Maharashtra HSC Bookkeeping & Accountancy case studies
Maharashtra HSC Bookkeeping & Accountancy · Put your knowledge to work in context.
The Maharashtra HSC Book-keeping & Accountancy paper is the Class XII accountancy examination set by the Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE). It is taken by Commerce stream students who need the subject for their Higher Secondary Certificate, and it also serves as the accounting foundation for candidates moving into B.Com, CA foundation, CS, CMA or office and accounting jobs. The Maharashtra HSC Bookkeeping & Accountancy case studies are 5 cases and about 2,095 words.
1Depreciation on a Lathe Bought Second-Hand and Sold Mid-Year
On 1 October 2022, M/s Ganesh Fabricators purchased a second-hand lathe for ₹6,00,000. It spent ₹40,000 on overhauling the machine and ₹20,000 on installation.
360 words, about 2 min2Reconciling an Overdraft When the Bank Has Recorded Items the Cash Book Has Not
On 31 March 2024 the cash book of M/s Kiran Enterprises showed an overdraft of ₹9,600. The bank pass book showed a different balance.
441 words, about 2 min3Suspense Account and Net Profit Effect of Six Discovered Errors
M/s Rohan Traders prepared its trial balance on 31 March 2024. The debit total exceeded the credit total by ₹5,500, and the difference was placed in a Suspense Account.
426 words, about 2 min4Gross Profit and Net Profit with Drawings, Free Samples and Year-End Adjustments
M/s Sagar Traders is a proprietary concern. For the year ended 31 March 2024, its trial balance shows: opening stock ₹80,000; purchases ₹5,20,000; sales ₹8,40,000; returns inward ₹20,000; returns outward ₹15,000; wages ₹45,000; carriage inward ₹10,000; salaries ₹60,000; rent ₹24,000; bad debts ₹8,000; debtors ₹1,20,000; provision for doubtful debts (opening) ₹6,000; closing stock ₹95,000.
443 words, about 2 min5Discounting, Dishonour, Renewal and Insolvency of a Bill of Exchange
On 1 January 2024, Ravi sold goods to Suresh for ₹1,20,000 and drew a three-month bill of exchange on him for the full amount. Suresh accepted the bill on the same day.
425 words, about 2 min