BSEB Inter Accountancy case studies

BSEB Inter Accountancy · Put your knowledge to work in context.

The BSEB Intermediate Accountancy Examination is the Class 12 accountancy paper set by the Bihar School Examination Board for students in the science, commerce and arts streams who choose accountancy as an elective. It is a school-leaving board paper rather than a professional certification: results feed into higher education admission in Bihar and are widely accepted by universities elsewhere in India. The BSEB Inter Accountancy case studies are 5 cases and about 5,430 words.

Goodwill for a Buy-Sell Agreement: Four Years of Profit That Are Not Comparable

M/s Keerti & Sourav is a nine-year-old wholesale stationery firm in Patna. The partners, Keerti and Sourav, share profits 3:2 and have asked you to value the firm's goodwill as on 31 March 2024 for a buy-sell agreement they are signing with an insurer.

1,017 words, about 5 min 2

Admission of Chandni: Revaluation Losses, Goodwill in Cash and a Capital Shortfall

Asha and Bina have run M/s Roshni Traders, a fabric wholesaler, sharing profits 3:2. Their capital accounts on 31 March 2024 stood at ₹4,60,000 and ₹3,10,000, and the firm had a General Reserve of ₹60,000.

1,088 words, about 5 min 3

Dissolution with an Insolvent Partner: Applying Garner v. Murray

M/s Trilok Traders was dissolved on 31 March 2024. The partners - X, Y and Z - shared profits 3:2:1.

1,087 words, about 5 min 4

Forfeiture and Reissue: Pro-rata Allotment, a Defaulting Allottee and a Proposed Premium Issue

Sunrise Ceramics Ltd, incorporated in 2019, has an authorised capital of 5,00,000 equity shares of ₹10 each. In April 2023 it issued 2,00,000 equity shares at par, payable ₹3 on application, ₹4 on allotment and ₹3 on the first and final call.

1,037 words, about 5 min 5

A Current Ratio Above Covenant: Testing the Quality of Current Assets

Bihar Agro Equipments Ltd supplies farm machinery. Extracts from its draft financial statements for the year ended 31 March 2024 (₹ lakh) are: revenue from operations 2,400; cost of goods sold 1,800; inventory 560 (previous year 380); trade receivables 260 (previous year 200); cash and cash equivalents 30; trade payables 300 (previous year 240); other current liabilities 50; equity share capital 600; reserves and surplus 300; 12% debentures 500; credit purchases 1,700.

1,201 words, about 6 min