List of top Accountancy Questions asked in PSEB XII

The monthly sales of a company for the first six months are given below in Rupees (₹). 

Prepare cash account in Tally from the following transactions: 

Code Account group 

Write the code name (Sequential, Mnemonic, Block) of the following: 

Marks sheet of students is given below:
Complete the table by writing formulas in Row 6 and Column E.

\[ \begin{array}{|c|c|c|c|c|} \hline A & B & C & D & E \\ \hline \text{Name of Students} & \text{Marks Scored in July, 2022} & \text{Marks Scored in December, 2022} & \text{Marks Scored in March, 2023} & \text{Total Marks} \\ \hline \text{Mohan} & 300 & 400 & 425 & \text{=B2+C2+D2} \\ \text{Ram} & 250 & 291 & 300 & \text{=B3+C3+D3} \\ \text{Gobind} & 350 & 300 & 295 & \text{=B4+C4+D4} \\ \text{Kamal} & 410 & 390 & 415 & \text{=B5+C5+D5} \\ \hline \text{Total Marks} & \text{=SUM(B2:B5)} & \text{=SUM(C2:C5)} & \text{=SUM(D2:D5)} & \text{=SUM(E2:E5)} \\ \hline \end{array} \]
Write the formula to calculate the depreciation by using SLN (Straight Line) method in MS Excel.

Complete the following table: 

From the following information, prepare a comparative income statement of Arun Ltd. for the year ended 31st March, 2024. 

Ambuja Ltd. issued for public subscription 2,00,000 equity shares of ₹20 each at a premium of ₹10 per share payable as under:
On application ₹10
On allotment ₹14 (including premium ₹10)
On first & final call ₹6
Applications were received for 3,00,000 shares. Allotment was made pro-rata to all the applicants, and the money overpaid on application was utilized towards sums due on allotment.
Pooja, who applied for 3,600 shares, failed to pay the allotment and call money, and the shares were subsequently forfeited. Two-thirds of the forfeited shares and the money paid were re-issued to Sandeep as fully paid-up at ₹16 per share. Show the journal entries to record the above transactions.
A firm has a current ratio of 3.5:1 and a quick ratio of 2:1. Assuming inventory at ₹96,000, find out total current assets and total current liabilities.

Ekam and Akash were partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2024 the Balance Sheet of the firm was as follows: 

The firm was dissolved on above date and the assets and liabilities were settled as follows: 
(a) Land and Building was taken over by the creditors as their full and final payment. 
(b) Ekam accepted an unrecorded asset of ₹50,000 in full settlement of his loan. 
(c) Furniture was taken over by Akash for cash payment at 5% less than the book value. 
(d) Debtors were collected by a debt collection agency at a cost of ₹10,000. 
(e) Bills Receivable realised ₹1,41,000. 
(f) Akash agreed to bear all realization expenses. For this service Akash is to be allowed ₹1,000. Actual expenses on realization ₹2,000 was paid by Akash. 
Prepare Realisation Account. 
 

Star and Moon were partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2024, the Balance Sheet of the firm was as follows: 

They admitted 'Sun' into partnership on 1st April, 2024 for 1/10 share. It was agreed as follows: 
(a) 'Sun' brings ₹6,00,000 for his share of capital but could not bring goodwill in cash. 
(b) Goodwill is valued at ₹4,00,000. 
(c) Provision on debtors is needed 10%. 
(d) Interest on Bank Loan for 6 months is due @ 12% p.a. 
(e) Liability to workers is ₹15,000 against Workmen Compensation Reserve. 
(f) Unrecorded stock ₹40,000 is taken by Star at ₹38,000. 
Prepare Revaluation Account and Partners' Capital Account. 
 

A partnership firm earned net profits during the last three years as follows: 

The capital employed in the firm throughout the above mentioned period has been ₹8,00,000. Having regard to the risk involved, 15% is considered to be a fair return on the capital. The remuneration of all the partners during this period is estimated to be ₹2,00,000 per annum. 
Calculate the value of Goodwill on the basis of the following: 
(a) Two years' purchase of super profits earned on average basis during the above mentioned 3 years. 
(b) Capitalisation of Average Profit method. 
 

Debtors appearing in the Balance Sheet of a firm were as follows: 
Liabilities                ₹ 
Sundry Debtors        4,00,000 
Less: Provision          15,000 
Assets                      ₹ 
Sundry Debtors         3,85,000 
On Dissolution of firm, bad debts were ₹40,000 and the remaining debtors were realised at 5% discount. How much amount was realised from Debtors? 
 

Write any four advantages of computerized accounting system.
Write the steps to delete a company in Tally.
Write any four advantages of preparing charts.
Write the name of any three types of accounting software.
What do you mean by Data Audit?
Write any two features of electronic spreadsheet.
Command of _________ in Tally is used to delete a voucher. (Alt+D/Alt+C)
PMT Method is used to prepare _________. (Payroll statement/Loan repayment statement)
Write any one security feature of computerized accounting software.
What do you mean by spreadsheet?
Write any four limitations of the cash flow statement.