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AISSCE
Practical Examination - 2019
Class: XII ACCOUNTANCY Marks:
12
Time:
40 mts.
General
Instructions:
a)
This Question Paper contains three questions. You have to answer all questions.
b)
First two questions carry 3 marks each and third question carries 6 mark.
1. Following
information is given by a company from its books of accounts as on March 31,
2015: [3]
Inventory 2,00,000
Total Current Assets 2,60,000
Shareholders’ funds 5,00,000
15% Debentures 3,00,000
Current liabilities 1,50,000
Net Profit Before Tax 3,50,000
Cost of revenue from operations 4,00,000
Calculate:
a) Debt Equity Ratio
b) Interest Coverage Ratio
c) Inventory Turnover Ratio
2. The
quarterly report of a company gives the following information about sales
revenue and net profit for the Second quarters of past three years. Compare the
two quarters and find out which one
better one. Comment which one is better.
[3]
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Particulars
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2014-15
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2014-13
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2013-12
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Sales
Revenue
Net Profit
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2000000
500000
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1800000
400000
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1500000
200000
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3. Following
are the Balance sheets of Wisben Ltd. as on 31st March 2015 and 2014.
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Particulars
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Note No.
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2015
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2014
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1.
Equity
& Liabilities
i)
Shareholder Fund
(a)
Share capital
(b)
Reserve & Surplus
ii) Non-current
liabilities
Long term borrowings
iii) Current
liabilities
Trade payable
Total
2.
Assets
i)
Non-Current Assets
(a)
Fixed Assets
Tangible assets
ii)
Current Assets
(a)
Inventories
(b)
Trade Receivables
(c)
Cash and Cash
equivalents
Total
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7,00,000
2,00,000
3,00,000
30,000
 12,30,000
11,00,000
70,000
32,000
28,000
12,30,000 |
6,00,000
1,10,000
2,00,000
25,000
 9,35,000
8,00,000
60,000
40,000
35,000
9,35,000
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Adjustments
At the beginning of the year a piece
of machinery of the book value of Rs. 80,000 was sold for Rs. 65,000.
Depreciation provided on tangible assets during the year amounted to Rs.
2,00,000.
Prepare a Cash
Flow Statement.
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Class: XII ACCOUNTANCY Marks: 12
Time: 45mts.
MARKING SCHEME
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Question
No.
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Value Points
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Marks
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1.
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1) Debt-Equity Ratio =
= 0.6 :
1
2) Interest Coverage Ratio =
=
3) Inventory Turnover
Ratio =
= 2
times
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3
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2.
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Net Profit Ratio =
Net Profit Ratio 0f 2013-12= 25%
Net Profit Ratio 0f 2014-13= 22%
Net Profit Ratio 0f 2015-14 = 13%
Comparing the three years performance the last year’s second quarter
performance is the better one.
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3
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3.
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Cash flow from Operating Activities 293000
Cash flow from Investing Activities (500000)
Cash flow from Financing Activities 200000.
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6
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