Screenshot 2023-08-08 at 4.01.53 PM

Fahaheel Al-Watanieh Indian Private School
(DPS, Kuwait)
Summer Holidays Home Work
Class 12-H
Session – 2023-24
Page: 1
Index
Contents Page No.

1. English 3
2. Accountancy 5
3. Business Studies 36
4. Economics 51
5. Psychology 59
6. Web Applications 62
7. Physical Education 63
Page: 2
ENGLISH CORE
____________________________________________________________________________________
General Instructions :
● Holiday Homework involves 2 categories :-
✔ Art Integrated Project work
✔ Question/answers based on Literature chapters
● Completion and submission of both categories is compulsory.
● It will be considered for Term 2 Internal Assessments.
● Specific guidelines for each is given below.
● Last date for submission of homework is 31st August, 2023.
A.. Art Integrated Project (Group Activity)- 10 marks

● Each section is divided into groups of 4-6 students per group.
● The project will be based on the chapter from Flamingo – THE LAST LESSON &
Vistas- THE ENEMY
● The objective is to bring out the character traits of M. Hamel & Dr. Sadao, with reference
to their professional ethics, feelings of patriotism/ sense of national loyalty and courage
& integrity.
● The content can be integrated with Art and any other subject. .
● Method to be used
✔ Each group can make 5 to 7 slides with relevant write –up outlining the
following details –i) Setting / Location ii) Historical Importance iii) Tradition
& Culture iv) persona of protagonists etc
✔ Students can draw relevant pictures or get a printout and paste them on A4 size
sheets and write about the pictures
✔ Impromptu narration/ Role play based on the relevant slides .
✔ Students should submit a hard copy of the PPT . Submitted work should be neat
and original; not copied from any other group.
● Details of the project

✔ Should have an attractive cover page with relevant details such as the name of the
topic covered , class & sec , subjects integrated etc
✔ Last page should carry the names of group members and their contribution
Page: 3
B Text based question and answers (Individual Work)
FORMAT:
● Should be written in separate sheets of paper and submitted in the form of a folder.
● The face page should include the title, name , class/sec and date of submission
● Answers should be written in the same order as given in the Question paper
I FLAMINGO/ VISTAS
Answer the following questions in 125 to0 150 words
1. What are Phytoplankton? How are they important to our ecosystem?
2. What is the significance of the title “ Journey to the End of the Earth’?
3. What impact has human civiisation had on our environment?
4. What explains the attitude of the General in the matter of the enemy soldier? Was it
human consideration, lack of national loyalty, dereliction of duty or simply self
absorption?(The Enemy)
Answer the following questions briefly ( 40-50 words)
5. Antarctica is unlike any other place on Earth . Justify the statement.
6. Based on the chapter, elucidate any three consequences that global warming will
have on Antarctica.
7. What happened to Gondwana 650 million years ago?
8. Why was the author spell bound on reaching Antarctica ?
9. How will Antarctica play an important role in the survival of the world?
10. What is the ‘sadness’ that the poet refers to in the poem?(Keeping Quiet)
II WRITING SKILLS
May/June Assignment – Questions c, d, e & k(Report Writing)

****************************************************8*************************************
**********************************************************************
Page: 4
ACCOUNTANCY
General Instructions:
1. Assignment & Case based Questions for
 Fundamentals of Partnership
 Goodwill valuation
 Change in Profit Sharing Ratio Among Existing Partners
 All Questions Should be Solved in a Separate Register
 Solve first term Question paper & Assignments also
 Last date for submission is 9th September, 2023
Partnership Accounts
Q1 Read the following case and answer the given questions:

Sudha and Mugdha were partners in a Tailoring business sharing profits and losses in ratio 3:2. They
sold various dresses across the counter and organized exhibitions too. Their initial fixed capital
contribution was ₹ 60,000 and ₹ 40,000 respectively.
At the end of first year their profit was ₹ 60,000 before allowing the remuneration of ₹ 1,500 per
quarter to Sudha and ₹ 1,000 per half year to Mugdha. Such a promising performance for first year
was encouraging; therefore, they decided to expand the area of operations.
For this purpose, they needed a few more shops, sewing machines and two additional persons to
support. Six months into the accounting year they decided to admit Soma as a new partner and offered
her 20% as a share of profits along with monthly remuneration of ₹ 1,000. Soma was asked to
introduce ₹ 65,000 for capital and necessary amount for her share of goodwill. Besides this Soma was
required to provide ₹ 50,000 as loan for two years.
Soma readily accepted the offer. The terms of the offer were duly executed and she was admitted as a
partner.
1. Remuneration will be transferred to of Sudha and Mugdha at the end of the accounting
period.
(a) Capital account.
(b) Loan account.
(c) Current account.
(d) None of the above.
2. Upon the admission of Soma the sacrifice for providing his share of profits would be done:
(a) by Sudha only.

(b) by Mugdha only.
(c) by Sudha and Mugdha equally.
(d) by Sudha and Mugdha in the ratio of 3:2.
Page: 5
3. The amount of goodwill brought by Soma is ____________.
4. For the amount of loan that Soma has agreed to provide, she is entitled to receive interest thereon at
the rate of ____________.
Q2 Sunny and Manni were partners sharing profits in the ratio of 2:1. On 1st October 2020, they admitted
Ginni for 1/4th share in future profits with guaranteed profit of ₹ 50,000 per annum. Ginni brought ₹
3,00,000 as capital. The total goodwill on Ginni’s admission was valued at ₹ 2,40,000. Ginni failed to
bring her share of goodwill.
A loan of ₹ 50,000 was given by the firm to Manni on 30th September 2020 at an interest of 10% which
was not charged till the end of the year. Sunny had given a loan of ₹ 1,00,000 to the firm on 1st October
2020 on which no interest was allowed by the firm. Sunny is demanding an interest of 10% p.a. There is
a conflict among the partners on how much interest is to be allowed to Sunny.
The partners decided to share future profits as 5:4:3. The capitals of Sunny and Manni in the beginning of
the year were 6,00,000 and 5,00,000 respectively. Interest on capital @ 5% was to be allowed and
interest on drawings was to be charged @ 8%. Their drawings during the year were ₹ 60,000 and ₹
40,000 respectively. The profit before making any adjustment in respect of interest on loan charged and
allowed, interest on capital and drawings was ₹ 1,50,000.
The partners want to know the distribution of profits and their capital balances at the end of the year
2020-21. They approached their accountant and asked certain questions. You imagine you₹elf as their
accountant and answer the following questions:
1. Which account must be prepared to know the distribution of profits among partners?
2. The amount of interest on drawings to be charged from Sunny and Manni will be-
(a) ₹ 4,800 and ₹ 3,200 respectively
(b) ₹ 2,400 and ₹ 1,600 respectively
(c) ₹ 3,600 and ₹ 2,400 respectively
(d) ₹ 3,000 and ₹ 2,000 respectively
3. The amount of interest on loan allowed to Sunny will be-

(a) ₹ 10,000
(b) ₹ 5,000
(c) ₹ 3,000
(d) ₹ 6,000
4. The amount of divisible profits for the year ending 31st March 2021 will be _______________.
Page: 6
5. The entry for recording Ginni’s share of goodwill will be:
Date Particulars LF Dr. Amt (₹) Cr Amt (₹)

(a) Premium for goodwill a/c dr. 60,000
To Sunny’s Capital a/c 40,000
To Manni’s Capital a/c 20,000
(b) Ginni’s current a/c dr. 2,40,000
To Sunny’s Capital a/c 2,40,000
(c) Premium for goodwill a/c dr. 60,000
(d) Ginni’s Current a/c dr. 60,000
HOLIDAY HOMEWORK CLASS 12
Chapter 1 : Fundamentals of Partnership
1. Sirya and Riya are partners sharing profits and losses in the ratio 4 : 1. Mariya was manager who
received the salary of ₹4,000 p.m. in addition to a commission of 5% on net profits after charging such
commission. Profit for the year is ₹ 6,78,000 before charging salary. Find the total remuneration of
Mariya.
(A)₹ 78,000
(B) ₹88,000
(C) ₹87,000
(D) ₹ 76,000
Q2. In a partnership firm, partner A is entitled a monthly salary of ₹ 7,500. At the end of the year, firm
earned a profit of ₹ 75,000 after charging T‘s salary. If the manager is entitled a commission of 10% on the
net profit after charging his commission, Manager‘s commission will be:
(A)₹ 7,5000
(B) ₹ 16,500
(C) ₹ 8,250
(D) ₹ 15,000
Q3. A, B and C are partners sharing profits and losses equally. Their capital balances on March, 31, 2012 are ₹
80,000, ₹ 60,000 and ₹ ₹40,000 respectively. Their personal assets are worth as follows : A— ₹ 20,000,
B— ₹ ₹15,000 and C — ₹ 10,000. The extent of their liability in the firm would be :
(A) A — ₹ 80,000 : B — ₹ 60,000 : and C —₹ 40,000
(B) A — ₹ 20,000 : B — ₹ 15,000 : and C — ₹ 10,000
(C) A — ₹ 1,00,000 : B — ₹ 75,000 : and C — ₹ ₹50,000
Page: 7
(D) Equal
Q4. X and Y are partner in a partnership firm without any agreement. A has withdrawn? ₹
50,000 out of his Capital as drawings. Interest on drawings may be charged from A by the firm:
(A) @ 5% Per Annum
(B) @ 6% Per Annum
(C) @ 6% Per Month
(D) No interest can be charged
Q5. A and B are partner in a partnership firm without any agreement. A devotes more time for the firm as
compare to B. A will get the following commission in addition to profit in the firm‘s profit:
(A) 6% of profit
(B) 4% of profit
(C) 5% of profit
(D) None of the above
Q6. Following are essential elements of a partnership firm except:

(A) At least two persons
(B) There is an agreement between all partner
(C) Equal share of profits and losses
(D) Partnership agreement is for some business.
Q7. Features of a partnership firm are

(A) Two or more persons are carrying common business under an agreement.
(B) They are sharing profits and losses in the fixed ratio.
(C) Business is carried by all or any of them acting tor all as an agent.
(D) All of the above
Q8. Which of the following statement is true?
(A)a minor cannot be admitted as a partner
(B)a minor can be admitted as a partner, only into the benefits of the partne₹hip
(C)a minor can be admitted as a partner but his rights and liabilities are same of adult partner
(D)none of the above
Q9. In case of partnership the act of any partner is :
(A) Binding on all partners
(B) Binding on that partner only
(C) Binding on all partners except that particular partner
(D) None of the above.
Q10. Ostensible
partners are those who
(A) do not contribute any capital but get some share of profit for lending their name to the business
(B) contribute very less capital but get equal profit
(C) do not contribute any capital and without having any interest in the business, lend their name to the
Page: 8
business
(D) contribute maximum capital of the business.
Q11. Sleeping partners are those who
(A) take active part in the conduct of the business but provide no capital. However, salary is paid to them.
(B) do not take any part in the conduct of the business but provide capital and share profits and losses in the
agreed ratio
(C) take active part in the conduct of the business but provide no capital. However, share profits and losses in
the agreed ratio.
(D) do not take any part in the conduct of the business and contribute no capital. However, share profits
and losses in the agreed ratio.
Q12. The relation of partner with the firm is that of:

(A) An Owner
(B) An Agent
(C) An Owner and an Agent
(D) Manager
Q13. What should be the minimum number of persons to form a Partnership:

(A) 2
(B) 7
(C) 10
(D) 20
Q14. Number of partners in a partnership firm may be:

(A) Maximum Two
(B) Maximum Ten
(C) Maximum One Hundred
(D) Maximum Fifty
Q15, Liability of partner is:

(A) Limited
(B) Unlimited
(C) Determined by Court
(D) Determined by Partnership Act
Q16. Which one of the following is NOT an essential feature of a partnership?

(A) There must be an agreement
(B) There must be a business
(C) The business must be carried on for profits
(D) The business must be carried on by all the partner
Page: 9
Q17. Every partner is bound to attend diligently to his in the
conduct of the business.
(A) Rights
(B) Meetings
(C) Capital
(D) Duties
Q18. Forming a Partnership Deed is:

(A) Mandatory
(B) Mandatory in Writing
(C) Not Mandatory
(D) none of the above
Q19. Partnership Deed is also called.

(A) Prospectus
(B) Articles of Association
(C) Principles of Partnership
(D) Articles of Partnership
Q20. Which of the following is not incorporated in the Partnership Act?

(A) profit and loss are to be shared equally
(B) no interest is to be charged on capital
(C) all loans are to be charged interest @6% p.a.
(D) all drawings are to be charged interest
Q21. When is the Partnership Act enforced?

(A) when there is no partnership deed
(B) where there is a partnership deed but there are differences of opinion between the partners
(C) when capital contribution by the partners varies
(D) when the partner‘s salary and interest on capital are not incorporated in the partnership deed
Q22. In the absence of Partnership Deed, the interest is allowed on partner‘s capital:
(A) @ 6% p.a.
(B) @ 5% p.a.
(C) @ 12% p.a.
Page: 10
(D) No interest is allowed
Q23. In the absence of a partnership deed, the allowable rate of interest on partner‘s loan account will be :
a) 6% Simple Interest
b) 6% p.a. Simple Interest
c) 12% Simple Interest
d) 12%Compounded
Q24. A and B are partners in partnership firm without any agreement. A has given a loan of ₹ 50,000 to the
firm. At the end of year loss was incurred in the business. Following interest may be paid to A by the firm:
(A) @5% Per Annum
(B) @ 6% Per Annum
(C) @ 6% Per Month
(D) As there is a loss in the business, interest can‘t be paid ANS: B
Q25. In the absence of partnership deed, the following rule will apply:
No interest on capital
(A)
(B)Profit sharing in capital ratio
(C)Profit based salary to working partner
(D)9% p.a. interest on drawings
Q26. In the absence of agreement, partners are not entitled to:
(A) Salary
(B) Commission
(C) Equal share in profit
(D) Both (a) and (b)
27. Interest on capital will be paid to the partners if provided for in the partnership deed but
only out of:
(A) Profits
(B) Reserves
(C) Accumulated Profits
(D) Goodwill
Q28. Which one of the following items cannot be recorded in the profit and loss appropriation account?
(A) Interest on capital
(B) Interest on drawings
(C) Rent paid to partners
(D) Partner‘s salary
Page: 11
Q29. If any loan or advance is provided by partner then, balance of such Loan Account should be transferred
to:
a) B/S Assets side
b) B/S Liability Side
c) Partner‘s Capital A/c
d) Partner Current
Q30. A, B and C were Partners with capitals of ₹ 50,000; ₹ 40,000 and ₹ 30,000 respectively carrying on
business in partnership. The firm‘s reported profit for the year was ₹ 80,000. As per provision of the Indian
Partnership Act, 1932, find out the share of each partner in the above amount after taking into account that no
interest has been provided on an advance by A of ₹ 20,000 in addition to his capital contribution.
A. ₹ 26,267 for Partner B and C and ₹ 27,466 for Partner A.
B. ₹ 26,667 each partner.
(C) ₹ 33,333 for A ₹ 26,667 for B and ₹ 20,000 for C.
(D) ₹30,000 each partner.
Q31. A, B, and C are partners in a firm. At the time of division of profit for the year, there was dispute
between the partners. .Profit before interest on partner‘s capital was ₹ 6,000 and Y determined interest @
24% p.a. on his loan of ₹ 80,000. There was no agreement on this point. Calculate the amount payable to A,
B, and C respectively.
(A) ₹ 2,000 to each partner.
(B) Loss of ₹ 4,400 for A and C; Twill take ₹ 14,800.
(C) ₹ 400 for A, ₹ 5,200 for Land ₹ 400 for C.
(D) None of the above
Q32. X, Y, and Z are partners in a firm. At the time of division of profit for the year, there was dispute
between the partners. Profit before interest on partner‘s capital was ₹ 6,00,000 and Z demanded minimum
profit of ₹ 5,00,000 as his financial position was not good. However, there was no written agreement on this
point.
(A) Other partners will pay Z the minimum profit and will share the loss equally.
(B) Other partners will pay Z the minimum profit and will share the loss in capital ratio.
(C) X and Y will take ₹ 50,000 each and Z will take ₹ 5,00,000.
(D) ₹ 2,00,000 to each of the partners.
Q33. On 1st June 2019, a partner introduced in the firm additional capital ₹ 50,000. In the absence of
partnership deed, on 31st March 2020 he will receive interest:
(A) ₹ 3,000
(B) Zero
(C) ₹ 2,500
(D) ₹ 1,800
Q34. On 1st January 2020, a partner advanced a loan of ₹ 1,00,000 to the firm. In the absence of agreement,
interest on loan on 31st March 2021 will be:
(A) Nil
Page: 12
(B) ₹ 1,500
C) ₹ 3,000
(D) ₹ 6,000
Q35. A partner introduced additional capital of ₹30,000 and advanced a loan of ₹ 40,000 to the firm at the
beginning of the year. Partner will receive year‘s interest:
(A) ₹ 4,200
(B) ₹ 2,400
(C) Nil
(D) ₹ 1,800
Q36. In the absence of partnership deed, partners share profits or losses:
(A) In the ratio of their Capitals
(B) In the ratio decided by the court
(C) Equally
(D) In the ratio of time devoted
Q37. In the absence of Partnership Deed:

(A) Interest will not be charged on partner‘s drawings
(B) Interest will be charged @. 5% p.a. on partner‘s drawings
(C) Interest will be charged @ 6% p.a. on partner‘s drawings
(D) Interest will be charged @ 12% p.a. on partner‘s drawings
Q38. In the absence of express agreement, interest @ 6% p.a. is provided :

(A) On opening balance of partner‘s capital accounts
(B) On closing balance of partner‘s capital accounts
(C) On loan given by partners to the firm
(D) On opening balance of partner‘s current accounts ANS: C
Q39. Which of the following items are recorded in the Profit & Loss Appropriation Account of a partne₹hip
firm?
(A) Interest on Capital
(B) Salary to Partner
(C) Transfer to Reserve
(D) All of the above
Q40. Is rent paid to a partner appropriation of profits?

(A) It is appropriation of profit
(B) It is not appropriation of profit
(C) If partner‘s contribution as capital is maximum
Page: 13
(D) If partner is a working partner.
Q41. According to Profit and Loss Account, the net profit for the year is ₹ 1,50,000. The total interest on
partner‘s capital is ₹18,000 and interest on partner‘s drawings is ₹ 2,000. The net profit as per Profit and
Loss Appropriation Account will be:
(A)₹ 1,66,000
(B) ₹ 1,70,000
(C)₹ 1,30,000
(D) ₹ 1,34,000
Q42. According to Profit and Loss Account, the net profit for the year is ₹ 4,20,000. Salary of a partner is₹
5,000 per month and the commission of another partner is₹ 10,000. The interest on drawings of partne₹ is ₹
4,000. The net profit as per Profit and Loss Appropriation Account will be:
(A)₹ 3,54,000
(B)₹ 3,46,000
(C)₹ 4,09,000
(D)₹ 4,01,000
Q43. Anil and Bimal are partners. According to Profit and Loss Account, the net profit for the year is ₹
2,00,000. The total interest on partner‘s drawings is ₹ 1,000. Anil salary is ₹ 40,000 per year and Bimal. salary
is ₹ ₹3,000 per month. The net profit as per Profit and Loss Appropriation Account will be:
(A)₹ 1,23,000
(B) ₹ 1,25,000
(C)₹ 1,56,000
(D) ₹ 1,58,000
Q44. According to Profit and Loss Account, the net profit for the year is ₹ 1,40,000. The total interest on
partner‘s capital is ₹ 8,000 and a partner is to be allowed commission of ₹ 5,000. The total interest on
partner‘s drawings is ₹ 1,200. The net profit as per Profit and Loss Appropriation Account will be:
(A)₹ 1,28,200
(B) ₹ 1,44,200
(C)₹ 1,25,800
(D) ₹ 1,41,800
Q45. Sonam and Ankita are partners in a firm. Sonam capital is ₹ 70,000 and Ankita‘ Capital is ₹
Page: 14
50.000. Firm‘s profit is₹ 60,000. Ankita share in profit will be:
(A) ₹ 25,000
(B) ₹ 3 0,000
(C) ₹ 35,000
(D) ₹ 20,00
Q46. A, B and C are partners. A‘s capital is ₹ 3,00,000 and B‘s capital is ₹ 1,00,000. C has not invested any
amount as capital but he alone manages the whole business. C wants ₹ 30,000 p.a. as salary. Firm earned a
profit of ₹ 1,50,000. How much will be each partner‘s share of profit:
(A) A ₹ 60,000; B ₹ 60,000; C ₹ Nil
(B) A ₹ 90,000; B ₹ 30,000; C ₹ Nil
(C) A ₹ 40,000; B ₹ 40,000 and C ₹ 40,000
(D) A ₹ 50,000; B ₹ 50,000 and C ₹ 50,000
Q 47. Net profit of a firm is ₹ 49,500. Manager is entitled to a commission of 10% on profits before charging
his commission. Manager‘s Commission will be:
(A) ₹ 4,950
(B) ₹ 4,500
(C) ₹ 5,500
(D) ₹ 495
Q48. Net profit of a firm is ₹ 79,800. Manager is entitled to a commission of 5% of profits after charging his
commission. Manager‘s Commission will be:
(A) ₹ 4,200
(B) ₹ 380
(C) ₹ 3,990
(D) ₹ 3,800
Q49. Ram and Shyam are partner in the ratio of 3 : 2. Before profit distribution, ‗Ram is entitled to 5%
commission of the net profit (after charging such commission). Before charging commission, firm‘s profit
was ₹42,000. Shyam‘s share in profit will be:
(A)₹ 16,000
(B) ₹ 24,000
(C) ₹ 26,000
(D) ₹ 16,400
Q50. A, B and C are partner in the ratio of 5 : 3 : 2. Before B‘s salary of ₹ 17,000 firm‘s profit is
Page: 15
₹ 97,000. How much in total B will receive from the firm?
(A) ₹ 17,000
(B) ₹ 40,000
(C) ₹ 24,000
(D) ₹ 41,000
GOODWILL VALUATION & CHANGE IN PROFIT SHARING RATIO AMONG EXISTING
PARTNER
Multiple Choice Questions:

SOURCE BASED QUESTIONS
CASE STUDY 1
Read the following case study and answer the following-
Feelgood enterprise is a partnership business with Gyan, Manya and Sania as partners
engaged in trading business of Readymade Garments. They sharing profits and losses in the
ratio of 3: 2:1. They Sania wants to change profit sharing ratio rest of the partner agreed upon
and the new profit sharing ratio will be 1:1:1. For this purpose, goodwill is to be valued at two
year‘s purchase of the average profit of last four yea₹ which were as follows:
Year ending on 31st March 2017 ₹ 1,00,000 (Profit) Year
ending on 31st March 2018 ₹ 2,40,000 (Profit) Year
ending on 31st March 2019 ₹ 3,60,000 (Profit) Year
ending on 31st March 2020 ₹ 1,60,000 (Loss)
On 1st October, 2018 a Motor bike costing ₹ 60,000 was purchased and debited to travelling
expenses on which depreciation is to be charged @ 20% p.a. as per
written down value method.
1 What will be the Gaining ratio of Sania? a)
1/6
b) 1/3
c) 1/4
d) 1/12
2 What will be amount of Goodwill of firm? a) ₹
2,80,000
b) ₹ 2,66,667
c) ₹ 2,70,000
d) ₹ 3,25,000
3 Calculate the amount of motor car to be shown in Balance Sheet as on 31st March 2020?
a) ₹ 36,000
b) ₹ 48,000
c) ₹ 44,200
d) ₹ 43,200
Page: 16
4 What will be correct adjustment entry for Goodwill? ( d)
a) Sania‘s Capital A/c Dr. 45,000
To Gyan‘s Capital A/c 45,000
b) Manya‘s capital A/c Dr. 60,000

To Sania‘s Capital A/c 15,000
c) Manya‘s current A/c Dr. 60,000

d) Premium for Goodwill A/c Dr. 60,000
CASE STUDY 2
Amit and Kartik are partners sharing profits and losses equally. They decided to admit Saurabh
for an equal share in the profits. For this purpose, the goodwill of the firm was to be valued at four
yea₹‘ purchase of super profits.
The Balance Sheet of the firm on Saurabh‘s admission was as follows:
Liabilities Amount₹ Assets Amount₹
Capitals : Machinery 75,000

Amit 90,000 Furniture 15,000
Kartik 50,000 1,40,000 Stock 30,000
Reserve 20,000 Sundry Debtors 20,000
Loan 25,000 Cash 50,000
1,85,000 1,85,000
The normal rate of return is 12% per annum. Average profits of the firm for the last four yea₹
were ₹ 30,000.
1 What will be the capital employed of the firm?

Sundry Creditors 5,000
a) ₹ 1,40,000
b) ₹ 1,60,000
c) ₹ 1,85,000
d) ₹ 1,90,000
1,90,000 1,90,000
Page: 17
2 Find out the amount of Super Profit? a) ₹
11,000
b) ₹ 12,000
c) ₹ 11,200
d) ₹ 10,800
3 If partners want to write off the amount of reserve what will be journal entry?
a) Reserve A/c Dr. 20,000
To Amit‘ Capital A/c 6,666
To Kartik‘s Capital A/c 6,666
To Saurabh‘s Capital A/c 6,667
b) Reserve A/c Dr. 20,000
c) Saurabh‘s Capital A/c Dr. 20,000

d) Saurabh‘s Capital A/c Dr. 6,666
4 Find out Saurabh‘s Share of Goodwill?
a) ₹ 14,400
b) ₹ 43,200
c) ₹ 45,000
d) ₹ 15,000
CASE STUDY 3
Read the following case study and answer the following-
A and B are partners sharing profits in the ratio of 3:2 with effect from 1st April 2021, they
decided to share profits equally. Goodwill appeared in the book at ₹ 25000, As on 1st April,
2021 it was valued at ₹ 100000 they decided to carry goodwill in the books of the firm.
1 What is the gaining /sacrificing ratio of A and B?

a) 1:2 (sacrifice and gain)
b) 1:4(gain and sacrifice)
c) 1:1(gain and sacrifice)
d) 2:2(sacrifice and gain)
2 What amount of goodwill will be written off? a) ₹
25000
b) ₹ 100000
c) ₹ 125000
d) ₹ 75000
Page: 18
3 Which partner has to bring premium for goodwill?
a) A
b) B
c) Both A and B
d) None of the above
4 Which is the self-generated goodwill & purchased goodwill? a) ₹
25000 and ₹ 75000
b) ₹ 100000 and ₹ 25000
c) ₹ 25000 and ₹ 100000
d) ₹ 75000 and ₹ 125000
Assertion Reasoning Based Questions

1 Assertion: Weighted average profit method is considered better than the simple average profit
method.
Reasoning: Weighted average profit method assigns more weightage to the profits
of the latest year which is more likely to be earned in the future.
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
2 Assertion: Reserves and accumulated profits are credited to the capital accounts of all partne₹
in their old profit-sharing ratio
Reasoning: It has been set apart out of the profits earned in the period before change. If they
are not adjusted at present, they will get adjusted later in their new profit-sharing ratio which
will result in loss to the sacrificing partner and gain to the gaining partner.
a) Both (A) and (R) are true and (R) is the correct explanation of (A).
b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
c) (A) is true, but (R) is false
d) (A) is false, but (R) is true
3 Assertion: The change in profit sharing ratio amongst existing partne₹, should the assets and
liabilities be revalued
Reasoning: the profit or loss on revaluation should be credited or debited to the accounts of
the partne₹ in their old profit-sharing ratio.
Page: 19
4 Assertion: Goodwill is a fictitious Asset.
Reasoning: Fictitious assets do not have a value.it cannot be purchased or sold with any other
asset.
5 Assertion: Goodwill is an intangible asset since it has no physical existence and cannot be
seen or touched.
Reasoning: It is internally generated over a long period of time.
c) (A)is true, but (R) is false
d) (A)is false, but (R) is true
6 Assertion: In Super Profit Method, Goodwill is calculated on the basis of surplus

(excess) profits earned by a firm in comparison to average profits earned by other firms. If a
business has no anticipated excess earnings, it will have no goodwill.
Reasoning: Super Profit method is an extension of weightage average profit method
to find out Goodwill.
TRUE / FALSE TYPE QUESTION

1 Which of the following statement is false regarding Facto₹ affecting goodwill?
a) Location of the Business
b) Good industrial relations
c) Favorable Government regulations
d) Unstable political conditions
Page: 20
2
Which of the following statement is false regarding self-generated goodwill?
a) It is internally generated over a long period of time.
b) It is amortized (i.e. depreciated) over its useful economic life.
c) A true cost cannot be placed on this type of goodwill. Its valuation depends on the
subjective judgement of the value.
d) As per Accounting Standard 26 (Intangible Assets), it is not recorded in the books of
accounts because consideration in money or money‘s worth has not been paid for it.
3 Which of the following statement is false regarding Purchased Goodwill?

a) It arises on purchase of a business or any assets
b) As per Accounting Standard 26 (Intangible Assets), it is not recorded in the books of
accounts because consideration in money or money‘s worth has not been paid for it.
c) It is shown in the Balance Sheet as an asset.
d) It is amortized (i.e. depreciated) over its useful economic life.
MATCH THE FOLLOWING TYPE QUESTION
1 Identify the correct set for the following:

i) OLD RATIO – NEW RATIO A. Gaining Ratio
ii) Goodwill B. Fixed Assets
iii) General Reserve C. Credit Balance
iv) New Ratio-Old Ratio D. Sacrificing Ratio
(a) i) A, ii) B, iii) C, iv) D

(b) i) D, ii) B, iii) C, iv) A
(c) i) D, ii) C, iii) B, iv) A
(d) i) C, ii) B, iii) A, iv) D
2
Identify the correct set for the following:
i) Average Profit – Normal Profit A. Goodwill
ii) Super Profit- Average Profit B. Weighted Average Profit
iii) Average Profit * No. of Year Purchase C. Super Profit
iv) Product / Total weight D. Normal Profit
(a) i) A, ii) B, iii) C, iv) D

(b) i) C, ii) B, iii) D, iv) A
(c) i) C, ii) D, iii) A, iv) B
(d) i) C, ii) B, iii) A, iv) D
DIRECT QUESTIONS
Page: 21
1 The excess amount which the firm can get on selling its assets over and above the saleable value
of its assets is called:
(A) Surplus (B) Super profits
(C) Reserve (D) Goodwill
2 Total Capital employed in the firm is ₹ 8,00,000, reasonable rate of return is 15% and Profit
for the year is ₹ 12,00,000. The value of goodwill of the firm as per capitalization method
would be:
(A) ₹ 82,00,000 (B) ₹ 12,00,000
(C) ₹ 72,00,000 (D) ₹ 42,00,000
3 A firm earns ₹ 1,10,000. The normal rate of return is 10%. The assets of the firm amounted
to ₹ 11,00,000 and liabilities to ₹ 1,00,000. Value of goodwill by capitalisation of Average
Actual Profits will be:
(A) ₹ 2,00,000 (B) ₹ 10,000
(C) ₹ 5,000 (D) ₹ 1,00,000
4 A, B and Care partner sharing profits in the ratio of 1 : 2 : 3. On 1-4-2021 they decided to
share the profits equally. On the date there was a credit balance of ₹ 1,20,000 in their Profit
and Loss Account and a balance of ₹ 1,80,000 in General Reserve Account. Instead of
closing the General Reserve Account and Profit and Loss Account, it is decided to record an
adjustment entry for the same. In the necessary adjustment entry to give effect to the above
arrangement:
(A) Dr. A by ₹ 50,000; Cr. B by ₹ 50,000
(B) Cr. A by ₹ 50,000; Dr. B by ₹ 50,000
(C) Dr. A by ₹ 50,000; Cr. C by ₹ 50,000
(D) Cr. A by ₹ 50,000; Dr. C by ₹ 50,000
5 A, B and C are partners sharing profits in the ratio of 4 : 3 : 2 decided to share profits
equally. Goodwill of the firm is valued at ₹ 10,800. In adjusting entry for goodwill :
(A) A‘s Capital A/c Cr. by ₹ 4,800; B‘s Capital A/c Cr. by ₹ 3,600; C‘s Capital A/c Cr. by
₹ 2,400.
(B) A‘s Capital A/c Cr. by ₹ 3,600; B‘s Capital A/c Cr. by ₹ 3,600; C‘s Capital A/c Cr. by
₹ 3,600.
(C) A‘s Capital A/c Dr. by ₹ 1,200; C‘s Capital A/c Cr. by ₹ 1,200;
(D) A‘s Capital A/c Cr. by ₹ 1,200; C‘s Capital A/c Dr. by ₹ 1,200
Page: 22
6 P, Q and R were partners in a firm sharing profits in 5 : 3 : 2 ratio. They decided to share the
future profits in 2 : 3 : 5. For this purpose the goodwill of the firm was valued at
₹ 1,20,000. In adjustment entry for the treatment of goodwill due to change in the profit
sharing ratio :
(A) Cr. P by ₹ 24,000; Dr. R by ₹ 24,000
(B) Cr. P by ₹ 60,000; Dr. R by ₹ 60,000
(C) Cr. P by ₹ 36,000; Dr. R by ₹ 36,000
(D) Dr. P by ₹ 36,000; Cr. R by ₹ 36,000
7 A, B and C were partners sharing profits and losses in the ratio of 7 : 3 : 2. From 1st April,
2019 they decided to share profits and losses in the ratio of 8:4:3. Goodwill is ₹ 1,20,000.
In Adjustment entry for goodwill:
(A) Cr. A by ₹ 6,000; Dr. B by ₹ 2,000; Dr. C by ₹ 4,000
(B) Dr. A by ₹ 6,000; Cr. B by ₹ 2,000; Cr. C by ₹ 4000
(C) Cr. A by ₹ 6,000; Dr. B by ₹ 4,000; Dr. C by ₹ 2,000
(D) Dr. A by ₹ 6,000; Cr. B by ₹ 4,000; Cr. C by ₹ 2,000
8 Aran and Varan are partners sharing profits in the ratio of 4:3. Their Balance Sheet showed
a balance of ₹ 56,000 in the General Reserve Account and a debit balance of ₹ 14,000 in
Profit and Loss Account. They now decided to share the future profits equally. Instead of
closing the General Reserve Account and Profit and Loss Account, it is decided to pass an
adjustment entry for the same. In adjustment entry :
(A) Dr. Aran by ₹ 3,000; Cr. Varan by ₹ 3,000
(B) Dr. Aran by ₹ 5,000; Cr. Varan by ₹ 5,000
(C) Cr. Aran by ₹ 5,000; Dr. Varan by ₹ 5,000
(D) Cr. Aran by ₹ 3,000; Dr. Varan by ₹ 3,000
9 A, B and C are partners in a firm sharing profits in the ratio of 3 : 4 : 1. They decided to
share profits equally w.e.f. 1st April, 2019. On that date the Profit and Loss Account showed
the credit balance of ₹ 96,000. Instead of closing the Profit and Loss Account, it was decided
to record an adjustment entry reflecting the change in profit sharing ratio.In the Journal
Entry
(A) Dr. A by ₹ 4,000; Dr. B by ₹ 16,000; Cr. C by ₹ 20,000
(B) Cr. A by ₹ 4,000; Cr. B by ₹ 16,000; Dr. C by ₹ 20,000
(C) Cr. A by ₹ 16,000; Cr. B by ₹ 4,000; Dr. C by ₹ 20,000
(D) Dr. A by ₹ 16,000; Dr. B by ₹ 4,000; Cr. C by ₹ 20,000
Page: 23
10 X, Y and Z are partners in a firm sharing profits in the ratio 4 : 3 : 2. Their Balance Sheet
as at 31-3-2019 showed a debit balance of Profit & Loss A/c ₹ 1,80,000. From 1-4-2019
they will share profits equally. In the necessary journal entry to give effect to the above
arrangement when A Y and Z decided not to close the Profit & Loss Account:
(A) Dr. X by ₹ 20,000; Cr. Z by ₹ 20,000
(B) Cr. X by ₹ 20,000; Dr. Z by ₹ 20,000
(C) Dr. X by ₹ 40,000; Cr. Z by ₹ 40,000
(D) Cr. X by ₹ 40,000; Dr. Z by ₹ 40,000
AMISSION OF PARTNER
Multiple Choice Questions

1. A new partner may be admitted into a partnership :
(A) With the consent of any one partner
(B) With the consent of majority of partners
(C) With the consent of all old partners
(D) With the consent of 2/3rd of old partners
2. X and Y are partners sharing profit in the ratio of 3 : 2. Z was admitted with 1/4 share in profits which
he acquires equally from X and Y. The new ratio will be:
(A) 9 : 6 : 5
(B) 19 : 11 : 10
(C) 3 : 3 : 2
(D) 3 : 2 : 4
3. A and B are partners sharing profits and losses in the ratio of 7 : 5. They agree to admit C, their manager,
into partnership who is to get 1/6th share in the profits. He acquires this share as 1/24th from A and
1/8th from B, The new profit sharing ratio will be:
(A) 13 : 7 : 4
(B) 7 : 13 : 4
(C) 7 : 5 : 6
(D) 5 : 7 : 6
4. A and B are partners sharing profits in the ratio of 5 : 3. A surrender 14th of his share and B surrender
15 of his share in favor of C, a new partner. What is the sacrificing ratio?
(A) 4 : 5
(B) 5 : 4
(C) 12 : 25
(D) 25 :12
Page: 24
5. Partners A, B and C share the profits of a business in the ratio of 3 : 2 : 1 respectively. They admit D
who brings in ₹60,000 for his share of goodwill. A, B, C and D decide to share the profits respectively
in the ratio of 5 : 3 : 2 : 2. Credit will be given to:
(A) A ₹ 6,000; B ₹ 6,000
(B) A ₹ 30,000; B ₹ 18,000; C ₹ 12,000
(C) A ₹ 30,000; B ₹ 20,000; C ₹ 10,000
(D) A ₹ 30,000; B ₹ 30,000
6. X and Y are partners in a firm sharing profits in the ratio of 5 : 3. They admitted Z as a new partner.
The new profit sharing ratio will be 4 : 3 : 2. The firm‘s goodwill on Z‘s admission was valued at ₹
1,26,000. But Z could not bring any amount of goodwill in Cash. Credit will be given to:
(A) X ₹ 17,500; Y ₹ 10,500
(B) X ₹ 16,000; Y ₹ 12,000
(C) X ₹ 22,750; Y ₹ 5,250
(D) A ₹ 1,02,375; Y ₹ 23,625
7. When a new partner does not bring his share of goodwill in cash, the amount is debited to:
(A) Cash A/c
(B) Premium A/c
(C) Current A/c of the new partner
(D) Capital A/c of the old partners
8. When the balance sheet is prepared after the new partnership agreement, the assets and liabilities are
recorded at:
(A) Historical cost
(B) Current cost
(C) Realizable value
(D) Revalued figures
9. Revaluation Account or Profit and Loss Adjustment A/c is a

(A) Real Account
(B) Personal Account
(C) Nominal Account
(D) Asset Account
10. A and B are partners sharing profits in the ratio of 2 : 3. Their Balance Sheet shows Machinery at ₹
2,00,000; Stock at ₹ 80,000 and Debtors at ₹ 1,60,000. C is admitted and new profit sharing ratio is
agreed at 6 : 9 : 5. Machinery is revalued at ₹ 1,40,000 and a provision is made for doubtful debts @
5%. A‘s share in loss on revaluation amount to ₹ 20,000. Revalued value of Stock will be:
(A) ₹ 62,000
(B) ₹ 1,00,000
(C) ₹ 60,000
D) ₹ 98,000
Page: 25
11 Sacrificing ratio is used to distribute in case of admission of a partner:
(A) Reserves
(B) Goodwill
(C) Revaluation Profit
(D) Balance in Profit and Loss Account
12. A and B are partners of a partnership firm sharing profits in the ratio of 3 : 2 respectively. C was
admitted for 1/5th share of profit. Machinery would be appreciated by 10% (book value ₹ 80,000) and
building would be depreciated by 20% (₹ 2,00,000). Unrecorded debtors of ₹ 1,250 would be
brought into books now and a creditor amounting to ₹ 2,750 died and need not pay anything on this
account. What will be profit/loss on revaluation?
(A) Loss ₹ 28.000
(B) Loss ₹ 40,000
(C) Profits₹ 28,000
(D) Profits₹ 40,000
13. A and B are in partnership sharing profits in the ratio of 3 : 2. They take C as a new partner. Goodwill
of the firm is valued at ₹ 3,00,000 and C brings ₹ 30,000 as his share of goodwill in cash which is
entirely credited to the Capital Account of A. New profit sharing ratio will be:
(A) 3 : 2 : 1
(B) 6 : 3 : 1
(C) 5 : 4 : 1
(D) 4 : 5 : 1
14. On the admission of a new partner:

(A) Old firm is dissolved
(B) Old partnership is dissolved
(C) Both old partnership and firm are dissolved
(D) Neither partnership nor firm is dissolved
15. If at the time of admission, some profit and loss account balance appea₹ in the books, it will be
transferred to:
(A) Profit & Loss Adjustment Account
(B) All partners‘ Capital Accounts
(C) Old partners‘ Capital Accounts
(D) Revaluation Account
Page: 26
Case Study Base Questions
(On the basis of Case study 1, answer questions 16-20 and on basis of Case Study 2, answer questions 21-
25.)
Case Study 1: Murari and Vohra were partner with capitals of ₹ 1,20,000 and ₹ 1,60,000 respectively. On
1st April, 2010 they admitted Yadav as a partner for one forth share in profit. Yadav brings his capital ₹
2,00,000 and Goodwill for 1/4th share in cash. Goodwill of the firm is valued at ₹ 3,60,000 on admission of
Yadav. On that date the creditors of Murari and Vohra were ₹ 60,000 and Bank Overdraft was ₹ 15,000. Their
assets apart from cash included Stock ₹ 10,000; Debtors ₹ 40,000; Plant ₹ 80,000 and Building ₹
2,00,000.
It was agreed that Stock should be depreciated by ₹ 2,000; Plant to 80%; ₹ 5000 should be written off as
Bad Debts; A Provision for Bad Debt is to be kept at 5% of Debtors. Building should be appreciated by
25%.
16. What would be the new profit sharing ratio after Yadav‘s admission?
(A) 1:1:1
(B) 3:4:2
(C) 3:4:5
(D) 3:3:2
17. Yadav would bring ₹ ....................................... as his share of goodwill.

(A) 3,60,000
(B) 90,000
(C) 50,000
(D) 80,000
18. What would be the amount of cash balance in firm before admission of Yadav? (A) ₹
25,000
(B) ₹ 1,00,000
(C)₹ 3,55,000
(D) ₹ 75,000
19. The amount Provision for Bad Debts would be ₹ ……………………

(A) 2,000
(B) 1,250
(C) 1,750
(D) 5,000
Page: 27
20. Which of the following right/rights Yadav would get after admission?
(A) Right to admission
(B) Right to share future profits
(C) Right to share assets
(D) Both B and C
Case Study 2: A and B are partners in a firm. Their Balance Sheet as at 31st March 2021 was:
Liabilities Amount Assets Amount
Workmen Compensation 5,400 Cash 10,000
Reserve Debtors 80,000
Outstanding Expenses 3,200 Less: Pro. for Bad Debts 4,000 76,000
Creditors 30,000 Stock 20,000
A‘s Capital 50,000 Machine 38,600
B‘s Capital 60,000 Profit and Loss A/c 4,000
1,48,000 1,48,000
On 1st April 2021, they admitted C as a new partner on the following conditions:
(i) C will bring ₹ 40,000 as capital but unable to bring his share of goodwill in cash.
(ii) The New profit sharing ratio between A, B and C will be 3:2:1.
(iii) Claim towards workmen compensation is ₹ 3,000.
(iv) Bad Debts amounting ₹ 6,000 are to be written off.
(v) Creditors are to be paid ₹ 2,000 more.
(vi) ₹ 2,000 are to be provided for an unrecorded liability for damage.
(vii) Outstanding expenses be brought down to ₹ 1,200.
(viii) Shikha, an old customer whose account was written off as bad debts has promised to pay ₹
2,500.
(ix) Goodwill of the firm is valued at ₹ 18,000.
21. Sacrificing Ratio of A and B will be:

(A) 1:1
(B) 3:2
(C) Only B sacrifices 1/6
(D) Only A sacrifices 2/6
22. For C‘s share of goodwill …………………………… A/c will be debited with ₹ ………………….
(A) C‘s Current; 3,000
(B) C‘s Capital A/c; 18,000
(C) B‘s Current A/c; 3,000
(D) A‘ Capital A/c; 3,000
23. Which of the following is correct treatment:
Page: 28
(A) Workmen Compensation Fund…………… Dr 5,400
To A‘s Capital A/c 2,700
To B‘s Capital A/c 2,700
(B) Workmen Compensation Fund…………… Dr 5,400
To C‘s Capital A/c 900
(C) Workmen Compensation Fund…………… Dr 2,400
(D) Workmen Compensation Fund…………… Dr 5,400
To A‘s Current A/c 2,700
To B‘s Current A/c 2,700
24. What entry will be passed for Shikha, an old customer whose account was written off as bad debts has
promised to pay ₹.2,500:
(A) Shikha … Dr 2,500

To Revaluation A/c 2,500
(B) Revaluation A/c … Dr 2,500
To Bad Debts Recovered A/c 2,500
(C) Cash A/c … Dr 2,500
To Bad Debts Recovered A/c 2,500
(D) No entry will be passed.
25. Balance of Profit and Loss A/c will be :

(A) Debited to A and B in old ratio.
(B) Credited to A and B in old ratio,
(C) Debited to A and B in their new ratio
(D) Credited to A B and C in new ratio.
Assertion – Reasoning Based Questions

26. Assertion (A): The ratio in which old partners sacrifice their share of profit in favour of new partner is
called ‗Sacrificing Ratio.‘
Reason (R): Old partners get goodwill share from new partner in sacrificing ratio.
(A) Both Assertion (A) and Reason(R) are true and Reason(R) is correct explanation of Assertion
(A).
(B) Both Assertion (A) and Reason(R) are true and Reason(R) is not correct explanation of Assertion
(A).
(C) Assertion (A) is true, but Reason (R) is false.
(D) Assertion (A) is false, but Reason (R) is true.
27. Assertion (A): At the time of admission of a new partner Balance of General Reserve is transferred to
Old Partners‘ Capital A/c in old ratio.
Page: 29
Reason (R): General Reserve appearing in Balance Sheet is created out of past profits.
(A).
(A).
28. Assertion (A): New partner always bring his share of goodwill in cash.
Reason (R): New partner brings goodwill against the sacrifice made by old partners for his share of Profit.
(A).
(A).
29. Assertion (A): At admission existing goodwill is written off by debiting to old partners capital A/c
Reason (R): Goodwill is an intangible and fictitious asset.
(A).
(A).
30. Assertion (A): At the time of admission of a new partner surplus of Investment Fluctuation Reserve over
loss in value of Investment is transferred to Old Partner’s Capital A/c in old ratio.
Reason (R): Loss in value of Investment, if any, is adjusted first from Investment Fluctuation
Reserve.
(A).
(B) Both Assertion (A) and Reason(R) are true and Reason(R) is not correct explanation of
Assertion(A).
Page: 30
Admission of a Partner
1. Meenu and Veenu are partners in a firm sharing profit equally. They admit Tinu into the firm. Tinu
pays ₹.20, 000 as premium. New ratio between the partners 1:5:2. Journalize .
2. The Balance Sheet of Appu and Pappu sharing profits in ratio of 2:1 as on 31st December 2020 is as
following :
Liabilities ₹ Assets ₹.
Appu’s Capital 40,000 Property 20,000
Pappu’s Captial 30,000 Furniture 6,000
General Reserve 24,000 Investment 10,000
Workmen Compensation Fund 9,000 Debtors 60,000
Bills Payable 7,000
Cash 18,000
1,26,000 1,26,000
Kappu was admitted into partnership as per following terms: -
(a) He will bring ₹.25, 000 as capital and ₹12,000 for his share of goodwill.
(b) He will get 1/4th share in profits.
(c) 50 % of the General Reserve will be treated as provision for doubtful debts.
(d) Appu and Pappu decided to take over all the investments equally at a discount of 6 %.
(e) Furniture is to be depreciated by 5 %.
(f) Stock was revalued at ₹.10, 500.
Prepare Revaluation A/c; Capital A/cs of partne₹ and Balance Sheet of new firm.
(Loss on revluation 2400, capital appu 53,700, Paapu 35,500, Kappu25,000 , Balance sheet 1,39,200)
3. L & M are partners sharing Profits & Losses in the ratio 4:3. They admit N for 2/7th share in profits.
Goodwill appears in the books of the firm at ₹. 1050. N paid ₹. 2000 for his share of goodwill. New
profit sharing ratio is 3:2:2. Pass journal entries.
31
4. A and B are partners sharing profits in the ratio of 3:2. Their Balance Sheet as on 31.3.2019 is
as following:
Liabilities Amt ₹ Assets Amt ₹

Cash 3,000
Creditors 6,000 Debtors 17,000
Bills Payable 1,000 Less P.D.D2,000 15,000
Contingency Reserve 4,000 Building 15,000
Stock 7,000
Capitals: Furniture 8,000
A 30,000 Investment 12,000
B 25,000 Advertising suspense 5,000
Bill Receivable 5,000
Workmen Comp. Fund 4,000
70,000 700,000
C is admitted into the firm for 1/4th share in profits on following terms and conditions:
(a) C will bring ₹.25, 000 as capital and ₹.10, 000 for his share of goodwill.
(b) Provision for doubtful debt is no longer required.
(c) D whose account was written off as bad debt last year has promised to pay ₹.1, 000.
(d) Liability on account of workmen compensation is likely to be fixed at ₹.7, 000.
(e) Investments were taken over by A and B equally at an agreed valuation of ₹.10, 000
Prepare Revaluation A/c. Capital A/c of partners and Balance Sheet of new firm.
( Loss on revaluation Rs 3,000, capital A 23,600, B 22,400, C 25,000 , Total Balance sheet 90,000 )
5. A & B are partners sharing profits in ratio of 7:3.Their B/S as on 31.03.2019 was as under
LIABILITIES ₹ ASSETS ₹
Creditors 40,000 Cash 36,000
Debtor
Bank overdraft 20,000
46,000
- Provision
Reserve 10,000 44,000
2,000
Capital accounts: Furniture 30,000
A 50,000 Stock 50,000
B 40,000
1,60,000 1,60,000
32
On 1.4.2019 C joins the firm for1/4th share in profits on following terms
(a) Goodwill is valued at ₹.40, 000 and C is to bring necessary amount in cash for goodwill.
(b) 20% of the reserve is to be kept as provision for doubtful debts.
(c) Stock is to be reduced by 40% and furniture is to be reduced to 40%.
(d) A is to pay the bank overdraft.
(e) C is to introduce ₹.30,000 as his capital.
(f) Give journal entries and prepare B/S of the new firm.
( Loss on revluation 38,000 , Capital A 56,000, B Rs 34,000 , C Rs 30,000, Balance sheet Rs 1,60,000)
6. A &B are partners ₹ sharing profits in ratio of 3:2. On 31.3.2019 their B/S was as under:
Capitals Machinery 33,000
A 34,000 Furniture 15,000
B 30,000 64,000 Investments 20,000
General reserve 10,000 Stock 23,000
Bank loan 10,000 Debtors 19,000
Creditors 36,000 Less P.D.D 2,000 17,000
Cash 12,000
1,20,000 1,20,000
On this date they admitted C into partnership on following terms
(1) C is to bring 30,000 as capital . He brings ₹4000 as goodwill out of his share of ₹7,000.
(2) Debtors are all good.
(3) Depreciate stock by ₹ 1,500 and furniture by 10%.
(4) Creditors to be written back by ₹. 1,000.
(5) There is an outstanding bill for ₹. 2,000 which is to be brought into books.
(6) Half of the investments are taken over by A & B in their profit sharing ratio at book value.
Remaining investments are valued at ₹. 13,000.
(7) Bank loan is to be paid off.
(8) New ratio is to be 3:3:2.
(9) Give journal entries and prepare B/S of the new firm.
( Gain on revluation 1000, Capital Balances 40,900, 30,900,30,000 Blance sheet total 1,39,000 )
33
7. A & B are partners for 3:2.They admit C in the firm for 1/5 th share on 31.12.2019.
The B/S was
Capitals: Goodwill 5,000
Plant &
A 60,000 65,000
machinery
B 50,000 Furniture 15,000
Reserve 10,000 Investments 20,000
Debtor 30,000
Cash 15,000
1,70,000 1,70,000
C was admitted on following terms:
1) C was to bring ₹.40,000 as capital and ₹. 15,000 as goodwill. Half of the goodwill is to be
withdrawn by partners.
2) New ratio was to be 5:3:2.
3) Half of the stock is taken over by A and remaining half by B at the book value.
4) Investments appreciate by 205 and furniture depreciate by 10%.
5) One customer, who owed ₹. 2,000 became insolvent and nothing could be recovered. Create a
provision for doubtful debts at 5% on debtors.
6) Creditors written back by ₹. 2,000.
7) Outstanding bill for repairs to be provided for ₹. 1,000.
8) Accrued interest on investment ₹. 2,000.
Prepare Revaluation a/c, capital a/cs, and new B/S
8. Sohan &Tarun are partners in a firm sharing profits and losses in the ratio of 3:2. Their Balance
Sheet as at 31st March, 2020 stood as follows:
Liabilities Amt ₹ Assets Amt ₹
Creditors 75,000 Cash at Bank 25,000
General Reserve 30,000 Debtors 1,00,000
Workmen compensation 30,000 Less P.D.D 4,000 96,000
fund Stock 74,000
Capital A/c Investment 40,000
Sohan: 3,00,000 4,50,000 Land & Building 2,00,000
Tarun: 1,50,000 Plant & Machinery 1,60,000
Current A/c Goodwill 50,000
Sohan: 50,000 60,000
Tarun :10,000
6,45,000 6,45,000
34
They agreed to admit Pradeep into partnership for 1/5th share of profits on 1st April, 2020, on the
following terms:
(a) All Debtors are good.
(b) Value of land and building to be increased to ₹ 2, 80, 000.
(c) Value of plant and machinery to be reduced by ₹ 40,000.
(d) The liability against Workmen’s Compensation Fund is determined at ₹ 20,000 which is to be
paid later in the year.
(e) Mr. Anil, to whom ₹50,000 were payable (already included in above credito₹), drew a bill of
exchange for 3 months which was duly accepted.
(f) Pradeep to bring in capital of ₹3,00,000 and ₹40,000 as premium for goodwill.
Pass necessary Journal entries .
9. A and B are Partner in a firm sharing profits and losses in the ratio of 3:1. Their Balance Sheet as on
31.3.19 was as follows:
LIABILITIES AMOUNT (₹) ASSETS AMOUNT (₹)

Creditor 21,000 Goodwill 12,000
Bills Payable 20,000 Land & Building 25,000
Furniture 4,000
General Reserve 4,000 Investment 15,000
Investment Fluctuation fund 5,000 Stock 20,000
A’s Capital 30,000 Debtor 10,000
B’s Capital 16,200 Cash 10,200
96,200 96,200
C is admitted as a partner on the above date on the following terms:

1. He will pay ₹. 10,000 as Capital for 1/5th share in profits.
2. He pays ₹ 5,000 for goodwill half of which is withdrawn by the partner.
3. Stock & Furniture were reduced by 10%.
4. It was found that the creditor included a sum of ₹ 2500 which was not to be paid.
5. Land and building was undervalued by ₹10,000.
6. Investment were to be reduced by ₹ 7500.
7. Provision for doubtful debts to be created on debtor @ 10%.
Prepare Revaluation A/c & Partner Capital A/c
35
Business Studies
General Instructions:
1. A separate topic is assigned to each student as Project work in Business
Studies.
 Project to cover 25-30 pages including pictures.
 Project must be handwritten.
 Project will be presented as a well drafted file with an attractive
cover page.
 The sequence in which project report will be developed is
explained to the students.
2. Case study questions on Nature and Significance of Management,
Principles of Management, Business Environment and Marketing and
Consumer Protection.
 All the questions should be answered in the Business Studies
assignment notebook.
3. Assignment on Planning is to be completed.
Last date for submission is 4th September, 2023.
FAHAHEEL AL WATANIEH INDIAN PRIVATE SCHOOL

HOLIDAY HOMEWORK
CLASS 12- BUSINESS STDS
Identify the concepts (explanation is not needed), write the answers in the assignment
notebook and submit on the assigned date.
CH 1- NATURE AND SIGNIFICANCE OF MANAGEMENT
Page: 36
Q1. Delhi CM Mr. Arvind Kejriwal launched Odd Even rule for cars in Delhi to cut
pollution by restricting the number of cars running on city road. Identify and explain
the objective of management highlighted by Chief Minister in the above case.
Q2. Mrs. Wason passed her MBBS examination and also passed MS examination as an eye
specialist. After 2 years of completing her studies she joined a big hospital as an eye
surgeon. Now she is performing successfully since last few years. Mr. Madan founder
of CTA feels that Mrs. Wason is experiencing the aspect of science and Ms. Sachdeva
feels that she is experiencing the aspect of Art. Who is right? Give reasons in support
of your answer.
Q3 Shiv Nadar, chairman and CEO of HCL attributes the success of the group to its
management team and their entrepreneurial spirit which together have enabled it to
handle rapid changes in the environment and technologies. At HCL management
believes that happy, satisfied and self motivated employees help in reducing costs and
increase productivity. It also has a strong sense of social responsibility and has set up
educational institutions in the field of management, engineering, computers etc.
Identify and explain the significance of understanding management by quoting relevant
lines from the case study.
.
Q4 Raman agreed to be an employee of a company on the condition that he will be given
a project offering competitive salary, career advancement opportunity, promotion and
recognition. Mr. John, (general manager) puts Raman in a project in which promotion
is not possible. Raman gets disheartened and feels frustrated all the time. Such
frustration also reflected in his work and he could not bring desired results.
(a) Which objective of management Raman could not achieve? Explain.
(b) Identify the other two objectives.
(c) What should Mr. John do to avoid such problem?
Q5 Vineet joined a company after completing graduation in management from a reputed

business school. During his induction training, he was informed that he would be
working in production department. The company wanted to achieve 30% increase in
output in the next quarter. His general manager, a man with decades of experience, also
said that management is a complex activity. He expected Vineet to make production
plans, identify incentive schemes for workers to make their strengths effective and
ensure that there is no disruption due to technical glitch. Vineet realised very quickly
that his job is a series of continuous tasks. After one month, he was informed by the
general manager that due to increase in international demand, production targets have
been raised.
He called an urgent meeting of his supervisors and senior workers. He offered them an
opportunity to realise their potential and earn more by working overtime and in multiple
shifts. He was delighted that at the end of the quarter, he was able to meet the targets,
workers were happy and there was no chaos.
Identify and explain any four characteristics of management referred in above case.
Q6 The production manager assigned a target of producing 1,000 TV sets in the month of
Page: 37
October among the group of 10 workers. They mutually decided to produce 100 TV
sets each. Among them 3 of the workers of the group fell sick. The other worker refused
to divide his work among and concentrated only on the production of their own
individual target of production the group target of 1,000 TV sets could not be achieved.
Which characteristic of management is violated in the above para?
Q7 XYZ Power Ltd. Set up a factory for manufacturing solar lanterns in a remote village
as there was no reliable supply of electricity in rural areas. They revenue earned by the
company was sufficient to cover the costs and the risks. The demand of the lanterns
was increasing day-by-day. So the company decided to increase production to generate
higher sales. For this, they decided to employ people from the nearby villages as very
few job opportunities were available in that area. They company also decided to open
school and creches for the children of its employees.
Identify and explain the objectives of management discussed above.
Q8 Kamal, Khan and Devid are partners in a firm engaged in the distribution of dairy
products in Madhya Pradesh. Kamal is a holder of Senior Secondary School Certificate
from Central Board of Secondary Education with Business Studies as one of his elective
subjects. Khan had done his post-graduation in Hindi literature and Devid in Dairy
Farming. One day there was a serious discussion between Khan and Devid regarding
the nature of 'Management as a Science'. Khan argued that Management was not a
science whereas Devid was of the opinion that Management was a science. Kamal
intervened and corrected both Khan and Devid about the nature of Management as a
Science with the help of his knowledge of Business Studies. Explain, how Kamal would
have been able to satisfy both Khan and Devid.
Q9 Shahrukh Khan is an epitome of success. He adds humour and humane touch in his
performances at the live shows. He has redefined the image of a lead actor in cinema
and given it a ‘negative, sympathetic and glamorous look’. A manager also redefines
and creates styles and techniques based on his experience and imagination. Identify the
nature of management from the given statement.
Q10 Alia Enterprises, a company was initially producing grinders and mixers. Now, with
the changing scenario and emerging trends of working women there is a greater demand
for a product which is more efficient and a multi-tasker. On analyzing the situation,
the company decided to penetrate into the market for producing Food Processor. Which
level of management will take this decision?
Q11 Sushil is running a business enterprise producing handloom and handicraft products in
Maharashtra under the name ‘Fabmart Enterprises’. He has employed 1,000 craftsmen
and artisans in his firm. The basic reason for its existence is to produce those handicraft
items which have a market demand & are reasonably priced. He performs all the
functions of management all the time with the help of his managers. He is working with
a team of individuals who have diverse needs and goals. He along with his marketing
experts conducts market survey to know the tastes and preferences of consumers. Thus,
he adapts to changing environment and produces goods according to the needs of the
Page: 38
customers. The employees working in his firm are happy and satisfied, and there is
orderliness instead of chaos.
Identify any five features of management from the above para. Also quote lines that
denote these features.
Q12 Amar Ltd. is engaged in production of electrical goods The company’s profits and
market share are declining. The production department blames the marketing
department for not meeting the sales targets and the marketing department blames the
production department for producing goods which are not of good quality and do not
meet the customer’s expectations. The finance department blames both the production
and marketing departments for declining return on investment.
1.What quality of management do you think the company is lacking?
2.List its two features.
CH 2- PRINCIPLES OF MANAGEMENT
1. Mr. Neeraj, the salesman in Progress Ltd., designed a new cost saving advertisement
technique through his personal experience and suggests the same to his sales manager but
it was not appreciated by his sales manager and he also warned him not to come with any
suggestions in future. Which principle of Fayol is being overlooked by the sales manager?
What should have been the appropriate way of response by the sales manager?
2. Rama Ltd. was engaged in the business of manufacturing auto components. Lately, its
business was expanding due to increased demand for cars. The competition was also
increasing. In order to keep its market share intact, the company directed its workforce to
work overtime. But this resulted in lot of problems. Due to increased pressure of work the
efficiency of workers declined. Sometimes the subordinates had to work for more than one
superiors. The workers were becoming undisciplined. The spirit of teamwork, which had
characterised the company previously, had begun to wane.
Identify any three principles of management which were being violated, quoting the lines
from the above case.
3. 'Puneet Constructions Ltd’. had never given any importance to the suggestions of its
employees. All the employees in the company considers themselves superior than the
other. They neither help anybody nor get help from anybody. Last year, Mr. Shivam was
appointed as Chief Manager of the company. He was an MBA from IMM Ahmedabad and
also seven-year experience of the same post. Immediately after taking charge he decided
to deal with both the problems of the company. He convened a meeting of all the
employees and said, "All the employees are free to give their suggestions. Besides, the one
who gives the best suggestion will be awarded a prize. In addition, he advised them to
discard ego and extend help in each other’s work. We will have to give it the shape of a
movement. Those who participate in this movement will be promoted at the earliest."
Shivam proved to be a good leader.
Identify and explain the principles of management discussed above by quoting the lines.
Page: 39
4. 'New Delhi Ltd.’ is a famous service providing company. Mr. Aman Malhotra is its
Managing Director. He continuously motivates his Research and Development department
that new and latest methods of doing work be explored. The provisions have also been
made to give reward to those employees who will participate in a particular exploration.
He also believes that two groups working on managerial and non-managerial posts are
similar to two wheels of an organisational vehicle. If this vehicle (organisation) is to be
driven in a right way then both the wheels should be property aligned. Mr. Aman is a
successful leader. Among his employees, he has instilled the feeling that no decision will
be taken without consulting the subordinates. To excel in this field, is the main motive of
Mr. Aman and he paid lot of attention to training of employees.
Identify the principles of scientific management discussed above by quoting the lines.
5. On 27th September, 2015, PM Narendra Modi visited the headquarters of ‘Facebook’ in

California. This news was covered by ABP News Channel. The news item highlighted the
following unique features of Facebook’s office:
Office spread over 4.5 lakh sq feet area of land. Within the office, the employees use skates
to move from one place to another. 10, 000 employees are working in the office, all at same
level. No cabin or separate room for any employee. There is open work place to ensure
mutual understanding and team work. All meeting are held in a conference room having
walls made of glass. Anyone can see with whom the manager is meeting or interacting.
Focus is not on working hours, rather on quality of work. There is ample provision for leisure
activities, rest rooms, widespread clean and green environment and beautiful nursery at the
terrace for the employees.
On the basis of above information, name the two principle of Fayol followed in the
Facebook’s office.
6. Arun and Sonia, having same educational qualifications are working as managers in Alfa
Ltd. Arun belongs to rural area where employment opportunities are very less whereas Sonia
belongs to urban area. Ignoring many other differences between the two, management of
Alfa Ltd. appointed them as manager, on the same salary package of Rs. 40,000 per month.
Name the principle of management being followed in the above case.
7. Nutan Tiffin Box service was started in Mumbai by Mumbai Dabbawalas. The
Dabbawalas who are the soul of entire Mumbai aim to provide prompt and efficient
services by providing tasty homemade tiffin to all office goers at right time and place. The
service is uninterrupted even on the days of bad weather, political unrest and social
disturbances. Recently they have started online booking system through their website
‘mydabbawala.com’. Owing to their tremendous popularity amongst the happy and
satisfied customers and members, the dabbawalas were invited as guest lecturers by top
business schools. The Dabbawalas operate in a group of 25-30 people along with a group
leader. Each group teams up with other groups in order to deliver the tiffin on time. They
are not transferred on frequent basis as they have to remember the addresses of their
customers. They follow certain rules while doing trade- No alcohol during working hours;
No leave without permission; Wearing of white cap & carrying ID cards during business
hours.
Page: 40
Recently on the suggestion of a few self motivated fellow men, the dabbawalas thought out
and executed a plan of providing food left in tiffins by customers to slum children. They
have instructed their customers to place red sticker if food is left in the tiffin, to be fed to
poor children later.
Name and explain the three principles of management given by Fayol from above paragraph.
8. Mohan always comes 1 hour late in the office and leave half an hour before the scheduled
time. No penal action is taken against him. Other employees also started coming late in the
office. Management is very disturbed with this and has started scolding the employees.
(a) Which management principle is being violated in the given case?
(b) Explain the principle.
(c) Mention one probable adverse consequence of violation of the given principle.
Ch 3- BUSINESS ENVIRONMENT
Q1 The name and taste of Coca-Cola is known to almost each and every individual in India as
well as throughout the world. This carbonated soft drink holds the most market share in the
soft drink market and got itself a special seat in each and every gathering. The Coca-Cola
Company has on occasion introduced other cola drinks under the Coke name. The most
common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet
Coke Caffeine free, Coca-Cola Zero Sugar, Coca Cola Cherry, Coca-Cola Vanilla and the
list goes on. It has capitalized on each and every opportunity to market itself effectively
and place itself in the middle of every gathering. The main reason for such an outstanding
placement of product goes to the way they have established the connection between every
occasion and the need for Coke to be present there, product design and creative advertising.
(a) In the context of the above given case, identify one valid importance of Business
Environment.
(b) Identify the feature of Business Environment which The Coca-Cola Company managed to
get in their favour.
(c) Which business environment did Coca-Cola majorly tap into?
Q2 A company is a component of market. It utilises various raw materials, labour force, human
resources, power, water, other sources, etc. When all these resources are utilized output is
produced. But before output is produced the input has to go through various operations.
These operations convert the raw materials into final products which are then sold in the
market.
In the above paragraph which importance of Business Environment is highlighted?
Q3 Identify the various dimensions of business environment:
1. With the election of a new government the sensex drops by 748 points.
2. A particular channel refrains from showing the advertisement of a particular
product as it is banned by the government.
3. A software is in high demand among the industrial buyers as it can connect all
the branches of a company as a single integrated unit.
Page: 41
4. At the time of holi a large number of manufacturing firms get involved in
making colours which are used in the celebration of this colourful festival.
5. It is not advisable to open a luxury car showroom in the middle of an economy
where per capita income is very low.
Q4 ABCDE Ltd. has opened a customized shoe business in 23 cities. The organisation
has done a lot of research on the nature of business environment in which it is doing
business. The market has fragmented as there are many players, brand loyalties of the
customers keep on changing, customers are more demanding and there is intense
competition in the market. Every week on Saturday the board of directors sits for a
meeting and decides the future course of action. They rely on their surveys and past
performances of other companies to achieve policy making and deciding future course
of action. The company devotes its lot of time in understanding the external
environment. With all the research the company has realised that the business
environment does tend to have a lot of impact on the organisation so it is necessary to
continuously monitor it.
Explain the importance of analysing business environment as highlighted above?
Q5 A greeting card making company in USA is flourishing well. The company makes
cards for different occasions. During the time of Christmas and New Year, the
production and selling of cards reaches a new high. The company exists in an
environment which is democratic and there are rules for every business firm. Once
you step out of the company there are customers, competitors, government authority
and almost everything one can think of. The company appears to have a promising
future. However the firm will have to understand the close relationship between
various elements of the business environment around it.
In the above case which dimension of business environment is highlighted? Which
features of business environment are highlighted in the above case?
Q6 Identify the dimensions of Business Environment in the following cases:

1. The demonetisation move of the government has resulted in the accumulation
of lakhs of crores of rupees in the banks. Now the banks will give more loans to
the people at lower interest rate. General public can now afford home loans
more easily.
2. Small business will now move towards transaction of business affairs in plastic
money. This will lead to use of internet, new gadets, etc. and reduce
dependence on cash. Report generation of these transactions will be helpful in
acting as proof for the betterment of future business.
CH 11 MARKETING
Q1 Zoom Udyog, a car manufacturing Co., has started its business with Zoom 800 and
slowly launched Zoom-1000, Wagon-Z, Swy-fy etc. and offered various services like
after sale services, availability of spare parts etc. Identify the element of marketing mix
referred here.
Page: 42
Q2 Radha found a worm crawling out of newly opened tetra pack of a juice manufactured
by a reputed company, Zest, Ltd. She went back to the shopkeeper from whom the pack
was purchased who directed her to call up the customer care centre. When all her efforts
failed, she went to a consumer activist group to seek help. The group decided to help
Radha and taken measures to impose restrictions on the sale of the firm‟s products of
the particular batch and urge customers to refrain from buying the products of the
company. Zest Ltd. lost its image in the market. The CEO gives the responsibility of
bringing back the lost image of the company to a Manager.
1. Identify the concept of Marketing Management which will help the Manager getting
the firm out of the above crisis.
2. Also explain the role of above identified concept by stating any two points.
Q3 Identify the Marketing Management philosophy adopted in the following cases:

1. Mansi, a shoe manufacturer for school students, decided to maximize her profit by
producing and distributing at large scale and thereby reducing the average cost of
production.
2. Nisha, a school bag manufacturer decided to improve the product for profit
maximization and thus added a water bottle holder to the existing design.
3. Jasdeep, a dealer in school uniforms, decided to maximize his profit by using
different aggressive promotional efforts.
4. Amar is engaged in manufacturing of refrigerators. He surveyed the market and found
that customers need a refrigerator with a separate provision of water cooler in it. He
decided to launch the same refrigerator in the market.
Q4 Identify the method of sales-promotion in the following cases:

1. A mobile company offers a discount of Rs. 1000 to clear off excess inventory.
2. A customer gets Rs. 5 off on return of an empty wrapper while making a new
purchase of the same product.
3. A Company offers a pack of 1/2kg of sugar with the purchase of a 5 kg bag of wheat
flour.
4. A Company offers 40% of extra shaving cream in a pack of 500 gms.
5. Scratch a card and get a gold coin with the purchase of a cold drink.
6. Purchase goods worth Rs. 50,000 and get a holiday package worth Rs. 10,000 free.
Q5 “Various tools of communication are used by the marketers to promote their products.‟
1. Why do companies use all tools at the same time?
2. Name and explain the most commonly used non-personal tool of promotion which
is paid for by the marketer.
3. Which tool of promotion will primarily be used for the following:
a. To promote or protect a company’s image or its individual products.
b. An existing product meant for mass usage by literate people.
c. To introduce a new product to a particular class of people through door-to-door visits.
d. To attract attention of the people by using incentives.
Q6 Good Living Ltd. manufactures mosquito repellent tables. These tablets are packed in
strips of 12 tablets each. Each of these strips are packed in a cardboard box, 48 such
boxes are then placed in a big corrugated box and delivered to various retailers for sale.
Page: 43
State the purpose of packaging the tablets in a corrugated box.
Q7 ABC Crackers Ltd., a fire-cracker manufacturing company, launched some new

products on the eve of Diwali in the market which attracted many buyers. To meet the
increasing demand, the company employed people from nearby villages where there
was a lot of unemployment. Because of the good behavior of the management with the
employees, more and more people wanted to join the company. As the products were
in great demand in the market, a competitor imitated the products. The products of the
competitor were not accepted by the consumers as it was a status symbol to buy the
products of ABC Crackers Ltd. because of their quality.
Identify and explain the product-related decision because of which consumers preferred
the products of ABC Crackers Ltd.
Q8 Unilever has found a new way to make ice creams by using an ingredient called „ice
structuring protein‟ which is widely found in nature especially, in fishes which allows
them to survive in freezing arctic waters. Combining ISP with stabilizer technology
allows to make ice creams that don‟t melt so easily thereby making it more convenient
for small children and consumer in hot countries.
1. Identify the component of marketing mix being taken into consideration by the
company.
2. Explain briefly the function of marketing highlighted here.
Q9 As a global leader in the consumer electronics and entertainment industries, Sony has
set forth “Road to Zero environmental plan‟, to achieve a zero environmental effect by
the year 2050 by producing worldclass products in a manner that both protects and
promotes a healthy and sustainable planet. In the context of above case:
1. Identify the marketing philosophy being implemented by the company.
2. Outline the main focus and end of the relevant marketing philosophy.
Q10 Rastro Inc., is a multinational corporation that creates consumer electronics, personal
computers, servers and computer software. The company also has a chain of retail stores
known as Restro Stores. Despite high competition, Restro has succeeded in creating
demand for its products, giving the company power over prices through product
differentiation, innovation advertising and ensured brand loyalty. In the context of
above case:
1. What is product differentiation?
2. Name any one function of marketing that facilitates product differentiation.
3. Identify the component of promotion mix being used by the company by Quoting
lines form the paragraph.
4. Describe briefly the pricing objective pursued by the company.
Q11 After doing a diploma in entrepreneurship, Farihad started his own confectionary
business. He started doing a lot of hard work and used the recipes taught by his
grandmother in various preparations. He also learnt many recipes from online sites and
television programmes. He decided to keep the price of the products low initially and
also informed his customers about the goodness of the items sold by them. However,
he didn‟t mention on the package of each item weather it contained eggs or not. As a
Page: 44
result, vegetarian people became hesitant in buying things from his shop as they had to
verbally inquire from him about the inclusion of eggs in the preparation of various
items.
1. Name the important aspect related to the marketing of products which has been
ignored by Farihad.
2. Explain briefly any three functions performed by the aspect as identified in part (a).
Q12 Yogesh buys a new laptop for his son Mukesh on his birthday from a company owned
retail outlet. After a few months, some parts of the laptop get damaged in a road
accident. Yogesh approaches the dealer to get the damaged parts replaced with the new
ones. But, he is told that the company does not provide any after sale service to the
customers. Yogesh feels very dissatisfied as a consumer and woes that he will never
buy this companies product ever again.
1. Identify the function of marketing being ignored by the company.
2. As a business advisor, suggest any two services that will be very effective in
enhancing brand loyalty for any such product.
CH 12- CONSUMER PROTECTION

Q1 Raghu purchased a truck worth Rs.35 lakhs. The truck had some inbuilt problems and
after some days stopped starting. Since it was in the guaranty period it was shown to
the company. The people in the company refused to attend to his complaints. It was
heart breaking for him so he decided to file a complaint in the state commission. The
state commission on hearing the pleas from both the parties gave decision in favour of
the truck company. It was shockingly bad news for Raghu.
1. At what level of authority should Raghu file a complaint now?
2. In how many days should he file his complaint at the next level?
Q2 Shobhit wants to purchase a sandwich maker. He goes to a nearby mall and enters the
shop where electric gadgets are kept. He asks the salesman about the area where
sandwich makers are kept. The sales man takes him to that place where different types
of sandwich makers are kept. He very patiently observes all the electronic gadgets,
sees their functions, reads their instructions, compares their prices and sees their
warranty periods. After some time when he pays the concerned person, tells him to
note his home address and telephone number for future contact. He also asks him to
inform him about any new products in the market.
1. In the above case name one consumer responsibility Shobhit should follow?
2. In the above case when Shobhit reads the instructions which consumer right is
maintained?
3. Which mark should be checked by Shobhit on the electronic appliance as he
purchases it?
4. What is the significance of this mark?
Q3 Dr. Ahuja purchased a washing machine of a renowned company. The price of the
machine was Rs.10,000. The company provided the cash memo on purchase. The
money was paid in cash. The machine model was semi-automatic and it was with a
warranty of 3 years. For 3 years 1 month there was no problem in the functioning of
Page: 45
the machine. But due to water logging around the machine while washing clothes the
main rotator of the machine got fused. When the complaint was registered with the
company it was told that the warranty period of the machine had expired and Dr.
Ahuja would have to pay for the service charges as well as the replacement of rotator
motor.
1. Is the company justified in not providing free service to Dr. Ahuja?
2. Can Dr. Ahuja file a complaint against the company?
3. Which consumer right of Dr. Ahuja is overlooked here?
4. Was any party at fault?
5. Did Dr. Ahuja fulfill her consumer responsibility?
Q4 ‘Super Yummy Cakes’ is a renowned cake making company. The cakes are packed in
beautiful packaging. The company produces egg containing as eggless cakes. Once it
so happened that 300 cakes containing egg were packed in packaging having green
signs. Vishal, who is a strict vegetarian, ate it. He realised something different in the
smell of the cake and went on to enquire about the content of the cake. On his
questioning one staff member agreed to the fault committed. Which consumer right of
Vishal was violated here?
Q5 ‘Amazing Duniya’ is a tourist agency. It also has a group of hotels. The company
offers new types of schemes to the potential customers. Amit was offered a scheme of
staying in a hotel for 6 days and 5 nights for free. However, when he reached the
destination he was told that every room of the hotel was booked. He told tlhem that he
was told earlier that his room was booked. He even showed them the confirmation he
received on his mail.
1. Can Amit file a complaint against the tourist agency?

2. Will he get a relief in this case?
3. Name the relief he will get.
4. Which consumer right has been violated in this case?
Q6 Amit went to purchase a fridge from a showroom having electrical appliances. He

purchased a fridge for Rs.10,000. However, when he confirmed the price of the fridge
form his friends and searched on the net he found that the price of the fridge was
Rs.9,500. When he contacted the showroom owner he was told that the prices of the
fridge model has come down and that the cash memo handed over to him also had the
billing of Rs.10,000. But at the time the model was introduced the price of the model
was Rs.10,000 only.
1. Do you think Amit should get his Rs.500 back?

2. Do you think Amit has proof of purchase?
3. Which consumer right of Amit has been violated here?
Q7 Adesh had some problem walking on the road. He purchased a pair of shoes with high
heels. After some time of using these shoes his pain increased as he did not know that
there were medically recommended shoes available in the market for this problem.
.After a few days of giving himself rest he approached a shop where the medically
Page: 46
recommended shoes were sold. He v,as amazed to learn that the company making the
shoes was holding workshops at different places in order to make the people suffering
with such problem aware of an available option.
1. Which consumer responsibility was not fulfilled by Adesh?

2. Which right has been helped protected by the company selling the medically
recommended shoes?
DETAILS OF PROJECT WORK IN BUSINESS STUDIES

CHOOSE ANY ONE OF THE BELOW TOPICS FOR YOUR PROJECT-
A- Marketing B- Principles of Management C- Business Environment
D- Stock Exchange
Follow below guidelines for presentation of the selected topic for the project:
1. COVER PAGE-
 Must be suitable and attractive (may contain drawings, cut outs, collage, patterns,
designs and so on)
 Must contain following information in order:
a) Project Work in Business Studies 2023-24
b) Topic of your Project (Main Topic)
c) Bottom right corner- Your name, Class, School Name, Teacher’s name, CBSE
Roll no (leave the space blank to be filled later)
2. One Blank Page to paste Bonafide Certificate which will be issued later by me.
3. Acknowledgement
4. Index having columns for the contents and page nos (from-----to)
5. Your sub-topic (ANY ONE- must be written creatively on full page)
Explanation of main- topics

Topic Marketing Principles of Management Business Environment
No.
6 Introduction of your company Introduction of Henri Fayol/ F.W. Introduction of your sub-
and your product (1 pg) Taylor (2 pages with pic) topic
7 Why you chose this product (1 A separate page stating Application Write about the changes/
pg) of Fayol’s Principles/ Taylor’s advancement in your sub-
principles and techniques to a topic from the initial stages
business organisation (any form) to modern years. (6-7
(Starbucks, Dominos, Pizza Hut, pages). Include
McDonalds, V Mart – to name a pics/drawings/ newspaper
few) cuttings.
8 3-5 competitors of your Give an introduction of the Explain various

product and a write up of one organisation. Write your personal components of business
page on each about the USPs observation/ empirical investigation environment (social,
Page: 47
of their products (inc pics)- 3/5 about the applicability of each political, technological,
pages principle along with their meaning legal, economic) that have
and positive and violating effects. brought those changes. (4-
(draw/ paste relevant pics, 5 pages). Include pics
diagrams). This will take approx. wherever possible.
15-16 pages.
9 Trade license/ Permission for Questionnaire (which is used as an Details of two or three case
manufacturing your product (1 analysis tool). (2-3 pages) studies associated with
pg) your sub-topic (4-5 pages)
10 Separate page with Product Paste some pics of the organisation Other details about your
Mix written on it you have chosen for your study. sub-topic which you want
to share. (2-3 pages)
11 Different decisions related to Your conclusion about the Conclusion- How
Product Mix- Features and importance of applicability of these important is the analysis of
design (USP of your product), principles. (1 page) business environment and
Branding (your own brand its impact. (1 page)
name and brand mark),
Tagline, design label,
packaging (diff types)- 4-5
pages. Attach or draw pics.
12 Separate page with Price Mix
written on it
13 A comparative table showing
price of your competitors’
product and your product.
Price strategy adopted by you.
(1 page). Profit margin of
manufacturer, wholesaler,
retailer.
14 Separate page with Promotion
Mix written on it
15 Different components of
Promotion Mix suitable for
your product- A combination
of advertising, sales
promotion, personal selling
and public relation or any one/
two of them. Explain how you
would promote your product.
(Max 2 pages with pics)
16 Separate page with Physical
Distribution/ Place Mix
written on it.
17 Explain about the suitable
channel of distribution for
your product, transportation
and storage of your product.
(Max 2 pages with pics)
18 Social message relevant to

your product (1 pg)
19 Any cost-effective technique
Page: 48
followed in production/
promotion. (1 pg)
20 Conclusion about the future of
your product (1 pg)
Next page- Bibliography

Next page- Teacher’s remarks
Last page (must be in sync with the cover page)
Guidelines on Project on Stock Exchange

The project must be developed in the following sequence:
1- Cover page
2- One blank page
3- Acknowledgement
4- Index
5- One complete page showing the topic- Stock Exchange (There is no sub-topic for the
project on stock exchange).
Above pages are to be developed as per the guidelines given in the previous page.
6- Contents- Following pages to be added as content of the project

 Write the meaning and functions of stock exchanges (Check NCERT)
 Develop a brief report on History of Stock Exchanges in India or any other
country of your choice.
 Explain the meaning of various terms used in a stock exchange (10-15 terms).
 Prepare a list of at least 25 companies listed on a Stock Exchange.
 Identify the top ten companies out of the 25 selected on the basis of their
market value of shares. It does not matter if they have made profits or losses.
 Make an imaginary portfolio totaling a sum of Rs. 50,000 equally in any of the
5 companies of your choice listed above over a period of twenty working days.
 During this period of recording, you are supposed to distinctively record the
daily and opening and closing prices of the week. Check and record the prices
of the stocks on daily basis and show graphical presentation of the share prices
of different companies on different dates.
 Conclusion page- identifying and stating the causes in the fluctuations of
prices. Normally it would be related to factors like-
Change of seasons, Festivals, Spread of epidemic, Strikes and accidents, Natural
and human disasters, Political environment, Lack of faith in the government
policies, Impact of changes in government policies for specific industry,
International events, Contract and treaties at the international scene, Relations
with the neighbouring countries, Crisis in developed countries, Oil prices etc.
Pictures of stock exchanges, selected companies, newspaper articles/ business
magazines related to various securities/ functions of stock exchanges etc. should be
neatly pasted for creativity.
Page: 49
7- Bibliography- mention website name, newspaper, magazine, news channel etc. from
where you have gathered information.
8- One page for Teacher’s remark
9- Last page in sync with the cover page.
Please follow all general instructions mentioned under the guidelines given as under:
General Instructions-
1. Thick papers (white/ coloured, ruled/ blank) must be used so that the ink
doesn’t smudge.
2. Project must be handwritten (Do not use pencil to write).
3. Written content must be on one side of page. Other side to be used to paste
pictures. (Do not write on both sides)
4. Use proper formal language to explain/ describe. (No abbreviations or social
media language)
5. Leave 1-inch margin on all 4 sides of paper. Write the page no. on bottom
(center) of each page.
6. Draw or use some designs to decorate the top, right and bottom border on
each page.
7. Any type of paper can be used for cover page depending upon your creativity
but don’t use a very thin paper for cover page. Take care that you need to
keep it intact till your final practical exams.
8. Do not bind your project. Just keep the pages in a folder so that the
alterations can be done, if needed.
9. Please message or mail me if you have any doubt.
10. Check various YouTube videos so that you can get an idea on presentation of
your project.
DON’T FORGET TO REVISE THE FIRST TERM SYLLABUS TOO.

HAPPY HOLIDAYS.
Page: 50
Economics
CBSE practical project:

Guidelines for Project Work
The objectives of the project work are to enable learners to:
 Probe deeper into theoretical concepts learnt in classes XI and XII.

 Analyze and evaluate real world economic scenarios using theoretical constructs and
arguments.
 Demonstrate the learning of economic theory.
 Follow up aspects of economics in which learners have interest.
 Develop the communication skills to argue logically.
The expectations of the project work are that:
Project should be of 3,500-4,000 words i.e. 30-35 pages (excluding diagrams & graphs).
It must be hand-written.
It will be an independent, self-directed piece of study.
Scope of the project:
Learners may work upon the following lines as a suggested flow chart:
Expected Checklist:
 Introduction of topic/title
 Identifying the causes, consequences and/or remedies.
 Various stakeholders and effect on each of them.
 Advantages and disadvantages of situations or issues identified.
Page: 51
 Short-term and long-term implications of economic strategies suggested in
the course of research.
 Validity, reliability, appropriateness and relevance of data used for research
work and for presentation in the project file.
 Presentation and writing that is succinct and coherent in project file.
 Citation of the materials referred to, in the file in footnotes, resources
section, bibliography etc.
Suggested topics:
Page: 52
Marking Scheme : Marks suggested to be given as-
Points to be noted:
Page: 53
1. A4 size paper should be used for writing content.
2. Give a proper border to each sheet (it can be handmade or printed).
3. Proper heading /sub-topics should be given.
4. Each page should have relevant picture related to the content.
Pictures will be pasted on left side sheet and writing part will be on right side.
5. First draft of the project to be submitted by 14th September 2023.
6. One can go for binding once the project is approved.
7. In case of doubt kindly discuss, it will avoid double work.
8. Take your time do the work with full interest and put up a quality and standard work.
Refer Reader- Introductory Macroeconomics for Class-12
a) REVISION SECTION-(SCANNER)-(Page No. R.1 to R.11)
All questions related to Unit-1 & Unit-2 must be solved in the notebook.
i) Unit-1: National Income and Related Aggregates (Page no. R.1 to R.9)
ii) Unit-2: Money & Banking (Page Nos. R.10, R.11)
b) Refer page R.43 (CBSE Examination Paper-2021-22-Term-1)
Solve Q1, Q11, Q16, Q21, Q (22-27)-case study.
c) Refer page R.53 (CBSE Examination Paper-2021-22-Term-1)
Solve Q3, Q5, Q9, Q12, Q14, Q15, Q17
Answer the following questions:-
1. 2022-23 Board Questions (Macroeconomics)
Identify which of the following is not a function of RBI (1)
a) Controller of Money Supply

b) Credit provider to commercial banks
c) Central Agency preparing the annual budget of the Government
d) Issuer of currency
Page: 54
2. In the light of the given statement choose the correct alternative from the following:- (1)
Read the following statements carefully:
Statement-1: Stock variables are measured at a point of time.
Statement-2: Flow variables and Stock variables are same.
a) Statement-1 is true and Statement-2 is false
b) Statement-1 is false and Staement-2 is true
c) Both the Staements-1 and 2 are true
d) Both the Statements 1 and 2 are false
OR
Identify the ‘flow variable’ from the following-
a) Distance between Delhi and Amritsar
b) Annual expenditure of a school
c) Bank Balance of Mr. Mukesh as on 31st March 2022
d) Investment of Mr. Mohit as on 31st December 2021
3. If Central Bank wants to reduce the Money Supply in the economy it may, ____________
Choose the correct alternative to fill up the blank) (1)
i) Increase the Bank Rate

ii) Reduce Cash Reserve Ratio
iii) Sell securities in open market
iv) Buy securities in open market
Alternatives
a) i and ii
b) ii, iii and iv
c) i, iii and iv
d) i, ii, iii and iv
4. Discuss briefly, the concept of ‘Mixed Income of Self-employed’ under Income Method. 3
OR
Defend or refute the following statement, with valid argument- (3)
“Depreciation is fall in the value of an asset due to unexpected obsolescence.”
5. Using a suitable numerical example, explain the credit creation process of the banking
system, in a hypothetical economy. (4)
Page: 55
6. Read the following information carefully- (4)
“The Monetary Policy Committee (MPC) of Reserve Bank of India, recently increased the
Repo Rate by 50 basis points. The rate stands today at 5.40%, whereas the Reverse Repo
Rate was left unchanged at 3.35%.
Answer the following questions-
a) Identify the nature of two monetary policy measures mentioned in the above text.
b) Elaborate the likely economic rationale behind the increase Repo Rate by the
Monetary Policy Committee.
7. Read the following text carefully-
On the basis of the given text and common understanding, answer the following questions-
a) Compare and analyse the trends of change in PCEF as a percentage of GDP, both in
real and nominal terms. (4)
Page: 56
b) “Private Final Consumption Expenditure is an important factor determining Gross
Domestic Product at Market price.” Justify the given statement. (2)
2023-24 Board questions (Indian Economic Development)
8. From the following identify the correct full form of ‘NITI’ in NITI Aayog. (1)
a) National Institute for Tribal India.
b) National Institute for Technical India
c) National Institute for Transforming India
d) National Institute for Training India
OR
In a ______________ economy, resources are owned and operated by both public and
private sectors. (1)
a) Socialist
b) Capitalist
c) Democratic
d) Mixed
9.
10.
Page: 57
11.
12.
13. Explain the role of education in the economic development of the nation. (4)
Page: 58
Psychology
 Complete the assignment in the psychology notebooks.
 Case Study as a part of the practical exam of CBSE 2023-24
Ch-4 Assignment
Q1. Read the case below and answer the questions that follow.
a. Elise is a 35 year old architect. She comes to you in great distress, feeling that she is
unable to work, and generally unable to function. She says that she feels tired all the
time, to the point of feeling completely exhausted. She says that she cries easily, and
almost every day. She is having difficulty sleeping, and has lost 20 pounds in the last 2
months without trying. She says that things have been "real bad" for the last 2 months;
she doesn't enjoy doing anything and thinks frequently of suicide. However, she also
says that she has never been a very happy person. She says that things rarely go right
for her, and she has given up on expecting good things to happen for her.
Q1 Elise is suffering from _______________________________ disorder.

Q2. Suicides are preventable. Mention any 4 measures suggested by WHO.
b. Bert is 40 years old and works on an assembly line in a brush factory. He is terribly
afraid of being contaminated by germs. He avoids shaking hands with others. He won’t
eat in the cafeteria. He has trouble leaving the bathroom because he isn’t sure he has
washed his hands well enough.
Q1. What according to you is Bert suffering from?

Q2. What are the two main characteristic features of this disorder?
c. Hannah, age 55, was in a major car accident 20 years ago during a cross country trip.
Ever since, she has been unable to drive on major highways. Although she does drive,
she goes to great lengths to travel only on back roads and scenic routes. She is able to
go where she wants but it often takes her much longer to get there than it should.
Q1. The kind of fear, Hannah is suffering from is

_______________________________.
d. A 28-year-old woman was walking through her local shopping mall when she began to
feel intensely anxious. The anxiety was accompanied by sensations of choking,
smothering, and a sudden sense that the people and stores around her were unreal. She
began to fear that she was going crazy and the more she worried about this the more
anxious she became. A guard, seeing that she was in distress, brought her to the mall
office where she was able to lie down. A few minutes later the symptoms began to
subside. A week later she had a similar attack while she was walking down the street.
In the following three weeks she had two or more attacks. Between attacks she was
constantly worried about having another attack.
Page: 59
Q1. This woman is suffering from ______________________
Q2. How Exorcism would view this disorder?
Q2. Describe in detail any 1 behavioural disorder prevalent among children.
Q3. While speaking publicly, the patient changes topics frequently. Is this a positive or a
negative symptom of schizophrenia? Describe the opposite symptom.
Q4. Tick the correct option-
I. This may be diagnosed if someone encompasses a persistent belief that she/he
incorporates a serious illness, despite medical reassurance, lack of physical findings,
and failure to develop the disease.
a. Somatisation disorders
b. Conversion disorders
c. Dissociative disorders
d. Hypochondriasis
ii. This may be characterised by extensive but selective cognitive state that has no known
organic cause.
a. Dissociative amnesia
b. Dissociative fugue
c. Dissociative identity disorder
d. None of the above.
iii. Kirti usually smells an unpleasant odour whenever she wakes up within the morning or
sometimes within the middle of the night. Identify the sort of hallucination.
a. Auditory
b. Olfactory
c. Gustatory
d. Tactile
Q5. Explain diathesis stress model of abnormal behaviour taking example from daily life.
Q6. Elaborate on the maladaptive behaviour associated with the use and abuse of addictive
substances.
Q7. What disorder is the cause of distorted body image? Explain its various forms.
Q8. Explain the concept of 4 D’s.
Q9. How will you identify students in distress?
Q10. Write the full form of the following-
a. SAD-
b. PTSD
c. ICD
d. DSM
Page: 60
Q11. Fill in the blanks-
a. Ria always cries when her father drops her to the school and becomes tense. Ria is
suffering from _____________________ disorder.
b. Inattention and Impulsivity are main features of _______________ disorder.
c. Naman, a 12-year-old boy has marked difficulties in social interaction and
communication, he is suffering from______________ disorder.
d. Kusha always believes himself to be specially empowered, he is suffering from the
Delusion of _____________________________
e. Write any one factor underlying psychological disorders_________________
f. _____________________________ is the common feature of the neurodevelopment
disorder.
g. ______________ is the most common type of hallucination in schizophrenia.
________________________________________________________End ________
Page: 61
Web Application Holiday Home
1. Create a Website containing at least 5 Pages

a) Index Page
b) About Us Page
c) Services/Product Page
d) Video and Image Gallery Page
e) Contact us Page
 Website must have External CSS file linked
 Write Synopsis for Website
2. Create 3 Video Advertisements for Website using Any Video

Editing software (you can Use WMM if you want also) and
embed that in Video Gallery Page.
3. Create a PowerPoint Presentation of at least 6 slides on any

one of the topics
a) Self-Management – A necessary attribute for successful
Life
b) Green Jobs
c) Entrepreneurial Skills
d) Introducing your website to client
4. Revise Term-1 syllabus chapters and do question bank

uploaded in ERP
Page: 62
PHYSICAL EDUCATION
Record File Work
Record file shall include :-
i) Complete details of any one game of your choice out of the given list:
**Basketball, Football, Kabaddi, Kho-Kho, Volleyball, Handball,
Hockey, Cricket.
**CWSN (Children With Special Needs – Divyang): Bocce/Boccia ,
Sitting Volleyball, Wheelchair Basketball, Unified Badminton,
Unified Basketball, Unified Football, Blind Cricket, Goalball, Floorball,
Wheelchair races and throws, or any other sport/games of choice.
**Children With Special Needs may opt any one sport/game from the
list as alternative for Yogic Practices. However, the sport/game must
be different for skill of Game and alternate to yogic practices.
(Labeled diagram of Field & Equipment, Rules, Terminologies & Skills)
ii) SAI Khelo India Fitness Test administration for all items.
iii) Detailed procedure for Asanas, Benefits & contradiction for any Two
Asanas for each given lifestyle diseases :
Obesity, Diabetes, Hypertension, Asthma and Back Pain & Arthritis.
(You can take the help of your textbook)
Page: 63

Screenshot 2023-08-08 at 4.01.53 PM

Uploaded by

Copyright:

Available Formats

Screenshot 2023-08-08 at 4.01.53 PM

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Screenshot 2023-08-08 at 4.01.53 PM

Uploaded by

Copyright:

Available Formats

Fahaheel Al-Watanieh Indian Private School

Summer Holidays Home Work

Contents Page No.

A.. Art Integrated Project (Group Activity)- 10 marks

● Details of the project

Answer the following questions in 125 to0 150 words

1. What are Phytoplankton? How are they important to our ecosystem?

3. What impact has human civiisation had on our environment?

Answer the following questions briefly ( 40-50 words)

5. Antarctica is unlike any other place on Earth . Justify the statement.

May/June Assignment – Questions c, d, e & k(Report Writing)

Q1 Read the following case and answer the given questions:

(a) by Sudha only.

3. The amount of interest on loan allowed to Sunny will be-

Date Particulars LF Dr. Amt (₹) Cr Amt (₹)

HOLIDAY HOMEWORK CLASS 12

Chapter 1 : Fundamentals of Partnership

Q6. Following are essential elements of a partnership firm except:

Q7. Features of a partnership firm are

Q12. The relation of partner with the firm is that of:

Q13. What should be the minimum number of persons to form a Partnership:

Q14. Number of partners in a partnership firm may be:

Q15, Liability of partner is:

Q16. Which one of the following is NOT an essential feature of a partnership?

Q18. Forming a Partnership Deed is:

Q19. Partnership Deed is also called.

Q20. Which of the following is not incorporated in the Partnership Act?

Q21. When is the Partnership Act enforced?

Q37. In the absence of Partnership Deed:

Q38. In the absence of express agreement, interest @ 6% p.a. is provided :

Q40. Is rent paid to a partner appropriation of profits?

Multiple Choice Questions:

b) Manya‘s capital A/c Dr. 60,000

c) Manya‘s current A/c Dr. 60,000

Liabilities Amount₹ Assets Amount₹

Capitals : Machinery 75,000

1 What will be the capital employed of the firm?

c) Saurabh‘s Capital A/c Dr. 20,000

1 What is the gaining /sacrificing ratio of A and B?

Assertion Reasoning Based Questions

6 Assertion: In Super Profit Method, Goodwill is calculated on the basis of surplus

TRUE / FALSE TYPE QUESTION

3 Which of the following statement is false regarding Purchased Goodwill?

MATCH THE FOLLOWING TYPE QUESTION

1 Identify the correct set for the following:

(a) i) A, ii) B, iii) C, iv) D

(a) i) A, ii) B, iii) C, iv) D

Multiple Choice Questions

9. Revaluation Account or Profit and Loss Adjustment A/c is a

14. On the admission of a new partner:

17. Yadav would bring ₹ ....................................... as his share of goodwill.

19. The amount Provision for Bad Debts would be ₹ ……………………

21. Sacrificing Ratio of A and B will be:

23. Which of the following is correct treatment:

(A) Shikha … Dr 2,500

25. Balance of Profit and Loss A/c will be :

Assertion – Reasoning Based Questions

Kappu was admitted into partnership as per following terms: -

(b) He will get 1/4th share in profits.

(e) Furniture is to be depreciated by 5 %.