ANALYSIS OF THE ACCOUNTANCY QUESTION
PAPER 2025-26 (Q.P. CODE: 67/5/1)
PART A: Accounting for Partnership
Firms and Companies
|
Q.
No. |
Chapter
Title |
Topic |
Subtopic
/ Concept |
Marks |
|
1 |
Accounting
for Partnership Firms - Fundamentals |
Interest
on Drawings |
Calculation
of interest on quarterly drawings made at the beginning of each quarter |
1 |
|
2 |
Reconstitution
of a Partnership Firm - Admission of a Partner |
Rights
of a New Partner |
Assertion-Reason
regarding capital contribution and rights to assets/profits |
1 |
|
3
(a) |
Accounting
for Share Capital |
Forfeiture
and Reissue of Shares |
Calculation
of minimum reissue price of forfeited shares |
1 |
|
3
(b) |
Issue
of Debentures |
Redemption
Conditions |
Accounting
for loss on issue of debentures redeemable at a premium |
1 |
|
4
(a) |
Reconstitution
of a Partnership Firm - Admission of a Partner |
Treatment
of Reserves & Profits |
Distribution
of accumulated Profit & Loss Account balance among old partners |
1 |
|
4
(b) |
Reconstitution
of a Partnership Firm - Death of a Partner |
Treatment
of Goodwill |
Journal
entry for adjustment of deceased partner's share of goodwill |
1 |
|
5 |
Accounting
for Partnership Firms - Fundamentals |
Valuation
of Goodwill |
Calculation
of average profits using the Super Profit Method |
1 |
|
6
(a) |
Accounting
for Share Capital |
Types
of Share Capital |
Concept
and definition of Reserve Capital |
1 |
|
6
(b) |
Issue
of Debentures |
Types
of Debentures |
Definition
and identification of Zero Coupon Rate Debentures |
1 |
|
7
(a) |
Reconstitution
of a Partnership Firm - Death of a Partner |
Profit
up to the Date of Death |
Accounting
treatment of deceased partner's share of profit using P&L Suspense A/c |
1 |
|
7
(b) |
Reconstitution
of a Partnership Firm - Retirement of a Partner |
Gaining
and Sacrificing Ratio |
Calculation
of gaining/sacrificing share when new ratio changes upon retirement |
1 |
|
8 |
Accounting
for Partnership Firms - Fundamentals |
Partner's
Loan to the Firm |
Calculation
of interest on a partner's loan in the absence of a partnership deed |
1 |
|
9
(a) |
Reconstitution
of a Partnership Firm - Retirement of a Partner |
Gaining
Ratio |
Determination
of gaining ratio among remaining partners upon retirement |
1 |
|
9
(b) |
Reconstitution
of a Partnership Firm - Retirement of a Partner |
Gaining
Ratio |
Calculation
of gaining ratio when a new profit-sharing ratio is specified |
1 |
|
10 |
Accounting
for Partnership Firms - Fundamentals |
Interest
on Drawings (Fixed Capitals) |
Journal
entry for interest on drawings under the Fixed Capital Method (Current A/c) |
1 |
|
11 |
Reconstitution
of a Partnership Firm - Admission of a Partner |
Revaluation
of Assets |
Finding
the original book value of an undervalued asset post-revaluation |
1 |
|
12 |
Issue
of Debentures |
Interest
on Debentures |
Calculation
of annual interest on debentures issued at a premium |
1 |
|
13 |
Issue
of Debentures |
Issue
for Consideration other than Cash |
Calculation
of the number of debentures issued at a discount to a vendor |
1 |
|
14 |
Accounting
for Share Capital |
Forfeiture
of Shares |
Accounting
rule regarding the amount debited to the Share Capital Account |
1 |
|
15 |
Dissolution
of a Partnership Firm |
Settlement
of Liabilities |
Calculation
of the final amount paid to sundry creditors at a discount |
1 |
|
16 |
Reconstitution
of a Partnership Firm - Retirement of a Partner |
Hidden
Goodwill |
Calculation
of the total value of firm's goodwill based on excess settlement amount |
1 |
|
17 |
Reconstitution
of a Partnership Firm - Death of a Partner |
Deceased
Partner's Share & Reserves |
Journal
entries for accrued profits, general reserve, and accumulated P&L debit
balance |
3 |
|
18 |
Reconstitution
of a Partnership Firm - Retirement of a Partner |
Adjustments
on Retirement |
Journal
entries for general reserve distribution, revaluation loss, and goodwill |
3 |
|
19
(a) |
Issue
of Debentures |
Issue
for Consideration other than Cash |
Journal
entries for purchasing business assets/liabilities, bank payment, and
debentures |
3 |
|
19
(b) |
Issue
of Debentures |
Discount
on Issue |
Journal
entries for issuing debentures at a discount and writing it off using
Securities Premium |
3 |
|
20 |
Reconstitution
of a Partnership Firm - Retirement of a Partner |
Workmen
Compensation Fund |
Journal
entries for treatment of WCF under different estimated liability claims |
3 |
|
21 |
Issue
of Debentures |
Terms
of Issue and Redemption |
Journal
entries for issuing debentures at a premium/par with premium on redemption
conditions |
4 |
|
22
(a) |
Accounting
for Partnership Firms - Fundamentals |
Guarantee
of Profit |
Preparation
of Profit & Loss Appropriation Account with a guarantee to a new partner |
4 |
|
22
(b) |
Reconstitution
of a Partnership Firm - Change in Profit Sharing Ratio |
Adjustment
for Goodwill |
Calculation
of sacrificing/gaining shares and passing a single adjustment entry |
4 |
|
23 |
Accounting
for Share Capital |
Comprehensive
Case Study |
Multiple-choice
questions covering Authorised, Issued, Calls-in-Arrears, Forfeiture, and
Capital Reserve |
6 |
|
24 |
Reconstitution
of a Partnership Firm - Admission of a Partner |
Preparation
of Accounts & Capital Adjustment |
Preparation
of Revaluation Account, Partners' Capital Accounts, and calculation of
proportionate capital |
6 |
|
25
(a) |
Accounting
for Share Capital |
Pro-rata
Allotment & Forfeiture |
Full
journal entries for over-subscription, pro-rata adjustment, calls-in-advance,
and forfeiture |
6 |
|
25
(b) |
Accounting
for Share Capital |
Forfeiture
and Reissue Scenarios |
Journal
entries for forfeiture for non-payment of calls and subsequent reissue
(partial and full cases) |
6 |
|
26
(a) |
Reconstitution
of a Partnership Firm - Change in Profit Sharing Ratio |
Comprehensive
Ledger/Journal Adjustments |
Journal
entries for revaluing assets/liabilities, distributing reserves, and
adjusting goodwill |
6 |
|
26
(b) |
Dissolution
of a Partnership Firm |
Realisation
Account |
Preparation
of the Realisation Account handling asset realizations, liability payments,
and takeovers |
6 |
PART B: Option I - Analysis of
Financial Statements
|
Q.
No. |
Chapter
Title |
Topic |
Subtopic
/ Concept |
Marks |
|
27
(a) |
Accounting
Ratios |
Liquidity
Ratios |
Calculation
of the Quick Ratio (Liquid Ratio) from current assets and liabilities |
1 |
|
27
(b) |
Analysis
of Financial Statements |
Users
of Financial Statements |
Identification
of users (Lenders) interested in long-term solvency |
1 |
|
28 |
Cash
Flow Statement |
Classification
of Activities |
Rules
for treating interest and dividend payments in financial vs. non-financial
firms |
1 |
|
29
(a) |
Cash
Flow Statement |
Treatment
of Dividend |
Presentation
and adjustment of interim dividends in a Cash Flow Statement |
1 |
|
29
(b) |
Cash
Flow Statement |
Financing
Activities |
Identification
of elements constituting a financing cash flow item |
1 |
|
30 |
Accounting
Ratios |
Liquidity
Parameters |
Deriving
Current Assets using Working Capital and Current Liabilities formulas |
1 |
|
31 |
Financial
Statements of a Company |
Tools
of Analysis |
Preparation
of a Comparative Statement of Profit and Loss with percentage changes |
3 |
|
32 |
Financial
Statements of a Company |
Schedule
III Balance Sheet format |
Identifying
Major Heads and Sub-heads for Demand Deposits, Long-term Loans, and Livestock |
3 |
|
33
(a) |
Accounting
Ratios |
Activity/Turnover
Ratios |
Impact
analysis of business transactions on the Net Asset Turnover Ratio |
4 |
|
33
(b) |
Accounting
Ratios |
Solvency
Ratios |
Calculation
of Proprietary Ratio and Debt-to-Equity Ratio from given financial data |
4 |
|
34 |
Cash
Flow Statement |
Cash
Flow from Operating Activities |
Calculation
of Cash from Operations adjusting for non-cash items and working capital
changes |
6 |
PART B: Option II - Computerised
Accounting
|
Q.
No. |
Chapter
Title |
Topic |
Subtopic
/ Concept |
Marks |
|
27
(a) |
Computerised
Accounting System |
Accounting
Software |
Identification
of traits that do not belong to Tailored accounting software |
1 |
|
27
(b) |
Electronic
Spreadsheet |
Spreadsheet
Concepts |
Definition
and meaning of a "Derived Value" in execution |
1 |
|
28 |
Electronic
Spreadsheet |
Keyboard
Shortcuts / Navigation |
Shortcut
key combination to navigate between blocks/clusters of data in a column |
1 |
|
29 |
Electronic
Spreadsheet |
Financial
Functions |
Core
purpose and utilization parameters of the PMT function in MS Excel |
1 |
|
30
(a) |
Electronic
Spreadsheet |
Error
Handlers |
Cause
and troubleshooting indication behind the #NAME? error message |
1 |
|
30
(b) |
Computerised
Accounting System |
Security
& Controls |
Definition
and core functionality objective of a Data Vault |
1 |
|
31 |
Computerised
Accounting System |
Data
Processing Architecture |
Concept
of Codification and explanation of Mnemonic Codes with examples |
3 |
|
32 |
Computerised
Accounting System |
Features
of CAS |
Discussing
structural or operational limitations of a Computerised Accounting System |
3 |
|
33
(a) |
Electronic
Spreadsheet |
Formulas
and Cell Referencing |
Definitions
and operational syntax of Relative, Absolute, and Mixed cell referencing |
4 |
|
33
(b) |
Electronic
Spreadsheet |
Data
Functions |
Detailed
explanation of the Array form of the LOOKUP function |
4 |
|
34 |
Electronic
Spreadsheet |
Graphs
and Charts |
Procedures
to customize shape styles and step-by-step methods to utilize shape fill
options |
6 |
Chapter-Wise Weightage Blueprint Table
The
following structured table consolidates the individual question marks to
present the comprehensive weightage of each chapter.
|
Part |
Unit / Chapter Title |
Question Numbers |
Marks per Question |
Total Marks |
|
Part A |
1. Accounting for Partnership
Firms - Fundamentals |
Q1, Q5, Q8, Q10, Q22(a)* |
1 + 1 + 1 + 1 + 4 |
8 Marks |
|
2. Admission of a New Partner |
Q2, Q4(a)*, Q11, Q24 |
1 + 1 + 1 + 6 |
9 Marks |
|
|
3. Retirement and Death of a
Partner |
Q4(b), Q7(a), Q7(b),
Q9(a/b), Q16, Q17, Q18, Q20 |
1 + 1 + 1 + 1 + 1 + 3 + 3 + 3 |
14 Marks |
|
|
4. Change in Profit Sharing
Ratio |
Q22(b), Q26(a) |
4 + 6 |
10 Marks |
|
|
5. Dissolution of a Partnership
Firm |
Q15, Q26(b)* |
1 + 6 |
7 Marks |
|
|
6. Accounting for Share Capital |
Q3(a), Q6(a), Q14, Q23,
Q25(a/b)* |
1 + 1 + 1 + 6 + 6 |
15 Marks |
|
|
7. Accounting for Debentures |
Q3(b), Q6(b), Q12, Q13,
Q19(a/b)*, Q21 |
1 + 1 + 1 + 1 + 3 + 4 |
11 Marks |
|
|
Part B |
8. Financial Statements of a
Company / Tools |
Q27(b)*, Q31, Q32 |
1 + 3 + 3 |
7 Marks |
|
(Opt I) |
9. Accounting Ratios |
Q27(a), Q30, Q33(a/b) |
1 + 1 + 4 |
6 Marks |
|
10. Cash Flow Statement |
Q28, Q29(a/b)*, Q34 |
1 + 1 + 6 |
7 Marks |
|
|
GRAND TOTAL |
34 Questions |
