AISSCE Practical Examination - 2019 - ACCOUNTANCY

GRPS –AISSCE - 001

Dr GR PUBLIC SCHOOL, NEYYATTINKARA

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.     From the following information, calculate Debt Equity Ratio, Total Assets to Debt Ratio and Proprietary Ratio                                                                  [3]

Balance Sheet as at March 31, 2015

Particulars	Note No.	Amount
1. Equity and Liabilities a) Shareholder’s Funds      Share Capital      Reserves and Surplus b) Non-Current Liabilities      Long-term Borrowings c) Current Liabilities 2.Assets a) Non-current Assets Fixed Assets Non-current Investment b) Current Assets	1	500000 150000 100000 50000
		800000
		550000 100000 150000
		800000

2.      From the following information of Performance of a Company in different segments find out the best segment of performance;                               [3]

Segment	Sales	Net Profit
2011 2012 2013 2014 2015	800000 1000000 1500000 1800000 2000000	40000 30000 50000 90000 125000

3.     From the Balance Sheets and information given below prepare Cash Flow Statement: 

Particulars	Note     No.	31st March 2013   (Rs.)	31st March 2012    (Rs.)
I.  Equity and Liabilities  1.                 Shareholders’ Funds                (a) Share Capital         (b) Reserve & Surplus (profit) 2.                 Non-current Liabilities         Long-term Borrowings :            Bank Loan 3.                 Current Liabilities         (a) Trade Payables (Creditors)                                      Total   II Assets 1.                 Non-current Assets        (a) Fixed Assets:        (i) Tangible Assets (Machinery) 2.                 Current Assets (a)   Inventories (b)   Trade Receivables (Debtors)       (b) Cash and Cash Equivalents                                                Total		3,50,000 1,00,000 1,50,000 15,000 6,15,000  5,50,000   35,000  16,000  14,000 6,15,000	3,00,000 55,000 1,00,000 12,500 4,67,500  4,00,000   30,000 20,000  17,500 4,67,500

During the year a piece of machinery of book value of Rs.40,000 was sold for Rs.32,500. Depreciation provided on tangible assets during the year amounted to Rs.1,00,000. Prepare a Cash Flow Statement.

GRPS –AISSCE - 001

AISSCE Practical Examination - 2018

Class: XII                       ACCOUNTANCY                           Marks: 12

  Time: 45 mts.

MARKING SCHEME

Question No.	Value Points	Marks
1.	1) Debt-Equity Ratio  =                                     =                                     = 0.15 : 1 2) Total Assets to Debt Ratio =                                                 =                                                 = 8 : 1 3) Proprietary Ratio    =                                     =                                     = 0.81: 1	3
2.	Net Profit Ratio = Net Profit Ratio 0f 2011= 5% Net Profit Ratio 0f 2012= 3% Net Profit Ratio 0f 2013= 3.3% Net Profit Ratio 0f 2014= 5% Net Profit Ratio 0f 2015= 6.5%     Comparing the ratios of different ratios , the companies performance is improving in the last 4 years.	3
3.	Cash flow from Operating Activities 146500 Cash flow from Investing Activities (250000) Cash flow from Financing Activities 100,000.	6