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2

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Rs. Rs.
i ii raa zraa
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i in li ,aa,aaa
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il-i i i a,aaa ., i ^i i i in li sz,aaa ., lii ii
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3

z -ni i ^ li-i ii - i n ni; `
zz , ^i; , | | in - ii ril l^iiln n r ini r| s -i
za i i l- -i ; i ii
Balance Sheet as on 31st March 2011
Sundry Creditors 30,000 Cash in head 8,000
Bills Payable 7,000 Sundry Debtor's 28000 25,000
General Reserve 9,000 Less-Provision for bad- debts 3000
Capital
X - 36,000 Stock 4,000
Y - 12,000 Goodwill 5,000
Z - 24,000 72,000 Furniture 9,000
Plant & Machinery 65,500
P&L A/C 1,500
1,18,000 1,18,000


1 za i ^ii n ri ni r | l l- li l n
1. i- ^ -i|| i - ~ raaa - li ini|
2. | i -~ raaa n i-ii i^|
3. --i i - ~ a% ii i nii iln i - ~ saaa . li i| iln
iini -ni - r| liii r|
4. ii r% li ~i i^ii i ii i nii raa . -i i ii
li i|
5. ^i; i ii^| iii i sz - i- i li n r|
6. ; - | | ra,aaa . l-i | i i iiril in - i i ^
i -iiln | i|
7. i ili ~i iin - r-ninln | r| - ~i iini ^ in ii
| | iin i; `
i^i
i- ^ r|- z in - iiril i-n r ini r s l- zaas i i
l- -i l- i r
Balance Sheet
as on 31 Dec 2010
Liabilities Rs. Assets Rs.
Capital Furniture 38,000
Ram - 30,000 Stock 22,000
Rahim - 30,000 60,000 Debtors - 20,000
Bank Loan 12,000 Less- Provision for
Bad-debts 4000
Creditor's 8,000 Cash in hand 4000
80,000 80,000
4

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1
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(i) ini ^i l- li l n
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(iii) | i -~ sraaa n i-ii i|
(iv) rlni i - ~i zraaa . li i|
(v) l| i ii saaa . -ni - liii i|
(vi) ~i i i nni li i|
(vii) i| inii | | ii ril l^ii in - rin|| ; l i^ni i
- ii| in| i li| in|| - | -ni - i^ l^l-i |l|
s
zs. -| - aa . ^i zraaa -ni i ni i ln l-n l| ii ilii ;
i i|
(i) ii i sa i
(ii) - ra . (a i |l-- lrn)
(iii) i- ^ ln- -in sa .
saaaa ii l i^ in r | a,aaa ii ili i i i; - r| li
ni i | i^ ili i-ii | n; | ii ili i i ii in - li
ni| l l zra ii i - li ni ii, i- ^ ln- -in | ili
r| i; i| iiili - i nni li| n ^rii |
-| | -ni - l^l-i |l| s
iin |
z l^-i| l^ii i ni; `
zr. li li i r `
zs. -| | i -l-ni s,aa,aaa nii i il-^ s,za,aaa z
nii nni in r r| --i i - ~ nin |l `
z/. i ^ir l^^i ^ i l^^i - i - n ni;| z
zs. l- ii iii i-ni in nin |l
Share Capital 5,00,000, Long term liabilities 12,50,000, Fixed Assets 18,00,000, Current Assets 12,00,000 Current
Liabilities 12,50,000
zs. l-iln ii li lii i ^ir | nii -i l^li |l|
(i) l- -i i -ii iin ^i i i z,aa,aaa . i ii -ii|
Depreciation 10,000 Rs.
Goodwill written off 5,000 Rs.
5

Transfer to General Reserve 10,000 Rs.
Profit on Sale of Land 5,000 Rs.

(ii) ^i i-i ^ n - i -l-ii ^ il-^i | l-iln l- i r
Opening Balance Closing Balance
Rs. Rs.
Debtors 12,000 15,000
Creditors 15,000 10,000
B/R 10,000 8,000
Prepaid Exp. 6,000 4,000
sa. l- ii -iii l- -i i;
zaa za
Equity Share Capital 10,00,000 10,00,000
Fixed Assets 12,00,000 14,40,000
Reserve & Surplus 2,00,000 4,40,000
Investment 2,00,000 2,00,000
Long term loans 6,00,000 6,00,000
Current Assets 6,00,000 6,20,000
Current liabilities 2,00,000 2,20,000
i^i
ii in i r ` ; -r-^ ii il ` s

iin |

1. Write the full form of AIS 1
2. Which function results can be displayed in auto calculate ? 1
3. What is coding ? And describe methodology to develop coding structure and coding 2
4. What are the salient features of computerized accounting system ? 2
5. Describe tally 9.0 and what are the new features of 9.0 and explain the various items of the tally screen ?
2+2=4
6. (a) Write various steps to create a table "employee"
(b) What is the main purpose of " Report object in access program ? 2+2=4
7. (a) Write down the difference between formula and function
(b) Write steps for creating a Pie chart in excel.
(c) Describe the basic payroll components. 2+2+2=6
6


-i-ii

. ini| - - | iin i | i l^lii r
(i) l^n i| | ,ln (ii) -ii| i l-i | ,ln
z. i in

1 - 1/3 = 2/3

A i i in = 2/3 x 35 = 6/15
B i i in = 2/3x2/5 = 4/15
C i i in = 1/3x5/5 = 5/15
s r
s. --iii -~i iin l,n| iin - ii ii n ii i ril i i in ii |
iin - i in - r-ninln n r ; n n iin ; ili i| inii
| iini - in l^|n l^l- | in| r|
. n |^ |-i il| iin - ln^i i n l l-- i ili i iiril
iin i n r|
r.
n i iii ini| i -i ini| - -i
i ini| i i i li
lni | ii
l i| ii i
i r | ; i i -
l| i| ii l^n
ini| i -ii
ini| - i -i i i
- ,ii iil lii |
-iln r |
z ^i i i| ri ini| -i i i| -
| i- ^i n|
r |
- | -iln i^il
li i| r| rn| r |
s -iln ini| | -iln ini|
-i | -iln rii i^
r| r |
- | -iln ini| -
| -iln -^n ri in| r |
l-ilni ini ^i, ^ii n ri
, - - ri , ii
ril in l^n ini|
| -iln i ii rin r |
- i -i inii |
| ;si nii ii
ii ri ni r |

7

s. l i; iii| l| i| ii i nni - l- ni r ni ln i ^ ^
nili i^iii nn n ii i n li ini r nii n ii i r|
ii i ri rn r|
/. l -| ~iiili i nni l| i| l^~ i in r ~ii i ^i
n| r ni ~ii i ii i rn r|
s. ii in ln - -in ili i -| l- - il-^ i - Current Laibilities lii -
Calls in Advance i- liii ini r|
s. aa - a . ln - ^ili i n r 100x40 = 4000
Less - in i 5x40 = 200
3800
Add - ln - i 3x40 = 120
| in ili 3920
a. zaaaa ii l^iiln z
aaaaraaaraaa
r| in = zz
aaasaaasaaa
n l^l-
A's Capital A/C 6000
To B's Capital A/C 3000
To C's Capital A/C 3000
11. i i in = i in ii in
B i ii = 3/6 or 1/2 - 3/10 or 2/10
C i ii = 3/6 or 1/2 - 3/10 or 2/10
Or 2 : 2 i i

z. ini| i ii^ - in ri ^i l-
(i) l| i| ini i ^ii - ^ n, -|i, i^i i; ill- r|
rini|
(ii) --n inii | | iiril -i in - i-i ini|
(iii) inii i | i r| li ini i r| iri i ^ li ini|
(iv) l i; ini | | lnln ~i i - i i ni ni s% ^ili
i rini| (i; i| z)
13. Share Capital A/C Dr. 5000
To Share Unpaid 3000
To Share forfeit 2000
(500 Share forfeited)
8

. li-i ii | l^i ini
(i) ;r -ni ii ^ lln iiii in i ^i lii rini r |
(ii) ;r -i| -i | i i i| ^i lii rini r|

r. Application Received Issued share
12000 5000

Appli. Reci. 12000 2000 10000
Alloted 5000 - 5000

- ili zaaaa
Less - i^ in ili raaa
-n^i i ili raaa
ii ili raaa ii

raaa
/
5000
x 200 zaa
i- in saa
ln i ii . ln x zaa = zaa,

s. Particular Rs. Rs.
(A) Subscription received during 2010 1,00,000
(B) Add-(a) Subscription outstanding as at (31-12-2010) 12,500 17,500
(b) Advance Subscription as at (1-1-2010) 5,000
1,17,500
(C) Less (a) Subscription outstanding as at (1-1-2010 4,500
(b) Advance subscription as at (31-12-2010) 6,000 10,500

Subscription Income for 2010 (A+B+C) 1,07,000 Rs.

17. Receipts & Payment Account
Receipt Amount Payment Amount
To Balance b/d By Rent 12000
cash in hand 10000
To Subscription By Balance c/d 43650
current year - 32000
last year - 6000 38000
To Sales of furniture 7500
(10000+2500)
To Sales of News paper 150
55650 55650
(Loss on sale of furniture will be shown in income & expenditure a/c)

18. A's Loan A/C

Date Particular Amount Date Particular Amount
March 31 To Cash a/c 42000 April 1 By A's Capital 120000
9

(30000+12000)
March 31 By Interest A/c 12000
March 31 To Balance c/d 90000
1,32,000 1,32,000
March 31 To Cash a/c 39000 March 31 By Balance b/d 90000
(30000+9000)
To Balance c/d 60000 By Interest a/c 9000
99000 99000
March 31 To Cash a/c 36000 March 31 By Balance b/d 60000
(30000+6000)
March 31 To Balance c/d 30000 March 31 By Interest a/c 6000
66000 66000
March 31 To Cash a/c 33000 March 31 By Balance b/d 30000
(30000+3000) By Interest a/c 3000
330000 330000


19. Machine a/c Dr. 380000
To Bank a/c 20000
To High life machine ltd. 360000
(Machine purchased and Rs. 20,000 paid in cash and the balance paid by issue of share)
(a) When shares are issued at par
High life machine ltd. Dr. 360000
To Share Capital 360000
(3600 shares of Rs. 100 each issued)
(b) When shares are issued at discount.
High life machine ltd Dr. 360000
Discount on issue of shares a/c 40000
To share capital a/c 400000
(4000 shares of Rs. 90 per shares issued at discount)
(c) When shares are issued at premium
High life machine ltd. Dr. 360000
To Share Capital a/c 300000
To Security Premium a/c 60000
(3000 shares issued at Rs. 120 per share )
W.Note -
No of shares will be calculated as follow.
(1) When shares issued at par 360000/10 = 3600 share
(2) When shares issued at discount 360000/90 = 4000 share
(3) When shares issued at premium 360000/120 = 3000 share


20. REALIASATION ACCOUNT

Particular Amount Particular Amount
To Sundry Assets 180000 By Creditors 30000
To Cash 30000 By Cash 90000
(Creditor payment) (Assets realized)
By Loss
P capital 45000
q capital 45000 90000
210000 210000


10

Working Note -
Assets - 100000+50000+30000 = 180000

21.
iii ^i lii i -ni i
iiii ^i lii ii iiii
iin iiii li ini r|
-ni ii ^ iiii il-i
i lii|
z | ^i| ^i lii i | | ^i|
iin | ^i | in| r|
-ni i | ^ |
^i | in| r|
s iiii iiii ln^i ii i
-i li i
l^ln n ri n| rn| r |
iiii l-i rn| r il
^ lii ln ri n| r|
l^n i|ni -ni i l^n | r| -ni ii - l^n li i
ni r|

zz. Revaluation A/c
Particular Amount Particular Amount
To Plant & Mach. 5000 By Stock 400
To Furniture 4000 By Provision for bed-debts 1600
(9000-5000) (3000-1400)
To Outstanding Exp. 1500 By Partner's Capital a/c
X = 4250
Y = 1417
Z = 2833 8500
10500 10500

Partner's Capital Account
Date Particular X Y Z Date Particular X Y Z
To P & L 750 250 500 By Balance b/d 36000 12000 24000
To Revaluation 4250 1417 2833 By G/R 4500 1500 3000
To Goodwill - 3000 6000 By Goodwill 2000 667 1333
To X's loan a/c 37500 By Cash 20500 1000
To Cash
To Balance c/d - 30000 20000
42500 34667 29333 42500 34667 29333

Or

Date Particular L/F Dr. Cr.
1 Bank/Cash a/c Dr. 25000
To Salim Capital 25000

2 Goodwill a/c Dr. 15000
To Ram 10000
To Rahim 5000

3 Ram's Capital A/c Dr. 7500
Rahim's Capital A/c Dr. 3750
Salim's Capital A/c Dr. 3750
To Goodwill a/c 15000
11



4 Provision Dr. 3000
Stock Dr. 3000
To Revaluation a/c 6000

5 Revaluation Dr. 9000
To Furniture 3000
To Outstanding . elec. charge 6000

6 Ram Dr. 2000
Rahim Dr. 1000
To Revalution a/c 3000

7 Bank loan Dr. 12000
To Bank/Cash a/c 12000

8 Rahim Capital Dr. 9000
To Cash/Bank a/c 9000

9 Cash/Bank Dr. 12000
To Ram's Capital 12000

Working Note -
Goodwill Calculation :-
25000x4/1 = 100000

Less - Capital (25000+30000+30000) = 85000
100000-85000 = 15000 Hidden Goodwill

For Cash

Particular Ram Rahim Salim Particular Ram Rahim Salim
To Goodwill 7500 3750 3750 By Bal b/d 30000 30000
To Revalution 2000 1000 By Goodwill 10000 5000
To Cash 9000 By Cash 12000 25000
To Bal c/d 42500 21250 21250

52000 35000 25000 52000 35000 25000

Closing Capital - 100000-25000 = 75000
2 : 1
50000 : 25000

New Ratio = 2 : 1 : 1

23. Bank a/c Dr. 1800000
To Equity share's application a/c 1800000
(Application money Received on 60000 E.S.@ Rs. 30 each)

Equity Shares application a/c Dr. 1050000
To Equity shares capital 750000
To Bank 300000
(Application money on 25000 shares from suffered to equity shares capital a/c )
12




Equity share allotment a/c Dr. 1250000
To Equity shares capital 1000000
To security premium 250000
(Allotment money due on 25000 shares @ Rs. 50 each in Rs. 10 premium)

Bank a/c Dr. 500000
Equity shares application a/c Dr. 750000
To Equity shares allotment a/c 1250000
(Excess application money adjusted forwards allotment and balance returned)

Equity shares first & final call a/c Dr. 750000
To Equity shares capital a/c 750000
(First call money due on 25000 share)

Bank a/c Dr. 742500
To Equity shares first & final call 742500
(First & final call money received on 2750 equity shares @ Rs. 30)

z. l^-i| l^ii | l^iini
(i) -ii ^n -i i i-ni i l^ii il^ i - -i nii|
(ii) -ii | l^-i| ni, i i-ni i l^ ii i|

zr. li lii i ii ^i | lii r i ^i i-i i
-lin r|

zs. nni in = n -l-ii,i il-^
1/5 = x/320000
or
5x = 320000
or
x = 320000/5 = 64000
n -l-ii = saaa
Stock = i -l-ii n -l-ii
= s,aa,aaa saaa
= /ssaaa

z/.
iii i ^ir i l^^i
;i l-i i
lln ^li i i i
in- nii lr n- i -
ii| i ri ni r|
r ^i | iii i-ni
i - ii| -n n ni
r |
ln r i - l^n i i l^^i
r |
r | n; ^li - i ,
ii,ril ii ni r|
13




zs. iii i-ni in = Total Outsider's Liabilities

Total Assets

Total outsider's Liabilities = Long term liabilities + Current liabilities
1250000 + 1250000
2500000
Total Assets = Fixed + Current Assets
= 1800000 + 1200000
= 3000000
= 2500000/3000000 = 5/6 or 5:6

29. Calculation of Cash Flow from Operating activities

Profit Before tax & extraordinary items 200000
Add - Non Cash & Non operating items
Depreciation 10000
Goodwill 5000
Transfer to General reserve 10000 25000
225000
Less - Non Cash items
Profit on Sales of land 5000
Add - Decrease in current assets
(B/R + Prepaid Exp.) (2000+2000) 4000
Add - Increase in current liabilities 4000
224000
Less - Increase in current assets (Debtors) 3000
Less - Decrease in current liabilities (Creditors) 5000 8000
Cash Generated from operation before tax 216000

30. Common size balance sheet
as at 31st December 2010 & 2011


Particular Absolute Amounts Percentage of B/S
Total
% %
2010 2011 2010 2011
Assets
Fixed Assets
Investments
Current Assets

1200000
200000
600000

1440000
200000
620000

60
10
30

63.72
08.85
27.43
2000000 2260000 100 100
Liabilities -
Eq. Share Capital
Reserve
Long term loan
Current liabilities

1000000
200000
600000
200000

1000000
440000
600000
220000

50
10
30
10

44.25
19.47
26.55
09.73
2000000 2260000 100 100

14





iin |

Ans.1 AIS - Accounting Information System.
Ans.2 Sum & Average function results can be displayed in Auto calculate.
Ans.3 Methodology to develop coding structure and coding. Coding is required is computerized accounting
system (C.A.S) for accounting head, Budget head, cost centers etc.. Coding first requires development of its
structure. Coding structure should be compatible with inherent structure of the element to be coded. like
that account head coding requires a hierarchical structure to progressively summaries the accounting
information as per the requirements of balance sheet and profit and loss account.

Ans.4 Salient features of C.A.S
(a) Simple and Integrated
(b) Transparency and control
(c) Accuracy and speed
(d) Scalability
(e) Reliability

Ans. 5 Tally is an accounts and inventory management software which has many others features too. Tally 9.0
software have a different features these are -
(i) Gateway (ii) Company creation (iii) Chat of accounts
(iv) Account master (v) Voucher entry (vi) Trial Balance
(vii) Balance sheet

Ans.6 (i) Various steps to create a table "employee" click - Start - All programs - MS office access 2007 - Template
categories - New blank database - Blank database - Office button - New- Name "employee" and then create.
(Page 162)
(ii) A report is used for the print purpose. though its allows for more flexibility in selecting the fields to print
and to have more control on the overall layout and format of the print output.

Ans.7 (a) Formulas :- Its means a mathematical calculation on a set of cells, formula must start with an =
sign (equal to sign)
Functions :- It is a special key word which can be entered into a cell in order to perform and
process the data which is appended with in bruchets.
(b) (i) Steps for creating a pie chart
(ii) Pie chart diagram draw - Pang no 114 pt 1 to 20
(iii) Pie chart diagram data labels
(c) Payroll components
(i) Current payroll period (month & year) Page 88
Earing
Basic pay
Grade pay
Dearness pay
Dearness allowance
15

House rent allowance
Transport allowance
Any other earning
Deductions
Professional tax
Provident fund
Tax deduction at source
Recovery of loan Installment
Any other deduction