n<td style=\"text-align: center;\" width=\"102\">10,00,000<\/td>\n<\/tr>\n<tr>\n<td width=\"362\">Cost of Materials Consumed<\/td>\n<td style=\"text-align: center;\" width=\"50\">6,50,000<\/td>\n<td style=\"text-align: center;\" width=\"102\">5,00,000<\/td>\n<\/tr>\n<tr>\n<td width=\"362\">Other Expenses<\/td>\n<td style=\"text-align: center;\" width=\"50\">60,000<\/td>\n<td style=\"text-align: center;\" width=\"102\">50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Interest on Investments @ RS. 30,000 and Taxes Payable @ 50%.<\/li>\n<li>Read the following hypothetical text and answer the given question on this basis:<br \/>\nMadhav is a young entrepreneur. On 1<sup>st<\/sup> April, 2019, he formed a partnership firm with two of his friends, Mohan and Sohan. They started their business of exporting dry fruits. Their business was a successful business. Now they wanted to expand the business in many other countries. For meeting the financial requirements, they changed the form of business organisation and formed Madhav Ltd. The Balance Sheet of Madhav Ltd. as at 31.3.2022 was as follows:<\/p>\n<p style=\"text-align: center;\"><strong>Balance Sheet of Madhav Ltd. as at 31<sup>st<\/sup> March, 2022<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Note<br \/>\nNo.<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>31.3.2022<br \/>\n\u20b9<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>31.3.2021<br \/>\n\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>I &#8211; Equity and Liabilities:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>1. Shareholders&#8217; Funds<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(a) Share Capital<\/td>\n<td><\/td>\n<td>35,00,000<\/td>\n<td>25,00,000<\/td>\n<\/tr>\n<tr>\n<td>(b) Reserves and Surplus<br \/>\n(Statement of P &amp; L)<\/td>\n<td><\/td>\n<td>12,50,000<\/td>\n<td>10,00,000<\/td>\n<\/tr>\n<tr>\n<td><strong>2. Non-Current Liabilities<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Long-term Borrowings<br \/>\n(10% Debentures)<\/td>\n<td><\/td>\n<td>12,50,000<\/td>\n<td>3,50,000<\/td>\n<\/tr>\n<tr>\n<td><strong>3. Current Liabilities<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(a) Short-term Borrowings<br \/>\n(Bank Overdraft)<\/td>\n<td><\/td>\n<td>50,000<\/td>\n<td>75,000<\/td>\n<\/tr>\n<tr>\n<td>(b) Trade Payables<\/td>\n<td><\/td>\n<td>2,50,000<\/td>\n<td>1,50,000<\/td>\n<\/tr>\n<tr>\n<td>(c) Short-term Provisions<\/td>\n<td>1<\/td>\n<td>1,50,000<\/td>\n<td>75,000<\/td>\n<\/tr>\n<tr>\n<td><strong>Total<\/strong><\/td>\n<td><\/td>\n<td>64,50,000<\/td>\n<td>41,50,000<\/td>\n<\/tr>\n<tr>\n<td><strong>II-Assets:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>1. Non-Current Assets<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Fixed Assets<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(a) Tangible Assets<\/td>\n<td>2<\/td>\n<td>40,00,000<\/td>\n<td>22,50,000<\/td>\n<\/tr>\n<tr>\n<td>(b) Intangible Assets<br \/>\n(Goodwill)<\/td>\n<td><\/td>\n<td>3,50,000<\/td>\n<td>5,00,000<\/td>\n<\/tr>\n<tr>\n<td><strong>2. Current Assets<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(a) Inventories<\/td>\n<td><\/td>\n<td>6,25,000<\/td>\n<td>5,00,000<\/td>\n<\/tr>\n<tr>\n<td>(b) Trade Receivables<\/td>\n<td><\/td>\n<td>12,50,000<\/td>\n<td>7,50,000<\/td>\n<\/tr>\n<tr>\n<td>(c) Cash and Cash Equivalents<\/td>\n<td><\/td>\n<td>2,25,000<\/td>\n<td>1,50,000<\/td>\n<\/tr>\n<tr>\n<td><strong>Total<\/strong><\/td>\n<td><\/td>\n<td>64,50,000<\/td>\n<td>41,50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Notes to Accounts:<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Note<br \/>\nNo.<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>31.3.2022<br \/>\nAmount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>31.3.2021<br \/>\nAmount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td><strong>Short term Provisions<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Provision for Tax<\/td>\n<td>1,50,000<\/td>\n<td>75,000<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td><strong>Tangible Assets<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Plant and Machinery<\/td>\n<td>44,00,000<\/td>\n<td>25,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Less Accumulated Depreciation<\/td>\n<td>(4,00,000)<\/td>\n<td>(2,50,000)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>40,00,000<\/td>\n<td>22,50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Additional Information:<\/p>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>A part of the machine costing \u20b9 1,25,000 accumulated depreciation thereon being \u20b9 50,000 was sold for \u20b9 45,000 during the year.<\/li>\n<li>Interest of \u20b9 1,25,000 was paid on Debentures.<\/li>\n<\/ol>\n<p>Calculate cash flows from <strong>Investing activities<\/strong> and <strong>Financing activities<\/strong> of Madhav Ltd. form the information provided above.<\/li>\n<\/ol>\n<p>Download the <a href=\"https:\/\/play.google.com\/store\/search?q=mycbseguide+app&amp;c=apps\"><strong>myCBSEguide App<\/strong><\/a> to unlock a wealth of study resources, practice questions, and <strong>sample papers<\/strong> for CBSE, NCERT, JEE (Main), NEET-UG, and NDA exams. This comprehensive app provides everything you need to prepare effectively and score high in your exams. Stay ahead of the curve with updated <strong>CBSE Class 12 Accountancy Sample Papers 2025<\/strong>, available on the <strong>myCBSEguide app<\/strong> with solutions and the official marking scheme.<\/p>\n<p>For educators, the <a href=\"https:\/\/play.google.com\/store\/search?q=Examin8&amp;c=apps\"><strong>Examin8 App<\/strong><\/a> allows you to easily create <strong>customized test papers<\/strong>, <strong>practice exams<\/strong>, and <strong>mock tests<\/strong> with your own name and logo, offering a personalized touch to your teaching materials. For students aiming for top marks in <strong>Class 12 Accountancy<\/strong>, the <strong>myCBSEguide app<\/strong> offers the most reliable <strong>sample papers<\/strong> and solutions for the <strong>2025 exams<\/strong>.<\/p>\n<p>Elevate your exam preparation with <strong><a href=\"https:\/\/mycbseguide.com\/\">myCBSEguide<\/a><\/strong> and <a href=\"https:\/\/examin8.com\/\"><strong>Examin8<\/strong><\/a> today!<\/p>\n<p style=\"text-align: center; page-break-before: always;\"><strong>Class 12 &#8211; Accountancy<br \/>\nSample paper &#8211; 01<\/strong><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><strong>Solution <\/strong><\/p>\n<ol style=\"padding-left: 20px;\">\n<li style=\"text-align: center; display: block;\"><b>Part A:- Accounting for Partnership Firms and Companies <\/b><\/li>\n<li>(a) <span class=\"math-tex\">{tex}\\frac 25{\/tex}<\/span><br \/>\n<b>Explanation: <\/b> <span class=\"math-tex\">{tex}\\frac 25{\/tex}<\/span><\/li>\n<li>(a) Agreement<br \/>\n<b>Explanation: <\/b> Agreement<\/li>\n<li style=\"clear: both;\">(b) 1,00,000 shares<br \/>\n<b>Explanation: <\/b> 12,00,000 \/ 12<br \/>\n=1,00,000 shares<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>(c) \u20b9 2,00,000 and \u20b9 3,50,000<br \/>\n<b>Explanation: <\/b> \u20b9 2,00,000 and \u20b9 3,50,000<br \/>\nAmount received on application = 5,000<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a040 = 2,00,000<br \/>\nAmount received on allotment = 5,000\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a070 (60+10(premium)) = 3,50,000<\/li>\n<li style=\"clear: both;\">(d) Credit \u20b9 4,000<br \/>\n<b>Explanation: <\/b> Credit \u20b9 4,000<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>(a) \u20b9 8,000<br \/>\n<b>Explanation: <\/b> Interest on Capital<br \/>\nAsha = <span class=\"math-tex\">{tex}300000 \\times \\frac{10}{100} \\Rightarrow 30000{\/tex}<\/span><br \/>\nDeepti <span class=\"math-tex\">{tex}= 200000 \\times \\frac{19}{100}=20000{\/tex}<\/span><br \/>\nTotel Interest on Copital <span class=\"math-tex\">{tex}\\Rightarrow{\/tex}<\/span> 30000 + 20000 = 50000<br \/>\nDipti Interest on capital <span class=\"math-tex\">{tex}=\\frac{20000}{50000} \\times 20000{\/tex}<\/span><br \/>\n= 8000<\/li>\n<li>(a)<br \/>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>L&#8217;s Capital\/Current A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u20b9 900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Interest on Drawings A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>\u20b9 900<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Explanation: <\/b><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>L&#8217;s Capital\/Current A\/c<\/td>\n<td>Dr.<\/td>\n<td>\u20b9 900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Interest on Drawings A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>\u20b9 900<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li style=\"clear: both;\">(c) \u20b9 2,00,000<br \/>\n<b>Explanation: <\/b> \u20b9 2,00,000 (2000&#215;100)<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>(c) \u20b9 1,00,000<br \/>\n<b>Explanation: <\/b> The Loss on Issue of Debentures Account will debited by:\u20b9 1,00,000<\/li>\n<li>(c) \u20b9 6<br \/>\n<b>Explanation: <\/b> \u20b9 6<br \/>\nShare capital account debited with called up amount = \u20b9 10 &#8211; 4 = \u20b9 6<\/li>\n<li style=\"clear: both;\">(d) \u20b9 20,000<br \/>\n<b>Explanation: <\/b> \u20b9 20,000<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>(d) \u20b9 2,400<br \/>\n<b>Explanation: <\/b> \u20b9 2,400<\/li>\n<li class=\"question-list\" style=\"clear: both;\"><b>(c)<\/b>\n<p style=\"display: inline;\">Option (ii)<\/p>\n<p><b>Explanation: <\/b><\/p>\n<p style=\"display: inline;\">6 months<\/p>\n<\/li>\n<li class=\"question-list\" style=\"clear: both;\"><b>(b)<\/b>\n<p style=\"display: inline;\">\u20b9 21,000<\/p>\n<p><b>Explanation: <\/b><\/p>\n<p style=\"display: inline;\">\u20b9 21,000<\/p>\n<p><strong>Ace Your Exams with the myCBSEguide App \u2013 Your Ultimate Study Resource<\/strong><\/p>\n<p>Download the <a href=\"https:\/\/play.google.com\/store\/search?q=mycbseguide+app&amp;c=apps\"><strong>myCBSEguide App<\/strong><\/a> today to access a wide range of <strong>study materials<\/strong>, <strong>practice questions<\/strong>, and <strong>sample papers<\/strong> for <strong>CBSE<\/strong>, <strong>NCERT<\/strong>, <strong>JEE (Main)<\/strong>, <strong>NEET-UG<\/strong>, and <strong>NDA<\/strong> exams. This all-in-one app offers comprehensive resources to help you prepare effectively and perform at your best. The <strong>Examin8 app<\/strong> lets teachers create personalized <strong>Class 12 Accountancy Sample Papers 2025<\/strong> tailored to their specific syllabus needs.<\/p>\n<p>For educators, the <a href=\"https:\/\/examin8.com\/\"><strong>Examin8 App<\/strong><\/a> enables you to design <strong>customized test papers<\/strong>, <strong>mock exams<\/strong>, and <strong>practice assessments<\/strong> with personalized branding, including your name and logo.<\/p>\n<p>Start preparing smarter and achieving better results with <strong><a href=\"https:\/\/mycbseguide.com\/\">myCBSEguid<\/a>e<\/strong> and <a href=\"https:\/\/examin8.com\/\"><strong>Examin8<\/strong><\/a> now! For comprehensive exam preparation, download <strong>CBSE Class 12 Accountancy Sample Paper 2025<\/strong> in <strong>PDF format<\/strong> from the <strong>myCBSEguide website<\/strong>.<\/li>\n<li>(d)<br \/>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Debit Amt. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Credit Amt. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(B)<\/td>\n<td>P&#8217;s Current A\/c<\/td>\n<td>Dr.<\/td>\n<td>3,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Q&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>2,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To R&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Explanation: <\/b><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Debit<br \/>\nAmt. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Credit<br \/>\nAmt. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>(B)<\/td>\n<td>P&#8217;s Current A\/c<\/td>\n<td>Dr.<\/td>\n<td>3,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Q&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>2,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To R&#8217;s Current A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Table showing Adjustment<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>P<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Q<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>R<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>firm<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Dr.<\/td>\n<td>Cr.<\/td>\n<td>Dr.<\/td>\n<td>Cr.<\/td>\n<td>Dr.<\/td>\n<td>Cr.<\/td>\n<td>Dr.<\/td>\n<td>Cr.<\/td>\n<\/tr>\n<tr>\n<td>Wrong interest on capital<br \/>\n@5% (10% &#8211; 5%)<\/td>\n<td>10,000<\/td>\n<td><\/td>\n<td>5,000<\/td>\n<td><\/td>\n<td>2,500<\/td>\n<td><\/td>\n<td><\/td>\n<td>17,500<\/td>\n<\/tr>\n<tr>\n<td>Rectify Profit<\/td>\n<td><\/td>\n<td>7,000<\/td>\n<td><\/td>\n<td>7,000<\/td>\n<td><\/td>\n<td>3,500<\/td>\n<td>17,500<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>10,000<\/strong><\/td>\n<td><strong>7,000<\/strong><\/td>\n<td><strong>5,000<\/strong><\/td>\n<td><strong>7,000<\/strong><\/td>\n<td><strong>2,500<\/strong><\/td>\n<td><strong>3,500<\/strong><\/td>\n<td><strong>17,500<\/strong><\/td>\n<td><strong>17,500<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>3,000<br \/>\nDr.<\/td>\n<td><\/td>\n<td><\/td>\n<td>2,000<br \/>\nCr.<\/td>\n<td><\/td>\n<td>1,000<br \/>\nCr.<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li>(c) Credited by \u20b9 500<br \/>\n<b>Explanation: <\/b> Credited by \u20b9 500<br \/>\nshare forfeiture account credited with the amount received from the shareholder<br \/>\n(100\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>(8 &#8211; 3) ) = \u20b9 500<\/li>\n<li>(b) \u20b9 3,200<br \/>\n<b>Explanation: <\/b> \u20b9 3,200<\/li>\n<li>(c) <span class=\"math-tex\">{tex}4 \\frac{1}{2}{\/tex}<\/span>\u00a0months<br \/>\n<b>Explanation: <\/b> <span class=\"math-tex\">{tex}4 \\frac{1}{2}{\/tex}<\/span>\u00a0months<\/li>\n<li style=\"clear: both;\">(d) \u20b9 30,000<br \/>\n<b>Explanation: <\/b> \u20b9 30,000<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>(c) 5 : 2<br \/>\n<b>Explanation: <\/b> 5 : 2<br \/>\nAt the time of death of a partner remaining\u00a0partner taken share of deceased partner in their old ratio.<\/li>\n<li>(b) \u20b9 80,000<br \/>\n<b>Explanation: <\/b> \u20b9 80,000<br \/>\n<strong>Amount debited to bank Account are :-<\/strong><br \/>\n= 2,00,000 &#8211; 1,00,000 (Half furniture taken over by partner)<br \/>\nRemaining furniture = 1,00,000<br \/>\n= 1,00,000 &#8211; (1,00,000\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span><span class=\"math-tex\">{tex}\\frac{20}{100}{\/tex}<\/span>)<br \/>\n= 1,00,000 &#8211; 20,000<br \/>\n= 80,000<\/li>\n<li><u><strong>Calculation of Interest on Capital<\/strong><\/u><br \/>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Rakshit<\/strong><\/td>\n<td><strong>(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Interest on Capital from 1 April 2021 to 30 Nov. 2021<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"math-tex\">{tex}\\frac{6}{100} \\times \\frac{8}{12} \\times{\/tex}<\/span> 1,20,000<\/td>\n<td>4,800<\/td>\n<\/tr>\n<tr>\n<td>Interest on Capital from 1 Dec. 2021 to 31 March 2022<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"math-tex\">{tex}\\frac{6}{100} \\times \\frac{4}{12} \\times{\/tex}<\/span> 2,00,000<\/td>\n<td>4,000<\/td>\n<\/tr>\n<tr>\n<td>Interest on Capital<\/td>\n<td>8,800<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Malik<\/strong><\/td>\n<td><strong>(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Interest on Capital from 1 April 2021 to 30 Nov. 2021<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"math-tex\">{tex}\\frac{6}{100} \\times \\frac{8}{12} \\times{\/tex}<\/span> 80,000<\/td>\n<td>3,200<\/td>\n<\/tr>\n<tr>\n<td>Interest on Capital from 1 Dec. 2021 to 31 March 2022<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span class=\"math-tex\">{tex}\\frac{6}{100} \\times \\frac{4}{12} \\times{\/tex}<\/span> 1,00,000 Interest on Capital<\/td>\n<td>2,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>5,200<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li style=\"clear: both;\">\n<p style=\"text-align: center;\"><strong>Profit and Loss Appropriation A\/c<br \/>\nfor the year ended 31.3.2023<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"3\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td style=\"text-align: right;\" colspan=\"3\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">To Partners\u2019 Current A\/c\u2019s<\/td>\n<td><\/td>\n<td colspan=\"2\">By Profit &amp; Loss A\/c (Net Profit)<\/td>\n<td>3,08,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">Interest on capital<\/td>\n<td><\/td>\n<td colspan=\"2\">By Partners\u2019 Current A\/c\u2019s<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Ravi<\/td>\n<td>60,000<\/td>\n<td><\/td>\n<td colspan=\"2\">Interest on drawings<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Kavi<\/td>\n<td>60,000<\/td>\n<td><\/td>\n<td>Ravi<\/td>\n<td>4,800<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Avi<\/td>\n<td>30,000<\/td>\n<td>1,50,000<\/td>\n<td>Kavi<\/td>\n<td>4,200<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">To Avi\u2019s Current A\/c\u2019s<\/td>\n<td><\/td>\n<td>Avi<\/td>\n<td>3,000<\/td>\n<td>12,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">Salary<\/td>\n<td>1,20,000<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">To Partners\u2019 Current A\/c\u2019s<\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">Divisible Profit<\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Ravi<\/td>\n<td>20,000<\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Kavi<\/td>\n<td>20,000<\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Avi<\/td>\n<td>10,000<\/td>\n<td>50,000<\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><strong>3,20,000<\/strong><\/td>\n<td colspan=\"2\"><\/td>\n<td><strong>3,20,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>Calculation of Percentage of Interest on Yogesh Drawings<br \/>\nAverage month =\u00a0<span class=\"math-tex\">{tex}\\frac{12+1}{2}{\/tex}<\/span>\u00a0=\u00a0<span class=\"math-tex\">{tex}\\frac{13}{2}{\/tex}<\/span>\u00a0= 6.5 month<br \/>\nInterest on Yogesh Drawings = Drawings\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0Percentage\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0<span class=\"math-tex\">{tex}\\frac{avg\\ month}{12}{\/tex}<\/span><br \/>\n15,600 = 20,000\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a012\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0<span class=\"math-tex\">{tex}\\frac{Percentage}{100}\\times\\frac{6.5}{12}{\/tex}<\/span><br \/>\nPercentage =\u00a0<span class=\"math-tex\">{tex}\\frac{15600\\times12\\times100}{20,000\\times12\\times6.5}{\/tex}<\/span><br \/>\n= 12%<br \/>\nCalculation of Percentage of Interest on Ram\u00a0Drawings<br \/>\nAverage month =\u00a0<span class=\"math-tex\">{tex}\\frac{11.5+0.5}{2}{\/tex}<\/span>\u00a0=\u00a0<span class=\"math-tex\">{tex}\\frac{12}{2}{\/tex}<\/span>\u00a0= 6\u00a0month<br \/>\nInterest on Ram Drawings = Drawings\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0Percentage\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0<span class=\"math-tex\">{tex}\\frac{avg\\ month}{12}{\/tex}<\/span><br \/>\n14,400 = 20,000\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a012\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0<span class=\"math-tex\">{tex}\\frac{Percentage}{100}\\times\\frac{6}{12}{\/tex}<\/span><br \/>\nPercentage =\u00a0<span class=\"math-tex\">{tex}\\frac{14400\\times12\\times100}{20,000\\times12\\times6}{\/tex}<\/span><br \/>\n= 12%<br \/>\nCalculation of Percentage of Interest on Rohit&#8217;s Drawings<br \/>\nAverage month =\u00a0<span class=\"math-tex\">{tex}\\frac{11+0}{2}{\/tex}<\/span>\u00a0=\u00a0<span class=\"math-tex\">{tex}\\frac{11}{2}{\/tex}<\/span>\u00a0= 5.5\u00a0month<br \/>\nInterest on Rohit Drawings = Drawings\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0Percentage\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0<span class=\"math-tex\">{tex}\\frac{avg\\ month}{12}{\/tex}<\/span><br \/>\n13,200 = 20,000\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a012\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0<span class=\"math-tex\">{tex}\\frac{Percentage}{100}\\times\\frac{5.5}{12}{\/tex}<\/span><br \/>\nPercentage =\u00a0<span class=\"math-tex\">{tex}\\frac{13200\\times12\\times100}{20,000\\times12\\times5.5}{\/tex}<\/span><br \/>\n= 12%<\/li>\n<li style=\"clear: both;\">\n<p style=\"text-align: center;\"><strong>In the books of Vels Ltd.<\/strong><br \/>\nJOURNAL ENTRIES<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Date<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>L.F.<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Dr. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Cr. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Fixed Assets A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>17,30,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Trade Payables A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>3,20,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Viaz Enterprises<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>12,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Capital Reserve A\/c (Balancing Figure)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2,10,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Assets purchased and liabilities taken over of Viaz Enterprises)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Viaz Enterprises<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>12,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Discount on Issue of Debentures A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>50,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Bills Payable A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>60,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Bank A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,90,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To 8% Debentures A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>10,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Issue of bank draft, acceptance of bill and issue of 8% Debentures in settlement of purchase consideration)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Working Note:<\/strong><br \/>\nNumber of Debentures Issued = 950000\/95= 10,000<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p style=\"text-align: center;\"><strong>JOURNAL<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Date<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>L.F.<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Dr. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Cr. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Share Capital A\/c (200 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0\u20b9 15)<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>3,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Forfeited Shares A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Calls-in-Arrears A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(200 shares forfeited due to non-payment of call money)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c (200 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> \u20b9 10)<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>2,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Forfeited Shares A\/c (200 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> \u20b9 5)<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Share Capital A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>3,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Reissue of forfeited shares as \u20b9 15 per share paid-up for payment of \u20b9 10 each)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Forfeited Shares A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Capital Reserve A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(Gain (profit) on reissue transferred to Capital Reserve)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li>Actual profits = \u20b9 3,00,000<br \/>\nCapitalised value of the firm = <span class=\"math-tex\">{tex}\\frac{Average\\ Profits}{ Normal\\ rate\\ of\\ return}{\/tex}<\/span>\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u00a0100<br \/>\n= \u20b9\u00a0<span class=\"math-tex\">{tex}\\frac { 3,00,000} { 15 }{\/tex}<\/span>\u00a0<span class=\"math-tex\">{tex} \\times{\/tex}<\/span>\u00a0100\u00a0= \u20b9 20,00,000<br \/>\nNet Assets = Assets \u2013 Liabilities<br \/>\n= \u20b9 17,00,000 \u2013 \u20b9 2,00,000 = \u20b9 15,00,000<br \/>\nGoodwill = Capitalised value of the firm \u2013 Capital Employed<br \/>\n= \u20b9 20,00,000 &#8211; \u20b9 15,00,000 = \u20b9\u00a05,00,000<br \/>\nGet the <strong><a href=\"https:\/\/play.google.com\/store\/search?q=mycbseguide+app&amp;c=apps\">myCBSEguide<\/a> App<\/strong> today and access an extensive collection of <strong>study resources<\/strong>, <strong>practice questions<\/strong>, and <strong>mock exams<\/strong> for <strong>CBSE<\/strong>, <strong>NCERT<\/strong>, <strong>JEE (Main)<\/strong>, <strong>NEET-UG<\/strong>, and <strong>NDA<\/strong> exams. The app offers everything you need to strengthen your concepts, track your progress, and boost your exam performance. Students preparing for the <strong>2025 CBSE<\/strong>\u00a0<strong>Class 12 Accountancy Sample Paper 2025<\/strong> in the app to boost their confidence.Teachers can also use the <strong><a href=\"https:\/\/play.google.com\/store\/search?q=Examin8&amp;c=apps\">Examin8<\/a> App<\/strong> to create <strong>personalized exam papers<\/strong>, <strong>practice tests<\/strong>, and <strong>mock assessments<\/strong> with their own name, logo, and branding.Take charge of your exam preparation with <a href=\"https:\/\/mycbseguide.com\/\"><strong>myCBSEguide<\/strong><\/a> and <a href=\"https:\/\/examin8.com\/\"><strong>Examin8<\/strong><\/a>\u2014download now and start preparing smarter! Get your hands on the latest <strong>Class 12 Accountancy Sample Paper 2025<\/strong> to practice and improve your exam strategy, available for free on <strong>myCBSEguide<\/strong>.<\/li>\n<li>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th scope=\"col\">Basis<\/th>\n<th scope=\"col\">Preference Shares<\/th>\n<th scope=\"col\">Equity shares<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Dividend rate<\/td>\n<td>Preference share holders are paid dividend at a fixed rate.<\/td>\n<td>The rate of dividend on equity shares vary from year to year depending upon profits<\/td>\n<\/tr>\n<tr>\n<td>Redemption dividend<\/td>\n<td>They can be redeemed<\/td>\n<td>They can\u2019t be redeemed.<\/td>\n<\/tr>\n<tr>\n<td>Payment of dividend<\/td>\n<td>These shares have a Preferential right to receive dividend before any dividend is paid on equity shares.<\/td>\n<td>Payment of dividend is made after paying to Preference share holders.<\/td>\n<\/tr>\n<tr>\n<td>Arrears of Dividend<\/td>\n<td>Get accumulated for cumulative preference shares<\/td>\n<td>No accumulation<\/td>\n<\/tr>\n<tr>\n<td>Winding up<\/td>\n<td>Have a right to return of capital before equity shares . This means they are safer.<\/td>\n<td>Only paid when preference share capital is paid fully<\/td>\n<\/tr>\n<tr>\n<td>Voting Rights<\/td>\n<td>No voting rights<\/td>\n<td>Voting rights<\/td>\n<\/tr>\n<tr>\n<td>Right to participate in Management<\/td>\n<td>Have no right<\/td>\n<td>Have right<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li>\n<p style=\"text-align: center;\"><strong>Realisation A\/c<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Dr<\/strong><\/td>\n<td colspan=\"3\" rowspan=\"1\"><\/td>\n<td style=\"text-align: right;\"><strong>Cr<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Land &amp; Building A\/c<\/td>\n<td>3,50,000<\/td>\n<td>By Provision for Doubtful Debts A\/c<\/td>\n<td><\/td>\n<td>10,000<\/td>\n<\/tr>\n<tr>\n<td>To Stock A\/c<\/td>\n<td>3,00,000<\/td>\n<td>By Creditors A\/c<\/td>\n<td><\/td>\n<td>70,000<\/td>\n<\/tr>\n<tr>\n<td>To Debtors A\/c<\/td>\n<td>2,00,000<\/td>\n<td>By Mrs. Chand\u2019s Loan<\/td>\n<td><\/td>\n<td>20,000<\/td>\n<\/tr>\n<tr>\n<td>To Ravi\u2019s Capital A\/c<\/td>\n<td>20,000<\/td>\n<td>By Cash A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Cash (Remaining creditor)<\/td>\n<td>40,000<\/td>\n<td>Land &amp; Building\u00a0and stock<\/td>\n<td>6,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Debtors<\/td>\n<td><u>1,80,000<\/u><\/td>\n<td>7,80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>By Loss transferred to<br \/>\nPartners\u2019 Capital A\/c\u2019s:<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Ravi<\/td>\n<td>15,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Kavi<\/td>\n<td>9,000<\/td>\n<td>30,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Chand<\/td>\n<td><u>6,000<\/u><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>9,10,000<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><strong>9,10,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li style=\"clear: both;\">\n<p style=\"text-align: center;\"><strong>Zee Ltd.<br \/>\nJournal<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Date<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>L.F.<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Dr. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Cr. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>24,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Application A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>24,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Application money received on 6,00,000 shares)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Equity Share Application A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>24,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Capital A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>6,80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Securities Premium Reserve A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>6,80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Allotment A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>3,20,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Bank A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>7,20,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Application money adjusted towards capital, share allotment, premium and excess refunded)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Equity Share Allotment A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>17,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Capital A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>10,20,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Securities Premium Reserve A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>6,80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Allotment money due including premium)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>14,20,800<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Allotment A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>13,80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Calls in Advance<\/td>\n<td><\/td>\n<td><\/td>\n<td>40,800<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Allotment money received except on 1,700 shares and advance received of first and final call)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\" colspan=\"2\"><strong>OR<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>14,13,900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Calls in arrears A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>6,900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Allotment A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>13,80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Calls in Advance A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>40,800<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Allotment money received except on 1,700 shares)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><strong>Alternate entry:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>13,73,100<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Calls in arrears A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>6,900<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Allotment A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>13,80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Allotment money received)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Equity Share Capital A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>8,500<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Securities Premium Reserve A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>3,400<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Share Forfeiture A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>5,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Allotment A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>6,900<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Yamini\u2019s shares forfeited for non payment of allotment money)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><strong>Alternatively:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Equity Share Capital A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>8,500<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Securities Premium Reserve A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>3,400<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Share Forfeiture A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>5,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Calls in arrears A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>6,900<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Yamini\u2019s shares forfeited for non payment of allotment money)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Equity Share First and Final call A\/c (3,38,300<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>6)<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>20,29,800<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Capital A\/c (3,38,300<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>5)<\/td>\n<td><\/td>\n<td><\/td>\n<td>16,91,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Securities Premium Reserve A\/c (3,38,500<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>1)<\/td>\n<td><\/td>\n<td><\/td>\n<td>3,38,300<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Share First and final call due)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>19,89,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Calls in advance A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>40,800<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share First and Final call A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>20,29,800<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(First and final call money received except on 6,800 shares)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><strong>Alternate entry:<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>20,29,800<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share First and Final call A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>20,29,800<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(First and final call money received except on 6,800 shares)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>6,800<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Share Forfeiture A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,700<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Equity Share Capital A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>8,500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Shares reissued for \u20b9 8 per share fully paid)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Share Forfeiture A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>800<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">To Capital Reserve A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>800<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">(Gain on reissue of forfeited shares transferred to capital reserve)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p><strong>Working Note:<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Shares applied<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Shares applied<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Money received n application @ \u20b9\u00a03<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Money transferred to share capital <\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Excess Money adjusted in allotment<\/strong><\/td>\n<\/tr>\n<tr>\n<td>90,000<\/td>\n<td>40,000<\/td>\n<td>2,70,000<\/td>\n<td>1,20,000<\/td>\n<td>1,20,000<\/td>\n<\/tr>\n<tr>\n<td>50,000<\/td>\n<td>40,000<\/td>\n<td>1,50,000<\/td>\n<td>1,20,000<\/td>\n<td>30,000<\/td>\n<\/tr>\n<tr>\n<td>20,000<\/td>\n<td>20,000<\/td>\n<td>60,000<\/td>\n<td>60,000<\/td>\n<td>____<\/td>\n<\/tr>\n<tr>\n<td><strong>1,60,000<\/strong><\/td>\n<td><strong>1,00,000<\/strong><\/td>\n<td><strong>4,80,000<\/strong><\/td>\n<td><strong>3,00,000<\/strong><\/td>\n<td><strong>1,50,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li><strong>Calculation of Calls-in-arrears on Mayank&#8217;s Shares<\/strong><br \/>\nAllotment due (1,200 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> 3) = 3,600<br \/>\n(-) Excess on application (1,500 &#8211; 1200)\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span> 3\u00a0= (900)<br \/>\n= \u20b9 2,700<\/li>\n<li><strong>Calculation of Calls-in-arrears on First Call<\/strong><br \/>\nAmount due (2,000 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> 3) = 6,000<br \/>\n(-) Excess on application<br \/>\nAdjusted on allotment (1,800 &#8211; 800) <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> 3 &#8211; 2,400 = (600)<br \/>\n= \u20b9 5,400<\/li>\n<li><strong>Calculation of Amount Forfeited<\/strong><br \/>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>Mayank (1,500 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> 3)<\/td>\n<td><\/td>\n<td>4,500<\/td>\n<\/tr>\n<tr>\n<td>Kavita (1,800 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> 3)<\/td>\n<td>5,400<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>(-) Excess adjusted<\/td>\n<td>(<u>800<\/u>)<\/td>\n<td><u>4,600<\/u><\/td>\n<\/tr>\n<tr>\n<td>Total amount forfeited<\/td>\n<td><\/td>\n<td><strong>9,100<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong>JOURNAL ENTRIES<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Date<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>L.F.<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Dr. (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Cr. (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c (1,60,000 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> 3)<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">4,80,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Equity Share Application A\/c<br \/>\n(Being application money received)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">4,80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Equity Share Application A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">4,80,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Equity Share Capital A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">3,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Equity Share Allotment A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">1,50,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Calls-in-advance A\/c<br \/>\n(Being application money transferred to share capital account)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">30,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Equity Share Allotment A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">3,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Equity Share Capital A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">2,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Securities Premium Reserve A\/c<br \/>\n(Being allotment money due)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">1,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">1,47,300<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Calls-in-arrears A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">2,700<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Equity Share Allotment A\/c<br \/>\n(Being allotment money received except on 1,200 shares)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">1,50,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Equity Share First Call A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">3,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Equity Share Capital A\/c<br \/>\n(Being first call money due)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">3,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">2,64,600<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Calls-in-advance A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">30,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Calls-in-arrears A\/c (\u20b9 3,600 + \u20b9 1,800)<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">5,400<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Equity Share First Call A\/c<br \/>\n(Being second and final call money received)<\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">3,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Equity Share Second and Final Call A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">2,00,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Equity Share Capital A\/c<br \/>\n(Being second and final call money due)<\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">2,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">1,96,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Calls-in-arrears A\/c (2,000\u00a0<span class=\"math-tex\">{tex}\\times{\/tex}<\/span>\u20b9 2)<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">4,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Equity Share Second and Final Call A\/c<br \/>\n(Being second and final call money received)<\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">2,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Share Capital A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Securities Premium Reserve A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">1,200<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Calls-in-arrears A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">12,100<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Share Forfeiture A\/c<br \/>\n(Being 2,400 shares forfeited)<\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">9,100<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Bank A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">14,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Share forfeited A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">6,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Share Capital A\/c<br \/>\n(Being 2,000 forfeited share re-issued)<\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Share forfeited A\/c<\/td>\n<td>Dr<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">3,100<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>To Capital Reserve A\/c<br \/>\n(Being forfeited amount transfer to capital reserve)<\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">3,100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li style=\"clear: both;\">\n<p style=\"text-align: center;\"><strong>Revaluation A\/c<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"3\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Creditors<\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<td>By Outstanding Expenses<\/td>\n<td><\/td>\n<td>18,000<\/td>\n<\/tr>\n<tr>\n<td>To Unforeseen Liability<\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<td>By Loss on Revaluation Transferred to<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Alfa&#8217;s Capital A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Beta&#8217;s Capital A\/c<\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>11,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>40,000<\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">40,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\">\u00a0<strong>Partner&#8217;s Capital A\/c<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"4\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"3\" rowspan=\"1\"><\/td>\n<td style=\"text-align: center;\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Alfa Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Beta Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Gama Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Alfa Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Beta Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Gama Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Beta&#8217;s Capital<\/td>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">30,000<\/td>\n<td>By Balance c\/d<\/td>\n<td style=\"text-align: center;\">5,00,000<\/td>\n<td style=\"text-align: center;\">6,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Revaluation A\/c<\/td>\n<td style=\"text-align: center;\">11,000<\/td>\n<td style=\"text-align: center;\">11,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td>By Workmen&#8217;s\u00a0Compensation Fund\u00a0A\/c<\/td>\n<td style=\"text-align: center;\">13,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td>To P &amp; L A\/c<\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td>By Cash<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">4,00,000<\/td>\n<\/tr>\n<tr>\n<td>To Balance c\/d<\/td>\n<td style=\"text-align: center;\">4,82,000<\/td>\n<td style=\"text-align: center;\">6,12,000<\/td>\n<td style=\"text-align: center;\">3,70,000<\/td>\n<td>By Gama&#8217;s Capital A\/c<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">30,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\">5,13,000<\/td>\n<td style=\"text-align: center;\">6,43,000<\/td>\n<td style=\"text-align: center;\">4,00,000<\/td>\n<td><\/td>\n<td>5,13,000<\/td>\n<td style=\"text-align: center;\">6,43,000<\/td>\n<td style=\"text-align: center;\">4,00,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Balance Sheet<\/strong><br \/>\nas on 1st April, 2013<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Liabilities<\/strong><\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<td><strong>Assets<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Outstanding Expenses (30,000 &#8211; 18,000)<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">12,000<\/td>\n<td>Cash<\/td>\n<td style=\"text-align: center;\">500,000<\/td>\n<\/tr>\n<tr>\n<td>Creditors<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">3,20,000<\/td>\n<td><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td>Workmen Compensation Fund<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">30,000<\/td>\n<td>Sundry Debtors<\/td>\n<td style=\"text-align: center;\">7,60,000<\/td>\n<\/tr>\n<tr>\n<td>Unforeseen Liability<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<td>Stock<\/td>\n<td style=\"text-align: center;\">2,00,000<\/td>\n<\/tr>\n<tr>\n<td>Capital A\/cs<\/td>\n<td><\/td>\n<td><\/td>\n<td>Machinery<\/td>\n<td style=\"text-align: center;\">3,86,000<\/td>\n<\/tr>\n<tr>\n<td>Alfa<\/td>\n<td>\u00a04,82,000<\/td>\n<td><\/td>\n<td>Gama&#8217;s current A\/C<\/td>\n<td style=\"text-align: center;\">30,000<\/td>\n<\/tr>\n<tr>\n<td>Beta<\/td>\n<td>6,12,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Game<\/td>\n<td>4,00,000<\/td>\n<td style=\"text-align: center;\">14,94,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td style=\"text-align: center;\">19,16,000<\/td>\n<td><\/td>\n<td>19,16,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Value conveyed by the partners is care and concern towards differently abled persons.<br \/>\n<strong>Working Note<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Cash A\/c<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Balance b\/d<\/td>\n<td style=\"text-align: center;\">1,00,000<\/td>\n<td>By Creditors (3,00,000 + 20,000)<\/td>\n<td style=\"text-align: center;\">3,20,000<\/td>\n<\/tr>\n<tr>\n<td>To Gama&#8217;s Capital A\/c<\/td>\n<td style=\"text-align: center;\">4,00,000<\/td>\n<td>By Balance c\/d<\/td>\n<td style=\"text-align: center;\">1,80,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\">5,00,000<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">5,00,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Calculation of Sacrificing Ratio<br \/>\nSacrificing Ratio = Old Share &#8211; New Share<br \/>\nAlfa =\u00a0<span class=\"math-tex\">{tex}\\frac { 1 } { 2 } &#8211; \\frac { 3 } { 6 } = \\frac { 3 &#8211; 3 } { 6 } = \\text { Nil, Beta } = \\frac { 1 } { 2 } &#8211; \\frac { 2 } { 6 } = \\frac { 3 &#8211; 2 } { 6 } = \\frac { 1 } { 6 }{\/tex}<\/span><\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p style=\"text-align: center;\"><strong>Revaluation Account<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td>\n<p style=\"text-align: center;\"><strong>Amount<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>(Rs)<\/strong><\/p>\n<\/td>\n<td><strong>Particulars<\/strong><\/td>\n<td>\n<p style=\"text-align: center;\"><strong>Amount<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>(Rs)<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>To Workmen&#8217;s Compensation Claim A\/c<\/td>\n<td style=\"text-align: center;\">12,000<\/td>\n<td>By Provision for Bad Debts A\/c<\/td>\n<td style=\"text-align: center;\">2,000<\/td>\n<\/tr>\n<tr>\n<td>To Investment A\/c<\/td>\n<td style=\"text-align: center;\">30,000<\/td>\n<td>By Loss Transferred to Capital A\/cs<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Lokesh\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 20,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Mansoor\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a012,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Nihal\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a08,000<\/td>\n<td style=\"text-align: center;\">40,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\">42,000<br \/>\n=====<\/td>\n<td><\/td>\n<td style=\"text-align: center;\">42,000<br \/>\n======<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Partners\u2019 Capital Account<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Lokesh <\/strong><br \/>\n<strong>Amount<\/strong><br \/>\n<strong>(Rs)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Mansoor <\/strong><br \/>\n<strong>Amount<\/strong><br \/>\n<strong>(Rs)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Nihal <\/strong><br \/>\n<strong>Amount<\/strong><br \/>\n<strong>(Rs)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Lokesh <\/strong><br \/>\n<strong>Amount<\/strong><br \/>\n<strong>(Rs)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Mansoor <\/strong><br \/>\n<strong>Amount<\/strong><br \/>\n<strong>(Rs)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Nihal <\/strong><br \/>\n<strong>Amount<\/strong><br \/>\n<strong>(Rs)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Profit and Loss A\/c<\/td>\n<td style=\"text-align: center;\">10,000<\/td>\n<td style=\"text-align: center;\">6,000<\/td>\n<td style=\"text-align: center;\">4,000<\/td>\n<td>By Balance b\/d<\/td>\n<td style=\"text-align: center;\">1,40,000<\/td>\n<td style=\"text-align: center;\">80,000<\/td>\n<td style=\"text-align: center;\">50,000<\/td>\n<\/tr>\n<tr>\n<td>To Goodwill A\/c<\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<td style=\"text-align: center;\">12,000<\/td>\n<td style=\"text-align: center;\">8,000<\/td>\n<td>By Lokesh&#8217;s Capital A\/c<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">21,857<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td>To Revaluation A\/c (Loss)<\/td>\n<td style=\"text-align: center;\">20,000<\/td>\n<td style=\"text-align: center;\">12,000<\/td>\n<td style=\"text-align: center;\">8,000<\/td>\n<td>By Nihal&#8217;s Capital A\/c<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">8,743<\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td>To Mansoor&#8217;s Capital A\/c<\/td>\n<td style=\"text-align: center;\">21,857<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">8,743<\/td>\n<td>By Cash A\/c(Balancing Figure)<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">4,286<\/td>\n<\/tr>\n<tr>\n<td>To Cash A\/c<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">20,600<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td>To Mansoor&#8217;s Loan A\/c<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">60,000<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td>To Cash A\/c(Balancing Figure)<\/td>\n<td style=\"text-align: center;\">4,286<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td>To Balance c\/d<\/td>\n<td style=\"text-align: center;\">63,857<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">25,543<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">1,40,000<br \/>\n=======<\/td>\n<td style=\"text-align: center;\">1,10,600<br \/>\n======<\/td>\n<td style=\"text-align: center;\">54,286<br \/>\n=====<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\">1,40,000<br \/>\n======<\/td>\n<td style=\"text-align: center;\">1,10,600<br \/>\n=======<\/td>\n<td style=\"text-align: center;\">54,286<br \/>\n======<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Working Note:<\/strong>Whenever a partner exits a partnership, the books of accounts of such a firm have to be settled. The outgoing partner or his legal representatives have to be paid their dues. This means a revaluation of assets and liabilities must be done. Share of goodwill is to be calculated, and the adjusted capital after retirement is to be calculated.<br \/>\n<strong>Calculation of Share of Goodwill <\/strong><br \/>\nMansoor\u2019s share of goodwill = 1,02,000 <span class=\"math-tex\">{tex}\\times \\frac { 3} { 10 } {\/tex}<\/span>= Rs 30,600, to be contributed by Lokesh and Nihal in gaining ratio i.e., 5 : 2<br \/>\nLokesh will pay = 30,600 <span class=\"math-tex\">{tex}\\times \\frac { 5 } { 7 } {\/tex}<\/span>\u00a0= Rs 21,857; Nihal will pay = 30,600 <span class=\"math-tex\">{tex}\\times \\frac { 2 } { 7 } {\/tex}<\/span>= Rs 8,743<br \/>\n<strong>Calculation of Capital of New Firm after Mansoor\u2019s Retirement<\/strong><br \/>\nLokesh\u2019s capital after adjustment = 68,143<br \/>\nNihal\u2019s capital after adjustment = 21,257<br \/>\nTotal Capital =\u00a089,400<br \/>\nLokesh\u2019s new capital = 89,400 <span class=\"math-tex\">{tex}\\times \\frac 57{\/tex}<\/span>= Rs 63,857<br \/>\nNihal\u2019s new capital = 89,400 <span class=\"math-tex\">{tex}\\times \\frac 27{\/tex}<\/span>\u00a0= Rs 25,543<\/li>\n<li>\n<p style=\"text-align: center;\"><strong>REVALUATION ACCOUNT<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td colspan=\"2\" rowspan=\"1\"><strong>Dr.<\/strong><\/td>\n<td style=\"text-align: right;\" colspan=\"3\" rowspan=\"1\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>(\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">To Furniture<\/td>\n<td style=\"text-align: right;\">3,000<\/td>\n<td>By Stock<\/td>\n<td style=\"text-align: right;\">48,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">To Provision for doubtful debts<\/td>\n<td style=\"text-align: right;\">5,000<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">To Profit transferred to partners capital A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Radha\u2019s Capital A\/c<\/td>\n<td style=\"text-align: right;\">24,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Manas\u2019s Capital A\/c<\/td>\n<td style=\"text-align: right;\">8,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Arnav\u2019s Capital A\/c<\/td>\n<td style=\"text-align: right;\"><u>8,000<\/u><\/td>\n<td style=\"text-align: right;\"><u>40,000<\/u><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td style=\"text-align: right;\"><u><strong>48,000<\/strong><\/u><\/td>\n<td><\/td>\n<td style=\"text-align: right;\"><u><strong>48,000<\/strong><\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Partner&#8217;s Capital Account\u00a0<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Dr.<\/strong><\/td>\n<td colspan=\"6\" rowspan=\"1\"><\/td>\n<td style=\"text-align: right;\"><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Radha (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Manas (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Arnav (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Radha (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Manas (\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Arnav (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Manas\u2019s Capital A\/c<\/td>\n<td style=\"text-align: right;\">30,000<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\">10,000<\/td>\n<td>By balance b\/d<\/td>\n<td style=\"text-align: right;\">4,00,000<\/td>\n<td style=\"text-align: right;\">3,00,000<\/td>\n<td style=\"text-align: right;\">2,00,000<\/td>\n<\/tr>\n<tr>\n<td>To Cash A\/c<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\">68,000<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td>By Investment Fluctuation Reserve<\/td>\n<td style=\"text-align: right;\">60,000<\/td>\n<td style=\"text-align: right;\">20,000<\/td>\n<td style=\"text-align: right;\">20,000<\/td>\n<\/tr>\n<tr>\n<td>To Manas\u2019s loan<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\">3,00,000<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td>By Revaluation A\/c<\/td>\n<td style=\"text-align: right;\">24,000<\/td>\n<td style=\"text-align: right;\">8,000<\/td>\n<td style=\"text-align: right;\">8,000<\/td>\n<\/tr>\n<tr>\n<td>To Balance c\/d<\/td>\n<td style=\"text-align: right;\">4,54,000<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\">2,18,000<\/td>\n<td>By Radha Capital A\/c<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\">30,000<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>By Arnav Capital A\/c<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\"><u>10,000<\/u><\/td>\n<td style=\"text-align: right;\">____<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: right;\"><u><strong>4,84,000<\/strong><\/u><\/td>\n<td style=\"text-align: right;\"><u><strong>3,68,000<\/strong><\/u><\/td>\n<td style=\"text-align: right;\"><u><strong>2,28,000<\/strong><\/u><\/td>\n<td><\/td>\n<td><u><strong>4,84,000<\/strong><\/u><\/td>\n<td><u><strong>3,68,000<\/strong><\/u><\/td>\n<td><u><strong>2,28,000<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td>To Arnav\u2019s Current A\/c<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\">50,000<\/td>\n<td>By balance b\/d<\/td>\n<td style=\"text-align: right;\">4,54,000<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\">2,18,000<\/td>\n<\/tr>\n<tr>\n<td>To balance c\/d<\/td>\n<td style=\"text-align: right;\"><u>5,04,000<\/u><\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\"><u>1,68,000<\/u><\/td>\n<td>By Radha\u2019s current A\/c<\/td>\n<td style=\"text-align: right;\">50,000<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<td style=\"text-align: right;\">____<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"text-align: right;\"><u><strong>5,04,000<\/strong><\/u><\/td>\n<td style=\"text-align: right;\"><\/td>\n<td style=\"text-align: right;\"><u><strong>2,18,000<\/strong><\/u><\/td>\n<td><\/td>\n<td style=\"text-align: right;\"><u><strong>5,04,000<\/strong><\/u><\/td>\n<td style=\"text-align: right;\"><\/td>\n<td style=\"text-align: right;\"><u><strong>2,18,000<\/strong><\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Balance Sheet of the reconstituted firm<br \/>\nas on 1<sup>st<\/sup> April 2019<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\"><strong>Liabilities<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>(\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\" colspan=\"2\"><strong>Assets<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><strong>Capital A\/c of partners<\/strong><\/td>\n<td><\/td>\n<td colspan=\"2\">Furniture<\/td>\n<td style=\"text-align: right;\">4,57,000<\/td>\n<\/tr>\n<tr>\n<td>Radha<\/td>\n<td style=\"text-align: right;\">5,04,000<\/td>\n<td><\/td>\n<td colspan=\"2\">Investments<\/td>\n<td style=\"text-align: right;\">1,90,000<\/td>\n<\/tr>\n<tr>\n<td>Arnav<\/td>\n<td style=\"text-align: right;\"><u>1,68,000<\/u><\/td>\n<td style=\"text-align: right;\">6,72,000<\/td>\n<td colspan=\"2\">Stock<\/td>\n<td style=\"text-align: right;\">2,88,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">Manas\u2019s Loan<\/td>\n<td style=\"text-align: right;\">3,00,000<\/td>\n<td>Debtors<\/td>\n<td style=\"text-align: right;\">2,20,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">Arnav\u2019s Current A\/c<\/td>\n<td style=\"text-align: right;\">50,000<\/td>\n<td>Less Provision for doubtful debts<\/td>\n<td style=\"text-align: right;\"><u>(15,000)<\/u><\/td>\n<td style=\"text-align: right;\">2,05,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">Creditors<\/td>\n<td style=\"text-align: right;\">2,50,000<\/td>\n<td colspan=\"2\">Cash<\/td>\n<td style=\"text-align: right;\">82,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td colspan=\"2\">Radha\u2019s Current A\/c<\/td>\n<td style=\"text-align: right;\"><u>50,000<\/u><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td style=\"text-align: right;\"><u><strong>12,72,000<\/strong><\/u><\/td>\n<td colspan=\"2\"><\/td>\n<td style=\"text-align: right;\"><u><strong>12,72,000<\/strong><\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Adjusted Capital of:<br \/>\nArnav\u00a0= \u20b9 4,54,000<br \/>\nRadha = \u20b9 2,18,000<br \/>\nTotal\u00a0= \u20b9 6,72,000<br \/>\nArnav&#8217;s capital = \u20b9 6,72,000 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> <span class=\"math-tex\">{tex}\\frac 34{\/tex}<\/span> = \u20b9 5,04,000<br \/>\nRadha&#8217;s capital = \u20b9 6,72,000 <span class=\"math-tex\">{tex}\\times{\/tex}<\/span> <span class=\"math-tex\">{tex}\\frac 14{\/tex}<\/span> = \u20b9 1,68,000<\/li>\n<li>case (a)<br \/>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particular<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>L.F<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Dr(\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Cr(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>5,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" rowspan=\"1\">To Debenture Application and Allotment A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>5,00,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">(Debenture Issued at par)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Debenture Application &amp; Allotment A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>5,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" rowspan=\"1\">To 9% Debenture A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>5,00,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">(Debenture amount transferred)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>case (b)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particular<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>L.F<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Dr(\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Cr(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>3,88,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" rowspan=\"1\">To Debenture Application &amp; Allotment A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>3,88,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">(amount received on application and allotment)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Debenture Application &amp; Allotment<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>3,88,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Discount on Issue of Debenture A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>12,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Loss on Issue of Debenture A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>40,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" rowspan=\"1\">To 9% Debenture A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td>4,00,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" rowspan=\"1\">To Premium on Redemption<\/td>\n<td><\/td>\n<td><\/td>\n<td>40,000<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">(amount transferred to 9% debenture)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>case (c)<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Particular<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>L.F<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Dr(\u20b9)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Cr(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Bank A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>12,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To Debenture Application &amp; Allotment<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>12,00,000<\/td>\n<\/tr>\n<tr>\n<td>(amount received on application and allotment)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Debenture Application &amp; Allotment A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>12,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Loss on Issue of Debenture A\/c<\/td>\n<td>Dr.<\/td>\n<td><\/td>\n<td>1,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>To 9% Debenture A\/c<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>10,00,000<\/td>\n<\/tr>\n<tr>\n<td>To Premium on Redemption<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,00,000<\/td>\n<\/tr>\n<tr>\n<td>To Security Premium<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2,00,000<\/td>\n<\/tr>\n<tr>\n<td>(amount transferred to 9% debenture)<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<li style=\"text-align: center; display: block;\"><b>Part B :- Analysis of Financial Statements <\/b><\/li>\n<li style=\"clear: both;\">(c) Time Series Analysis<br \/>\n<b>Explanation: <\/b> Horizontal analysis is a time series analysis because it shows comparison of financial data for several years.<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>(d) Financial Statements<br \/>\n<b>Explanation: <\/b> financial statements as it tells about financial performance and position<\/li>\n<li>(c) Capital Advances<br \/>\n<b>Explanation: <\/b> Capital Advances<\/li>\n<li style=\"clear: both;\">(c) Cash deposited into Bank \u20b9 12,50,000<br \/>\n<b>Explanation: <\/b> Cash deposited into Bank \u20b9 12,50,000<\/p>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p>(b) (i) and (iii)<br \/>\n<b>Explanation: <\/b> (i) and (iii)<\/li>\n<li>(c) Cash used in Investing Activities \u20b9 6,80,000.<br \/>\n<b>Explanation: <\/b> Cash used in Investing Activities \u20b9 6,80,000.<br \/>\n= 7,00,000(amount paid for purchase of share) &#8211; 20,000 (dividend received on share)<br \/>\n= 6,80,000<\/li>\n<li>the process is Analysis of financial statements.<br \/>\nObjectives of Analysis of financial statements:<\/p>\n<ol style=\"list-style-type: lower-roman;\" start=\"1\">\n<li>to assess the current profitability and operational efficiency of the firm as a whole as well as its different departments so as to judge the financial health of the firm.<\/li>\n<li>to ascertain the relative importance of different components of the financial position of the firm.<\/li>\n<\/ol>\n<\/li>\n<li>Current Ratio\u00a0<span class=\"math-tex\">{tex}=\\frac{\\text { Current Assets }}{\\text { Current Liabilities }}{\/tex}<\/span><br \/>\nCurrent Assets =\u00a0\u20b9 2,00,000<br \/>\nCurrent Assets after the payment is\u00a0\u20b9 2,00,000 &#8211; \u20b9 40,000 = \u20b9 1,60,000<br \/>\ncurrent ratio is 2 : 1, therefore,<br \/>\nCurrent Liabilities\u00a0<span class=\"math-tex\">{tex}=\\frac{\u20b9 1,60,000}{2}{\/tex}<\/span>\u00a0=\u00a0\u20b9 80,000<br \/>\nWorking Capital = Current Assets &#8211; Current Liabilities<br \/>\n= \u20b9 1,60,000 &#8211; \u20b9 80,000 = \u20b9 80,000<br \/>\nCurrent liabilities before the payment of \u20b9 40,000 must be \u20b9 80,000 + \u20b9 40,000 = \u20b9 1,20,000<br \/>\nWorking capital before the payment of \u20b9 40,000 must be \u20b9 2,00,000 &#8211; \u20b9 1,20,000 = \u20b9 80,000<\/li>\n<li style=\"clear: both;\">\n<p style=\"text-align: center;\"><strong>X Ltd.<\/strong><br \/>\nCOMPARATIVE BALANCE SHEET OF X LTD.<br \/>\nas at 31st March, 2022 and 2023<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th colspan=\"2\" rowspan=\"1\" scope=\"col\">Particulars<\/th>\n<th scope=\"col\">Note No.<\/th>\n<th scope=\"col\">31st March, 2022 (\u20b9)<\/th>\n<th scope=\"col\">31st March, 2023 (\u20b9)<\/th>\n<th scope=\"col\">Absolute change (Increase\/Decrease)<\/th>\n<th scope=\"col\">Percentage Change (Increase\/Decrease)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>I.<\/strong><\/td>\n<td><strong>EQUITY AND LIABILITIES<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>1.<\/strong><\/td>\n<td><strong>Shareholders&#8217; Funds<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(a) Share Capital<\/td>\n<td><\/td>\n<td>25,00,000<\/td>\n<td>25,00,000<\/td>\n<td>____<\/td>\n<td>____<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(b) Reserves and Surplus<\/td>\n<td><\/td>\n<td>10,00,000<\/td>\n<td>6,00,000<\/td>\n<td>(4,00,000)<\/td>\n<td>(40.00)<\/td>\n<\/tr>\n<tr>\n<td><strong>2.<\/strong><\/td>\n<td><strong>Non-Current Liabilities<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Long-term Borrowings<\/td>\n<td><\/td>\n<td>15,00,000<\/td>\n<td>16,00,000<\/td>\n<td>1,00,000<\/td>\n<td>6.67<\/td>\n<\/tr>\n<tr>\n<td><strong>3.<\/strong><\/td>\n<td><strong>Current Liabilities<\/strong><\/td>\n<td><\/td>\n<td>4,50,000<\/td>\n<td>5,00,000<\/td>\n<td>50,000<\/td>\n<td>11.11<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>TOTAL<\/strong><\/td>\n<td><\/td>\n<td><strong>54,50,000<\/strong><\/td>\n<td><strong>52,00,000<\/strong><\/td>\n<td><strong>(2,50,000)<\/strong><\/td>\n<td><strong>(4.59)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>II.<\/strong><\/td>\n<td><strong>ASSETS<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><strong>1.<\/strong><\/td>\n<td><strong>Non-Current Assets<\/strong><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(a)\u00a0Property, Plant and Equipment and Intangible Assets<\/td>\n<td><\/td>\n<td>25,00,000<\/td>\n<td>35,00,000<\/td>\n<td>10,00,000<\/td>\n<td>40.00<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>(b)\u00a0Non-current Investments<\/td>\n<td><\/td>\n<td>15,00,000<\/td>\n<td>10,50,000<\/td>\n<td>(4,50,000)<\/td>\n<td>(30.00)<\/td>\n<\/tr>\n<tr>\n<td><strong>2.<\/strong><\/td>\n<td><strong>Current Assets<\/strong><\/td>\n<td><\/td>\n<td>14,50,000<\/td>\n<td>6,50,000<\/td>\n<td>(8,00,000)<\/td>\n<td>(55.17)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>TOTAL<\/strong><\/td>\n<td><\/td>\n<td><strong>54,50,000<\/strong><\/td>\n<td><strong>52,00,000<\/strong><\/td>\n<td><strong>(2,50,000)<\/strong><\/td>\n<td><strong>(4.59)<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><b>OR <\/b><\/p>\n<p style=\"text-align: center;\"><strong>Comparative Statement of Profit and Loss<\/strong><br \/>\nfor the years ended 31st March 2012\u00a0and 2013<\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<thead>\n<tr>\n<th scope=\"col\">Particulars<\/th>\n<th scope=\"col\">31st March 2012<br \/>\nAmount<br \/>\n(Rs.)<\/th>\n<th scope=\"col\">31st March 2013<br \/>\nAmount<br \/>\n(Rs.)<\/th>\n<th scope=\"col\">Absolute Change<br \/>\n(Increase\/ Decrease)<br \/>\nAmount<br \/>\n(Rs.)<\/th>\n<th scope=\"col\">Percentage Change<br \/>\n(Increase\/ Decrease)<br \/>\n(%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><\/td>\n<td style=\"text-align: center;\">(A)<\/td>\n<td style=\"text-align: center;\">(B)<\/td>\n<td style=\"text-align: center;\">(C = B &#8211; A)<\/td>\n<td style=\"text-align: center;\">(D =\u00a0<span class=\"math-tex\">{tex}\\frac{\\text{C}}{\\text{A}}\\times 100{\/tex}<\/span>)<\/td>\n<\/tr>\n<tr>\n<td>I. Revenue from Operations<\/td>\n<td style=\"text-align: center;\">10,00,000<\/td>\n<td style=\"text-align: center;\">12,50,000<\/td>\n<td style=\"text-align: center;\">2,50,000<\/td>\n<td style=\"text-align: center;\">25.00<\/td>\n<\/tr>\n<tr>\n<td>II. Other income(Interest on Investments)<\/td>\n<td style=\"text-align: center;\">30,000<\/td>\n<td style=\"text-align: center;\">30,000<\/td>\n<td style=\"text-align: center;\">&#8212;<\/td>\n<td style=\"text-align: center;\">&#8212;<\/td>\n<\/tr>\n<tr>\n<td><strong>III.Total Revenue<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>10,30,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>12,80,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>2,50,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>24.27<\/strong><\/td>\n<\/tr>\n<tr>\n<td>IV. Expenses:<\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td>(a) Cost of Raw Materials Consumed<\/td>\n<td style=\"text-align: center;\">5,00,000<\/td>\n<td style=\"text-align: center;\">6,50,000<\/td>\n<td style=\"text-align: center;\">1,50,000<\/td>\n<td style=\"text-align: center;\">30.00<\/td>\n<\/tr>\n<tr>\n<td>(b) Other Expenses<\/td>\n<td style=\"text-align: center;\">50,000<\/td>\n<td style=\"text-align: center;\">60,000<\/td>\n<td style=\"text-align: center;\">10,000<\/td>\n<td style=\"text-align: center;\">20.00<\/td>\n<\/tr>\n<tr>\n<td><strong>V.Total Expenses:<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>5,50,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>7,10,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>1,60,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>29.09<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>VI.Net Profit before Tax(III &#8211; V)<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>4,80,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>5,70,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>90,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>18.75<\/strong><\/td>\n<\/tr>\n<tr>\n<td>VII. Less: Tax Payable<\/td>\n<td style=\"text-align: center;\">2,40,000<\/td>\n<td style=\"text-align: center;\">2,85,000<\/td>\n<td style=\"text-align: center;\">45,000<\/td>\n<td style=\"text-align: center;\">18.75<\/td>\n<\/tr>\n<tr>\n<td>VIII. <strong>Net Profit after Tax<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>2,40,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>2,85,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>45,000<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>18.75<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A comparative income statement combines information from several income statements as columns in a single statement. It helps you identify financial trends and measure performance over time. You can compare different accounting periods from your records. Or, you can compare your income statement to other companies.<\/li>\n<li>\n<p style=\"text-align: center;\"><strong>Cash flows from Investing activities<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Details<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount\u00a0(\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Sale of machinery<\/td>\n<td>45,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Purchase of machinery<\/td>\n<td>(<u>20,25,000<\/u>)<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Cash used in investing activities<\/td>\n<td><\/td>\n<td>(19,80,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Cash flows from Financing activities<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Details<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Amount (\u20b9)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Issue of shares<\/td>\n<td>10,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>10% Debentures issued<\/td>\n<td>9,00,000<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Interest on debentures paid<\/td>\n<td>(1,25,000)<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Payment of Bank Overdraft<\/td>\n<td><u>(25,000)<\/u><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Cash flows from Financing activities<\/td>\n<td><\/td>\n<td>17,50,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Working notes:<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Plant &amp; Machinery A\/c<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Dr.<\/strong><\/td>\n<td colspan=\"2\" rowspan=\"1\"><\/td>\n<td><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>\u20b9<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Balance b\/d<\/td>\n<td>25,00,000<\/td>\n<td>By Accumulated Depreciation A\/c<\/td>\n<td>50,000<\/td>\n<\/tr>\n<tr>\n<td>To Bank A\/c<br \/>\n(Purchase-Bal. Fig)<\/td>\n<td>20,25,000<\/td>\n<td>By Bank A\/c<\/td>\n<td>45,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>By Statement of P &amp; L (Loss on sale A\/c)<\/td>\n<td>30,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>By Balance c\/d<\/td>\n<td>44,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>45,25,000<\/strong><\/td>\n<td><\/td>\n<td><strong>45,25,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><strong>Accumulated Depreciation A\/c<\/strong><\/p>\n<table style=\"width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><strong>Dr.<\/strong><\/td>\n<td colspan=\"2\" rowspan=\"1\"><\/td>\n<td><strong>Cr.<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>\u20b9<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Particulars<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>\u20b9<\/strong><\/td>\n<\/tr>\n<tr>\n<td>To Machinery A\/c<\/td>\n<td>50,000<\/td>\n<td>By Balance b\/d<\/td>\n<td>2,50,000<\/td>\n<\/tr>\n<tr>\n<td>To Balance c\/d<\/td>\n<td>4,00,000<\/td>\n<td>By Depreciation A\/c<\/td>\n<td>2,00,000<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>4,50,000<\/strong><\/td>\n<td><\/td>\n<td><strong>4,50,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<\/ol>\n<p><strong>Ace Your Exams with the myCBSEguide App<\/strong><\/p>\n<p>Download the <a href=\"https:\/\/play.google.com\/store\/search?q=mycbseguide+app&amp;c=apps\"><strong>myCBSEguide App<\/strong><\/a> for <strong>comprehensive study materials<\/strong>, <strong>practice questions<\/strong>, and <strong>exam prep resources<\/strong> for <strong>CBSE<\/strong>, <strong>NCERT<\/strong>, <strong>JEE (Main)<\/strong>, <strong>NEET-UG<\/strong>, and <strong>NDA exams<\/strong>.The <strong>myCBSEguide app<\/strong> features a wide variety of\u00a0 CBSE <strong>Class 12 Accountancy Sample Papers 2025<\/strong>, ensuring you cover all topics before your exams. The app offers everything you need to sharpen your skills, gain confidence, and improve exam performance with <strong>interactive tests<\/strong> and <strong>study plans<\/strong> tailored to your needs.<\/p>\n<p>For teachers, the <a href=\"https:\/\/examin8.com\/\"><strong>Examin8 App<\/strong><\/a> allows you to easily create <strong>personalized exam papers<\/strong>, <strong>practice quizzes<\/strong>, and <strong>mock exams<\/strong> with your custom name and logo, making it easier to assess and track student progress.<\/p>\n<p>Enhance your exam readiness for <strong>CBSE<\/strong> <strong>Class 12 Accountancy Sample Papers2025<\/strong> by practicing with the <strong>myCBSEguide app<\/strong>, offering structured sample papers and test materials.<\/p>\n<p>Download <a href=\"https:\/\/mycbseguide.com\/\"><strong>myCBSEguide<\/strong><\/a> and <a href=\"https:\/\/examin8.com\/\"><strong>Examin8<\/strong><\/a> today to enhance your study routine and maximize your exam success!<\/p>\n<p style=\"text-align: center;\"><b><strong><a class=\"button\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide&amp;referrer=utm_source%3Dmycbse_bottom%26utm_medium%3Dtext%26utm_campaign%3Dmycbseads\">Download myCBSEguide App<\/a><\/strong><\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sample_Papers_for_Class_12_2025\"><\/span><strong>Sample Papers for Class 12 2025<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-physics\/1251\/\"><strong>Physics<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-chemistry\/1267\/\" target=\"_blank\" rel=\"noopener\"><strong>Chemistry<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-mathematics\/1284\/\" target=\"_blank\" rel=\"noopener\"><strong>Mathematics<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-biology\/1298\/\" target=\"_blank\" rel=\"noopener\"><strong>Biology<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-english-core\/1855\/\" target=\"_blank\" rel=\"noopener\"><strong>English Core<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-business-studies\/1727\/\" target=\"_blank\" rel=\"noopener\"><strong>Business Studies<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-economics\/1327\/\" target=\"_blank\" rel=\"noopener\"><strong>Economics<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-accountancy\/1315\/\" target=\"_blank\" rel=\"noopener\"><strong>Accountancy<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-computer-science\/1851\/\" target=\"_blank\" rel=\"noopener\"><strong>Computer Science<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-informatics-practices\/1873\/\" target=\"_blank\" rel=\"noopener\"><strong>Informatics Practices<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-%E0%A4%B9%E0%A4%BF%E0%A4%82%E0%A4%A6%E0%A5%80-%E0%A4%95%E0%A5%8B%E0%A4%B0\/1865\/\" target=\"_blank\" rel=\"noopener\"><strong>Hindi Core<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-%E0%A4%B9%E0%A4%BF%E0%A4%82%E0%A4%A6%E0%A5%80-%E0%A4%90%E0%A4%9A%E0%A5%8D%E0%A4%9B%E0%A4%BF%E0%A4%95\/1867\/\" target=\"_blank\" rel=\"noopener\"><strong>Hindi Elective<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-history\/1869\/\" target=\"_blank\" rel=\"noopener\"><strong>History<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-political-science\/1879\/\" target=\"_blank\" rel=\"noopener\"><strong>Political Science<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-geography\/1863\/\" target=\"_blank\" rel=\"noopener\"><strong>Geography<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-home-science\/1871\/\" target=\"_blank\" rel=\"noopener\"><strong>Home Science<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12-physical-education\/1877\/\" target=\"_blank\" rel=\"noopener\"><strong>Physical Education<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/mycbseguide.com\/course\/cbse-class-12\/1250\/\" target=\"_blank\" rel=\"noopener\"><strong>Other Subjects<\/strong><\/a><\/li>\n<\/ul>\n<p><strong>Download Sample Papers for Class 12 with myCBSEguide App<\/strong><\/p>\n<p>Visit <strong>myCBSEguide<\/strong> for a comprehensive set of<strong> CBSE Class 12 Accountancy Sample Papers 2025<\/strong> designed to align with the latest CBSE exam pattern.<\/p>\n<p>Looking for <strong>sample papers<\/strong> for <strong><a href=\"https:\/\/mycbseguide.com\/cbse-sample-papers-class-12.html\">Class 12<\/a> Accounts<\/strong>, <strong>Chemistry<\/strong>, <strong>Biology<\/strong>, <strong>History<\/strong>, <strong>Political Science<\/strong>, <strong>Economics<\/strong>, <strong>Geography<\/strong>, <strong>Computer Science<\/strong>, <strong>Home Science<\/strong>, <strong>Accountancy<\/strong>, <strong>Business Studies<\/strong>, and more? Visit the <a href=\"https:\/\/play.google.com\/store\/search?q=mycbseguide+app&amp;c=apps\"><strong>myCBSEguide App<\/strong><\/a> or website to access a wide variety of <strong>sample papers<\/strong> tailored for CBSE students.<\/p>\n<p>The <strong>myCBSEguide App<\/strong> provides not only <strong>sample papers with solutions<\/strong>\u00a0but also <strong>chapter-wise test papers<\/strong> for focused practice, <strong>NCERT solutions<\/strong>, <strong>NCERT Exemplar solutions<\/strong>, <strong>quick revision notes<\/strong>, <strong>CBSE guess papers<\/strong>\u00a0and <strong>important question papers<\/strong>. These resources are designed to help students prepare thoroughly for exams and boost their performance. Visit the <strong>myCBSEguide website<\/strong> today to access free <strong>CBSE Class 12 Accountancy Sample Papers 2025<\/strong>, complete with solutions and exam strategies.<\/p>\n<p>Download the <strong>myCBSEguide App<\/strong> or visit our website<strong> <a href=\"https:\/\/mycbseguide.com\/\">myCBSEGuide<\/a><\/strong> to access the best study materials, sample papers, and exam resources for Class 12 CBSE students.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Class 12 Accountancy Sample Paper 2025 As the 2024-25 CBSE exams approach, students must stay ahead with the best study resources. \u00a0The myCBSEguide App provides access to a wide range of sample papers, chapter-wise practice tests, and NCERT solutions that align with the latest syllabus and exam format. Teachers using the Examin8 app can &#8230; <a title=\"CBSE Sample Papers Class 12 Accountancy 2025\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-sample-papers-class-12-accountancy\/\" aria-label=\"More on CBSE Sample Papers Class 12 Accountancy 2025\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1436,2053,1339,2000],"tags":[322,147,148,1527,12,439,1933,1959,1967,1342,1340,1707],"class_list":["post-13589","post","type-post","status-publish","format-standard","hentry","category-accountancy-cbse-class-12","category-accountancy-sample-papers-class-12-sample-papers","category-cbse-sample-papers","category-class-12-sample-papers","tag-accountancy","tag-cbse-class-12","tag-cbse-class-12-accountancy","tag-cbse-question-paper","tag-cbse-sample-papers","tag-cbse-sample-papers-2017-18","tag-cbse-sample-papers-2023","tag-cbse-sample-papers-2024","tag-cbse-sample-papers-2025","tag-class-12","tag-model-question-papers","tag-sample-paper"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBSE Sample Papers Class 12 Accountancy 2025<\/title>\n<meta name=\"description\" content=\"CBSE Sample Papers Class 12 Accountancy 2025 in PDF format for free download. 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