CBSE Class 12 Accountancy Question Paper 2014 (Set 3) details are given here. This page is about the CBSE Class 12 Accountancy question paper of the 2014 board examination (Set 3).
| CBSE Class 12 Accountancy Question Paper 2014 Set 3 | Download PDF | Check Solutions |
| Exam | CBSE Class 12 Board Examination 2014 |
| Subject | Accountancy |
| Paper | Set 3 |
From the following particulars of Prateek Ltd., calculate the 'Cash Flows from Investing Activities'. Show your working clearly :
| Particulars | 31.03.2025 (Rs) | 31.03.2024 (Rs) |
|---|---|---|
| Machinery (At Cost) | 5,80,000 | 4,00,000 |
| Accumulated Depreciation | 68,000 | 56,000 |
| Investments | 1,20,000 | 1,00,000 |
| Goodwill | 2,30,000 | 2,40,000 |
Additional information :
(i) A machine having a book value of Rs 1,80,000 was sold for Rs 1,65,000.
(ii) Depreciation charged on the machine during the year was Rs 50,000.
(iii) Investments costing Rs 80,000 were purchased and some investments were sold at a profit of Rs 6,000.
(iv) Interest received on investments was Rs 10,000.
The books of Mehul and Barkha showed that their capital employed on 31st March, 2025 was Rs 6,00,000. If the normal profits are Rs 60,000 and super profits are Rs 20,000, then the normal rate of return is:
A company wants to invest Rs 50,000 for 2 years in a Fixed Deposit Scheme that offers an interest rate of 7% per annum compounded annually. Name the financial function used to calculate the future value of the investment. Write the syntax of the function and apply the formula to the data given, considering that :
(i) instalment is paid in the beginning of each period, and
(ii) instalment is paid at the end of each period.
Anuj, Divij and Shilpa were partners in a firm sharing profits and losses in the ratio of 2:1:2. Their Balance Sheet as at 31st March, 2023 was as follows:
Balance Sheet of Anuj, Divij and Shilpa as at 31st March, 2023
| Liabilities | Amount (Rs) | Assets | Amount (Rs) |
|---|---|---|---|
| Capitals: | Land & Building | 8,00,000 | |
| Anuj 3,00,000 | Furniture | 2,40,000 | |
| Divij 4,00,000 | Stock | 1,20,000 | |
| Shilpa 5,00,000 | 12,00,000 | Debtors | 1,70,000 |
| Bills Payable | 60,000 | Cash | 50,000 |
| Creditors | 1,20,000 | ||
| 13,80,000 | 13,80,000 |
Anuj retired on the above date on the following terms:
(i) Anuj's share of goodwill was valued at Rs 90,000 and the same was to be treated without opening goodwill account.
(ii) Revaluation of assets and reassessment of liabilities resulted in a gain of Rs 25,000.
(iii) Amount due to Anuj was transferred to his loan account, to be paid in two equal yearly instalments plus interest @ 12% p.a. on the unpaid balance starting from 31st March, 2024.
Prepare Partners' Capital Accounts and Anuj's Loan Account till it is fully discharged.
When does RATE function return #NUM! error ? Explain its syntax and significance.
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