Prasanna

Reviewing Kerala Syllabus Plus Two Computer Application Previous Year Question Papers and Answers Pdf Board Model Paper 2022 helps in understanding answer patterns.

Kerala Plus Two Computer Application Board Model Paper 2022 with Answers

Time: 2 Hours
Total Score: 60 Marks

Part – I

A. Answer any 5 questions from 1 to 9. Each carries 1 Score. (5 × 1 = 5)

Question 1.
__________ is an example of exit controlled loop.
Answer:
do – while loop

Question 2.
What is the size of array in the following C++ declaration statement?
Answer:
10

Question 3.
What will be the output of the following C++ statement?
Answer:
7

Question 4.
Write the keyword used to declare a variable in JavaScript.
Answer:
var

Question 5.
Give one example for FTP client software.
Answer:
Filezilla / CuteFTP / SmartFTP

Question 6.
The person who is responsible for controlling Database is _____________
Answer:
DBA: Database Administrator

Question 7.
Which of the following is not a DBMS package?
i) ORACLE
ii) SQL Server
iii) MySQL
iv) HTML
Answer:
iv) HTML

Question 8.
Write an example for ERP package?
Answer:
Oracle, SAP, Odoo, Tally, MS Dynamics(Any one)

Question 9.
____________ is a technology used to send multimedia data using mobile phones.
Answer:
MMS

B. Answer all questions from 10 to 13. Each carries 1 score. (4 × 1 = 4)

Question 10.
_____________ is a library function that helps us to terminate a C++ program.
Answer:
exit()

Question 11.
Write the full form of HTTP.
Answer:
Hyper Text Transfer Protocol

Question 12.
What is a nested list?
Answer:
A list contains another list completely.

Question 13.
In DBMS, storing of same data in multiple locations is called ___________ .
Answer:
Redundancy

Part – II

A. Answer any 2 questions from 14 to 17. Each carries 2 scores. (2 × 2 = 4)

Question 14.
What is array traversal? Give one example.
Answer:
Accessing each element of array at least once to perform any operation.
Eg : Sorting

Question 15.
Write down the names of any two web hosting methods.
Answer:
Shared hosting, dedicated hosting, Virtual Private Server(VPS)

Question 16.
What is meant by constraints? Give one example.
Answer:
It ensures the correct data is entered into the database.
Eg: unique, auto_increment, primary key, not null, default, check,… (Any one)

Question 17.
Explain any two benefits of ERP.
Answer:
Benefits of ERP system
1) Improved resource utilization : Resources such as Men, Money, Material and Machine are utilized maximum hence increase the productivity and profit.

2) Better customer satisfaction : Without spending more money and time all the customer’s needs are considered well. Because customer is the king of the market. Nowadays a customer can track the status of an order by using the docket number through Internet.

B. Answer any 2 questions from 18 to 20. Each carries 2 scores. (2 × 2 = 4)

Question 18.
Give names of two parameter passing techniques in C++.
Answer:
Call by Value
Call By Reference

Question 19.
What is Content Managements System (CMS)? Write one example.
Answer:
Content Management System is a web based software system used for creating,administering and publishing website contents. Eg : Joomla, Drupal, wordpress.

Question 20.
Using example, explain the use of ORDER BY Clause of SELECT command.
Answer:
ORDER BY is used for selecting rows(records) in a sorted form. It can be acsending order(asc) or descending order(desc).
Eg.Select * from STUDENT ORDER BY Tot_Mark;

Part – III

A. Answer any 3 questions from 21 to 24. Each carries 3 scores. (3 × 3 = 9)

Question 21.
Write the names of any three fundamental data types in C++.
Answer:
void, char, int, float, double

Question 22.
Compare static and dynamic web pages.
Answer:

Static web page	Dynamic web page
The content and layout of a web page is fixed.	The content and layout may change during run time.
Static web pages never use databases.	Database is used to generate dynamic content through queries.
Static web pages directly run on the browser and do not require any server side application program.	Dynamic web page runs on the server side application program and displays the results.
Static web pages are easy to develop.	Dynamic web page development requires programming skills.

Question 23.
Write the data types of following values in Java Script? Java Script?
i) true
ii) -300
iii) “School”
Answer:
i. Boolean
ii. Number
iii. String

Question 24.
Name any three fundamental operations in Relational Algebra. Give their symbols also.
Answer:
SELECT (σ)
PROJECT (π)
UNION (U)
CARTESIAN PRODUCT(X)

B. Answer any 2 Questions from 25 to 27. Carries 3 scores. (2 × 3 = 6)

Question 25.
Compare break and continue statements in C++.
Answer:
break: It is used for premature termination of the loop.
continue: The statement continue is used for bye passing or skipping over a, part of the code within the loop-body and continue the iteration with next value.

Question 26.
Read the following statements:
char name[20];
cin>name;
cout<<name
i) What will be the output if you input the string “Sachin Tendulkar”? (1)
ii) Justify your answer. (2)
Answer:
i. Sachin
ii. White space is a delimiter to cin. cin will not read characters given after white space. To read the string including space gets() is used.

Question 27.
Write port numbers for the following services: (3)
i) HTTP
ii) SMTP
iii) DNS
Answer:
i. 80
ii. 25
iii. 53

Part – IV

A. Answer any 3 questions from 28 to 31. Each carries 4 scores. (3 × 4 = 12)

Question 28.
What is token in C++? Name any three tokens.
Answer:
Tokens : Basic building blocks of C++ programs. There are five tokens in C++.

1. Keywords
2. Identifiers
3. Literals
4. PUNTUATORS
5. OERATORS

Question 29.
List any four built in functions in C++.
Answer:
abs(), strcpy(), strcmpQ, sqrt(), etc..

Question 30.
Which are essential tags of HTML?
Answer:

<HTML>
<HEAD>
<TITLE>
<BODY>

Question 31.
a) ___________ is an attribute of <SCRIPT> tag. (1)
b) Write the built in functions in JavaScript for the following:
i) to display a message on screen (1)
ii) to convert uppercase to lowercase (1)
iii) to find the character at a particular position (1)
Answer:
a. Language

b. i. alert()
ii. toLowerCase()
iii. chartAt()

B. Answer any one question from 32 to 33. Each carries 4 scores. (1 × 4 = 4)

Question 32.
Write down the uses of following tags:
i) <SELECT>
ii) <FIELDSET>
Answer:
i. used for making drop down list box(combo box)
ii. used for grouping form controls

Question 33.
Write short note on any two examples of Cyber Crimes against individuals.
Answer:
Cyber crimes against individuals
i) Identity theft: The various information such as personal details(name, Date of Birth, Address, Phone number etc), Credit / Debit Card details(Card number, PIN, Expiry Date, CW, etc), Bank details, etc. are the identity of a person. Stealing these information by acting as the authorized person without the permission of a person is called Identity theft. The misuse of this information is a punishable offence.

ii) Harassment: Commenting badly about a particular person’s gender, colour, race, religion, nationality, in Social Media is considered as harassment. This is done with the help of Internet is called Cyber stalking (Nuisance). This is a kind of torturing and it may lead to spoil friend ship, career, self image and confidence. Sometimes may lead to a big tragedy of a whole family or a group of persons.

iii) Impersonation and cheating: Fake accounts are created in Social Medias and act as the original one for the purpose of cheating or misleading others. Eg: Fake accounts in Social Medias (Facebook, Twitter,etc), fake smi, fake emails etc..

iv) Violation of privacy: Trespassing into another person’s life and try to spoil the life. It is a punishable offence. Hidden camera is used to capture the video or picture and black mailing them.

v) Dissemination of obscene material: With the help of hidden camera capture unwanted video or picture. Distribute or publish this obscene clips on Internet without the consent of the victims may mislead the people specifically the youngerones.

Part – V

Answer any 2 questions from 34 to 36. Each carries 6 scores. (2 × 6 = 12)

Question 34.
Write the HTML code to generate the following table:

Roll	Name	Class
100	AB	C2
101	PQ	C1
102	XY	A1

Answer:

<HTML>
<HEAD>
<TITLE>TABLE</TITLE>
<BODY bgcolor=”red”>
<TABLE border= 1>
<TR align=”center”>
<TH> Roll </TH>
<TH> Name </TH>
<TH> Class </TH>
</TR>
<TR align=”center”>
<TD> 100 </TD>
<TD> AB <7TD>
<TD> C2 </TD>
</TR>
<TR align=”center”>
<TD> 101 </TD>
<TD> PQ </TD>
<TD> C1 </TD>
</TR>
<TR align=”center”>
<TD> 102 </TD>
<TD> XY </TD>
<TD> A1 </TD>
</TR>
</TABLE>
</BODY>
</TABLE>

Question 35.
a) Define the following terms of RDBMS: (4)
i) Tuple
ii) Relation
iii) Degree
iv) Cardinality
b) Write down the Degree and Cardinality bf the following relation: (2)

Regno	Name	Mark
101	Sachin	380
103	Fathima	420
106	Bincy	400
108	Joseph	350

Answer:
tuple: record or row of a table
relation : table is known as a relation
degree (cd): number of columns or attributes in a table
cardinality (rc): number of rows or tuples in a table

b. Degree: 3
Cardinality; 4

Question 36.
a) Pick the odd one out from the following: Given reason also. (2)
i) CREATE
ii) SELECT
iii) UPDATE
iv) DELETE
b) Consider the given relation ITEMS.

Itemcode	Name	Price
001	Pencil	8.00
002	Pen	10.00
003	Notebook	15.00
004	Pen	12.00

i) Suggest a suitable primary key for the above relation. Give reason. (2)
ii) Write SQL statement to list all the items in the table. (1)
iii) Write SQL statement to list itemcode and name of all itmes. (1)
Answer:
a. CREATE:DDL command others are DML commands

b. i. Itemcode : it does not have duplicate values. Itemcode is unique.
ii. SELECT * FROM ITEMS;
iii. SELECT Itemcode, Name from ITEMS;

Reviewing Kerala Syllabus Plus Two Accountancy AFS Previous Year Question Papers and Answers Pdf March 2023 helps in understanding answer patterns.

Kerala Plus Two Accountancy AFS Previous Year Question Paper March 2023

Time: 2 Hours
Maximum Score: 60

Part – II
(Analysis of Financial Statements) (40 Scores)

VII. Answer any 4 questions from 17 to 21. Each carries 1 score. (4 × 1 = 4)

Question 17.
Interest on calls in arrears is charged according to ‘Table F’ at
(a) 5%
(b) 6%
(c) 8%
(d) 10%
Answer:
(d) 10%

Question 18.
The debentures which are transferable by mere delivery, are:
(a) Registered debenture
(b) First debenture
(c) Bearer debenture
(d) Convertible debenture
Answer:
(c) Bearer debenture

Question 19.
Find the odd one.
(a) Fixed assets
(b) Tangible assets
(c) Intangible assets
(d) Long-term borrowings
Answer:
(d) Long-term borrowings

Question 20.
Identify the ratio which provides the information critical to the long run operation of the firm:
(a) Liquidity ratio
(b) Activity ratio
(c) Solvency ratio
(d) Profitability ratio
Answer:
(c) Solvency ratio

Question 21.
Identify the cash outflows from the following information:
(a) Commission received
(b) Procurement of loan
(c) Purchase of plant
(d) Dividend received
Answer:
(c) Purchase of plant

VIII. Answer all questions from 22 to 23. Each carries 2 scores. (2 × 2 = 4)

Question 22.
Issue of 15,000, 8% debentures of ₹ 100 each as collateral security for bank loan of ₹ 15,00,000. Give journal entry.
Answer:
Debenture Suspense A/c Dr 15,00,000
To 8% Debentures A/c 15,00,000

Question 23.
List out any two limitations of ratio analysis.
Answer:
Limitations of ratio analysis:

• Non-monetary aspects not considered.
• Price-level changes are not taken into consideration.
• Lack of adequate standards.
• Inherent limitations of accounting.

IX. Answer any 2 questions from 24 to 26. Each carries 3 scores. (2 × 3 = 6)

Question 24.
Write the three differences between Shares and Debentures.
Answer:
Difference between Share and Debenture

• Share is an ownership security. But debenture is a creditorship security.
• Dividend is paid on shares. But interest is paid on debentures.
• The rate of dividend on a share may vary yearly. But the rate of interest on debenture is fixed.
• Shareholders are the owners of the company. But debenture holders are the creditors of the company.

Question 25.
Give journal entry:
(a) 5000, 8% debenture of ₹ 100 issued at par.
(b) 5000,8% debenture of ₹ 100 issued at premium of 10% and redeemable at par.
Answer:
(a) 5000, 8% debenture of ₹ 100 issued at par:

(b) 5000, 8% debenture of ₹ 100 issued at premium of 10% and redeemable at par:

Question 26.
Classify the following transactions into a firm’s operating, investing, and financing activities.
(a) Sale of property
(b) Redemption of debenture
(c) Pay operating expenses
(d) Receipts for Royalties
(e) Purchase of furniture
(f) Procurement of loan
Answer:
Operating Activities
(c) Pay operating expenses
(d) Receipts for Royalties
Financing Activities
(b) Redemption of debenture
(f) Procurement of loan
Investing Activities
(a) Sale of property
(e) Purchase of furniture

X. Answer all questions from 27 to 28. Each carries 4 scores. (2 × 4 = 8)

Question 27.
Describe the purpose for which a company can use the amount of securities premium.
Answer:
According to Section 52 of the Act, securities premium can be used for the following purposes:

• The issue of fully paid bonus shares.
• To write off preliminary expenses of the company.
• To write off the expenses of or commission paid or discount allowed on issue of shares or debentures.
• To pay a premium on the redemption of redeemable debentures or preference share capital of the company.
• Buying back shares.

Question 28.
Explain the 4 objectives of financial statements.
Answer:
Objectives of Financial Statements:

• To provide information about assets and liabilities of the business.
• To provide information about the earning capacity of the business.
• To provide information about cash flows.
• To Judge the effectiveness of management.

XI. Answer all questions from 29 to 30. Each carries 5 scores. (2 × 5 = 10)

Question 29.
From the following statement of Profit & Loss of Kashi Traders, prepare comparative statement of Profit and Loss for the year ended on 31-03-2021 and 2022:

Answer:

Question 30.
From the following information, calculate cash flow statements from financial activities:

During the year, the company repaid a loan of 1,50,000.
Answer:
Calculation of cash flows from financial activities:
Proceeds from long term borrowings – 2,00,000
Repayment of long term borrowings – (1,50,000)
Net cash flow from financing activities – 50,000
Working note:
Long term Loan A/c

XII. Answer any one question from 31 to 32. Carries 8 scores. (1 × 8 = 8)

Question 31.
Anil Associates invited application for 10,000 shares of ₹ 100 each payable as follows:
On Application ₹ 40
On Allotment ₹ 30
On 1st and 2nd call ₹ 30
Applications were received for 12,000 shares and excess application money refunded.
Suku, who applied for 500 shares, failed to pay the 1st and 2nd call and his shares were forfeited. These shares were re-issued to Thomas at ₹ 60 per share. Give journal entries.
Answer:
Journal

Question 32.
The following is the Balance Sheet of Lechu Ltd. as on 31-3-2022:

Calculate:
(a) Current Ratio
(b) Quick Ratio
(c) Proprietary Ratio
(d) Inventory to Working Capital
Answer:
(a) Current Ratio = \(\frac{Current Assets}{Current Liabilities}\)
Current assets = 2,50,000 + 50,000 + 15,000 = 3,15,000
Current liabilities = 1,00,000 + 40,000 = 1,40,000
Current ratio = \(\frac{3,15,000}{1,40,000}\) = 2.25 : 1

(b) Quick Ratio = \(\frac{Quick Assets}{Current Liabilities}\)
Quick Assets = Current Assets – Inventory
= 315000 – 250000
= 65,000
Quick Ratio = \(\frac{65,000}{1,40,000}\) = 0.46 : 1

(c) Proprietary Ratio = \(\frac{Shareholders fund}{Total assets}\)
Shareholders’ fund = Share capital + Reserves and surplus
= 1,00,000 + 5,00,00 + 50,000
= Rs. 2,00,000
Proprietary Ratio = \(\frac{2,00,000}{8,40,000}\) = 24 : 1

(d) Inventory to working capital ratio = \(\frac{Inventory}{Working Capital}\)
Working Capital = Current Assets – Current Liabilities
= 3,15,000 – 1,40,000
= 1,75,000
Inventory to working capital ratio = \(\frac{2,50,000}{1,75,000}\) = 1.43 : 1

Reviewing Kerala Syllabus Plus Two Computer Application Previous Year Question Papers and Answers Pdf Board Model Paper 2023 helps in understanding answer patterns.

Kerala Plus Two Computer Application Board Model Paper 2023 with Answers

Time: 2 Hours
Total Score: 60 Marks

Answer any 5 questions 1 to 6. Each carries 1 score. (5 × 1 = 5)

Question 1.
Which date type in C++ represents an empty set of data ?
(a) int
(b) void
(c) double
Answer:
void

Question 2.
Which function is used to find the length of a string ?
(a) strlen ()
(b) strcpy ()
(c) strcat ()
Answer:
strlen()

Question 3.
Which tag is used to partition the browser window into different frame sections in HTML?
(a) <TABLE>
(b) <FORM>
(c) <FRAMESET>
Answer:
<FRAMESET>

Question 4.
The keyword used to declare variables in JavaScript is __________
Answer:
var

Question 5.
The custom of designing a web site suitable to work on every device and every screen size is known as _____________
Answer:
responsive web designing

Question 6.
Analysis and redesign of workflow within an enterprise is called __________
Answer:
Bussiness Process Re-engineering (BPR)

Answer any 9 questions 7 to 18. Each carries 2 score. (9 × 2 = 18)

Question 7.
Write the basic structure of a C++ program.
Answer:

#include<iostream> 
using namespace sts; 
intmain()
{
Code; 
return 0;
}

Question 8.
What are the components of a loop?
Answer:
initialisation, Test expression, update statement, body of loop

Question 9.
Name the console input and output functions for string input/output operations.
Answer:
getchar() and putchar()

Question 10.
What is the difference between actual parameters and formal parameters?
Answer:
The variables that are used in the function definition as arguments are known as formal arguments. Th§ constants, variables or expressions used in the function call are known as actual arguments.

Question 11.
List the mathematical functions in C++
Answer:
pow(), sqrt(), abs()

Question 12.
Compare container tag and empty tag.
Answer:
Container tags have opening tag and closing tag. Eg. <html></html>
Empty tag has only opening tag no closing tag. Eg.<hr>,<br>, etc

Question 13.
Write HTML code segment to display the following:
(a) H₂SO₄
(b) x³ + y³
Answer:
a) H₂ SO₄
b) x³ + y³

Question 14.
List the form controls used to collect data using HTML form.
Answer:
text,password,checkbox,radio button,submit button, reset button, button, text area, drop down list box

Question 15.
Write short note on the data types in JavaScript.
Answer:

1. Number: It consists of all types of numbers. Eg. 8172, 3.14,…
2. Stringilt is a combination of characters (text data) Eg. “BVM”
3. Boolean: boolean data (true/false)

Question 16.
List the users of a database.
Answer:
Database Administrator DBA, Application Programmer, Sophisticated User, Naive User

Question 17.
List any four aggregate functions in SQL.
Answer:
sum(), avg(), max(), min(), count()

Question 18.
Write short note on GPS.
Answer:
It is called Global Positional System.lt is a satellite based navigation system that is used to locate the geographical position of objects anywhere on earth, using its longitude and latitude.

Answer any 9 questions 19 to 29. Each carries 3 score.

Question 19.
(a) Define an array in C++ (2)
(b) Declare an array to store 10 register numbers. (1)
Answer:
a) An array is a collection of elements of the same type placed in contiguous memory locations,
(b) int regno[10];

Question 20.
Briefly explain any three string functions and their use in C++.
Answer:
String functions
To manipulate string in C++ a header file called string.h must be included.
a) strlen()- to find the number of characters in a string(i.e. string length).
Syntax: strlen(string);
Eg.
cout<<strlen(“Computer”); It prints 8.

b) strcpy()- It is used to copy second string into first string.
Syntax: strcpy(string1, string2);
Eg.
strcpy(str,”BVM .HSS”);
cout<<str; It prints BVM HSS.

c) strcat()- It is used to concatenate second string into first one.
Syntax: strcat(string1,string2)
Eg.
strcpy(str1,”Hello”);
strcpy(str2,” World”);
strcat(str1, str2);
cout<<str1; It displays the concatenated string “Hello World”

Question 21.
Briefly explain any 6 text formatting tags with their use.
Answer:
<B> and <STRONG> :To make the text bold face.
<I> and <EM> :To make the text italics or emphasis. <U>: To underline the given text
<S> and <STRIKE> :To strike through the text
<BIG>: To make the text big sized
<SMALL> : To make the text small sized
<SUB>: To make the text subscripted(X₂)
<SUP>: To make the text superscripted(X₂)

Question 22.
Compare static web page and dynamic web page.
Answer:
STATIC AND DYNAMIC WEB PAGES
Some pages are displaying same content(same text, images,etc) every time. Its content are not changing. This type of web pages are called static page.Conventional wep pages display static pages . and has some limitations.

Advanced tools are used to create web pages dynamic, that means pages are more attractive and interactive. For this JavaScript, VBScript, ASP, JSP, PHP, etc are used
Following are the differences

Static web pages	Dynamic web pages
Content and layout is fixed	Content and layout is changed frequently
Never use database	Data base is used
Run by browser	It runs on the server and result get back to the client(browser)
Easy to develop	Not at all easy

Question 23.
Briefly explain the built-jn-functions in JavaScript.
Answer:
BUILT IN FUNCTIONS (methods)
1) alert() : This is used to display a message (dialogue box) on the screen.
eg: alert(“Welcome to JS”);

2) isNaN(): To check whether the given value is a number or not. It returns a Boolean value. If the value is not a number(NaN) then this function returns a true value otherwise it returns a false value.
Eg.
1. isNaN(“BVM”); returns true

2. isNaN(8172); returns false

3. isNaN(“680121”); returns false

4. alert(isNaN(8172); displays a message box as false

3. toUpperCase(): This is used to convert the text to upper case.
Eg: var x=”bvm”;
alert(x.toUpperCase());

4. toLowerCase() -: This is used to convert the text to lower case.
Eg: var x=”BVM”;
alert(x.toLowerCase());

5. charAt(): It returns the character at a particular position.
Syntax: variable.charAt(index);
The index of first character is 0 and the second is 1 and so on.
Eg.varx=’HIGHER SECONDARY”;
alert(x.charAt(4));
Eg 2.
var x-’HIGHER SECONDARY”;
alert(“The characters @ first position is “+ x.charAt(0));

6. length property : It returns the number of characters in a string.
Syntax : variable.length;
Eg.
varx=”HIGHER SECONDARY”;
alert(“The number of characters is “+ x.length); Output is as follows(note that space is a character)

Question 24.
Briefly explain the various types of web hosting.
Answer:
Types of web hosting
Various types of web hosting services are available. We can choose the web hosting services according to our needs depends upon the storage space needed for hosting, the number of visitors expected to visit, etc.

1. Shared Hosting
2. Dedicated Hosting
3. Virtual Private Server (VPS)

Question 25.
Briefly explain the keys in RDBMS.
Answer:

1. Candidate Key : It is a set of attributes that uniquely identifies a row. There may be more than candidate key and may be a combination of more than one attribute.
2. Primary Key: A primary key is one of the Candidate Keys. It is a set of one or more attributes that can uniquely identify tuples in a relation.
3. Alternate Key : The Candidate key that is not the primary key is called the alternate key.
4. Super Key : A combination of a primary key with any other attribute or group of attributes is called a super key.
5. Foreign Key : A single attribute or a set of attributes, which is a candidate key in another table, is called foreign key.

Question 26.
Briefly explain the components of SQL.
Answer:
Components of SQL are DDL.DML and DCL. DDL(Data Definition Language) commands (3 – CAD)
Create, Alter and Drop
DML(Data Manipulation Language) Commands(4 – SUDI)
Select, Update, Delete and Insert.
DCL(Data Control Language) Commands(2-GR) Grant and Revoke.

Question 27.
Briefly explain the column constraints in SQL.
Answer:
a) NOT NULL: it specifies that a column can never have null values, i.e., not empty

b) UNIQUE: it ensures that no two rows have same value in the specified column.

c) PRIMARY KEY: it declares a column or a set of columns as the primary key of the table. This constraint makes a column NOT NULL and UNIQUE.

d) DEFAULT: it sets a default value for a column when the user does not enteF a value for that column.

e) Auto_increment: This constraint is used to perform auto_increment the values in a column. That is automatically generate serial numbers. Only one auto_increment column per table is allowed.

Question 28.
Write short note about ERP packages.
Answer:
Popular ERP packages are given below

Oracle
American based company famous in database(Oracle 9i-SQL) packages situated in Redwood shores, California.

Their ERP packages is a solution for finance and accounting problems. Their other products are

1. Customer Relationship Management (CRM)
2. Supply Chain Management (SCM) Software

SAP
SAP stands for Systems, Applications and Products for data processing.
It is a German MNC in Walldorf and founded in 1972.
Earlier they developed ERP packages for large MNC. But nowadays they developed for small scale industries also.
The other software products they developed are

1. Customer Relationship Management (CRM)
2. Supply Chain Management(SCM)
3. Product Life cycle Management(PLM)

Odoo
Formerly known as OpenERP.
It is an open source code ERP. Unlike other companies their source code is available and can be modified as and when need arises.

Microsoft Dynamics

• American MNC in Redmond, Washington
• ERP for midsized companies.
• This ERP is more user friendly
• Other s/w is Customer Relationship Management(CRM)

Tally ERP

• Indian company situated in Bangalore.
• This ERP provides total solution for accounting, inventory and Payroll.

Question 29.
Write short note on any 3 cyber crimes against individuals.
Answer:
Cyber crimes against individuals
i) Identity theft: The various information such as personal details(name, Date of Birth, Address, Phone number etc) , Credit / Debit Card details(Card number, PIN, Expiry Date, CW, etc), Bank details, etc. are the identity of a person. Stealing these information by acting as the authorized person without the permission of a person is called Identity theft. The misuse of this information is a punishable offence.

ii) Harassment : Commenting badly about a particular person’s gender, colour, race, religion, nationality, in Social Media is considered as harassment. This is done with the help of Internet is called Cyber stalking (Nuisance). This is a kind of torturing and it may lead to spoil friend ship, career, self image and confidence. Sometimes may lead to a big tragedy of a whole family or a group of persons.

iii) Impersonation and cheating: Fake accounts are created in Social Medias and act as the original one for the purpose of cheating or misleading others. Eg: Fake accounts in Social Medias (Facebook, Twitter,etc), fake sms, fake emails etc.

iv) Violation of privacy: Trespassing into another person’s life and try to spoil the life. It is a punishable offence. Hidden camera is used to capture the video or picture and black mailing them.

v) Dissemination of obscene material: With the help of hidden camera capture unwanted video or picture. Distribute or publish this obscene clips on Internet without the consent of the victims may mislead the people specifically the younger ones.

Answer any 2 questions 30 to 32. Each carries 5 score. (2 × 5= 10)

Question 30.
Explain various tokens in C++
Answer:
Token: It is the smallest individual units similar to a word in English or Malayalam language. C++ has 5
tokens
1) Keywords : These are reserved words for the compiler. We can’t use for any other purposes Eg: float is used to declare variable to store numbers with decimal point. We can’t use this for any other purpose

2) Identifier: These are user defined words. Eg: variable name, function name, class name, object nameetc…

3) Literals (Constants): Its value does not change during execution

• Integer literals : Whole numbers without fractional parts are known as integer literals, its value does not change during execution. There are 3 types decimal, octal and hexadecimal.
  Eg. For decimal 100, 150,etc
  For octal 0100, 0240, etc
  For hexadecimal 0x100,0x1 A,etc
• Float literals : A number with fractional parts and its value does not change during execution is called floating point literals.
  Eg. 3.14157,79.78, etc
• Character literal : A valid C++ character enclosed in single quotes, its value does not . change during execution.
  Eg. ‘m’, ‘f ’ etc
• String literal: One or more characters enclosed in double quotes is called string constant. A string is automatically appended by a null character(‘\0’) ‘
  Eg. “Mary’s”,’’India”,etc

4) Punctuators: In English or Malayalam language punctuation mark are used to increase the readability but here it is used to separate the tokens. Eg:{,},(,),………

5) Operators : These are symbols used to perform an operation(Arithmetic, relational, logical ,etc…)

Question 31.
(a) Briefly explain the types of lists in HTML. (2)
(b) Write HTML code segment to display the list given below. (3)
Courses After 12^th Commerce
• Bachelor of Commerce (B.Com)
• Chartered Accountancy (CA)
• Company Secretary (CS)
Answer:
a) 3 types of Lists in HTML.
1) Unordered List (<UL>) – Items are displayed with square, circle or disc in front.

2) Ordered List (<OL>) – Items are displayed with the following type values.
Type = 1 for 1, 2, 3, ……………..
Type = i for i, ii, iii, ……………..
Type = I for I, II, III, ……………..
Type = a for a, b, c, ……………..
Type = A for A, B, C, ……………..

3) Definition List (<DL>) – It is formed by defini¬tions.

• <LI> – It is used to specify List items.
• <DT>- It is used to specify Definition Term.
• <DD>- Used to specify the description

b) <B>Courses after 12<SUP>th<y SUP>Commerce</B>
<UL>
<LI>Bachelor of Commerce (B.Com )</LI>
<LI>Chartered Accountancy (CA)</LI>
<LI>Company Secretary (CS )</LI>
</UL>

Question 32.
(a) Define DBMS. (1)
(b) Explain the advantages of DBMS. (4)
Answer:
DBMS means Data Base Management System. It is a tool used to store large volume of data, retrieve and modify the data as and when required. DBMS consists of data and programs.

Advantages of DBMS

1. Data Redundancy
2. Inconsistency can be avoided
3. Data can be shared
4. Standards can be enforced
5. Security restrictions can be applied
6. Integrity can be maintained
7. Efficient data access
8. Crash recovery

Teachers recommend solving Kerala Syllabus Plus Two Accountancy Previous Year Question Papers and Answers Pdf Board Model Paper 2021 to improve time management during exams.

Kerala Plus Two Accountancy Board Model Paper 2021 with Answers

Time: 2 Hours
Maximum Score: 60

Part – A
Accounting

Answer the following questions from 1 to 37 up to a maximum Score of 60.
From the following questions, answer for 40 scores from Part-A and 20 Scores from Part-B.

I. Questions from 1 to 4 carry 1 score each. (4 × 1 = 4)

Question 1.
Which of the following is not included in the final accounts of a not-for-profit organisation?
(a) Profit and Loss A/c
(b) Receipt and Payment A/c
(c) Income and Expenditure A/c
(d) Balance Sheet
Answer:
(a) Profit and Loss A/c

Question 2.
Partners are entitled to get which of the following in the absence of partnership deed?
(a) Interest on capital at specified rate.
(b) Interest on partners loan @ 6% per annum.
(c) Salary or Commission
(d) All of these
Answer:
(b) Interest on partners loan @ 6% per annum.

Question 3.
Suresh and Vinod are partners in a firm sharing profits in the ratio of 4 : 1 They admit Hari as a partner for \(\frac{1}{6}\) share. Their sacrificing ratio will be _________________
(a) 3 : 2
(b) 4 : 1
(c) 2 : 1
(d) 1 : 1
Answer:
(b) 4 : 1

Question 4.
The revaluation profit or loss at the time of retirement of a partner is distributed among the partners in _________________ ratio.
(a) New Ratio
(b) Old Ratio
(c) Gaining Ratio
(d) Sacrificing Ratio
Answer:
(b) Old Ratio

II. Questions from 5 to 7 carry 2 scores each. (3 × 2 = 6)

Question 5.
Where will you record the following items in the final accounts of a not-for-profit organisation?
(i) General donation
(ii) Life membership fee
(Hint: Debit or credit side of Income and expenditure a/c., asset or liability side of Balance sheet)
Answer:
(i) General Donation – Credit side of Income & Expenditure A/c
(ii) Life Membership Fee – Liability side of the Balance Sheet

Question 6.
Muneer, a partner in a firm withdraws Rs.4,000 at the beginning of every month for 12 months. The books of the firm closes on 31st of the December every year. Calculate interest on drawings of Muneer @ 10% per annum.
Answer:
Interest on drawing = Total Drawing × Rate of Interest × \(\frac{6.5}{12}\)
Total drawings = 4000 × 12 = 48,000
Interest on drawings = 48,000 × \(\frac{10}{100}\) × \(\frac{6.5}{12}\) = 2600

Question 7.
State any two differences between dissolution of partnership and dissolution of firm.
Answer:

• When the partnership between all the partners of a firm comes to an end, it is called the dissolution of the partnership firm.
• When the relation of partnership among different partners changes without affecting the entity of the firm, it is called dissolution of partnership.
• In the case of dissolution of partnership, assets and liabilities are revalued.
• In the case of dissolution of the firm, assets are realised and liabilities are paid off.

III. Questions from 8 to 10 carry 3 scores each. (3 × 3 = 9)

Question 8.
State the three features of a Not-for-Profit organisation.
Answer:
Features of a Not-for-Profit organisation
(a) The main objective is to render services to members and the public.
(b) They are not expected to earn profit.
(c) They do not engage in trading activities.
(d) Credit transactions are not usually made.

Question 9.
Calculate the value of goodwill of a firm based on 3 years purchase of super profit given that capital employed is 2,00,000; normal rate of return is 10% and average profit for last few years is 25,000.
Answer:
Goodwill = Super Profit × No. of the years purchase
Super Profit = Actual or Average profit – Normal profit
Normal profit = Capital employed × Normal rate of return
Normal Profit = 2,00,000 × \(\frac{10}{100}\) = 20,000
Average profit = 25,000
Super profit = 25,000 – 20,000 = 5,000
Goodwill = 5,000 × 3 = 15,000

Question 10.
Anu, Manu and Sonia are partners in a firm sharing profits and losses in the ratio of 2 : 1 : 1. Sonia retires and the goodwill of the firm is valued at Rs. 1,20,000. Write journal entry regarding adjustment for goodwill.
Answer:
Old ratio = 2 : 1 : 1
Sonia retires,
Gaining ratio = 2 : 1
Sofia’s share of goodwill = 1,20,000 × \(\frac{1}{4}\) = 30,000

IV. Questions from 11 to 15 carry 4 scores each. (5 × 4 = 20)

Question 11.
State any four differences between Fixed Capital Method and Fluctuating Capital Method.
Answer:

Fixed Capital Method	Fluctuating Capital Method
1. In this method, two accounts, namely the capital account and the current account, are prepared for each partner.	1. Each partner has one account, i.e. capital account.
2. All adjustments are made in the current account.	2. All adjustments are made in the capital accounts.
3. The capital account balance remains unchanged unless there is an addition to or withdrawal of capital.	3. The balance of the capital account fluctuates from year to year.
4. The capital account always shows a credit balance.	4. The capital account may sometimes show a debit balance.

Question 12.
Record the following in the Revaluation a/c of a firm at the time of admission of a partner.
(a) The value of Furniture increased by Rs. 5,000.
(b) Unrecorded investment Rs. 3,000.
(c) Provide Rs. 1,000 for doubtful debt.
(d) Stock reduced to Rs. 24,000 (Book Value: Rs. 30,000).
Answer:
Revaluation A/c

Question 13.
Kaushik and Devan are partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit Arjun into partnership with \(\frac{1}{4}\) share in profit. Arjun brings Rs. 30,000 for capital and his share of goodwill in cash. The goodwill of the firm is valued at Rs. 20,000. Their new ratio is 2 : 1. Give journal entries.
Answer:
Journal

Note: Goodwill of the firm = 20000
Sacrificing ratio = 3 : 2
Arjun’s share of goodwill = 20,000 × \(\frac{1}{4}\) = 5000
Kaushik’s sacrifice = 5000 × \(\frac{3}{5}\) = 3000
Devan’s sacrifice = 5000 × \(\frac{2}{5}\) = 2000

Question 14.
Balu, Rajesh and Abhijith are partners in a firm. Rajesh retires from the firm. On the date of retirement, Rs. 48,000 due to him. Balu and Abhijith promise to pay him in four equal early instalments plus interest @ 10% per annum at the end of every year. Prepare Rajesh’s loan a/c.
Answer:
Rajesh’s Loan A/c

Note: Amount of instalment = \(\frac{48000}{4}\) = 12000
1st year interest = 48000 × \(\frac{10}{100}\) = 4800

Question 15.
Write the journal entries for recording the following transactions at the time of dissolution of a firm.
(a) Assets realised Rs. 36,000.
(b) Liability paid by Ashok, a partner Rs. 4,000.
(c) Realisation expenses paid by firm Rs. 1000.
(d) Furniture taken by Sunil, a partner Rs.5,000.
Answer:
Journal

V. Questions from 16 to 20 carry 5 scores each. (5 × 5 = 5)

Question 16.
Differentiate between Receipt and Payment Account and Income and Expenditure Account (any 5).
Answer:

Receipts and Payment Account	Income and Expenditure Account
1. It is a real account.	1. It is a nominal account.
2. It is a summary of cash book.	2. It is like a Profit and Loss account.
3. It records both revenue and capital items.	3. It records only revenue items.
4. It starts with an opening balance of Cash/Bank balance.	4. It does not start with cash/bank balance.
5. Includes receipts and payments for current year, previous year and next year.	5. Includes item relating to current year only.

Question 17.
From the following information ascertain the amount of subscription to be shown in the Income and Expenditure Account of A-One Sports Club for the year ending 31.12.2020.
(a) Subscription received during the year 2020 Rs. 72,000.
(b) Subscription outstanding on 01.012020.Rs. 4,000
(c) Subscription received in advance on 01.01.2020 Rs. 3,000
(d) Subscription outstanding on 31.12.2020. Rs. 5000
(e) Subscription received in advance on 31.12.2020 Rs. 2,000
Answer:

Question 18.
Sumathi and Manju are partners in a firm sharing profits in the ratio of 3 : 2. Their capital balance as on 01.01.2020 was Rs. 40,000 and Rs. 30,000 respectively. The partnership provides that Sumathi is to be paid a salary of Rs. 1,000 per month and Manju is to get a commission of Rs. 10,000 for the year. Interest on capital is allowed at 8% per annum. Interest on drawing charged from Sumathi Rs. 1,500 and Manju Rs. 1,200. The net profit of the firm before making all these adjustments was Rs. 74,900. Prepare Profit and Loss Appropriation Account.
Answer:
Profit and Loss Appropriation Account

Question 19.
What do you mean by goodwill? Explain the various factors affecting the value of goodwill of a firm.
Answer:
Goodwill is the value of the reputation of a firm in respect of profits in future over and above the normal profits.
Factors affecting the value of goodwill

• Nature of business
• Favourable location
• Efficiency of management
• Requirements of capital
• Market condition

Question 20.
Answer the following:
(a) Lallu and Omar are partners in a firm sharing profits and losses in the ratio of 5 : 3. They admit Mathew as a partner. On the date of his admission, their balance sheet showed a balance of Rs. 24,000 in the profit and loss A/c. (Dr.) and Rs. 12,000 in reserve fund.
Record necessary journal entries for treatment of accumulated profit or loss. (3)
(b) Calculate the value of goodwill based on three years’ purchase of average profit of the last five years. The profits for the last 5 years were: (2)

Year	2015	2016	2017	2018	2019
Profit	40,000	36,000	44,000	45,000	35,000

Answer:


(b) Goodwill = Average Profit × No. of the years purchase
Average Profit = \(\frac{40000+36000+44000+45000+35000}{5}\) = 40,000
Goodwill = 40,000 × 3 = 1,20,000

VI. Questions from 21 to 22 carry 8 scores each. (2 × 8 = 16)

Question 21.
From the following Receipt and Payment A/c and other information, prepare Income and Expenditure A/c of Multi star Sports Club as on 31.12.2019:

Other Information:
(a) Subscription outstanding on 31.12.2019 amounts to Rs. 4,000.
(b) Electricity includes a sum of Rs. 500 paid for the next year.
(c) Half of the entrance fee is to be capitalised.
Answer:
Receipt and Payment A/c for the year ending 31.12.2019.

Question 22.
Given below is the balance sheet of Akhil and Ameer carrying a partnership business as on 31.12.2018. Akhil and Ameer share profits and losses in the ratio of 3 : 2.
Balance Sheet of Akhil and Ameer as on 31.12.2018

Carlos is admitted as a partner on the date of Bthe alance Sheet on the following terms:
(a) Carlose will bring Rs. 1,00,000 as his capital for \(\frac{1}{6}\) share in profits.
(b) Plant is to be appreciated to Rs. 1,20,000 and buildings is to be appreciated by 10%.
(c) The value of stock is reduced by 10%.
(d) A provision for doubtful debt is to be created at 10% of debtors.
(e) creditors were unrecorded to the extent of Rs. 1,000.
Prepare Revaluation a/c and Partners Capital a/c after the admission of Carlos.
Answer:
Revaluation A/c

Capital Account

Balance Sheet

Part – B
Computerised Accounting

VII. Questions from 23 to 26, Carry 1 score each. (4 × 1 = 4)

Question 23.
The code assigned for Kerala as “KL” and Tamil Nadu as “TN” is an example of _________________
(a) Block Codes
(b) Mnemonic Codes
(c) Alpha Numerical Codes
(d) Sequential Codes
Answer:
(b) Mnemonic Codes

Question 24.
The intersection of a column and a row in a spreadsheet is called a _________________
(a) Range
(b) Cell
(c) Worksheet
(d) Workbook
Answer:
(b) Cell

Question 25.
The function used for preparing loan repayment schedule in LibreOffice calc is _________________
(a) SLN
(b) PMT
(c) AND
(d) DB
Answer:
(b) PMT

Question 26.
Which of the following is not a system generated ledger account in GNU Khata?
(a) Opening Stock
(b) Stock at the beginning
(c) Closing stock
(d) Cash
Answer:
(d) Cash

VIII. Questions from 27 to 30, carry 2 scores each. (4 × 2 = 8)

Question 27.
Select the financial functions from the following:
PV, RATE, IF, ROUND, COUNT, NPV, LOOKUP, ACRINT
Answer:
PV, RATE, NPV, ACRINT

Question 28.
Name any four elements of a chart or graph.
Answer:
Chart Area, Plot Area, Data Point, Grid Lines, Legend, Chart title

Question 29.
State any two advantages of charts and graphs in business applications.
Answer:

• It summarizes a large data set in visual form.
• Charts or graphs can clarify trends better than do tables.
• It helps to estimate key values at a glance.
• It shows each data category in a frequency distribution.

Question 30.
Fill the series as per hint given:

Answer:

Transactions	Voucher Type	Function Key
Salary Paid	Payment	F5
Deposited into Bank	Contra	F8
Interest Received	Receipt	F4

IX. Questions from 31 to 32, carry 3 scores each. (2 × 3 = 6)

Question 31.
Briefly explain the functions available in LibreOffice Calc for calculating depreciation under Fixed Instalment Method and Diminishing Balance Method.
Answer:
(a) Straight Line Method
Under this method a fixed amount is deducted from the value of an asset year after year on account of depreciation and debited to Profit and Loss account. This method is also called Fixed Instalment method, or Original Cost method. Under this method value of asset will be reduced to zero.
\(\text { Depreciation }=\frac{\text { Cost of the asset }- \text { Scrap Value }}{\text { Life of the asset }}\)

(b) Written Down Value Method (WDV)
This method is also known as Diminishing balance method or Reducing balance method. Under this method, a fixed percentage is written off every year on the book value of the asset at the beginning of the year. Here the amount of depreciation goes on decreasing and therefore, the book value of asset will not become zero even after its working life.
Amount of depreciation = Written Down Value of Asset × Rate of Depreciation

Question 32.
Describe the procedure to prepare a Bank Reconciliation Statement in GNU Khata.
Answer:
Procedure for preparation of Bank Reconciliation Statement.
Step 1: Create Organisation
Application → Office → GNU Khata
Here select ‘Create Organisation’ and enter necessary details and select ‘Create and login’.
Step 2: Create Ledger Accounts
Master → Create Account → Select Group → Select Sub Group → Enter Account Name → Save
Step 3: Voucher Entry
Voucher Menu → Select appropriate voucher → Enter Voucher Number → Date → Enter Debit and Credit Amount → Press Enter → Enter narration → Click on save
Step 4: Enter Clearance Date
Master → Bank Recociliation Statement → Select Name ofrthe Bank → Set Reconciliation period → Click on View → Enter ‘Clearance date’
Step 5: Output
To show Bank Reconciliation Statement, click on ‘View Statement’.

X. Questions from 33 to 35, carry 4 scores each. (3 × 4 = 12)

Question 33.
Explain the security features of Computerised Accounting System.
Answer:
Security Features of Computerised Accounting Software
Every accounting software ensures data security, safety, and confidentiality by providing features like Password Security, Data Audit, and Data Vault.

1. Password Security: Password is the key to allow the access to the system. Computerised accounting system protects unauthorised persons from accessing to the business data. Only authorised person, who is supplied with the password, can enter to the system.
2. Data Audit: It enables one to know as to who and what changes have been made in the original data, thereby helping and fixing the responsibility of the person who has manipulated the data, and ensuring data integrity.
3. Data Vault: Software provides additional security through data encryption. Encryption means scrambling the data to make its interpretation impossible. Encryption converts readable data into an unreadable format. The encrypted data is commonly known as Ciphertext.

Question 34.
Describe the features of LibreOffice Calc.
Answer:
Features of LibreOffice Calc

• It is a spreadsheet application.
• It is both free software and open source software.
• It can be used to calculate, analyse, and manage data.
• The worksheet in Libre Office Calc contains Rows and Columns in a Table format.

Question 35.
Briefly explain the following:
(a) Tables
(b) Forms
Answer:
(a) Tables: Rows and columns to present fields in a database is called table. When creating a table, the characteristics of each field to be defined.
(b) Forms: Forms are used to enter or modify data (fields) into tables. Forms allow the user to display the data in a Table or Query.

XI. Question from 36 to 37, carry 5 scores each. (2 × 5 = 10)

Question 36.
Lists the merits and demerits of Computerised Accounting System (CAS). (any 5 each)
Answer:
(a) Advantages of Computerised Accounting System (CAS)

• Financial reports can be prepared in time.
• Alterations and additions in transactions are easy and give the changed result in all books of accounts instantly.
• It ensures effective control over the system.
• Economy in the processing of accounting data.
• Confidentiality of data is maintained

(b) Limitations of Computerised Accounting System

• Faster obsolescence of technology necessitates frequent upgradation in accounting software.
• Data may be lost or corrupted due to power interruption.
• Unprogrammed reports can not be generated.
• Alterations in transactions are easy. This reduces the reliability of accounting work.
• Work with CAS is expensive.

Question 37.
Explain any 5 statistical or logical functions in LibreOffice Calc.
Answer:
(a) Statistical functions
1. COUNT (): This function is used to count the number of cells in a range that contains numbers only.
Syntax :=COUNT (cell 1, cell 2, …) or =COUNT (Range)

2. COUNTA (): This function is used to count the number of cells in a range that contains any value. It will count number, text, time, date, logical values, error code, etc. In other words, this function counts the number of cells that are not empty in a range.
Syntax: = COUNTA(cell 1, cell 2….) or = COUNTA (Range)

3. COUNTBLANK (): This function in LibreOffice Calc count the number of empty cells in the given range. It is the opposite function of COUNTA.
Syntax: =COUNTBLANK (Range)

4. COUNTIF(): This function counts the number of cells within a given range that meet the criteria or condition.
Syntax: = COUNTIF (Range, Criteria)

5. AVERAGE (): This built-in statistical function is used to return the average value from a set of data.
Average = total sum of all the numbers – the number of items in the set.
Syntax: = AVERAGE (Cell 1, Cell 2, …)

(b) Logical Functions
1. IF (): This function is used to test a condition. When the condition is TRUE, then the first action is taken. When it is FALSE, then the second action is taken.
Syntax = IF (Test, Then value, Otherwise value)

2. NESTED IF (): LibreOffice Calc allows to include one function inside another function. It is called nesting of functions. The IF function can be nested, when you have multiple conditions to meet.
Syntax: =IF (Test_1, Then value_1, IF(Test_2, Then value _2, IF(………)))

3. AND (): This function gives only a TRUE or FALSE answer.
Syntax: =AND (Logical value 1, Logical value 2,…)

4. OR ( ): Returns TRUE if atleast one argument is TRUE. This function returns the value FALSE, If all the arguments have the logical value FALSE
Syntax: = OR (Logical value 1, Logical value 2,…)

Teachers recommend solving Kerala Syllabus Plus Two Accountancy Previous Year Question Papers and Answers Pdf Board Model Paper 2022 to improve time management during exams.

Kerala Plus Two Accountancy Board Model Paper 2022 with Answers

Time: 2 Hours
Maximum Score: 60

Section – I
(Accountancy) (40 Scores)

Part – I

A. Answer any 4 questions from 1 to 6. Each carries 1 Score. (4 × 1 = 4)

Question 1.
In a not-for-profit organization, the annual surplus or deficit is ascertained by preparing:
(a) Receipts and Payments a/c
(b) Income and Expenditure a/c
(c) Trial Balance
(d) Balance Sheet
Answer:
(b) Income and Expenditure A/c

Question 2.
In the absence of an agreement, partners are legally entitled to get:
(a) Interest on capital
(b) Salary
(c) Commission
(d) Interest on Loan
Answer:
(d) Interest on Loan

Question 3.
Which among the following events led to the reconstruction of a partnership firm?
(a) Admission of a partner
(b) Retirement of a partner
(c) Death of a partner
(d) All of these
Answer:
(d) All of these

Question 4.
The ratio in which the continuing partners have acquired the share from the retiring partner is called:
(a) Sacrificing ratio
(b) Gaining ratio
(c) New ratio
(d) Old ratio
Answer:
(b) Gaining ratio

Question 5.
The loss on revaluation at the time of retirement of a partner should be debited to:
(a) All Partners Capital Accounts
(b) Continuing partners Capital Accounts
(c) Retiring partner’s Capital Account
(d) None of these
Answer:
(a) All Partners Capital Accounts

Question 6.
When the business of an existing firm becomes illegal, it will lead to:
(a) Dissolution by Agreement
(b) Dissolution by Court
(c) Compulsory dissolution
(d) Dissolution by Notice
Answer:
(c) Compulsory dissolution

B. Answer all questions from 7 to 9. Each carries 1 Score. (3 × 1 = 3)

Question 7.
The donation received by a club for the creation of a book bank should be treated as:
(a) Capital Receipt
(b) Revenue Receipt
(c) Capital Payments
(d) Revenue Payments
Answer:
(a) Capital Receipt

Question 8.
Interest on opening balance of the capital accounts of partners is calculated for a period of:
(a) 6 months
(b) 5.5 months
(c) 6.5 months
(d) 12 months
Answer:
(d) 12 months

Question 9.
Goodwill of a firm should be ascertained at the time of:
(a) Sale of any fixed assets
(b) Opening a bank account
(c) Change in profit sharing ratio
(d) Payment of outside liabilities
Answer:
(c) Change in profit sharing ratio

Part – II

A. Answer the following question, which carries 2 scores. (1 × 2 = 2)

Question 10.
List out any two features of the Receipts and payments account maintained by a not-for-profit organisation.
Answer:
Features of Receipts and Payment Account are as follows:

• It is a real account.
• It is a summary of the cash book.
• It is prepared at the end of an accounting year based on the cash book.
• It is debited with all cash receipts and credited with all cash payments.
• It is prepared on a cash basis (records only actual cash receipts and payments).
• It records all receipts and payments of the current year, previous and succeeding years.
• It records all receipts and payments, whether they are of capital and revenue nature.

B. Answer any 1 question from 11 to 12. Carries 2 scores. (1 × 2 = 2)

Question 11.
Anil and Baiju are partners in a firm, sharing profits in the ratio of 3 : 2. They admitted Suku as a new partner with \(\frac{1}{4}\) share in profits. At that time, goodwill appears in the books at ₹ 10,000. Pass the journal entry for writing off the existing amount of goodwill.
Answer:
Journal entry to write off existing goodwill:-
Anil’s Capital A/c Dr 6,000
Biju’s Capital A/c Dr 4,000
To Goodwill A/c 10,000
(Existing goodwill written off in their old ratio)

Question 12.
Distinguish between Revaluation Account and Realisation Account prepared by the partnership firms.
Answer:
Differences between Revaluation Account and Realization Account.

Revaluation Account	Realization Account
1. Prepared to ascertain the variation in the values of the assets and liabilities of the firm.	1. Prepared to ascertain the net profit or loss on the sale of assets or discharge of liabilities.
2. Prepared at the time of reconstitution.	2. Prepared at the time of dissolution.
3. Firm continues even after its preparation.	3. Firm dissolved after its preparation.
4. It comprises of only those assets and liabilities which are revalued.	4. It comprises all the assets and liabilities.

Part – III

A. Answer any 3 questions from 13 to 16. Each carries 3 scores. (3 × 3 = 9)

Question 13.
Calculate the amount of subscription to be credited to the income and Expenditure Account of a Sports Club, for the year ended March 2021:
(a) Subscription received during 2020-2021 – ₹ 54,000
(b) Subscription outstanding as on 01.04.2020 – ₹ 6,000
(c) Subscription outstanding as on 31.03.2021 – ₹ 8,000
(d) Subscription received in advance as on 31.03.2021 – ₹ 4,000
Answer:
Calculation of the amount of subscription to be credited to the income and expenditure account:

Question 14.
A, B and C are equal partners in a firm. They made the following during this year:
(a) ‘A’ withdrew ₹ 3,000 per month at the beginning of every month.
(b) ‘B’ withdrew ₹ 3,000 per month at the end of every month.
(c) ‘C’ withdrew ₹ 3,000 per month at the middle of every month.
Calculate the annual interest on drawings to be charged from A, B, and C. The partnership deed provides for 9% interest on drawing per annum.
Answer:
Calculation of Interest on drawings:
(a) ‘A’ withdrew Rs.3,000 per month at the beginning of every month.
3000 × 12 × \(\frac{6.5}{12}\) × 9% = 1755

(b) ‘B’ withdrew Rs.3,000 per month at the end of every month.
3000 × 12 × \(\frac{5.5}{12}\) × 9% = 1485

(c) ‘c’ withdrew Rs.3,000 per month at the middle of every month.
3000 × 12 × \(\frac{6}{12}\) × 9% =1620

Question 15.
Ajith and Balu are partners in a firm sharing profits in the ratio of 3 : 2. They admit Dinu as a new partner for \(\frac{1}{5}\) share in the future profits, which he gets equally from Ajith and Balu. Calculate the new profits sharing ratio.
Answer:
Calculation of New profit sharing ratio:
Old ratio of Ajith & Balu = 3 : 2
Dinu’s Share = \(\frac{1}{5}\) which he acquires equally, i.e \(\frac{1}{10}\) from Ajith and \(\frac{1}{10}\) from Balu.
Ajith’s new share = Old share – Ajith’s share acquired by Dinu
\(\frac{3}{5}-\frac{1}{10}=\frac{6-1}{10}=\frac{5}{10}\)
Balu’s new share = Old share – Balu’s share acquired by Dinu
\(\frac{3}{5}-\frac{1}{10}=\frac{6-1}{10}=\frac{5}{10}\)
Dinu’s share = \(\frac{1}{5}\) or \(\frac{2}{10}\)
So new ratio of Ajith, Balu and Dinu = 5 : 3 : 2

Question 16.
A and B are partners in a firm sharing profits in the ratio of 3 : 2. They decided to dissolve the firm on 31.03.2021. On that date the firm has assets of ₹ 1,20,000 and outside liabilities of ₹ 80,000.
Prepare the Realisation Account by considering the following details:
(a) Assets were realized for ₹ 1,50,000
(b) Outside liabilities were fully paid, except creditors of ₹ 2,000.
(c) Realisation expenses’paid by the firm ₹ 1,000.
Answer:
Realisation Account

B. Answer the following question, which carries 3 scores. (1 × 3 = 3)

Question 17.
Divya and Reshma sharing profits and losses in 2 : 1 ratio. They admit Sheeba as a new partner for \(\frac{1}{4}\) share in profits with a guarantee that her share of profits shall be at least ₹ 70,000. The net profits of the firm for the year ending March 31, 2021 were ₹ 1,60,000. Prepare the Profit and Loss Appropriation Account.
Answer:
Guaranteed partner is Sheeba
Sheeba’s guaranteed profit = ₹ 70,000
Profit sharing ratio between Divya and Reshma = 2 : 1
Firm’s profit = ₹ 1,60,000
Divya’s share of profit = 1,60,000 × \(\frac{2}{4}\) = ₹ 80,000
Reshma’s share of profit = 1,60,000 × \(\frac{1}{4}\) = ₹ 40,000
Sheebas’s share of profit = 1,60,000 × \(\frac{1}{4}\) = ₹ 40,000
Sheeba’s guaranteed share of profit = ₹ 70,000
Deficiency in Sheeba’s share = ₹ 30,000 (70,000 – 40,000), it should be shared by Divya and Reshma in their ratio (2 : 1 ).
Deficiency met by Divya = 30,000 × \(\frac{2}{3}\) = ₹ 20,000
Deficiency met by Reshma = 30,000 × \(\frac{1}{3}\) = ₹ 10,000
Profit & Loss Appropriation Account

Part – IV

Answer any 2 questions from 18 to 20. Each carries 4 scores. (2 × 4 = 8)

Question 18.
Distinguish between Fixed Capital method and Fluctuating Capital method of maintaining the capital account of partners.
Answer:
Difference between Fixed Capital Method and Fluctuating Method.

Fixed Capital Method	Fluctuating Method
1. Under this method, two accounts are maintained, ie, capital a/c and current a/c.	1. Only one account is maintained, ie, capital a/c.
2. Usually, the amount of capital remains the same year after year.	2. The balance of the capital account fluctuates from year to year.
3. All adjustments are recorded in a separate current account.	3. All adjustments are recorded in the capital account itself.
4. Both the current a/c and the capital a/c are shown in the Balance Sheet.	4. Only the capital a/c appears in the Balance Sheet.
5. It should be specifically mentioned in the deed.	5. It is not necessary.

Question 19.
In a partnership firm, the amount of capital invested in the business was ₹ 5,00,000 and the profits for the last five years were:

Year	₹
2016-17	40,000
2017-18	50,000
2018-19	55,000
2019-20	70,000
2020-21	85,000

The normal rate of return of this category of business is 10% p.a. Calculate the value of Goodwill based on 3 years purchase of the super profits of the business.
Answer:
Calculation of Goodwill:
Goodwill = Super profit × 3 year’s purchase
Average Profit = \(\frac{40,000+50,000+55,000+70,000+85,0000}{5}\)
= \(\frac{3,00,000}{ 5}\)
= 60,000
Normal Profit = Capital employed × Normal Rate of Return/100
= 5,00,000 × \(\frac{10}{100}\)
= 50,000
Super profit = Actual Profit – Normal Profit
= 60,000 – 50,000
= 10,000
Goodwill = 10,000 × 3 = 30,000

Question 20.
X, Y and Z are partners sharing profits in the ratio of 3 : 2 : 1. At the time of ‘X’s retirement, the Balance Sheet General Reserve of ₹ 90,000 and Accumulated loss of ₹ 60,000. Pass journal entries to deal with these appearing in the Balance Sheet.
Answer:
Accounting treatment for General Reserve & Accumulated Loss:
(a) General ReserveA/c Dr 90000
To X’s Capital A/c 45000
To Y’s Capital A/c 30000
To Z’s Capital A/c 15000
(General reserve distributed among all the partners in their old ratio)

(b) X’s Capital A/c Dr 30000
Y’s Capital A/c Dr 20000
Z’s Capital A/c Dr 10000
To Profit & Loss A/c 60000
(Accumulated loss distributed among all the partners)
It is the amount paid to the person who is not a regular employee of the institution. It is a revenue expenditure and it should be shown on the expenditure side of the income and expenditure account.

B. Answer any 1 Question from 21 to 22. Carries 4 scores. (1 × 4 = 4)

Question 21.
Explain the accounting treatment of the following items in the financial statements of a not-for-profit organisation:
(a) Legacies
(b) Life membership fees
(c) Sale of periodicals
(d) Payment of Honorarium
Answer:
(a) Legacies: It is the amount received as per the will of a deceased person. It is a capital fund and should be shown on the receipt side of the receipts and payment account and should be added to the capital fund in the balance sheet.
(b) Life membership fees: Some members prefer to pay lump sum amount as life membership fee instead of paying periodic subscription. Such amount is treated as capital receipt and added directly to the capital fund in the balance sheet.
(c) Sale of periodicals: It is an item of recurring nature (revenue receipts) and shown as the income side of the income and expenditure account.
(d) Payment of Honorarium: It is the amount paid to the person who is not a regular employee of the institution. It is a revenue expenditure and it should be shown on the expenditure side of the income and expenditure account.

Question 22.
A and B are partners sharing profits in the ratio of 2 : 1. ‘C’ is admitted into the firm for \(\frac{1}{4}\) share of profits. He brings ₹ 40,000 in respect of this capital. The Capitals of A and B after all the adjustments were ₹ 90,000 and ₹ 30,000 respectively. They agreed to bring their capitals in the new profit sharing ratio (i.e, 2 : 1 : 1). Calculate the new capitals of A and B and pass necessary journal entries for the adjustment of the capitals through cash.
Answer:
Total capital of the new firm based on C’s capital = 40,000 × \(\frac{4}{1}\) = Rs. 1,60,000
New ratio of A, B and C = 2 : 1 : 1
A’s new capital = 1,60,000 × \(\frac{2}{4}\) = 80,000
B’s new capital = 1,60,000 × \(\frac{1}{4}\) = 40,000
C’s capital = 1,60,000 × \(\frac{1}{4}\) = 40,000
Adjusted capital of A = 90,000
Adjusted capital of B = 30,000
Surplus of A’s capital = 90,000 – 80,000 = 10,000
Shortage of B’s capital = 40,000 – 30,000 = 10,000

Journal Entries:
In case of A
A’s Capital A/c Dr 10,000
To Cash A/c 10,000
(Excess capital withdrawn)
In case of B
Cash A/c Dr 10,000
To B’s Capital A/c 10,000
(Additional capital introduced)

Part – V

Answer any 1 question from 23 to 24. Carries 5 scores. (1 × 5 = 5)

Question 23.
From the given receipts and payments of an Arts Club, prepare the Income and Expenditure Account for the year ending March 31, 2021.
Cash Receipts during the year:
Subscriptions – ₹ 32,000
Rent of hall – ₹ 6,000
Sale of investments – ₹14,000
Cash Payments during the year:
Salary – ₹ 18,000
Rent – ₹ 22,000
Electricity – ₹ 4,000
Stationery – ₹ 2,000
Adjustments:
(a) Prepaid salary – ₹ 3,000
(b) Subscriptions outstanding on 31.03.2021 – ₹ 4,000
(c) Rent outstanding – ₹ 2,000
Answer:
Income and Expenditure Account

Question 24.
A flash and Basith were equal partners in a firm. They decided to admit Sreesiv as a new partner with \(\frac{1}{3}\) share in the business profits. Their assets and liabilities at the time of admission of the new partner were:

They agreed on the following conditions at the time of admission of the new partner:
(a) Value of stock is reduced by 10%
(b) Land and buildings appreciated by 10%
(c) Creditors of ₹ 1,000 may be written off.
(d) Unrecorded investment of ₹ 5,000 should be taken into account.
Prepare the Revaluation Account on admission of Sreesiv.
Answer:
Revaluation A/c

Section – II
Computerised Accounting (20 Scores)

A. Answer any 2 questions from 25 to 28. Each carries 1 score. (2 × 1 = 2)

Question 25.
In a retail business firm, the code 501 – 599 is given for washing powders. It is an example of:
(a) Sequential codes
(b) Block codes
(c) Mnemonic codes
(d) Numeric codes
Answer:
(b) Block codes

Question 26.
Libre office Calc is a ________________ software.
(a) Presentation
(b) Database
(c) Text document
(d) Spreadsheet
Answer:
(d) Spreadsheet

Question 27.
Which function in LibreOffice Calc displays the current system date?
(a) TODAY
(b) NOW
(c) DATE
(d) YEAR
Answer:t
(a) TODAY

Question 28.
Which of the following is a system generated ledger account in GNU Khata?
(a) Cash Account
(b) Bank Account
(c) Profit and Loss Account
(d) All of these
Answer:
(c) Profit and Loss Account

B. Answer any 1 question from 29 to 30. Carries 1 score. (1 × 1 = 1)

Question 29.
__________________ function in spreadsheet is used for calculating the Equated Monthly Instalment of a bank loan.
(a) PMT
(b) SLN
(c) DB
(d) PV
Answer:
(a) PMT

Question 30.
The ‘depth axis’ in a ‘3D’ chart is called ________________
(a) X axis
(b) Y axis
(c) Z axis
(d) XY axis
Answer:
(c) Z axis

Part – VII

A. Answer any 3 questions from 31 to 34. Each carries 2 scores.

Question 31.
Write short notes on the following components of LibreOffice Calc:
(a) Cell
(b) Range
Answer:
(a) Cell – The intersection of a row and a column is called a cell.
(b) Range – Range is a group of adjacent cells that forms a rectangular area.

Question 32.
Give the syntax of the following functions in a spreadsheet used for asset accounting.
(a) SLN
(b) DB
Answer:
(a) syntax – =SLN (cost, salvage, life)
(b) syntax – =DB (cost, salvage, life, period, month)

Question 33.
Explain the following elements of a chart or graph.
(a) Plot Area
(b) Legend
Answer:
(a) Plot area – It is the total space that is enclosed by a chart.
(b) Legend – It is an identifier of a piece of information shown in the chart.

Question 34.
Name the four parts shown in the ‘Table Design Window’ that appeared at the time of creating tables in design view.
Answer:
(1) Field Name
(2) Field Type
(3) Description
(4) Field Properties

B. Answer any 1 question from 35 to 36. Each carries 2 scores. (1 × 2 = 2)

Question 35.
Briefly explain about any two security features commonly available in Computerised Accounting Systems.
Answer:
Data Audit: It enables one to know as to who and what changes have been made in the original data there by helping and fixing the responsibility of the person who has manipulated the data and ensures data integrity.
Data Vault: Software provides additional security through data encryption. Encryption means scrambling the data to make its interpretation impossible. Encryption converts readable data into an unreadable format. The encrypted data is commonly known as Ciphertext.

Question 36.
Give the path for performing the following actions in GNU Khata:
(a) Deleting Ledger Accounts
(b) View Trial Balance
Answer:
(a) Deleting a Ledger Account
To delete a ledger account, select Edit Account from the Master menu. Select the ledger account – we want to delete, click on the Delete Button, and confirm the deletion. System generated account and the ledger account already used in voucher cannot be deleted.
(b) Display Trial Balance
Step 1: Click on the Report tab from the menu bar
Step 2: Select Trial balance from the menu
Step 3: Enter From date and To date
Step 4: Select the Trial Balance Type
Step 5: Click on View button to View the Trial Balance
Report → Trial Balance → View

Part – VIII

A. Answer any 2 questions from 37 to 39. Each carries 3 scores. (2 × 3 = 6)

Question 37.
List out the merits of Computerised Accounting over Manual Accounting.
Answer:
Advantages of Computerised Accounting System (CAS)
1. Financial reports can be prepared in time.
2. Alterations and additions in transactions are easy and give the changed result in all books of accounts instantly.
3. It ensures effective control over the system.
4. Economy in the processing of accounting data.

Question 38.
Briefly explain the three types of spreadsheet cell references used in LibreOffice Calc.
Answer:
Types of Cell References

1. Relative Cell References: By default cell reference is relative; which means that as a formula or function is copied and pasted to other cells, the cell references in the formula or function change to reflect the new location.
2. Absolute Cell Reference: The absolute cell reference consist of the column letter and row number surrounded by dollar ($) signs. Eg $A$5. An absolute cell reference is used when we want a cell reference to stay fixed on a specific cell.
3. Mixed Cell Reference: It is a combination of relative and absolute cell references that holds either row or column constant when the formula or function is copied to another location.

Question 39.
Explain the purpose of the following types of vouchers, by specifying its shortcut keys, used in GNU Khata.
(a) Payments
(b) Purchases
(c) Contra
Answer:
(a) Payment Voucher – For recording cash and bank payments (F5).
(b) Purchase Voucher – For recording cash and credit purchases (F7).
(c) Contra Voucher – For recording cash and bank (contra) transactions (F8).

B. Answer the following questions, which carry 3 scores. (2 × 3 = 6)

Question 40.
State the purpose for which the following functions used in LibreOffice Calc:
(a) CONCATENATE
(b) RATE
(c) NPV
Answer:
(a) CONCATENATE – This function is used to combine several text strings in different cells into one string.
(b) RATE – This function returns the interest rate per period of an annuity.
(c) NPV – This function calculates the net present value of an investment by using a discount rate and a series of future payments and incomes.

Teachers recommend solving Kerala Syllabus Plus Two Accountancy Previous Year Question Papers and Answers Pdf Board Model Paper 2023 to improve time management during exams.

Kerala Plus Two Accountancy Board Model Paper 2023 with Answers

Time: 2 Hours
Maximum Score: 60

Part – A
(Accounting) (40 Scores)

I. Answer any 4 questions from 1 to 5. Each carries 1 score. (4 × 1 = 4)

Question 1.
Find the odd one:
(a) Interest on Capital
(b) Interest on Drawings
(c) Partner’s Commission
(d) Partner’s Salary
Answer:
(b) Interest on Drawings

Question 2.
On admission of a partner, Profit and Loss Account (Dr. Balance) shows:
(a) Accumulated Profit
(b) Revaluation Loss
(c) Reserve
(d) Accumulated Loss
Answer:
(d) Accumulated Loss

Question 3.
The profit and loss on revaluation is transferred to the old partners’ capital account in
(a) Old Ratio
(b) In the ratio of Capital
(c) New Ratio
(d) Sacrificing Ratio
Answer:
(a) Old Ratio

Question 4.
The business of the firm is terminated at the time of
(a) Dissolution of Partnership
(b) Retirement of a Partner
(c) Death of a Partner
(d) Dissolution of Firm
Answer:
(d) Dissolution of Firm

Question 5.
On Dissolution of a firm, the profit on realisation is transferred to _________________
(a) Debit side of partners capital account
(b) Credit side of partner’s capital account
(c) Debit side of cash account
(d) Credit side of cash account
Answer:
(b) Credit side of partner’s capital account

II. Answer all questions from 6 to 7. Each carries 2 scores. (2 × 2 = 4)

Question 6.
Anil and Sunil are partners in a firm with equal profit sharing ratio. Sunil drew regularly ₹ 2,000 at the end of every month. Calculate interest at 10% p.a. for the year ended 31st December, 2021.
Answer:
Calculation of Interest on drawings:
Withdrew Rs.2,000 per month at the end of every month = 24000 × \(\frac{10}{100}\) × \(\frac{5.5}{12}\) = Rs.1100

Question 7.
What do you mean by ‘Gaining Ratio’?
Answer:
The ratio in which the remaining partners share the profit of a retiring or deceased partner is called the gaining ratio.
Gaining Ratio = New Ratio – Old Ratio

III. Answer any 2 questions from 8 to 10. Each carries 3 scores.

Question 8.
Distinguish between Fixed Capital Method and Fluctuating Capital Method.
Answer:
Difference between Fixed Capital Method and Fluctuating Method

Fixed Capital Method	Fluctuating Method
1. Under this method, two accounts are maintained, i.e, capital a/c and current a/c.	1. Only one account is maintained, i.e, capital a/c.
2. Usually, the amount of capital remains the same year after year.	2. The balance of the capital account fluctuates from year to year.
3. All adjustments are recorded in a separate current account.	3. All adjustments are recorded in the capital account itself.
4. Both the current a/c and the capital a/c are shown in the Balance Sheet.	4. Only the capital a/c appears in the Balance Sheet.
5. It should be specifically mentioned in the deed.	5. It is not necessary.

Question 9.
Profits of Das Agency for the three years were:

Year	Profits (₹)
2015	25,000
2016	35,000
2017	60,000

Calculate the value of Goodwill based on 2 years’ purchase of average profit.
Answer:
Goodwill Average Profit × No. of Years’ Purchase
Average Profit = \(\frac{25000+35000+60000}{3}\) = Rs. 40,000
Goodwill = 40,000 × 2 = Rs. 80,000

Question 10.
Distinguish between Dissolution of Partnership and Dissolution of Firm.
Answer:
Difference between Dissolution of Partnership and Dissolution of Firm

Basis of Difference	Dissolution of Partnership	Dissolution of Firm
1. Settlement of accounts	Assets and Liabilities are revalued	Assets are realised and liabilities are paid off
2. Closing of books	Books of accounts are not closed	Books are closed
3. Preparation of Balance Sheet	A New Balance Sheet is prepared soon after the Dissolution	New Balance Sheet is not prepared

IV. Answer all questions from 11 to 12. Each carries 4 scores. (2 × 4 = 8)

Question 11.
General Reserve ₹ 30,000 and Profit and Loss Account (Debit Balance) ₹ 10,000 appearing in the Balance sheet of partners Gireesh and FySal on the admission of Suresh is to be adjusted. Give the journal entries assuming that Gireesh and Fysal are equal partners.
Answer:

Question 12.
Anju, Manju and Renju are partners in a firm. Manju retires from the firm. On the date of retirement ₹ 60,000 is due to her. Anju and Renju promise to repay the amount in three equal installments at the end of every year. Prepare Manju’s Loan Account, if they agreed to pay in three equal yearly installments together with interest @ 10% p.a.
Answer:
Manju’s Loan A/c

Note: Instalment = \(\frac{60,000}{3}\) = 20,000

V. Answer all the questions from 13 to 14. Each carries 5 scores: (2 × 5 = 10)

Question 13.
Sachin and Rahul commenced business as partners on 1st January, 2022. Sachin contributed ₹ 1,00,000 and Rahul contributed ₹ 50,000 as their share of capital. The partners decided to share profits and losses in the ratio of 2 : 1. Sachin was entitled to a salary of ₹ 1,000 per month. Interest on capital was to be provided @ 6% p.a. The Drawings of Sachin and Rahul for the year ending 31st December, 2022 were ₹ 15,000 and ₹ 25,000 respectively. The profits of the firm after providing for Sachin’s salary and interest on capital were ₹ 36,000. Prepare partners’ capital accounts when capitals are fluctuating.
Answer:
Partner’s Capital A/c

Question 14.
Hameed, Gopalan and George are equal partners in a firm. Gopalan died on 1st March, 2021. The books of account reveal the following:
General Reserve – ₹ 21,000
Gopalan’s Capital – ₹ 50,000
P/L A/c (Cr) – ₹ 18,000
Gopalan’s Drawings – ₹ 10,000
Value of Goodwill – ₹ 36,000
Prepare Gopalan’s capital account to find out the amount due to his legal heirs.
Answer:
Gopalan’s Capital A/c

V. Answer any one question from 15 to 16. Carries 8 scores. (1 × 8 = 8)

Question 15.
Given below is the Balance Sheet of Vijay and Sanjay who are sharing profits in the ratio of 3 : 2 as on 31st March, 2021.
Balance Sheet as on March 31, 2021

Ajay is admitted as a new partner on the above date on the following terms:
(a) Ajay will bring ₹ 30,000 for his capital and necessary amount of Goodwill in cash for \(\frac{2}{7}\) share in future profits. The Goodwill of the firm has been valued at ₹ 1,40,000.
(b) Stock revalued at ₹ 72,000
(c) Plant and Machinery reduced by 10%.
(d) Create provision for bad debts @ 10% on debtors.
Prepare Revaluation Account, Partners Capital Account and the New Balance Sheet.
Answer:
Revaluation A/c

Partner’s Capital A/c

Ajay’s share of goodwill = 140000 × \(\frac{2}{7}\) = 40,000
Sacrificing Ratio = 3 : 2
Balance Sheet

Question 16.
Arun, Bhaskarand, and Christy are partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as on 31st March, 2021 was as follows:
Balance Sheet as on 31st March, 2021

The firm was dissolved on that date. Prepare Realisation Account with the following information:
(a) Building realised for ₹ 1,50,000, Bill Receivable Realised for ₹ 75,000, Stock realised for ₹ 50,000, Machinery realised for ₹ 35,000 and Furniture ₹ 40,000.
(b) Bank Loan was settled for ₹ 80,000.
(c) Creditors and Bill payable were settled at 10% discount.
(d) Realisation expense ₹ 1,500.
Answer:
Realisation A/c

Section – II
(Computerised Accounting) (20 Scores)

VII. Answer any 3 questions from 17 to 20. Each carries 1 score. (3 × 1 = 3)

Question 17.
Pick out the odd one out.
(a) Password Security
(b) Data Audit
(c) Data Vault
(d) Data Bank
Answer:
(d) Data Bank

Question 18.
Which command reverses the last action performed in the worksheet?
(a) Cut
(b) Redo
(c) Undo
(d) Paste
Answer:
(c) Undo

Question 19.
Libre Office Calc is a _________________ program.
(a) Word Processor
(b) Browser
(c) Calculator
(d) Spreadsheet
Answer:
(d) Spreadsheet

Question 20.
Which among the following is free and open source software for Accounting?
(a) GNUKhata
(b) Tally
(c) PeechTree
(d) Dac Easy
Answer:
(a) GNUKhata

VIII. Answer the question 21 which carries 2 scores. (1 × 2 = 2)

Question 21.
What is Primary Key?
Answer:
Primary key is a unique key which identifies a row in a table. A primary key comprises a single column or set of columns.

IX. Answer all the questions from 22 to 23. Each carries 3 scores.

Question 22.
What are the features of Charts?
Answer:

• Chart is a graphical representation of data.
• They are a visual representation of numerical data.
• Charts can be read more quickly than the raw data.

Question 23.
Give the cell address or range reference in the following situation:
(a) Cell at 10th column and 6th row.
(b) Cell at 20th column and 10th row.
(c) Range starting from 5th column 10th row and spread till 12th column and 16th row.
Answer:
(a) J6
(b) T10
(c) E10:L16

X. Answer the question 24 which carries 4 scores. (1 × 4 = 4)

Question 24.
Explain the four advantages of a Computerised Accounting System.
Answer:

• Financial reports can be prepared in time.
• Alterations and additions in transactions are easy and give the changed result in all books of accounts instantly.
• It ensures effective control over the system.
• Economy in the processing of accounting data.

XI. Answer any one question from 25 to 26. Carries 5 scores. (1 × 5 = 5)

Question 25.
Explain the procedure to be followed while preparing the Payroll statement.
Answer:
Preparation of payroll statement
Step 1: Calculation of Total earnings

• Earnings include Basic Pay, Grade Pay, Dearness Pay, Dearness allowance, House Rent allowance, Transport Allowance, etc.
• Enter the above headings in the cells A1, B1, C1, D1, E1 respectively.
• Enter the amounts in A2, B2, C2, D2 etc. respectively.
• To get the total earnings, use the given formula.
• Total earnings = Σ(A2 + B2 + C2 + D2 +……..)

Step 2: Calculation of Total Deductions

• Deductions include Professional Tax, Provident Fund, Tax deducted at source, Loan recovery, etc.
• Enter the above headings in the cells A3, B3, C3, D3 etc.
• Enter the amounts in A4, B4, C4, D4 respectively.
• To get the total deductions, use the given formula
• Total deductions = Σ(A4 + B4 + C4 + D4 +………..)

Step 3: Calculation of Net Salary
Use the given formula to find out Net Salary.
Net Salary = Total Earnings – Total Deductions

Question 26.
Explain the procedure to be followed while preparing Cash Book in GNU Khata.
Answer:
Procedure:
Step 1: Create a New organisation with imaginary data – Profit making
Step 2: Creation of Ledger Accounts
Master Menu → Create Account
Group – Current Assets
Sub Group – Cash
Account – Cash in hand
Enter the opening cash balance.
Step 3: Display ledger account
Report → Ledger → Cash in hand → View