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Sol.1 dEiuh ¼fofo/k½ fu;e] 2014 ds fu;e 10 ds varxZr lk>snkjksa dh vf/kdre la[;k orZeku esa 50 rd lhfer dh xbZ gSA
Sol.2 Journal Entry
S. No. Particulars L.F. Debit Credit
1. Plant A/c Dr. 5,000
To Revaluation A/c 5,000
(Being increased the value of Plant by Rs. 5,000)
Sol.3 la;qDr thou chek ikWfylh [kkrs dks fpV~Bs esa leiZ.k ewY; (Surrender value) ij fn[kk;k tk;sxkA
Sol.4 (A) le; ds vk/kkj ij (On the basis of time)
(B) foØ; ds vk/kkj ij (On the basis of turnover)
Sol.5 dksbZ izfof"V ugha dh tk;sxhA
Sol.6 12% izfro"kZA
Sol.7 Journal Entry
S. No. Particulars L.F. Debit Credit
1. Bank A/c Dr. 110
Loss on issue of debentures A/c Dr. 20
To 12% Debentures A/c 100
To Securities Premium A/c 10
To Premium on Redemption of Debentures A/c 20
AccountancyXII-RBSE BOARD TEST PAPER SOLUTIONS-2018
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Sol.8 Joint ventue with ............... account rFkk Memorandum Joint Venture Account ds Dr. esaA
Sol.9 Journal Entry
S. No. Particulars L.F. Debit Credit
1. Workmen Compensation Reserve A/c Dr. 10,000
To A's Capital A/c 6,000
To B's Capital A/c 4,000
52:3000,10
Sol.10
Ø- la- vUrj dk vk/kkj la;qDr lkgl lk>snkjh
1. uke la;qDr lkgl dk izk;% dksbZ lk>snkjh laLFkk dk ,d fuf'pr uke
uke ugha gksrk gSA gksrk gSA
2. mís'; la;qDr lkgl dk mís'; fuf'pr lk>snkjh dk fuekZ.k fujUrj lapkyu
dk;Z ;k fuf'pr le; rd djus gsrq fd;k tkrk gSA
O;olk; djuk gSA
3. iath;u la;qDr lkgl esa iath;u lk>snkjh esa iath;u djkuk vko';d gSA
djkuk vko';d ugha gSA
4. vf/kfu;e la;qDr lkgl ds fy;s dksbZ iF̀kd lk>snkjh esa Hkkjrh; lk>snkjh vf/kfu;e
vf/kfu;e ugha gSA 1932 ykxw gksrk gSA
Sol.11 chtd ewY; esa 'kkfey ykHk dk izHkko de djus ds fy, dh tkus okyh lek;kstu izfof"V;k¡ fuEukafdr gSA ¼dsoy izs"kddh iqLrdkas eas½
1. isz"k.k ij Hksts x;s 'kq) eky esa 'kkfey ykHk ds fy, Goods sent on consignment A/c Dr.
¼'kq) eky = izs"k.k ij Hkstk eky & eky dh okilh½ To Consignment A/c
2. izs"k.k ij fcuk fcds izkjfEHkd jgfr;s esa 'kkfey ykHk ds fy, Stock Reserve A/c Dr.To Consignment A/c
3. izs"k.k ij fcuk fcds vfUre jgfr;s esa 'kkfey ykHk ds fy, Consignment A/c Dr.To Stock Reserve A/c
4. vlkekU; gkfu esa 'kkfey ykHk ds fy, Consignment A/c Dr.
To Abnormal Loss. A/c
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Sol.12 Amount of General Commission = (30,000 + 40,000) 70,000 × 5% = 3,500
Amount of overriding commission
Note : ;fn dqy fcØh ij x.kuk dh tk;s = 70,000 × 20% = 14,000
vFkok
vkf/kD; jkf'k ij x.kuk djus dh fLFkfr esa = (70,000 - 60,000) 10,000 × 20% = 2000
Sol.13 (1) pkyw o"kZ dk cdk;k osru = ugha fn[kk;k tk;sxkA
(2) LFkkbZ lEifÙk dh fcØh ij jkf'k = izkfIr i{k esaA
(3) iqLrd [kjhn uxn = Hkqxrku i{k esaA
(4) pkyw o"kZ esa fofu;ksx ij vftZr C;kt tks cdk;k gSA = ugha fn[kk;k tk;sxkA
Sol.14 (1) olh;r ls izkfIr : fpV~Bs ds nkf;Ro i{k esaA
(2) izos'k 'kqYd : vk;&O;; [kkrs ds vk; i{k easA
Sol.15 W. N. 1Dr. Profit & Loss Account Cr.
for the year ended 31st March, 2017
Particulars Amount Particulars Amount
To Interest on Rashmi's Loan 1,200 By Profit for the year 49,200
(20,000 × 6%)
To Profit & Loss Appropriation A/c (B/F) 48,000
(Being net profit transferred)
49,200 49,200
Dr. Profit & Loss Appropriation Account Cr. for the year ended 31st March, 2017
Particulars Amount Particulars Amount
To Interest on Capital A/c By Profit & Loss A/c 48,000
Rashmi 2,500
Pintu 1,500 4,000
To Commission to Rashmi (2,00,000 × 2%) 4,000
To Commission to Pintu (40,000 × 10%) 4,000
To Reserve A/c (36,000 × 10%) 3,600
To Capital Accounts
Rashmni 16,200
Pintu 16,200 32,400
48,000 48,000
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Sol.16Dr. Joint life Policy Account Cr.
Date Pariculars J.F. Amount Date Pariculars J.F. Amount
2013 2014April, 1 To Bank A/c 7,000 March, 31 By Profit & Loss A/c 7,000
7,000 7,000
2014 2015April, 1 To Bank A/c 7,000 March, 31 By Profit & Loss A/c 4,000
March, 31 By Balance c/d 3,000
7,000 7,000
2015 2016April, 1 To Balance b/d 3,000 March, 31 By Profit & Loss A/c 2,000Apirl, 1 To Bank A/c 7,000 March, 31 By Balance c/d 8,000
10,000 10,000
2016 2017April, 1 To Balance b/d 8,000 March, 31 By Profit & Loss A/c 5,000Apirl, 1 To Bank A/c 7,000 March, 31 By Balance c/d 10,000
15,000 15,000
2017 2017April, 1 To Balance b/d 10,000 July, 1 By Insurance company A/c 1,00,000Apirl, 1 To Bank A/c 7,000 or Bank A/cJuly, 1 To P's Capital A/c 33,200July, 1 To Q's Capital A/c 33,200July, 1 To R's Capital A/c 16,600
51:2:2000,83
1,00,000 1,00,000
Sol.17 Dr. Realisation Account Cr.
Particulars Amount Particulars Amount
To Sundry Assets A/c 1,00,000 By Creditors A/c 63,000To Cash/Bank A/c (Creditors) 63,000 By Cash/Bank A/c (Assets realised) 40,000
By Partner's Capital A/c (loss) 60,000P 20,000S 20,000T 20,000
31:1:1000,60
1,63,000 1,63,000
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Dr. Partners' Capital Accounts Cr.
Particulars R S T Particulars R S T
To Balance b/d – – 3,000 By Balance b/d 20,000 20,000 –
To Realisation A/c 20,000 20,000 20,000 By R's Capital – – 11,500
To T's Capital A/c 11,500 11,500 – By S's Capital – – 11,500
By Cash / Bank (b/f)11,500 11,500 -
31,500 31,500 23,000 31,500 31,500 23,000
Note : T dh iw¡th dh deh 23,000 dks R rFkk S vius iw¡th vuqikr Øe'k% 20,000 : 20,000 = 1 : 1 esa ogu djsxsaA
Dr. Cash/Bank A/c Cr.
Particulars Amount Particulars Amount
To Realisation A/c 40,000 By Realisation A/c 63,000
To R's Capital A/c 11,500
To S's Capital A/c 11,500
63,000 63,000
Sol.18
S. No. Items Heading Sub-Heading
1. Unclaimed Dividend Current Liabilities Other Current Liabilities
2. Securities Premium Shareholders' funds Reserve & Surplus
3. Proposed Dividend Current Liabilities Short -term provisions
4. Acceptances Current Liabilities Trade Payables
5. Debentures Non Current Liabilities Long-term Borrowings
6. Calls in Advance Current Liabilities Other Current Liabilities
7. Provision for tax Current Liabilities Short -term provisions
8. Prepaid insurance Current Assets Other Current Assets
Sol.19 Memorandum Joint Venture Account
Particulars Amount Particulars Amount
To Purchase (K) 40,000 By Sales (K) 45,000
To Purchase (V) 60,000 By Sales (V) 70,000
To Profit By K's A/c (Stock) 8,000
K 11,500
V 11,500 23,000
1,23,000 1,23,000
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In the Books of KDr. Joint venture with V A/c Cr.
Particulars Amount Particulars Amount
To Cash/ Bank A/c 40,000 By Cash/Bank A/c 45,000
To P & L A/c 11,500 By Purchase/Stock A/c 8,000
To Cash/Bank A/c (b/f) 1,500
53,000 53,000
In the Books of VDr. Joint venture with K A/c Cr.
Particulars Amount Particulars Amount
To Cash/ Bank A/c 60,000 By Cash/Bank A/c 70,000
To P & L A/c 11,500 By Cash/Bank A/c (b/f) 1,500
71,500 71,500
Sol.20
(1) vlkekU; gkfu dk ewY;kadu ¼ekxZ esa½ %&
10 lkbZfdyksa dk ykxr ewY; 10 × 2000 = 20,000
Add : izs"kd ds vkuqikfrd [kpsZ 101005000
= 500
= 20,500
Less : {kfrxzLr lkbZfdyksa ls olwyh412000 = 500 × 10 = 5,000
= 15,500
Less : chek dEiuh ls izkIr jkf'k = 10,000
'kq) gkfu = 5,500
(2) fcuk fcds eky dk ewY;kadu %&
Unsold units = 100 – 10 –70 = 20 Units
20 lkbZfdyksa dk ykxr ewY; 20 × 2000 = 40,000
Add : izs"kd ds vkuqikfrd [kpsZ 201005000
= 1,000
Add : izs"k.kh ds vkuqikfrd izR;{k [kpsZ 2090
1800 = 400
= 41,400
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Sol.21 Balance Sheet as on 31st March, 2017
Liabilities Amount Assets Amount
Capital Fund 1,00,000 Table of table tennis 1,00,000
Games Fund 3,00,000 12% Games fund investment 1,50,000
(+) Interest on investment 18,000 Accrued interest on investment 3,000
3,18,000
(+) Donations 40,000
3,58,000
(–) Expenses during the year 1,00,000 2,58,000
W. N. 1
Interest on Investment 1,50,000 × 12% = 18,000
(–) Received = 15,000
Accured Interest = 3,000
Sol.22 W. N. 1
R;kx vuqikr = iqjkuk vuqikr & u;k vuqikr
, dk R;kx =63
32
=6
34 =
61
ch dk R;kx =62
31 =
62
62 =
60
vFkkZr~ lEiw.kZ R;kx , ds }kjk fd;k x;k gSA
Dr. Revalution Account Cr.
Particulars Amount Particulars Amount
To Patent A/c 10,000 By Building A/c 5,000
By Old type writer A/c 2,000
By A's Capital A/c 2,000
By B's Capital A/c 1,000
31:2000,3
10,000 10,000
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Dr. Partners' Capital Accounts Cr.
Particulars A B C Particulars R S T
To Revaluation a/c 2,000 1,000 – By Balance b/d 40,000 30,000 –
To Balance c/d (b/f) 54,000 32,000 17,200 By Premium for
goodwill 10,000 – –
By Cash A/c (W. N. 2) – – 17,200
By General Reserve A/c 6,000 3,000 –
31:2000,9
56,000 33,000 17,200 56,000 33,000 17,200
W. N. 2 : lh dh iw¡th dh x.kuk %
ekuk dqy ykHk = 1
'ks"k ykHk =611 =
65
QeZ dh ubZ iw¡th = 56000,32000,54
= 1,03,200
lh dh iw¡th =61200,03,1 = 17,200
Balance Sheet as on 1-4-2017
Liabilities Amount Assets Amount
Creditors 21,000 By Bank A/c 37,200
Capital : (10,000 + 10,000 + 17,200)
A 54,000 Debtors 30,000
B 32,000 Stock 20,000
C 17,200 Building 35,000
Typewriter 2,000
1,24,200 1,24,200
OR
W. N. 1 : Qk;ns dk vuqikr = u;k vuqikr & iqjkuk vuqikr
X dk Qk;nk =63
95 =
18910
=181
Y dk Qk;nk =62
94 =
1868
=182
= 1 : 2
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W. N. 2 Z dk [;kfr dk fgLlk =61000,54 = 9,000
X's Capital A/c Dr. 3,000
Y's Capital A/c Dr. 6,000
To Z's Capital A/c 9,000
32:1000,9
Dr. Revaluation Account Cr.
Particulars Amount Particulars Amount
To Machine A/c 4,000 By X's Capital A/c 3,000
To Stock A/c 2,000 By Y's Capital A/c 2,000
By Z's Capital A/c 1,000
61:2:3000,6
6,000 6,000
Dr. Partner's Capital Accounts Cr.
Particulars X Y Z Particulars X Y Z
To Z's Capital A/c 3,000 6,000 – By Balance b/d 38,000 30,000 20,000
To Revaluation A/c 3,000 2,000 1,000 By X's Capital A/c – – 3,000
To Cash A/c – – 8,000 By Y's Capital A/c – – 6,000
To Z's Loan A/c (B/f) – – 20,000
To Balance C/d 32,000 22,000 – ______ ______ ______
38,000 30,000 29,000 38,000 30,000 29,000
To Cash A/c (b/f) 2,000 – – By Balance b/d 32,000 22,000 –
To Balance C/d 30,000 24,000 – By Cash A/c (b/f) – 2,000 –
(w.n. 3)
32,000 24,000 – 32,000 24,000 –
W. N. 3 : QeZ dh ubZ iw¡th = X dh lek;ksftr iw¡th + Y dh lek;ksftr iw¡th
= 32,000 + 22,000 = 54,000
X dh ubZ iw¡th =95000,54 = 30,000
Y dh ubZ iw¡th =94000,54 = 24,000
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Balance Sheet as on 1-4-2017 (After Retirement)
Liabilities Amount Assets Amount
Creditors 12,000 Cash at Bank 2,000
Z's Loan A/c 20,000 (10,000 – 8,000 + 2,000 – 2,000)
Capital Accounts : Debtors 20,000
X 30,000 Stock 28,000
Y 24,000 54,000 Machinery (40,000 – 4,000) 36,000
86,000 86,000
Sol.23 W. N. 1 :Application = 10
Allotment = 40 (20 :i;s izhfe;e lfgr)
I and Final Call = 70
120
Journal of R Ltd.
S. No. Particulars L.F. Debit Credit
1. Bank A/c Dr 3,30,000
To Equity Share Application A/c (33,000 × 10) 3,30,000
2. Equity Share Application A/c Dr. 3,30,000
To Equity Share Capital A/c (20,000 × 10) 2,00,000
To Bank (3,000 × 10) 30,000
To Equity Share Allotment A/c 80,000
To Calls in Advance A/c 20,000
3. Equity Share Allotment A/c Dr. 8,00,000
To Equity Share Capital A/c (20,000 × 20) 4,00,000
To Securities premium reserve A/c (20,000 × 20) 4,00,000
4. Bank A/c Dr 7,20,000
To Equity Share Allotment A/c (8,00,000 – 80,000) 7,20,000
5. Equity Share I & Final Call A/c Dr. 14,00,000
To Equity share Capital A/c (20,000 × 70) 14,00,000
6. Bank A/c Dr. 13,80,000
Calls in Advance A/c Dr. 20,000
To Equity Share I & Final Call A/c 14,00,000
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Sol.24 {kSfrt fo'ys"k.k ,oa yEcor fo'ys"k.k esa vUrj
Ø- la- vk/kkj {kSfrt fo'ys"k.k yEcor fo'ys"k.k
1. vof/k blesa nks ;k vf/kd ds foÙkh; blesa ,d vof/k ds gh foÙkh; fooj.kksa dsfooj.kksa ds lead pkfg;sA lead pkfg,A
2. mi;ksfxrk ;g lkekU;r% dky Js.kh fo'ys"k.kksa ;g lkekU;r% ifjPNsn fo'ys"k.kksa esa mi;ksxh
esa mi;ksxh gSA gSA
Sol.25 Current Ratio = sLiabilitieCurrentAssetsCurrent
13
= sLiabilitieCurrentAssetsCurrent
Current Assets = 3 × Current Liabilities
= 3 × 1,50,000
= 4,50,000
Sol.26 Statement Showing Trend of Revenue From operations (in Lakhs)
o"kZ ifjpkyu ls vk; vk/kkj o"kZ dh vis{kk vk/kkj o"kZ dh vis{kk
deh ;k of̀) deh ;k of̀) izfr'kr esa
2012-13 20 – –
2013-14 22 2 10%
2014-15 25 5 25%
2015-16 28 8 40%
2016-17 30 10 50%
Sol.27 W. N. 1Net Revenue from Operations = Gross Revenue from Operations – Return
= 2,00,000 – 10,000
= 1,90,000
Credit Revenue from Operations = Net Revenue from Operations – Cash revenue from Operations
= 1,90,000 – 30,000
= 1,60,000
Average Receivables =2
sreceivablegsinClosreceivableOpening
=2
000,30000,50
= 40,000
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Trade Receivables Turnover Ratio = ceivablesReAverageOperationsfromvenueReCredit
= 000,40000,60,1
= 4 Times
Sol.28 Common Size Statement of Profit and Lossfor the year ended 31st March, 2016-17
Particulars Note. Absolute Amount (%) Percentage ofNo. Revenue from Operations
31st March 31st March 31st March 31st March2017 2016 2017 2016
` `
I Income
Revenue from operations (Net sales) 24,00,000 20,00,000 100 100
II Expenses :
(a) Purchases of stock - in - Trade 16,00,000 12,00,000 66.67 60
(b) Change in Inventories 2,00,000 2,00,000 8.33 10
(c) Depreciation 2,00,000 2,40,000 8.33 12
(d) Other Expenses 1,00,000 1,60,000 4.17 8
Total Expenses 21,00,000 18,00,000 87.50 90
III Profit before tax (I–II) 3,00,000 2,00,000 12.50 10
IV Less : Income Tax 90,000 60,000 3.75 3
V Profit after tax (III-IV) 2,10,000 1,40,000 8.75 3
Sol.29 1. dkuwu iz.kkyh % fdlh ns'k esa ykxw dkuwu ogk¡ ds uSfrd ekudksa dk eksVs rkSj ij izfrfuf/kRo djrs gSaA bl izdkjdkuwu ds }kjk thou ds uSfrd i{kksa dh f'k{kk Hkh izkIr gksrh gSA
2. /keZ % lHkh /keksZa esa O;fDr;ksa dks uSfrd O;ogkj djus dh f'k{kk,sa nh x;h gSA ;s f'k{kk,¡ uSfrd O;ogkj dk egRoiw.kZ,oa izHkkoh L=kksr gksrh gSA
3. vkuqokaf'kd /kjksgj % vk/kqfud ;qx esa fd;s x;s vuqla/kkuksa ls tho foKkfu;ksa dks ,sls izek.k feys gSa tks crkrs gSafd vPNkbZ ds xq.k] tks fdlh O;fDr ds uSfrd vkpj.k ls lacaf/kr gksrs gSa] mldh vkuqokaf'kd /kjksgj gks ldrsgSaA
4. nk'kZfud iz.kkfy;k¡ % izkphu dky ls gh fo}kuksa us thou ,oa dÙkZO; ds izfr dbZ nk'kZfud iz.kkfy;k¡ fodflr dhgSA ;s iz.kkfy;k¡ uSfrd O;ogkj ds fofHkUu vk;keksa dks crkrh gSA
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Sol.30 W. N. 1
Cost of Revenue from Operations = Opening Stock + Purchases + Wages - Closing stock
= 1,90,000 + 15,00,000 + 90,000 – 1,80,000
= 16,00,000
Gross Profit = Revenue from Operations – Cost of revenue from Operations
= 24,00,000 – 16,00,000
= 8,00,0000
Operating Cost = Cost of Revenue from Operations + Office expenses
= 16,00,000 + 80,000
= 16,80,000
Net Profit After Tax = Gross Profit – Office Expenses – Interest on Debentures – Tax
= 8,00,000 – 80,000 – 20,000 – 40,000
= 6,00,000
Net profit before interest & tax = Net profit after tax + Tax + Interest on debentures
= 6,60,000 + 40,000 + 20,000
= 7,20,000
Capital Employed = Non current Assets + Working Capital
= (10,00,000 + 4,00,000) + (8,00,000 – 4,00,000)
= 14,00,000 + 4,00,000
= 18,00,000
(i) Current Ratio = sliabilitieCurrentAssetsCurrent
= 000,00,4000,00,8
= 2 : 1
(ii) Gross Profit Ratio = 100operationsfromvenueReNet
profitGross
= 100000,00,24
000,00,8
= 33.33%
(iii) Operating Ratio = 100OperationsfromrevenueNetCostOperating
= 100000,00,24000,80,16
= 70%
(iv) Net profit Ratio = 100operationsfromrevenueNet
taxafterprofitNet
= 100000,00,24000,60,6
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(v) Return on investment = 100employedCapital
tax&interestbeforeProfitNet
= 100000,00,18000,20,7
= 40%
ORW. N. 1Current Assets = Stock + Trade Receivables + Cash & Cash equivalents
= 2,00,000 + 1,50,000 + 50,000= 4,00,000
Total Assets = Non-current Assets + Current Assets= 7,00,000 + 4,00,000= 11,00,000
Proprietor Fund or Equity = Capital + General Reserve + Credit Balance of P & L A/c= 5,00,000 + 1,00,000 + 1,00,000= 7,00,000
Total Debts = 10 % Debentures + Current Liabilities= 3,00,000 + 1,00,000= 4,00,000
(i) Current Ratio = sliabilitieCurrentAssetsCurrent
= 000,00,1000,00,4
= 4 : 1
(ii) Quick Ratio = sLiabilitieCurrentStockAssetsCurrent
= 000,00,1000,00,2000,00,4
= 000,00,1000,00,2
= 2 : 1
(iii) Debt- Equity Ratio = EquityDebtsTotal
or EquitydebtstermLong
= 000,00,7000,00,4
or 000,00,7000,00,3
= 0.57 : 1 or 0.43 : 1
(iv) Proprietory Ratio = AssetsTotalfundoprietorPr
= 000,00,11000,00,7
= 0.64 : 1
(v) Solvency Ratio = AssetsTotaldebtsTotal
or AssetsTotaldebtstermLong
= 000,00,11000,00,4
or 000,00,11000,00,3
= 0.36 : 1 or 0.27 : 1