CHSE Odisha Elective Accountancy case studies
CHSE Odisha Elective Accountancy · Put your knowledge to work in context.
The CHSE Odisha Elective Accountancy paper is the accountancy elective taken by +2 (higher secondary) commerce students under the Council of Higher Secondary Education, Odisha. It is a school-leaving subject examination, not a professional certification: your mark on it feeds into your higher secondary result and into the percentage that colleges and universities use when you apply for B.Com, BBA, CA foundation registration and similar routes. The CHSE Odisha Elective Accountancy case studies are 5 cases and about 1,955 words.
1Reconciling a Stubborn Bank Balance
On 31 March 2024 the bank column of M/s Jagannath Traders' cash book showed a debit balance of ₹42,600, while the bank statement showed a credit balance of ₹39,700. The proprietor has already checked additions.
439 words, about 2 min2Depreciation on a Sold and a New Machine
On 1 July 2021 M/s Print Point purchased a printing machine for ₹8,00,000 and spent ₹40,000 on freight and installation. Depreciation is charged at 15% p.a.
389 words, about 2 min3Sole Proprietor's Profit with Hidden Drawings
M/s Konark Stores, a sole proprietor, extracted the following balances on 31 March 2024: opening stock ₹1,20,000; purchases ₹6,80,000; wages ₹90,000; salaries ₹1,44,000; rent ₹60,000; insurance ₹24,000; debtors ₹2,50,000; machinery ₹4,00,000; cash ₹35,000; drawings ₹50,000; sales ₹11,20,000; sundry creditors ₹2,13,000; bank overdraft ₹80,000; capital ₹4,40,000. Adjustments: closing stock ₹1,50,000; wages outstanding ₹10,000; insurance prepaid ₹6,000; bad debts ₹10,000 and a provision for doubtful debts at 5% on remaining debtors; depreciation on machinery at 10%; goods costing ₹8,000 withdrawn by the proprietor were included in purchases but no entry was made for the withdrawal.
373 words, about 2 min4Admission with Goodwill and Capital Adjustment
A and B share profits in the ratio 3:2. Their capitals on 31 March 2024, before admission, are ₹1,50,000 and ₹1,00,000.
395 words, about 2 min5Forfeiture and Reissue at an Invalid Price
Sunrise Ltd issued 10,000 equity shares of ₹10 each at par, payable ₹3 on application, ₹4 on allotment and ₹3 on final call. Applications were received for 12,000 shares and allotment was made pro rata to all applicants; the excess application money was adjusted against allotment.
359 words, about 2 min