CBSE Sample Paper (Class XII) Accounts

Accounts Class - XII (CBSE)

Q 1 What is meant by goodwill? Name any two methods of valuation of goodwill. (Marks 2)

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

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

Q 4 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 1 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 5 % p.a. was to be provided on capital, (iii) Profits were to be divided in the ratio of 2 : 2 : 1. Ignoring the above terms, net profit of Rs. 18,000 for the year ended 1996 was divided among the three partners equally.
Pass an adjustment entry to rectify the error. Show the working clearly. (Marks 4)

Q 5 X Limited issued 12% debentures of Rs. 10,00,000 at 8% discount redeemable at par. Assume that the debentures are redeemed by drawing method in the following 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 issue of debentures account. (Marks 5)

Q 6 Rearrange the following 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
Deposits with ICICI Bank	50,000
Share Premium	75,000
Prepaid Rent	1,000
Underwriting commission	1,500
Stores and spares	6,000
Patents	2,000

Q 7 (a) M and N are partners in a firm. M has given a loan of Rs. 8,000 to the firm on 1 April, 1994. The partnership deed is silent upon the question of provision of interest on partner’s loan. Compute the amount of interest payable on the loan advanced by M to the firm assuming the books are closed on 31 December each year.

(b) P, R and S are in partnership sharing profits in the ratio of 4 : 3 : 1 respectively. It is provided in the partnership deed that, on the death of any partner, his share of goodwill is to be valued at half of the profits credited to his account during the previous four completed years. R dies on January, 1997. The firm’s profit for the last four years 1993 : Rs. 1,20,000, 1994 : Rs. 80,000, 1995 : Rs. 40,000, 1996 : Rs. 80,000, Determine the amount that should be credited to R in respect of his share of goodwill. (Marks 3 + 3)

Q 8 K Limited has been registered with an authorised capital of Rs. 2,00,000 divided into 2000 shares of Rs. 100 each of which, 1000 shares were offered for public subscription at a premium of Rs. 5 per share, payable as under :
Rs
on application 10
on allotment 25 (including premium)
on first call 40
on final call 30

Applications were received for 1800 shares, of which applications for 300 shares were rejected outright; the rest of the applications were allotted 1000 shares on pro-rata basis. Excess application money was transferred to allotment.

All the monies were duly received except from Sundar, holder of 100 shares, who failed to pay allotted and first call money. His shares were later forfeited, and reissued to Shyam at Rs. 60 per share Rs. 70 paid up. Final call has not been made.

Pass necessary cash book and journal entries in the books of K Limited.

OR

M Ltd. issued on January 1, 1992 1000 12% debentures of Rs. 100 each repayable at the end of 3 years at a premium of 5%. It was decided to create a sinking fund for the redemption of debentures. The investment are expected to earn interest at 5% p.a.
Reference to the sinking fund table shows that Re. 0.37209 invested at 5% p.a. amounts to Re. 1 at the end of three years, the investments were sold at Rs. 70,000 and the debentures were redeemed. Prepare debentures account, sinking fund account and sinking fund investment account for the three years. (Marks 10)

Q 9 J, S and R were in partnership sharing profits and losses in the ratio of 3 : 2 : 1. Their Balance Sheet as on 31 December, 1994 was as follows :

Balance Sheet
Liabilities	Rs.	Assets	Rs
Capital Accounts
J	12,000	Buildings	10,000
S	8,600	Plant	22,000
R	10,400	Stock	6,000
Reserve Fund	3,000	Joint Life Policy	6,200
Employees’ Provident Fund	3,000	Debtors	5,000
Depreciation Reserve	5,000	Accrued Interest	1,000
Creditors	11,000	Cash	2,800
	53,000		53,000

It was agreed to dissolve the firm, and the terms of the dissolution were :
(i) J took over building at book value and agreed to pay off creditors.
(ii) Accrued interest was not collected whereas there was a contingent liability of Rs. 600 which was meet.
(iii) Other assets realised : plant: Rs. 25,000; stock : Rs. 5,000; debtors: Rs. 4,600
(iv) Realisation expenses: Rs. 600
Prepare realisation account, capital accounts and cash account.

OR

A, B and C were carrying on partnership business sharing profits in the ratio of 3 : 2 : 1 respectively. On 31 December, 1996, the Balance Sheet of the firm stood as follows:

Balance Sheet
Liabilities	Rs.	Assets	Rs
Creditors	13,590	Cash	4,700
Capital		Debtors	8,000
A	15,000	Stock	11,690
B	10,000	Building	23,000
C	10,000	Pand L A/C	1,200
	48,590		48,590

B retired on the above mentioned date on the following terms :
(i) Building to be appreciated by Rs. 7,000.
(ii) Provision for doubtful debts to be made 5% on debtors.
(iii) Goodwill of the firm is valued at Rs. 18,000 and adjustment in this respect to be made in the continuing partner’s capital accounts without raising goodwill account.
(iv) Rs. 3,000 to be paid to B immediately and the balance in his capital account to be transferred to his loan account.
Prepare revaluation account, capital accounts, cash account, and the balance sheet after B’s retirement. (Marks 12)

Q 10 Indicate which of the following transactions would result in (a) Source, (b) Use, and © Neither Source nor use of the fund :
(i) Collection from debtors Rs. 5,000, (ii) Sale of old machinery Rs. 2,000, (iii) Redemption of debentures Rs. 10,000. (Marks 3)

Q 11 Compute cash from operations from the following details : (Marks 3)

	1990 Rs.	1989 Rs
P and L A/C Debtors Outstanding Rent Goodwill Prepaid Insurance Creditors	1,10,000 50,000 24,000 80,000 8,000 26,000	1,20,000 62,000 42,000 76,000 4,000 38,000

Q 12 Explain briefly the meaning and significance of (i) Return on Investment, and (ii) Fixed Assets Turnover Ratio. (Marks 4)

Q 13 Prepare a Comparative Income Statement from the following information: (Marks 5)

	1992 Rs.	1993 Rs
Gross Sales Sales Returns Cost of goods sold Operating expenses Income Tax	1,20,200 5,200 80,000 12,000 50%	1,35,800 3,800 84,000 9,000 5%

Q 14 The debt-equity ratio of X Ltd. is 1 : 2. Which of the following would increase, decrease or not change the debt-equity ratio :
(a) Issue of Equity Shares, (b) Cash received from debtors, © Sale of goods on cash basis, (d) Redemption of Debentures, (e) Purchases of goods on credit. (Marks 5)

Q 15 What is meant by analysis of financial statements? How is it important from the viewpoint of creditors and management? (Marks 6)

Q 16 From the following information calculate Stock Turnover Ratio, Operating Ratio and Capital Turnover Ratio : (Marks 6)

	Rs.
Opening Stock	28,000
Closing Stock	22,000
Purchases	46,000
Sales	90,000
Sales Returns	10,000
Carriage inwards	4,000
Office expenses	4,000
Selling & Distribution Expenses	2,000
Capital Employed	2,00,000

Q 17 From the following, prepare a Cash Budget for January, February and March, 1998:

1998	Cash Sales (Rs.)	Collection from Debtors (Rs.)	Purchases (Rs.)	Wages (Rs.)
January February March	40,000 44,000 56,000	20,000 26,000 33,000	25,000 24,800 23,700	5,000 5,200 6,800

Estimated cash balance on 1 January 1998 Rs. 10,000. In January a new machinery is to be purchased at Rs. 20,000 on credit, to be paid in two equal installments in February and March. (Marks 6)

Q 18 From the following Balance Sheet, prepare (i) Schedule of changes in Working Capital and (ii) Funds Flow Statement :

Balance Sheet

Liabilities	1994 Rs.	1995 Rs.	Assets	1994 Rs.	1995 Rs.
Share Capital 10% debentures Pand L A/C Creditors Provision for tax Depreciation Reserve (Plant)	2,00,000 45,000 10,000 2,55,000	2,00,000 20,000 8,000 30,000 10,000 12,000 2,80,000	Plant Building Stock Debtors Bills Receivable P and L A/C	70,000 80,000 60,000 30,000 10,000 5,000 2,55,000	1,00,000 75,000 50,000 40,000 15,000 2,80,000

Additional information :

(a) Plant costing Rs. 15,000 was sold for Rs. 6,000. Accumulated Depreciation on the same was Rs. 5,000.
(b) No Depreciation was provided on Buildings during the year. (Marks 12)

CBSE Sample Paper (Class XII) Accounts

Accounts Class - XII (CBSE)

Q1) List any two 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 3 : 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 question of interest on loan from partners. Compute 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 5 : 4 : 1. C is given a guarantee that his share of profits in any given 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)

Q3) On April 1st, 1998 an existing firm had assets of Rs. 75,000/- including cash of Rs. 5,000/-. The partner’s capital account showed a balance of Rs. 60,000/- and reserve constituted the rest. If the normal rate of return is 10% and the goodwill of the firm is valued at Rs. 24,000/- at 4 year purchase of super profits, find the average profits of the firm. (Marks 3)

Q4) As a director of a Company you had invited applications for 30,000 equity shares of Rs. 10/- each at a premium of Rs. 2/- each. The total application money received at Rs. 2/- per share was Rs. 72,000/-. Name the kind of subscription. List the three alternatives for allotting these shares. (Marks 3)

Q5) A limited company has issued Rs. 1,00,000/- 9% Debentures at a discount of 6%. These debentures are to be redeemed equally, spread over 5 annual installments. Show Discount on Issue of Debentures A/C for five years. (Marks 5)

Q6) A, B and C were partners in a firm. On 1.1.98 their capitals stood at Rs. 50,000/-, Rs. 25,000/- and Rs. 25,000/- respectively. As per the provisions of the partnership deed :
(a) C was entitled for a salary of Rs. 1,500/- pm.
(b) Partners were entitled to interest on capital at 5% p.a.
© Profits were to be shared in the ratio of capitals.
The net profit for the year 1998 of Rs. 45,000/- was divided equally without providing for the above terms.
Pass an adjustment entry to rectify the above errors. (Marks 4)

Q7) A company offered 10,000 shares of Rs. 10/- each payable as Rs. 2/- on application, Rs. 3/- on allotment, Rs. 3/- on first call and Rs. 2/- on final call.
The public applied for 15,000 shares. The shares were allotted on pro-rata basis to the applicants of 12,000 shares. All shareholders paid the allotted money excepting one shareholder who was allotted 200 shares. These shares were forfeited. The first call was made thereafter. The forfeited shares were re-issued @ Rs. 9 per share Rs. 8/- paid up. The final call was not yet made.
You are required to prepare the cash book and pass journal entries.

OR
On 1.1.95 a company issued 10,000 9% debentures of Rs 100/- each at a discount of 5%. The terms of issue provide for redemption of Rs. 1,00,000/- worth Debentures every year commencing from the end of 1996 either by purchasing in the open market or by draw of lots at the company’s option. The company also wrote off Rs. 10,000/- during the year 1995 and 1996 from the Debentures Discount Account. During the year 1996 the company purchased 400 debentures @ Rs. 95/- and 500 Debentures @ Rs. 96/- for cancellation. Journalise these transactions and also show how you would deal with the profits on redemption of debentures. (Marks 10)

Q8) M and N were partners sharing profits in the ratio of 3 : 2. On the date of dissolution their capitals were - M: Rs. 7,650/-, N: Rs. 4,300/-. The creditors amounted to Rs. 27,500/-. The balance cash was Rs. 760/-. The assets realised Rs. 25,430/-, the expenses on dissolution were Rs. 1,540/-. All partners were solvent.
Close the books of the firm, showing the Realisation, Capital and Cash accounts. (Show the working clearly).

OR

Rohit and Bal sharing profits in the ratio of 5 : 3 had following balance Sheet as on December 31,1998:

Liabilities	Amt.	Assets	Amt.
Creditors Bills Payable General Reserve Capital Accounts: Rohit Bal	10,000 4,000 14,000 40,000 20,000 88,000	Goodwill Building Plant Furniture Debtors Bills Receivables Stock Bank	15,000 17,000 13,500 2,000 16,500 7,500 11,000 5,500 88,000

On January 1st, 1999, they decided to admit Khosla into the partnership giving him 1/5 th share. He brings in Rs. 25,000/- as his share of capital. The partners decide to revalue the assets as follows :
Goodwill Rs. 25,000/-, Plant Rs. 12,500/-, Debtors Rs. 15,500/-, Stock Rs. 16,250/-, Building Rs. 20,000/-, Furniture Rs. 1,000/-, Bills Receivables Rs. 6,250/-. The partners also decided not to show goodwill in the books of the new firm.
You are required to show the journal entries and prepare the Revaluation A/C. (Marks 12)

Q9) The following figures were extracted from the Trial Balance of X Ltd.
Share Capital 10,000 equity shares of Rs. 10/- each fully paid :

Share premium	Rs. 10,000/-
12% debentures	Rs. 50,000/-
Fixed deposits	Rs. 25,000
Creditors	Rs. 5,000/-

You are required to draw up the liabilities side of the Balance Sheet, according to the requirements of the Companies Act.

OR
What is a contingent liability? Where is it shown in the Balance Sheet? Give three examples of contingent liabilities. (Marks 5)

Q10) Define the terms ‘Funds’ and ‘Flow’ in the context of Funds Flow Statement. (Marks 2)

Q11) Explain the meaning and significance of :
(a) Return on Equity
(b) Interest Coverage Ratio (Marks 4)

Q12) From the following information, prepare a comparative Balance Sheet of Depth Ltd.: (Marks 5)

Particulars	31.12.96 Rs.	31.12.95 Rs.
Equity Share Capital Fixed Assets Reserves and Surplus Investments Long term loans Current Assets Current Liabilities	25,00,000 36,00,000 6,00,000 5,00,000 15,00,000 10,50,000 5,50,000	25,00,000 30,00,000 5,00,000 5,00,000 15,00,000 15,00,000 5,00,000

Q13) The current ratio of a company is 2 : 1. State giving reasons which of the following would improve, reduce, or not change the ratio:
(a) repayment of current liabilities,
(b) purchasing goods on cash,
© sale of office equipment for Rs. 4,000/- (Book value Rs. 5,000/-),
(d) sale of goods Rs. 11,000/- (cost Rs 10,000/-),
(e) payment of dividend. (Marks 5)

Q14) State the reasons whether the following would result in an inflow, outflow or no flow of funds. Attempt any four :
(a) Issue of debentures;
(b) Debentures converted as preference shares;
© Amount transferred to provision for taxation;
(d) Tax refund;
(e) Repaid loan on mortgage. (Marks 5)

Q15) From the following information, prepare a Cash-Budget for the months of January, February and March, 1998:

Units sold in December, 1997	510
Units to be sold in January, 1998	200
Units to be sold in February,1998	300
Units to be sold in March, 1998	250

Selling Price is Rs. 80/- per unit and Purchase Price is Rs. 50/- per unit,
Office Expenses are 1,500/- per month. Drawings are Rs. 600/- per month. Every month 10% of the sales are on credit for one month and the remaining for cash. Cash in hand on January 1, 1998 is Rs. 12,000/-. There is no opening and closing stock. (Marks 6)

Q16) What is analysis of financial statements? State any four of its limitations. (Marks 6)

Q17) The following information is provided to you:

Share Capital	Rs. 80,000/-
General Reserve	Rs. 40,000/-
15% loan	Rs. 50,000/-
Sales for the year	Rs. 1,00,000/-
Tax paid during the year	Rs. 20,000/-
Profit after interest & Tax	Rs. 40,000/-

From the above information, calculate any three of the following ratios :
(a) Debt Equity Ratio
(b) Capital Turnover Ratio
© Interest coverage ratio
(d) Return on Investment
(e) Debt to total funds ratio (Marks 6)

Q18) From the following Balance Sheets prepare Schedule showing changes in Working Capital and Funds Flow Statement :

Balance Sheet

Liabilities	1998 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 information :
(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 Sample Paper Maths Class X (CBSE)

Maths Class X (CBSE)

Time allowed : 3 hours
Maximum Marks : 100

General Instructions :

(i) Question number 1 to 15 carry 2 marks each.
(ii) Question number 16 to 25 carry 4 marks each.
(iii) Question number 26 to 30 carry 6 marks each.
(iv) Write the serial number of the question before attempting it.
(v) Use of logarithmic and trignometric tables is permitted. Use of calculator is not permitted.

Section - A

Q1) Find the value of k for which the system of equations has no solution :
3x - 4y + 7 = 0
kx + 3y - 5 = 0 (Marks 2)

Q2) Find the g.c.d. of the following polynomials :
2x2 - x - 1 and 4x2 + 8x + 3 (Marks 2)

Q3) If A = (x + 1)/(x - 1), find A - 1/A in the simplified form. (Marks 2)

Q4) Form the quadratic equation in x whose roots are 2 + 5 and 2 - 5. (Marks 2)

Q5) The base radii of two right circular cones of the same height are in the ratio 3 : 5. Find the ratio of their volumes. (Marks 2)

Q6) A colour T.V. is available for Rs. 13,440 inclusive of sales tax. If the original cost of T.V. is Rs. 12,000 find the rate of sales tax. (Marks 2)

Q7) Evaluate : cot 54o/tan 36o + tan 20o/cot 70o - 2 (Marks 2)

Q8) Simplify : (1 + tan2 )(1 - sinThita )(1 + sin ) (Marks 2)

Q9) Prove that : sin /(1 - cos ) = cosec + cot . (Marks 2)

Q10) In Fig. 1, ABC and DEF are similar. The area of ABC is 9 sq.cm and area of DEF is 16 sq.cm. If BC = 2.1 cm, find the length of EF. (Marks 2)


Q11) In Fig. 2, O is the centre of the circle and AB is a chord of the circle. Line QBS is a tangent to the circle at B. If AOB = 110o, find APB and ABQ. (Marks 2)



Q12) In Fig. 3, chords AB and CD intersect at P. If AB = 5 cm, PB = 3 cm and PD = 4 cm, find the length of CD. (Marks 2)



Q13) Calculate the median of the following data :
83, 37, 70, 29, 45, 63, 41, 70, 30, 54 (Marks 2)

Q14) Find the Crude Death Rate (CDR) for the following data: (Marks 2)
Age group
(in years) Population Number
of Deaths
0 - 10 5000 250
10 - 25 2000 120
25 - 45 8000 150
45 - 70 7000 80
Above 70 3000 250

Q15) Flow Chart. Omitted being out of Syllabus. (Marks 2)

Section - B

Q16) Solve for the following system of equations graphically :
2x + y - 3 = 0
2x - 3y - 7 = 0 (Marks 4)

Q17) Factorise. Omitted, being out of Syllabus. (Marks 4)

Q18) A man has only 20 paise coins and 25 paise coins in his purse. If he has 50 coins in all totaling Rs. 11.25, how many coins of each does he have? (Marks 4)

Q19) Divide 29 into two parts so that the sum of the squares of the parts is 425. (Marks 4)

Q20) The diameter of a sphere is 42 cm. It is melted and drawn into a cylindrical wire of 28 cm diameter. Find the length of the wire. (Marks 4)

Q21) “In a triangle, a line drawn parallel to one side, to intersect the other side in distinct points, divides the two sides in the same ratio". Prove. (Marks 4)

Q22) The perpendicular AD on the base BC of a ABC intersects BC at D so that DB = 3CD. Prove that
2AB2 = 2AC2 + BC2 (Marks 4)

Q23) Find the mean of the following data : (Marks 4)
Class Interval Frequency
0 - 10 8
10 - 20 10
20 - 30 9
30 - 40 12
40 - 50 11


Q24) Algorithm. Omitted, being out of Syllabus. (Marks 4)

Q25) Flow Chart. Omitted, being out of Syllabus. (Marks 4)

Section - C

Q26) Solve for x :
4(x2 + 1/x2) + 8(x - 1/x) - 29 = 0 (Marks 6)

Q27) A tower in a city is 150 m high and a multistoried hotel at the city centre is 20 m high. The angle of elevation of the top of the tower at the top of the hotel is 5o. A building, h metres high, is situated on the straight road connecting the tower with the city centre at a distance of 1.2 km from the tower. Find the value of h if the top of the hotel, the top of the building and the top of the tower are in a straight line. Also find the distance of the tower from the city centre.
(Use tan 5o = 0.0875; tan 85o = 11.43) (Marks 6)

Q28) “The degree measure of an arc of a circle is twice the angle subtended by it at any point of the alternate segment of the circle with respect to the arc.” - Prove. (Marks 6)

Q29) Construct ABC in which BC = 6 cm, A = 60o and the altitude through A is 4.5 cm. Measure the length of the median through A. Write the steps of construction. (Marks 6)

Q30) The total salary of Manjeet Singh is Rs. 1,25,500 (excluding HRA) during a year. He pays a premium of Rs. 10,800 annually towards LIC and contributes Rs. 2,000 per month towards G.P.F. Rs. 250 are deducted each month from his salary as income tax. Calculate the income tax Manjeet Singh is to pay in the last month of the financial year. (Marks 6)
Assume the following for calculating income tax :
(a) Standard Deduction 1/3 of the total income subject to a maximum
of Rs. 20,000
(Rs. 25,000 if income is less than Rs. 1 lac)
(b) Rates of Income tax

Slab

(i) Upto Rs. 50,000
(ii) From Rs. 50,001 to 60,000
(iii) From Rs. 60,001 to Rs. 1,50,000


Income Tax

No tax
10% of the amount exceeds Rs. 50,000
Rs. 1,000 + 20% of the amount exceeding Rs. 60,000
© Rebate in Tax 20% of the total savings subject to a maximum
of Rs. 12,000
(d) Surcharge 10% of the tax payable

OR
A page from the pass book of Ram Lal’s Saving Bank Account in a particular year is given below :-
Date Particulars Amt. Withdrawn Amt. Deposited Balance
Rs. P. Rs. P. Rs. P.

Jan. 1 By Balance 1200.00
Jan. 5 By Cash 500.00 1700.00
Feb. 20 By Cash 700.00 2400.00
Feb. 25 To Cheque 500.00 1900.00
May, 8 By Cash 1000.00 2900.00
July, 12 By Cash 1500.00 4400.00
July, 20 To Cheque 1000.00 3400.00
Sept. 1 By Cash 1200.00 4600.00
Oct. 5 To Cheque 2000.00 2600.00
Dec. 15 By Cash 500.00 3100.00

Assuming the rate of interest is 5% p.a. and interest is paid once in a year, at the end of December, calculate the interest earned by Ram Lal at the end of the year.

Note: Question done according to the latest syllabus.
Total salary of Manjeet Singh taken as Rs.125,500 in place of Rs.120,500.