G D GOENKA PUBLIC SCHOOL, FIROZABAD

SUMMER VACATION HOMEWORK, 2017-18

Class XII Commerce

Instructions:

1. A file must be made for the project work assigned with the name, class
and academic session neatly mentioned on the project file which can be
covered by the brown paper.
2. Any downloaded material from the net should not be pasted directly in
the form of a Xerox.
3. The project should be handwritten only.
4. Last Date of submission of project is,1st week of july 2017.

Accountancy

Q1 A business has earned average profits of Rs.1,00,000 during the lost few
years and the normal rate of return in a similar type of business is 10%.
Ascertain the value of Goodwill by capitalization method. Given that the value
of net asset of the business is Rs.8,20,000.

Q2.The books of the business showed that the capital employed on

31st December 2001 Rs.5,00,000 and profits for the last five years were 1997-
Rs.40,000, 1998-Rs.50,000, 1999-Rs.55,000 2000 – Rs.70,000, 2001-
Rs.85,000. You are required to find out the value of Goodwill based on 3 years
purchase of the super profits by the business. Given that the normal rate of
return is 10%.2

Q3M, K and L are partners, they admit P as a partner with a guarantee that his
share of profit shall not be less than Rs.20,000 per annum. Profits are to be
shared in the proportion of 4:3:3:2. The total profit for the year ended 2002
were Rs.96,000. Prepare P & L Appropriation A/c showing the division of
profit for the year.
Q4 A, B and C are partners with the capital of Rs.10,000 and each share profits
in the ratio of ½, 1/3, 1/6, the net profit for the year 1998 before calculating
interest on capital amounted toRs.13,500. Show the amount of each partner
gain from the firm if 5% interest on the capital is to be calculated before
adjustment of profit.

Q5.A and B are partners sharing profits in the ratio of 3: 2 with capitals of Rs. 5,
00,000 and Rs. 3, 00,000 respectively. Interest on capital is agreed @ 6% p.a.
B is to be allowed an annual salary of Rs. 25000. During 2006, the profits of
the year prior to calculation of interest on capital but after charging B's salary
amounted to Rs. 1,25,000. A provision of 5% of the profits is to be made in
respect of Manager's commission. Prepare an account showing the allocation of
profits and partners' capital accounts.

Q6.X and Y are partners sharing profits and losses in the ratio of 3: 2 with
capitals of Rs. 50,000 and Rs. 30,000 respectively. Each partner is entitled to
6% interest on his capital. X is entitled to a salary of Rs. 800 per month together
with a commission of 10% of net 'Profit remaining after deducting interest on
capitals and salary but before charging any commission. Y is entitled to a salary
of Rs. 600 per month together I. with-a commission of 10% of Net profit
remaining after deducting interest on capitals and salary and after charging all
commissions. The profits for the year prior to calculation of interest on
Capital but after charging salary of partners amounted to Rs. 40,000. Prepare
partners' Capital Accounts:-

Q7.A and B are partners sharing profits and losses in the ratio of 2:1. A
withdraws Rs.1500 at the beginning of each month and B withdrew Rs. 2000 at
the end of each month for 12 months. Interest on drawings was charged @ 6%
p.a. Calculate the interest on drawings of A and B for the year ended 31st
December 2009.

Q8.A, B and C are partners in a firm sharing profits and losses in the ratio of
2:3:5. Their fixed capitals were 15, 00,000, Rs.30, 00,000 and Rs.6, 00,000
respectively. For the year 2009 interest on capital was credited to them @ 12%
instead of 10%. Pass the necessary adjustment entry.
Q9.From the following balance sheet of X and Y, calculate interest on capitals @
10% p.a. payable to X and Y for the year ended 31st December, 2008.

Liabilities Amount Assets Amount

X's Capital 50,000 Sundry Assets 1, 00,000

Y's capital 40,000 Drawings X 10,000
P & L appro A/c (1998) 20,000
1,10,000 1,10,000

During the year 2008, X's drawings were Rs. 10,000 and Y's Drawing were Rs.
3,000. Profit during the year, 2008 was Rs.30, 000.

Q10. A, B and C entered into partnership on 1st April, 2008 to share profits &
losses in the ratio of 4:3:3. A, however, personally guaranteed that C's share of
profit after charging interest on Capital @ 5% p.a. would not be less than Rs.
40,000 in any year. The Capital contributions were: A, Rs. 3, 00,000; B, Rs. 2,
00,000 and C, Rs. 1, 50,000.The profit for the year ended on 31st March,
'2008 amounted to Rs. 1, 60,000. Show the Profit & Loss Appropriation
Account.

Q11.A, and C are partners with fixed capitals of Rs. 2,00,000, Rs. 1,50,000 and
Rs. 1,00,000 respectively. The balance of current accounts on 1st January,
2004 were A Rs. 10,000 (Cr.); B Rs. 4,000 (Cr.) and C Rs. 3,000 (Dr.). A
gave a loan to the firm of Rs. 25,000 on 1st July, 2004. The Partnership deed
provided for the following:-
(i) Interest on Capital at 6%.
(ii) Interest on drawings at 9%. Each partner drew Rs. 12,000 on 1st July, 2004.
(iii) Rs. 25,000 is to be transferred in a Reserve Account.
(iv) Profit sharing ratio is 5:3: 2 up to Rs. 80,000 and above Rs. 80,000
equally. Net Profit of the firm before above adjustments was Rs. 1,98,360.
From the above information prepare Profit and Loss Appropriation Account,
Capital and Current Accounts of the partners.

Q12.Ram and Shyam started a partnership business on 1st January, 2007. Their
capital contributions were Rs. 2,00,000 and Rs. 10,0000 respectively. The
partnership deed provided:i. Interest on capitals @10% p.a.ii. Ram, to get a salary
of Rs. 2,000 p.m. and Shyam Rs. 3,000 p.m.iii. Profits are to be shared in the
ratio of 3:2.The profits for the year ended 31st December, 2007 before making
above appropriations were Rs. 2,16,000. Interest on Drawings amounted to Rs.
2,200 for Ram and Rs. 2,500 for Shyam. Prepare Profit and Loss Appropriation
Account.

Q13.P and Q are partners with capitals of Rs. 6,00,000 and Rs. 4,00,000
respectively. The profit and Loss Account of the firm showed a net Profit of Rs.
4, 26,800 for the year. Prepare Profit and Loss account after taking the
following into consideration:-
(i) Interest on P's Loan of Rs. 2, 00,000 to the firm
(ii) Interest on 'capital to be allowed @ 6% p.a.
(iii) Interest on Drawings @ 8% p.a. Drawings were; P Rs 80,000 and Q Rs.
1000,000.
(iv) Q is to be allowed a commission on sales @ 3%. Sales for the year was Rs.
1000000
(v) 10% of the divisible profits is to be kept in a Reserve Account.

Q14. Comprehensive project of accountancy

Mr Tushar Decided to start a computer business. For this purpose he built the
first floor of his house at a cost of RS 200000 and invested a further sum oF Rs
3500000 in this Business.
He wanted to start with 12 computers Costing Rs 40000 Each. He
Approached ICICI Bank and secure a loan to the 3extent of 75% of the cost of
Computers it Was agreed that the loan will be repaid in four annual installments
as follows:
At the end of the first year 90000+ 360000 for interest
At the end of second year 90000+ 270000 for the interest
At the end of Third year 90000+180000 for the interest
At the end of the fourth year 90000+9000 for the interest

He started business on 1st April 2012. On the same date he deposited Rs.
330000 in the bank. He purchased Computers and Paid 25% of the Value of
computers from his bank And Rs 360000 out of bank Loan availed. He
deposited Rs.10000 for the electricity connection and also deposited Rs
150000 with the VSNL for internet and telephone connection.
 He Spent RS 40000 for getting the computer Café Furnished and also spent
RS 6000 in getting the pamphlets printed and distributed.
All payments were to be made by cheques and all the receipts were to be
deposited in the bank on the same day
At the end of the year, the results were:

Purchases of computer stationary like Floppy Discs, CD’s etc. Rs. 92000
Revenue fro fee received from students of computer classes 270000
Revenue on account of Inter Facility 220000
Revenue from sales of computer stationary 160000
Wages paid to servant 12000
Electricity Charges 48000
Telephone charges 73000
Entertainment expenses 7000
General Expenses 5200

He withdrew Rs 5000 By Cheque each month for his personal expenses and
duly paid the bank loan:
You are required to
(i) Journalize the above transactions, post them into ledger and prepare a
trial balance
(ii) Prepare a profit and loss account and Balance Sheet taking into
consideration that a telephone bill of Rs 6800 is yet to be paid
(iii) Depreciate building by 5% Furniture By 20% And Computers By 30%
(iv) Calculate Profitability ratios and Comment on the efficiency of the
business if the norms set for Gross Profit Ratio and Net Profit Ratio in
similar type of Business enterprises are 60% and 25 % respectively.
(v) Mt Tushar wants to expand his business. He approached the bank
for a further loan. Compute the ratios that the bank manger will take into
consideration before granting the loan (Current Ratio, Quick Ratio and Debt
Equity Ratio)

Entrepreneurship

The main objective of the course in Entrepreneurship is to generate among

students the initiative ,creativity,self-reliance and enthusiasm so as to empower
them to become entrepreneurs, both in spirit and performance.A number of
skills such as observation, evaluation, communication, resource mobilization
and management, risk assessment, team building etc, are also to be developed in
the students. Leadership qualities, sensitivity to business ethics and adherence to
a positive value system are the core disciplines that the course highlights while
presenting different concepts related to entrepreneurship.

Such a course has a strong experiential component in the form of practical work
as below:

Two Projects

1. Market Survey ( options given in NCERT Text book page no 252) 10

marks

2. Business Plan (Outlines as per NCERT Text book page no 269 ) 10 marks

Business Studies

Students are supposed to select two units out of four and are required to make
one project from each selected unit,(consist of two projects of 10 marks each) :

1. The topics have been assigned after discussion with the students in the class
and should then be discussed at every stage of the project.

2.The students must make a presentation of the project before the class

Any One (10 marks):

1.Project – 1 Elements of Business Environment (outlines as per S .Dey Text

Book page no 350)

2.Project – 2 Principles of Management (outlines as per S .Dey Text Book page

no 351)

Any One (10 marks):

3.Project – 3 Stock Exchange(outlines as per S .Dey Text Book page no 352)

4.Project - 4 Marketing Management(outlines as per S .Dey Text Book page

no 352)
Economics

Q1.Unemployment in India is a subject matter of Microeconomics or Marco

economics, give reason.

Q2. What do you mean by alternative uses of resources?

Q3. State three differences between normative economic analysis and positive
economic analysis.

Q4.Why is PPC called opportunity cost curve?

Q5. Calculate MRT from following table what will be the shape of PPF and why?
Good A (units) Good B (units)
60 0
35 1
20 2
10 3
5 4

Q6 What is meant by Marginal Rate of Substitution (MRS).

Q7. What is budget set?

Q8 What is the impact of diminishing marginal rate of substitution on

indifference curve?

Q9. What will be the impact on demand of the substitute good due to increase
in price of the good?

Q10. On the basis of informations given in the following table, prepare the
demand schedules for three
commodities.
Price in Total Expenditure in Rupees
Rs. A B C
2 6 6 6
3 6 5 7
4 6 4 8
 Physical Education (In Physical Education Practical file)

 Write benefits of Asanas.

 Measure resting heart rate and respiratory rate of ten members of the
family and neighborhood for three weeks and show graphical
representation of the data.
 Draw a neat and labeled diagram of court/field and ground of any one
game of your choice. Write history, rules and regulation, terminologies
and important tournaments of that specific game.
Computer

1. Write a program to sum first N terms of the following Series 1 + X/2! – X2 /4! + X3
/6! - X4 /8! + ………………………
2. Write an interactive C++ program to accept an integer and reverse the integer. Display
both the numbers on your screen.
3. Write a menu based program to calculate area of circle, rectangle and triangle on the
basis of user’s choice using function overloading.
4. Declare a class Account to represent bank account of customers with the following
data members. Name of the depositor, account no., type of account(S for saving and
C for current), balance amount. Write a program using above class to do the
following:
• To initialize data members.
• To deposit money.
• To withdraw money after checking the balance (minimum is Rs.1000)
• To display the Details of particular account
• Display the List of all account details.
• Exit.
5. Write a program using function overloading to calculate a^b when
A) a and b are integer c) a and b are real
B) a is real and b is integer d) a is integer and b is real
6. Define a class Applicant in C++ with following description:

Private Members:
 A data member Ano(Admission Number) of type long
 A data member Name of type string
 A data member Agg(Aggregate Marks) of type float
 A data member Grade of type char
  A member function GradeMe() to find the Grade as per the Aggregate Marks
obtained by a student. Equivalent Aggregate Marks range and the respective
Grades as shown as follows:
Aggregate Marks Grade
>=80 A
Less than 80 and>=65 B
Less than 65 and >=50 C
Less than 50 D
Public Members:
 A function ENTER() to allow user to enter values for Ano, Name and call
function GradeMe() to find the Grade..
 A function RESULT() to allow user to view the content of all the data
members. Write a program to input the details about two different students.
Display their details along with the Grade.
7. Write the definition of a class CITY in C++ with following description :
Private Members
- Ccode //Data member for City Code (an integer)
- CName //Data member for City Name (a string)
- Pop //Data member for Population (a long int)
- KM //Data member for Area Coverage (a float)
- Density //Data member for Population Densit(a float)
- DenCal() //A member function to calculate……….
//Density as Pop/KM
Public Members
- Record() //A function to allow user to enter values of
//Acode,Name,Pop,KM and call DenCal()
//function
- View() //A function to display all the data members
//also display a message “Highly Populated
//City” if the Density is more than 10000
8. Define a class train with following members.
Private:
Trainno - int
Destination - String
Distance - float
Fuel - float
A member function called calfuel() as per the following criteria:
 Distance Fuel
<=1500 250
>1500 &<=3000 1000
>3000 2500
Public member:
1) Feed info (): to accept train no, destination, distance and invoke cal fuel ().
2) Show info (): to display all the details for a train.
Mathematics
1) Solve Examples and Miscellaneous Exercises of Ch2, 3, 4 and 5.
2) Revise the chapters done in the class and prepare Ch 3 and 4 for UT-1.
English

Reading Project
Intelligent Reading is the need of today. Summer vacations provide us an
opportunity to refresh our mind and soul to face the world head on…to
emerge out as winners.
Write a book review on “Mayor of Casterbridge” by Thomas Hardy