CUET QuestionsAccountancy

329 solved questions with detailed explanations

241

Q27. Arrange the following statements in proper sequence in context of admission of partner. (A) Finalising terms for admission of new partner (B) Calculation of sacrificing/gaining ratio (C) Finalisi

CUET UGAccountancy
242

Q13. Which of the following are shown in Revaluation A/c? A. Unrecorded Asset B. Workmen Compensation Reserve C. Decrease in fixed Asset D. Increase in Inventory E. Drawings of partner Choose the corr

CUET UGAccountancy
243

Q.10. Hemant and Naman are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 80,000 and Rs. 50,000 respectively. They admitted Samrat on Jan. 1, 2025 as a new partner for

CUET UGAccountancy
244

Q.31. Match List-I with List-II List-1 Accounting ratio (A) Current ratio (B) Stock turnover ratio (C) Debt Equity ratio (D) Operating ratio List-II Type of accounting ratio (I) Liquidity ratios (II)

CUET UGAccountancy
245

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

CUET UGAccountancy
246

Q.11. The common size statements are useful, both, in intra-firm comparisons over different years and also in making interfirm comparisons for several years. This analysis is also known as

CUET UGAccountancy
247

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

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248

Q21. Match List I with List II LIST I A. AS-3 B. AS-26 C. Section 2(62) of Companies Act, 2013 D. Section 43 of Companies Act, 2013 LIST II I. Treatment of Goodwill II. One person company III. Prefere

CUET UGAccountancy
249

Q6. Match List I with List II LIST I A. Issued shares after forfeiture B. Amount more than par value of shares received on issue of shares C. Premium on redemption of Debentures D. Long term Borrowing

CUET UGAccountancy
250

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

CUET UGAccountancy
251

Q37. Match List I with List II LIST I A. Horizontal Analysis B. Vertical Analysis C. External Analysis D. Internal analysis LIST II I. Common size statement II. Comparative statement III. Access to al

CUET UGAccountancy
252

Q15. Gross Profit Ratio of a company was 25%. If credit revenue from, operation was 20,00,000 and cash revenue from operation is 20% of total revenue. If indirect expense of the company was ₹50,000. C

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253

Q29. Unrecorded assets when taken over by a partner on dissolution are shown in:

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254

Q7. Arrange the following activities in correct order with reference to Cash Flow Statement: A. Income Tax Paid B. Net profit before tax and extra ordinary items. C. Sale of Non-current Investments D.

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255

Q19. Dividend received for a financing company dealing in shares and debentures is.

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256

Q19. Dividend received for a financing company dealing in shares and debentures is.

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257

Q2. Nawab, Shanaya and Hritik are partners sharing profits and losses in the ratio of 5: 3: 2. The partnership deed provides for charging interest on drawings @10% p.a. The drawings of Nawab, Shanaya

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258

Q30. Deferred Tax Assets are the part of

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259

Q18. Arrange the following activities in correct order while preparing Cash Flow Statement. A. Increase in prepaid Insurance. B. Purchase of Copyrights C. Operating profit before working capital chang

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260

Q17. Identify the term that indicate change in existing profit-sharing ratio among partners.

CUET UGAccountancy