NOIDA PUBLIC SCHOOL
UNIT TEST - II
Class - XII (2025 - 26)
Accountancy (055)
Set - A
Time Allowed: 1 hours Maximum Marks : 20
Partnership Firms and Companies
1 Under which head the amount of discount which is unamortized or cannot be written off, is shown [1]
in the balance sheet?
a) Other Non - current Assets
b) Other current assets
c) Other current liabilities
d) Other Non - current Liabilities
2 Interest paid on debentures is a charge against the profits of the company.Is this statement [1]
correct? Give reason in support of your answer.
3 Under which head following revenue items of a non - financial company will be shown? [1]
1. Sales
2. Sale of Scrap
3. Cash Discount Received
4. Interest Earnedand
5. Dividend
4 Why Horizontal Analysis is considered dynamic in nature? [1]
5 ABP Ltd. issued 10,000, 10% Debentures of₹ 100 each as collateral security for a loan of ₹ [3]
8,00,000 from Bandhan Bank. The company was unable to repay the loan on which interest
payable was ₹ 2,00,000 as on 31st March 2023.
Bandhan Bank, on 31st March 2023, exercised the right vested in it by way of debentures being
issued as collateral Security.
Pass Journal entries in the books of ABP Ltd. on 31st March 2023.
OR
X Ltd. secured a loan of Rs. 80,00,000 from the Bank of Americaby issuing 10,000 ; 9% Debentures
of Rs. 100 each as collateral security.
How will you show the issue of such debentures in the Balance Sheet?
6 X Ltd. issued₹ 2,00,000,12% debentures of ₹ 100 each at a discount of 6% but repayable after 8 [3]
years at a premium of 5%. Pass journal entry for the issue.
7 Dinesh Ltd. purchased machinery for₹ 1,98,000 from Suppliers Ltd. The payment was made by [4]
issue of 12% debentures of ₹ 100 each. Pass necessary journal entries for the purchase of
machinery and issue of debentures when
1. Debentures are issued at par.
2. Debentures are issued at 10% discount.
3. Debentures are issued at 10% premium.
8 Balance Sheets of Blue Bell Ltd. as at 31st March 2013 and 2012 are given below : [6]
Balance Sheet
as at 31st March 2013 and 2012
Prepare Comparative Balance Sheet showing percentage changes from 2012 to 2013.
OR
From the following information given below, prepare a comparative income statement of profit
and loss.
