CUET Questions — Accountancy

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