Series &ROPS/S!

Set - 3

Q.P. Code 67/S/3

Roll No.

CIIIII! !Candidates must write the Q.P. Code

on the title page of the answer-book.

gafa 10. 15 fAT AIm 10.15 g 10.30 q T5 IA hAT JA-Y7

Please check that this question paper contains 39 printed pages.

Please check that this question paper contains 34 questions.
Q.P. Code given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
Please write down the serial number of the question in the answer-book
before attempting it.
15 minute time has been allotted to read this question paper. The question
paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m.,
the students will read the question paper only and will not write any
answer on the answer-book during this period.

ACCOUNTANCY

Time allowed: 3 hours Maximum Marks: 80

67/s/3 Page 1 of 39 P.T.O.

General Instructions :
Read the following instructigns carefully and folow them
(i) This question paper contains 34 questions. All questions are compulsory.
(ii) This question paper is divided into two parts Part A and Part B.
(iii) Part Ais compuksory for all candidates.
(iv) Part Bhas two options. Candidates have to attempt only one of the given optlons.
Option I : Analysis of Financial Statements
Option Il : Computerised Accounting
(v) Questions number I to 16(Part A) and Questions number 27 to 30 (Part B) are multiple
choice questions. Each question carries I mark.
(vi) Questions number 17 to 20 (Part A) and Questions number 31 and 32 (Part B) are short
answer type questions. Each question carries 3 marks.
(vii) Questions number 21, 22 (Part A) and Question number 33 (Part B) are Long answer
type-I questions. Each question carries 4 marks.
(vii) Questions mumber 23 to 26 (Part A) and Question number 34 (Part B) are Long answer
type-ll questions. Each question carries 6 marks.
(ix) There is no overall choice. However, an internal choice has been provided in few
questions in each of the parts.
PART A

(Accounting for Partnership Firms and Companies)

1. (a) Anu, Bina and Roy were partners in a firm sharing profits and losses in the
ratio of 3:2:1. Roy retired and his share was acquired by Anu. The new
profit sharing ratio between Anu and Bina after Roy's retirement will be:
(A) 3:2 (B) 3:1

(C) 1:1 (D) 2:1

OR

(b) Asha, Yug and Zubin were partners in a firm sharing profits and losses in
the ratio of 4: 3:2. Zubin retired. Zubin's share was acquired equally by
Asha and Yug. The new profit sharing ratio between Asha and Yug after
Zubin's retirement was :
(A) 3:2 (B) 5:4

(C) 4:3 (D) 2:1

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67/S/3 Poge 3 of 39
2. (a) Nagar Lid. issucd 6,000, 11% Detbentures of t 100 cach at a discount of
10°% redeemable at a premium. Discount on issue of debentures' and
'Premium on redemption of debentures' were accounted for through 'Loss
on issue of debentures account'. If the amount of 'Loss on issue of
debentures' was 90,000, then the amount of premium on redemption of
debentures was:
(A) 760,000 (B) 90,000
(C) 1,20,000 (D) 30,000
OR

(b) On 1st April, 2022 Surya Ltd. issued 10,000, 12% Debentures of 100
each at a premium of 5%. The total amount of interest on debentures for
the year ended 31st March, 2023 will be:
(A) { 1,20,000 (B) 50,000

(C) 1,00,000 (D) {1,26,000

3. (a) Deepa, Elton and Frank were partners in a firm sharing profits in the ratio
of 2: 2:1. With effect from 1$t April, 2023 they decided to change their
Profit and
profit sharing ratio as 1:2:2. There existed a Debit Balance of
in
Loss Account ofE 50,000 in the books of the firm on the date of change
Debit Balance of
profit sharing ratio. The partners decided to retain the
:
Profit and Loss Account in the books. The adjustment entry willbe
Journal
Dr. Amount Cr. Amount
Particulars ) ()
Deepa's Capital A/c Dr. 10,000
(A)
10,000
To Frank's Capital Alc
Deepa's Capital A/c Dr. 5,000
(B) 5,000
To Frank's Capital Alc
Dr. 10,000
(C) Frank's Capital A/c
10,000
To Deepa's Capital Alc
Dr. 5,000
(D) Frank's Capital A/c 5,000
To Deepa'sCapital Alc
OR
P.T.0.
Page 5 of 39
67/S/3
 (b) Som, Pam and Ron were partners in a firm sharing profits in the ratio of
7:2:1. With effect from 1st April, 2023 they decided to change their profit
sharing ratio to 1 : 2:7. There existed a Credit Balance in the Profit and
Loss Account of E1,00,000 on the date of change in profit sharing ratio in
the books of the firm. The partners decided to retain the Credit Balance in
Profit and Loss Account in the books. The adjustment entry will be:
Journal
Dr. Amount Cr. Amount
Particulars
E) )
(A) Ron's Capital A/c Dr. 20,000
To Som's Capital Alc 20,000
(B) Ron's Capital A/c Dr. 60,000
To Som's Capital Alc 60,000
(C) Som's Capital A/c Dr. 20,000
To Ron's Capital Alc 20,000
(D) Som's Capital A/c Dr. 60,000
To Ron's Capital A/c 60,000

4. There are two statements Assertion (A) and Reason (R):

Assertion (A) : Court does not intervene in case of dissolution of partnership.
Reason (R) : Dissolution of partnership takes place by mutual agreement
among partners.
Choose the correct option from the following :
(A) Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the
correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are correct and Reason (R) is the
correct explanation of Assertion (A).
(C) Assertion (A) is correct, but Reason (R) is incorrect.
(D) Assertion (A) is incorrect, but Reason (R) is correct.
5. (a) Money not received from shareholders on allotment or calls is :
(A) debited to calls in advance account.
(B) credited to calls in advance account.
(C) debited to calls in arrears account.
(D) credited to calls in arrearS account.
OR
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67/S/3 Page 7 of 39
 (b) Those debentures where a charge is created on the assets of the company
for the purpose of payment in case of default are known as :
(A) Secured Debentures
(B) Registered Debentures
(C) Specific Coupon Rate Debentures
(D) Redeemable Debentures

6. Sinoy Ltd. issued 20,000 shares of 10 each at a premium of6. The amount was
payable as follows :
On Application E7 per share (Including Premium l per share)
On Allotment TSper share (Including Premiumt2per share)
On First and Final call Balance
The issue was fully subscribed. AIl the money was duly received except the
allotment and first and final call on 1,000 shares. These shares were forfeited. On
forfeiture of these shares, the 'Securities Premium Account' will be debited by :
(A) F 2,000 (B) 3,000
(C) 75,000 (D) { 20,000

Read the following hypothetical situation and answer questions No. 7 and &on the basis
of the given information :

Daksh and Ekansh are partners in a firm sharing profits and losses in the ratio of
3: 1. Their capitals were 1,60,000 and 1,00,000 respectively. As per
partnership deed, they were entitled to interest on capital @ 10% p.a.. The firm
earned a profit of 13,000 for the year ended 31st March, 2023.
7. Daksh's interest on capital will be :
(A) 5,000 (B) E8,000

(C) l6,000 (D) {10,000

8. Ekansh's share of profi/loss will be :

(A) Nil (B) t9,750 (Loss)
(C) 3,250 (Loss) (D) t9,750 (Profit)
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67/S/3 Page 9 of 39
9. Kamini, Lata and Meera were partners in a firm sharing profits and losses equally.
Neel was admitted as a new partner for an equal share in the profits of the firm.
Neel brought his share of capital and premium for goodwill in cash. On the date of
admission of Neel, goodwill appeared in the books at 1,20,000. The existing
goodwill is to be written off among :
(A) Old partners in old ratio.
(B) New partners in new ratio.
(C) Sacrificing partners in sacrificing ratio.
(D) Old partners in sacrificing ratio.

10. Arjun, Babita and Charlie were partners in a firm sharing profits in the ratio of
2:2:1.They admitted Dheeraj for 5lth share in the profits of the fim. He has to
contribute proportionate capital to acquire th share in future profits. On the date
5
of admission, the capitals after all adjustments relating to goodwill and
52,000 and
revaluation of assets and liabilities, were : Arjun 62,000, Babita
Charlie 36,000. The capital brought by Dheeraj will be :
(A) F37,500 (B) 30,000

¡32,500 (D) 35,000

(C)
losses in the ratio of
11. Nikhil and Sharat were partners in a firm sharing profits and
year ended
4:3. Nikhil withdrew 6,000 on the first day of every quarter for the
Interest on
31St March, 2023. Interest on drawings is to be charged @ 5%o p.a.
Nikhil's drawings willbe calculated for:
(A) 6 months (B) 4.5 months
(C) 7.5 months (D) 3 months
The firm was dissolved.
12. Pawan, Kavita and Gaurav were partners in a firm.
10% less than the book
Creditors took over furniture of book value ofF 60,000 at
The balance amount was
value in part settlement of their amount of 60,000.
cheque will be:
paid to them through cheque. The amount paid through
E5,000 (B) F6,000
(A)
(D) Nil
(C) ¡54,000
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67/S/3 Page 11 of 39
13. (a) Renu, Trilok and Mansi were partners in a firm sharing profits and losses
1 th
in the ratio of 9 : 6:5. Hina was admitted as a partner for share in the
10
profits which she acquired equally from Renu and Trilok. The new profit
sharing ratio after Hina's admission willbe :
(A) 5:5:2:8 (B) 5:5:8:2

(C) 8:2:5:5 (D) 8:5:5:2

OR

(b) Ashuand Ria were partners in a frm sharing profits and losses in the ratio
3
of 4: 3. They admitted Nitu for a th share in the profits of the firm,
which she took 2 th from Ashu and
7th from Ria. The new profit sharing
7
ratio between Ashu, Ria and Nituwill be: 1

(A) 4:3:3 (B) 2:1:3

2:2:3 (D) 4:3:2

(C)

14. There are two statements Assertion (A) and Reason (R):
Assertion (A): The maximum number of partners in a partnership firm are 50.

Reason (R) : The maximum number of partners are prescribed by the

Partnership Act, 1932.

Choose the correct option from the following :

(A) Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the
correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are correct and Reason (R) is the
correct explanation of Assertion (A).
(C) Assertion (A) is correct, but Reason (R) is incorrect.

(D) Assertion (A) is incorrect, but Reason (R) is correct.

Page 13 of 39 P.T.0.
67/S/3
15. Beeta Ltd. offered for subscription 1,00,000 equity shares of T10 each at a
premium of 100% payable entirely on application. Applications were received for
5,00,000 equity shares. The company decided to allot the shares on pro-rata basis

to all the applicants. The amount received by the company on application was :
(A) {1,00,00,000 (B) 20,00,000

(C) {1,20,00,000 (D) 80,00,000

16.
The amnount of share capital which a company is authorised to issue by its

Memorandum of Association is called :

(A) Issued capital (B) Subscribed capital

(C) Reserve capital (D) Nominal capital

17. Falak, Girdhar and Hemang were partners in a firm sharing profits and losses in
the ratio of 6:3:1. Girdhar retired. Falak and Hemang decided to share profits in
future in the ratio of 3 : 2. On the day of Girdhar's retirement, goodwill of the
firm was valued at 1,00,000.
treatment of
Calculate gaining ratio and pass necessary journal entry to record the
3
goodwill on Girdhar's retirement.
capital ofF 4,00,000.
18. Piyush and Rishabh were partners in a firm with a combined
years were :
The normal rate of return was 15%. The profits of the last four

2019 - 20 60,000
2020- 21 90,000
2021 - 22 80,000
2022 - 23 60,000
by 10,000. Calculate
The closing stock for the year 2022 - 23 was undervalued
3
goodwillof the firm based on capitalisation of average profit.
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67/S/3 Page 15 of 39
 19. (a) Sheetal Ltd. purchased building worth 2,50,000, plant and machinery
worth 2,00,000, fumiture worth 40,000 and took over liabilities of
T30,000 from Poonam Ltd. for a purchase consideration of 4,40,000. The
purchase consideration was paid by issuing 12% Debentures of{ 100 each
at a premium of 10%.
Pass the necessary journal entries in books of Sheetal Ltd. to record the
above transactions. 3
OR

(b) On 1st April, 2023, Simple Ltd. took over assets of 5,00,000 and
liabilities ofT 1,00,000 from Temur Ltd. at an agreed value of 16,00,000.
Simple Ltd. paid the amount to Temur Ltd. as follows :
(i) Issued a bank draft of{ 1,00,000.
(ii) Issued 8% Debentures of 100 cach at a premium of 50% in
satisfactionof the balance amount of purchase consideration.
Pass the necessary journal entries in the books of Simple Ltd. to record the
above transactions. 3

20. (a) Jatin, Keshav and Lalit were partners in a firm with fixed capitals of
F1,20,000, 1,00,000 and 80,000 respectively. As per the partnership
deed, there was a provision for allowing interest on capitals @ 10% p.a.,
but entries for the same had not been made for the last two years.

The profit sharing ratio during the last two years was as follows :
Year Jatin Keshav Lalit
2021 - 22 5 3 2

2022 - 23 1 1

Pass an adjustment entry of the beginning of the third year, i.e., on

3
1st April, 2023.
OR

(b) Meera, Neena and Ojas were partners in a firm sharing profits and losses in
the ratio of 5: 3:2. The partnership deed provided for charging interest on
drawings @ 10% p.a. The drawings of Meera, Neena and Ojas during the
40,000
year ended 31 st March, 2023 amounted to F 60,000, 50,000 and
respectively. After the final accounts had been prepared, it was discovered
that interest on drawings had not been taking into consideration.
3
Pass the necessary adjustment entry.
Page 17 of 39 P.T.0.
67/S/3
21. Shringar Lid. was registered with an authorised capital of 5,00,000divided into
equity shares of t 10 each. The company issued a prospectus inviting applications
for 20,000 equity shares. The amount was payable as follows :
On Application t3 per share
On Allotment 5 per share
On First and Final call Balance

Applications were received for 19,000 equity shares and allotment was made to all
the applicants. All the amounts were duly received except the first and final call
on 5,000shares.

Present the share capital in the Company's Balance Sheet as per Schedule II,
Part I of Companies Act, 2013. Also prepare Notes to Accounts' for the same. 4

22. Sonia and Rohit were partners in a firm sharing profits and losses in the ratio of

3:2. On 31St March, 2023 their Balance Sheet was as follows :

Balance Sheet of Sonia and Rohit as at 31t March, 2023

Amount Amount
Liabilities Assets
(E) (E)
Building 2,00,000
Capitals :
Sonia 70,000 Machinery 1,40,000

Rohit 90,000. 1,60,000 Furniture 80,000

General Reserve 80,000 Debtors 1,20,000

Sonia's Loan 1,30,000 Stock 60,000

Bank Loan 2,20,000 Cash at Bank 60,000

Creditors 70,000

6,60,000 6,60,000

Page 19 of 39 P.T.0.
67/S/3
 The firm was dissolved on the above date on the following terms :
() Building, machinery and furniture realised 3,44,000.
(ii) Debtors realised 90% only.
(iii) Creditors took away half of the stock in full settlement of their account.

(iv) Remaining stock realised 72,000.

(V) Realisation expenses amounting to 14,000 were paid by Rohit.
4
Prepare Realisation Account.

23. Manu, Naresh and Paras were partners in a firm sharing profits and losses equally.
Their Balance Sheet as at 31$t March, 2023 was as follows :
Balance Sheet of Manu, Naresh and Paras as at 31St March, 2023
Amount Amount
Liabilities Assets
E) ()
60,000 Bank 60,000
Creditors
General Reserve 60,000 Stock 90,000
Debtors 1,10,000
Capitals:
Manu 90,000 Fixed Assets 1,00,000
Naresh 80,000
Paras 70,000 2,40,000
3,60,000 3,60,000

between his executors and

Paras died on 31St January, 2024. It was agreed
remaining partners that :
() Goodwill be valued at 30,000 at 3 years purchase of average profits of
the previous three years.
average profits of the
(ii) Share of profit up to the date of death on the basis of
to 48,000.
previous three years. Paras's share of profit amounted
(iiü) Interest on capital is to be provided @ 12% p.a.
(iv) Half the amount due to Paras is to be paid immediately.
Account. 6
Prepare Paras's Capital Account and Paras's Executor's
Page 21 of 39 P.T.0.
67/S/3
24.
On 1st April, 2022, Suvlan Ltd. issucd 25,000, 8% Dcbentures of 100 cach at a
discount of 10%, redeemable at par after five years. The company has a balance of
T1,70,000 in Securities Premium Account.
(a) Record necessary journal entries for the issue of debentures.
(b) Record necessary journal entries for writing off 'Discount on Issue of
Debentures' utilising Securities Premium Account at the end of the first
year itself.

(c) Prepare Discount on Issue of Debentures Account' for the year ended
6
31st March, 2023.

25. (a) Diamond Ltd. issued a prospectus inviting applications for 20,000shares
ofT 10 each. The amount was payable as follows :
On Application {4 per share

On Allotment {4 per share

On First and Final call Balance

Applications for 45,000 shares were received and allotment was made as
follows :

Category (i) Applicants for 35,000 shares were allotted 15,000 shares.
Category (ii) Applicants for 10,000 shares were allotted 5,000 shares.
adjusted
It was decided that excess money received on application be
towards sum due on allotmnent and calls.
S00 shares, failed to
Amar, an applicant of Category (ii), who was allotted
subsequently
pay the first and final call. His shares were forfeited and
reissued at 2 per share as fully paid up.
transactions in the books
Pass necessary journal entries to record the above
6
of Diamond Ltd.
OR
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67/S/3 Page 23 of 39
 (b) Pearl Ltd. issued a prospectus inviting applications for 40,000 shares of
F 10 each at a premium of 20%. The amount was payable as follows :
On Application {5 per share
On Allotment E5 per share (Including Premium)
On First and Finalcall Balance
Applications for 60,000 shares were received and allotment was made on a
pro-rata basis to all the applicants. Excess money received on application
was adjusted towards the amount due on allotment.
Sameer who had applied for 1,200 shares failed to pay the allotment
money. His shares were forfeited immediately after allotment. All the
forfeited shares were reissued at 7 per share as 8 paid up. First and final
call was not yet made.
book
Pass necessary journal entries to record the above transactions in the
of Pearl Ltd. Open 'Calls in Arrears Account' wherever necessary. 6

26. (a) Anshu and Vihu were partners in a firm sharing profits and losses in the
ratio of3:2. Their Balance Sheet as at 31S. March, 2023 was as follows :
Balance Sheet of Anshu and Vihu as at 31St March, 2023
Amount Amount
Liabilities Assets
() E)

Creditors 80,000 Cash 40,000

General Reserve 50,000 Debtors 36,000

Investment Fluctuation Less Provision for
10,000 Doubtful debts 34,000
Fund 2,000
Stock 30,000
Capitals :
Anshu 1,44,000 Investments 40,000

Vihu 80,000 2,24,000 Plant and Machinery 2,20,000

3,64,000 3,64,000

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67/S/3 Page 25 of 39
 On 1s April, 2023, Mani was admitted into partnership for I5 th share in

the profits of the firm on the following terms :

(i) Mani brought 20,000 as her share of goodwill and proportionate
capital.
(ii) Provision for doubtful debts was to be maintained at 10% on
debtors.
(iii) Market value of investments was 35,000.
(iv) The value of Plant and Machinery be increased by 6,600.
6
Prepare Revaluation Account and Partners' Capital Accounts.
OR
(b) Trisha, Urvi and Varsha were partners in a firm sharing profits and losses
in the ratio of 5:4: 1. Their Balance Sheet as at 31st March, 2023 was as
follows :
Balance Sheet of Trisha, Urvi and Varsha as at 31St March, 2023
Amount Amount
Liabilitices Assets
) )
Capitals : Fixed Assets 4,00,000
Trisha 2,00,000 Stock 1,00,000
Urvi 1,30,000 Debtors 1,50,000
Varsha 1,00,000 4,30,000 Cash 2,00,000
General Reserve 1,50,000
Creditors 2,70,000
8,50,000 8,50,000
Trisha retired on 1st April, 2023 and the partners agreed to the following
terms :
(i) Fixed Assets were found overvalued by 80,000.
(iü) Stock was taken over by Trisha at 80,000.
Goodwill of the firm was valued at 1,00,000 on Trisha's
(ii) retirement and Trisha's share by goodwill was adjusted through the
Capital Accounts of remaining partners.
(iv)
New profit sharing ratio between the remaining partners was agreed
at 2:3.
(v) Trisha was paid 50,000 on retirement and the balance was
transferred to her loan account.
firm on Trisha's
Pass necessary journal entries in the books of the
retirement.

Page 27 of 39 P.T.0.
67/S/3
 PART B

Option I
(Analysis of Financial Statements)

27. (a) Sale of patentsof 50,00,000 will result in:

(A) Cash inflow ofF 50,00,000 from financing activities
(B) Cash outflow ofF 50,00,000 from financing activities
(C) Cash outflow ofF 50,00,000 from investing activities
(D) Cash inflow ofF 50,00,000 from investing activities
OR

(b) Income tax paid is classified under:

(A) Operating activities

(B) Investing activities
(C) Financing activities
(D) Cash and cash equivalents
following transactions will
28. The Quick Ratio of acompany is 1 :1. Which of the
result in increase of this ratio ?

(A) Purchase of inventory 1,50,000 through cheque

(B) Sold inventory on credit 50,000

(C) Outstanding expenses ofF 40,000 paid

(D) Machinery purchased for cash 50,000
cash outflow from operating
29. Which of the following transactions will result in
activities ?

(A) Payment to creditors

(B) Proceeds from sale of investments

(C) Dividend received by a non-finance company

(D) Depreciation charged on furniture

P.T..
Page 29 of 39
67/S/3
 30. (a) Which of the following is not a limitation of 'Analysis of Financial
Statements' ?
(A) It is just a study of the reports of the company.
(B) It does not consider price level changes.
(C) It ascertains the relative importance of different components of the
financial position of the firmn.
(D) lt may be misleading without the knowledge of the changes in
accounting procedures followed by a firm.
OR
of
(b) Ratios that are calculated for measuring the efficiency of operations
1
business based on effective utilisation of resources are known as

(A) Liquidity ratios

(B) Turnover ratios
(C) Solvency ratios
(D) Profitability ratios

and sub-heads (if any) in the

31. Classify the following items under major heads
III, Part I of the Companies
Balance Sheet of the company as per Schedule 3
Act, 2013 :
Bank Balance
(a)
(b) Public Deposits
Bank Overdraft
(c)
Ratio : 3
calculate Inventory Turnover
32. From the following information,
Amount

Revenue from Operations 80,00,000

Gross Profit Ratio 25%

10,00,000
Opening Inventory
the Opening Inventory.
Closing Inventory is 2 times more than P.T.O.
Page 31 of 39
67/S/3
 Size
33. (a) From the given Balance Sheet of Moonlight Ltd., prepare a Common 4
Balance Sheet :

Balance Sheet ofMoonlight Ltd. as at 31S March, 2023

31.03.2023 31.03.2022
Particulars E)

I Equity and Liabilities :

1. Shareholders' Funds
12,00,000 5,00,000
(a) Share Capital
2. Non-Current Liabilities

(a) Long-term Borrowings 2,00,000 3,00,000

3. Current Liabilities

6,00,000 2,00,000
(a) Trade Payables
Total 20,00,000 10,00,000

II-Assets :

1. Non-Current Assets

(a) Fixed Assets/Property,

Plant and Equipment
and Intangible Assets 14,00,000 7,00,000

2. Curent Assets

(a) Trade Receivables 4,00,000 2,50,000

(b) Inventories 2,00,000 50,000

Total 20,00,000 10,00,000

OR
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Page 33 of 39
67/S/3
 (b) Tiom he tollowing particulars of Accent Lid., prepare a Comparative
Statement of Profit and ILoss for the vear ended 31 March, 2023 :
Note 2022-23 2021 -22
Particulars ()
No. (7)
Revenue from operations 25,00,000 20,00,000

Employee benefit expenses 5,00,000 4,00,000

Other expenses 2,50,000 2,00,000
Tax rate 50%

34. From the following particulars of Ruparel Ltd., calculate 'Cash Flow from
Investing Activities'. Show your working clearly.
31.03.2023 31.03.2022
Particulars
() ()
Goodwill 3,00,000 1,00,000

Patents 1,60,000 2,80,000

Machinery 12,40,000 10,20,000

10% Investments 1,60,000 60,000

Additional Information :

(i) Patents of 1,20,000 were sold at book value.

Depreciation charged during the year on machinery was 1,40,000.
(ii)
A machine having a book value of 80,000 was sold for 50,000.
On 31.03.2023, 10% investments were purchased for 1,80,000
(iii)
and some investments were sold at a profit of 20,000.
6,000.
Interest received on investments was

Page 35 of 39 P.T.O.
67/S/3
 PART B
OPTION -II
(Computerised Accounting)

27. To sce all available shape stvles of a chart, which of the following buttons is
clicked ?

(A) More
(B) Chart tool
(C) Picture

(D) Custom

28. (a) Asequential code refers to code applied to some documents where :
(A) Account heads ure ussigncd to documents
(B) Numbers and letters arc ussigned in consccutive order
(C) Special names are given to accounts
(D) Documents are arranged in special sequence
OR

(b) Name the Accounting infornmation sub-system which is linked with other
sub-systems for obtaining information aboutcOst and expenses :
(A) Cash and Bank sub-system
(B) Costing sub-system
(C) Expense accounting sub-system
(D) Final accounts sub-system

29. Which of the following is not an advantage of computeriscd accounting system ?

(A) Timely generation of reports in desired format

(B) Ensures effective control over the system
(C) Faster obsolescence of technology
(D) Confidentiality of data is maintained
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30. (a) A legend' can be repositioned on the chart :
(A) On the right side only
(B) On the left side only
(C) On the bottom of x-axis
(D) Anywhere
OR
1
(b) The need for codification is for :

(A) the generation of mnemonic codes

(B) securing the accounting reports
(C) easy processing of data and keeping records
(D) the encryption of data
3
31. Explain the advantages of usinga Graph.
where it can be used. 3
32. What is meant by Num digit ? State the situations

4
33. (a) State steps to be taken in preparation of a chart.
OR
tab' ?
(b) What are the uses of Error Alert

is meant by 'Merging a range of cells ? How is it done ? State the steps to

34. What
6
split a merged cell.

Page 39 of 39
67/S/3