CUET QuestionsAccountancy

329 solved questions with detailed explanations

261

Q.27. Various accounting aspects involved on death of a partner are as follows: (A) Adjustment in respect of unrecorded assets and liabilities (B) Treatment of goodwill (C) Preparation of Realization

CUET UGAccountancy
262

Q33. Calculate the Normal Rate of Return if normal profit is ₹30,000, Assets ₹5,30,000 and liabilities ₹30,000, while calculating the value of goodwill of the firm at the time of admission of a partne

CUET UGAccountancy
263

Q33. State the order of steps required for valuation of goodwill by using super profit method. A. Calculate Normal Profit B. Calculate Average Profit C. Calculate Super Profit D. Calculate Goodwill E.

CUET UGAccountancy
264

Q14. Match List I with List II LIST I A. Revenue from operation. B. Finance Cost C. Amortization Expenses D. Other Income LIST II I. Goodwill written off II. Sale of Services III. Profit sale of Inves

CUET UGAccountancy
265

Q.4. A, B and C are partners in a firm. If D is admitted as a new partner, what will be its affect?

CUET UGAccountancy
266

Q1. When a company reserves a portion of its uncalled capital to be called in the event of winding up, such uncalled capital is known as:-

CUET UGAccountancy
267

Q.36. Arrange the following in the sequence in which they shall be applied in payment at the time of dissolution of a firm: (A) The debts of the firm to the third parties. (B) Partner proportionately

CUET UGAccountancy
268

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
269

Q44. The total expenses on account of salary to be debited to Income and Expenditure A/c for the year 2016-17 was:

CUET UGAccountancy
270

Q.32. Match List-I with List-II List-1 (A) Reserves and Surplus (B) Non-current Liabilities (C) Current Liabilities (D) Shareholder's Fund List-II (I) Share Options Outstanding Account (II) Long term

CUET UGAccountancy