CUET Questions — Accountancy

Q50. Before forfeiture of Rahul's shares, who are required to issue notice in this regard.

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.

Q1. Balance of Debenture Redemption Reserve A/c after the redemption of debenture is credited to: (a) Security Premium Account (b) Capital Reserve Account (c) Statement of profit and Loss account (d)

Q18. Match List I with List II LIST I A. Procurement of loans B. Receipt from dividends C. Payment to suppliers for goods D. Demand deposits with banks LIST II I. Cash and Cash Equivalents II. Financi

Q20. Match List I with List II LIST I A. Current Investments B. Deferred Tax Assets (net) C. Trade payables D. Long term Borrowings LIST II I. Non-Current Liabilities II. Current Assets III. Non-Curre

Q16. Where a new partner brings his share of capital and goodwill in cash. Identify the correct treatment from the following options: (a) New partner's capital and his premium, both will be distribute

Q16. An extract of Balance Sheet as on 31 March 2023 Liabilities Provision for legal damages: ₹4,800 Assets Furniture: ₹41,000 Premises: ₹85,000 Additional Information: Premises found under-valued by

Q35. If at the time of admission, some positive balance of Profit and Loss A/c appears in the books, it will be transferred to:

Q6. Match List I with List II LIST I A. Issued shares after forfeiture B. Amount more than par value of shares received on issue of shares C. Premium on redemption of Debentures D. Long term Borrowing

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

Direction (Q46. to Q50.) Read the following information carefully and answer the question. The Balance Sheet of ABC Ltd as at 31 March 2022:- Liabilities Share capital: Equity (₹. 10): 4,00,000 12% pr

Q5. Select the partner(s) who will compensate the deceased partner for the share of goodwill at the time of death.

Q12. Calculate cash flow from financing activities. 01.04.2016 (*) Long Term Loans: 2,00,000 31.03.2017 (*) Long Term Loans: 2,50,000 During the year company repaid a loan of ₹1,00,000. (a) 1,50,000 (

Q.7. Rana, Sana and Kamana are partners, sharing profits in the ratio 4:3:2. Rana retires; Sana and Kamana decided to share profits in the future in the ratio of 5:3. The Gaining Ratio of Sana and Kam

Q9. Match List I with List II LIST I A. Only Capital A/c exist B. Capital account balance remain unchanged C. Fresh/additional capital brought in by partner D. Permanent withdrawal LIST II I. Credited

Q4. Match List I with List II LIST I A. Summaries of different operational activity of different period B. Identify the cash from operating financing and investing activities C. Identify the significa

Q45. Tuition fee to be credited to Income and Expenditure account is:

Q17. Identify the term that indicate change in existing profit-sharing ratio among partners.

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

Q20. Match List I with List II LIST I A. Current Investments B. Deferred Tax Assets (net) C. Trade payables D. Long term Borrowings LIST II I. Non-Current Liabilities II. Current Assets III. Non-Curre