CUET Questions — Accountancy

Q.13. Which analysis is a judgemental process which aims to estimate current and past financial positions and the results of the operation of an enterprise, with primary objective of determining the b

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

Q.39. The important steps in the procedure of share issue are: (A) The company issues the prospectus to the public. (B) The company has to get minimum subscription within 120 days from the date of the

Q39. Ram, a partner, died on 31st March, 2022. His share of loss was 10,000. Following journal entry will be passed in the books of Account to record the above adjustment.

Q13. Profit and loss Appropriation A/c includes: A. Interest on capital B. Interest on drawing C. Partner's salary D. Rent to partners E. Interest on outsider's loan Choose the correct answer from the

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

Read the following information and answer the questions Q46-Q50. A and B entered into partnership to supply stationery items without any terms and conditions. A contributed ₹1,00,000 as capital while

Q10. Match List I with List II List - I A. Dissolution of Agreement B. Dissolution by Court C. Compulsory dissolution D. On happening of certain Contingencies List - II I. When a partner becomes insan

Q34. Match List I with List II LIST I A. Liquidity Ratio B. Solvency Ratio C. Activity Ratio D. Profitability Ratio LIST II I. Operating Ratio II. Working Capital Turnover Ratio III. Quick Ratio IV. I

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

Q30. Match List I with List II LIST I A. Capital Reserve B. Inventories C. 8% Debentures D. Provision for tax LIST II I. Current Assets II. Non-Current Liabilities III. Current Liabilities IV. Reserve

Q13. Balance in "Call in Advance account" is shown as a separate item under the sub head _______ in company's Balance Sheet.

Q19. Dividend received for a financing company dealing in shares and debentures is.

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

Q5. If a creditor accepts an asset whose value is more than the amount due to him. A. He will pay excess amount B. He will not pay anything C. The excess amount will be credited to Realisation Account

Q24. Profits made on Revaluation of Assets and Reassessment of Liabilities is distributed among whom?

Q27. When unrecorded liabilities are paid off by partners, these liabilities are shown in:

Q18. How would you treat Table Tennis match expenses of ₹40,000 (assuming that no other information is given):

Q18. How would you treat Table Tennis match expenses of ₹40,000 (assuming that no other information is given):

Q39. Ram, a partner, died on 31st March, 2022. His share of loss was 10,000. Following journal entry will be passed in the books of Account to record the above adjustment.