CUET Questions — Accounting

Q6. Which of the following statements is incorrect in case of 'Not for Profit Organisation?

Q37. Match List-I with List - II.

Q33. Select from the following the final accounts, that a Not-for-Profit organisation is not required to prepare. (a) Receipt and Payment Account (b) Income and Expenditure Account (c) Cash Flow State

Q7. State the order in which final accounts of a partnership firm are prepared:

Q25. Select the amount of net Cash Flow from Investing activities on the basis of following information, for the year ending on March 31st, 2023. Machinery as on April 1st, 2022 ₹50,000 Machinery as o

Q48. By what amount debentures interest account be debited, if debenture interest is payable annually?

Q33. Identify the group that represents grouping of accounts based on classification of data point of view:

Q19. Identify the correct sequence for preparation of realisation account.

Q44. Calculate amount realised from Debtors:

Q38. In case of retirement, a retiring partner is entitled to get- A. Share in profits made by firm after his retirement B. His share of Goodwill C. His share in Accumulated Reserve D. Share in Employ

Q15. Match List - I with List - II.

Q46. Which of the following correctly explains the meaning of collateral security?

Q4. A, B and C are partners in a firm sharing profits in the ratio of 2:2:1. D is admitted for 1/5th share in profits. He will bring ₹35,000 as his capital in the firm. The capitals of A, B and C afte

Q30. A Company issued 100,000, 9% Debentures of ₹100 each at a discount of 5% but redeemable at premium of 5%. The total amount received on such debenture is (a) 1,00,000 (b) 95,000 (c) 1,05,000 (d) 1

Q36. The directors of Y limited forfeited 200 preference shares of ₹100 each for non-payment of call money of ₹30 per share. Out of this 150 were reissued at ₹60 per share as fully paid up. Find the a

Q40. Which of the following items will be added to the net profit while calculating Cash Flow from operating activities. A. Increase in Creditors B. Increase in Patents C. Decrease in Prepaid expenses

Q21. Application money should be at least ______ of the face value of share.

Q41. At what value of Sundry debtor taken over by Meena? (a) ₹50,000 (b) ₹45,000 (c) ₹50,100 (d) ₹40,000

Q45. Identify the number of shares applied by Ravi.

Q3. Following Journal entry is passed in case of: Debenture Application and Allotment A/c Dr Loss on Issue of Debenture A/c Dr To Premium on Redemption of Debentures A/c To Debentures A/C