PSEB-XII SERIES
Accountancy

Balance Sheet Statement

2 previous year questions.

Volume: 2 Ques
Yield: Medium

High-Yield Trend

2
2025

Chapter Questions
2 MCQs

01
PYQ 2025
medium
accountancy ID: pseb-xii

Star and Moon were partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2024 the Balance Sheet of the firm was as follows:

They admitted Sun into partnership on 1st April, 2024 for 1/10 share. It was agreed as follows:
Sun brings β‚Ή6,00,000 as capital but could not bring goodwill in cash.
Goodwill is valued at β‚Ή4,00,000.
Provision on debtors is required @10%.
Interest on Bank Loan for 6 months is due @12% p.a.
Liability to workers is β‚Ή15,000 against Workmen Compensation Reserve.
Unrecorded stock of β‚Ή40,000 is taken by Star at β‚Ή38,000.
Prepare Revaluation Account and Partners’ Capital Accounts.

02
PYQ 2025
medium
accountancy ID: pseb-xii

Debtors appearing in the Balance Sheet of a firm were as follows:

On dissolution of firm, bad debts were β‚Ή40,000 and the remaining debtors were realised at 5% discount. How much amount was realised from Debtors?