CUET Questions — Accounting — CUET UG

Q49. State journal entry to be passed of treatment of general reserve.

Q28. At the time of Revaluation of Assets and Liabilities during admission of partner.

Q26. Arrange in correct sequence with respect to the issue of shares by company. A. Allotment of shares B. Forfeiture of shares C. Application of shares received by the company D. Reissue of shares E.

Q45. The value of machinery given to creditor in full settlement of their claim will be: (a) Debited to creditor account by ₹70,000 (b) Credited to Realisation account by ₹70,000 (c) Debited to Cash/b

Q37. Which account is to be debited to transfer the share of deceased partner for the intervening period:

Q12. Jaron, a partner in IT Travels withdrew same amount of money at the end of each quarter, for his personal use. The firm charged ₹465 as interest on his drawings. Interest on drawings is to be cha

Q41. Identify the subscription related to Earn Limited in above case.

Q47. In the case Bharat Limited the shares have been: (a) Fully subscribed (b) Over subscribed (c) Under subscribed (d) Partly subscribed

Q9. The following is an extract of a Balance Sheet: Goodwill Land and building 31 March 23 (₹) 6,00,000 15,00,000 31 March 22 (₹) 4,00,000 10,00,000 Additional Information: Goodwill amortised, during

Q46. The Nominal Capital of the Bharat Ltd. Is (a) ₹30,00,000 (b) 27,00,000 (c) ₹50,00,000 (d) ₹26,50,000

Q25. Identify the correct sequence for the categories of share capital:

Q32. Consider the following facts with regard to Cash Flow Statement and identify the correct statements. A. Proceeds from sale of land will appear under Investing Activities B. Decrease in value of I

Q10. At the time of change in profit sharing ratio, existing goodwill is written off among the partners in:

Q20. Match List - I with List - II.

Q47. Which of the following is not a factor affecting value of goodwill?

Q29. Calculate current ratio when: Total asset ₹ 3,00,000 Fixed asset ₹ 1,60,000 Investment ₹ 1,00,000 Non-current Liabilities ₹ 80,000 Shareholders fund ₹ 2,00,000

Q37. A and B are partners sharing profits in the ratio 4:3. They admit C as a partner. C gets 25% of A's share and 1/3rd from B. Calculate new profit-sharing ratio (a) 4:3:1 (b) 10:2:9 (c) 9:2:10 (d)

Q26. A and B are partners in a partnership firm, sharing profits in 3: 2 ratio. They agreed to admit new partner C. A sacrifices from his share and B sacrifices - from his share. Calculate new profit-

Q12. When Debentures are issued as collateral security to obtain loan from a bank, identify the account that is debited for recording the entry of issue of such debentures (a) Bank A/c (b) Bank Loan A

Q41. Calculate amount realised from plant: