CUET Questions — Accountancy

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.