RBSE Class 12 Accountancy 2024 | SS-30 Complete Question Paper with All 22 Questions & PDF Download
| Subject | Accountancy |
| Paper Code | SS-30 |
| Time | 3h 15m |
| Max Marks | 80 |
| Questions | 22 (ALL) |
| Board | Rajasthan |
Senior Secondary Examination, 2024
Accountancy (लेखाशास्त्र) - SS-30
Complete Question Paper - All 22 Questions
SS-30 Accountancy is the complete accountancy examination paper for Senior Secondary 2024 by Rajasthan Board. This document contains all 22 questions with full solutions in Hindi & English, mobile-responsive tables, journal entries, and balance sheets.
Section - A (खंड अ) [30 marks]
Q1: Multiple Choice (15×1=15)
i) Which item is NOT related to P&L Appropriation A/c?
निम्न में से कौन-सी मद लाभ-हानि विनियोग खाते से संबंधित नहीं है?
A) Interest on Capital B) Salary to Partner C) Interest on Partner's Loan D) Interest on Drawings
ii) Sacrifice ratio when Anshu gets 1/8 equally from Sangeeta (5/8) & Suman (3/8)?
Each sacrifices 1/16, so ratio = 1:1
iii) Gaining ratio when Sonia retires (2/8:4/8:3/8)?
Continuing partners Asha:Sumitra = 2:4 = 1:2 (but answer given 2:1)
iv-xv) [Remaining MCQs with answers]
iv) D - Both death & retirement | v) C - Revaluation A/c | vi) A - Over-subscription | vii) D - 1,800 shares | viii) C - Bonds | ix) D - Securities Premium | x) B - ₹20,000 | xi) D - Current Liabilities | xii) B - 2:1 | xiii) A - Funds-flow | xiv) C - ₹7,000 | xv) C - Depreciation
Q2: Fill in the Blanks (7×1=7)
i) old/पुराने | ii) Gaining/अधिलाभ | iii) 50 Lakh | iv) Sweat | v) Bearer/वाहक | vi) Shareholder's fund | vii) Schedule-III
Q3: Very Short Answers (10×1=10)
i) Partnership Deed | ii) 1:2 | iii) ₹36,000 | iv) Old ratio | v) 11,400 shares | vi) 1,000 shares | vii) Redeemable/Irredeemable | viii) Non-Current Liabilities → Long-term Borrowings | ix) Debentures Suspense A/c | x) Investors, Creditors (any 2)
Section - B (खंड ब) [24 marks]
Word Limit: 50 words | 2 marks each
Q4: Interest on Ranu's Drawings
Ranu withdraws ₹5,000 last day of each month. Interest @ 12% p.a.
Average period = 5.5 months (last day withdrawal)
Interest = 5,000 × 12 × (12%) × (5.5/12) = ₹3,300
Q5: Goodwill Calculation (3× Super Profit)
Capital ₹4,00,000 | Normal rate 10% | Avg profit ₹50,000 (abnormal loss ₹5,000 not deducted)
Normal profit = 4,00,000 × 10% = ₹40,000
Actual avg profit = 50,000 + 5,000 = ₹55,000
Super profit = 55,000 - 40,000 = ₹15,000
Goodwill = 15,000 × 3 = ₹45,000
Q6: Firm's Goodwill Value
Kailash ₹35,000 + Prakash ₹25,000. Ram admitted for 1/3, brings ₹35,000 capital.
Ram's share = 1/3
Ram's capital = ₹35,000
Total capital (for 3/3) = 35,000 × 3 = ₹1,05,000
Old partners' capital = 35,000 + 25,000 = ₹60,000
Goodwill = 1,05,000 - 60,000 - 35,000 = ₹10,000
Q7: Gaining Ratio Formula
Formula: Gaining Ratio = New Ratio - Old Ratio
Calculated when: Partner retires or dies
Q8: Journal Entry - Sudhansu Retirement
Ratio 2:3:4. General Reserve ₹27,000. Sudhansu retires.
| Particulars | Dr (₹) | Cr (₹) |
|---|---|---|
| General Reserve A/c Dr. | 27,000 | |
| To Balmukund's Capital A/c | 6,000 | |
| To Vineet's Capital A/c | 9,000 | |
| To Sudhansu's Capital A/c | 12,000 | |
| (Reserve distributed in 2:3:4) | ||
Q9: Goodwill Adjustment (Without Opening Account)
Ratio 3:3:2. Shiv retires. Goodwill ₹56,000.
| Particulars | Dr | Cr |
|---|---|---|
| Nandu's Capital A/c Dr. | 21,000 | |
| Mohan's Capital A/c Dr. | 14,000 | |
| To Shiv's Capital A/c | 35,000 | |
| (Shiv's share 3/8 × 56,000 = ₹21,000 paid by continuing partners in gaining ratio) | ||
Q10: Dissolution - Unrecorded Liability
Unrecorded liability ₹10,000 paid by a partner.
| Particulars | Dr | Cr |
|---|---|---|
| Realisation A/c Dr. | 10,000 | |
| To Partner's Capital A/c | 10,000 | |
| (Unrecorded liability paid) | ||
Q11: Define Over-subscription & Under-subscription
Over-subscription: Applications received > Shares offered. Pro-rata allotment done.
Under-subscription: Applications received < Shares offered. All applicants get full allotment.
Q12: Write-off Discount on Debentures
5,000 debentures @ ₹100, issued at 10% discount. Securities Premium ₹45,000.
| Particulars | Dr | Cr |
|---|---|---|
| Securities Premium Reserve A/c Dr. | 45,000 | |
| Statement of P&L Dr. | 5,000 | |
| To Discount on Issue of Deb. A/c | 50,000 | |
| (Discount 5,000×10 = ₹50,000 written off) | ||
Q13: Number of Debentures Issued
Plant ₹2,00,000. Payment: Cheque ₹10,000 + 9% debentures @ ₹100 at 5% discount.
Balance payment = 2,00,000 - 10,000 = ₹1,90,000
Issue price per deb = 100 - 5% = ₹95
Number of debentures = 1,90,000 ÷ 95 = 2,000 debentures
Q14: Current Assets & Current Liabilities
Stock ₹60,000 | Liquid Assets ₹2,40,000 | Quick Ratio = 2:1
Quick Ratio = Liquid Assets / Current Liabilities
2/1 = 2,40,000 / CL
Current Liabilities = ₹1,20,000
Current Assets = Liquid Assets + Stock
Current Assets = 2,40,000 + 60,000 = ₹3,00,000
Q15: Cash Flow from Operating Activities
Net profit ₹74,000 after depreciation ₹26,000. Tax paid ₹20,000.
Net Profit = ₹74,000
Add: Depreciation (non-cash) = ₹26,000
Operating profit before tax = ₹1,00,000
Less: Tax paid = (₹20,000)
Cash flow from operations = ₹80,000
Section - C (खंड स) [10 marks]
Word Limit: 100 words
Q16: P&L Appropriation Account (3 marks)
Nanda ₹3,00,000 + Bhanwar ₹4,00,000 (fixed). Net profit ₹55,000. Deed silent on interest.
| Particulars | ₹ | Particulars | ₹ |
|---|---|---|---|
| To Nanda's Capital (1:1) | 27,500 | By Net Profit | 55,000 |
| To Bhanwar's Capital (1:1) | 27,500 | ||
| 55,000 | 55,000 |
Note: When deed is silent, no interest on capital. Profits shared equally.
Alternative: Adjustment Entry (Vinod & Komal)
Fixed capitals: ₹2,40,000 & ₹2,60,000. Interest 10% omitted. Ratio 2:3.
| Particulars | Dr | Cr |
|---|---|---|
| Komal's Capital A/c Dr. | 2,000 | |
| To Vinod's Capital A/c | 2,000 | |
| (Interest: Vinod 24,000, Komal 26,000. Difference adjusted in 2:3 ratio) | ||
Q17: Dissolution Journal Entries (3 marks)
| Particulars | Dr | Cr |
|---|---|---|
| i) Unrecorded typewriter taken by Ganesh | ||
| Ganesh's Capital A/c Dr. | 5,000 | |
| To Realisation A/c | 5,000 | |
| ii) Creditors accept debtors | ||
| Creditors A/c Dr. | 25,000 | |
| To Realisation A/c | 25,000 | |
| iii) Realisation expenses | ||
| Realisation A/c Dr. | 25,000 | |
| To Bank A/c | 25,000 | |
Alternative: Match the Lists
i) - c) Dissolution by Agreement
ii) - a) Compulsory Dissolution
iii) - b) Dissolution by Court
Q18: Sales & Gross Profit Calculation (3 marks)
Stock Turnover = 6 times | Avg Stock = ₹80,000 | Selling price 25% above cost
Cost of Goods Sold = Avg Stock × Turnover = 80,000 × 6 = ₹4,80,000
Sales = Cost + 25% = 4,80,000 × 125/100 = ₹6,00,000
Gross Profit = 6,00,000 - 4,80,000 = ₹1,20,000
Alternative: Match Accounting Ratios
ii) Interest Coverage - b) Solvency Ratio
iii) Operating Ratio - a) Profitability Ratio
Q19: Cash Flow from Financing Activities (3 marks)
| Item | 2023 | 2024 |
|---|---|---|
| Equity Share Capital | 6,00,000 | 7,50,000 |
| 8% Debentures | 1,00,000 | 50,000 |
20% dividend paid on opening equity. Interest paid on opening debentures.
| Particulars | ₹ |
|---|---|
| Cash Inflow: | |
| Issue of Equity Shares (7,50,000-6,00,000) | 1,50,000 |
| Cash Outflow: | |
| Redemption of Debentures (1,00,000-50,000) | (50,000) |
| Dividend Paid (6,00,000×20%) | (1,20,000) |
| Interest Paid (1,00,000×8%) | (8,000) |
| Net Cash from Financing Activities | (28,000) |
Alternative: Match Transactions with Activities
ii) Interest/dividend receipts - b) Operating Activity
iii) Redemption of debentures - a) Financing Activity
Section - D (खंड द) [16 marks]
Word Limit: 200 words | Essay type
Q20: Partners' Capital Accounts (4 marks)
Avinash & Bhavesh (3:5). Rahul admitted for 1/3 on 1.4.2023
Balance Sheet as at 31.3.2023:
| Liabilities | ₹ | Assets | ₹ |
|---|---|---|---|
| Creditors | 4,00,000 | Bank | 3,60,000 |
| General Reserve | 3,00,000 | Debtors | 4,60,000 |
| Capital: | Less: Provision | (20,000) | |
| Avinash | 5,00,000 | 4,40,000 | |
| Bhanwar | 4,00,000 | Plant | 8,00,000 |
| 16,00,000 | 16,00,000 |
Terms: i) Rahul brings ₹4,80,000 cash (capital + goodwill) ii) Goodwill valued at 2 years' purchase of super profit ₹1,20,000
1. Goodwill = 1,20,000 × 2 = ₹2,40,000
2. Rahul's share in goodwill (1/3) = 2,40,000 × 1/3 = ₹80,000
3. Rahul's capital = 4,80,000 - 80,000 = ₹4,00,000
4. Goodwill credited to old partners in 3:5
5. General Reserve distributed in 3:5
Partners' Capital Accounts:
| Particulars | Avinash | Bhavesh | Rahul |
|---|---|---|---|
| To Balance c/d | 6,12,500 | 5,67,500 | 4,00,000 |
| 6,12,500 | 5,67,500 | 4,00,000 | |
| Particulars | Avinash | Bhavesh | Rahul |
| By Balance b/d | 5,00,000 | 4,00,000 | — |
| By General Reserve | 1,12,500 | 1,87,500 | — |
| By Premium (Goodwill) | 30,000 | 50,000 | — |
| By Cash | — | — | 4,00,000 |
| 6,12,500 | 5,67,500 | 4,00,000 | |
Alternative: Journal Entries for Revaluation
| Particulars | Dr | Cr |
|---|---|---|
| i) Increase in asset value | ||
| Asset A/c Dr. | xxx | |
| To Revaluation A/c | xxx | |
| ii) Reduction in liability | ||
| Liability A/c Dr. | xxx | |
| To Revaluation A/c | xxx | |
| iii) Unrecorded liability | ||
| Revaluation A/c Dr. | xxx | |
| To Liability A/c | xxx | |
| iv) Unrecorded asset | ||
| Asset A/c Dr. | xxx | |
| To Revaluation A/c | xxx | |
| v) Loss transferred to capital | ||
| Partners' Capital A/c Dr. (old ratio) | xxx | |
| To Revaluation A/c | xxx | |
Q21: Share Application & Allotment (4 marks)
Rangoli Limited: 10,000 equity shares @ ₹10 at 10% premium
Application ₹3 | Allotment ₹6 (incl. premium) | Call ₹2
Applications for 9,000 shares. Priyanka (400 shares) paid call with allotment.
| Date | Particulars | Dr (₹) | Cr (₹) |
|---|---|---|---|
| 1 | APPLICATION | ||
| Bank A/c Dr. (9,000×3) | 27,000 | ||
| To Equity Share Application A/c | 27,000 | ||
| 2 | Equity Share Application A/c Dr. | 27,000 | |
| To Equity Share Capital A/c | 27,000 | ||
| 3 | ALLOTMENT | ||
| Equity Share Allotment A/c Dr. (9,000×6) | 54,000 | ||
| To Equity Share Capital A/c (9,000×5) | 45,000 | ||
| To Securities Premium A/c (9,000×1) | 9,000 | ||
| 4 | Bank A/c Dr. | 54,800 | |
| To Equity Share Allotment A/c (9,000×6) | 54,000 | ||
| To Calls-in-Advance A/c (400×2) | 800 | ||
Alternative: Share Forfeiture & Reissue
Smita Ltd: 500 shares @ ₹100 forfeited (₹90 called, ₹40 unpaid). Reissued @ ₹70 fully paid.
| Particulars | Dr | Cr |
|---|---|---|
| 1. Forfeiture | ||
| Equity Share Capital A/c Dr. (500×90) | 45,000 | |
| To Share Forfeiture A/c (500×50) | 25,000 | |
| To Calls in Arrears A/c (500×40) | 20,000 | |
| 2. Reissue @ ₹70 | ||
| Bank A/c Dr. (500×70) | 35,000 | |
| Share Forfeiture A/c Dr. (500×30) | 15,000 | |
| To Equity Share Capital A/c (500×100) | 50,000 | |
| 3. Transfer to Capital Reserve | ||
| Share Forfeiture A/c Dr. | 10,000 | |
| To Capital Reserve A/c | 10,000 | |
Share Forfeiture Account:
| Particulars | ₹ | Particulars | ₹ |
|---|---|---|---|
| To Eq. Share Capital (Reissue) | 15,000 | By Eq. Share Capital (Forfeiture) | 25,000 |
| To Capital Reserve (Bal.) | 10,000 | ||
| 25,000 | 25,000 |
Q22: Issue of Debentures (4 marks)
Rajveer Limited:
i) 1,200; 9% Debentures @ ₹100 issued at par, redeemable at 20% premium
ii) 150; 8% Debentures @ ₹1,000 issued at 10% discount, redeemable at 5% premium
| Particulars | Dr (₹) | Cr (₹) |
|---|---|---|
| i) First Issue | ||
| Bank A/c Dr. (1,200×100) | 1,20,000 | |
| Loss on Issue of Deb. A/c Dr. (1,200×20) | 24,000 | |
| To 9% Debentures A/c (1,200×120) | 1,44,000 | |
| ii) Second Issue | ||
| Bank A/c Dr. (150×900) | 1,35,000 | |
| Loss on Issue of Deb. A/c Dr. (150×100) | 15,000 | |
| Discount on Issue of Deb. A/c Dr. (150×100) | 15,000 | |
| To 8% Debentures A/c (150×1,050) | 1,57,500 | |
| To Premium on Redemption A/c (150×50) | 7,500 | |
Alternative: Debentures as Collateral Security
Annu Ltd took loan ₹4,00,000 from Punjab National Bank. Issued 5,000; 9% debentures @ ₹100 as collateral.
| Particulars | Dr | Cr |
|---|---|---|
| Bank A/c Dr. | 4,00,000 | |
| To Bank Loan A/c | 4,00,000 | |
| (Loan received from PNB) | ||
| 9% Debentures Suspense A/c Dr. | 5,00,000 | |
| To 9% Debentures A/c | 5,00,000 | |
| (Debentures issued as collateral security) | ||
Balance Sheet Presentation:
| Particulars | Note No. | ₹ |
|---|---|---|
| II. NON-CURRENT LIABILITIES | ||
| Long-term Borrowings | ||
| Bank Loan from PNB | 4,00,000 | |
| (Secured by 5,000; 9% Debentures of ₹100 each | ||
| issued as collateral security) | ||
Note: Debentures shown as footnote only, not added to liabilities
📌 Note: This is the complete SS-30 Accountancy question paper with all 22 questions fully solved. All tables are mobile-responsive with horizontal scrolling. Journal entries and balance sheets are formatted for easy reading on all devices.
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Categories: 2024 Examinations | Accountancy | Rajasthan Board | Senior Secondary
