CUET QuestionsAccountsCUET UG

47 solved questions with detailed explanations

21

Q32. State the accounting treatment of Endowment Fund in financial statement of a public hospital.

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22

Q20. Codification of accounts is required for the purpose of:

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23

Q23. Match List - I with List - II.

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24

Q21. With the help of following information of a company, calculate Cash Flow from Financing Activities

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25

Q5. Identify the option, of which cash and cash equivalent comprises as per AS-3, in addition to cash in hand, from the following?

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26

Q34. Match List - I with List - II.

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27

Q47. Calculate the amount received at the time of allotment:

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28

Q8. A company issued 2,500, 9% Debentures of ₹100 each to public, on 1st April 2021; 3,500 8% debentures of ₹100 each to vendor on 1st July, 2021 and on the same date 5,000 7%, Debentures of ₹100 each

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29

Q44. Determine the share of Ritik in divisible profits.

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30

Q31. Arrange following with regard to determination of Goodwill share of new partner based on hidden Goodwill determination.

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31

Q27. On dissolution of partnership firm, an investment of ₹30,000 was found to be unrecorded in the books. The same was accepted by a creditor in full settlement of his dues of ₹32,000. The accounting

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32

Q33. A, B and C were partners sharing profits and losses in the ratio of 5:3:2. They admitted D into partnership for 1/6th share in profits, half (1/2) of which was given by A and the remaining half w

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33

Q28. One of the following is not an Item of appropriation.

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34

Q17. From the following statements, select the ones which relate to Income and Expenditure A/c:

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35

Q6. Avtar Ltd. invited application for 80,000 shares of ₹10 each payable 5/-. on Application, 3/- on allotment and 2/- on call. Public had applied for 2,50,000 shares out of which application for 30,0

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36

Q35. The order of payment/receipt of cash on dissolution of partnership firm is:

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37

Q4. A, B and C are partners sharing profits and losses in the ratio of 4: 3:2. B retires and the goodwill is valued at ₹1,08,000. A and C decided to share future profits and losses in the ratio of 5:

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38

Q39. Steps in the preparation of Income and Expenditure account are:

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39

Q41. Determine the amount of interest on drawing to be charged from Ritik.

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40

Q42. Identify the written agreement entered by Teesha and Ritik, containing terms of the agreement.

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