CUET Questions — Accountancy

Q26. From the following particulars, Determine Cash flows from Investing Activities. Purchased (*) Sold (*) Machinery 3,50,000 2,75,000 Land and Building 4,50,000 3,00,000 Additional Information: A p

Q23. Record journal entry for the following on dissolution of a firm: Firm has a stock of 2,40,000. Arun, a partner took over 50% of the stock at a discount of 15%- (a) Bank A/c Dr 1,02,000 To Realisa

Q27. If a share of ₹50, on which 40 is called-up and ₹35 is paid, is forfeited, then with what amount the share capital account will be debited? (a) ₹50 (b) ₹40 (c) 35 (d) 30

Q10. Under rule 10 of the companies (Miscellaneous) Rules 2014. what is the maximum number of partners a partnership firm can have?

Q9. What are the matters that need adjustments at the time of Reconstitution of partnership: A. Preparation of Realisation A/c B. Calculation of Sacrificing ratio C. Distribution of accumulated profit

Q2. Match List I with List II: LIST I A. Operating Profit Ratio B. Working Capital Turnover Ratio C. Debt-Equity Ratio D. Quick Ratio LIST II I. Solvency Ratios II. Liquidity Ratios III. Activity Rati

Q25. Given below is the financial information of a NPO Mahamaya Sports Club for the year ending 31-03-2022. Particulars ₹ Match Expenses 32,000 Match Fund 16,000 Donation for Match Fund 10,000 Sale of

Q43. The closing value of Building as on 31.3.2017 was:

Q5. If a creditor accepts an asset whose value is more than the amount due to him. A. He will pay excess amount B. He will not pay anything C. The excess amount will be credited to Realisation Account

Q9. The correct sequence of statement of profit or loss A. Other Income B. Total Expenses C. Revenue from Operations D. Profit before extraordinary items & tax E. Total Revenue Choose the correct answ

Q25. The correct sequence involved in calculation of goodwill by weighted average profit method is: A. Adjust the profit taking into account abnormal gain/losses. B. Multiply the weighted average prof

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

Q8. On retirement of a partner, the retiring partner's capital account will be credited with: (a) His/her share of goodwill (b) Goodwill (valued) of the firm (c) Share of goodwill of remaining partner

Q1. Consider the following facts about valuation of Goodwill of a partnership firm. A. Goodwill valuation is done on change in profit sharing ratio among the existing partners. B. Goodwill is valued o

Q13. Profit and loss Appropriation A/c includes: A. Interest on capital B. Interest on drawing C. Partner's salary D. Rent to partners E. Interest on outsider's loan Choose the correct answer from the

Q26. From the following particulars, Determine Cash flows from Investing Activities. Purchased (*) Sold (*) Machinery 3,50,000 2,75,000 Land and Building 4,50,000 3,00,000 Additional Information: A p

Q26. A, B and C are partners sharing profits in the ratio of 3:2:1. D is admitted into firm for 1/4th share of profit, which he gets 1/8 from A and 1/8 from B. Calculated new sharing ratio of all the

Q34. Which section of Companies Act, 2013 defines cash flow statement-3 (AS-3)? (a) Section 3(1) (b) Section 2(40) (c) Section 3(2) (d) Section 2(5)

Q34. Which of the following item is not a tool of financial statement analysis?

Q.2. G.S. Rai company Itd. purchased assets of the book value of Rs. 98,000 from another firm. It was agreed that purchase consideration be paid by issuing 11% debentures of Rs. 100 each. Assume deben