CBSE(NCERT) GRADE 12 ACCOUNTANCY 2022 COMPARTMENT SET1

A, B and C were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. On 31st retirement the goodwill of the firm was valued at ₹ 1,80,000. Calculate same without opening goodwill account.

From the following particulars taken out from the Cash Book of Gem Club, prepare a Receipts and Payments Account for the year ended 31st March, 2022:

Receipts and Payments Account of Asha

BX Ltd. took over a building worth ₹3,00,000, machinery worth ₹2,00,000, furniture worth ₹30,000 and its liabilities of ₹40,000 from PQ & Company for a purchase consideration of ₹6,00,000. BX Ltd. paid the purchase consideration by issuing 11% debentures of ₹100 each at a premium of 20%. Pass necessary journal entries for the above transactions in the books of BX Ltd.

XZ Ltd. invited applications for issuing 5000, 9% debentures of ₹100 each. The amount was payable as follows: On application ₹40 per debenture; On allotment Balance. Applications for 10,000 debentures were received. Applications for 2000 debentures were rejected and the application money of these applicants was refunded to them. Pro-rata allotment was made to the remaining applicants. Excess application money received with those applications against which pro-rata allotment was made was

Ravi, Mohan and Pandey were partners in a firm sharing profits and losses in the ratio of 7 : 8 : 9. On 31st March, 2022, their Balance Sheet was as follows: Balance Sheet of Ravi, Mohan and Pandey as at 31st March, 2022 Liabilities Amount $<$ Assets Amount $<$ Creditors 1,41,000 Bank 27,000 Stock 91,000 Debtors 2,10,000 General Reserve 24,000 Less: Provision for doubtful debts 10,000 2,00,000 Capitals: Ravi 3,00,000 Machinery 3,00,000 Mohan 4,00,000 Land and Building 10,00,000 Pandey 8,43,000 15,43,000 Profit and Loss Account (Loss of 2021 22) 90,000 17,08,000 17,08,000 On 31st March, 2022, Mohan retired from the firm on the following terms: (i) Goodwill of the firm was valued at $4,80,000$. (ii) account without opening goodwill account. (iii) Debtors of $10,000$ will be written off and a provision of 10% for bad and doubtful debts will be created on debtors. (iv) Machinery will be depreciated by 10% and land and building will be appreciated by 5%. (v) to his loan account. Prepare Revaluation Account and Capital Account on f the firm.

Return ONLY a valid JSON array (no markdown, no extra text) of every question you found in this excerpt — including the Hindi ones, so include "language" accurately for each — in this exact shape:

B, C and D were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 31st March, 2022 their Balance Sheet was as follows: Balance Sheet of B, C and D as at 31st March, 2022 Liabilities Amount | Assets Amount Sundry Creditors 1,20,000 | Bank 17,000 Debtors 2,00,000 Profit and Loss A/c 2,000 Less: Provision for bad debts 5,000 1,95,000 Capitals: B 13,00,000 C 2,00,000 D 2,00,000 17,00,000 | Stock 4,50,000 Furniture 60,000 Land and Building 11,00,000 18,22,000 18,22,000 On the above date the firm was dissolved. The Assets were realised and the Liabilities were paid off as follows: (i) Debtors were sold to a debt collection agency at 10% less than the book value. (ii) Stock of 2,00,000 was taken over by B at 90,000 less than its book value and the remaining stock realised 1,80,000. (iii) Furniture was taken over by C for 65,000. (iv) Creditors were paid 10% less in full settlement of their amount. (v) Land and Building realised 18,00,000. (vi) B was assigned the work of dissolution for which he was to be paid 40,000. Prepare Realisation Account.

Pass the necessary journal entries for the issue of 9% debentures in the following cases: (a) Issued 5,00,000, 9% debentures of 100 each at par, redeemable at par, after three years. (b) Issued 4,000, 9% debentures of 100 each at a discount of 3%, redeemable at a premium of 10% after five years. (c) Issued 10,000, 9% debentures of 100 each issued at a premium of 20%, redeemable at a premium of 10% after five years.

From the following Receipts and Payments Account of Laxmi Club, prepare Income and Expenditure Account for the year ended 31st March, 2022: Receipts and Payments Account of Laxmi Club for the year ended 31st March, 2022 Receipts | Amount | Payments | Amount To Balance b/d Cash 40,000 Bank 70,000 1,10,000 | By Printing and Stationery 65,000 By Electricity Bill 54,000 By Municipal Tax 35,000 By Insurance Premium 10,000 By Furniture 2,00,000 By Fixed Deposits 3,00,000 By Balance c/d Cash 1,03,500 Bank 1,20,000 2,23,500 To Subscriptions 5,30,000 To Entrance Fee 46,000 To Life Membership Fee 40,000 To Interest on Fixed Deposit 13,500 To Donations 1,20,000 To Locker Rent 28,000 8,87,500 8,87,500 Additional Information: The club has 500 members, each paying an annual subscription of 1,000.

From the following Receipts and Payments Account of Laxmi Club, prepare Income and Expenditure Account for the year ended 31st March, 2022.

Group of Accounts per Tally software.

From the following Balance Sheet of PP Ltd. as at 31st March, 2022, calculate Cash Flows from Operating Activities :

Explain three types of vouchers and two methods of voucher numbering used in Tally software.

Explain gross earnings components in Payroll.

Explain deduction components of Payroll, Professional Tax.