CUET Questions — Accounting

Q32. Which of the following statement is False?

Q40. Under capitalisation method of calculating goodwill, the term capital refers to:

Q48. Calculate the amount forfeited by the company related to Rahul's shares and hence transferred to Forfeited Share Amount. (a) ₹50,000 (b) 20,000 (c) 15,000 (d) 35,000

Q47. Which of the following cannot be considered as issue of debentures for consideration other than cash?

Q22. Arrange the following activities in correct sequence.

Q27. A company maintains average inventory of ₹1,20,000. Its inventory turnover ratio is 6 times. If company sells goods at a gross profit of 25% on revenue from operations. Find out revenue from oper

Q32. Match List - I with List - II.

Q7. Select the items which will be recorded in Partner's capital Accounts as per Fixed Capital method. A. Withdrawal of capital B. Drawings C. Additional Capital D. Interest on Capital E. Interest on

Q50. "Loss on issue of Debentures" will be:

Q29. The liquidity and solvency of a company are measured by

Q14. Identify the accounts related to a Not-for-Profit Organisation. (A) Profit and Loss Appropriation Account (B) Receipt and Payment Account (C) Subscription Account (D) Income and Expenditure Accou

Q23. Match List - I with List - II.

Q35. Lal, Bal and Pal were partners sharing profit & loss in ratio 5:3:2. Bal retired, Lal and Pal decided to share future profit & loss in the ratio 2: 1. Determine the Gaining ratio between Lal and

Q1. A firm's balance sheet shows the following: Workmen Compensation Reserve ₹70,000 Workmen Compensation claim ₹90,000 State the journal entry to be passed at the time of Reconstitution of firm

Q49. The portion of Subscribed Capital which has not yet been called up by the company is called ______.

Q44. The Book Value of remaining debtor realised is: (a) ₹51,000 (b) ₹50,000 (c) 48,000 (d) ₹53,000

Q22. Identify the option which is not appropriate related to goodwill of a partnership firm, its features and also its treatment.

Q24. Firm's capital in a business is ₹2,00,000. The normal rate of return on firm capital is 15%. During the year the firm earned a profit of ₹48,000. Calculate goodwill on the basis of 3 years purcha

Q34. A business has earned average profits of ₹2,50,000 during the last few years. The firm has assets of ₹25,00,000 and external liabilities of ₹4,50,000. The similar business has rate of return of 1

Q34. In case of a financial enterprise, interest paid is classified under which activity while preparing Cash flow Statement.