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CBSE Guess > Papers > Question Papers > Class XII > 2004 > Accountancy > Compartmemt Delhi Set-II

ACCOUNTANCY (Set II—Compartment Delhi)

Except for the following questions, all the remaining questions have been asked in Set I.

PART A - PARTNERSHIP AND COMPANY ACCOUNTS

Q. 7. W.L.L Ltd. s registered with an authorised capital of Rs. 50,00,000 divided into 5,00,000 equality shares of Rs. 10each. The company offered 4,00,000 shares for subscription to the public, out of which 3,00,000 shares were subscribed for. Rs. 6 per share were called and received, except; call of Rs. 2 per share on 10,000 shares. Show the share capital of the company in its Balance Sheet as per the provisions of Schedule VI Part I of the Companies Act 1956. 4

Q. 8. On 31.3.2003 M Ltd. had Rs. 10,00,000 9% debentures due for redemption. The company had a balance of Rs. 4,60,000 in its Debentures Redemption Reserve Account.
Pass necessary journal entries for redemption of debentures. 4

Q. 9. On 1.4.1998 X Ltd. issued 1,00,000 8% debentures of Rs. 100 each at a discount of 5% redeemable after 5 years at a premium of 10% by converting them Into equity shares of Rs. 100 each issued at a premium of 25%.
Pass necessary journal entries for the issue and redemption of debentures. 4

Q. 12. (a) P Ltd. forfeited 900 equity shares of Rs. 10 each issued at a discount of 10% for the non-payment of final call of Ks. 2 per share. These shares were reissued at Ks. 13 per share as fully paid. Pass necessary journal entries. 3
(b) Q Ltd. forfeited 200 equity shares of Rs. 10 each issued ata premium of Rs. S per share payable along with allotment, for the non-payment of allotment money of Rs. 8 per share (including premium). Application money was Rs. 2 per share. The forfeited shares were reissued for Rs. 2,000 as fully paid. Pass necessary journal entries; 3

PART B - ANALYSIS OF FINANCIAL STATEMENTS

Q. 18. State any three advantages of Analysis of Financial Statements. 3

Q. 19. Prepare a common size Balance Sheet and comment on the financial position of G Ltd. and L Ltd. The Balance Sheets of G Ltd. and L Ltd. as at 31.3.2003 are given below: 3

Liabilities
2002 Rs.
2003 Rs.
Assets
2002 Rs.
2002 Rs.
Share Capital
Reserves & surplus
Current Liabilities

3,00,000
2,00,000
1,00,000
6,00,000

4,00,000
3,00,000
_50,000
7,50,000

Fixed Assets
Current Assets

4,00,000
2,00,000
_________
6,00,000

4,00,000
3,50,000
_________
7,50,000


Accountancy 2004 Question Papers Class XII
Delhi Outside Delhi Compartment Delhi Compartment Outside Delhi
Indian Colleges Set I Indian Colleges Set I Indian Colleges Set I Indian Colleges Set I
Indian Colleges Set II Indian Colleges Set II Indian Colleges Set II Indian Colleges Set II
Indian Colleges Set III Indian Colleges Set III