ACCOUNTANCY - 2007 (A)
Commerce (Compulsory)
Full Marks – 80 Time – 3 Hours
Candidates are required to give their answers in their own words as far as practicable.
Figures in the margin indicate full marks.
General Instructions :
(i) This question paper contains three Parts – ‘A’, ‘B’ and ‘C’.
(ii) Part ‘A’ is compulsory for all candidates.
(iii) Candidates can attempt only One Part of the remaining Part ‘B’ and ‘C’.
(iv) All parts of questions should be attempted at one place.
Part – A
1. Calculate amount of goodwill on the basis of 2 years purchase of average profits of last 5 years. The profits for last five years were Rs. 10,000, Rs. 12,000, Rs. 15,000, Rs. 18,000 and Rs. 20,000. 4
2. Define ‘company’. Distinguish between Private Company and Public Company. 4
3. Explain Average Profit, Normal Profit and Super Profit. 3
4. X, Y and Z are partners sharing profits and losses 4 : 3 : 2. Now they decided to share profit equally in future. Calculate their sacrificing or gaining ratio. 5
5. Explain rules applicable in absence of Partnership Deed. 4
6. Sun, Moon and Star are partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as on 31st March, 2006 was as under :
| Liabilities | Amount (Rs.) | Assets | Amount (Rs.) |
| Creditors Bills Payable General Reserve Capital : Sun Moon Star | 8,000 7,000 5,000 - 25,000 15,000 10,000 ……………… 70,000 | Bank Stock Bills Receivable Debtors Investment Machinery | 6,000 10,000 4,000 20,000 12,000 18,000 ……………… 70,000 |
On above date Moon was retired and goodwill was valued at Rs. 30,000. Following adjustments are made in above Balance Sheet :
(a) Stock was increased by 10%
(b) Make provision for doubtful debts @ 5%
(c) Outstanding wages Rs. 1,000
(d) Investment was overvalued by Rs. 3,000.
Prepare Revaluation A/c and Balance Sheet after retirement of Moon. 8
7. M. Ltd. offered 1,00,000 equity shares of Rs. 10 each at Rs. 12 per share, payable Rs. 3 on application, Rs. 5 on allotment (including premium) and balance on first and final call. Applications received for 90,000 shares. All calls were made and received except Mr. Krishna who failed to pay allotment and call money on 600 shares. His shares were
forfeited and reissued at Rs. 9 per share fully paid.
Pass Journal Entries and prepare Balance Sheet of the Company. 8
8. Ram Ltd. purchased assets of Sita Ltd. at Rs. 3,80,000. It issued 10% debenture of Rs. 100 each fully paid for it. What journal entries will be passed in the books of Ram Ltd. in each case ? Such issue is (a) at par, (b) at 5% discount, (c) at 25% premium. 8
9. Ganesh, Vishnu and Mahesh are partners sharing profit and losses in proportion of 3 : 2 : 1. Their capitals on 30th June, 2006 stood at Rs. 6,000, Rs. 4,000 and Rs. 2,000. The firm’s liabilities on that date amounted to Rs. 6,000. In addition Mahesh had loaned Rs. 1,200 to the firm. They dissolved the partnership on that date. Expenses of dissolution amounted to Rs. 1,200 and assets realised Rs. 28,800.
Open necessary accounts to close the books of the firm. 8
10. Jadeja and Tendulkar share profits in the ratio of 3 : 1. On 31st March, 2006, their Balance Sheet was as under :
| Liabilities | Amount (Rs.) | Assets | Amount (Rs.) |
| Creditors General Reserve Capital A/c. : Jadeja 30,000 Tendulkar 16,000 | 37,500 4,000 - - 46,000 - - ……………… 87,500 | Bank Goodwill Bills Receivable Debtors Stock Furniture Land & Building | 12,500 10,000 3,000 16,000 20,000 1,000 25,000 ………………… 87,500 |
On 1st April, 2006 Dhoni was admitted into partnership on the following terms :
(a) Then Dhoni pays Rs. 20,000 as capital for a fifth share.
(b) Stock and furniture be reduced by 10% and 5% provision for doubtful debts be created.
(c) Value of land and building be appreciated by 20%.
(d) Share of Goodwill of Dhoni be valued at Rs. 8,000 which he brings in cash.
(e) That capitals of partners be in their profit sharing ratio, necessary amount being paid in or withdrawn.
Give Revaluation Account, Capital Account and Balance Sheet after admission. 8
Part - B
11. Draw up proforma of Balance Sheet in horizontal form as per requirement of Schedule VI of the Companies Act, 1956.
3
12. Explain meaning and importance of Financial Statements. 3
13. Give specimen of comparative Income Statement for two years. 3
14. The Balance Sheets of X Ltd. as on 31.3.2005 and 31.3.2006 were as follows :
| Liabilities | 31.3.05 | 31.3.06 | Assets | 31.3.05 | 31.3.06 |
| Share Capital General Reserve Profit & Loss A/c. 10% Debentures Creditors | 90,000 10,000 20,000 - 37,400 - - - ……………… 1,57,400 | 1,30,000 15,000 30,000 20,000 42,000 - - - ……………… 2,37,000 | Fixed Assets Investment Stock Debtors Bills Receivable Bank Preliminary Expenses | 93,400 15,000 22,000 3,000 18,000 4,000 2,000 ……………… 1,57,400 | 1,66,000 - 26,000 39,000 - 5,000 1,000 ……………… 2,37,000 |
Additional Information :
Depreciation on Fixed Assets was written off Rs. 23,400, Dividend was paid Rs. 20,000. Prepare schedule of changes in Working Capital and Fund Flow Statement. 5
15. Compute cash from operation from the following : 3
| 2005 (Rs.) | 2006 (Rs.) | |
| Profit and Loss A/c. | 1,10,000 | 1,20,000 |
| Debtors | 50,000 | 62,000 |
| Outstanding Rent | 24,000 | 42,000 |
| Goodwill 76,000 | 80,000 | 76,000 |
| Prepaid Insurance | 8,000 | 4,000 |
| Creditors | 26,000 | 22,000 |
16. Current Liabilities of a Company are Rs. 5,60,000, Current ratio is 5 : 2 and Quick ratio is 2 : 1. Find out Value of Stock. 3
Part - C
17. Explain with one example Multi-Group Ledgers or Single-Group Ledgers. 2
18. Develop and depict ER Model for the accounting reality. 2
19. Explain the concept of Data Model with the help of an example. 2
20. Write a series of queries to process the transaction data in such a manner as to result into information on Trial Balance. 4
21. Explain the concept of Relationship Degree. How is it different from relationship type ? Give an example for each. 6
22. Formulate the SQL statement for answering the following queries for an assumed design of an accounting reality : 1+1+2=4
(a) List itemwise the quantity sold during the month of September, 2005.
(b) Find the minimum and maximum rate of which each item of goods has been purchased during the month of October, 2005.
(c) Make a list of Invoice No., Date and amount of purchase during the period April 1, 2005 to 31st March, 2006
grouping them monthwise.
MUSIC - 2007 (A)
(Optional)
Full Marks – 30 Time – 2 Hours
Candidates are required to give their answers in their own words as far as practicable.
Figures in the margin indicate full marks.
General Instructions :
(i). Answer all questions.
1. Write the definitions of these with examples : 4
Raga, Alankara.
2. Write the ‘‘Time-theory’’ of Ragas. 5
3. Write a short note on the history of Indian Classical Music. 4
4. Write the Aroha, Awaroha and Pakara of Raga ‘Bhairawa’. 6
5. Write the name of concerning Ragas recognising these Swaras : 4
(a) Ni Sa Ga, Ma Pa, Ga Ma Ga
(b) Ni Sa Ga, Ma Pa, Ni Dha Pa, Ma
6. Write the notation of Sthayi of any one Raga of your syllabus. 7
HOME SCIENCE - 2007 (A)
(Optional) - Arts
Full Marks – 70 Time – 3 Hours
Candidates are required to give their answers in their own words as far as practicable.
Figures in the margin indicate full marks.
General Instructions :
(i). All questions are compulsory.
(ii). Read each question carefully and answer to the point.
1. What are emotions ? 1
2. What is immunization ? 1
3. What is the average height of 3 year’s old child ? 1
4. What is the best food for infants ? 1
5. What is pre-school age ? 1
6. Name different types of fevers. 1
7. Write the importance of motor-development. 2
8. Why requirement of energy increases in adolescence ? 2
9. Name the minerals which are important in the diet of a lactating mother. 2
10. What do you understand by the Principle of Liquidity ? 2
11. What rules should be observed while cooking, serving and eating food ? 2
12. Write about the adverse affects of food adulteration. 2
13. Differentiate between Direct and Indirect income. Give one source of each type. 2
14. What foods are required in more quantities by a lactating mother ? 4
15. Discuss the effect of colour on personality. 4
16. What is a label ? Give qualities of a good label. 4
17. Why do you think better to buy a ready-made dress ? 4
18. Write down the steps of laundering clothes at home. 4
19. ‘‘Money is one of the deciding factor in the selection of clothes.’’ Justify the statement. 5
20. What are the advantages of savings ? Write in detail. 5
21. Write a brief note on various Insurance Policies. 5
22. You have purchased mustard oil from the market. It does not have natural flavour. Why is it so ? What are its adverse effects on your health ? 5
23. Write about the advantages and disadvantages of soap and detergent. 5
24. Elaborate on the benefits and drawbacks of investing in L.I.C. and Post Office. 5