CUET Questions — Accounting

Q31. Valuation of Goodwill does not arise in which of the following circumstances: (a) Admission of new partner (b) Retirement of a Partner (c) Death of a Partner (d) Dissolution of Partnership firm

Q17. D and M Ltd. forfeited 5,000 shares of ₹10 each for non-payment of final call of ₹3/- per shares. Out of these 2,000 shares were reissued @ ₹12/- per share as fully paid up. What is the maximum d

Q35. Goodwill brought by new partner is distributed among the existing partners in their (a) Old Ratio (b) New Ratio (c) Sacrificing Ratio (d) Gaining Rao

Q10. Identify the correct sequence for the following at the time of Issue of Shares. (A) Allotment of shares (B) Calls in arrears (C) Application money received (D) Forfeiture of shares (E) Reissue of

Q18. What is the correct sequence at the time of death of a partner?

Q35. From the following information calculate Price Earning ratio: 70,000 Equity Shares of ₹10 each - ₹7,00,000 Net profit after tax before dividend - ₹1,75,000 Market price of share ₹13 Dividend decl

Q19. Identify from the following, which excludes capital nature items?

Q39. Comparative Statements are also known as:

Q27. Identify the account in case of a Not-for-Profit Organisation that exclude the Capital receipts and Capital payments.

Q38. Accumulated losses are transferred to ____________ in the time of dissolution of firm.

Q27. In case of change in profit sharing ratio among partners in a firm, the Stock Account stood at ₹55,000 in the Balance Sheet of the old firm and at the time of reconstitution, it was observed that

Q6. Gobind, Hari and Pratap are partners. On the retirement of Gobind, the goodwill already appears in the books at ₹24,000. The goodwill will be written off (a) By debiting all the partner capital ac

Q2. Match List - I with List - II. List - I (A) Debenture Suspense Account (B) Current maturities of Debts (C) Discount on Issue of Debentures (D) Interest on Debentures written off List - II (I) Stat

Q2. Calculate interest on drawings if an amount of ₹7,500 is withdrawn at the end of bimonthly for the year. Rate of interest on drawing is 8% p.a.

Q31. Match List - I with List - II.

Q40. Himanshi and Nisha are partners in a firm sharing profit in the ratio of 3: 2. There capital were ₹80,000 and ₹50,000 Respectively. They admitted Shikha on Jan 1, 2023 as a new partner for 1/5 sh

Q15. A sports club sold used sports material like balls, net, bats etc. It is usually shown in:

Q36. Arrange following categories of Share Capital in a sequence.

Q18. In case the net profits made during the year by a company are ₹50,000 and bills payable have increased by ₹10,000 during the year then the cash flow from operating activities for the company will

Q23. Which of the following are facts about Debentures?