CUET Questions — Accountancy

Q30. Match List I with List II LIST I A. Capital Reserve B. Inventories C. 8% Debentures D. Provision for tax LIST II I. Current Assets II. Non-Current Liabilities III. Current Liabilities IV. Reserve

Q13. Balance in "Call in Advance account" is shown as a separate item under the sub head _______ in company's Balance Sheet.

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

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

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

Q24. Profits made on Revaluation of Assets and Reassessment of Liabilities is distributed among whom?

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

Q18. How would you treat Table Tennis match expenses of ₹40,000 (assuming that no other information is given):

Q18. How would you treat Table Tennis match expenses of ₹40,000 (assuming that no other information is given):

Q39. Ram, a partner, died on 31st March, 2022. His share of loss was 10,000. Following journal entry will be passed in the books of Account to record the above adjustment.