CUET Questions — Accountancy — CUET UG

Q31. Cash paid for inventory is: Particulars Inventory at the beginning Credit Purchase Inventory at the end Trade payable at the beginning Trade payable at the end Amount (*) 40,000 1,60,000 38,000 1

Q7. Arrange the following in the context of Cash Flow Statement (A) Calculation of cash flow from Operating Activities (B) Calculation of cash flow from Financing Activities (C) Calculations of net in

Q50. The Price Earning (P/E) ratio will be: (a) 9.86 times (b) 10 times (c) 11.67 times (d) 12 times

Q47. Pro-rata allotment means _______.

Read the following information and answer the questions Q41-Q45: On 1st April 2013, a company made an issue of 10,000, 9% debentures of ₹100 each at 92 per debenture. The terms of issue provided for r

Q5. If the consideration for issue of Debentures is less than the amount of debentures issued, then the difference is

Q43. Calculate the loss/profit on realisation of assets and liabilities on the basis of preparation of Realisation A/C.

Q19. The dissolution of Partnership may take place due to: (A) Retirement of Partner (B) Death of Partner (C) Insolvency of Partner (D) Admission of New Partner (E) Completion of Venture, if partnersh

Q30. Identify the activity that results in cash flow from financing activities.

Q35. Match List I with List II List - I A. Issued Capital B. Authorised Capital C. Called-up Capital D. Uncalled Capital List - II I. Amount of capital company is authorised to issue II. Part of capit

Q20. Arrange the following in the context of dissolution of partnership firm. A. Payment of loan from Partners B. Payment of secured outsider's liabilities C. Realisation of assets into cash D. Settle

Q.17. Gross profit ratio of a company was 25%. Its credit revenue from operations was Rs. 20,00,000 and its cash revenue from operations was 20% of the total revenue from operations. If the indirect e

Q24. The surplus / deficit of Income and Expenditure Account of Not-for-Profit Organisation is transferred to:

Q44. Calculate the balance of Bank A/C of the firm before dissolution?

Q12. Arrange the following in the context of Statement of Profit and Loss. A. Other income B. Expenses C. Total Revenue D. Revenue from operation E. Profit before tax and extra-ordinary item Choose th

Read the following information and answer the questions Q46-Q50. A and B entered into partnership to supply stationery items without any terms and conditions. A contributed ₹1,00,000 as capital while

Q1. How the following items of prize fund will be shown in balance sheet: Details Amt. Dr. Amt. Cr. Prize fund ₹80,000 Prize fund Investment ₹80,000 Income from prize fund investment ₹8,000 Prizes awa

Q8. As per Companies Act-2013, Disclosure related to share capital is compulsory for a period of 5 years immediately preceding the date of Balance sheet: A. Number and class of shares bought back B. S

Q7. Select the correct sequence of accounting events for share capital; A. Receive application money B. Calls in advance C. Issue of prospectus D. Final call of share E. Allotment of share Choose the

Q38. A newly admitted partner has the right to -