CUET Questions — Accountancy

Q29. Kavi, Mani Vinayagam are partners in a firm sharing in the ratio of 2:1:1. Mani Retires. Kavi and Vinayagam decided to keep the capital of the firm at 1,20,000. The capital A/c of the partners sh

Q42. The amount of Capital Reserve is:- (a) ₹3,00,000 (b) ₹10,000 (c) 2,70,000 (d) ₹20,000

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

Q32. From the following, calculate cash flow from financing activities 8% Long term Loan Apr. 1, 2021 Apr. 1, 2022 2,00,000 2,50,000 On 1st Oct. 2021, the company repaid a loan of ₹1,00,000

Q38. Mr. A, B, C and D are Partners in a firm sharing profits in the ratio of 3:2:1:4. Mr A retired and his share is acquired by B and C in the ratio 3:2. Calculate new profit sharing ratio of partner

Q32. On the admission of a partner, increase in the value of asset is debited to: (a) Profit and Loss adjustment A/c (b) Asset A/c (c) Old Partners Capital A/c (d) Profit and Loss Account

Q15. State the sequence of payments in case of dissolution of a partnership firm: A. To pay outside liabilities of the business B. To pay partner's loan (if any) C. To utilise the amount in settlement

Q23. The following steps have been adopted for comparative statement analysis of financial statement of a company: A. Calculate the percentage change in individual items B. Draw interpretation and con

Q39. In the context of a partnership firm, need for valuation of goodwill arises in the following circumstances. A. Change in the profit-sharing ratio among the existing partners. B. Admission of new

Q37. A, B and C were partners in a firm on 31st March 2021. Mr. C died on 30th June 2021. Calculate the amount of profits of current year to be credited to his Capital Account on the basis of followin

Q6. Securities premium cannot be used:

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

Q25. Given below is the financial information of a NPO Mahamaya Sports Club for the year ending 31-03-2022. Particulars ₹ Match Expenses 32,000 Match Fund 16,000 Donation for Match Fund 10,000 Sale of

Q42. Select the realisable value of Intangible Assets from the following.

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.

Q.1. Which of the following indicate limitation of Financial analysis:

Q34. The profits of a firm for 5 years are as follows: Year Profits (*) 2012-13 20,000 2013-14 24,000 2014-15 30,000 2015-16 25,000 2016-17 18,000 Calculate Goodwill on the basis of 3 years purchase o

Q8. Which of the following items are part of Intangible non-current Assets: (A) Patents (B) Furniture (C) Statement of Profit & Loss A/c (Dr) (D) Goodwill (E) Trademark Choose the correct answer from

Q45. Loan taken by A Ltd from Punjab National Bank will be classified under following head. (a) Shareholders' fund (b) Current Liabilities (c) Non-current Liabilities (d) Non-current Assets

Q16. A and B are partners sharing profits in the ratio of 2:1. C is admitted for the 1/4th share of profits, who brings ₹20,000 as capital. After all adjustments related to goodwill, revaluation of as