{"id":29430,"date":"2022-06-02T15:38:32","date_gmt":"2022-06-02T10:08:32","guid":{"rendered":"https:\/\/mycbseguide.com\/blog\/?p=29430"},"modified":"2022-06-02T15:38:32","modified_gmt":"2022-06-02T10:08:32","slug":"class-12-accountancy-case-study-questions","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/","title":{"rendered":"Class 12 Accountancy Case Study Questions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Case_Study_Questions_on_myCBSEguide_App\" >Case Study Questions on myCBSEguide App<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Class_12_Accountancy_Scope\" >Class 12 Accountancy Scope<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Case_Study_Questions_in_class_12_Accountancy\" >Case Study Questions in class 12 (Accountancy)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#The_purpose_of_Case_Study_Questions\" >The purpose of Case Study Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Case_Studies_and_NEP_2020\" >Case Studies and NEP 2020<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Introduction_of_Case_Study_Questions\" >Introduction of Case Study Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Accountancy_syllabus_of_class_12_CBSE\" >Accountancy syllabus of class 12 CBSE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Accountancy_Textbooks\" >Accountancy Textbooks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Marks_Distribution\" >Marks Distribution<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Case_Study_Passage_Accountancy_class_12\" >Case Study Passage (Accountancy class 12)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Kind_of_case-based_Questions_in_Accountancy\" >Kind of case-based Questions in Accountancy<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#How_To_Prepare_For_Case-based_Questions\" >How To Prepare For Case-based Questions?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Case_study_question_examples_in_accountancy\" >Case study question examples in accountancy<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#12th_Accountancy_Case_Study_1\" >12th Accountancy Case Study 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#12th_Accountancy_Case_Study_2\" >12th Accountancy Case Study 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#12th_Accountancy_Case_Study_3\" >12th Accountancy Case Study 3<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/#Advantages_of_case_study_questions_in_Accountancy\" >Advantages of case study questions in Accountancy<\/a><\/li><\/ul><\/nav><\/div>\n<p>CBSE has issued a question bank for students. It has many questions on the new exam pattern. Students can download CBSE Class 12 Accountancy Case Study Questions from the <a href=\"https:\/\/cbseacademic.nic.in\/qbclass12.html\">CBSE<\/a> website. But this question bank has very limited questions from each chapter.<\/p>\n<p><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/media-mycbseguide.s3.amazonaws.com\/images\/blog\/12_acc_cbq.jpeg\" alt=\"Class 12 Accountancy Case Study Questions\" width=\"1280\" height=\"720\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Case_Study_Questions_on_myCBSEguide_App\"><\/span>Case Study Questions on myCBSEguide App<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since the CBSE question bank has only sample questions, students need more questions to practice. Here, the myCBSEguide app helps you a lot. We have hundreds of case study questions for CBSE class 12 Accountancy and other subjects. Just install the <strong><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\">myCBSEguide app<\/a><\/strong> and get access to complete course material for class 12 Accountancy.<\/p>\n<p style=\"text-align: center;\"><a class=\"mks_button mks_button_medium squared\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\" target=\"_self\" style=\"color: #FFFFFF; background-color: #06680b;\" >12 Accountancy Case Study Questions<\/a>\n<h2><span class=\"ez-toc-section\" id=\"Class_12_Accountancy_Scope\"><\/span>Class 12 Accountancy Scope<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For students appearing for grade 12 CBSE exams from the Commerce stream, Accountancy is a very important subject. Accountancy is considered to be the toughest of all other core subjects in the CBSE class 12 commerce stream. To ace this CBSE exam, students need to burn the midnight oil.<\/p>\n<p>Among all the mandatory subjects of the Commerce stream i.e accountancy, economics and business studies, it\u2019s accountancy that poses a lot of challenges to the students with its complex theories and principles. It is definitely not a cakewalk to score well in the CBSE 12 grade accountancy examination without adequate practice and knowledge .<\/p>\n<p>Many students who opt for the commerce stream after their 10-grade exams aspire to become chartered accountants, so the subject is of utmost importance for them. Accountancy is a logical subject that involves conceptual clarity followed by practice with the right approach.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Case_Study_Questions_in_class_12_Accountancy\"><\/span><b>Case Study Questions in class 12 (Accountancy)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CBSE introduced case-based questions in class 12 accountancy question paper last year i.e 2021 to enhance critical thinking in students. CBSE introduced a few changes in the accountancy class 12 question paper so as to <b>enhance and develop analytical and reasoning skills among students. <\/b>The questions would be based on real-life scenarios encountered by mankind.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_purpose_of_Case_Study_Questions\"><\/span>The purpose of Case Study Questions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The sole purpose of introducing case-based questions in the class 12 curriculum by CBSE was to drift from rote learning to competency and situation-based learning.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Case_Studies_and_NEP_2020\"><\/span>Case Studies and NEP 2020<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Sanyam Bhardwaj, controller of examinations, CBSE focussed on the fact that case-based questions would enhance the critical reasoning skills of the students. He highlighted the fact that adding such questions to the examination was a step toward achieving the goals of the National Education Policy (NEP) 2020.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Introduction_of_Case_Study_Questions\"><\/span>Introduction of Case Study Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Last year 8 sample case-based questions were released by the CBSE and immediately a panic situation was created among the teachers as well as students. The concept was new and unexplored. A hypothetical text was provided on the basis of which the student was required to solve the given case-based question asked by CBSE in the accountancy class 12 exam.<\/p>\n<p>Initially, the case-based questions appeared to be puzzling and tricky for both the students and the teachers. Perhaps, they were reluctant on experimenting with something new but now a lot more clarity is there that has made the question paper quite a student friendly.<br \/>\n<b><\/b><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Accountancy_syllabus_of_class_12_CBSE\"><\/span><b>Accountancy syllabus of class 12 CBSE<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The entire Accountancy course is divided into 2 parts:<\/p>\n<ul>\n<li>Part A: Accounting for partnership firms<\/li>\n<li>Part B: Analysis of financial statement OR Computerized Accounting<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Accountancy_Textbooks\"><\/span>Accountancy Textbooks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Most of the CBSE board questions are based on the exercises of NCERT textbooks. It is recommended to go through the textbooks rigorously. Three books have been published by NCERT. But Accountancy is a vast subject and students need to follow and practice other reference books too. Adhering only to NCERT textbooks will not be adequate to excel in this commerce stream subject.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Marks_Distribution\"><\/span>Marks Distribution<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: center;\"><b>CBSE Class &#8211; 12 <\/b><b>Accountancy (Code No. 055)<\/b><\/p>\n<p><b>Theory: <\/b>80 Marks<br \/>\n<b>Project:<\/b> 20 Marks<\/p>\n<table style=\"width: 100%;\" border=\"1\" width=\"100%\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td><b>Units<\/b><\/td>\n<td><\/td>\n<td><b>Periods<\/b><\/td>\n<td><b>Marks<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Part A<\/b><\/td>\n<td><b>Accounting for Partnership Firms and Companies<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Unit 1. Accounting for Partnership Firms<\/td>\n<td>105<\/td>\n<td>36<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Unit 2. Accounting for Companies<\/td>\n<td>45<\/td>\n<td>24<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><b>150<\/b><\/td>\n<td><b>60<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Part B<\/b><\/td>\n<td><b>Financial Statement Analysis<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Unit 3. Analysis of Financial Statements<\/td>\n<td>30<\/td>\n<td>12<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Unit 4. Cash Flow Statement<\/td>\n<td>20<\/td>\n<td>8<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><b>50<\/b><\/td>\n<td><b>20<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Part C<\/b><\/td>\n<td><b>Project Work<\/b><\/td>\n<td>20<\/td>\n<td>20<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Project work will include:<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Project File: 4 Marks<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Written Test: 12 Marks (One Hour)<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Viva Voce: 4 Marks<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><b>OR<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Part B<\/b><\/td>\n<td><b>Computerized Accounting<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Unit 4. Computerized Accounting<\/td>\n<td>50<\/td>\n<td>20<\/td>\n<\/tr>\n<tr>\n<td><b>Part C<\/b><\/td>\n<td><b>Practical Work<\/b><\/td>\n<td>20<\/td>\n<td>20<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Practical work will include:<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Practical File 4 Marks<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Practical Examination 12 Marks (One Hour)<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Viva Voce 4 Marks<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Case_Study_Passage_Accountancy_class_12\"><\/span><b>Case Study Passage (Accountancy class 12)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As part of these questions, the students would be provided with a hypothetical situation or text, based on which analytical questions will have to be answered by them. It is a must for the students to read the passage in depth before attempting the questions. In the coming examination cycle (2022-23), case-based questions have a weightage of around 15 to20%. These questions can be based on each chapter in the NCERT book for accountancy, class 12.<\/p>\n<p>Students must prepare well for the case-based questions before appearing for their accountancy board exam as these questions demand complete knowledge of the various concepts in their syllabus. CBSE plans to increase the weightage of such questions in the upcoming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Kind_of_case-based_Questions_in_Accountancy\"><\/span><b>Kind of case-based Questions in Accountancy<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Accountancy is a subject that is closely related to trade and commerce. The subject records allocate and outline the transactions of a business. The subject is for sure demanding thus requiring a greater effort from the students in order to strive for a perfect score. It is termed to be challenging but at the same time, it is scoring.<\/p>\n<p>The case-based questions asked in the CBSE accountancy question paper for class 12 are of two types:<\/p>\n<ul>\n<li>Objective<\/li>\n<li>Subjective<\/li>\n<\/ul>\n<p>As per the latest circular issued by CBSE on Assessment and Evaluation practices of the board for the session 2022-23, CBSE has clearly mentioned that competency-based questions including case studies will be different from subjective questions. It is quite likely that CBSE will ask only objective questions in CBSE class 12 Accountancy case study questions too.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_To_Prepare_For_Case-based_Questions\"><\/span><b>How To Prepare For Case-based Questions?\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Students need to prepare well for the case-based questions before appearing for their class 12 Accountancy board exams. Here are some tips which will help the student to solve the case-based questions at ease:<\/p>\n<ul>\n<li>Read the hypothetical text carefully<\/li>\n<li>Try to comprehend the situation and focus on the question asked<\/li>\n<li>Analyze and carefully answer the question asked<\/li>\n<li>Focus on formats, accountancy is one subject where alongside the concepts students need to be cautious about the formats.<\/li>\n<li>Do not neglect the theory portion of accountancy, this is the key to scoring a perfect score.<\/li>\n<li>Practice as much as possible<\/li>\n<li>Answer briefly and precisely<\/li>\n<\/ul>\n<p>Students need to solidify their concepts in order to ace the accountancy class 12 CBSE board exam. Case studies can be easily solved if your key fundamentals are strong and clear. These simple points if kept in mind will definitely help the students to fetch good marks in case study questions in class 12 Accountancy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Case_study_question_examples_in_accountancy\"><\/span><b>Case study question examples in accountancy<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here are some given case study questions for CBSE class 12 Accountancy. If you wish to get more case study questions and other study material, download the <strong><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\">myCBSEguide app<\/a><\/strong> now. You can also access it through our <strong><a href=\"https:\/\/mycbseguide.com\/dashboard\/home\">student dashboard<\/a><\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12th_Accountancy_Case_Study_1\"><\/span><b>12th Accountancy Case Study 1<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Read the hypothetical text given and answer the following questions:<\/p>\n<p>VIJAYA SHANKAR, an Ex-Indian cricketer decided to start a cricket academy to train the young enthusiastic players down south. With the support and guidance of his family, he started the Star cricket academy at Tirunelveli township area on 1st April 2020. The land\u00a0was donated by his grandfather worth Rs. 10,00,000 as per his will. His father Shankar donated Rs.5,00,000 for the construction and running of the academy. He spent Rs.3,00,000 on the construction of the pavilion. 200 players of Tirunelveli joined the academy and they paid a yearly subscription of Rs.1200 each. 10 players paid in advance for the next year 2021 -22. Vijayashankar appointed a well-experienced coach for them, the coach fee amounted to Rs. 1,20,000 p.a. The maintenance expenses amounted to Rs.75,000. Bats and balls purchased during the year amounted to Rs.15,000. Closing stock of bats and ball amount to Rs.1000.<\/p>\n<p>Based on the above information you are required to answer the following question.<\/p>\n<p>1 What is the Primary source of income for the academy?<\/p>\n<p>2 The amount of subscription to be credited to income and expenditure account&#8212;&#8212;&#8212;&#8212;-<\/p>\n<p>3 How will you treat the land donated by his grandfather?<\/p>\n<p>4 The liability towards advance subscription amounted to:<\/p>\n<p>(a) Rs. 12,000<\/p>\n<p>(b) Rs.24,000<\/p>\n<p>(c) Rs.1,200<\/p>\n<p>(d) Rs.1,20,000<\/p>\n<p>5 The amount of subscription received as per Receipts and payments Account of Star cricket club is:<\/p>\n<p>(a) Rs.2,52,000<\/p>\n<p>(b) Rs.2,40,000<\/p>\n<p>(c) Rs.2,50,000<\/p>\n<p>(d) None of the above<\/p>\n<p>6 What amount should be charged to the Income and Expenditure account for bats and balls consumed during the year?<\/p>\n<p>(a) Rs.15,000<\/p>\n<p>(b) Rs.16,000<\/p>\n<p>(c) Rs.14,000<\/p>\n<p>(d) Rs.13,500<\/p>\n<p><b>Answer Key:<\/b><\/p>\n<p>1 Subscription<\/p>\n<p>2 Rs.2,40,000<\/p>\n<p>3 Vijaya Shankar\u2019s grandfather donated land for cricket coaching which is to be treated as a legacy and is to be capitalized.<\/p>\n<p>4 (a) Rs.12,000<\/p>\n<p>5 (a) Rs.2,52,000<\/p>\n<p>6 ( c) Rs.14,000<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12th_Accountancy_Case_Study_2\"><\/span><b>12th Accountancy Case Study 2<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Nidiya Limited was incorporated on 1st April 2017 with a registered office in Mumbai. The capital clause of the memorandum of Association reflected a registered capital of 8,00,000 equity shares of Rs.10 each and 1,00,000 preference shares of Rs.50 each. Since some large investments were required for building and machinery the company in consultation with vendors, Ms.VPS Enterprises issued 1,00,000 equity shares and 20,000 preference shares at par with them in full consideration of assets acquired. Besides this, the company issued 2,00,000 equity shares for cash at par payable as Rs 3 on application, 2 on the allotment, 3 on the first call and 2 on the second call. To date, the second call has not yet been made and all the shareholders have paid except Mr. Ajay who did not pay allotment and calls on his 300 shares and Mr. Vipul who did not pay the first call on his 200 shares. Shares of Mr. Ajay were then forfeited and out of them, 100 shares were reissued at Rs.12 per share.<\/p>\n<p>Based on the above information you are required to answer the following questions.<\/p>\n<p>1 Shares issue to vendors of building and machinery, Ms. VPS Enterprises, would be classified as:<\/p>\n<ol>\n<li>Preferential Allotment<\/li>\n<li>Employee Stock Option Plan<\/li>\n<li>Issue for Consideration other than cash<\/li>\n<li>Right Issue of Shares<\/li>\n<\/ol>\n<p>2 How many equity shares of the company have been subscribed?<\/p>\n<ol>\n<li>3,00,000<\/li>\n<li>2,99,500<\/li>\n<li>2,99,800<\/li>\n<li>None of these<\/li>\n<\/ol>\n<p>3 What is the amount of security premium reflected in the balance sheet at the end of the year?<\/p>\n<ol>\n<li>\u20b9200<\/li>\n<li>\u20b9600<\/li>\n<li>\u20b9400<\/li>\n<li>\u20b9 1,000<\/li>\n<\/ol>\n<p>4 What amount of share forfeiture would be reflected in the balance sheet?<\/p>\n<ol>\n<li>\u20b9600<\/li>\n<li>\u20b9900<\/li>\n<li>\u20b9200<\/li>\n<li>\u20b9 300<\/li>\n<\/ol>\n<p><b>Answer Key<\/b><\/p>\n<p>1 ( c) Issue for consideration other than cash.<\/p>\n<p>2 ( c) Rs.2,99,800<\/p>\n<p>3 ( c) Rs.400<\/p>\n<p>4 (a) Rs. 600<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12th_Accountancy_Case_Study_3\"><\/span><b>12th Accountancy Case Study 3<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yogadatra Ltd. (pharmaceutical company) appointed marketing expert, Mr. Kartikay as the CEO of the company, with a target to penetrate their roots in the rural regions. Mr. kartikay discussed the ways and means to achieve the target of the company with financial, production and marketing departmental heads and asked the finance manager to prepare the budget. After reviewing the suggestions given by all the departmental heads, the finance manager proposed the requirement of an additional fund of \u20b952,50,000. Yogadatra Ltd. is a zero-debt company. To avail of the benefits of financial leverage, the finance manager proposed to include debt in the capital structure. After deliberations, on April 1, 2020, the board of directors had decided to issue 6% Debentures of \u20b9100 each to the public at a premium of 5%, redeemable after 5 years at \u20b9110 per share.<\/p>\n<p>You are required to answer the following questions:<\/p>\n<p>(i) Calculate the number of debentures to be issued to raise additional funds.<\/p>\n<p>(ii) Pass Journal entry for the allotment of debentures.<\/p>\n<p>(iii)Pass Journal entry to write off loss on issue of debentures.<\/p>\n<p>(iv)Calculate the amount of annual fixed obligation associated with debentures.<\/p>\n<p>(v) Prepare Loss on Issue of Debentures Account.<\/p>\n<p><b>Answer Key<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Advantages_of_case_study_questions_in_Accountancy\"><\/span>Advantages of case study questions in Accountancy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Class 12 Accountancy syllabus is divided into 2 books and CBSE can ask case study questions from any of them. Students are expected to prepare themselves thoroughly for both books. They ought to practice class 12 Accountancy case-based questions from the various options available to them to excel in the subject.<\/p>\n<ul>\n<li>Enhance the analytical skills of students<\/li>\n<li>Provide a complete and detailed understanding of the concepts<\/li>\n<li>Inculcate intellectual capabilities in students<\/li>\n<li>Help students retain knowledge for a longer period of time<\/li>\n<li>The questions would help to discard the concept of rote learning<\/li>\n<li>Case studies promote and strengthen practical learning.<\/li>\n<\/ul>\n<p><b><i>There is no substitute for hard work!<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBSE has issued a question bank for students. It has many questions on the new exam pattern. Students can download CBSE Class 12 Accountancy Case Study Questions from the CBSE website. But this question bank has very limited questions from each chapter. Case Study Questions on myCBSEguide App Since the CBSE question bank has only &#8230; <a title=\"Class 12 Accountancy Case Study Questions\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/\" aria-label=\"More on Class 12 Accountancy Case Study Questions\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1436,48],"tags":[1895],"class_list":["post-29430","post","type-post","status-publish","format-standard","hentry","category-accountancy-cbse-class-12","category-cbse-class-12","tag-case-study-questions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Class 12 Accountancy Case Study Questions | myCBSEguide<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mycbseguide.com\/blog\/class-12-accountancy-case-study-questions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Class 12 Accountancy Case Study Questions | myCBSEguide\" \/>\n<meta property=\"og:description\" content=\"CBSE has issued a question bank for students. 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