Madras University (UnOM) 2007 B.C.A Computer Application Accounts - Question Paper

Information: Equity Share Capital Rs. 5,00,000; 12% Debentures Rs. 6,00,000; 9% Preference Share Capital Rs. 3,00,000; General Reserve Rs. 1,00,000; Sales Rs. 10,00,000; Opening stock Rs. 80,000; Purchases Rs. 6,00,000; Wages Rs. 1,00,000; Closing Stock Rs. 1,00,000; Selling and distribution expenses Rs. 20,000; Other current assets Rs. 5,00,000 and Current liabilities Rs.3,00,000 (Marks 6)

Q17) Prepare a Cash Budget of Rama Ltd. for the months of January to March 1999 from the subsequent information:

Credit Purchases (Rs.) Credit Sales (Rs.) Wages (Rs.)
1998
November 2,00,000 2,50,000 50,000
December 3,50,000 3,00,000 60,000
1999
January 3,00,000 4,50,000 70,000
February 4,00,000 2,00,000 80,000
March 5,00,000 3,50,000 70,000

Additional info : (i) Expected cash balance as on 1/1/1999 Rs. 75,000 .
(ii) Suppliers allowed credit of 2 months and a credit of 2 months is allowed to the customers.
(iii) Lag in payment of wages 1 month. (Marks 6)

Q18) From the subsequent Balance Sheets of Rajan Ltd., prepare Cash Flow Statement:

Liabilities 1997 (Rs.)
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CBSE Accounts Sample ques. Paper - Year 1999
Filed under:
Class XII
Accounts

Accounts Class - XII (CBSE)
You are on Set no I Qno. one to 9

Q1) List any 2 items appearing on the credit side of a partner’s capital account, when capitals are fluctuating. (Marks 2)

Q2) (a) A and B are partners in a firm sharing profits in the ratio of three : 2. They had advanced to the firm a sum of Rs. 30,000/- as a loan in their profit sharing ratio on July 1st, 1998. The partnership deed is silent on the ques. of interest on loan from partners. calculate the interest payable by the firm to the partners, assuming the firm closes its books on December 31st. (Marks 3)

Q2) (b) A, B and C are partners sharing profits in the ratio of five : four : 1. C is provided a guarantee that his share of profits in any provided year would be Rs. 5000/-. Deficiency, if any, would be borne by A and B equally. The profits for the year 1998 amounted to Rs. 40000/-. Pass necessary entries in the books of the firm. (Marks 3)

Earning:   Approval pending.