DWARKA INTERNATIONAL SCHOOL
HOLIDAY HOME WORK (2025-26)
CLASS XI
SUBJECT: ACCOUNTANCY (055)
Part –I
Accountancy Integrated Holiday homework
Prepare a list of 10–15 business transactions related to:
* Capital introduced
* Purchase/Sale of goods (Cash & Credit)
* Payment of expenses (rent, salary, electricity)
* Receipt from debtors / Payment to creditors
* Withdrawals for personal use, etc.
Tasks to be done:
a.Identify the type of accounts involved in each transaction (Personal, Real, Nominal).
b. Show the effect of each transaction using the Accounting Equation
(Assets = Liabilities + Capital).
c.Open ledger accounts for at least 5 major items (e.g., Cash, Capital, Sales, Purchases, Rent).
d. Post entries into the respective ledgers.
Part –II
Answer the following short questions :
1. What is Accounting?
2. Explain any four objectives of accounting.
3. What are the types of accounts? Explain with examples.
4. Explain the rules of debit and credit.
5. What is the difference between journal and ledger?
6. What is the end product of financial accounting?
7. Mention 2 qualitative characteristics of accounting information.
8. A Ltd. imported from London one machinery for sale in India and other machinery for production
purpose. Will you treat them as goods or fixed assets?
9. What is the nature of accounting principles?
10. What will be the effect of the following on the Accounting Equation?
(i) Harish started business with cash ₹ 18,000
(ii) Purchased goods for Cash ₹ 5,000 and on credit ₹ 2,000
(iii) Sold goods for cash ₹ 4,000 (costing ₹ 2,400)
(iv) Rent paid ₹ 1,000 and rent outstanding ₹ 200
11. Prepare an Accounting Equation from the following:
(i) Started business with cash ₹ 1,00,000.
(ii) Purchased goods for cash ₹ 20,000 and on credit ₹ 30,000.
(iii) Sold goods for cash costing ₹ 10,000 and on credit costing ₹ 15,000 both at a profit
of 20%.
12. Raghunath had the following transactions in an accounting year:
(i) Commenced business with cash ₹ 50,000.
(ii) Paid into bank ₹ 10,000.
(iii) Purchased goods for cash ₹ 20,000 and credit ₹ 30,000.
(iv) Sold goods for cash ₹ 40,000 costing ₹ 30,000.
(v) Rent paid ₹ 500.
(vi) Rent outstanding ₹ 100.
(vii) Bought furniture ₹ 5,000 on credit.
(viii) Bought refrigerator for personal use ₹ 5,000.
(ix) Purchased motorcycle for cash ₹ 20,000.
Create an Accounting Equation to show the effect of the above and also show his Balance Sheet.
(SOLVE THE PART-I AND PART-II BOTH IN ACCOUNTANCY NOTEBOOK)
DWARKA INTERNATIONAL SCHOOL
HOLIDAY HOME WORK (2025-26)
CLASS XII
SUBJECT: ACCOUNTANCY (055)
Solve the following questions in Class work notebook:
1. Radha and Raman are partners in a firm sharing profits and losses in the ratio of 5:2. Capital
contributed by them is Rs. 50,000 and Rs. 20,000 respectively. Radha was given salary of Rs.
10,000 and Raman Rs. 7,000 per annum. Radha advanced loan of Rs. 20,000 to firm without any
agreement to rate of interest in deed while in deed rate of interest on capital was mentioned as 6%
p.a. Profits for the year are Rs. 29,400. Prepare Profit and Loss Appropriation Account for the year
ending 31st March 2015.
2. A and B are partners in business. Their capitals at the end of year were Rs. 48,000 & Rs. 36,000
respectively. During the year ended March 31st 2015 A’s Drawings and B’s drawings were Rs. 8,
000 & Rs. 12, 000 respectively. Profits before charging interest on capital during the year were Rs.
32, 000. Calculate Interest on partners’ capitals @ 10% p.a.
3. Manoj Sahil and Dipankar are partners in a firm sharing profit and losses equally.
The have omitted interest on Capital @ 10% per annum for there years ended on 31st March, 2015.
Their fixed Capital on which interest was to be calculated throughout were:
Manoj Rs. 3,00,000
Sahil Rs. 2,00,000
Dipankar Rs. 1,00,000
Give the necessary adusting journal entry with working notes.
4. A and B were partners in a firm sharing profits and losses in the ratio of 3:2. They admit C for 1/6th
share in profits and guaranteed that his share of profits will not be less then Rs. 25,000. Total profits
of the firm for the year ended 1st March, 2015 were Rs. 90,000. Calculate share of profits for each
partner when.
1. Guarantee is given by firm.
2. Guarantee is given by A
3. Guarantee is given by A and B equally.
5. A, B and C are partners sharing profits and losses in the ratio of 5:3:2. On 31st, March 2015 their
Balance sheet was as follows :
Liabilities (Rs.) Assets (Rs.)
Capital 18,000
Cash
A 36,000 14,000
Bill
B 44,000 1,32,00 44,000
Receivable
C 52,000 0 42,000
Stock
Creditors 64,000 94,000
Debtors
Bills Payable 32,000 20,000
Machinery
General 14,000
Goodwill
Reserve 2,32,00 2,32,00
0 0
They decided to admit D into the partnership on the following terms :
(i) Machinery is to be depreciated by 15%.
(ii) Stock is to be revalued at Rs. 48,000.
(iii) Outstanding rent is Rs. 1,900.
(iv) D is to bring Rs. 6,000 as goodwill and sufficient capital for a 2/5th share in the capitals of firm.
Prepare Revaluation A/c, Partner’s Capital A/cs, Cash A/c and Balance Sheet of the new firm.
6. Following is the Balance Sheet of A, B and C sharing profits and losses in the ratio of 6:5:3
respectively.
Liabilities (Rs.) Assets (Rs.)
Creditors 37,000 Cash 3,700
Bill payable 12,600 Debtors 52,920
General 21,000 Stock 58,800
reserve 70,000 Furniture 14,700
A’s capital 59,800 Land and 90,300
B’s capital 29,100 Building 10,500
C’s capital 2,31,00 Goodwill 2,31,00
0 0
They agreed to be take D into partnership giving 1/8th share in profits on the following terms:
(a) Furniture to be depreciated by Rs. 1,840 and Stock by 10%
(b) A provision of Rs. 2,640 to be made for an outstanding bill for repairs.
(c) That land and building be brought up to Rs. 1,19,700.
(d) That the goodwill is valued at Rs. 28,140.
(e) That D should bring in Rs. 35,400 as his capital and for his share of goodwill.
(f) After making the above adjustments the capital of old partners be adjusted in proportion to D’s
Capital by bringing in cash or excess to be paid off.
Prepare Revaluation Account, Capital Account of Partners and Balance Sheet of new firm.
7. A and B are parents in a firm sharing profits and losses in the ratio of 3:2. Their balance sheet was as
follows on 1st January, 2015 :
Liabilities (Rs.) Assets (Rs.)
15,000 30,000
Sundry Plant
Creditors Patents
10,000
Capital Stock
20,000
A 30,000 Debtor
55,000 18,000
B 25,000 s
10,000 2,000
General reserve Bank
80,000 80,000
C is admitted as a partner on the above date on the following terms :
(i) He will pay Rs. 10,000 as goodwill for one-fourth share in the profit of the firm.
(ii) The assets are to be valued as under :
Plant at Rs. 32,000; Stock at Rs. 18,000; Debtors at book figure a provision of 5 percent for bad
debts.
(iii) It was found that the creditors included a sum of Rs. 1,400 which was not be paid. But it was
also, found that there was a liability for compensation to workers amount in to Rs. 2,000.
(iv) C was to introduce Rs, 20,000 as capital and the capitals of other partners were to be adjusted in
the new profit sharing ratio for this purpose, current accounts were to be opened.
Prepare Revaluation Account, Capital Account and Balance Sheet after C’s admission.
8. Neha, Niharika, and Nitin are partners sharing profits and losses in the ratio of 2:3:4. They decided
to change their ratio and their new ratio is 4:3:2. They also decided to pass a single journal entry to
adjust the following without affecting their book values.
(Rs.)
Profit & Loss account80,000
General Reserve40,000
Advertisement Suspense A/c 30,000
You are required to give the single journal entry to adjust the above.
9. Vaishali, Vinod and Anjali are partners sharing profits in the ratio of 4:3:2. From April 1, 2015; they
decided to share the profits equally. On the date their book their books showed a credit balance of
Rs. 3,60,000 in the profit an loss account and a balance of Rs. 90,000 in the General reserve. Record
the journal entry for distribution of these profits and reseves.
10. Akansha, Chetna and Dipanshu are partners in a firm shring profits and losses in the ratio of 3:2:1.
They decide to lake jatin into partnership form January 1, 2015 for1/5 share in the future profits. For
this purpose, goodwill is to be valued at 2 times the average annual profits of the previous four
years. The average profits for the past four years were.
Year (Rs.)
2012 96,000
2013 60,600
2014 62,400
2015 84,400
Calculate the value of goodwill.
PROJECT WORK
- Students have to prepare one project on the Financial Statement Analysis of a Company
covering the following aspects:
o Accounting ratios
o Cash flow statements
-Ratio analysis: It compares the line-item data from a company’s financial statements to reveal
insights regarding profitability, liquidity, operational efficiency, and solvency.
-Cash flow analysis: This is done to examine the cash inflows and outflows of a company or a
business to determine the working capital of the company.
Consider the following companies for Ratio analysis, Cash flow analysis, and Segment
analysis:
Hindustan Unilever level (HUL)
Indian Tobacco Company (ITC)
Parle Agro-food
Reliance industries
Nykaa
TATA Industries
Bikanerwala
Asian paints
BHEL
SAIL
GAIL
Or any company of your own choice.
INSTRUCTIONS TO BE FOLLOWED:
1. Do not copy the project file from anywhere.
2. The statements must be of FY 2025-26 and 2024-25.
3. Avoid the long paragraphs or stories for an Accountancy project.
4. Make sure that you do a thorough research on the topic for easy execution of the project.
5. Use Coloured A4 SIZE ONE SIDED RULED SHEETS for the project work.
6. Project File should be neatly handwritten with page numbers.
7. Each step of the solution needs to be highlighted.
8. Conclusions drawn should be placed in boxes at the end.
The pages of an Accountancy Project File should be arranged in the following order:
1. Cover Page
2. Inner Title Page
3. Acknowledgement
4. Certificate by teacher
5. Index
6. Company Profile
7. Ratio, Ratio Analysis, uses, limitations, categories with meaning and names of different
ratios.
8. Problem, subject matter of project (as explained in class).
9. Printed Balance Sheet and statement of profit and loss of the company.
10. Analytical tools used, planning and execution.
11. Chart showing different ratios with formula and calculations.
12. Conclusion on the basis of these ratios individually or/and collectively.
13. Also show bar diagrams depicting these Ratios of previous year as well as current year.
14. Cash Flow Statement - Meaning, cash and cash equivalents, types of activities with meaning
and examples of each.
15. Printed cash flow statement.
16. Summary of cash flows (as explained in class).
17. Presentation in the form of bar diagrams.
18. Conclusion.
19. Bibliography
Use your own creativity to make your file the best. If you have any other tools, you may adjust
these pages accordingly.
