NIOS CLASS 12TH Accountancy (320) SOLVED TMA In English Medium PDF SESSION 2024-25

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Applicable for:

March/April & October/November 2025 Examinations

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Questions Covered in This PDF:

1. Answer any one of the following questions in about 40-60 words.

(a) Explain the role of an accountant in the society.

(b) ‘All business transactions must be in terms of money.’ In the light of this statement explain the meaning and significance of money measurement concept.

2. Answer any one of the following questions in about 40-60 words.

(a) Differentiate between Purchase Returns Book and Sales Return Book. Draw the format of both the books.

(b) ‘Agreement of Trial Balance is not the conclusive proof of the accuracy of accounts’.
Comment.

3. Answer any one of the following questions in about 40-60 words.

(a) How do limitations of financial statements become limitation of analysis of financial
statements.

(b) Explain the procedure of preparation of Reports using Pivot Table.

4. Answer any one of the following questions in about 100-150 words.

(a) Record the following transactions in the Bank column Cash Book of M/s Shree
Krishna for the month of January 2023.
Date Details (Rs.)
2023
January 01 Bank Balance
32,500
January 01 Cash Balance
12,300
January 03 Purchased Goods by cheque
5,300
January 08 Goods Sold for cash
9,500
January 10 Purchased Typewriter by Cheque
5,400
January 15 Sold Goods and received Cheque
7,900 (deposited on the same day)
January 17 Purchased Stationery by Cheque
1,000
January 20 Cash deposited into bank
10,000
January 22 Paid Cartage
500
January 24 Cheque given to Mudit
7,000
January 28 Rent paid by Cheque
3,000
January 30 Paid Salary

b) Make journal entries if 200, 9% debentures of ₹ 500 each have been issued as:
(i) Issued at ₹ 500, redeemable at ₹ 500
(ii) Issue at ₹ 450; redeemable at ₹ 500
(iii) Issued at ₹ 550; redeemable at ₹ 500
(iv) Issued at ₹ 500; redeemable at ₹ 550
(v) Issued at ₹ 450; redeemable at ₹ 550

5. Answer any one of the following questions in about 100-150 words.

(a) Naman and Asmeta started business with capital of ₹ 1,00,000 each on January 1,2023. their drawings during the year were ₹ 1,000 and ₹ 500 per month respectively. The interest on drawing was ₹ 200 and ₹ 100 respectively. They are allowed interest on capital at 8% p.a. Naman is allowed a salary of ₹ 2,000 per month. They earned a profit of ₹ 94,000 before interest and salary. They share profit is the ratio of 2.1. Prepare Profit and Loss Appropriation Account for the year ended March 31, 2013 and Capital accounts of partners.

(b) Ask your parents about the date of various fixed assets purchased by them like T.V., Fridge, Motorcycle, Car etc., with its useful life and then calculate the amount of depreciation to be charged on each asset.

6. Prepare any one project out of the given below.

(a) You know that businessman generally visit their banks to get updated position regarding their bank account. Visit any bank and enquire from the bank officer what discrepencies generally they notice in the items. They have recorded or not recorded the items or not recorded by their customers. Make a list of the discrepencies and show the effect on the bank balance.

b) Your parents from their regular income make some savings for the known or unknown expenses/liability to meet out in future. Prepare a list of past three months savings with reasons and differentiate them in reserves or provisions keeping in view the principles of the same.

NOTE- You will get the answers of all these questions after purchasing the PDF.

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• Submission deadline:

- 31 January 2025 (For March/April Exam)

- 31 August 2025 (For October/November Exam)

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