www.dhsekerala.gov.in Accountancy With Computerised Accounting Model Question Paper : HSE / Plus Two / 12th Std / +2

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Document Described : Accountancy With Computerised Accounting Question Paper, Kerala Question Paper

ACCOUNTANCY WITH COMPUTERISED ACCOUNTING
Max Score.60 Max Time-2Hrs
Cool off Time-15 Mts

1. Interest on partner’s capital is debited to Account.
(Capital account, P/L appropriation a/c, P/L account) ( 1 Score)
2. A share can be issued at a maximum discount of ………..% of its face value.

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3. Find out the odd one.
1 Admission of a partner (2) Retirement of a partner
(3) Death of a partner (4) Dissolution of firm ( 1 Score)
4. Rearrange the following in a chronological order.
(1) Forfeiture, (2) Capital Reserve
(3) Re-issue (4) Calls in Arrear ( 1 Score)
5. Goodwill a/c Dr
To 12% Debenture.
Identify the transaction? ( 1 Score)
6. Write the situation in which the P/L suspense account is prepared?
7. Anil and Binu are partners sharing profit and loss in the ratio of 5:3 Cinu is admitted for 1/8 which he acquired wholly from Anill. Find out the new Ratio of Anill, Binu and Cinu?
8. A Ltd forfeits 100 shares of Rs 10 each issued at a premium of Rs 2 per share for the nonpayment of allotment (including premium) of Rs 5 and first and final call Rs 4 per share . Give journal entry for forfeiture of shares.
9. State the provisions regarding the utilization of securities premium
10. Azeem, Anil, Ajith and Arun are partners sharing profit and Loss in the ratio of 3 :2:2:1 Ajith was retired and the goodwill of the firm is valued @ Rs.80,000/- Ajith’s share of goodwill being given to him by adjusting the capital account of Azeem, Anil and Arun. Record the necessary journal Entry for adjustment of goodwill assuming that the new profit sharing
ratio will be 2:1:1.
New Ratio 2:1:1 Bbn IW¡m¡n Goodwill sâ Cu Adjustment Books of account
11. White Limited issued 12% of debenture of Rs.3,00,00 at a discount of 5% with a condition that redeemable at a premium of 7% Give Enters for redemption of debentures?
Rs.3,00000 apJhnebpff 12% debenture 5%
White Ltd issue ( 4 Score)
13.‘S’ Ltd was registered with share capital of Rs 4,00,000 in Rs10 /Share . The company acquired the business of Madhav agencies for Rs.1,50,000 payable 1,00,000 in fully paid share and the balance in cash .7500 share issued to promoters for their services. Remaining shares were issued to the public. Give journal entries in the books of the company
Rs.10 apJhnebpff 4,00,000 cq] registered capital
Creditors 15000 Provision for Bad debts 1000
Bills payable 7000 Cash 2000
Reserve fund 5000 Capital ;--
Debtors 11000 Aruni 18,000
Stock 15,000 Dhiya 12,000
Furniture 12,000 Chakki 10,000
Machinery 18,000 Land 10,000
The firm dissolved as on 31 December 2011. The assets realized as follows.
Debtors - 9500
Stock -13500
Furniture 11500
Machinery -30000
Land - 20000
Creditors paid 10% less
The realization expenses amount to Rs 1600 Prepare necessary ledger accounts (8 Score) OR (b) Rekha Ltd issued for public subscription 60000 Equity shares of Rs.10 each at a premium of Rs.2 per share payable as under On application Rs 2/Share On allotment Rs.5/ share (including premium) First call Rs 2/ share Second call Rs.3/ share.
Application were received for 70000 shares. Allotment was made on pro rata to the applicants of:-
45000 45000 shares
20000 15000shares
5000 Nil
Application, allotment and call money were duly received except first call and second call on 200 shares. These share were forfeited and reissued at a discount of Re.1. Pass journal entries.
45000 45000
2000 15000
5000 Nill
200

PART-B
1. Find the odd one [Windows, Linux, Tally] ( 1 Score)
2. Drawings is created under---------group. Drawings ( 1 Score)
3. Sale: F8 Memo: ? ( 1 Score)
4. Prepare a pay roll statement from the following. ( 2 Score)
Name Basic Pay
1. Arun 6190
2. Anil 5120
3. Aravind 7180
4. Balu 8110
DA= 48% of Basic pay
HRA =10% of Basic pay
CCA = 7% of Basic pay
5. List out the pre defined groups in Tally.
6.Write the steps to prepare a bank reconciliation statement?
8 (a) From the following transaction give step to prepare a final account
1.1.2011 started business with Rs.1,00,000/-
1.1.2011 purchased furniture Rs.10,000
1.1.2011 Purchased goods from QRS Rs.3000/-
2.1.2011 Salary Rs.2000 wages Rs.3000 paid
3.1.2011 Goods purchased Rs.5000
4.1.2011 Cash sales Rs.30000
Adjustment
1) Salary outstanding 500
2) Provide 10% depreciation on furniture
(b) Advantages of computerized accounting?

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