UPMSP Intermediate Accountancy case studies
UPMSP Intermediate Accountancy · Put your knowledge to work in context.
The UPMSP Intermediate Accountancy exam is the Class XII accountancy paper set by the Uttar Pradesh Madhyamik Shiksha Parishad (UP Board) for students completing the intermediate stage of schooling in Uttar Pradesh. It matters most to regular UP Board candidates who need the subject mark for their Class XII certificate and for admission to commerce and management degrees, and to private or repeat candidates completing accountancy as part of the intermediate curriculum. The UPMSP Intermediate Accountancy case studies are 5 cases and about 3,352 words.
1Reconciling a Cash Book That Already Disagrees with the Bank Statement
On 31 March 2024 the bank column of M/s Agarwal Traders' cash book showed a debit balance of ₹18,600, while the bank statement showed a credit balance of ₹27,650. The proprietor has listed eight differences but is unsure which belong in the cash book and which belong only in the reconciliation.
633 words, about 3 min2Year-End Adjustments Involving Fire Loss, Goods Taken, and Manager Commission
M/s Sharma Enterprises presents the following balances for the year ended 31 March 2024: opening stock ₹1,20,000; purchases ₹8,40,000; wages ₹96,000; carriage inward ₹24,000; salaries ₹1,44,000; rent ₹60,000; advertisement ₹36,000; bad debts ₹18,000; debtors ₹3,60,000; machinery ₹4,80,000; furniture ₹1,20,000; bank ₹84,000; drawings ₹72,000; sales ₹12,60,000; creditors ₹1,80,000; provision for doubtful debts ₹12,000; capital ₹10,02,000. Closing stock is ₹1,80,000.
668 words, about 3 min3Admission of a Partner When Only One Old Partner Sacrifices
A and B have been sharing profits in the ratio 3:2 and their capitals are ₹3,00,000 and ₹2,00,000. They admit C for 1/5 share.
666 words, about 3 min4Pro-Rata Allotment, Forfeiture, and Reissue at a Discount or Premium
Sunrise Ltd issued 1,00,000 equity shares of ₹10 each at par. Applications were received for 1,60,000 shares and allotment was made pro-rata.
648 words, about 3 min5Using Ratios and Cash Flow to Judge Profitability, Activity, and Liquidity
From the books of a trading company for the year ended 31 March 2024: revenue from operations ₹24,00,000; cost of revenue from operations ₹16,80,000; operating expenses ₹2,40,000; other income ₹60,000; interest on 12% debentures ₹1,20,000; tax rate 30%. Inventory was ₹1,80,000 at the beginning and ₹2,40,000 at the end; trade receivables ₹2,40,000 and ₹3,60,000; trade payables ₹1,50,000 and ₹2,10,000.
737 words, about 4 min