Got it ✅ — you want the **HTML code version** of the polished exam paper I gave you earlier so it can go directly into a blog post or website.
Here’s the complete HTML, with clean headings, spacing, and list formatting.
```html
PSMVHSS Kattoor – Quarterly Exam – Accountancy
body {
font-family: Arial, sans-serif;
line-height: 1.6;
margin: 20px;
}
h1, h2, h3 {
color: #2c3e50;
}
h1 {
text-align: center;
text-transform: uppercase;
}
h3 {
margin-top: 30px;
border-bottom: 2px solid #ccc;
padding-bottom: 4px;
}
ul, ol {
margin-left: 20px;
}
.meta {
text-align: center;
font-weight: bold;
}
.tip {
background: #f9f9d2;
border-left: 4px solid #f1c40f;
padding: 10px;
margin-top: 20px;
font-style: italic;
}
PSMVHSS Kattoor — Second Year Higher Secondary Quarterly Examination
Subject: Accountancy
Date: November 2025
Maximum Marks: 60 Time: 2 hrs 15 mins
Section I – One Mark Questions
Answer any four questions from 1 to 6. (4 × 1 = 4)
Partner’s commission is credited to:
a) Profit & Loss Adjustment A/c b) Profit & Loss A/c c) Partner’s Capital A/c d) Profit & Loss Appropriation A/c
Under the fixed capital method, the accounts maintained for each partner are:
a) Capital A/c only b) Current A/c only c) Capital A/c & Current A/c d) None of these
The ratio in which a new partner acquires his share from existing partners is called:
a) New ratio b) Gaining ratio c) Old ratio d) Sacrificing ratio
Goodwill is a/an ______ asset.
a) Intangible b) Tangible c) Current d) Fictitious
State any one right acquired by an incoming partner.
Saleena and Indulekha are partners in the ratio of 3:2. They admit Hima for 1/6 share. The sacrificing ratio is:
a) 3:2 b) 2:1 c) 2:3 d) 1:2
Section II – Two Mark Questions
Answer any four questions from 7 to 10. (4 × 2 = 8)
Briefly explain ‘Partnership Deed’.
Mention any two situations when goodwill is valued.
Write any two provisions applicable in the absence of a partnership deed.
State any two adjustments made at the time of admission of a partner.
Section III – Three Mark Questions
Answer any three questions from 11 to 14. (3 × 3 = 9)
Remya & Sreeja are equal partners. Monthly drawings: ₹3,500 each; interest on drawings @10% p.a. Calculate interest on Remya’s drawings for the year if drawn:
(i) Beginning of every month (ii) Middle of every month (iii) End of every month.
Masi & Rose share profits in the ratio 3:2. Syamala is admitted. Masi surrenders 1/4 of her share, and Rose 1/3 of her share in favour of Syamala. Find the new ratio.
Explain any three factors affecting the valuation of goodwill.
State any three rights of a partner.
Section IV – Four Mark Questions
Answer any two questions from 15 to 17. (2 × 4 = 8)
Profits for 2021, 2022, 2023: ₹20,000, ₹25,000, ₹30,000.
Capital employed: ₹1,50,000; Normal Rate of Return = 10% p.a.
Calculate goodwill using:
(i) Two years’ purchase of average profits
(ii) Three years’ purchase of super profits.
State four differences between Fixed Capital Method and Fluctuating Capital Method.
Explain four provisions of the Partnership Act, 1932 relevant if no partnership deed exists.
Section V – Five Mark Questions
Answer any two questions from 18 to 20. (2 × 5 = 10)
What is partnership? Describe the different modes of reconstitution of a partnership firm.
(New) A & B are partners in the ratio 3:2. They admit C for 1/5 share.
C brings ₹60,000 as capital and ₹20,000 as goodwill premium. Goodwill is retained in the business.
Pass necessary journal entries and prepare Partners’ Capital Accounts.
Explain the steps in calculating goodwill using the Super Profit Method with an example.
Section VI – Eight Mark Questions
Answer any one question from 21 or 22. (1 × 8 = 8)
Badar, Megha, and Ampili have capitals of ₹60,000, ₹50,000, & ₹40,000, sharing profits in 3:2:1.
Badar’s salary = ₹1,000/month; Megha’s commission = ₹7,000; Interest on capitals @6% p.a.
Drawings: Badar ₹5,000 (interest ₹400), Megha ₹5,000 (interest ₹200), Ampili ₹3,000 (interest ₹100).
Net profit = ₹40,000.
Prepare Profit and Loss Appropriation Account.
(Admission of Partner) X & Y share profits 4:3. They admit Z for 1/4 share.
Z brings ₹80,000 as capital and ₹28,000 as goodwill premium, to be credited to old partners’ capital accounts in sacrificing ratio.
Revaluation adjustments: Machinery +₹5,000; Stock –₹2,000; Unrecorded liability ₹1,000.
Prepare:
(i) Revaluation Account (ii) Partners’ Capital Accounts after admission.
💡 Tip for Students: Pay special attention to changes in profit-sharing ratios during admission, retirement, or death of a partner—most calculation errors happen here!
```
***
If you want, I can also make a **print-optimized HTML + CSS** version so that when you print from a browser, it looks exactly like a school exam sheet.
Do you want me to prepare that next?