O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001
9
O. P. JINDAL SCH O. P. JINDAL SCH O. P. JINDAL SCH O. P. JINDAL SCH Phone: 07762-227042, 227293, 227001 (Extn. 49801 Assig (15 th Octo F Activities Visit to the : • Post Office, Railway Station, • Learn how people work places; identify the perso over there. Ask your Mother/ Father or Gra tell you the stories of: • vfHkeU;q vfHkeU;q vfHkeU;q vfHkeU;q • yo yo yo yo • /kzqo /kzqo /kzqo /kzqo • vk:.kh vk:.kh vk:.kh vk:.kh • Write 5 English words each activity/drawing notebook. Draw & write the items of each house. Learn how to: • sweep & collect the garba dustbin. • use wiper, clean the bathroo • fold the clothes. • polish & brush the shoes. HOOL, HOOL, HOOL, HOOL, RAIGARH (CG) 49 RAIGARH (CG) 49 RAIGARH (CG) 49 RAIGARH (CG) 49 1, 49802, 49804, 49806); Fax: 07762-262613; website: www.opjsrgh.in; e-mail:o gnment for the Period: ober to 15 th November 2018) For Classes - KG & I Objective , Park, Hospital k in different ons who work The children will learn different activities held at the place and the style of working. andparents to It will give knowledge of great sons of India & they will be able to get the company of parents. o&dq”k o&dq”k o&dq”k o&dq”k • ,dyO; ,dyO; ,dyO; ,dyO; day in your It will enrich the vocabulary. h room of your It will help them to arrange the things in their proper place. age/waste in a om. They will learn the dignity of labour. 96 001 96 001 96 001 96 001 [email protected] Done on date
Transcript of O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001
Microsoft Word - vacation_homeworkO. P. JINDAL SCHOOL,O. P. JINDAL
SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, Phone:
07762-227042, 227293, 227001 (Extn. 49801, 49802, 49804, 49806);
Fax: 07762
Assignment for the Period:
over there.
tell you the stories of:
• vfHkeU;qvfHkeU;qvfHkeU;qvfHkeU;q • yo&dq”kyo&dq”kyo&dq”kyo&dq”k
• /kzqo/kzqo/kzqo/kzqo • vk:.khvk:.khvk:.khvk:.kh •
activity/drawing notebook.
house.
• fold the clothes.
• polish & brush the shoes.
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 227042, 227293, 227001 (Extn. 49801, 49802, 49804, 49806); Fax: 07762-262613; website: www.opjsrgh.in; e-mail:[email protected]
Assignment for the Period:
October to 15 th
identify the persons who work
The children will
working.
Ask your Mother/ Father or Grandparents to It will give knowledge
of great sons of India
& they will be able to
get the company of
yo&dq”kyo&dq”kyo&dq”kyo&dq”k
• ,dyO;,dyO;,dyO;,dyO; English words each day in your It will enrich the
vocabulary.
Draw & write the items of each room of your It will help them to
arrange the things in
wiper, clean the bathroom.
They will learn the
dignity of labour.
RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 mail:[email protected]
Done on date
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 Phone: 07762-227042, 227293, 227001 (Extn. 49801, 49802, 49804, 49806); Fax: 07762-262613; website: www.opjsrgh.in; e-mail:[email protected]
Vacation Homework Class- II
English- Write a paragraph on “My Favourite Festival” in 100 words.
Math- Draw a human figure of Lord Rama using geometrical shapes like triangles,
squares, circles, rectangles and ovals. Then count the number of different shapes
you have used and write their numbers.
Hindi- " $
| (10 ( ) Life skills to be focused / guided during the Dussehra Holidays
1. to perform daily routine of personal hygiene- brushing, bathing and dressing etc.
2. to polish his/her shoes and tie shoelaces.
3. to acquire the habit of hygiene related to eating like washing hands and distinguishing
between good and spoiled food.
4. to remember personal data like address, phone number, and school bus no.etc.
5. to keep ones things in the proper places.
***
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 Phone: 07762-227042, 227293, 227001 (Extn. 49801, 49802, 49804, 49806); Fax: 07762-262613; website: www.opjsrgh.in; e-mail:[email protected]
Vacation Homework Class- III
English- Write a paragraph on “My Favourite Festival” in 150 words.
Math- Draw a portrait of Ravana using geometrical shapes like triangles, squares, circles,
rectangles and ovals. Then count the number of different shapes you have used
and write their numbers.
Hindi- $ " $
+ | (10 ( )
EVS- Learn Exercises of Ch-10 & 11.
Write 5 to 6 points about Mass Communication.
Life skills to be focused / guided during the Dussehra Holidays
1. to organize and tidy up own drawers and closets.
2. to understand the importance of ingredient and nutrient labelling.
3. to remember personal data like address, phone number, and school bus no.etc.
4. to complete assignment and projects by given deadlines and maintain folder for
keeping worksheets.
***
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 Phone: 07762-227042, 227293, 227001 (Extn. 49801, 49802, 49804, 49806); Fax: 07762-262613; website: www.opjsrgh.in; e-mail:[email protected]
Vacation Homework Class- IV
Write a short paragraph on each of the following topics:
(i) Our National Game “Hockey” (ii) Deepawali
Maths- (i) Solve worksheet. (ii) Learn the tables 2 to 15
EVS- Learn exercises of Ch-10 & 11 and Extra Questions written in Notebook
Write 10 sentences on the Topic- Ideas about Conservation of Natural Resources.
Hindi- ‘ / 1 ’ + 3 |
- + | - + | Life skills to be focused / guided during the Dussehra Holidays
1. to make his/her own bed, and help set the table.
2. to have a balanced meal comprising all vital nutrients.
3. to take a written phone message.
4. to get up by himself / herself for purposes of studies and other activities.
***
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001, INDIA, INDIA, INDIA, INDIA Phone: 07762-227042, 227293, (Extn. 227001 - 49801, 02, 04, 06, 09); Fax: 07762-262613; website: www.opjsrgh.in; e-mail: [email protected]
Vacation Homework Class- V
English- Revise word meanings and spellings of L-1, 2, 3, & 7 of your Course Book. Also
practise framing sentences of all the words highlighted in the lessons.
Write a short paragraph on - Our National Game “Hockey”
Math- (i) Solve worksheet (ii) Learn the tables 2 to 17
EVS- Learn definitions & exercises of Ch-10 &11 and extra questions written in notebook.
Write 5 differences between Elements & Compounds apart from the ones given in your
EVS book.
Hindi - : – + | = – + |
+ |
Life skills to be focused / guided during the Dussehra Holidays
1. to use broom and dust pan to clean the house.
2. to read and prepare a simple recipe like preparing sandwiches.
3. to participate in his/her community with ease like conducting prayers during festivals.
4. to keep a planner for studies and daily routine.
5. to know and perform basic emergency first- aid procedures like cleaning wounds with
dettol.
Death of a Partner
Q1. X, Y and Z were partners in a firm sharing profits in the ratio of 4:3:1. The firm closes
its books on 31st march every year. On 1st February, 2015 Y died and it was decided that
the new profit sharing ratio between X and Z will be equal. The partnership deed
provided for the following:
I. His share of goodwill will be calculated on the basis of half of the profits credited to his
account during the previous four completed years. The profits were: 2010-11 Rs
1,20,000, 2011-12-Rs 80,000, 2012-13- Rs 40,000 and 2013-14- Rs 80,000.
II. His share of profit in the year of his death was to be computed on the basis of average
profits of past two years.
Pass necessary Journal entries relating to Goodwill and profits to be transferred to Y’s
capital account. Also show your workings clearly.
Q2. Arti, Bharti and Seema are partners sharing profits in the ratio of 3:2:1. Bharti died on
12th June, 2017 and her executors were to be paid as under
I. The capital to the credit to her account which was 12,000 and interest thereon @10%
p.a.
II. Her share of reserve fund appearing in the balance sheet at 12,000.
III. Her share of profits for the intervening period will be based on the sales during that
period which were calculated as Rs 1,00,000. The rate of profit during past three
years had been 10% on sales.
IV. Goodwill according to her share of profit to be calculated by taking the amount of the
average profit of the last three years less 20%. The profits of the previous years were
2015- Rs. 8,200; 2016- Rs. 9,000; 2017- Rs. 9,800.
Q3. P,Q and R were partners in a firm sharing profits in the ratio of 5:3:2.The books are
closed on 31st march every year. R died on 1st October, 2017 and it was agreed that
I. Goodwill be valued at 2 years purchase of the average profits of the previous five
years which were: 2013- Rs. 50,000, 2014- Rs. 1,30,000, 2015- Rs. 1,20,000, 2016-
Rs. 1,50,000 and 2017- Rs. 2,00,000.
II. Profit on revaluation amounted to Rs. 1,00,000.
III. Profit for the year 2017-18 be taken as having accrued on the same scale as that of
the previous year.
IV. Interest on capital be provided at 10% p.a
***
Dissolution of a Partnership Firm
Q.1 Pass necessary journal entries on the dissolution of a partnership firm in the following cases:
(a) Expenses of dissolution were Rs. 800.
(b) Expenses of dissolution Rs. 3,400 were paid by a partner, Vishal.
(c) Shiv, a partner, agreed to do the work of dissolution for a commission of Rs. 4,500. He also
agreed to bear the dissolution expenses. Actual dissolution expenses Rs. 3,900 were paid from the
firm’s bank account.
(d) Naveen, a Partner, agreed to look after the dissolution work for which he was allowed a
remuneration of Rs. 3,000. Naveen also agreed to bear the dissolution expenses. Actual expenses
on dissolution Rs. 2,700 were paid by Naveen.
(e) Vivek, a partner was appointed to look after the dissolution work for a remuneration of Rs.
7,000. He agreed to bear the dissolution expenses. Actual dissolution expenses Rs. 6,500 were
paid by Rishi, another partner, on behalf of Vivek.
(f) Gaurav, a partner, was appointed to look after the work of dissolution for a commission of Rs.
1,25,000. He agreed to bear the dissolution expenses. Gaurav took over furniture of Rs. 12,500 as his
commission. The furniture had already been transferred to realization account.
Q.2 Pass necessary journal entries on the dissolution of a partnership firm in the following cases:
(a) An old typewriter which was not recorded in the books was sold for Rs. 2,000 whereas its
expected value was Rs. 5,000.
(b) Stock of Rs. 70,000 was taken by Disha at a discount of 30%.
(c) Total creditor of firm were Rs. 20,000. A creditor of Rs. 2,000 was untraceable and other
creditors accepted payment allowing 10% discount.
(d) Nandan ahd taken a loan of Rs. 50,000 from firm which was paid fully by him to the firm. Rs.
12,000 were recovered from debtor which was written off as bad debts last year.
Q.3 P, Q and R commenced business on 1st January 2005 with capitals of P-Rs. 2,00,000, Q- Rs.
2,00,000 and R- Rs. 1,00,000.
Profits are shared in the ratio of 4:3:3. Capital carried interest @ 5% p.a. During the year 2005, the
firm suffered a loss of Rs. 1,50,000 before allowing interest on capital. Drawing of each partner during the
year were Rs. 20,000.
On 31st December 2005, the partner agreed to dissolve the firm as it was no longer profitable. The
creditors on that date were Rs. 40,000. The assets realized a net value of Rs. 3,20,000 and the expenses
of realization were Rs. 7,000.
Prepare Realization Account, Partner’s Capital Account and Cash Account.
Q.4 Rita, Geeta and Ashish were partners in a firm sharing profits/losses in the ratio of 3:2:1. On 31st
March, 2016 their balance sheet was as under:
Liabilities Amount Assets Amount
On the above data, the firm was dissolved.
a) Rita was appointed to realize the assets. Rita was to receive commission @ 5% of the value of
assets realized (except cash) and was to bear all expenses of realization.
b) Assets were realized as follows: Debtors Rs. 30,000, stock Rs. 26,000 and plant Rs. 42,750.
c) Expenses of realization amounted to Rs. 4,100.
d) Investments were realized at 85% of the book value.
e) The firm retrenched their employees before the dissolution and firm had to pay Rs. 7,200 as
compensation. This liability was not appearing in the above balance sheet.
f) Contingent liability in respect of bills discounted with the bank was also materialized and paid off
Rs. 9,800.
Prepare Realization Account, Partner’s Capital Account and Cash Account.
Q.5 X and Y were partners sharing profits and losses in the ratio of 3:2 on 31/12/2015, their balance
sheet was as follows:
Liabilities Amount Assets Amount
3,60,000 3,60,000
The firm was dissolved and the assets and liabilities were settled as follows:
(a) Land was sold for Rs. 1,50,000 and plant and machinery was sold for Rs. 35,000.
(b) 60% of the creditors were paid Rs. 5,000 less in full settlement and the remaining creditors were paid
in full amount.
(c) Y took over some of the stock at Rs. 36,000 (being 10% less than the book value). Balance stock
realized 40%.
(d) 70% of the debtors were realized at 80% and remaining debtors were sold to a debt collecting agency for
90% less 5% commission.
(e) A liability in respect of workmen compensation is ascertained at Rs. 7,000.
(f) Realization expenses were Rs. 3,000.
***
Company Accounts – Issue Of Shares
Q.1 On 1st April,2012 Vivek Ltd. was formed with an Authorized Capital of Rs 1,00,00,000 divided into
2,00,000 equity shares of Rs 50 each. The company issued prospectus inviting for 1,80,000 shares
.The issue price was payable as under:
On application Rs 15,On allotment Rs 20,On call-The balance amount.
The issue was fully subscribed and the company allotted shares to all the applicants .The company
did not make the call during the year.
Show the following:
(a) Share Capital in the Balance Sheet of the company as per schedule III, part I of the
Companies Act,2013.
(b) Also prepare notes to accounts for the same.
Q.2 Ram Das has an Authorized Capital of Rs 28,00,000 divided into 28,000 shares of Rs 100 each. The
company invited for 26,000 shares for subscription payable Rs 20 on application Rs 40 per share on
allotment and the balance on first and final call .Applications were received for 20,000 shares. All the
money was duly received on these shares. Show the Share Capital in the Balance Sheet of the company.
Also prepare notes to accounts for the same
Q.3 Gopal Ltd. was registered with an Authorized Capital of Rs 50,00,000 divided into Equity Shares of
Rs 10 each .The company offered for public subscription all the shares .Public applied for 4,50,000
shares and allotment was made to all the applicants .All the calls were made and were duly received
except the final call of Rs 2 per share on 500 shares.
Q.4 What is Reserve Capital ?Does it differ from Capital Reserve?
Q.5 AD Ltd. invited applications for 20,000 Equity Shares of Rs10 each at the issue price of Rs 10
each. The amount payable along with application is Rs 10. The issue was fully subscribed. Show the
Balance Sheet.
Assignment for the Period:
over there.
tell you the stories of:
• vfHkeU;qvfHkeU;qvfHkeU;qvfHkeU;q • yo&dq”kyo&dq”kyo&dq”kyo&dq”k
• /kzqo/kzqo/kzqo/kzqo • vk:.khvk:.khvk:.khvk:.kh •
activity/drawing notebook.
house.
• fold the clothes.
• polish & brush the shoes.
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 227042, 227293, 227001 (Extn. 49801, 49802, 49804, 49806); Fax: 07762-262613; website: www.opjsrgh.in; e-mail:[email protected]
Assignment for the Period:
October to 15 th
identify the persons who work
The children will
working.
Ask your Mother/ Father or Grandparents to It will give knowledge
of great sons of India
& they will be able to
get the company of
yo&dq”kyo&dq”kyo&dq”kyo&dq”k
• ,dyO;,dyO;,dyO;,dyO; English words each day in your It will enrich the
vocabulary.
Draw & write the items of each room of your It will help them to
arrange the things in
wiper, clean the bathroom.
They will learn the
dignity of labour.
RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 mail:[email protected]
Done on date
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 Phone: 07762-227042, 227293, 227001 (Extn. 49801, 49802, 49804, 49806); Fax: 07762-262613; website: www.opjsrgh.in; e-mail:[email protected]
Vacation Homework Class- II
English- Write a paragraph on “My Favourite Festival” in 100 words.
Math- Draw a human figure of Lord Rama using geometrical shapes like triangles,
squares, circles, rectangles and ovals. Then count the number of different shapes
you have used and write their numbers.
Hindi- " $
| (10 ( ) Life skills to be focused / guided during the Dussehra Holidays
1. to perform daily routine of personal hygiene- brushing, bathing and dressing etc.
2. to polish his/her shoes and tie shoelaces.
3. to acquire the habit of hygiene related to eating like washing hands and distinguishing
between good and spoiled food.
4. to remember personal data like address, phone number, and school bus no.etc.
5. to keep ones things in the proper places.
***
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 Phone: 07762-227042, 227293, 227001 (Extn. 49801, 49802, 49804, 49806); Fax: 07762-262613; website: www.opjsrgh.in; e-mail:[email protected]
Vacation Homework Class- III
English- Write a paragraph on “My Favourite Festival” in 150 words.
Math- Draw a portrait of Ravana using geometrical shapes like triangles, squares, circles,
rectangles and ovals. Then count the number of different shapes you have used
and write their numbers.
Hindi- $ " $
+ | (10 ( )
EVS- Learn Exercises of Ch-10 & 11.
Write 5 to 6 points about Mass Communication.
Life skills to be focused / guided during the Dussehra Holidays
1. to organize and tidy up own drawers and closets.
2. to understand the importance of ingredient and nutrient labelling.
3. to remember personal data like address, phone number, and school bus no.etc.
4. to complete assignment and projects by given deadlines and maintain folder for
keeping worksheets.
***
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001 Phone: 07762-227042, 227293, 227001 (Extn. 49801, 49802, 49804, 49806); Fax: 07762-262613; website: www.opjsrgh.in; e-mail:[email protected]
Vacation Homework Class- IV
Write a short paragraph on each of the following topics:
(i) Our National Game “Hockey” (ii) Deepawali
Maths- (i) Solve worksheet. (ii) Learn the tables 2 to 15
EVS- Learn exercises of Ch-10 & 11 and Extra Questions written in Notebook
Write 10 sentences on the Topic- Ideas about Conservation of Natural Resources.
Hindi- ‘ / 1 ’ + 3 |
- + | - + | Life skills to be focused / guided during the Dussehra Holidays
1. to make his/her own bed, and help set the table.
2. to have a balanced meal comprising all vital nutrients.
3. to take a written phone message.
4. to get up by himself / herself for purposes of studies and other activities.
***
O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL,O. P. JINDAL SCHOOL, RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001RAIGARH (CG) 496 001, INDIA, INDIA, INDIA, INDIA Phone: 07762-227042, 227293, (Extn. 227001 - 49801, 02, 04, 06, 09); Fax: 07762-262613; website: www.opjsrgh.in; e-mail: [email protected]
Vacation Homework Class- V
English- Revise word meanings and spellings of L-1, 2, 3, & 7 of your Course Book. Also
practise framing sentences of all the words highlighted in the lessons.
Write a short paragraph on - Our National Game “Hockey”
Math- (i) Solve worksheet (ii) Learn the tables 2 to 17
EVS- Learn definitions & exercises of Ch-10 &11 and extra questions written in notebook.
Write 5 differences between Elements & Compounds apart from the ones given in your
EVS book.
Hindi - : – + | = – + |
+ |
Life skills to be focused / guided during the Dussehra Holidays
1. to use broom and dust pan to clean the house.
2. to read and prepare a simple recipe like preparing sandwiches.
3. to participate in his/her community with ease like conducting prayers during festivals.
4. to keep a planner for studies and daily routine.
5. to know and perform basic emergency first- aid procedures like cleaning wounds with
dettol.
Death of a Partner
Q1. X, Y and Z were partners in a firm sharing profits in the ratio of 4:3:1. The firm closes
its books on 31st march every year. On 1st February, 2015 Y died and it was decided that
the new profit sharing ratio between X and Z will be equal. The partnership deed
provided for the following:
I. His share of goodwill will be calculated on the basis of half of the profits credited to his
account during the previous four completed years. The profits were: 2010-11 Rs
1,20,000, 2011-12-Rs 80,000, 2012-13- Rs 40,000 and 2013-14- Rs 80,000.
II. His share of profit in the year of his death was to be computed on the basis of average
profits of past two years.
Pass necessary Journal entries relating to Goodwill and profits to be transferred to Y’s
capital account. Also show your workings clearly.
Q2. Arti, Bharti and Seema are partners sharing profits in the ratio of 3:2:1. Bharti died on
12th June, 2017 and her executors were to be paid as under
I. The capital to the credit to her account which was 12,000 and interest thereon @10%
p.a.
II. Her share of reserve fund appearing in the balance sheet at 12,000.
III. Her share of profits for the intervening period will be based on the sales during that
period which were calculated as Rs 1,00,000. The rate of profit during past three
years had been 10% on sales.
IV. Goodwill according to her share of profit to be calculated by taking the amount of the
average profit of the last three years less 20%. The profits of the previous years were
2015- Rs. 8,200; 2016- Rs. 9,000; 2017- Rs. 9,800.
Q3. P,Q and R were partners in a firm sharing profits in the ratio of 5:3:2.The books are
closed on 31st march every year. R died on 1st October, 2017 and it was agreed that
I. Goodwill be valued at 2 years purchase of the average profits of the previous five
years which were: 2013- Rs. 50,000, 2014- Rs. 1,30,000, 2015- Rs. 1,20,000, 2016-
Rs. 1,50,000 and 2017- Rs. 2,00,000.
II. Profit on revaluation amounted to Rs. 1,00,000.
III. Profit for the year 2017-18 be taken as having accrued on the same scale as that of
the previous year.
IV. Interest on capital be provided at 10% p.a
***
Dissolution of a Partnership Firm
Q.1 Pass necessary journal entries on the dissolution of a partnership firm in the following cases:
(a) Expenses of dissolution were Rs. 800.
(b) Expenses of dissolution Rs. 3,400 were paid by a partner, Vishal.
(c) Shiv, a partner, agreed to do the work of dissolution for a commission of Rs. 4,500. He also
agreed to bear the dissolution expenses. Actual dissolution expenses Rs. 3,900 were paid from the
firm’s bank account.
(d) Naveen, a Partner, agreed to look after the dissolution work for which he was allowed a
remuneration of Rs. 3,000. Naveen also agreed to bear the dissolution expenses. Actual expenses
on dissolution Rs. 2,700 were paid by Naveen.
(e) Vivek, a partner was appointed to look after the dissolution work for a remuneration of Rs.
7,000. He agreed to bear the dissolution expenses. Actual dissolution expenses Rs. 6,500 were
paid by Rishi, another partner, on behalf of Vivek.
(f) Gaurav, a partner, was appointed to look after the work of dissolution for a commission of Rs.
1,25,000. He agreed to bear the dissolution expenses. Gaurav took over furniture of Rs. 12,500 as his
commission. The furniture had already been transferred to realization account.
Q.2 Pass necessary journal entries on the dissolution of a partnership firm in the following cases:
(a) An old typewriter which was not recorded in the books was sold for Rs. 2,000 whereas its
expected value was Rs. 5,000.
(b) Stock of Rs. 70,000 was taken by Disha at a discount of 30%.
(c) Total creditor of firm were Rs. 20,000. A creditor of Rs. 2,000 was untraceable and other
creditors accepted payment allowing 10% discount.
(d) Nandan ahd taken a loan of Rs. 50,000 from firm which was paid fully by him to the firm. Rs.
12,000 were recovered from debtor which was written off as bad debts last year.
Q.3 P, Q and R commenced business on 1st January 2005 with capitals of P-Rs. 2,00,000, Q- Rs.
2,00,000 and R- Rs. 1,00,000.
Profits are shared in the ratio of 4:3:3. Capital carried interest @ 5% p.a. During the year 2005, the
firm suffered a loss of Rs. 1,50,000 before allowing interest on capital. Drawing of each partner during the
year were Rs. 20,000.
On 31st December 2005, the partner agreed to dissolve the firm as it was no longer profitable. The
creditors on that date were Rs. 40,000. The assets realized a net value of Rs. 3,20,000 and the expenses
of realization were Rs. 7,000.
Prepare Realization Account, Partner’s Capital Account and Cash Account.
Q.4 Rita, Geeta and Ashish were partners in a firm sharing profits/losses in the ratio of 3:2:1. On 31st
March, 2016 their balance sheet was as under:
Liabilities Amount Assets Amount
On the above data, the firm was dissolved.
a) Rita was appointed to realize the assets. Rita was to receive commission @ 5% of the value of
assets realized (except cash) and was to bear all expenses of realization.
b) Assets were realized as follows: Debtors Rs. 30,000, stock Rs. 26,000 and plant Rs. 42,750.
c) Expenses of realization amounted to Rs. 4,100.
d) Investments were realized at 85% of the book value.
e) The firm retrenched their employees before the dissolution and firm had to pay Rs. 7,200 as
compensation. This liability was not appearing in the above balance sheet.
f) Contingent liability in respect of bills discounted with the bank was also materialized and paid off
Rs. 9,800.
Prepare Realization Account, Partner’s Capital Account and Cash Account.
Q.5 X and Y were partners sharing profits and losses in the ratio of 3:2 on 31/12/2015, their balance
sheet was as follows:
Liabilities Amount Assets Amount
3,60,000 3,60,000
The firm was dissolved and the assets and liabilities were settled as follows:
(a) Land was sold for Rs. 1,50,000 and plant and machinery was sold for Rs. 35,000.
(b) 60% of the creditors were paid Rs. 5,000 less in full settlement and the remaining creditors were paid
in full amount.
(c) Y took over some of the stock at Rs. 36,000 (being 10% less than the book value). Balance stock
realized 40%.
(d) 70% of the debtors were realized at 80% and remaining debtors were sold to a debt collecting agency for
90% less 5% commission.
(e) A liability in respect of workmen compensation is ascertained at Rs. 7,000.
(f) Realization expenses were Rs. 3,000.
***
Company Accounts – Issue Of Shares
Q.1 On 1st April,2012 Vivek Ltd. was formed with an Authorized Capital of Rs 1,00,00,000 divided into
2,00,000 equity shares of Rs 50 each. The company issued prospectus inviting for 1,80,000 shares
.The issue price was payable as under:
On application Rs 15,On allotment Rs 20,On call-The balance amount.
The issue was fully subscribed and the company allotted shares to all the applicants .The company
did not make the call during the year.
Show the following:
(a) Share Capital in the Balance Sheet of the company as per schedule III, part I of the
Companies Act,2013.
(b) Also prepare notes to accounts for the same.
Q.2 Ram Das has an Authorized Capital of Rs 28,00,000 divided into 28,000 shares of Rs 100 each. The
company invited for 26,000 shares for subscription payable Rs 20 on application Rs 40 per share on
allotment and the balance on first and final call .Applications were received for 20,000 shares. All the
money was duly received on these shares. Show the Share Capital in the Balance Sheet of the company.
Also prepare notes to accounts for the same
Q.3 Gopal Ltd. was registered with an Authorized Capital of Rs 50,00,000 divided into Equity Shares of
Rs 10 each .The company offered for public subscription all the shares .Public applied for 4,50,000
shares and allotment was made to all the applicants .All the calls were made and were duly received
except the final call of Rs 2 per share on 500 shares.
Q.4 What is Reserve Capital ?Does it differ from Capital Reserve?
Q.5 AD Ltd. invited applications for 20,000 Equity Shares of Rs10 each at the issue price of Rs 10
each. The amount payable along with application is Rs 10. The issue was fully subscribed. Show the
Balance Sheet.
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