CUET Questions — Accountancy

Q35. Consider the following facts about the categories of Share Capital A. Nominal Capital is that part of Authorised Capital which is actually issued to the public B. Issue Capital is a part of Regis

Q21. Match List I with List II LIST I A. AS-3 B. AS-26 C. Section 2(62) of Companies Act, 2013 D. Section 43 of Companies Act, 2013 LIST II I. Treatment of Goodwill II. One person company III. Prefere

Q35. Consider the following facts about the categories of Share Capital A. Nominal Capital is that part of Authorised Capital which is actually issued to the public B. Issue Capital is a part of Regis

Q32. The content of Partnership deed includes: (A) Name and address of al partners (B) Method of settlement of disputes among partners (C) Deed once made cannot be altered (D) Rules regarding operatio

Q27. Processing of accounting transactions through the use of hardware and software in order to produce accounting records and reports" is called _______.

Q30. Identify the activity that results in cash flow from financing activities.

Q29. The item that is not recorded in the Income and Expenditure account is: (a) Subscription received for current year (b) Subscription for the previous year received in current year (c) Subscription

Q.41. What is the amount of A's deficiency of annual fee?

Q47. Shareholder's fund will be: (a) ₹6,84,000 (b) ₹5,00,000 (c) ₹4,00,000 (d) 5,84,000

Q40. Receipt and payment account records: (a) Only capital item (b) Only revenue item (c) All outstanding expenses (d) All receipts and payments realised and made during the year

Q23. Select the correct sequence from the following: A. Issued capital B. Subscribed but not fully paid-up capital C. Authorised capital D. Subscribed and fully paid-up capital E. Share forfeited Acco

Q8. As per Companies Act-2013, Disclosure related to share capital is compulsory for a period of 5 years immediately preceding the date of Balance sheet: A. Number and class of shares bought back B. S

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

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

Direction (Q41.-Q45.) Read the following information carefully and answer the question. A Limited took over assets of ₹3,00,000 and liabilities of 10,000 from X and co. Ltd. for an agreed purchase con

Q24. Identify that out of the following which facilitates a Not-for-Profit organisation in preparation of its financial statements at the end of an accounting period.

Q.50. What is the amount of Profit on reissue of Forfeited Shares Accounts transferred to capital reserve?

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

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

Q39. Arrange the following in the context of "Buy Back of Shares". (A) Articles of Association must authorise Buy Back of share (B) Buy Back should be completed within 12 months (C) Maintaining debt e