CUET Questions — Accountancy — CUET UG

Q10. Vikas and Rahul are partners who shares profits in the ratio of 2:3. They admitted Sunil as a partner for th share in future profits who brings 37,500 as his share of Goodwill. Half of which is w

Q17. Balance of Share Forfeiture account is shown in the Balance Sheet under the item: -

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

Q.33. Match List-I with List-II List-1 (A) Cash Outflows from financing activities (B) Cash Inflows from operating activities (C) Cash and cash equivalents (D) Cash Inflows from investing activities L

Q.12. The need for Codification is :

Q6. Calculate the Cash Flow from investing activities from the following particulars: Machine at cost 1.4.2016 (*): 5,00,000 31.03.2017 (*): 9,00,000 Accumulated depreciation 1.4.2016 (*): 3,00,000 31

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

Q27. When unrecorded liabilities are paid off by partners, these liabilities are shown in:

Q35. Consider the following facts about the categories of Share Capital A. Nominal Capital is that part of Authorised Capital which is actually issued to the public B. Issue Capital is a part of Regis

Q37. The Journal entry for payment of unrecorded liability at the time of admission of partner is: (a) Unrecorded liability A/c Dr XXX To Revaluation A/c XXX (b) Unrecorded liability A/c Dr XXX To Cas

Q29. Arrange the following items as per vertical form of Balance Sheet of a company A. Trade Receivable B. Current investment C. Cash and Cash equivalents D. Inventories E. Short term loans and advanc

Q14. Which of the following is false for Not-for-profit organisation?

Q23. Which of the following option regarding issue and redemption of debenture is not possible in general?

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

Q.18. Asha, Deepa and Lata are partners in a firm sharing profits in the ratio of 3:2: 1. Deepa retires. After making all adjustments relating to revaluation, goodwill, Payment to Deepa and accumulate

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

Q11. A and B are partners sharing profits and losses in the ratio 3: 2. They admitted Z for 1/8 share. Z got this share as 1/16 from A and 1/16 from B. Calculate sacrificing ratio of A and B.

Q15. State the sequence of payments in case of dissolution of a partnership firm: A. To pay outside liabilities of the business B. To pay partner's loan (if any) C. To utilise the amount in settlement

Q.34. Match List-I with List-II List-1 (A) Compulsory Dissolution (B) Dissolution by notice (C) Dissolution by Court (D) Dissolution on certain contingencies List-II (I) Partner becomes insane (II) De

Q.45. What is the amount of profit to be credited to V's Capital account?