12th Class Accountancy Private Paper 2013 Jkbose Jammu PDF Download

12th Class Accountancy Private Paper 2013 Jkbose Jammu PDF Download

12th Class Accountancy Private Paper 2013 Jkbose Jammu PDF Download

Part – A

(Long Answer Type Questions)

1.   Delhi Club has given to you the receipts and payments account for the year ended 31-03-2012.

Receipts and Payments Account

Receipts	Rs	Payments	Rs
To Balance b/d To Subscriptions:     31-03-2011     31-032012 To Donations To Entrance Fee   (To be capitalized)	5000 2000 10000 1000 2000	By Sports equipment By Salaries and wages By Office Expenses By Electric Charges By Telephone Charges By Balance c/d	t 7000 3000 400 600 600 8400
	20000		20000

(i)                 In 211 subscriptions for 2012 was received Rs. 1000

(ii)               Outstanding subscription Rs 1500

(iii)             Outstanding salaries and wages Rs 1000

Prepare from the above particulars, income and expenditure account of the club.

Or

2.  During the year 31-03-2012 Srinagar Sports Club receive rent Rs. 25,000. The other details of rent are as follows:

31-03-2011                                   31-03-2012

Rs                                Rs

Rent received in advance                                2,000                           3,000

Rent receivable                                               1,000                           4,000

Show the relevant items in Income and Expenditure Account and in the opening and closing Balance Sheets.

A and B are partners sharing profits in the ratio of 3 : 2 with capital of Rs. 50,000 and Rs 30,000 respectively. Interest on capital is agreed @6% p.a. B is to be allowed an annual salary of Rs. 2,500. During 2011, the profits of the firm prior to calculation of interest on capital but after charging B’s salary amounted to Rs. 12,500. A provision of 5% of the profit is to be maintained in respect of manager’s commission. Prepare an account showing allocation of profit and partner’s capital accounts.

Or

Show how the following will be recorded in the capital accounts of the partners Rajesh and Sameer when their capital are fluctuating:

                                                                        Rajesh                                    Sameer

                                                                        Rs                                Rs

Capital on 1-1-2011                                        48,000                         30,000

Drawings during 2011                                                  5,000                           4,000

Interest on Capital                                               10%                               5%

Interest on Drawings                                          125                              100

Share of Profits for 2011                                  6,000                            5,000

Partners Salary                                                  3,600                                -

Commission                                                         700                               300

3.  Hina and Mina are partners in a firm, sharing profits and losses in 2  :  1 ratio. Their Balance Sheet as on 31^st March, 2011, is as follows:

Balance Sheet

Liabilities	Rs	Assets	Rs
S.  Creditors Bills payable Capital:     Hina:  30,000     Mina;  21,000	18,000 7,000 51,000	Cash Stock Debtors Furniture Machinery	8,000 11,000 15,000 20,000 22,000
	76,000		76,000

Seema is admitted for 1/3^rd share into the firm on the date of balance sheet. It is decided that:

(i)                 Seema is to bring Rs. 12,000 as his Capital.

(ii)               Stock is decreased by Rs.  2,000 and furniture is valued at rs. 23,000.

(iii)             Machinery is to be depreciated by 5%.

(iv)             S. Creditors have given up claim of rs. 550.

Prepare capital account of partners and Balance sheet after Seema’s admission.

Ek like toh banta hai

or

*More Private Paper*

More

*Commerce paper*