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Case Study Questions

Practice 23 Case Study questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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11
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2
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Practice by Exam:Accountancy(13)CUET Accountancy(10)

About Case Study — practice questions, PYQs & concepts

Case Study is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 23 Case Study questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Case Study weight in competitive exams

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All Case Study Questions(1–23 of 23)

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Q1mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Amrita and Kalyani are partners sharing profits in the ratio of . They decide to expand the business by admitting Suraj as a new partner for a share. Suraj's share of premium for goodwill is valued at , which he pays to compensate Amrita and Kalyani in an agreed ratio of .The firm's books provide the following information on that date:
image
The claim against the Workmen Compensation Fund is determined to be , and an existing goodwill balance appears in the books at .Calculate the respective shares of Amrita and Kalyani in the revaluation profit.
Q2easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Amrita and Kalyani are partners sharing profits in the ratio of . They decide to expand the business by admitting Suraj as a new partner for a share. Suraj's share of premium for goodwill is valued at , which he pays to compensate Amrita and Kalyani in an agreed ratio of .The firm's books provide the following information on that date:
image
The claim against the Workmen Compensation Fund is determined to be , and an existing goodwill balance appears in the books at .How will the premium for goodwill brought in by Suraj be distributed between Amrita and Kalyani?
Q3mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
XYZ Ltd. operates in the FMCG sector in the South Indian market. To expand into Northern India, the company raises an additional capital of . It raises by issuing Debentures of each at a discount of , redeemable after years. The remaining funds are raised by issuing perpetual Debentures of of each at a premium. After six years of successful operations, the company takes a loan of from PNB, pledging Debentures of as collateral security. The loan is fully repaid within two years.When a company records the issue of debentures as collateral security using the journal entry method, what amount should be debited to the "Debenture Suspense Account"?
Q4mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Amrita and Kalyani are partners sharing profits in the ratio of . They decide to expand the business by admitting Suraj as a new partner for a share. Suraj's share of premium for goodwill is valued at , which he pays to compensate Amrita and Kalyani in an agreed ratio of .The firm's books provide the following information on that date:
image
The claim against the Workmen Compensation Fund is determined to be , and an existing goodwill balance appears in the books at .What is Amrita's share in the unallocated balance of the Workmen Compensation Fund?
Q5easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
XYZ Ltd. operates in the FMCG sector in the South Indian market. To expand into Northern India, the company raises an additional capital of . It raises by issuing Debentures of each at a discount of , redeemable after years. The remaining funds are raised by issuing perpetual Debentures of of each at a premium. After six years of successful operations, the company takes a loan of from PNB, pledging Debentures of as collateral security. The loan is fully repaid within two years.When issuing the debentures of at a discount, what amount should be debited to the "Discount on Issue of Debentures A/c" if all money is received in a single installment?
Q6easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
XYZ Ltd. operates in the FMCG sector in the South Indian market. To expand into Northern India, the company raises an additional capital of . It raises by issuing Debentures of each at a discount of , redeemable after years. The remaining funds are raised by issuing perpetual Debentures of of each at a premium. After six years of successful operations, the company takes a loan of from PNB, pledging Debentures of as collateral security. The loan is fully repaid within two years.How are the debentures (repayable after years) classified based on their redemption terms?
Q7easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
XYZ Ltd. operates in the FMCG sector in the South Indian market. To expand into Northern India, the company raises an additional capital of . It raises by issuing Debentures of each at a discount of , redeemable after years. The remaining funds are raised by issuing perpetual Debentures of of each at a premium. After six years of successful operations, the company takes a loan of from PNB, pledging Debentures of as collateral security. The loan is fully repaid within two years.What are debentures that are perpetual in nature and have no fixed maturity date for repayment called?
Q8mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
XYZ Ltd. operates in the FMCG sector in the South Indian market. To expand into Northern India, the company raises an additional capital of . It raises by issuing Debentures of each at a discount of , redeemable after years. The remaining funds are raised by issuing perpetual Debentures of of each at a premium. After six years of successful operations, the company takes a loan of from PNB, pledging Debentures of as collateral security. The loan is fully repaid within two years.The debentures of ( face value) were issued at a premium. The payment terms are on application, on allotment, and on the first and final call. Calculate the total amount credited to the "Securities Premium Account".
Q9easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Amrita and Kalyani are partners sharing profits in the ratio of . They decide to expand the business by admitting Suraj as a new partner for a share. Suraj's share of premium for goodwill is valued at , which he pays to compensate Amrita and Kalyani in an agreed ratio of .The firm's books provide the following information on that date:
image
The claim against the Workmen Compensation Fund is determined to be , and an existing goodwill balance appears in the books at .What journal entry must be passed to write off the existing goodwill appearing in the books?
Q10easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
Amrita and Kalyani are partners sharing profits in the ratio of . They decide to expand the business by admitting Suraj as a new partner for a share. Suraj's share of premium for goodwill is valued at , which he pays to compensate Amrita and Kalyani in an agreed ratio of .The firm's books provide the following information on that date:

The claim against the Workmen Compensation Fund is determined to be , and an existing goodwill balance appears in the books at .What journal entry must be passed to write off the existing goodwill appearing in the books?
Q11mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: The Life Membership fees received from the 10 members is:
Q12mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
Amrita and Kalyani are partners sharing profits in the ratio of . They decide to expand the business by admitting Suraj as a new partner for a share. Suraj's share of premium for goodwill is valued at , which he pays to compensate Amrita and Kalyani in an agreed ratio of .The firm's books provide the following information on that date:

The claim against the Workmen Compensation Fund is determined to be , and an existing goodwill balance appears in the books at .What is Amrita's share in the unallocated balance of the Workmen Compensation Fund?
Q13mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
Amrita and Kalyani are partners sharing profits in the ratio of . They decide to expand the business by admitting Suraj as a new partner for a share. Suraj's share of premium for goodwill is valued at , which he pays to compensate Amrita and Kalyani in an agreed ratio of .The firm's books provide the following information on that date:

The claim against the Workmen Compensation Fund is determined to be , and an existing goodwill balance appears in the books at .Calculate the respective shares of Amrita and Kalyani in the revaluation profit.
Q14easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
Amrita and Kalyani are partners sharing profits in the ratio of . They decide to expand the business by admitting Suraj as a new partner for a share. Suraj's share of premium for goodwill is valued at , which he pays to compensate Amrita and Kalyani in an agreed ratio of .The firm's books provide the following information on that date:

The claim against the Workmen Compensation Fund is determined to be , and an existing goodwill balance appears in the books at .How will the premium for goodwill brought in by Suraj be distributed between Amrita and Kalyani?
Q15hardmcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Moonrise Co. is authorized with a Share Capital of ₹5,00,000. It issued 10,000 equity shares of ₹12 each (Face Value ₹10 + Premium ₹2).The money was payable as:₹4 on Application₹4 on Allotment (including premium of ₹2)₹4 on 1st and final callApplications were received for 12,000 shares and the directors decided to make a pro-rata allotment. Mr. Rashidi, an applicant for 120 shares, failed to pay the allotment and call money. Mr. Shantanu, a holder of 200 shares, failed to pay the call money. All these shares were forfeited. Out of the forfeited shares, 150 shares (including all of Rashidi's shares) were reissued at ₹8 per share.Question: The amount transferred to the Capital Reserve Account will be:
Q16mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Moonrise Co. is authorized with a Share Capital of ₹5,00,000. It issued 10,000 equity shares of ₹12 each (Face Value ₹10 + Premium ₹2).The money was payable as:₹4 on Application₹4 on Allotment (including premium of ₹2)₹4 on 1st and final callApplications were received for 12,000 shares and the directors decided to make a pro-rata allotment. Mr. Rashidi, an applicant for 120 shares, failed to pay the allotment and call money. Mr. Shantanu, a holder of 200 shares, failed to pay the call money. All these shares were forfeited. Out of the forfeited shares, 150 shares (including all of Rashidi's shares) were reissued at ₹8 per share.Question: The total amount of Securities Premium Reserve credited at the time of the allotment of shares will be:
Q17easymcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Moonrise Co. is authorized with a Share Capital of ₹5,00,000. It issued 10,000 equity shares of ₹12 each (Face Value ₹10 + Premium ₹2).The money was payable as:₹4 on Application₹4 on Allotment (including premium of ₹2)₹4 on 1st and final callApplications were received for 12,000 shares and the directors decided to make a pro-rata allotment. Mr. Rashidi, an applicant for 120 shares, failed to pay the allotment and call money. Mr. Shantanu, a holder of 200 shares, failed to pay the call money. All these shares were forfeited. Out of the forfeited shares, 150 shares (including all of Rashidi's shares) were reissued at ₹8 per share.Question: The shares are reissued at a:
Q18easymcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: Sports material consumed during the financial year 2022-2023 will be:
Q19mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: The accounting treatment for the expenditure incurred on the construction of the pavilion (₹20,00,000) is:
Q20mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information (Questions 41-45):Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: The land donated by the deceased neighbor Ishwar under his will is classified as:
Q21easymcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information (Questions 46-50):Moonrise Co. is authorized with a Share Capital of ₹5,00,000. It issued 10,000 equity shares of ₹12 each (Face Value ₹10 + Premium ₹2).The money was payable as:₹4 on Application₹4 on Allotment (including premium of ₹2)₹4 on 1st and final callApplications were received for 12,000 shares and the directors decided to make a pro-rata allotment. Mr. Rashidi, an applicant for 120 shares, failed to pay the allotment and call money. Mr. Shantanu, a holder of 200 shares, failed to pay the call money. All these shares were forfeited. Out of the forfeited shares, 150 shares (including all of Rashidi's shares) were reissued at ₹8 per share.Question: The Balance Sheet of the company will show the authorized capital of the company as:
Q22hardmcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Moonrise Co. is authorized with a Share Capital of ₹5,00,000. It issued 10,000 equity shares of ₹12 each (Face Value ₹10 + Premium ₹2).The money was payable as:₹4 on Application₹4 on Allotment (including premium of ₹2)₹4 on 1st and final callApplications were received for 12,000 shares and the directors decided to make a pro-rata allotment. Mr. Rashidi, an applicant for 120 shares, failed to pay the allotment and call money. Mr. Shantanu, a holder of 200 shares, failed to pay the call money. All these shares were forfeited. Out of the forfeited shares, 150 shares (including all of Rashidi's shares) were reissued at ₹8 per share.Question: The amount of Securities Premium Reserve to be debited at the time of forfeiture of shares will be:
Q23mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: The amount of recurring subscription revenue credited to the Income and Expenditure Account during the year will be:

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