XII-RBSEBOARD TEST PAPER SOLUTIONS-2018 · Sol.8 Joint ventue with ..... account rFkk Memorandum...

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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


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


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


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.


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.


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


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.


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.


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.


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


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.


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)


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.


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

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XII-RBSEBOARD TEST PAPER SOLUTIONS-2018 · Sol.8 Joint ventue with ..... account rFkk Memorandum...

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