Balance Sheet Statement
2 previous year questions.
High-Yield Trend
Chapter Questions 2 MCQs
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 ₹6,00,000 as capital but could not bring goodwill in cash.
Goodwill is valued at ₹4,00,000.
Provision on debtors is required @10%.
Interest on Bank Loan for 6 months is due @12% p.a.
Liability to workers is ₹15,000 against Workmen Compensation Reserve.
Unrecorded stock of ₹40,000 is taken by Star at ₹38,000.
Prepare Revaluation Account and Partners’ Capital Accounts.
Debtors appearing in the Balance Sheet of a firm were as follows: 
On dissolution of firm, bad debts were ₹40,000 and the remaining debtors were realised at 5% discount. How much amount was realised from Debtors?
About Balance Sheet Statement - PSEB-XII
Balance Sheet Statement is a vital chapter for PSEB-XII aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.
By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.
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