Plus Two Accountancy With CA Second Terminal Christmas Exam Question Paper Answer Key 2025-26

Second Year Higher Secondary Second Terminal Examination December-2025

ACCOUNTANCY WITH COMPUTERISED ACCOUNTING

Part-A (Accountancy)

I. Answer any 5 questions from 1 to 6. Each carries 1 score.

1. Interest on Partner's Loan
2. Sacrificing Ratio
3. General Reserve a/c Dr
   To Old Partners Capital a/c [ Old Ratio ]
4. Normal Profit = Capital Employed X Normal Rate of Return
5. Old Ratio 100
6. (a) His share of goodwill.

II. Answer any 4 questions from 7 to 11. Each carries 2 scores.

7. (a) Right to share the profit of the firm (b) Right over the assets of the firm
8. Old Ratio = 5:3
   New Ratio = 4:2:1
   Sacrificing Ratio = Old Ratio – New Ratio
   Arun's Sacrifice = 5/8 – 4/7 = 3/56
   Binoy's Sacrifice = 3/8 – 2/7 = 5/56
   Sacrificing Ratio = 3:5

9. Date	Particulars	L F	Amount	Amount
   1	Cash a/c Dr To Sourav's Capital a/c		20,000	20,000
   2	Cash a/c Dr To Sachin's Capital a/c To Viod's Capital a/c OR Cash a/c Dr To Goodwill Goodwill a/c Dr To Sachin's Capital a/c To Viod's Capital a/c		4,000	2,500 4,000 2,500
   3	Sachin's Capital a/c Dr Viod's Capital a/c Dr To Cash a/c		1,250 750	2,000

10. Old Ratio = 4:3:2
    New Ratio = 5:3
    Gaining Ratio = New Ratio – Old Ratio
    Noushad's Gain = 5/8 – 3/9 = 21/72
    Raheem's Gain = 3/8 – 2/9 = 11/72
    Gaining Ratio = 21:11

11. Date	Particulars	L F	Amount	Amount
    1	Profit and Loss a/c Dr To Akhil's Capital a/c To Rijo's Capital a/c To Babu's Capital a/c		1,20,000	60,000 40,000 20,000

III. Answer any 4 questions from 12 to 17. Each carries 3 scores.

12. Date	Drawings	Period(Months)	Product
    April 1	5,000	12	60,000
    July 1	7,000	9	63,000
    November 30	5,000	4	20,000
    March 01	8,000	1	8,000
    Total			151,000

    
    Interest on drawings = Total Products × 12/100 × 1/12
    = 151,000 × 12/100 × 1/12
    = 1,510
13. 1. Change in the profit sharing ratio amongst the existing partners;
    2. Admission of new partner;
    3. Retirement of a partner;
    4. Death of a partner; and
    5. Dissolution of a firm involving sale of business as a going concern.
    6. Amalgamation of partnership firms.

14. Case	Journal Entry
    Case 1: When Goodwill brought by the new partner in cash and retained in the business	Cash a/c Dr To Old Partners Capital a/c [ Sacrificing Ratio] OR Cash a/c Dr To Goodwill Goodwill a/c Dr To Old Partners Capital a/c [ Sacrificing Ratio]
    Case 2: When Goodwill brought by the new partner in cash and withdraws by the old partners	[For Withdrawal] Old Partners Capital a/c Dr To Cash a/c
    Case 3: When the new partner is unable to bring Goodwill in cash.	New Partner's Capital a/c Dr To Old Partners Capital a/c [ Sacrificing Ratio] [OR Any other cases]

15. Average Profit = 40,000
    Capital Employed = 3,00,000
    Normal Rate of Return = 10%
    Normal Profit = Capital Employed × 10/100
    = 3,00,000 × 10/100 = 30,000
    Super Profit = Average Profit – Normal Profit
    = 40,000 – 30,000 = 10,000
    Goodwill = Super Profit × 100/10
    = 10,000 × 100/10 = 1,00,000
16. Gaining Ratio = 13:11
    Goodwill Of firm = 72,000
    Goodwill Of Sudev = 72,000 × 3/9 = 24,000
    

    Date	Particulars	LF	Amount	Amount
    1	Sankar's Capital a/c Dr Nirmal's Capital a/c Dr To Sudev's Capital a/c	13,000 11,000	24,000

IV. Answer any 2 questions from 18 to 20. Each carries 6 scores.

18. Profit and Loss Appropriation account
    

    Interest on Capital		Profit and Loss a/c	1,80,000
    Anvar Asok Bhaskar	30,000 20,000 10,000	Capital a/c Anvar 60,000 Less: Deficiency 10,000 Asok Bhaskar 20,000 Add: Deficiency 10,000	50,000 40,000 30,000
    1,80,000

19. Revaluation Account
    

    Machinery Provision for Doubtful debts Capital a/c Anil Babu 1,680 8,40	2,000 4,80 2,520	Building	5,000
    5,000		5,000

    
    Partner's Capital Account
    

    	Anil	Babu	John		Anil	Babu	John
    Balance c/d	65,680	37,840	30,000	Balance b/d Cash (Goodwill) General Reserve Revaluation a/c	50,000 6,000 8,000 1,680	30,000 3,000 4,000 840	30,000 30,000
    65,680 37,840 30,000				65,680 37,840 30,000

20. Sunila's Loan Account

    Date	Particulars	Rs	Date	Rs
    1	Cash Balance c/d	22,200 45,000	1	Sunila's Capital a/c Interest	60,000 7,200
    67,200			67,200
    2	Cash Balance c/d	20,400 30,000	2	Balance b/d Interest	45,000 5,400
    50,400			50,400
    3	Cash Balance c/d	18,600 15,000	3	Balance b/d Interest	30,000 3,600
    33,600			33,600
    4	Cash	16,800	4	Balance b/d Interest	15,000 1,800
    16,800			16,800

Part-B (Computerised Accounting)

V. Answer any 2 questions from 21 to 24. Each carries 1 score.

21. SI$12
22. =A1 X B1
23. Enter the data - select the data - Insert - chart - Finish
24. Secured_Un Secured

VI. Answer any 4 questions from 25 to 29. Each carries 2 scores.

25. Syntax := PMT(Rate, Nper, PV, FV, Type)
    Rate: The interest rate per period
    NPER: Total number of payment periods in the term
    PV: Present value, i.e. the principal or current value of the loan or investment
    FV (optional): Future value desired at the end of the term
    Type (optional): Indicates when payment is due. Use 0 (default) for end of period, 1 for beginning of period.
26. Main elements of a chart in LibreOffice Calc include the following:
    Chart Area: The overall background area of the chart
    Plot Area: The region where the actual data series are plotted.
    Data Series: The actual data being represented (e.g., columns, lines, pie slices).
    Data Labels: Text labels that display values directly on the chart elements.
    Axes (X and Y): The horizontal (X-axis) and vertical (Y-axis) lines that provide a reference for the data.
    Axis Titles: Titles for each axis to clarify what they represent.
    Chart Title: The main title of the chart.
    Subtitle: Optional title below the main title.
    Legend: A box that explains what each data series or color represents. [Any Four]
27. Charts in Calc convert raw numbers into meaningful visuals that make data easier to understand, compare, and explain to others.
    1. Easier understanding: Complex numerical information becomes simpler for viewers.
    2. Quick comparison: Different categories, periods, or series can be compared quickly
    3. Better communication: Visuals help an audience grasp the main message quickly.
    4. Interactive and dynamic

28. Ledger Account	Group
    a. Purchase return	Direct Income
    b. Wages	Direct Expense
    c. Discount received	Indirect Income
    d. Bad Debts	Indirect Expense

29. To display a ledger account created in GNUKhata, navigate to the Reports menu and select the specific ledger for viewing transactions and balances.
    1. From the menu bar, select Report → Ledger
    2. Choose the Account Name from the dropdown list of created ledgers.

VII. Answer any 3 questions from 30 to 33. Each carries 3 scores.

30. Computerised accounting software incorporates security features like password protection, data audit trails, and access controls to safeguard financial data. These mechanisms ensure confidentiality, prevent unauthorized changes, and enable compliance monitoring.
    1. Password Security: blocking unauthorized entry and protecting sensitive records.
    2. Data Audit Facility: allowing administrators to track user activities and detect irregularities.
    3. Data vault provides an encryption-based security feature to protect sensitive financial data.
31. LibreOffice Calc provides SLN Function for straight-line depreciation and DB Function for diminishing balance method.
    Straight Line Method (SLN)
    Function Name: SLN
    Syntax: ~SLN(cost; salvage; life)
    cost: Initial purchase price of the asset
    salvage: Residual/scrap value at end of useful life.
    life: Useful life in periods.
    Diminishing Balance Method (DB)
    Function Name: DB
    Syntax: ~DB(cost; salvage; life; period; [month])
    cost: Initial asset cost.
    salvage: Residual value.
    life: Total useful life in periods.
    Period: Specific period for calculation (1, 2, etc.).
    [month]: Optional months in first year.

32. Voucher Type	Used to Record	Short Key
    Receipts	All receipts of cash or cheque	F4
    Payments	All payments made by cash or cheque	F5
    Sales	Cash and credit sales of goods	F6
    Purchases	Cash and credit purchase of goods/Raw materials	F7
    Sales Return	Return of goods by customer	Ctrl+1
    Purchases Return	Return of goods to suppliers	Ctrl+2

33. a). COUNTA Function
    Syntax: ~COUNTA(value1; [value2]; ...; [value255])
    Counts non-empty cells in a range, including numbers, text, dates, logical values, and errors, but ignores blank cells.
    b). SUMIF Function
    Syntax: ~SUMIF(range; criteria; [sum_range])
    Sums values in sum_range where corresponding cells in range meet the criteria.
    c). ROUNDUP Function
    Syntax: ~ROUNDUP(number; count)
    Rounds a number up to specified decimal places or digits, always increasing away from zero.