Class XII

Subject- Accountancy

Time Allowed : 3 hrs Maximum Marks : 80

General Instruction :-

(a) Marks of each question is indicated against the question.

(b)All questions should be attempted.

Q.1 Name any two tools of financial Analysis? 1

Q.2 Under what Heading (subheading) following items will be shown in the balance- 2
sheet as per part 1 of schedule vi of company act ?
Bills receivable, stock in Trade, livestock, loose tools, unclaimed dividend,
proposed dividend.

Q.3 Prepare a comparative Income statement with the help of the following 4
information
Particulars 2009 2010
Sales 10,00,000 20,00,000
Cost of goods sold 60% of sales 70% of sales
Indirect Expenses 10% of Gross Profit 10%of Gross profit
Income Tax 50% if Net Profit 50% of Net Profit
Before Tax Before Tax

Q.4 The Balance Sheets of Shine Ltd. As on 31st March, 2009 and 2010 are given below:

Shine Ltd. Balance sheets as on 31st March, 2009 and 2010

Particulars 2009 2010

Shareholders Funds: 548000
Share Capital 548000 304000
Reserves and Surplus 304000 852000
852000 200000
Liabilities: 1192000
596000
Secured Loans 200000
1988000
Unsecured Loans 1192000 2840000
Current Liabilities and Provisions 596000 0
1988000 1136000
Capital and Liabilities 2840000 12000
Assets: 852000
Fixed Assets (Net) 1136000 660000
Investments 12000 180000
Inventories 852000 2840000
Debtors (Net) 660000
Cash
Total Assets