Financial Statements
Ratios
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Liquidity Ratio | (I) Inventory Turnover ratio |
| (B) Solvency Ratio | (II) Quick Ratio |
| (C) Activity (or Turnover) Ratio | (III) Price earning ratio |
| (D) Profitability Ratio | (IV) Total asset to debt ratio |
Choose the correct answer from the options given below:
Partnership
Retirement/Death
Medium
On the Death of a Partner, which account is debited for his/her share of profit for the intervening period, i.e., the period from date of the last balance sheet till the date of the partner's death:
Partnership
Dissolution
Easy
The assets of the firm, including any sum contributed by the partners to make deficiencies of capital, shall be applied first for paying ...........
Partnership
Dissolution
Medium
Which statements are true about the dissolution of a partnership-
(A) Dissolution of a partnership is different from dissolution of a firm.
(B) A partnership is dissolved when there is a death of a partner.
(C) A firm is compulsorily dissolved when a partner decide to retire.
(D) Dissolution of partnership can not take place without intervention of the court.
Choose the correct answer from the options given below:
Company Accounts
Debentures
Easy
Debentures are convertible into which of the following?
Financial Statements
Nature/Structure
Easy
Arrange the following under the heading Equities and Liabilities in balance sheet of a company.
(A) Non-current liabilities
(B) Current liabilities
(C) Shareholders fund
(D) Share application money pending allotment
Choose the correct answer from the options given below:
Partnership
Admission
Easy
When a new partner brings his share of goodwill in cash, the amount is credited to:
Partnership
Dissolution
Easy
On the dissolution of a firm, creditor's are transferred to:
Company Accounts
Share Capital
Easy
Shares can be forfeited:
Financial Statements
Cash Flow
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Cash from Operating Activities | (I) Dividends paid on equity and preference capital. |
| (B) Cash from Financing Activities | (II) Cash receipts from sale of goods and the rendering of services |
| (C) Cash from Investing Activities | (III) Bank balance |
| (D) Cash and cash equivalents | (IV) Cash receipt from disposal of fixed assets including intangibles. |
Choose the correct answer from the options given below:
Partnership
Admission
Easy
On the admission of a new partner, an increase in the value of assets is debited to:
Company Accounts
Share Capital
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Authorised Capital | (I) Capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company's memorandum. |
| (B) Issued Capital | (II) It is that part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay. |
| (C) Subscribed Capital | (III) The amount of share capital which a company is authorised to issue by its Memorandum of Association. |
| (D) Called up Capital | (IV) It is that part of the issued capital which has been actually subscribed by the public. |
Choose the correct answer from the options given below:
Company Accounts
Share Capital
Medium
Which of the following statements are correct?
(A) A company is an artificial person.
(B) Company's shares are generally transferable.
(C) Paid up capital can exceed called up capital.
(D) The part of capital which is called up only on winding up is called reserve capital.
Choose the correct answer from the options given below:
Partnership
Dissolution
Medium
Which of the following indicate the situation of compulsory dissolution.
Company Accounts
Share Capital
Easy
Nominal share capital is-
Company Accounts
Share Capital
Easy
Which of the following is not the characteristics of company-
Company Accounts
Debentures
Medium
Which statements are wrong about debentures?
(A) Debenture is a part of owned capital.
(B) The debentures cannot be issued at a discount of more than 10% of the face value.
(C) Debentures cannot be converted into shares.
(D) Redeemable debentures are those debentures, which are payable on the expiry of the specific period.
Choose the correct answer from the options given below:
Financial Statements
Nature/Structure
Easy
Current liabilities does not include:
Financial Statements
Analysis
Easy
Excess value of net assets over purchase consideration at the time of purchase of business is credited to
Partnership
Admission
Medium
R and S are partners in a firm sharing profits in the ratio of 5:3. They admitted B as a new partner for 1/7th share in the profit. The new profit sharing ratio will be 4:2:1. The sacrificing ratio of R and S is:
Company Accounts
Debentures
Easy
Which of the following debentures do not have a specific charge on the assets of the company.
Company Accounts
Share Capital
Easy
Arrange steps for the issue of shares-
(A) Allotment of shares
(B) Issue of Prospectus
(C) Share first call
(D) Receipt of Applications
Choose the correct answer from the options given below:
Partnership
Accounting
Medium
Which statements are true about partnership:
(A) Each partner carrying on the business is the principal as well as the agent for all the other partners.
(B) Valid partnership can be formulated even without a written agreement between the partners.
(C) Interest on partner's loan is to be given @ 12% p.a., if the deed is silent about the rate
(D) The maximum number of partners can be 50.
Choose the correct answer from the options given below:
Partnership
Dissolution
Medium
When realization expenses are paid by the firm on behalf of a partner, such expenses are debited to:
Financial Statements
Analysis
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Comparative Statements | (I) These are the statements which indicate the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item. |
| (B) Common Size Statements: | (II) It is a technique of studying the operational results and financial position over a series of years. |
| (C) Trend Analysis | (III) It describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm. |
| (D) Ratio Analysis | (IV) These are the statements showing the profitability and financial position of a firm for different periods of time in a comparative form to give an idea about the position of two or more periods. |
Choose the correct answer from the options given below:
Partnership
Admission
Easy
X, Y and Z are partners in a firm. If M is admitted as a new partner, what would be its implication?
Partnership
Admission
Medium
L and M are partners sharing profits in the ratio 3:2. N is admitted as a partner for 1/5th of the share which is acquired from L. Goodwill of the firm is valued at Rs. 40,000 on N's admission. N will have to pay for Goodwill:
Partnership
Retirement/Death
Medium
The old Profit Sharing ratio among M, N and P are 2:2:1. The New profit sharing ratio after N retirement is 3:2. The gaining ratio between M and P will be:
Partnership
Retirement/Death
Medium
On retirement / death of a partner, the remaining partners who have gained due to the change in profit sharing ratio should compensate the:
Computerised Accounting
Spreadsheet
Easy
Using MS Excel, we can create a basic chart by the following steps.
(A) On clicking of Start symbol we will get Programs option
(B) Click on Insert tab to get tools for chart
(C) On the screen of the computer mouse click on Start Icon
(D) On selecting MS Excel 2007 program it will provide a blank workbook with a Ribbon displayed at the top.
Choose the correct answer from the options given below:
Partnership
Admission
Medium
A and N are partners, sharing profits in the ratio 2:1. A's son Ashu was admitted as a partner for 1/4th share, half of which was gifted by A to her son. The remaining was contributed by N. The goodwill of the Firm is valued at 40,000. How much amount will be credited to the old partner's capital account for goodwill?
Company Accounts
Debentures
Easy
X Co. Ltd. purchased assets worth Rs. 28,80,000. It issued debentures of Rs. 100 each at a discount of 4 % in full satisfaction of the purchase consideration. The number of debentures issued to vendors is:
Partnership
Dissolution
Easy
According to Section ........... of the partnership Act 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.
Company Accounts
Share Capital
Easy
Which section of the Company's Act defines/describes Equity and Preference Shares?
Financial Statements
Ratios
Medium
If, Total assets = Rs. 3,00,000
Non-current liabilities = Rs. 80,000
Shareholders fund = Rs. 2,00,000
Non-current assets:
Fixed assets = Rs. 1,60,000
Non-current investments = Rs. 1,00,000.
Then, Current Ratio is:
Partnership
Retirement/Death
Easy
In the absence of any information regarding the acquisition of shares in profit of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his share in:
Financial Statements
Analysis
Medium
Which statements are true-
(A) The financial statements of a business enterprise include cash flow statement.
(B) Comparative statements are the form of horizontal analysis.
(C) Ratio analysis help business in identifying the problem areas.
(D) Financial analysis is used only by the creditors.
Choose the correct answer from the options given below:
Computerised Accounting
Spreadsheet
Easy
Order of mathematical operations in solving data in electronic spreadsheet
(A) * Multiplication
(B) + Addition
(C) ( ) Brackets
(D) / Division
Choose the correct answer from the options given below:
Partnership
Accounting
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Admission of a partner | (I) Executor Accounts |
| (B) Retirement of a partner | (II) Sacrificing Ratio |
| (C) Death of a partner | (III) Realisation Account |
| (D) Dissolution of a partnership | (IV) Gaining Ratio |
Choose the correct answer from the options given below:
Partnership
Retirement/Death
Medium
Steps involved in accounting treatment at the time of death of a partner -
(A) Preparation of deceased partner's capital account
(B) Ascertainment of new profit sharing ratio and gaining ratio
(C) Preparation of revaluation account, if required
(D) Settlement by making payment to deceased partner's executor.
Choose the correct answer from the options given below:
Partnership
Accounting
Easy
Partnership
Accounting
Easy
Partnership
Accounting
Medium
Partnership
Accounting
Easy
Partnership
Accounting
Easy
Financial Statements
Ratios
Easy
Financial Statements
Ratios
Easy
Financial Statements
Ratios
Medium
Financial Statements
Nature/Structure
Easy
Financial Statements
Nature/Structure
Easy
Every question from the CUET Accountancy 2025 13 May Shift 1 paper is here in full, with the correct answer and a step by step solution for each one. It is completely free, there is no login and no paywall, and you can read the whole paper online or download it to revise offline.
You can also attempt it instead of only reading it. Take the paper as a full length mock under exam conditions, or filter it by topic and attempt just that topic as a topic test. Both are free, and you get a breakdown of your accuracy, your timing and your weak areas once you submit.
CUET Accountancy past year questions (PYQs) are the closest thing to the real exam, so working through them is the quickest way to learn the paper pattern, the marking scheme and the level of difficulty to expect on the day.