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

Rs. 1997
Rs. Assets 1998
Rs. 1997
Rs.
Share Capital
Debentures
Current Liabilities
General Reserve
PandL Account 4,50,000
3,50,000
1,50,000
2,10,000
70,000
12,30,000 4,00,000
2,40,000
1,20,000
2,00,000

9,60,000 Fixed Assets
Investments
Current Assets
Discount on shares
PandL Account 7,20,000
1,30,000
3,75,000
5,000

12,30,000 6,10,000
50,000
2,40,000
10,000
50,000
9,60,000

Additional info :
(a) Depreciation charged on fixed assets was Rs. 60,000/-.
(b) A machine of book value of Rs. 40,000/- was sold for Rs. 30,000/-. (Marks 12)


CBSE Accounts Sample ques. Paper - Year 1998
Filed under:
Class XII
Accounts

Accounts Class - XII (CBSE)
You are on Set no one Qno. one to 18

Q one What is meant by goodwill? Name any 2 methods of evaluation of goodwill. (Marks 2)

Q two R and S are partners sharing profits in the ratio of five : 3. T joins the firm as a new partner. R provide 1/4 of his share and S provide 2/5 of his share to the new partner. obtain out the new ratio. (Marks 3)

Q three State any 3 purposes for which share premium amount can be utilised. (Marks 3)

Q four P, Q and R are partners in a firm. Their capital accounts stood at Rs. 30,000, Rs. 15,000 and Rs. 15,000 respectively on one January, 1996. As per the provisions of the deed :
(i) R was to be allowed a remuneration of Rs. 3,000 p.a., (ii) Interest at five % p.a. was to be given on capital, (iii) Profits were to be divided in the ratio of two : two : 1. Ignoring the above terms, net profit of Rs. 18,000 for the year ended 1996 was divided among the 3 partners equally.
Pass an adjustment entry to rectify the fault. Show the working clearly. (Marks 4)

Q five X Limited issued 12% debentures of Rs. 10,00,000 at 8% discount redeemable at par. presume that the debentures are redeemed by drawing method in the subsequent manner:

Year end Face Value (Rs)
1 1,00,000
2 2,00,000
3 3,00,000
4 4,00,000

Prepare discount on problem of debentures account. (Marks 5)

Q six Rearrange the subsequent in the form of a company balance sheet as per Schedule VI Part I of the Company Act 1956. (Marks 5)

Rs.
Bills payable 30,000
Unclaimed dividend 12,000
Accounts Receivables 11,000
Shares in NTPC Ltd. 20,000

Earning:   Approval pending.