CUET Questions — Accountancy

Q.35. Match List-I with List-II List-1 (A) Payment of loans due to partners (B) For settlement of partners' accounts, in case their capital account shows a debit balance (C) For settlement of loan by

Q31. M and N are partners sharing profit in the ratio of 3:1. They admit O as a new partner on 1st April, 2022. O brings 40,000 as his share of premium and the new profit-sharing ratio is 2:2:1. Ident

Q40. Select the conditions required for computing interest on drawings using average period method: (A) Equal amount of drawings (B) Fixed interval of drawings (C) Varying amounts of drawings (D) Diff

Q37. Identify the period, from the date of acquisition, for which an investment normally qualities as cash equivalents.

Q19. In the absence of only information regarding the acquisition of share in profit of the retiring partner by the remaining partners, it is assumed that they will acquire his/her share in:

Q48. At time of forfeiture of Rohan's shares, Forfeited Shares A/c will be credited by _______.

Q1. How the following items of prize fund will be shown in balance sheet: Details Amt. Dr. Amt. Cr. Prize fund ₹80,000 Prize fund Investment ₹80,000 Income from prize fund investment ₹8,000 Prizes awa

Q44. 'Discount on issue of debenture', which is to be written off under one operating cycle is shown under:- (a) Other Non-current Assets (b) Other Current Assets (c) Other Non-current Liabilities (d)

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

Q25. Consider the following facts related to Revaluation Account, its adjustments and treatment of reserves. A. Revaluation profit is distributed in the capital ratio of the partners. B. Revaluation A