Friday, November 2, 2018

AISSCE Practical Examination - 2019 - Accountancy


GRPS –AISSCE - 002
 
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.  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]
                                                                                                                                                                                                                
Particulars
2014-15
2014-13
2013-12
Sales Revenue
Net Profit
2000000
500000
1800000
400000
1500000
200000






3.     Following are the Balance sheets of Wisben Ltd. as on 31st March 2015 and 2014.

Particulars
Note No.
2015
2014
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 

 

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
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.









GRPS –AISSCE - 002
 
AISSCE Practical Examination - 2018
Class: XII                           ACCOUNTANCY                           Marks: 12
  Time: 45mts.
MARKING SCHEME
Question
No.
Value Points
Marks
1.
1) Debt-Equity Ratio        =
                  = 0.6 : 1
2) Interest Coverage Ratio =  
                              =
3) Inventory Turnover Ratio =
                  = 2 times






3
2.
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.


3
3.
Cash flow from Operating Activities 293000
Cash flow from Investing Activities (500000)
      Cash flow from Financing Activities 200000.

6



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