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[Virtual Presenter] Welcome to the training video for CBSE Class 12 Accountancy. This presentation aims to provide students with a sample paper to assist them in preparing for their upcoming exams. The presentation will be divided into two parts, Part A and Part B, with Part A being mandatory for all students. Part B offers a choice between two options, 'Analysis of Financial Statements' and 'Computerised Accounting'. It is important to note that students only need to attempt one option in Part B and should answer all parts of a question in one place. Now, let's focus on Part A, which covers Accounting for Partnership Firms and Companies. This section will cover various topics such as terminology used for individual and collective partners, guaranteed profits, and the treatment of a partner's death in the profit sharing ratio. We will also discuss the differences between dissolution of partnership and dissolution of partnership firm, as well as the concept of irredeemable or perpetual debentures. Additionally, we will explore the distinctions between shares and debentures based on their convertibility. To solidify these concepts, we will provide a practical example involving the issuance of debentures in exchange for a bank loan. By the end of the presentation, you will have a better understanding of the key concepts covered in Part A. Thank you for joining us for this training video. We hope it will aid in your preparation for the CBSE Class 12 Accountancy exam. Please continue with the remaining slides to complete the full presentation. Remember, practice makes perfect. Best of luck!.

[Audio] This training video focuses on CBSE Class 12 Accountancy and discusses a sample paper with two parts - A and B. Part A is mandatory, while Part B allows students to choose between two options. The topics covered in the paper include partnership firms, companies, and financial statement analysis. Moving on to the next slide, we will explore a scenario where a company needs to decide whether to report the issue of 9% Debentures as collateral security. There are two potential situations - when the company chooses not to record the issue, or when they choose to record it. Likewise, we will also cover a case where three partners - P, Q, and R - have equal shares of profits in a ratio of 2:2:1. The firm's books are closed on March 31 each year, and on June 30, 2017, R passed away. After R's death, the following information was provided: his initial capital account balance was Rs. 6,50000 and he withdrew Rs. 60000 for personal use on May 15, 2017. According to the partnership deed, in the event of a partner's death, the following will be provided: interest on capital at 10% per annum, interest on drawings at 12% per annum, and his share in the profit of the firm till the date of death, calculated at a rate of 25% of net profit on sales for the previous year. The firm's sales until June 30, 2017, were Rs. 6,00000. Moving on to the next topic, we will discuss the case of M M Limited, which has an authorized capital of Rs. 200 crores and has issued 1,00000 equity shares for its activities. These include opening 100 Skill Development Centres for unemployed youth in Naxal-affected areas in Andhra Pradesh, Chhattisgarh, and Odisha, as well as providing free medical services through mobile dispensaries. As we conclude this section, we will also touch upon the values represented by this company in its efforts to help and support those in need. Stay tuned for more information in the upcoming slides. Thank you for watching..

[Audio] In Part A of the sample paper for CBSE Class 12 Accountancy, there is a compulsory section covering various topics studied in class. However, Part B offers a choice between two options. You are only required to attempt one option, which includes partnership firms, companies, and analysis of financial statements. In this section, we will focus on journalizing transactions for a company. The exercise involves a sample journal with blank spaces that need to be filled in correctly. The first transaction is VK Limited's purchase of machinery from Modern Equipment Manufacturers Limited for a total of Rs. 7,00000. The machinery account will be debited for Rs. 7,00000, and Modern Equipment Manufacturers Limited account will be credited. The next transaction involves the issue of 9% debentures, with two blank spaces that need to be filled in. The first blank space should be filled with the Loss on Issue of 9% Debentures Account, which will be debited for the amount of the loss. The second blank space should be filled with the Securities Premium Account, which will be credited for the premium received on the issue of debentures. Additionally, the Premium on Redemption of Debentures Account will be debited for the amount of premium on redemption. The final question in Part A relates to partnership firms. Partners E, F, and G share profits in the ratio of 2:2:1, and on September 30, 2017, their firm was dissolved. The balance sheet on that date showed a certain amount for both liabilities and assets. You will be required to analyze this balance sheet and answer questions using ratios and financial calculations. Part A has concluded, and now we will move on to Part B, which offers two options. Thank you for your attention, and I hope this has helped you prepare for the exam..

[Audio] This training video will cover the dissolution process of a partnership firm and the necessary journal entries for the same. Slide number four displays the balance sheet of a partnership firm, G's Capital, which is currently in the process of dissolution. The firm's total capital is 2,30000 rupees, divided between partners G and F. G's capital is 500 rupees and F's capital is 1,30000 rupees. The firm also has assets, including land and building, furniture, machinery, and debtors, with a total value of 2,92000 rupees. Partner F was appointed to manage the dissolution and received a remuneration of 5000 rupees for his services. F also agreed to bear the dissolution expenses. The assets were realized as follows: the land and building were sold for 110% of the book value, with a commission of 1% paid to the property dealer. The furniture was sold for 25% of its book value, and the machinery was sold for scrap for 9000 rupees. On the date of dissolution, creditors were paid with a 5% discount. Moving on, the next balance sheet belongs to a firm with partners A, B, and C, who shared profits and losses in the ratio of 3:2:1. As of March 31, 2017, their balance sheet displayed liabilities worth 1,20000 rupees and assets worth 60000 rupees. This concludes slide number four and we will continue discussing dissolution and necessary journal entries in the upcoming slides. Thank you for watching and stay tuned for more informative content on CBSE Class 12 Accountancy..

[Audio] Slide number 5 out of 37 shows a sample paper for CBSE Class 12 Accountancy. This paper focuses on a partnership firm and consists of two parts, A and B. Part A is mandatory, while Part B offers two options for the students to choose from. The topics covered in the paper include partnership firms, companies, and financial statement analysis. In this slide, we can see the financial details of the partnership firm, including its fixed assets, reserve fund, current assets, creditors, employees' provident fund, and the total amount of Rs. 2,15000. As of April 1, 2017, the partners have agreed to share future profits equally and have made various adjustments, such as valuing goodwill at Rs. 3,00000 and depreciating fixed assets by 10%. After these adjustments, the partners' capitals will be in proportion to their new profit sharing ratio, and current accounts will be opened for this purpose. In addition, there is a question on this slide about the partnership firm L, M, and N, who share profits and losses in the ratio of 2:3:5. As per their partnership deed, they have set different interest rates for capital, drawings, and loans. On January 1, 2017, the firm obtained a loan of Rs. 1,50000 from partner M. After accounting for the interest on this loan, the net profit for the year ended on March 31, 2017 was Rs. 85000. We will now move on to the next question, which requires us to record necessary journal entries for the issue of debentures in the books of P P Limited. This presentation covers a broad range of topics related to partnership firms, companies, and financial statements. Please continue to the next slide for more questions and examples..

[Audio] In this slide, we will be discussing important cases related to issuing debentures. We will look at the following cases: (a) The company issued 500 9% debentures of Rs. 100 each at a discount of 6%, redeemable at a premium of 9%. (b) It also issued Rs. 10,00000 9% debentures of Rs. 100 each at a premium of Rs. 20 per debenture, redeemable at a premium of Rs. 10 per debenture. (c) Finally, it issued 3000 8% debentures of Rs. 100 each at a discount of Rs. 15000, redeemable at a premium of 5%. Moving on, on April 1, 2013, XY Limited issued Rs. 9,00000 10% debentures at a discount of 9%. These debentures were to be redeemed in three equal annual instalments starting from March 31, 2015. We will now prepare the 'Discount on Issue of Debenture Account' for the first three years starting from April 1, 2013. Please make sure to clearly show your workings. In the last part of this slide, we will look at a case where ZX Limited invited applications for issuing 5,00000 equity shares of Rs. 10 each at a premium of Rs. 10 each, payable with Final call. The amount per share was payable as follows: - On Application - Rs. 2 - On Allotment - Rs. 3 - On First Call - Rs. 2 - On Second & Final Call - Balance However, 50000 share applications were rejected and the application money was refunded. Allotment was made to the remaining applicants as follows: - Category No. of shares Applied No. of Shares allotted - I 2,00000 1,50000 That concludes our discussion on this slide..

[Audio] In the seventh slide of our presentation on a sample paper for CBSE Class 12 Accountancy, we will be discussing a case study about a company called ZX Limited. This case involves excess application money received by the company, which was used to adjust sums due on allotment. Any remaining balance was then applied towards future calls. One shareholder, Govind, belonging to category I, had 1,500 shares allotted and paid the entire share money with the application. Another shareholder, Manohar, belonging to category II, had applied for 11000 shares but failed to pay the Second and Final Call money. As a result, his shares were forfeited after the final call. These forfeited shares were reissued at Rs. 10 per share with a paid up value of Rs. 7 per share. Assuming the company maintains a "Calls in Advance Account" and a "Calls in Arrears Account", the necessary journal entries for these transactions must be passed in the books of ZX Limited. We also have a case study involving a company called AX Limited in this same slide. In this scenario, the company forfeited 6000 shares of Rs. 10 each for non-payment of the first call of Rs. 2 per share. However, the final call of Rs. 3 per share was yet to be made. Out of the forfeited shares, 4000 were reissued at Rs. 9 per share as fully paid up. Assuming the company maintains a "Calls in Advance Account" and a "Calls in Arrears Account", we need to prepare a "Share Forfeited Account" in the books of AX Limited. Moving on to part B of this slide, we will be discussing a company called BG Limited which issued 200000 equity shares of Rs. 20 each at a premium of Rs. 5 per share. These shares were allotted in the proportion of 5:4 of shares applied and allotted to all the applicants. One applicant, Deepak, who had applied for 900 shares, failed to pay the allotment money of Rs. 7 per share (including premium). When he also failed to pay the first and final call of Rs. 2 per share, his shares were forfeited. However, 400 of these forfeited shares were reissued at Rs. 15 per share as fully paid up. In order to show the working clearly, we need to pass necessary journal entries for the forfeiture and reissue of Deepak's shares in the books of BG Limited. This concludes slide number 7 of our presentation..

[Audio] This question is worth 8 marks and is a crucial part of the Partnership Firms and Companies topic. The firm has A, B, and C as partners, sharing profits and losses in proportion to their fixed capitals. The Balance Sheet of the firm as at March 31, 2017 shows a Bank Capital of 21000, Stock A of 5,00000, Debtors of 15000 and General Reserve of 35,500. The liabilities include A's Loan creditors of 2,00000 and B's Loan of 2,41000. The assets include Land and Building of 6,00000 and Plant and Machinery of 10,00000. C decides to retire from the firm and the terms of his retirement are as follows: Goodwill of the firm is valued at two years purchase of the average profits of the last three years. Provision for Bad Debts is maintained at 5% of the Debtors. Land and Building is appreciated by 90000 and Plant and Machinery is reduced to 1,80000. A will repay his loan and the loan repaid by A will be used to pay C. The remaining amount payable to C will be transferred to his Loan Account with an interest rate of 12% per annum. It is important for students to understand the concept of reissue of shares and make the necessary journal entries. This question also tests their understanding of partnership firms and companies. Please make sure to thoroughly understand this topic. We still have a long way to go, so let's continue with our study of CBSE Class 12 Accountancy. Remember to download study material from myCBSEguide.com for more practice and preparation. Thank you for watching and see you in the next slide..

[Audio] We will now discuss the preparation of Revaluation Account, Partners' Capital Accounts, and the Balance Sheet of a reconstituted firm. Specifically, we will focus on the case of P and K, who were partners in a firm. On March 31, 2017, their Balance Sheet showed a capital of Rs. 3,00000 for P and Rs. 2,00000 for K, with assets including a bank balance of Rs. 18000, stock of Rs. 19000, debtors of Rs. 22000, and a general reserve of Rs. 1,00000. On the liabilities side, there were creditors of Rs. 50000, outstanding expenses of Rs. 8000, and C's loan of Rs. 1,20000. Later, on April 1, 2017, C was admitted as a new partner with a 1/4th share in profits. His admission included converting his loan into capital, bringing his share of goodwill premium in cash, and calculating the firm's goodwill based on the average profits of the previous three years. The profits for the years ended March 31, 2015 and March 31, 2016 were Rs. 65000 and Rs. 1,00000, respectively. Additionally, 10% depreciation will be charged on Plant & Machinery, and Land & Building will be appreciated by 5%. The partners' capitals will also be adjusted according to C's capital, with actual cash being brought in or material downloaded from myCBSEguide.com. Thank you for watching and we hope this information has been useful. Stay tuned for future sections on partnership firms, companies, and analysis of financial statements..

[Audio] Part B of the CBSE Class 12 Accountancy sample paper covers the analysis of financial statements. Question 18 requires two examples of cash inflows from operating activities, aside from cash receipts from the sale of goods and rendering of services. These examples may include interest received on loans, dividends from investments, or rental income from property. These types of cash inflows do not directly relate to the company's main operations. Moving on to Question 19, both P&P Limited and GG Limited have purchased shares of Savita Limited and must categorize this under investing activities in their cash flow statements. In Question 20, M&K Limited, a computer hardware manufacturing company, must adhere to the Companies Act and Rules of 2013 when preparing their financial statements. Our advice to the company's accountant is to present the securities premium reserve, calls in advance, and stores and spares under specific categories in the balance sheet. It is important for the company to strive for transparency and accuracy in their financial statements, while following accounting principles and accurately reflecting their financial position. This concludes Part B and we will now move on to the final section. Best of luck with your studies..

[Audio] This training video on CBSE Class 12 Accountancy focuses on Part A and B of a sample paper, where Part A is compulsory and Part B offers two options for students to choose from. The paper covers topics such as partnership firms, companies, and analysis of financial statements, and students are required to attempt one of the options. Moving on to slide number 11, we have a question regarding calculating the Interest Coverage Ratio for a company. For the year ended March 31, 2017, the net profit after tax for K X Limited was Rs. 6,00000, while they had Rs. 40,00000 of 12% debentures. Assuming a 40% tax rate, the Interest Coverage Ratio is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expense, with a resulting ratio of 1.5 for K X Limited. In another scenario, if the company decides to redeem debentures of Rs. 5,00000, the Interest Coverage Ratio would increase to 1.6875, showcasing the positive impact of reducing the debentures. Moving on to slide number 22, we have the statement of profit and loss for company X L Limited for the year ended March 31, 2017. While there was a 60% increase in revenue from operations from the previous year, expenses have also increased. To gain a clearer understanding of the company's financial performance, a comparative statement of profit and loss for these two years can be prepared. Finally, on slide number 23, we have the balance sheet of Ajanta Limited as of March 31, 2017, from which we will prepare a cash flow statement. The cash flow statement is a vital tool for analyzing a company's cash inflows and outflows and is an essential part of financial statement analysis. Thank you for watching and stay tuned for more discussions on CBSE Class 12 Accountancy..

[Audio] We will be discussing the capital, reserves, and surplus of a sample paper for CBSE Class 12 Accountancy. This paper contains two parts - A and B, with Part A being compulsory and Part B having two options. We will focus on the liabilities, which are divided into two categories - non-current and current liabilities. Non-current liabilities include long-term borrowings of 9% debentures, with a total amount of 1,80000 and 2,40000 respectively. Current liabilities include trade payables and other current liabilities, with a total amount of 19,20000 and 17,60000 respectively. Moving on to the assets, non-current assets include fixed assets and investments, with a total amount of 13,40000 and 12,00000 respectively. Tangible assets make up 2,40000 and 1,60000. Current assets include inventories, trade receivables, and cash and cash equivalents, with a total amount of 1,20000 and 1,60000. These numbers reflect the financial status as of 31st March 2017 and 2016. The general reserve remains at 1,20000 for both years. All information has been sourced from myCBSEguide.com. We will continue our discussion on the next slide. Thank you for your attention.".

[Audio] In slide number 13 of our training video on CBSE Class 12 Accountancy, we will be discussing the balance in the statement of profit and loss. The total balance in the statement is 1,20000 which includes a balance of 2,40000 in trade payables and 40000 in creditors. In the next section, there are bills payable amounting to 1,80000 and other current liabilities of 1,80000. In terms of tangible assets, we have plant and machinery worth 14,90000 with accumulated depreciation of 1,50000. Additionally, there are non-current investments of 2,40000, including shares in XYZ Limited. Now, let's look at some important transactions that occurred in 2016-17. A machinery costing 50000 was sold for 32000 with accumulated depreciation of 15000. Furthermore, 9% debentures worth 80000 were issued on April 1, 2016. Moving on to Part B of the paper, we will now discuss computerized accounting. The question for this section is, 'while navigating in the workbook, what command is used to move to the beginning of the current row?' The correct answer is (1). Please continue to the next slide for more information on CBSE Class 12 Accountancy. Have a great day..

[Audio] The final portion of the paper is Part B, which offers two options for the reader to choose from. The topics covered in Part B include partnership firms, companies, and analysis of financial statements. In this section, technical terms related to computerized accounting will be discussed. First, the various keyboard shortcuts for navigating through data will be explored. These include using the control and home keys to go to the beginning of a document, the page up key to go to the previous page, the home key to go to the beginning of a line, and the control and backspace keys to delete a word in front of the cursor. Following this, the term 'join line' in the context of an Access table will be considered. This term refers to the lines that connect data within a table, such as fields or records, and helps to maintain the integrity and organization of the data. Moving on, the basic requirements for a computerized accounting system for a business organization will be discussed. These include having a reliable and secure software, trained staff, regular data backups, and proper data entry procedures. It is important to note that while some may believe that generating ledger accounts is not necessary in a computerized system, these accounts are actually crucial for the accuracy of the trial balance. One of the major advantages of computerized accounting is the ease of internal manipulation of accounting records. This allows for quick and effortless editing, sorting, and analyzing of data, which would be much more time-consuming in manual accounting. However, with the storage of a large amount of data in a computerized system, there is a risk of security threats and manipulations. To counteract this, it is important to have strong security measures in place, such as regular data backups, strict access controls, and firewalls. In conclusion, while computerized accounting systems offer many benefits, it is important to be vigilant and take necessary precautions to ensure the safety and accuracy of the data. This concludes our discussion..

[Audio] Slide number 15 of our CBSE Class 12 Accountancy training video discusses the marking scheme for Part A of the sample paper. Part A covers the topic of accounting for partnership firms and companies. In Question 1, it is noted that partners are individually responsible for their share of the loss, but are collectively accountable for the entire loss as a firm. The amounts transferred to the capital accounts of partners A and C are given in Question 2. By calculating the ratio of H, P, and S to be 4:3:3, we can determine the gains for H and S and their new profit sharing ratio of 23:27. Question 4 addresses the solution for dissolution of partnership, where the firm may continue to do business with a changed agreement or cease to exist and distribute assets and liabilities in the case of dissolution. Finally, Question 5 explains the concept of irredeemable debentures, which are not payable during the lifespan of the company. This concludes our discussion for slide number 15. The material is available for download on myCBSEguide.com for further reference..

[Audio] Moving on, in question 6, we will discuss the difference between shares and debentures. It is important to note that shares cannot be converted into debentures, while debentures can be converted into shares if specified in the terms. In question 7, we will see a journal entry for K.K. Limited, which obtained a loan of 10,00000 rupees at 9% interest from State Bank of India. The company also issued 9% debentures as collateral security to the State Bank of India. This leads us to question 8, where we will analyze the R's Capital Account and the downloading of material from myCBSEguide.com. Moving on to slide 16 of our presentation on A Sample Paper for CBSE Class 12 Accountancy, which is divided into two parts, A and B. Part A is compulsory and Part B offers two options. Remember, students must attempt one option from Part B. The paper covers topics such as partnership firms, companies, and financial statement analysis..

[Audio] We will now look at slide number 17 of our presentation, which includes a sample paper for CBSE Class 12 Accountancy. The paper has two parts, A and B, with Part A being mandatory and Part B offering two options. Students must choose one option and answer it in the designated space. The paper covers topics such as partnership firms, companies, and financial statement analysis. In the example, the date and details for the year 2017 are as follows: Date, Particulars, JF Amount, JF Amount. On April 1st, the drawings account is debited for Rs. 60000 and on June 30th, the balance is carried forward. On June 30th, the interest on drawings account is credited for Rs. 6,50000 and the interest on capital account is debited for Rs. 900. The R's executor's account is credited for Rs. 16,250 and the Suspense account is credited for a total of Rs. 6,35,350. Please keep in mind that incorrect dates may result in a deduction of half a mark. Moving on to the next slide, we will examine MM Limited's balance sheet for the current and previous year. Under Shareholders' Funds, we can see that the Share Capital is divided into two parts - authorized capital of Rs. 200 crores with 2,00,00000 equity shares of Rs. 100 each and issued capital of Rs. 11 crores with 11,00000 equity shares of Rs. 100 each. Refer to Note 1 for more information. Let's now move on to slide number 18..

[Audio] On the previous slide, we went over the various types of securities that can be issued by a company, including equity shares, debentures, and bills payable. This slide will focus on an example of a company, VK Limited, and the journal entries related to their financing activities. It can be seen that VK Limited has issued 11,00000 equity shares of Rs. 100 each, with a total amount of Rs. 11,00000 subscribed and fully paid. They have also taken a loan of Rs. 70000 to purchase machinery from Modern Equipment Manufacturers Limited. The journal entries show that the machinery account was debited with Rs. 70000 and Modern Equipment Manufacturers Limited was credited with the same amount. The following entry shows that Modern Equipment Manufacturers Limited had a loss of Rs. 6,65000 on the issue of 9% debentures. They issued 1,00000 debentures worth Rs. 1,00000 and 50000 equity shares of Rs. 10 each, with a premium of 15%. To account for this, the 9% debentures account was credited with Rs. 20000, the equity share capital account with Rs. 5,00000, and the securities premium account with Rs. 75000. The final entry on this slide shows that Modern Equipment Manufacturers Limited was credited with Rs. 10000 for the premium on redemption of debentures. The last entry shows that Modern Equipment Manufacturers Limited was debited with Rs. 35000 and the bills payable account was credited with the same amount. This was for a bill of acceptance given by VK Limited to Modern Equipment Manufacturers Limited. This was just an example to demonstrate the journal entries a company may make for securities and financing activities. In the upcoming slides, we will look at more examples and provide further detail..

[Audio] In slide number 19, we will be discussing the journal entries for the Realisation Account. The Realisation Account is used to record the sale of assets and payment of liabilities during the winding up process of a partnership firm or company. The journal entries on the debit side include the Realisation Account with a total of Rs. 2,76,500, which includes amounts from individual asset accounts and the Debtors account. On the credit side, the Realisation Account has Rs. 42,750, representing the amount paid to creditors at a discount of 5%. The Bank Account has a total of Rs. 1,08,900, received from the sale of assets. Additionally, the balances of external liabilities accounts have been transferred to the Realisation Account. The credit side also shows a total of Rs. 62000 for Outstanding Expenses and Creditors. The Bank Account has Rs. 12,500 and Rs. 9000 from the sale of assets as scrap. These are the journal entries for the Realisation Account. The next slide will cover the journal entries for the Partners' Capital Accounts..

[Audio] We are now on slide 20 out of 37, focusing on crucial journal entries related to partnership dissolution in the CBSE Class 12 Accountancy sample paper. The paper consists of two parts, A and B, with Part A being mandatory and Part B offering two options. Students are required to attempt one option in a single place. The paper covers partnership firms, companies, and financial statement analysis. Let's examine some journal entries related to the dissolution process. The first entry portrays the transfer of outstanding expenses to the Realisation Account, with a payment of Rs. 17000. In the next entry, we see the payment of Rs. 5000 as remuneration to partner F for undertaking the dissolution process, debited to the Realisation Account. The third entry entails the transfer of losses on realisation to the partners' Capital Accounts, with partner E's account debited with Rs. 59,540, partner F's with Rs. 59,540, and partner G's with Rs. 29,770. Next, partner G makes a final payment, and the Bank Account is debited with Rs. 30,270 while partner G's Capital Account is credited with the same amount. Partners E and F receive the final payment, with their Capital Accounts debited with Rs. 1,89,540, and the Bank Account credited with Rs. 3,49,080 in total. Lastly, the entry records the treatment of goodwill due to a change in profit sharing ratio, where the Reserve Fund Account is debited with Rs. 18000, partner A's Capital Account is credited with the same amount, and partner B's Capital Account with Rs. 9000. These are only a few examples of the significant journal entries that may appear in the CBSE Class 12 Accountancy paper. One must understand the underlying principles and concepts for effectively tackling these entries during the exam. This concludes our discussion on slide number 20. In the next slide, we will look at company accounts. Thank you for watching, and see you in the next slide..

[Audio] Slide number 21 focuses on the accounting entries for a partnership firm, specifically for CBSE Class 12 Accountancy. The first entry is for C's Capital Account, which reflects a transfer of 3000 rupees from the Reserve Fund to the partners' capital accounts. This is followed by an entry for the Revaluation Account, with a debit of 18000 rupees and a corresponding credit to the Fixed Assets Account. These adjustments are due to a change in the profit sharing ratio. Subsequently, individual entries are made for each partner's capital account, with A's being debited 9000 rupees, B's being debited 6000 rupees, and C's being debited 3000 rupees. This is to transfer the revaluation loss to the partners' capital accounts. Two more entries are made for A and C's Current Accounts, with A's being debited 60000 rupees and C's being debited 60000 rupees. These entries are an adjustment of capital through the opening of the current accounts. Lastly, the Profit and Loss Appropriation Account shows the interest on capital for each partner, with L at 24,750 rupees, M at 27000 rupees, and N at 29,250 rupees. The net profit carried down is 85000 rupees to balance the account. It is important to note that these are only examples and it is recommended to refer to the textbook for a more thorough understanding of the concepts. Thank you for watching and stay tuned for the next slide..

[Audio] We will now discuss the structure of the sample paper for CBSE Class 12 Accountancy, which is divided into two parts, A and B. Part A covers topics such as partnership firms, companies, and financial statement analysis, and is compulsory. Part B has two options for students to choose from. Now, we will take a closer look at the accounts section of the paper, which includes various transactions such as profit transfer to partners' current accounts, and transfers to L, M, and N's current accounts. The total for this section is 7,240. Moving on, let's focus on the year 2016. On the credit side, there is a bank account with a balance of 1,00000. On the debit side, there is the balance brought forward from the previous year, which was 3,00000. On the same date, the balance is transferred back to the bank account, bringing the balance for 2016 to 4,00000. Now, let's move on to the year 2017, where the credit side has a balance of 3,00000, and the debit side has the bank account with a balance of 1,00000 on the first of July. The balance is then transferred back to the bank account on the same date, making the total 4,00000 for 2017. This concludes the accounts section of the sample paper. Moving on, we will now discuss the PP Limited Journal, where the debit side has a bank account with a balance of 47000, representing application money received for 500 9% debentures. On the credit side, there is the 9% debenture application and allotment account, as well as the loss on the issue of debentures account, both with a balance of 47000. This brings us to the end of slide number 22, out of a total of 37 slides..

[Audio] In this slide, we will be focusing on the entries for the issue of debentures at par value and the issue of debentures at a premium. Firstly, let's look at the treatment for the issue of debentures at par value. In this case, we will debit the Debentures Account for the total amount of debentures issued, which is 50000. We will also credit the Debenture Application and Allotment Account for the application money received, which is 12000. This entry reflects the receipt of application money for the debentures. Moving on, we will also credit the Bank Account for the amount received, and debit the Securities Premium Account for the premium on issue of debentures, which is 2,00000. We will also debit the Loss on Issue of Debentures Account for the difference between the amount received and the face value of the debentures, which is 1,00000. Finally, we will credit the Debentures Account for the face value of the debentures issued, which is 10,00000. Next, let's look at the accounting treatment for the issue of debentures at a premium. In this case, we will debit the Debentures Account for the total amount of debentures issued, which is 3,00000. We will also credit the Debentures Application and Allotment Account for the application money received, which is 2,85000. In addition, we will also credit the Bank Account for the amount received and debit the Loss on Issue of Debentures Account for the difference between the amount received and the face value of the debentures, which is 30000. We will also debit the Premium on Redemption Account for the premium on redemption, which is 15000. This entry reflects the transfer of application money to the Debentures Account and the Premium Reserve Account. In conclusion, the accounting treatment for debentures covers both the issue of debentures at par value and the issue of debentures at a premium. It is important to understand and record these entries accurately for the financial statements. We will continue discussing other topics in the next slides..

[Audio] The next slide discusses the Application of Money Transferred to 8% Debentures Account, including recording of loss on the issue of debentures and premium on redemption. It also emphasizes the Discount on Issue of 10% Debentures Account, with a balance of Rs. 81000 as of March 31, 2014. On April 1, 2014, a loss of Rs. 54000 was recorded in the Debentures Account, with a balance of Rs. 81000 on that date. In the following year, as of March 31, 2015, the loss remained at Rs. 54000 and the balance was brought down to Rs. 27000. As of April 1, 2015, the balance carried down was again Rs. 54000. Moving on to March 31, 2016, the loss decreased to Rs. 9000 and the balance brought down was Rs. 27000. This information can also be found on the statement of Profit and Loss for each of the respective years. It is important for CBSE Class 12 Accountancy students to understand this concept, as it covers partnership firms, companies, and analysis of financial statements. Additional study material can be found on myCBSEguide.com. The next slide discusses Material Downloaded from myCBSEguide.com..

[Audio] Slide number 25 covers a sample paper for CBSE Class 12 Accountancy, divided into two parts - A and B. Part A is mandatory while Part B offers two options. The paper covers partnership firms, companies, and financial statement analysis. On slide number 25, we see a journal entry where the bank account and equity share application are both debited for Rs. 16,36000, while the equity share application account is also credited for the amount received. This is followed by another entry where the equity share application account is debited for the same amount and the equity share capital and allotment accounts are credited. The bank account is also credited for a portion of the amount, while the call in advance account is credited for the remaining amount. On the same slide, we see another entry where the equity share allotment account is debited for Rs. 15,00000 and the equity share capital account is also debited for the same amount. This is in relation to 5,00000 allotted equity shares at Rs. 3 each. Finally, on slide number 25, the bank account is debited for Rs. 9,96,500 and the equity share allotment account is credited for the same amount, representing the net allotment money received. This concludes slide number 25; please continue with the remaining slides, which can be downloaded from myCBSEguide.com. Thank you for your attention and I hope this has been a helpful explanation for slide number 25..

[Audio] The journal entries related to share capital for our sample paper are split into two parts - A and B. Part A is mandatory and covers topics such as partnership firms, companies, and analysis of financial statements. Part B has two options, from which students must choose one to attempt. On slide 26, we can see the following entries: A debit entry of Rs. 10,00000 to the Equity Share Capital account for the first call money due on 5,00000 equity shares at Rs. 2 each, and a credit entry to the Bank account for Rs. 9,97000 and the Calls in Advance account for Rs. 3000. We then have a debit entry of Rs. 10,00000 to the Equity Share First Call account for the first call money received. Moving on, there is a debit entry of Rs. 65,00000 to the Equity Share Final Call account and a credit entry to the Equity Share Capital account for the final call money due on 5,00000 equity shares at Rs. 13 each, with an additional premium of Rs. 10 each. On the other side, there is a credit entry of Rs. 15,00000 to the Securities Premium Reserve account. Next, there is a debit entry of Rs. 63,89,500 to the Bank account and the Calls in Advance account for the final call money received, as well as a debit entry of Rs. 19,500 to the Call in Arrears account for the remaining amount. Lastly, there is a debit entry of Rs. 91000 to the Share Capital account and the Securities Premium Reserve account for the shares that were forfeited by Manohar, with a credit entry of Rs. 70000 to the Share Forfeiture account and the Calls in Arrears account, leaving a remaining amount of Rs. 49000. This concludes the journal entries related to share capital for our sample paper. We hope this information will be useful to you in your preparation for the CBSE Class 12 Accountancy exam. Remember, practice and a thorough understanding of the concepts are crucial for success. Best of luck!.

[Audio] Part B of the sample paper for CBSE Class 12 Accountancy discusses two options for students to choose from. The first option covers the topic of share forfeiture, while the second option covers the topic of material downloaded from myCBSEguide.com. Moving on to the first option, the journal entry shows 21000 shares of Manohar were forfeited and issued, resulting in the Share Forfeiture Account being debited with 21000 rupees. To balance this, the Capital Reserve Account is credited with the same amount. Next, we see that 49000 rupees were transferred from the Share Forfeited Account to the Capital Reserve Account in respect of 400 shares. Similarly, for the second option in Part B, the journal entries are slightly different. The Share Capital Account is debited with 4000 rupees, representing the value of the downloaded material, and the Capital Reserve Account is credited with 10000 rupees to balance the entry. Furthermore, the Share Capital Account is debited with 16000 rupees, representing the balance carried down, which is then transferred to the Balance c/d column. This concludes our discussion of Part B of the sample paper for CBSE Class 12 Accountancy, covering the two options of share forfeiture and material downloaded from myCBSEguide.com. We hope this training video has helped in understanding these concepts..

[Audio] Slide 28 covers the topic of Securities Premium Reserve, Bank Account and Share Forfeiture Account. The journal entries and working notes for the re-issue of forfeited shares will be discussed. The Securities Premium Reserve Account holds a total of 14,400 rupees, which is then transferred to the Share Forfeiture Account. There is also an amount of 3,600 rupees in the Calls in Arrears Account, including shares forfeited. The Bank Account is debited for 6000 rupees, and the Share Forfeiture Account is also debited for 2000 rupees. This is followed by a credit entry of 8000 rupees in the Share Capital Account for the re-issuance of 400 shares at 15 rupees per share. Moving on, the Share Forfeiture Account is debited for 6000 rupees and transferred to the Capital Reserve Account. A gain of 6000 rupees is seen on the re-issue of forfeited shares, and is credited to the Capital Reserve Account. Working notes include the proportionate allotment of 720 shares out of 900 applied shares, with application money of 14,400 rupees and an adjusted amount of 11,520 rupees. On the other hand, the amount to be adjusted on allotment is 2,880 rupees. The Allotment Money due on 720 shares is 5,040 rupees, with a remaining allotment money not received of 2,160 rupees. The Calls in Arrears are calculated at a total of 3,600 rupees, including the Allotment Money not received and the First and Final Call Money. Please take note of these journal entries and working notes. This concludes Slide 28 out of 37. For more practice material, visit myCBSEguide.com. Thank you and let's move on to the next slide..

[Audio] In this part of the presentation, we will be examining the sample paper for CBSE Class 12 Accountancy. We are currently on slide number 29, out of a total of 37 slides. This slide focuses on a specific accounting transaction from Part B of the paper, which involves journal entries for a share issue and forfeiture. The first entry is for the bank account, with a debit of Rs. 10,800. Following this, the share forfeited account has a debit of Rs. 1,200 and a corresponding credit to the share capital account of Rs. 12000. This indicates that 1,200 shares were re-issued at a fully paid-up price of Rs. 10,800. The next entry is for the share forfeiture account, with a debit of Rs. 7,200 and a corresponding credit to the capital reserve account of Rs. 7,200. This represents the gain on re-issue of forfeited shares, which is then transferred to the capital reserve account. Moving on, we will focus on the revaluation account. A debit of Rs. 20000 is made to the plant and machinery account, while a credit of Rs. 750 is made to the provision for doubtful debts account. The remaining amount of Rs. 35,375 is then transferred to the partners' current accounts. Lastly, the partner's current accounts are debited and the revaluation account is credited. This indicates the redistribution of profits based on their respective share. For a better understanding, you can refer to the material downloaded from myCBSEguide.com. This concludes slide number 29 and we will now move on to the next slide..

[Audio] On slide number 30, the balance sheet as of March 31, 2017 is shown. The slide displays the company's liabilities and assets. The liabilities include bank capital, C's loan, creditors, outstanding salary, and A's current account. The assets include stock, debtors, plant and machinery, and land and building. It is important to remember that this is only a sample and the actual balance sheet may differ. For further details, please refer to the full presentation on CBSE Class 12 accountancy. Moving on, let's now turn our attention to slide number 31..

[Audio] We are now on slide number 31 of our CBSE Class 12 Accountancy training video. This slide discusses the journal entries related to the introduction of a new partner in a partnership firm. There are four journal entries shown, including B's loan and current account for 10,51,650 rupees, C's loan account being transferred to his capital account for 1,30000 rupees, bank account and goodwill premium for 17,500 rupees, and premium for goodwill being transferred to P and K's capital accounts in their sacrificing ratio for 8,750 rupees each. The second column includes the revaluation of plant and machinery for 14,550 rupees and revaluation of land and building for 28000 rupees. The final entry is for the transfer of the revaluation amount to P and K's capital accounts in their sacrificing ratio, with 13,450 rupees for P and 6,725 rupees for K. These journal entries are important for understanding the financial changes that occur with the introduction of a new partner in a partnership firm. They help in analyzing the company's financial statements and making informed business decisions. Let's move on to slide number 32..

[Audio] In Slide 32, we will explore the details of Part B Option 1, which delves into analyzing financial statements. This portion covers a range of subjects, including royalties, commission received, and other revenue receipts. We will also examine the discrepancies in operating and investing activities between P P Limited and G G Limited. It should be noted that the material used in this presentation was obtained from myCBSEguide.com. This concludes our presentation, with only five more slides remaining. Thank you for your attention and we hope this training has been valuable for you..

[Audio] In this portion of the video, we will be discussing slide number 33 out of a total of 37 slides that covers preparation for the CBSE Class 12 Accountancy sample paper. On this slide, our focus will be on the items under the major head of Securities Premium, specifically the S.No. items. It is crucial to understand that the sample paper for Class 12 Accountancy is divided into two parts, A and B. Part A is mandatory and encompasses topics such as partnership firms, companies, and analysis of financial statements. Part B offers two options and students are required to attempt one at one place. Moving on to the content of this slide, we will examine three important components under the Shareholders' Funds - Reserves & Surplus, Reserve Other Current Liabilities, and Calls in Advance. Each of these items holds significance in the financial statements. Continuing under the Sub-Head of Current Assets, we will look at Stores & Spares and Inventory, which are essential for efficient management of any business. Additionally, this slide also mentions the values of Transparency, Honesty, and Abiding the Law, which are crucial ethical values for every business. On slide number 21, we will discuss the Interest Coverage Ratio, which is calculated by dividing the net profit before interest and tax by the interest on long-term debts. In this scenario, the net profit after tax is Rs. 6,00000 and the tax rate is 40%, resulting in a net profit before tax of Rs. 10,00000. This ratio is important as it indicates the number of times the interest on long-term debts is covered by available profits, with a higher ratio indicating the safety and security of the interest on long-term debts. To improve this ratio, the company can choose to redeem Rs. 5,00000 debentures with an assumption that the net profit after interest and tax will remain unchanged. Finally, on slide number 22, we will discuss the Comparative Statement of Profits and Loss for the years 2016 and 2017 for X L Limited, which is a valuable tool for analyzing a company's financial performance over a period of time. This concludes our discussion on slide number 33 of the sample paper for CBSE Class 12 Accountancy..

[Audio] Part A of the sample paper for CBSE Class 12 Accountancy includes compulsory topics such as partnership firms, companies, and analysis of financial statements. For part B, students have the choice between two different options and are only required to attempt one option in a specific place. This section of the paper is divided into two parts: Employee Benefit Expenses and Other Expenses. Employee Benefit Expenses account for 10% of the Revenue from Operations and have shown a 60% increase from the previous year. On the other hand, Other Expenses have seen a significant increase of 71.43%, much higher than the previous year. This results in a net profit before tax of 71.43%, a substantial increase from the previous year. However, after deducting taxes, the net profit after tax is only 23% of the previous year's net profit. Moving on to the cash flow statement for 2014, we can see that while the company has a surplus in their statement of profit and loss, they have also experienced losses on non-cash and non-operating items. The operating profit before changes in working capital has significantly increased due to a decrease in current assets and an increase in current liabilities. However, the company has also had a loss from the sale of machinery and has paid interest on debentures. This brings us to the end of slide number 34 out of 37. Let's continue to the next slide and see what part B has in store for us..

[Audio] The final section of the paper, Part B, focuses on the cash flow from investing and financing activities. Students are required to analyze the cash flow from investing activities, including the purchase and sale of machinery and shares in XYZ Limited. They must also examine the cash flow from financing activities, such as the issue of 9% debentures and the associated interest payments. This section is crucial in providing a clear overview of the company's financial operations and their impact on the overall cash flow. It also helps students understand the concept and significance of cash flow in financial statements. Moving on to the sample paper's cash flow statement, we can see the breakdown of cash flow from operating activities, investing activities, and financing activities. The total net cash flow for this company is 51,200 and the closing balance of cash and cash equivalents is 15,40000. It is highly beneficial for students to familiarize themselves with the format of a cash flow statement and practice analyzing and interpreting it. This will facilitate their future studies and careers in the field of accountancy. Continuing with the sample paper, we have the accumulated depreciation account. This account tracks the depreciation of the company's assets over time. In this case, we can observe that the balance from the previous year was 15000 and the depreciation for the current year was 1,50000. It is crucial for students to understand the significance of accurately recording depreciation in a company's financial statements. This concludes the presentation. Thank you for watching and we hope this sample paper has provided a deeper understanding of the topics covered in CBSE Class 12 Accountancy. Good luck on your exams!.

[Audio] Part B, Option II of the CBSE Class 12 Accountancy sample paper focuses on computerized accounting. It includes question number 18 with solution (c) and question number 19 with solution (b). This type of accounting uses a database-oriented application to store transaction data, allowing users to generate reports and operate on the database through an interface. The fundamentals of computerized accounting involve having a well-organized accounting framework and operating procedure. Each business transaction is recorded using computer software and a unique code is assigned to each account and transaction. These accounts are then grouped to form an accounting framework based on principles, coding, and grouping structure. A well-designed and well-conceived operating procedure is crucial for efficient use of the system. Moving on to question number 21, we will explain account groups and the hierarchy of ledgers in a computerized accounting system. Account groups are categories used to classify accounts and transactions, while the hierarchy of ledgers refers to the structure of accounts and sub-accounts in the system, helping to effectively organize and manage financial data. This concludes Part B, Option II of the CBSE Class 12 Accountancy sample paper. We hope this has given a better understanding of this subject. Good luck with your studies.".

[Audio] In summary, we have reached the final slide of this training video where we have covered the various capabilities of computerized accounting and its benefits. We have explored the hierarchy of ledger accounts, the automatic transfer of data, and the process of preparing financial statements, which is independent of creating a trial balance. Moving on to the next point, we have examined how computerized accounting simplifies the manipulation of internal accounting records due to factors like faulty program sequencing and susceptibility to hacking. Nonetheless, when using any accounting software, precautions should be taken to ensure data security, safety, and confidentiality, such as through password protection, data audits, and data storage. I hope this presentation has improved your understanding of the CBSE Class 12 Accountancy sample paper, which covers topics like partnership firms, companies, and financial statement analysis. Thank you for your attention and I sincerely hope that you have found this video informative and helpful. Thank you for watching..