CUET QuestionsAccountancyCUET UG

329 solved questions with detailed explanations

321

Q39. Ram, a partner, died on 31st March, 2022. His share of loss was 10,000. Following journal entry will be passed in the books of Account to record the above adjustment.

CUET UGAccountancy
322

Q36. A and B are partners in a firm sharing profit in 4:1 ratio. They admitted "C" as a new partner for 25% share in the profit, which he acquired wholly from A. Determine the new profit-sharing ratio

CUET UGAccountancy
323

Q2. From the following information, calculate cash flow from financing activities. Particulars 31 March 2021 31 March 2022 Proposed dividend ₹2,40,000 ₹3,00,000 If dividend payable was ₹30,000 on 31 M

CUET UGAccountancy
324

Q9. Securities Premium cannot be used:

CUET UGAccountancy
325

Q42. Depreciation on furniture is:

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326

Q20. Computerised Accounting System refers to: (a) Printing of Balance Sheet and Profit and Loss account using computer (b) Processing of accounting transaction through computer and producing records

CUET UGAccountancy
327

Q38. Mr. A, B, C and D are Partners in a firm sharing profits in the ratio of 3:2:1:4. Mr A retired and his share is acquired by B and C in the ratio 3:2. Calculate new profit sharing ratio of partner

CUET UGAccountancy
328

Q29. Kavi, Mani Vinayagam are partners in a firm sharing in the ratio of 2:1:1. Mani Retires. Kavi and Vinayagam decided to keep the capital of the firm at 1,20,000. The capital A/c of the partners sh

CUET UGAccountancy
329

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

CUET UGAccountancy