CUET Accountancy 2025 30 May Shift 1 PYQs

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Financial Statements Computerised Accounting

Q1:

30 May Shift 1

Company Accounts

Easy

common

Q1:

These shares can only be re-issued at a premium.

These shares can only be re-issued at par.

These shares can only be re-issued at a discount.

These shares can either be cancelled or can be re-issued.

Correct Answer

Option 4

Correct Answer

Explanation →

Q2:

30 May Shift 1

Company Accounts

Easy

common

Q2:

Un-issued Share Capital

Un-subscribed Share Capital

Un-paid Share Capital

Uncalled Share Capital

Correct Answer

Option 4

Correct Answer

Explanation →

Q3:

30 May Shift 1

Company Accounts

Medium

common

Q3:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q4:

30 May Shift 1

Company Accounts

Easy

common

Q4:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

30 May Shift 1

Company Accounts

Easy

common

Q5:

3,200 debentures

1,900 Debentures

1,800 Debentures

2,200 debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q6:

30 May Shift 1

Partnership

Easy

common

Q6:

The old partners' capital accounts.

The new partners' capital accounts.

All partners' capital accounts.

Not any partners' capital accounts.

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

30 May Shift 1

Partnership

Medium

common

Q7:

Section 364

Section 464

Section 460

Section 454

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

30 May Shift 1

Partnership

Easy

common

Q8:

Realization Account

Bank Account

Cash Account

Partner's capital Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q9:

30 May Shift 1

Partnership

Medium

common

Q9:

Case I - Rs 500 each by Pinki and Deepti

Case II - Rs 0 each by Pinki and Deepti

Case I - Rs 0 each by Pinki and Deepti

Case II - Rs 500 each by Pinki and Deepti

Case I - Rs 1000 each by Pinki and Deepti

Case II - Rs 500 each by Pinki and Deepti

Case I - Rs 500 each by Pinki and Deepti

Case II - Rs 100 each by Pinki and Deepti

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

30 May Shift 1

Partnership

Medium

common

Q10:

Rs 22,890 to each partner

Rs 8,790 to each partner

Rs 10,050 to each partner

Rs 10,290 to each partner

Correct Answer

Option 4

Correct Answer

Explanation →

Q11:

30 May Shift 1

Partnership

Medium

common

Q11:

11:21

25:11

21:11

20:10

Correct Answer

Option 3

Correct Answer

Explanation →

Q12:

30 May Shift 1

Partnership

Easy

common

Q12:

Nothing is affected.

Old firm and old partnership would be dissolved

Old firm would be dissolved

Old partnership would be reconstituted

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

30 May Shift 1

Company Accounts

Easy

common

Q13:

Participating Preference Shares

Cumulative Preference Shares

Irredeemable Preference Shares

Convertible Preference Shares

Correct Answer

Option 4

Correct Answer

Explanation →

Q14:

30 May Shift 1

Partnership

Easy

common

Q14:

Gaining ratio

Equal Ratio

New Profit Sharing Ratio

Old Profit Sharing Ratio

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

30 May Shift 1

Partnership

Medium

common

Q15:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q16:

30 May Shift 1

Partnership

Easy

common

Q16:

Loan Account

Bank Account

Drawings Account

Realisation Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q17:

30 May Shift 1

Company Accounts

Easy

common

Q17:

10% per annum.

12% per annum.

11% per annum.

15% per annum.

Correct Answer

Option 2

Correct Answer

Explanation →

Q18:

30 May Shift 1

Company Accounts

Easy

common

Q18:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q19:

30 May Shift 1

Partnership

Easy

common

Q19:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q20:

30 May Shift 1

Company Accounts

Easy

common

Q20:

The amount already called up at the time of forfeiture.

The amount of calls in arrear at the time of forfeiture.

The amount of calls in advance at the time of forfeiture.

The amount already received at the time of forfeiture.

Correct Answer

Option 4

Correct Answer

Explanation →

Q21:

30 May Shift 1

Accountancy

Medium

common

Q21:

Share application account is a personal account.

The director of a company must be a shareholder.

Paid up capital can exceed called up capital.

Capital reserves are created from capital profits.

Correct Answer

Option 2,3

Correct Answer

Explanation →

Q22:

30 May Shift 1

Partnership

Medium

common

Q22:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q23:

30 May Shift 1

Partnership

Easy

common

Q23:

Bank Loan Mortgage

Loan to other parties

Outstanding expenses

Provision for doubtful debts

Correct Answer

Option 2

Correct Answer

Explanation →

Q24:

30 May Shift 1

Partnership

Medium

common

Q24:

(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 →

Q25:

30 May Shift 1

Partnership

Medium

common

Q25:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q26:

30 May Shift 1

Partnership

Easy

common

Q26:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Credit of Bank Account

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q27:

30 May Shift 1

Company Accounts

Medium

common

Q27:

(A), (C) and (D) only

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q28:

30 May Shift 1

Partnership

Easy

common

Q28:

Each partner is liable jointly with all the other partners and also severally to the third party for all the acts of the firm done while he is a partner.

Partnership is the result of an agreement between two or more persons to do business and share their profits and losses.

If persons join hands for the purpose of some charitable activity it can be termed as partnership.

The minimum number of partners in a firm can be two.

Correct Answer

Option 3

Correct Answer

Explanation →

Q29:

30 May Shift 1

Company Accounts

Easy

common

Q29:

5,500 shares

5,400 shares

4,400 shares

4,500 shares

Correct Answer

Option 4

Correct Answer

Explanation →

Q30:

30 May Shift 1

Company Accounts

Easy

common

Q30:

Non-Convertible Debentures

Unsecured Debentures

Registered Debentures

Irredeemable Debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q31:

30 May Shift 1

Partnership

Medium

common

Q31:

5:3

3:5

3:4

3:7

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

30 May Shift 1

Company Accounts

Easy

common

Q32:

The amount actually paid by the shareholders

The maximum amount of share capital which a company is authorised to issue.

The amount of capital which is actually applied for by the prospective shareholders.

That part of the authorized capital which is issued by the company.

Correct Answer

Option 2

Correct Answer

Explanation →

Q33:

30 May Shift 1

Partnership

Easy

common

Q33:

Cash / Bank A/c Dr.

To Premium for Goodwill A/c

Premium for Goodwill A/c Dr.

To Sacrificing Partners' Capital A/c

Cash / Bank A/c Dr.

Premium for Goodwill A/c Dr.

No journal entry is recorded.

To Sacrificing Partners' Capital A/c

Correct Answer

Option 4

Correct Answer

Explanation →

Q34:

30 May Shift 1

Company Accounts

Medium

common

Q34:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q35:

30 May Shift 1

Partnership

Medium

common

Q35:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

30 May Shift 1

Partnership

Medium

common

Q36:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q37:

30 May Shift 1

Partnership

Medium

common

Q37:

Is transferred into Realisaion Account and paid out.

Is transferred into Realisaion Account but not paid out.

Is not transferred into Realisaion Account.

Is not transferred into Realisaion Account and also not paid out.

Correct Answer

Option 2

Correct Answer

Explanation →

Q38:

30 May Shift 1

Company Accounts

Easy

common

Q38:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q39:

30 May Shift 1

Partnership

Medium

common

Q39:

Debit Side of Realisation Account, Credit side of Realisation Account

Credit Side of Realisation Account, Debit side of Realisation Account

Credit Side of Realisation Account, Debit side of Capital Account

Credit Side of Realisation Account, Credit side of Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q40:

30 May Shift 1

Partnership

Easy

common

Q40:

Debit/Capital

Credit/Capital

Realisation/Capital

Debit/Realization

Correct Answer

Option 4

Correct Answer

Explanation →

Q41:

30 May Shift 1

Partnership

Easy

common

Q41:

Rs 16,54,400

Rs 17,54,400

Rs 18,54,400

Rs 17,00,400

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

30 May Shift 1

Partnership

Easy

common

Q42:

All partner's capital account

New partner's capital account

Old partner's capital account

Neither old nor new partner's account

Correct Answer

Option 3

Correct Answer

Explanation →

Q43:

30 May Shift 1

Partnership

Easy

common

Q43:

Profit and Loss Adjustment account

Assets account

Old partner's capital account

New Partner Capital Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q44:

30 May Shift 1

Partnership

Medium

common

Q44:

Rs 1,950

Rs 1,650

Rs 3,600

Rs 1,675

Correct Answer

Option 2

Correct Answer

Explanation →

Q45:

30 May Shift 1

Company Accounts

Easy

common

Q45:

Unsecured loans

Share capital

Reserves and surpluses

Current liabilities and provisions

Correct Answer

Option 2

Correct Answer

Explanation →

Q46:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q46:

Trend Analysis

Ratio Analysis

Cash Flow Analysis

Comparative Statements

Correct Answer

Option 2

Correct Answer

Explanation →

Q47:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q47:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q48:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q48:

Deferred tax assets

Current Assets

Trade payables

Long term provisions

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q49:

Accounting standards shall prevail over Schedule III of the Companies Act, 2013.

Rounding off requirements is mandatory.

Disclosure on the face of the financial statements or in the notes is not essential or mandatory.

Current and non-current bifurcation of assets and liabilities is applicable.

Correct Answer

Option 3

Correct Answer

Explanation →

Q50:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q50:

Sale of products

Interest income

Sale of services

Other operating revenues

Correct Answer

Option 2

Correct Answer

Explanation →

Q51:

30 May Shift 1

Computerised Accounting

Medium

Computerised Accounting

Q51:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q52:

30 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q52:

Circle

Small black square

Triangle

Cross

Correct Answer

Option 2

Correct Answer

Explanation →

Q53:

30 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q53:

(B) only

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q54:

30 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q54:

Typing a list of values separated by commas

Selecting a range of cells containing list values

Using a Named Range to refer to list values

Creating a pivot table

Correct Answer

Option 4

Correct Answer

Explanation →

Q55:

30 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q55:

The row number followed by the column letter

The column letter followed by the row number

The sheet name only

The file path

Correct Answer

Option 2

Correct Answer

Explanation →

CUET Accountancy 2025 30 May Shift 1 - Past Year Questions

Practice with our comprehensive collection of CUET Accountancy 2025 30 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 30 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:

30 May Shift 1

Company Accounts

Easy

common

Q1:

These shares can only be re-issued at a premium.

These shares can only be re-issued at par.

These shares can only be re-issued at a discount.

These shares can either be cancelled or can be re-issued.

Correct Answer

Option 4

Correct Answer

Explanation →

Q2:

30 May Shift 1

Company Accounts

Easy

common

Q2:

Un-issued Share Capital

Un-subscribed Share Capital

Un-paid Share Capital

Uncalled Share Capital

Correct Answer

Option 4

Correct Answer

Explanation →

Q3:

30 May Shift 1

Company Accounts

Medium

common

Q3:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q4:

30 May Shift 1

Company Accounts

Easy

common

Q4:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

30 May Shift 1

Company Accounts

Easy

common

Q5:

3,200 debentures

1,900 Debentures

1,800 Debentures

2,200 debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q6:

30 May Shift 1

Partnership

Easy

common

Q6:

The old partners' capital accounts.

The new partners' capital accounts.

All partners' capital accounts.

Not any partners' capital accounts.

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

30 May Shift 1

Partnership

Medium

common

Q7:

Section 364

Section 464

Section 460

Section 454

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

30 May Shift 1

Partnership

Easy

common

Q8:

Realization Account

Bank Account

Cash Account

Partner's capital Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q9:

30 May Shift 1

Partnership

Medium

common

Q9:

Case I - Rs 500 each by Pinki and Deepti

Case II - Rs 0 each by Pinki and Deepti

Case I - Rs 0 each by Pinki and Deepti

Case II - Rs 500 each by Pinki and Deepti

Case I - Rs 1000 each by Pinki and Deepti

Case II - Rs 500 each by Pinki and Deepti

Case I - Rs 500 each by Pinki and Deepti

Case II - Rs 100 each by Pinki and Deepti

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

30 May Shift 1

Partnership

Medium

common

Q10:

Rs 22,890 to each partner

Rs 8,790 to each partner

Rs 10,050 to each partner

Rs 10,290 to each partner

Correct Answer

Option 4

Correct Answer

Explanation →

Q11:

30 May Shift 1

Partnership

Medium

common

Q11:

11:21

25:11

21:11

20:10

Correct Answer

Option 3

Correct Answer

Explanation →

Q12:

30 May Shift 1

Partnership

Easy

common

Q12:

Nothing is affected.

Old firm and old partnership would be dissolved

Old firm would be dissolved

Old partnership would be reconstituted

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

30 May Shift 1

Company Accounts

Easy

common

Q13:

Participating Preference Shares

Cumulative Preference Shares

Irredeemable Preference Shares

Convertible Preference Shares

Correct Answer

Option 4

Correct Answer

Explanation →

Q14:

30 May Shift 1

Partnership

Easy

common

Q14:

Gaining ratio

Equal Ratio

New Profit Sharing Ratio

Old Profit Sharing Ratio

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

30 May Shift 1

Partnership

Medium

common

Q15:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q16:

30 May Shift 1

Partnership

Easy

common

Q16:

Loan Account

Bank Account

Drawings Account

Realisation Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q17:

30 May Shift 1

Company Accounts

Easy

common

Q17:

10% per annum.

12% per annum.

11% per annum.

15% per annum.

Correct Answer

Option 2

Correct Answer

Explanation →

Q18:

30 May Shift 1

Company Accounts

Easy

common

Q18:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q19:

30 May Shift 1

Partnership

Easy

common

Q19:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q20:

30 May Shift 1

Company Accounts

Easy

common

Q20:

The amount already called up at the time of forfeiture.

The amount of calls in arrear at the time of forfeiture.

The amount of calls in advance at the time of forfeiture.

The amount already received at the time of forfeiture.

Correct Answer

Option 4

Correct Answer

Explanation →

Q21:

30 May Shift 1

Accountancy

Medium

common

Q21:

Share application account is a personal account.

The director of a company must be a shareholder.

Paid up capital can exceed called up capital.

Capital reserves are created from capital profits.

Correct Answer

Option 2,3

Correct Answer

Explanation →

Q22:

30 May Shift 1

Partnership

Medium

common

Q22:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q23:

30 May Shift 1

Partnership

Easy

common

Q23:

Bank Loan Mortgage

Loan to other parties

Outstanding expenses

Provision for doubtful debts

Correct Answer

Option 2

Correct Answer

Explanation →

Q24:

30 May Shift 1

Partnership

Medium

common

Q24:

(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 →

Q25:

30 May Shift 1

Partnership

Medium

common

Q25:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q26:

30 May Shift 1

Partnership

Easy

common

Q26:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Credit of Bank Account

Correct Answer

Option 1,4

Correct Answer

Explanation →

Q27:

30 May Shift 1

Company Accounts

Medium

common

Q27:

(A), (C) and (D) only

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q28:

30 May Shift 1

Partnership

Easy

common

Q28:

Each partner is liable jointly with all the other partners and also severally to the third party for all the acts of the firm done while he is a partner.

Partnership is the result of an agreement between two or more persons to do business and share their profits and losses.

If persons join hands for the purpose of some charitable activity it can be termed as partnership.

The minimum number of partners in a firm can be two.

Correct Answer

Option 3

Correct Answer

Explanation →

Q29:

30 May Shift 1

Company Accounts

Easy

common

Q29:

5,500 shares

5,400 shares

4,400 shares

4,500 shares

Correct Answer

Option 4

Correct Answer

Explanation →

Q30:

30 May Shift 1

Company Accounts

Easy

common

Q30:

Non-Convertible Debentures

Unsecured Debentures

Registered Debentures

Irredeemable Debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q31:

30 May Shift 1

Partnership

Medium

common

Q31:

5:3

3:5

3:4

3:7

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

30 May Shift 1

Company Accounts

Easy

common

Q32:

The amount actually paid by the shareholders

The maximum amount of share capital which a company is authorised to issue.

The amount of capital which is actually applied for by the prospective shareholders.

That part of the authorized capital which is issued by the company.

Correct Answer

Option 2

Correct Answer

Explanation →

Q33:

30 May Shift 1

Partnership

Easy

common

Q33:

Cash / Bank A/c Dr.

To Premium for Goodwill A/c

Premium for Goodwill A/c Dr.

To Sacrificing Partners' Capital A/c

Cash / Bank A/c Dr.

Premium for Goodwill A/c Dr.

No journal entry is recorded.

To Sacrificing Partners' Capital A/c

Correct Answer

Option 4

Correct Answer

Explanation →

Q34:

30 May Shift 1

Company Accounts

Medium

common

Q34:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q35:

30 May Shift 1

Partnership

Medium

common

Q35:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

30 May Shift 1

Partnership

Medium

common

Q36:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q37:

30 May Shift 1

Partnership

Medium

common

Q37:

Is transferred into Realisaion Account and paid out.

Is transferred into Realisaion Account but not paid out.

Is not transferred into Realisaion Account.

Is not transferred into Realisaion Account and also not paid out.

Correct Answer

Option 2

Correct Answer

Explanation →

Q38:

30 May Shift 1

Company Accounts

Easy

common

Q38:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q39:

30 May Shift 1

Partnership

Medium

common

Q39:

Debit Side of Realisation Account, Credit side of Realisation Account

Credit Side of Realisation Account, Debit side of Realisation Account

Credit Side of Realisation Account, Debit side of Capital Account

Credit Side of Realisation Account, Credit side of Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q40:

30 May Shift 1

Partnership

Easy

common

Q40:

Debit/Capital

Credit/Capital

Realisation/Capital

Debit/Realization

Correct Answer

Option 4

Correct Answer

Explanation →

Q41:

30 May Shift 1

Partnership

Easy

common

Q41:

Rs 16,54,400

Rs 17,54,400

Rs 18,54,400

Rs 17,00,400

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

30 May Shift 1

Partnership

Easy

common

Q42:

All partner's capital account

New partner's capital account

Old partner's capital account

Neither old nor new partner's account

Correct Answer

Option 3

Correct Answer

Explanation →

Q43:

30 May Shift 1

Partnership

Easy

common

Q43:

Profit and Loss Adjustment account

Assets account

Old partner's capital account

New Partner Capital Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q44:

30 May Shift 1

Partnership

Medium

common

Q44:

Rs 1,950

Rs 1,650

Rs 3,600

Rs 1,675

Correct Answer

Option 2

Correct Answer

Explanation →

Q45:

30 May Shift 1

Company Accounts

Easy

common

Q45:

Unsecured loans

Share capital

Reserves and surpluses

Current liabilities and provisions

Correct Answer

Option 2

Correct Answer

Explanation →

Q46:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q46:

Trend Analysis

Ratio Analysis

Cash Flow Analysis

Comparative Statements

Correct Answer

Option 2

Correct Answer

Explanation →

Q47:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q47:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q48:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q48:

Deferred tax assets

Current Assets

Trade payables

Long term provisions

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q49:

Accounting standards shall prevail over Schedule III of the Companies Act, 2013.

Rounding off requirements is mandatory.

Disclosure on the face of the financial statements or in the notes is not essential or mandatory.

Current and non-current bifurcation of assets and liabilities is applicable.

Correct Answer

Option 3

Correct Answer

Explanation →

Q50:

30 May Shift 1

Financial Statements

Easy

Financial Statements

Q50:

Sale of products

Interest income

Sale of services

Other operating revenues

Correct Answer

Option 2

Correct Answer

Explanation →

Q51:

30 May Shift 1

Computerised Accounting

Medium

Computerised Accounting

Q51:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q52:

30 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q52:

Circle

Small black square

Triangle

Cross

Correct Answer

Option 2

Correct Answer

Explanation →

Q53:

30 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q53:

(B) only

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q54:

30 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q54:

Typing a list of values separated by commas

Selecting a range of cells containing list values

Using a Named Range to refer to list values

Creating a pivot table

Correct Answer

Option 4

Correct Answer

Explanation →

Q55:

30 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q55:

The row number followed by the column letter

The column letter followed by the row number

The sheet name only

The file path

Correct Answer

Option 2

Correct Answer

Explanation →