ACCOUNTANCY

Paper 2
(PRACTICAL)
(Reading Time: 5 minutes)
(Examination Session: 30 minutes)
(Maximum Marks: 10)

INSTRUCTIONS

1. This paper consists of TWO questions. You are required to attempt any one of the questions.

2. All your work should be saved in a folder named with your actual index number on the

Desktop. For example, this folder is named with index number 012070990124.

Your name or school name CANNOT be used as folder name or file names.

3. The intended marks for a question or its parts are given in the brackets [ ].

4. DO NOT leave the examination hall before you have made sure that you have answered all the
required number of questions.

5. Save your work from time to time to prevent loss of work due to unexpected power failure or
hardware / software problem.

6. Make sure that your folder is handed over to the visiting examiner at the end of the practical
examination.

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 Attempt any ONE of the question.

Question 1.

Karma and Jigme had the following details of their partnership firm in 2015. Use MS Access to
draft Profit & Loss Appropriation Account.

Income Amount Expenses Amount

Net profit 50,000 Interest on capital 2,500
Interest on drawings 3,000 Partners salary 4,000
Partners commission 1,000

Instructions:

1. Create a database and name it PLApp in MS Access.

2. Create a Table name Income, with the field name; f_year (enter year),
profit (net profit) and drawings (for interest on drawings). Keep f_year as a
Primary Key. Use appropriate data type in each field and enter date
from the table. [1]

3. Create another table name Expenses, with the field name; f_year, capital
(for interest on capital), salary, commission. Enter data from the table. [1]

4. Draw an appropriate relationship between the two tables. [1]

5. Create a query name divisible, calculate total income, total expenses and
net divisible profit. Hint (net divisible profit=total income - total expenses). [3]

6. Create a form name income_frm, by taking the fields from income table. [1]

7. Create a form name expenses_frm, by taking the fields from expenses table. [1]

8. Create a report name accounts, to show P/L appropriation account. [2]

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Question 2.

Gyeltshen and Dechen are co-venturers in a joint venture firm. Their transaction details
are given below:

A B
Sl.no Particulars Amount
1 Purchases from joint funds 50,000
2 Purchases made by Gyeltshen 20,000
3 Purchases made by Dechen 25,000
4 Sales proceeds deposited into joint bank 70,000
5 Sales made by Gyeltshen 15,000
6 Sales made by Dechen 20,000
7 Closing stock taken by Gyeltshen 10,000
8 Closing stock taken by Dechen 12,000
9 Commission on respective sales 5%

Use Spreadsheet (MS Excel) to draft the Joint Venture Account to find the Joint Venture Profit.

Instructions:

1. Copy the above table in the Excel worksheet. [1]

2. Draw an appropriate table to draft the joint venture account. [1]

3. Link the cells and bring figures to the account and calculate joint venture
profit with the use of excel functions wherever it is possible. [8]

4. No marks will be given if the figures are directly copied to the account.

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