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