PSEB SS Accountancy case studies
PSEB SS Accountancy · Put your knowledge to work in context.
The PSEB Senior Secondary Accountancy examination is the Class 12 Accountancy paper of the Punjab School Education Board, the body that "came into existence through a legislative enactment in November 1969 for the development and promotion of school education in the state of Punjab." It is taken by regular Class 12 students in PSEB-affiliated schools, by open school candidates, and by re-appear or improvement candidates, and it is a common route into B.Com, BBA and professional courses. The paper is built around four connected areas: partnership fundamentals, the reconstitution of firms through admission, retirement and death, share capital and debentures, and the financial statements of not-for-profit organisations together with company accounts. The PSEB SS Accountancy case studies are 5 cases and about 4,789 words.
1When Appropriations Exceed the Profit: Sandhu & Grewal
M/s Sandhu & Grewal is a partnership firm of Harjit Sandhu and Navdeep Grewal, sharing profits and losses in the ratio 3 : 2. Their fixed capitals on 1 April 2023 were ₹6,00,000 and ₹4,00,000 respectively.
954 words, about 5 min2Admission of Tanvir: Sacrifice, Revaluation and a Dissenting Partner
M/s Doaba Textiles is a partnership firm of Karamjit Singh and Simranjit Kaur, sharing profits in the ratio 3 : 1, with capitals of ₹3,00,000 and ₹2,00,000. On 1 April 2024 they admit Tanvir Ahmed for a 1/5 share.
940 words, about 5 min3Death of Balwinder: Executor's Claim and Silent Deed
M/s Majha Traders has partners Gurpreet, Balwinder and Jaspreet, sharing profits and losses in the ratio 2 : 2 : 1. Balwinder died on 31 July 2023.
984 words, about 5 min4Pro-Rata Allotment and Forfeiture at Ludhiana Fabrics Ltd
Ludhiana Fabrics Ltd has an authorised capital of ₹20,00,000 divided into 2,00,000 equity shares of ₹10 each. The company issued 80,000 equity shares of ₹10 each at par, payable as ₹3 on application, ₹4 on allotment and ₹3 on the first and final call.
916 words, about 5 min5Converting Receipts to Income: The Youth Sports Club, Patiala
The Youth Sports Club, Patiala, maintains its records on a cash basis and has asked you to prepare its Income and Expenditure Account for the year ended 31 March 2024 from its Receipts and Payments Account. Subscriptions appearing in the Receipts and Payments Account are ₹3,40,000.
995 words, about 5 min