CUET Accountancy 2025 27 May Shift 1 PYQs

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Financial Statements Computerised Accounting

Q1:

27 May Shift 1

Partnership

Medium

common

Q1:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q2:

27 May Shift 1

Company Accounts

Easy

common

Q2:

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

27 May Shift 1

Partnership

Easy

common

Q3:

No interest on capital is payable

Interest on capital is only paid to partner contributing more capital

Interest on capital paid equally to all partners

Interest on capital is paid @6% p.a.

Correct Answer

Option 1

Correct Answer

Explanation →

Q4:

27 May Shift 1

Partnership

Medium

common

Q4:

Debit of Realisation Account

Debit of Bank Account

Credit of realisation Acount

Credit of Bank Account

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q5:

27 May Shift 1

Company Accounts

Easy

common

Q5:

Issue of Debenture at Par

Issue of Debenture at capital

Issue of Debentures at premium

Issue of Debentures at discount

Correct Answer

Option 2

Correct Answer

Explanation →

Q6:

27 May Shift 1

Company Accounts

Medium

common

Q6:

(B) and (D) only

(A) and (D) only

(A) and (B) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

27 May Shift 1

Partnership

Medium

common

Q7:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

27 May Shift 1

Company Accounts

Easy

common

Q8:

Rs 300

Rs 150

Rs 200

Rs 250

Correct Answer

Option 4

Correct Answer

Explanation →

Q9:

27 May Shift 1

Partnership

Medium

common

Q9:

3:1

2:1

2:3

3:4

Correct Answer

Option 2

Correct Answer

Explanation →

Q10:

27 May Shift 1

Partnership

Easy

common

Q10:

Profit and Loss Adjustment account

Assets account

Revaluation Account

Old partner's capital account

Correct Answer

Option 2

Correct Answer

Explanation →

Q11:

27 May Shift 1

Company Accounts

Medium

common

Q11:

To write-off the expenses of preliminary expenses of the company

To issue fully paid bonus shares

To pay off the purchase consideration.

To write off discount on issue of debentures.

Correct Answer

Option 3

Correct Answer

Explanation →

Q12:

27 May Shift 1

Company Accounts

Medium

common

Q12:

(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q13:

27 May Shift 1

Partnership

Medium

common

Q13:

Death of a partner

With the consent of all partners

When a partner becomes insane

When the adjudication of a partner as an insolvent

Correct Answer

Option 3

Correct Answer

Explanation →

Q14:

27 May Shift 1

Partnership

Easy

common

Q14:

Loan

Capital

Current

Realisation

Correct Answer

Option 2

Correct Answer

Explanation →

Q15:

27 May Shift 1

Company Accounts

Easy

common

Q15:

(B), (A), (C), (D)

(B), (C), (D), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q16:

27 May Shift 1

Company Accounts

Easy

common

Q16:

Current liabilities and provisions

Reserves and surplus

Share capital

Unsecured Loan

Correct Answer

Option 3

Correct Answer

Explanation →

Q17:

27 May Shift 1

Partnership

Easy

common

Q17:

Cash Account

Bank Account

Realisation Account

Partner's Capital Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

27 May Shift 1

Company Accounts

Medium

common

Q18:

Restricts the right to transfer its shares

A private company must have at least 2 persons, except in case of one person company

Its paid up share capital is not more than Rs. 50 Lakhs

Limits the number of its members to 200 (excluding its employees)

Correct Answer

Option 3

Correct Answer

Explanation →

Q19:

27 May Shift 1

Partnership

Medium

common

Q19:

(B), (C), (D), (A)

(B), (C), (A), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q20:

27 May Shift 1

Partnership

Easy

common

Q20:

Names and Addresses of all partners

Profit and loss sharing ratio

Rate of interest on capital, loan, drawings, etc

The rights, duties and liabilities of each partner's spouse

Correct Answer

Option 4

Correct Answer

Explanation →

Q21:

27 May Shift 1

Company Accounts

Medium

common

Q21:

Rs 5400

Rs 6000

Rs 4500

Rs 9000

Correct Answer

Option 3

Correct Answer

Explanation →

Q22:

27 May Shift 1

Partnership

Easy

common

Q22:

General reserve

Capital reserve

Vendors' account

Debenture redemption reserve

Correct Answer

Option 2

Correct Answer

Explanation →

Q23:

27 May Shift 1

Company Accounts

Medium

common

Q23:

Rs. 4,00,000

Rs. 5,60,000

Rs. 4,40,000

Rs. 6,00,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q24:

27 May Shift 1

Company Accounts

Easy

common

Q24:

2(3)

3(2)

30(2)

2(30)

Correct Answer

Option 4

Correct Answer

Explanation →

Q25:

27 May Shift 1

Partnership

Medium

common

Q25:

(A) - (IV), (B) - (I), (C) - (III), (D) - (II)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q26:

27 May Shift 1

Partnership

Medium

common

Q26:

by debiting all partners' capital accounts in their old profit sharing ratio.

by debiting remaining partners' capital accounts in their new profit sharing ratio.

by debiting retiring partners' capital accounts from his share of goodwill

by debiting retiring partners' capital accounts in gaining ratio

Correct Answer

Option 1

Correct Answer

Explanation →

Q27:

27 May Shift 1

Partnership

Medium

common

Q27:

Rs. 1,80,000

Rs. 1,10,000

Rs. 90,000

Rs. 1,70,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q28:

27 May Shift 1

Partnership

Easy

common

Q28:

Realisation Account in Equal Ratio

Realisation Account in Profit Sharing Ratio

Capital Accounts in Equal Ratio

Capital Accounts in Profit Sharing Ratio

Correct Answer

Option 4

Correct Answer

Explanation →

Q29:

27 May Shift 1

Partnership

Easy

common

Q29:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Credit of Bank Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q30:

27 May Shift 1

Partnership

Easy

common

Q30:

Premium for goodwill account

New partners capital account

Old partners capital account

Bank account

Correct Answer

Option 1

Correct Answer

Explanation →

Q31:

27 May Shift 1

Partnership

Medium

common

Q31:

55,000

82,500

75,000

50,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

27 May Shift 1

Partnership

Medium

common

Q32:

(A), (C), (B), (D)

(B), (C), (D), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q33:

27 May Shift 1

Partnership

Easy

common

Q33:

Profit and Loss Appropriation A/c Dr. To Interest on Capital A/c

Interest on Capital A/c Dr. To Partner's Capital/Current A/cs

Interest on Capital A/c Dr. To Profit and Loss Appropriation A/c

Partners Capital/Current A/c's Dr. To Interest on Capital A/c

Correct Answer

Option 1

Correct Answer

Explanation →

Q34:

27 May Shift 1

Partnership

Easy

common

Q34:

Average profit method

Super profits method

Capitalisation method

Average super profit capitalization method

Correct Answer

Option 4

Correct Answer

Explanation →

Q35:

27 May Shift 1

Company Accounts

Medium

common

Q35:

(B) and (D) only

(A), (B) and (D) only

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q36:

27 May Shift 1

Partnership

Easy

common

Q36:

Old partners in old profit sharing ratio

Old partners in new profit sharing ratio

All the partner in the new profit sharing ratio

New partner in old profit sharing ratio

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

27 May Shift 1

Partnership

Medium

common

Q37:

(A), (B), (C), (D)

(B), (C), (A), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q38:

27 May Shift 1

Partnership

Medium

common

Q38:

(B) and (D) only

(A), (B) and (D) only

(A) and (D) only

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

27 May Shift 1

Partnership

Medium

common

Q39:

Rs 1455

Rs 1745

Rs 1485

Rs 1755

Correct Answer

Option 4

Correct Answer

Explanation →

Q40:

27 May Shift 1

Partnership

Medium

common

Q40:

(A), (B), (C)

(A), (C), (B)

(B), (A), (C)

(C), (B), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q41:

27 May Shift 1

Partnership

Medium

common

Q41:

On the death of a partner

When a partner becomes insane.

When business of the firm becomes illegal.

When the business of the firm cannot be carried on except at a loss,

Correct Answer

Option 3

Correct Answer

Explanation →

Q42:

27 May Shift 1

Partnership

Medium

common

Q42:

11:4:5

11:5:4

9:4:5

7:3:5

Correct Answer

Option 1

Correct Answer

Explanation →

Q43:

27 May Shift 1

Partnership

Medium

common

Q43:

Under the fluctuating capital method, only one account, i.e. capital account is maintained for each partner

The partners' capital accounts will always show a credit balance, which shall remain the same (fixed) year after year unless there is any addition or withdrawal of capital.

All the adjustments such as share of profit and loss, interest on capital, drawings, interest on drawings, salary or commission to partners, etc are recorded directly in the capital accounts of the partners.

In the absence of any instruction, the capital account should be prepared by this method.

Correct Answer

Option 2

Correct Answer

Explanation →

Q44:

27 May Shift 1

Partnership

Medium

common

Q44:

Section 464 of the Companies Act 1932

Section 464 of the Companies Act 2013

Section 4 of the Companies Act 2013

Section 4 of the Companies Act 1932

Correct Answer

Option 2

Correct Answer

Explanation →

Q45:

27 May Shift 1

Partnership

Easy

common

Q45:

Old share - New share

New share + old share

New share – Old share

Old Share + Sacrifice share

Correct Answer

Option 3

Correct Answer

Explanation →

Q46:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q46:

(D), (B), (C), (A)

(B), (A), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q47:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q47:

These are the statements showing the profitability and financial position of a firm for different periods of time.

This analysis is also known as 'vertical analysis',

Comparative figures indicate the trend and direction of financial position and operating results.

The financial data will be comparative only when same accounting principles are used in preparing these statements.

Correct Answer

Option 2

Correct Answer

Explanation →

Q48:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q48:

Cash receipt from disposal of fixed assets including intangibles

Interest received in cash from loans and advances

Dividend received from investments in other enterprises.

Cash proceeds from the sale of goods

Correct Answer

Option 4

Correct Answer

Explanation →

Q49:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q49:

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q50:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q50:

Inventory turnover and current ratio

Liquid ratio, trade receivable

Current ratio and liquid ratio

Current ratio and average collection period

Correct Answer

Option 3

Correct Answer

Explanation →

Q51:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q51:

Fixed

Mixed

Relative

Absolute

Correct Answer

Option 2

Correct Answer

Explanation →

Q52:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q52:

Columns, Rows

Cells, Rows

Rows, Columns

Rows, Cells

Correct Answer

Option 3

Correct Answer

Explanation →

Q53:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q53:

WHATIF

COUNTIF

SUMIF

Correct Answer

Option 4

Correct Answer

Explanation →

Q54:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q54:

Cell Location

Cell Address

Column Number

Row Number

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q55:

Mixed

Relative

Absolute

Fixed

Correct Answer

Option 2

Correct Answer

Explanation →

CUET Accountancy 2025 27 May Shift 1 - Past Year Questions

Practice with our comprehensive collection of CUET Accountancy 2025 27 May Shift 1 Past Year Questions (PYQs) with detailed solutions. No login required. We have created handwritten solutions for all CUET Accountancy questions for free!

CUET Accountancy 2025 27 May Shift 1 PYQs

Filter & Analyse PYQs (Topic-Wise) →

No login required. No pop-ups. We have all previous-year questions with solutions for free!

Financial Statements Computerised Accounting

Q1:

27 May Shift 1

Partnership

Medium

common

Q1:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q2:

27 May Shift 1

Company Accounts

Easy

common

Q2:

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

27 May Shift 1

Partnership

Easy

common

Q3:

No interest on capital is payable

Interest on capital is only paid to partner contributing more capital

Interest on capital paid equally to all partners

Interest on capital is paid @6% p.a.

Correct Answer

Option 1

Correct Answer

Explanation →

Q4:

27 May Shift 1

Partnership

Medium

common

Q4:

Debit of Realisation Account

Debit of Bank Account

Credit of realisation Acount

Credit of Bank Account

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q5:

27 May Shift 1

Company Accounts

Easy

common

Q5:

Issue of Debenture at Par

Issue of Debenture at capital

Issue of Debentures at premium

Issue of Debentures at discount

Correct Answer

Option 2

Correct Answer

Explanation →

Q6:

27 May Shift 1

Company Accounts

Medium

common

Q6:

(B) and (D) only

(A) and (D) only

(A) and (B) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

27 May Shift 1

Partnership

Medium

common

Q7:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

27 May Shift 1

Company Accounts

Easy

common

Q8:

Rs 300

Rs 150

Rs 200

Rs 250

Correct Answer

Option 4

Correct Answer

Explanation →

Q9:

27 May Shift 1

Partnership

Medium

common

Q9:

3:1

2:1

2:3

3:4

Correct Answer

Option 2

Correct Answer

Explanation →

Q10:

27 May Shift 1

Partnership

Easy

common

Q10:

Profit and Loss Adjustment account

Assets account

Revaluation Account

Old partner's capital account

Correct Answer

Option 2

Correct Answer

Explanation →

Q11:

27 May Shift 1

Company Accounts

Medium

common

Q11:

To write-off the expenses of preliminary expenses of the company

To issue fully paid bonus shares

To pay off the purchase consideration.

To write off discount on issue of debentures.

Correct Answer

Option 3

Correct Answer

Explanation →

Q12:

27 May Shift 1

Company Accounts

Medium

common

Q12:

(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q13:

27 May Shift 1

Partnership

Medium

common

Q13:

Death of a partner

With the consent of all partners

When a partner becomes insane

When the adjudication of a partner as an insolvent

Correct Answer

Option 3

Correct Answer

Explanation →

Q14:

27 May Shift 1

Partnership

Easy

common

Q14:

Loan

Capital

Current

Realisation

Correct Answer

Option 2

Correct Answer

Explanation →

Q15:

27 May Shift 1

Company Accounts

Easy

common

Q15:

(B), (A), (C), (D)

(B), (C), (D), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q16:

27 May Shift 1

Company Accounts

Easy

common

Q16:

Current liabilities and provisions

Reserves and surplus

Share capital

Unsecured Loan

Correct Answer

Option 3

Correct Answer

Explanation →

Q17:

27 May Shift 1

Partnership

Easy

common

Q17:

Cash Account

Bank Account

Realisation Account

Partner's Capital Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

27 May Shift 1

Company Accounts

Medium

common

Q18:

Restricts the right to transfer its shares

A private company must have at least 2 persons, except in case of one person company

Its paid up share capital is not more than Rs. 50 Lakhs

Limits the number of its members to 200 (excluding its employees)

Correct Answer

Option 3

Correct Answer

Explanation →

Q19:

27 May Shift 1

Partnership

Medium

common

Q19:

(B), (C), (D), (A)

(B), (C), (A), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q20:

27 May Shift 1

Partnership

Easy

common

Q20:

Names and Addresses of all partners

Profit and loss sharing ratio

Rate of interest on capital, loan, drawings, etc

The rights, duties and liabilities of each partner's spouse

Correct Answer

Option 4

Correct Answer

Explanation →

Q21:

27 May Shift 1

Company Accounts

Medium

common

Q21:

Rs 5400

Rs 6000

Rs 4500

Rs 9000

Correct Answer

Option 3

Correct Answer

Explanation →

Q22:

27 May Shift 1

Partnership

Easy

common

Q22:

General reserve

Capital reserve

Vendors' account

Debenture redemption reserve

Correct Answer

Option 2

Correct Answer

Explanation →

Q23:

27 May Shift 1

Company Accounts

Medium

common

Q23:

Rs. 4,00,000

Rs. 5,60,000

Rs. 4,40,000

Rs. 6,00,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q24:

27 May Shift 1

Company Accounts

Easy

common

Q24:

2(3)

3(2)

30(2)

2(30)

Correct Answer

Option 4

Correct Answer

Explanation →

Q25:

27 May Shift 1

Partnership

Medium

common

Q25:

(A) - (IV), (B) - (I), (C) - (III), (D) - (II)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q26:

27 May Shift 1

Partnership

Medium

common

Q26:

by debiting all partners' capital accounts in their old profit sharing ratio.

by debiting remaining partners' capital accounts in their new profit sharing ratio.

by debiting retiring partners' capital accounts from his share of goodwill

by debiting retiring partners' capital accounts in gaining ratio

Correct Answer

Option 1

Correct Answer

Explanation →

Q27:

27 May Shift 1

Partnership

Medium

common

Q27:

Rs. 1,80,000

Rs. 1,10,000

Rs. 90,000

Rs. 1,70,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q28:

27 May Shift 1

Partnership

Easy

common

Q28:

Realisation Account in Equal Ratio

Realisation Account in Profit Sharing Ratio

Capital Accounts in Equal Ratio

Capital Accounts in Profit Sharing Ratio

Correct Answer

Option 4

Correct Answer

Explanation →

Q29:

27 May Shift 1

Partnership

Easy

common

Q29:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Credit of Bank Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q30:

27 May Shift 1

Partnership

Easy

common

Q30:

Premium for goodwill account

New partners capital account

Old partners capital account

Bank account

Correct Answer

Option 1

Correct Answer

Explanation →

Q31:

27 May Shift 1

Partnership

Medium

common

Q31:

55,000

82,500

75,000

50,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

27 May Shift 1

Partnership

Medium

common

Q32:

(A), (C), (B), (D)

(B), (C), (D), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q33:

27 May Shift 1

Partnership

Easy

common

Q33:

Profit and Loss Appropriation A/c Dr. To Interest on Capital A/c

Interest on Capital A/c Dr. To Partner's Capital/Current A/cs

Interest on Capital A/c Dr. To Profit and Loss Appropriation A/c

Partners Capital/Current A/c's Dr. To Interest on Capital A/c

Correct Answer

Option 1

Correct Answer

Explanation →

Q34:

27 May Shift 1

Partnership

Easy

common

Q34:

Average profit method

Super profits method

Capitalisation method

Average super profit capitalization method

Correct Answer

Option 4

Correct Answer

Explanation →

Q35:

27 May Shift 1

Company Accounts

Medium

common

Q35:

(B) and (D) only

(A), (B) and (D) only

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q36:

27 May Shift 1

Partnership

Easy

common

Q36:

Old partners in old profit sharing ratio

Old partners in new profit sharing ratio

All the partner in the new profit sharing ratio

New partner in old profit sharing ratio

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

27 May Shift 1

Partnership

Medium

common

Q37:

(A), (B), (C), (D)

(B), (C), (A), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation →

Q38:

27 May Shift 1

Partnership

Medium

common

Q38:

(B) and (D) only

(A), (B) and (D) only

(A) and (D) only

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

27 May Shift 1

Partnership

Medium

common

Q39:

Rs 1455

Rs 1745

Rs 1485

Rs 1755

Correct Answer

Option 4

Correct Answer

Explanation →

Q40:

27 May Shift 1

Partnership

Medium

common

Q40:

(A), (B), (C)

(A), (C), (B)

(B), (A), (C)

(C), (B), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

Q41:

27 May Shift 1

Partnership

Medium

common

Q41:

On the death of a partner

When a partner becomes insane.

When business of the firm becomes illegal.

When the business of the firm cannot be carried on except at a loss,

Correct Answer

Option 3

Correct Answer

Explanation →

Q42:

27 May Shift 1

Partnership

Medium

common

Q42:

11:4:5

11:5:4

9:4:5

7:3:5

Correct Answer

Option 1

Correct Answer

Explanation →

Q43:

27 May Shift 1

Partnership

Medium

common

Q43:

Under the fluctuating capital method, only one account, i.e. capital account is maintained for each partner

The partners' capital accounts will always show a credit balance, which shall remain the same (fixed) year after year unless there is any addition or withdrawal of capital.

In the absence of any instruction, the capital account should be prepared by this method.

Correct Answer

Option 2

Correct Answer

Explanation →

Q44:

27 May Shift 1

Partnership

Medium

common

Q44:

Section 464 of the Companies Act 1932

Section 464 of the Companies Act 2013

Section 4 of the Companies Act 2013

Section 4 of the Companies Act 1932

Correct Answer

Option 2

Correct Answer

Explanation →

Q45:

27 May Shift 1

Partnership

Easy

common

Q45:

Old share - New share

New share + old share

New share – Old share

Old Share + Sacrifice share

Correct Answer

Option 3

Correct Answer

Explanation →

Q46:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q46:

(D), (B), (C), (A)

(B), (A), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q47:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q47:

These are the statements showing the profitability and financial position of a firm for different periods of time.

This analysis is also known as 'vertical analysis',

Comparative figures indicate the trend and direction of financial position and operating results.

The financial data will be comparative only when same accounting principles are used in preparing these statements.

Correct Answer

Option 2

Correct Answer

Explanation →

Q48:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q48:

Cash receipt from disposal of fixed assets including intangibles

Interest received in cash from loans and advances

Dividend received from investments in other enterprises.

Cash proceeds from the sale of goods

Correct Answer

Option 4

Correct Answer

Explanation →

Q49:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q49:

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q50:

27 May Shift 1

Financial Statements

Easy

Financial Statements

Q50:

Inventory turnover and current ratio

Liquid ratio, trade receivable

Current ratio and liquid ratio

Current ratio and average collection period

Correct Answer

Option 3

Correct Answer

Explanation →

Q51:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q51:

Fixed

Mixed

Relative

Absolute

Correct Answer

Option 2

Correct Answer

Explanation →

Q52:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q52:

Columns, Rows

Cells, Rows

Rows, Columns

Rows, Cells

Correct Answer

Option 3

Correct Answer

Explanation →

Q53:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q53:

WHATIF

COUNTIF

SUMIF

Correct Answer

Option 4

Correct Answer

Explanation →

Q54:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q54:

Cell Location

Cell Address

Column Number

Row Number

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

27 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q55:

Mixed

Relative

Absolute

Fixed

Correct Answer

Option 2

Correct Answer

Explanation →