Mock Test – II
Accountancy
Full Marks – 80
Time – 3 Hrs.
Answer all questions
lHkh iz’u dk mÙkj nsaA
Part – A
Choose the correct answer
1.
¼lgh mÙkj pqusa½
Which one is not a profit making organization –
1
dkSu ykHk dekus okyh laLFkk ugha gS &
2.
(a) Reliance (b) ONGC (c) Club (d) Petrol Pump
In banking business, maximum number of partner can be –
1
cSafdx O;olk; esa lk>snkjh dh vf/kdre la[;k gks ldrh gS &
3.
(a) 10
(b) 20 (c) 30 (d) 50
When a new partner brings his share of goodwill in cash, the amount is debited to –
1
tc dksbZ u;k lk>snkj viuh [;kfr dh jde uxn ykrk gS] rc MsfcV fd;k tkrk gS&
(a) Premium A/c ¼Áhfe;r [kkrk½ (b) Cash A/c ¼udn [kkrk½
(c) Capital A/c of old partners ¼iqjkus lk>snkjksa dk iw¡th½
4.
Goodwill brought in cash by the new partner, is shared by old partners in –
1
u;s lk>snkj }kjk udn esa yk;h x;h [;kfr dh jde iqjkus lk>snkjksa }kjk ck¡Vk tkrk gS &
(a) Sacrificing Ratio ¼R;kx vuqikr½ (b) Capital Ratio ¼iw¡th vuqikr½
(c) New Profit sharing ratio ¼u;k ykHk foHkktu vuqikr½
(d) Old Profit sharing ratio ¼iqjkuk ykHk foHkktu vuqikr½
5.
In case of retirement of a partner, Revaluation Profit in distributed to –
1
lk>snkj ds vodk’k xzg.k dh n’kk esa] iqueZwY;kadu ykHk ck¡Vk tkrk gS &
(a) All partners ¼lHkh lk>snkjksa esa½ (b) Retiring Partner only ¼dsoy vodk’k djus okys lk>snkj½
(c) Continuing Partners ¼’ks”k lk>snkj½ (d) None of these ¼buesa ls dksbZ ugha½
6.
At the time of retirement of a partner, his share of goodwill –
1
lk>snkj ds vodk’k xzg.k djrs le;, mlds fgLls dh [;kfr &
(a) Credited to retiring partners capital A/c ¼vodk’k xzg.k djus okys lk>snkj ds iw¡th [kkrs dks ØsfMV
fd;k tkrk gS½
(b) Credited to continuing partners capital A/c ¼’ks”k lk>snkjksa ds iw¡th [kkrs dks ØsfMV fd;k tkrk gS½
(c) Debited to continuing partners capital A/c ¼’ks”k lk>snkjksa ds iw¡th [kkrs dks MsfcV fd;k tkrk gS½
(d) Both (a) and (c) ¼nksuks (a) vkSj (c)½
7.
When a partner dies, his dues amount is payable to –
1
e`r lk>snkj ds cdk;k jde dk Hkqxrku fd;k tkrk gS &
(a) All Partners ¼lHkh lk>snkjksa dks½ (b) Deceased Partners representative ¼e`r lk>snkjh ds Áfrfuf/k dks½
(c) Only continuing Partners ¼dsoy ‘ks”k lk>snkjksa dks½ (d) None of these ¼fdlh dks ugha½
8.
Shareholders get –
va'k/kkjh dks feyrk gS &
(a) Interest ¼C;kt½ (b) Dividend ¼ykHkka’k½
9.
1
(c) Commission ¼deh’ku½ (d) Profit ¼ykHkk½
Equity shareholders are –
1
lerk va’k/kkjh gksrs gSa &
1
(a) Owner ¼Lokeh½ (b) Directors ¼funs’kd½ (c) Creditors ¼ysunkj½ (d) None of these ¼buesa
10. Debentures are shown in –
ls dksbZ ugha½
1
_.ki= fn[kk;s tkrs gSa &
(a) Trading A/c ¼O;kikj [kkrk½ (b) Profit & Loss A/c ¼ykHk&gkfu [kkrk½
(c) Balance Sheet ¼vkfFkZd fpÎk½ (d) None of these ¼buesa ls dksbZ ugha½
11. State any three difference between Receipts and Payment A/c and Income and Expenditure A/c –
3
ÁkfIr Hkqxrku [kkrk ,oa vk;&O;; [kkrk esa dksbZ rhu varj crk;saA
12. A and B are partners, Sharing Profit in the ratio of 3:2. Their capital balance on 1st April 2013 were
Rs. 70,000 and Rs. 50,000. On 1st July 2013, A introduced Rs. 30,000 and B introduced Rs.
10,000. Interest on capital is allowed at 10% P.A.
Calculate interest on capital, if accounts are closed on 31st March every year.
3
vkSj B lk>snkj gSa] ykHk foHkktu dk vuqikr 3%2 gSA 1 vÁSy 2013 dks mudk iw¡th dk ‘ks”k Øe’k% 70]000
#i;s vkSj 50]000 #i;s gSA 1 tqykbZ 2013 dks iqu% A 30]000 #i;s vkS B 10]000 #i;s ykrs gSaA iw¡th ij
C;kt 10% okf”kZd dh nj ls fn;k tkrk gSA
iw¡th ij C;kt dh x.kuk djsa vxj Áfro”kZ 31 ekpZ dks [kkrs cUn fd;s tkrs gSaA
A
13. Bhushan Ltd. Issued 3000 5% debentures of Rs. 10 each, Payable as follows –
3
Hkw”k.k fyfeVsM 3000 5% _.ki= tks 10 #i;s ds gSaA bldk Hkqxrku fuEu Ádkj fd;k tkrk gS &
(a) On application Rs. 4 ¼vkosnu ij 4 #i;s½ (b) On allotment Rs. 6 ¼vkoaVu ij 6 #i;s½
All the money was duly received. Pass Journal entries
lHkh Hkqxrku ÁkIr gks x;sA tuZy dk ys[kk djsaA
14. What is the difference between debentures and equity shares?
3
_.ki= vkSj lerk va’k esa D;k varj gS\
15. Compute interest on drawings @12% p.a. for the year ending 31st December 2010, If Ram
withdrew following amount –
4
31 fnlacj 2010 dks lekIr gksus okys o”kZ ds fy;s 12% okf”kZd dh nj ls vkgj.k ij C;kt dh x.kuk djsa]
vxj jke us fuEufyf[kr jde dk vkgj.k fd;k &
January 1
March 31
June 1
Rs. 4,000 October 1
Rs. 8,000 November 30
Rs. 5,000
Rs. 10,000
Rs. 8,000
16. X and Y are partners in a firm sharing profit and loss in the ratio of 2:3. Z is admitted for 1/5th share
in profit of the firm which he gets 3/20 from X and 1/20 from Y. Calculate new ratio and sacrificing
ratio.
X vkSj Y ,d QeZ esa lk>snkj gSaA mudk ykHk&gkfu foHkktu vuqikr 2%3 gSA Z dks u;s
1/5 Hkkx ykHk esa fn;k tkrk gS tks 3/20 X ls vkSj 1/20 Y ls ÁkIr djrk gSA u;k
4
lk>snkj ds #i esa
vuqikr vkSj R;kx
vuqikr dh x.kuk djsaA
17. What is shares? State its kinds.
4
va'k D;k gS\ blds Ádkjksa dks crk;saA
18. The directors of a company forfeited 1,000 share of Rs. 10 each for non-payment of final call of Rs.
2 per share. Subsequently, these shares were reissued at Rs. 10. Pass journal entries.
4
,d dEiuh ds funs’kdksa us 10 #å okys 1000 v’kksa dks vafre ek¡x tks 2 #å gS] Hkqxrku ugha gksus ds dkj.k
tCr fd;sA bu tCr va’kksa dks 10 #å Áfr va’k dh nj ls iqu% tkjh fd;k x;kA tuZy ds ys[ks dhft,A
19. Prepare Income and Expenditure Account of Civil Club from the following Receipts and Payment
Account for the year ended 31 Dec. 2013 –
31 fnlacj 2013 dks lekIr gksus okys o”kZ ds fy, fuEufyf[kr ÁkfIr Hkqxrku [kkrs ls Civil Club dk
vk;&O;; [kkrk cukb;s &
2
6
Receipts ¼ÁkfIr½
To balance b/d (opening)
To Subscription
To entrance fees
To sale of investment (cost Rs.
Amount
5,000
15,000
6,000
8,000
Payment ¼Hkqxrku½
By RBI Bonds
By Salaries
By stationery
By rent
Amount
25,000
5,000
3,000
6,000
9,500)
200 By books purchased
To sale of old furniture(book
1,200
value Rs. 600)
To donations
20,000 By balance c/d (closing)
54,000
Additional information ¼vfrfjä
10,000
54,000
lwpuk;sa½
Donations should be treated as capital receipts.
20. Mahesh, Suresh and Rakesh are partners sharing Profit and Loss in the ratio of 3:2:1 respectively.
Their balance sheet as on 31st march 2014 was an follows –
egs'k] lqjs’k vkSj jkds’k lk>snkj gSa tks Øe’k% 3%2%1 vuqikr esa ykHk&gkfu ck¡Vrs gSaA 31 ekpZ 2014 dks lekIr
gkus okys o”kZ dks mudk vkfFkZd fpÎk fuEu Ádkj Fkk &
Liabilities
Amount
Creditors
Capital A/c -
Mahesh
Suresh
Rakesh
15,000
10,000
10,000
Assets
Amount
13,590 Cash
Debtors
Stock
4,700
8,000
11,690
35,000 Building
Profit & Loss A/c
48,590
23,000
1,200
48,590
Suresh retires on the above date on the following terms –
8
lqjs'k mijksä frfFk dks vodk’k xzg.k djrk gS ftlesa fuEu ‘kÙksZa Fkha &
(a) Building to be appreciated by Rs. 7,000 ¼Hkou dk ewY; 7]000 #i;s ls c<+ x;k gS½
(b) A provision of 5% to be made on debtors for doubtful debts ¼nsunkj ij 5% dh nj ls lafnX/k _/k
ds fy, Áko/ku djuk gS½
(c) Goodwill of the firm is valued at Rs. 18,000 ¼QeZ dh [;kfr dk ewY;kadu 18]000 #å fd;k x;k½
(d) Rs. 3,000 to be paid to Suresh and balance amount is transferred to his loan A/c ¼lqjs’k dks 3]000
#å nsuk gS vkSj ‘ks”k jkf’k mlds _.k [kkrs esa gLrkUrj.k djuk gS½
iqueZwY;kadu [kkrk] lk>snkjksa ds iw¡th [kkrs rFkk vkfFkZd fpÎk cukb;sA2x15 = 30 Marks
21. Ding Dong Ltd. Was registered with capital of Rs. 4,00,000 in shares of Rs. 100 each. It issued
2,000 of such shares payable as Rs. 25 per share on application, Rs. 25 on allotment. Rs. 20 on first
call and be balance as and when required.
All money payable on application and allotment were duly received, but when the first call of
Rs. 20 per share was made, one shareholder holding 150 shares failed to pay the amount due and
another shareholder holding 200 shares paid them is full.
Record these transactions in the Journal and also prepare the opening balance sheet of the company.
Ding Dong Ltd 4]00]000 :i;s dh iw¡th ls jftLVMZ fd;k x;k ftlds va’kksa dk ewY; 100 :0 izfr va’k
FkkA buesa ls 2000 va’k tkjh fd;s x;s tks 25 :0 vkosnu ij 25 :0 vkosnu ij20 :0 izFke ;kpuk ij
vkSj ‘ks”k jde tc t:jr gksxh] ek¡xh tk;sxhA
vkosnu vkSj vkosnu ij lHkh Hkqxrku izkIr gks x;s ysfdu izFke ;kpuk dh ekax djus ij ,d va’k/kkjh ftld
ikl 150 va’k Fks Hkqxrku ugha fd;k vSj nwljs us ftlds ikl 200 va’k Fks] iwjk Hkqxrku fd;kA tuZy ys[kk
djsa rFkk dEiuh dk expensing Balance sheet cuk;saA
3
8
PART – B
22. Which of the following os not a part of financial statement of company –
1
buesa ls dkSu dEiuh ds foÙkh; fooj.k dk Hkkx ugha gS &
(a) Profit & Loss Statement ¼ykHk&gkfu fooj.k½ (b) Balance Sheet ¼vkfFkZd fpÎk½
(c) Ledger ([kkrk)
23. Current Assets on the Asses side of Balance sheet of a company includes –
1
dEiuh ds vkfFkZd fpÎk ds lEifÙk i{k dh vksj pkyw lEifÙk;ksa dkSu ‘kkfey gS &
(a) Sundry debtors ¼fofo/k nsunkj½ (b) Cash in hand ¼gkFk ess jksdM+½
(c) Stock ¼LVkWd½ (d) All of these ¼buesa ls lHkh½
24. The ideal current ratio is –
1
mfpr pkyw vuqikr gksrk gS &
(a) 2:1 (b) 1:2 (c) 3:2 (d) 3:4
25. Which of the following is not the source of cash –
1
buesa ls dkSu uxn dk lzksr ugha gS &
(a) Purchase of fixed Assets ¼LFkk;h lEifÙk;ksa dk Ø;½ (b) Fund from operations ¼fØ;k dyki ls Q.M½
(c) Issue of debentures ¼_.ki= tkjh djuk½ (d) Sale of fixed Assets ¼LFkk;h lEifÙk;ksa dh fcØh½
26. While calculating operating net profit which will be added to net profit –
1
lapkyu ‘kq) ykHk dh x.kuk djrs le; ‘kq) ykHk esa fdls ‘kkfey fd;k tk;sxk &
(a) Depreciation ¼âkl½ (b) Goodwill written off ¼lekIr dh x;h [;kfr½
(c) Loss on Issue of Debentures ¼_.ki= tkjh djus esa gqbZ gkfu½ (d) All of these ¼buesa ls lHkh½
27. What is Fixed Assets? Give three examples.
3
LFkk;h lEifÙk D;k gS\ rhu mnkgj.k nsaA
28. From the following, prepare comparative Income Statement –
4
fuEufyf[kr ls rqyukRed vk; fooj.k cukb;s &
Particulars
2009(Rs.)
Sales
Cost of goods sold
2010(Rs.)
3,00,000
3,50,000
(1,50,000)
(1,75,000)
Gross profit
Operating expenses
Operating profit
1,50,000
1,75,000
(40,000)
(50,000)
1,10,000
1,25,000
29. Calculate cash from Investing Activities from the following –
8
fuEufyf[kr fooj.k ls fofu;ksx fØ;kvksa }kjk jksdM+ dh x.kuk djsa &
2012 (Rs.)
Land
Plant
Creditors
Long term Investment
Debtors
2,50,000
7,50,000
1,00,000
40,000
70,000
4
2013(Rs.)
75,000
9,00,000
1,50,000
90,000
60,000
© Copyright 2024 ExpyDoc
