CUET Questions — Accountancy

Q45. Identify the nature of Realisation A/с.

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.30. Securities Premium Account can be used only for the following purposes: (A) To issue partly paid bonus shares to the extent not exceeding unissued share capital of the company; (B). Buy back of

Q.24. Which of the following is not the main factors affecting the value of Goodwill?

Q3. In case of dissolution of partnership firm, all assets, except cash/bank and fictitious assets, are transferred to debit side of: (a) Capital Account (b) Current Account (c) Realisation Account (d

Q28. In case of dissolution of the firm, partner's capital account are closed through:

Q49. Book value per share will be: (a) 10 (b) 14.60 (c) 11.68 (d) 12.1

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.

Q28. Identify the way by which the clauses of partnership deed can be altered.

Q.9. Stock at the time of dissolution was appearing in books at Rs 50,000. Half of the stock was sold at a discount of 20% and the remaining was taken over by one of the partners at a 10% discount. Wh

Q28. Salaries and wages are shown in the Statement of Profit and Loss under the head: (a) Finance Cost (b) Other Income (c) Other Expenses (d) Employee Benefit Expenses

Q17. A club received 20,000 as subscription during the year 2016-17 of which 3,000 relates to the year 2015-16, and 2,000 to the year 2017-18; and at the end of year 2016-17, ₹6,000 are still receivab

Q36. Match List I with List II LIST I A. Capital called only in the event of winding up of the company B. Other name of Registered Capital C. Subscribed Capital is a part of which capital D. A type of

Q11. The process of receiving minimum subscription of 90% of the entire issue must be completed within ___ days from date of issue of prospectus

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

Q.37. Arrange the following regarding admission procedure in the correct sequence. (A) Giving share to the new partner. (B) Treatment of Goodwill (C) Calculating new profit sharing ratio & sacrificing

Q6. When Debentures are issued at par and are redeemable at a premium, the Loss on such an issue is debited to:

Q14. Buy back of shares cannot be done out of the following sources: (a) Open Market (b) Odd lot shareholders (c) Employees of the company (d) Existing Debenture holders

Q3. At the time of admission of a partner, reduction in the value of an asset will be debited to:

Q2. If the partner s capital accounts are fixed, where will you record drawings made by a partner out of his capital during the year.