No. of Printed Pages : 23 4240239 6718 I renal Register Number| PART-II SevIsGuusleMwue / ACCOUNTANCY (sil wip Hue auf) / Tamil & English Versions) Gp :3 wen] [ Grogs wAlsCluieisrstr : 200 Time Allowed : 3 Hours ] [Maximum Marks : 200 aiplaysor : (1) @ soaps Aaréss5b slurs UGaind eeragn crémigeren sfluMmisgs Aendrorayd. sesso GpulGuAcn sep seérsresficunenfib 2. omgusmess Qs MeMsaayto. fob sag) 5G LY onoar WE OCDerQgashEL UWcUGss CadrOb. ULmisdr cerraghGd, SysCamrg Gage Aucrdd LUaUuGssayd Instructions: (1) Check the question paper for fairness of printing. If there is any lack of fairness, inform the Hall Supervisor immediately. (2) Use Blue or Black ink to write and underline and pencil to draw diagrams. UGH - 21 / PART-A SM: gononsg AonndsersGd eilenwoflawayd. 30x1=30 Note: Answer all the questions, 1 Gang Qrissenen Hcy. Fill in the blanks. 1 aL ésclom Boas _ Baw QHAo og Gapan 2155 Aeraudes Opp evsAqoy SUI LUG. Closing stoekiis valued at cost price or price whichever is lower. 2 QGUY Boos GAUGE sehsGsrt Ssron serezuy HgssO AG Ss sss sm_ OSH Carsin Grd. Provision for discount on creditors is deducted from in the balance sheet, [Bqiys / Tum over6718 10) 2 14.2013 Q@tumiale eumSlss_or F 5,00,000 autudl autg of stb BeTHSG 12% aug Gags swig) F 30,000. 31.3.2014 seg) Hgimauded odran aut & The trial balance shows a Bank loan @ 5,00,000 at 12% interest on 14.2013. Interest paid is € 30,000. Interest outstanding is _ 6m31.3:2014- OG ULesrar sGeGuins Apmis MCC gwd ocrorgy Cash budget is useful tool for 8G flow afims __ Gurengy Ga rpipwafleeud. A Statement of Affairs resembles as a piuUt gG_____. Geng Goodwill is an __ asset. QupHArsHor Aueer flere % 4,00,000. Apso qgouLr. @amuwd % 36,000 crafld, QubH pss lO wAiy & If the selling price of a machinery is € 4,00,000 and profit on sale is % 36,000, the book value of the machinery is@ Gssossc 3 / Cpinonend sends pen LUG S5IUGS ng) method of depreciation is used in the case of lease. ASO ASr_SsHAe spoA HUME w§|Ly F 33,000. eer O Qysude spsAGUG WAY 717,000 cal spre s7pSAGUIE wHUY The opening stock and the closing stock are & 33,000 and & 17,000 respectively. The average stock is _ OG GuTQider wAGYy sPshsgCungy ogy —_ When the value of liabilities increases, it results in Qanongid.3 LL. LAitbgyst7 Maru Qouupees Aide ____ uss sd Gprénpi Undistributed Profit will appear on the side of the balatice sheet. 12. Aprés HLL gwd créapid sienpssiiuiGamgy Cash budget is also called as 13, AAsmsd AnasnsHor prouy Gegisgions Apewer 21a @Slanpen. ratio measures the firm's ability to pay offiits current dues. 4. OG Seyptys@shearGu QGgss CGagryw sra Qor_Gaah ___ 4@0 There should be a gap of __ between two calls. 15. @G Hw gemg F10 oA LLYeLu! 100,000 LMGSeer Aung wsK FES, Carafes. saupHled 70,000 UGsener ow OCo Qurgwwsscr eumius GUYS Gsramnd oS gwSHer QUdU eso F AG. ‘A company issued 1,00,000 shares of € 10 each to the public but only 70,000 shares were subscribed. Its subscribed capital is % Asr@ssuler ape Morse Msqb qgpyou Merudener G5iASOSs GHuILGLen Aer uvlmonuy Geiss oepss Choose the most suitable answer from the given three alternatives and write the option. code and the corresponding answer. 16. Gan@ur Galeiigin umans EG (91) Quam} (3) Genégu (Q) agiorand Rent outstanding is : (a) aliability (b) an asset (©) an income 17. ¢@LL) Spren aut, slsssUuGaug (SaqurangADG ss (B) PENA GES (Q) Gea ops Interest on drawings is deducted from : (a) Income Account — (b) Capital Account (c)___ Expense Account [s@uys / Ton 6718 over6718 18. 19. 20. 21. 4 Gwrds om wmppIUGw sos (21) sed sandg (%) Qomu pir sens6 (Q) Qanhe gTEsevena Gross profit is transferred to : (a) capital account (b) profit and loss account (c) none of these SLoH AipLicnancous 1H asad sonsG (+) Case sdeNu wompgsELO sense (94) Gongs sLonraflsdr seoig (Q) Gung sLahiGamit semi6 Credit sales is obtained from : (a) bills payable account (b) total debtors account (©) _ total creditors account % 10,000 9615 G 10% oid Gonmpg Aad wy cpenpuded Gsinoremd Sai ned Pd 3 KanGs Ose Gpinoreng Agronsuler Qonsgid : (<1) & 2,107 (<9) & 2,710 (Q) = 2,701 Total amount of depreciation provided on the written down value method at the rate of 10% per annum on ® 10,000 for first three years will be : (a) % 2107 (b) %2710 () % 2701 BG SloiconsSslen GL Genggisscr F 80,000 pod BLY Gump yescir % 40,000 crafled, BLY DAS — 46. (91) 1:2 (<9) 1:1 (Q) 2:1 If current assets of a business concern is % 80,000 and current liabilities are % 40,000, then the current ratio will be : (a) 1:2 ) tet © 2:122. 23. 24. 25. 5 6718 ACLLOUCGWd AaohUGSgIES (91) Loom (24) siogaaflen creireasens (Q) Lemd wigd s1agsaflér creirenféscos Budget is expressed in terms of : (a) money (b) physical units (©) money and physical units Hlonaepse qpenpiIe sai nohiGs GanrGssiUiGid eagund USwiGergy (21) BLY sends (-2) (pBe somrdHe (Q) BLY seniG sidag (psd seméAd Under fixed capital method salary payable to a partner is recorded : (a) in current account (b) _ in capital account (c)_ either in current account of capital account 0G Agwd AGES Foagll sPsuLs senypliysaticr creiranflsonss : (<1) peng (4) Qrar@ (9) wenn The maximum(calls that a company can make is : (a) one (bv) two (©) three ACL HogdGurg usu Qom udia AAssAS Gs) LOU Gomi Lara AAssmss aYflésre eo Ougs AAI G1. (21) emu (3) wae (Q) Suinsid At the time of retirement of a partner the difference between New Profit ratio and Old Profit ratio is ratio. (a) Gaining (b) Capital (0) Sacrifice [A@tys / Tum over6718 26. 27. 28. 29. Uslu sa Lmafl Baitdeoauden senrésAUUG8DS) (21) amu ABs — (44) Ysd AAs (Q) Huns old is calculated at the time of admission of a new partner, (a) Gaining ratio (b) Capital ratio (c) Sacrificing ratio POLI PUYS Sessa cujoy oussULL Agrers T 700. gocnpoy Ass UGsSeHer op GaahuiG Geiss cumasudd BLL z 200 crafle wsSen smiy @ (21) % 400 (<4) = 500 (Qy'%300 ‘The amount credited to share forfeited account is € 700. The loss on reissue of forfeited shares is € 200. Capital Reserve will be (a) 400 (&) % 500 (9) % 300 2010 ggenaufl 1 -& sLofipGgmt F1,21,000. 2010 qari 31-0 seGgmit Agree % 130,000. Samana s_ aAPCsrGsG mails5 Apréord % 2,09,000 cra sidianemyd sien Qancrepsa Bw. (81) & 2,00,000 (<4) %)2,09}000 (Q) ® 2,18,000 Creditors on 1.1.2010 is & 1,21,000 and on 31.12.2010 is & 1,30,000. Cash paid to creditors during the year is €12,09,000 then the credit purchases during the year is: (a) © 2,00,000 (b) % 2,09,000 (©) %2,18,000 Ggiorend ghuQagy (21) Genég) Cgieron_augired (3) Qengslerr ssonscMena Genpaisred (Q) Lens Pier os\iy Gepagna Depreciation arises due to : (a) Wear and tear of the asset (6) Fall in the market value of asset (c) Fall in the value of money7 6718 30. UG see Sood aU poy AswuywCUTG HSHowsSSer UG esd (21) 265 flo Qasew (<4) Gapuyjo (Q) sBahsgw When shares are forfeited the share capital of the company Will : (a) remain same (b) reduce (increase UGS - 24 / PART -B GOGY: (i) ctomuGugyd usg Mensa epsG Monwoflssayd, 10x5=50 i) sG@SHWS sripg Aerrsscr QaiGeunenHi Ed 50 anrseng e556 Wlamoed cHle_weaflsaeyid. Note: (i) _ Answer any ten questions. 31. 32. 33. 34. 35. (i) Answer to theory questionis should not exceed 50 words each. Salgujorer euchiomemnb crepe crenen_ 2 What is accrued income ? Aprésc Qunsdscr ppslonens snn15. Give five examples for cash receipts. dant Uday Hanse csopAlossemd ses. Define single entry system. VposgiuseG gpane Esirorend saméHOSO UH GAY cvenys Write notes on revaluation method of depreciation. Lis QOLApLY crenpred erénon 7 What is forfeiture of shares ? { Beptuys / Turn over6718 36. 37. 38. 39. 40. 2uwit Qeomurd cranpred créer 2 What is super profit ? AAS - rerpAossamd 555 Define Ratio. QupAsAer 8g) Cound F 25,000. sflés_ QUusa, wmpPHUusay SGs. Give adjusting entry and transfer entry for Depreciation on machinery & 25,000. Spésam Aaupiisonard AsreinG ApccnsHer omusers seine Ggmés psd — % 1,60,000 Qo8 ws % 180,000 eOuy 36,000 OSH (Sd % 10,000 What shall be the profit of the concern if : Opening capital 1,60,000 Closing capital & 1,80,000) Drawings % 36,000 Additional capital % 10,000 ergs Aeuptssenenss Qenein O SpAGsr-@ wapule Csinore oAdigid sanasiOs Gens Her oS5eMlen@ % 1,00,000 Qos vsuy % 10,000 LwereflLity Bred 10 in Qecr Fi the folk ic From the following particulars find out the rate of depreciation under straight line Cost of assets 7 1,00,000 Residual value % 10,000 Estimated life 10 years