Study MaterialsCBSE NotesCBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9

CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9

CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9

Part A
(Accounting for Partnership Firms and Companies)

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    1.State what is the method followed to maintain capital account, if interest on capital, salary to partner are credited while interest on drawings and share of loss are debited to the partner’s capital account?

    2.A and B are partners having profit sharing ratio 1:2. New profit sharing ratio is 1:2:3. Calculate sacrificing ratio.

    3.Z Ltd having a paid-up capital of Rs 20,00,000 has a balance of Rs 5,00,000 in securities premium reserve account. The company’s management does not want to carry over his balance. Suggest the method for utilisation of securities premium reserve that would achieve the objectives of the management and maximise the return to shareholders.

    4.The accountant of XYZ Ltd having three partners X, Y and Z, passed a journal entry to distribute workmen compensation reserve as debit workmen compensation reserve account and credit old partners’ capital account. Is the treatment correct?

    5.In case of change in profit sharing ratio, how can the gaining partner compensate the sacrificing partner.

    6.A Ltd forfeited 100 shares of Rs 10 each, Rs 8 called up, Rs 4 paid up on application.What is the amount to be forfeited?

    7.Give three points of distinction between reserve capital and capital reserve.

    8.Sharda Ltd forfeited 1,000 shares of Rs 10 each issued @ 20% premium held by Mr A (Rs 8 called-up) on which he did not pay Rs 5 on allotment (including premium) and first call of Rs 2. Out of these, 140 shares were re-issued @ Rs 8 paid-up for Rs 6 per share. Journalise.

    9.Asin and Shreya are partners in a firm. Since both of them are specially-abled, sometimes they find it difficult to run the firm on their own. Ajay, a common friend decides to help them. Therefore, they admit him into partnership for 1/5 share. Ajay brings Rs 5,00,000 as his share of capital. The value of the total assets of the firm was Rs 15,00,000 and outside liabilities were valued at Rs 5,00,000 on that date. Give the necessary journal entry to record goodwill at the time of Ajay’s admission. Also, show your workings.Identify the value being conveyed in the question.

    10.Avinash Ltd issued 10,000 equity shares of Rs 10 each at Rs 12 per equity share. The amount was payable as follows On application Rs 3, on allotment Rs 4 (including premium), on first call Rs 3 and on final call Rs 2.The company did not make the final call. Mohan, holder of 250 equity shares, failed to pay allotment and first call money. Directors forfeited his shares.Give the journal entries regarding the forfeiture of Mohan’s shares.

    11.Ajay, Vijay and Sanjay were partners in a firm sharing profits in the ratio of 2:2:1. On 31st December, 2014, their balance sheet was as under
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-1
    Ajay died on 1st July, 2015. It was agreed between his executor and the remaining partners that
    (i)Goodwill to be valued at two years’ purchase of the average profits of the previous four years which were 2011 Rs 10,000; 2012 Rs 14,000; 2013 Rs 18,000 and 2014 Rs 12,000.
    (ii)Goodwill is not to be shown in the books at all.
    (iii)Building valued @ Rs 45,000, machine @ Rs 30,000.
    (iv)Interest on capital be provided at 12% per annum.
    (v)His share of profit for the year 2015 be taken as accrued at the same rate as that of the previous year.
    Prepare Ajay’s capital account as on 1st July, 2015.

    12.A and B are partners sharing profits in the ratio of 3 : 2. They are doing the business of recycling old furniture and refurbishing them for sale. They admit C into partnership, C paying only Rs 3,000 for premium out of his share of Rs 5,000 for 1/4 share. Goodwill account appears in book at Rs 6,000. Pass the necessary journal entries for the treatment of goodwill.
    Identify the value shown by the partners in this case.

    13.Tanu and Manu are equal partners. The balances of their capital account as on 1st April, 2014 were Rs 60,000 and Rs 40,000 respectively.
    Their partnership deed provides for the following
    (i)Interest on capital and drawings @ 5%.
    (ii)Salary for Manu @ Rs 1,200 per month.
    (iii) Commission to Tanu @ 2.5% on sales.
    During the year ended 31st March, 2015, the profit and loss account disclosed a net profit of ? 50,400.
    Sales for the year ended 31st March, 2015 were Rs 2,40,000.
    Tanu and Manu drew Rs 16,000 and Rs 14,000 respectively during the year 2014-2015.
    The assets and liabilities of the firm as at 31st March, 2015 are plant and machinery Rs 60,000, stock Rs 18,000, bills receivable Rs 3,200, bank Rs 20,000, creditors Rs 8,800.
    You are required to prepare the profit and loss appropriation account for the year ended 31st March, 2015 and partners’ capital account.

    14.(i)Pass necessary journal entries for the redemption of debentures in the following
    case in the books of Jain Ltd.
    Purchased for immediate cancellation 930, 12% debentures of Rs 1,000 each at Rs 975 each.
    (ii)Aijun Ltd issued 10,000, 9% debentures of Rs 100 each on 1st April, 2015 redeemable at a premium of 8% after 10 years. According to the terms of prospectus, Rs 40 is payable on application and balance on allotment of debentures. Record the necessary entries regarding issue of debentures.

    15.S and T were partners from 1st April,2013 with capitals of Rs 1,20,000 and Rs 80,000 respectively. They shared profits in the ratio of 3 : 2. They carried on business for two years. In the first year ended 31st March, 2014, they earned a profit of Rs 1,00,000 but in the second year ended 31st March, 2015, a loss of Rs 40,000 was incurred. As the business was no longer profitable, they dissolved the firm on 31st March, 2015.
    Complete the realisation account, partners’ capital account and cash account.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-2
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-3

    16.Rihaan Ltd issued a prospectus offering 2,00,000 equity shares of ? 10 each, at a premium of ? 2 per share, payable as follows
    On application Rs 2.50 per share; on allotment Rs 4.50 per share (including premium) on first call (three months from allotment) Rs 2.50 per share and on second call (three months after call) Rs 2.50 per share.
    Subscriptions were received for 3,17,000 shares on 23 April, 2015 and the allotment made on 30th April, was as under Shares allotted
    (i)Allotment in full (two applicants paid in full on allotment in respect of 4,000 shares each)38,000
    (ii)Allotment of two shares for every three shares applied for 1,60,000
    (iii)Allotment of one share for every four shares applied for 2,000
    Cash amounting to Rs 77,500 (being application money received with applications on 31,000 shares upon which no allotments were made) was returned to applicants on 6th May, 2015.
    The amounts called from the allottees were received on the due dates with the exception of the final call on 100 shares. These shares were forfeited on 15th November, 2015 and re-issued to Aon 16th November for payment of Rs 9 per share.
    Record journal entries, other than those relating to cash in the books of Rihaan Ltd.
    or
    Sambhav Ltd issued a prospectus inviting applications for 3,000 shares of Rs 100 each at a premium of Rs 20 payable as follows
    On application Rs 20 per share; on allotment Rs 50 per share (including premium); on first call Rs 20 per share and on second call Rs 30 per share.
    Applications were received for 4,000 shares and allotments made on pro-rata basis to the applicants of 3,600 shares, the remaining applications being rejected. Money received on application was adjusted on account of sum due on allotment.
    Charu to whom 360 shares were allotted failed to pay allotment money and calls money and her shares were forfeited.
    Arhaan, who was allotted 200 shares, failed to pay the two calls, her shares were also forfeited. All these shares were sold to Nishant as fully paid for Rs 80 per share. Show the journal entries in the books of the company

    17.A and B are partners in a firm with equal ratio
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-4
    Adjustments
    (i) C comes for l/5th share and brings capital 1,00,000 and premium 20,000 out of Rs 30,000.
    (ii)New ratio 2:2:1.
    (iii)Rs 10,000 included in creditors are not likely to be paid.
    (iv)Patents are valueless.
    (v)10% provision for doubtful debts on debtors out of general reserve.
    (vi)Capitals of A and B be adjusted in new ratio and difference to be adjusted in cash.
    Prepare revaluation account, partners’ capital account, bank account and balance sheet.
    or
    A, B and C are partners with 2:2:1 ratio.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-5
    Adjustments
    (i)C takes retirement.
    (ii)New profit sharing ratio between A and B is 11 : 9 and goodwill of the firm is valued at Rs 40,000.
    (iii) Investment is taken over by C at Rs 15,000.
    (iv)Rs 6,000 worth unrecorded typewriter is taken by A at Rs 5,000.
    (v)Building increase by 10%.
    (vi)Rs 10,000 paid to C in cash and the balance transferred to his loan account.
    Prepare necessary accounts and balance sheet.

    Part B
    (Financial Statements Analysis)

    18.Dividend paid by bank is classified under which kind of activity, while preparing
    cash flow statement.

    19.While preparing cash flow statement, the accountant of RST Ltd considered interest received on investment as a financing activity? Is the treatment correct?

    20.(i) Name any six items that can be disclosed under reserves and surplus.
    (ii) What is the interest of customers, in the analysis of financial statements?

    21.From the following balance sheet of Kushal Ltd as at 31st March, 2015 and addi­tional information, calculate the debtors’ turnover ratio and debt collection period
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-6
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-7
    Additional Information
    (i)Credit sales of Rs 15,00,000 and cash sales of Rs 2,50,000.
    (ii)Trade receivables in the beginning of the year were Rs 4,50,000.
    Write the value shown by the business in maintaining such a debtor’s turnover ratio. Industry average being 3.

    22.From the following comparative balance of RST Ltd. Calculate total asset to debt ratio and proprietary ratio
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-8

    23.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-9..
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-10..
    Additional Information
    (i)Investments costing Rs 4,000 were sold during the year 2014-15 forRs 4,250.
    (ii)Provision for taxation made during the year was Rs 4,500.
    (iii)During the year, part of the fixed assets costing Rs 5,000 was sold forRs 6,000 and the profit was included in the statements of profit and loss.
    (iv)Dividend paid during the year amounted to Rs 20,000.
    You are required to prepare the cash flow statement

    Answers

    Part A
    (Accounting for Partnership Firms and Companies)

    1.State what is the method followed to maintain capital account, if interest on capital, salary to partner are credited while interest on drawings and share of loss are debited to the partner’s capital account?
    Ans.Fluctuating capital method.

    2.A and B are partners having profit sharing ratio 1:2. New profit sharing ratio is 1:2:3. Calculate sacrificing ratio.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-11..

    3.Z Ltd having a paid-up capital of Rs 20,00,000 has a balance of Rs 5,00,000 in securities premium reserve account. The company’s management does not want to carry over his balance. Suggest the method for utilisation of securities premium reserve that would achieve the objectives of the management and maximise the return to shareholders.
    Ans.Securities premium reserve can be utilised in accordance with the provisions of Section 52 (2) of Companies Act 2013. The management may utilise the securities premium reserve of Rs 5,00,000 by issue of bonus shares to the shareholders in the ratio of 1:4 (i.e., one bonus share for every four shares held).

    4.The accountant of XYZ Ltd having three partners X, Y and Z, passed a journal entry to distribute workmen compensation reserve as debit workmen compensation reserve account and credit old partners’ capital account. Is the treatment correct?
    Ans.No, the treatment is incorrect.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-12..

    5.In case of change in profit sharing ratio, how can the gaining partner compensate the sacrificing partner.
    Ans.The gaining partner compensates the sacrificing partner by paying him goodwill which is equal to the share gained by him.

    6.A Ltd forfeited 100 shares of Rs 10 each, Rs 8 called up, Rs 4 paid up on application.What is the amount to be forfeited?
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-13..

    7.Give three points of distinction between reserve capital and capital reserve.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-14..

    8.Sharda Ltd forfeited 1,000 shares of Rs 10 each issued @ 20% premium held by Mr A (Rs 8 called-up) on which he did not pay Rs 5 on allotment (including premium) and first call of Rs 2. Out of these, 140 shares were re-issued @ Rs 8 paid-up for Rs 6 per share. Journalise.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-15..
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-16

    9.Asin and Shreya are partners in a firm. Since both of them are specially-abled, sometimes they find it difficult to run the firm on their own. Ajay, a common friend decides to help them. Therefore, they admit him into partnership for 1/5 share. Ajay brings Rs 5,00,000 as his share of capital. The value of the total assets of the firm was Rs 15,00,000 and outside liabilities were valued at Rs 5,00,000 on that date. Give the necessary journal entry to record goodwill at the time of Ajay’s admission. Also, show your workings.Identify the value being conveyed in the question.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-17

    10.Avinash Ltd issued 10,000 equity shares of Rs 10 each at Rs 12 per equity share. The amount was payable as follows On application Rs 3, on allotment Rs 4 (including premium), on first call Rs 3 and on final call Rs 2.The company did not make the final call. Mohan, holder of 250 equity shares, failed to pay allotment and first call money. Directors forfeited his shares.Give the journal entries regarding the forfeiture of Mohan’s shares.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-18
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-19

    11.Ajay, Vijay and Sanjay were partners in a firm sharing profits in the ratio of 2:2:1. On 31st December, 2014, their balance sheet was as under
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-1
    Ajay died on 1st July, 2015. It was agreed between his executor and the remaining partners that
    (i)Goodwill to be valued at two years’ purchase of the average profits of the previous four years which were 2011 Rs 10,000; 2012 Rs 14,000; 2013 Rs 18,000 and 2014 Rs 12,000.
    (ii)Goodwill is not to be shown in the books at all.
    (iii)Building valued @ Rs 45,000, machine @ Rs 30,000.
    (iv)Interest on capital be provided at 12% per annum.
    (v)His share of profit for the year 2015 be taken as accrued at the same rate as that of the previous year.
    Prepare Ajay’s capital account as on 1st July, 2015.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-20

    12.A and B are partners sharing profits in the ratio of 3 : 2. They are doing the business of recycling old furniture and refurbishing them for sale. They admit C into partnership, C paying only Rs 3,000 for premium out of his share of Rs 5,000 for 1/4 share. Goodwill account appears in book at Rs 6,000. Pass the necessary journal entries for the treatment of goodwill.
    Identify the value shown by the partners in this case.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-21
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-22

    13.Tanu and Manu are equal partners. The balances of their capital account as on 1st April, 2014 were Rs 60,000 and Rs 40,000 respectively.
    Their partnership deed provides for the following
    (i)Interest on capital and drawings @ 5%.
    (ii)Salary for Manu @ Rs 1,200 per month.
    (iii) Commission to Tanu @ 2.5% on sales.
    During the year ended 31st March, 2015, the profit and loss account disclosed a net profit of Rs 50,400.
    Sales for the year ended 31st March, 2015 were Rs 2,40,000.
    Tanu and Manu drew Rs 16,000 and Rs 14,000 respectively during the year 2014-2015.
    The assets and liabilities of the firm as at 31st March, 2015 are plant and machinery Rs 60,000, stock Rs 18,000, bills receivable Rs 3,200, bank Rs 20,000, creditors Rs 8,800.
    You are required to prepare the profit and loss appropriation account for the year ended 31st March, 2015 and partners’ capital account.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-23
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-24

    14.(i)Pass necessary journal entries for the redemption of debentures in the following
    case in the books of Jain Ltd.
    Purchased for immediate cancellation 930, 12% debentures of Rs 1,000 each at Rs 975 each.
    (ii)Aijun Ltd issued 10,000, 9% debentures of Rs 100 each on 1st April, 2015 redeemable at a premium of 8% after 10 years. According to the terms of prospectus, Rs 40 is payable on application and balance on allotment of debentures. Record the necessary entries regarding issue of debentures.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-25
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-26

    15.S and T were partners from 1st April,2013 with capitals of Rs 1,20,000 and Rs 80,000 respectively. They shared profits in the ratio of 3 : 2. They carried on business for two years. In the first year ended 31st March, 2014, they earned a profit of Rs 1,00,000 but in the second year ended 31st March, 2015, a loss of Rs 40,000 was incurred. As the business was no longer profitable, they dissolved the firm on 31st March, 2015.
    Complete the realisation account, partners’ capital account and cash account.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-2
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-3
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-27
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-28

    16.Rihaan Ltd issued a prospectus offering 2,00,000 equity shares of ? 10 each, at a premium of ? 2 per share, payable as follows
    On application Rs 2.50 per share; on allotment Rs 4.50 per share (including premium) on first call (three months from allotment) Rs 2.50 per share and on second call (three months after call) Rs 2.50 per share.
    Subscriptions were received for 3,17,000 shares on 23 April, 2015 and the allotment made on 30th April, was as under Shares allotted
    (i)Allotment in full (two applicants paid in full on allotment in respect of 4,000 shares each)38,000
    (ii)Allotment of two shares for every three shares applied for 1,60,000
    (iii)Allotment of one share for every four shares applied for 2,000
    Cash amounting to Rs 77,500 (being application money received with applications on 31,000 shares upon which no allotments were made) was returned to applicants on 6th May, 2015.
    The amounts called from the allottees were received on the due dates with the exception of the final call on 100 shares. These shares were forfeited on 15th November, 2015 and re-issued to Aon 16th November for payment of Rs 9 per share.
    Record journal entries, other than those relating to cash in the books of Rihaan Ltd.
    or
    Sambhav Ltd issued a prospectus inviting applications for 3,000 shares of Rs 100 each at a premium of Rs 20 payable as follows
    On application Rs 20 per share; on allotment Rs 50 per share (including premium); on first call Rs 20 per share and on second call Rs 30 per share.
    Applications were received for 4,000 shares and allotments made on pro-rata basis to the applicants of 3,600 shares, the remaining applications being rejected. Money received on application was adjusted on account of sum due on allotment.
    Charu to whom 360 shares were allotted failed to pay allotment money and calls money and her shares were forfeited.
    Arhaan, who was allotted 200 shares, failed to pay the two calls, her shares were also forfeited. All these shares were sold to Nishant as fully paid for Rs 80 per share. Show the journal entries in the books of the company
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-q-1jpg_Page1
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-29
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-30
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-31
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-q-2jpg_Page1
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-32

    17.A and B are partners in a firm with equal ratio
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-4
    Adjustments
    (i) C comes for l/5th share and brings capital 1,00,000 and premium 20,000 out of Rs 30,000.
    (ii)New ratio 2:2:1.
    (iii)Rs 10,000 included in creditors are not likely to be paid.
    (iv)Patents are valueless.
    (v)10% provision for doubtful debts on debtors out of general reserve.
    (vi)Capitals of A and B be adjusted in new ratio and difference to be adjusted in cash.
    Prepare revaluation account, partners’ capital account, bank account and balance sheet.
    or
    A, B and C are partners with 2:2:1 ratio.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-5
    Adjustments
    (i)C takes retirement.
    (ii)New profit sharing ratio between A and B is 11 : 9 and goodwill of the firm is valued at Rs 40,000.
    (iii) Investment is taken over by C at Rs 15,000.
    (iv)Rs 6,000 worth unrecorded typewriter is taken by A at Rs 5,000.
    (v)Building increase by 10%.
    (vi)Rs 10,000 paid to C in cash and the balance transferred to his loan account.
    Prepare necessary accounts and balance sheet.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-33
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-34
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-35
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-36
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-37
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-38
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-39
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-40
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-41

    Part B
    (Financial Statements Analysis)

    18.Dividend paid by bank is classified under which kind of activity, while preparing
    cash flow statement.
    Ans.Financing activity

    19.While preparing cash flow statement, the accountant of RST Ltd considered interest received on investment as a financing activity? Is the treatment correct?
    Ans.No, the treatment is incorrect as interest received on investment is an investing activity.

    20.(i) Name any six items that can be disclosed under reserves and surplus.
    (ii) What is the interest of customers, in the analysis of financial statements?
    Ans.(i)Six items that can be disclosed under reserves and surplus are
    (a) Capital Reserve (b) Securities Premium Reserve
    (c) Capital redemption Reserve (d) Debenture Redemption Reserve
    (e) Revaluation Reserve (f) Surplus i.e. Balance in Statement of Profit and Loss
    (ii) Customers are interested in information about the continuance of an enterprise, especially when they have a long-term

    21.From the following balance sheet of Kushal Ltd as at 31st March, 2015 and addi­tional information, calculate the debtors’ turnover ratio and debt collection period
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-6
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-7
    Additional Information
    (i)Credit sales of Rs 15,00,000 and cash sales of Rs 2,50,000.
    (ii)Trade receivables in the beginning of the year were Rs 4,50,000.
    Write the value shown by the business in maintaining such a debtor’s turnover ratio. Industry average being 3.
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-42

    22.From the following comparative balance of RST Ltd. Calculate total asset to debt ratio and proprietary ratio.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-8
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-43

    23.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-9..
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-10..
    Additional Information

    (i)Investments costing Rs 4,000 were sold during the year 2014-15 forRs 4,250.
    (ii)Provision for taxation made during the year was Rs 4,500.
    (iii)During the year, part of the fixed assets costing Rs 5,000 was sold forRs 6,000 and the profit was included in the statements of profit and loss.
    (iv)Dividend paid during the year amounted to Rs 20,000.
    You are required to prepare the cash flow statement
    Ans.
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-44
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-45
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-46
    CBSE Sample Papers for Class 12 Accountancy Solved 2016 Set 9-47

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