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Strictly Confidential: (For Internal and Restricted use only)
Senior School Certificate Examination July 2019
Marking Scheme
ACCOUNTANCY (055)
(67/1/1, 67/1/2, 67/1/3)
General Instructions: -
1. You are aware that evaluation is the most important process in the actual and correct assessment of the
candidates. A small mistake in evaluation may lead to serious problems which may affect the future of
the candidates, education system and teaching profession. To avoid mistakes, it is requested that before
starting evaluation, you must read and understand the spot evaluation guidelines carefully. Evaluation is
a 10-12 days mission for all of us. Hence, it is necessary that you put in your best efforts in this
process.
2. Evaluation is to be done as per instructions provided in the Marking Scheme. It should not be done
according to one’s own interpretation or any other consideration. Marking Scheme should be strictly
adhered to and religiously followed.However, while evaluating, answers which are based on latest
information or knowledge and/or are innovative, they may be assessed for their correctness
otherwise and marks be awarded to them.
3. The Head-Examiner must go through the first five answer books evaluated by each evaluator on the first
day, to ensure that evaluation has been carried out as per the instructions given in the Marking Scheme.
The remaining answer books meant for evaluation shall be given only after ensuring that there is no
significant variation in the marking of individual evaluators.
4. Evaluators will mark( √ ) wherever answer is correct. For wrong answer ‘X’ be marked. Evaluators
will not put right kind of mark while evaluating which gives an impression that answer is correct and no
marks are awarded. This is most common mistake which evaluators are committing.
5. If a question has parts, please award marks on the right-hand side for each part. Marks awarded for
different parts of the question should then be totaled up and written in the left-hand margin and
encircled. This may be followed strictly.
6. If a question does not have any parts, marks must be awarded in the left hand margin and encircled.This
may also be followed strictly.
7. If a student has attempted an extra question, answer of the question deserving more marks should be
retained and the other answer scored out.
8. No marks to be deducted for the cumulative effect of an error. It should be penalized only once.
9. A full scale of marks 0-80 has to be used. Please do not hesitate to award full marks if the answer
deserves it.
10. Every examiner has to necessarily do evaluation work for full working hours i.e. 8 hours every day and
evaluate answer books per day.
11. Ensure that you do not make the following common types of errors committed by the Examiner in the
past:-
• Leaving answer or part thereof unassessed in an answer book.
1
, • Giving more marks for an answer than assigned to it.
• Wrong transfer of marks from the inside pages of the answer book to the title page.
• Wrong question wise totaling on the title page.
• Wrong totaling of marks of the two columns on the title page.
• Wrong grand total.
• Marks in words and figures not tallying.
• Wrong transfer of marks from the answer book to online award list.
• Answers marked as correct, but marks not awarded. (Ensure that the right tick mark is correctly and
clearly indicated. It should merely be a line. Same is with the X for incorrect answer.)
• Half or a part of answer marked correct and the rest as wrong, but no marks awarded.
12. While evaluating the answer books if the answer is found to be totally incorrect, it should be marked as
(X) and awarded zero (0)Marks.
13. Any unassessed portion, non-carrying over of marks to the title page, or totaling error detected by the
candidate shall damage the prestige of all the personnel engaged in the evaluation work as also of the
Board. Hence, in order to uphold the prestige of all concerned, it is again reiterated that the instructions
be followed meticulously and judiciously.
14. The Examiners should acquaint themselves with the guidelines given in the Guidelines for spot
Evaluation before starting the actual evaluation.
15. Every Examiner shall also ensure that all the answers are evaluated, marks carried over to the title page,
correctly totaled and written in figures and words.
16. The Board permits candidates to obtain photocopy of the Answer Book on request in an RTI application
and also separately as a part of the re-evaluation process on payment of the processing charges.
2
,Subscribe YouTube Channel:- Commerce School - CBSE
ACCOUNTANCY
Marking Scheme 2018-19
67 67 67 Accountancy (055) MARKS
/1 /1 /1 Delhi Compartment 67/1/1
/1 /2 /3 Expected Answers/ Value Points
1 4 6 Q. What is meant by over subscription of shares?
Ans. Oversubscription of shares means that the company receives applications for
more than the number of shares offered to the public for subscription. 1 mark
OR OR
Q. What is meant by ‘par value’ of a share?
Ans. Par value is the nominal value or the face value of the share. 1 mark
2 5 5 Q. A, B and C were partners sharing profits in the ratio of 5 : 4 : 3. They decided
to change their profit sharing ratio to 2 : 2 : 1 w.e.f. 1st April, 2019. On that date,
there was a balance of ₹3,00,000 in General Reserve and a debit balance of
₹4,80,000 in the Profit and Loss Account. Pass necessary journal entries for the
above on account of change in the profit sharing ratio.
3
, Ans. Journal
Date Particulars Dr. (₹) Cr. (₹)
2019 General reserve A/c Dr. 3,00,000
Apr 1 To A’s Capital A/c 1,25,000
To B’s Capital A/c 1,00,000
To C’s Capital A/c 75,000 ½x2
(Being general reserve distributed among the
partners in the old ratio) =
“ A’s Capital A/c Dr. 2,00,000 1 mark
B’s Capital A/c Dr. 1,60,000
C’s Capital A/c Dr. 1,20,000
To Profit and Loss A/c 4,80,000
(Being debit balance of Profit and Loss account
debited to the old partners in the old profit sharing
ratio)
.
3 2 4 Q. Raj and Seema started a partnership firm on 1st July, 2018. They agreed that
Seema was entitled to a commission of 10% of the net profit after charging Raj’s
salary of ₹2,500 per quarter and Seema’s commission. The net profit before
charging Raj’s salary and Seema’s commission for the year ended 31st March,
2019 was ₹2,27,500. Calculate Seema’s commission.
4
Strictly Confidential: (For Internal and Restricted use only)
Senior School Certificate Examination July 2019
Marking Scheme
ACCOUNTANCY (055)
(67/1/1, 67/1/2, 67/1/3)
General Instructions: -
1. You are aware that evaluation is the most important process in the actual and correct assessment of the
candidates. A small mistake in evaluation may lead to serious problems which may affect the future of
the candidates, education system and teaching profession. To avoid mistakes, it is requested that before
starting evaluation, you must read and understand the spot evaluation guidelines carefully. Evaluation is
a 10-12 days mission for all of us. Hence, it is necessary that you put in your best efforts in this
process.
2. Evaluation is to be done as per instructions provided in the Marking Scheme. It should not be done
according to one’s own interpretation or any other consideration. Marking Scheme should be strictly
adhered to and religiously followed.However, while evaluating, answers which are based on latest
information or knowledge and/or are innovative, they may be assessed for their correctness
otherwise and marks be awarded to them.
3. The Head-Examiner must go through the first five answer books evaluated by each evaluator on the first
day, to ensure that evaluation has been carried out as per the instructions given in the Marking Scheme.
The remaining answer books meant for evaluation shall be given only after ensuring that there is no
significant variation in the marking of individual evaluators.
4. Evaluators will mark( √ ) wherever answer is correct. For wrong answer ‘X’ be marked. Evaluators
will not put right kind of mark while evaluating which gives an impression that answer is correct and no
marks are awarded. This is most common mistake which evaluators are committing.
5. If a question has parts, please award marks on the right-hand side for each part. Marks awarded for
different parts of the question should then be totaled up and written in the left-hand margin and
encircled. This may be followed strictly.
6. If a question does not have any parts, marks must be awarded in the left hand margin and encircled.This
may also be followed strictly.
7. If a student has attempted an extra question, answer of the question deserving more marks should be
retained and the other answer scored out.
8. No marks to be deducted for the cumulative effect of an error. It should be penalized only once.
9. A full scale of marks 0-80 has to be used. Please do not hesitate to award full marks if the answer
deserves it.
10. Every examiner has to necessarily do evaluation work for full working hours i.e. 8 hours every day and
evaluate answer books per day.
11. Ensure that you do not make the following common types of errors committed by the Examiner in the
past:-
• Leaving answer or part thereof unassessed in an answer book.
1
, • Giving more marks for an answer than assigned to it.
• Wrong transfer of marks from the inside pages of the answer book to the title page.
• Wrong question wise totaling on the title page.
• Wrong totaling of marks of the two columns on the title page.
• Wrong grand total.
• Marks in words and figures not tallying.
• Wrong transfer of marks from the answer book to online award list.
• Answers marked as correct, but marks not awarded. (Ensure that the right tick mark is correctly and
clearly indicated. It should merely be a line. Same is with the X for incorrect answer.)
• Half or a part of answer marked correct and the rest as wrong, but no marks awarded.
12. While evaluating the answer books if the answer is found to be totally incorrect, it should be marked as
(X) and awarded zero (0)Marks.
13. Any unassessed portion, non-carrying over of marks to the title page, or totaling error detected by the
candidate shall damage the prestige of all the personnel engaged in the evaluation work as also of the
Board. Hence, in order to uphold the prestige of all concerned, it is again reiterated that the instructions
be followed meticulously and judiciously.
14. The Examiners should acquaint themselves with the guidelines given in the Guidelines for spot
Evaluation before starting the actual evaluation.
15. Every Examiner shall also ensure that all the answers are evaluated, marks carried over to the title page,
correctly totaled and written in figures and words.
16. The Board permits candidates to obtain photocopy of the Answer Book on request in an RTI application
and also separately as a part of the re-evaluation process on payment of the processing charges.
2
,Subscribe YouTube Channel:- Commerce School - CBSE
ACCOUNTANCY
Marking Scheme 2018-19
67 67 67 Accountancy (055) MARKS
/1 /1 /1 Delhi Compartment 67/1/1
/1 /2 /3 Expected Answers/ Value Points
1 4 6 Q. What is meant by over subscription of shares?
Ans. Oversubscription of shares means that the company receives applications for
more than the number of shares offered to the public for subscription. 1 mark
OR OR
Q. What is meant by ‘par value’ of a share?
Ans. Par value is the nominal value or the face value of the share. 1 mark
2 5 5 Q. A, B and C were partners sharing profits in the ratio of 5 : 4 : 3. They decided
to change their profit sharing ratio to 2 : 2 : 1 w.e.f. 1st April, 2019. On that date,
there was a balance of ₹3,00,000 in General Reserve and a debit balance of
₹4,80,000 in the Profit and Loss Account. Pass necessary journal entries for the
above on account of change in the profit sharing ratio.
3
, Ans. Journal
Date Particulars Dr. (₹) Cr. (₹)
2019 General reserve A/c Dr. 3,00,000
Apr 1 To A’s Capital A/c 1,25,000
To B’s Capital A/c 1,00,000
To C’s Capital A/c 75,000 ½x2
(Being general reserve distributed among the
partners in the old ratio) =
“ A’s Capital A/c Dr. 2,00,000 1 mark
B’s Capital A/c Dr. 1,60,000
C’s Capital A/c Dr. 1,20,000
To Profit and Loss A/c 4,80,000
(Being debit balance of Profit and Loss account
debited to the old partners in the old profit sharing
ratio)
.
3 2 4 Q. Raj and Seema started a partnership firm on 1st July, 2018. They agreed that
Seema was entitled to a commission of 10% of the net profit after charging Raj’s
salary of ₹2,500 per quarter and Seema’s commission. The net profit before
charging Raj’s salary and Seema’s commission for the year ended 31st March,
2019 was ₹2,27,500. Calculate Seema’s commission.
4
