CUET Accountancy 2025 31 May Shift 1 PYQs

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Financial Statements Computerised Accounting

Q1:

31 May Shift 1

Partnership

Medium

common

Q1:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Not shown anywhere

Correct Answer

Option 1

Correct Answer

Explanation →

Q2:

31 May Shift 1

Partnership

Easy

common

Q2:

10%

12%

Correct Answer

Option 2

Correct Answer

Explanation →

Q3:

31 May Shift 1

Partnership

Medium

common

Q3:

3:5

2:3

3:2

2:5

Correct Answer

Option 2

Correct Answer

Explanation →

Q4:

31 May Shift 1

Company Accounts

Easy

common

Q4:

12%

10%

Correct Answer

Option 1

Correct Answer

Explanation →

Q5:

31 May Shift 1

Partnership

Easy

common

Q5:

Deceased Partner Capital Account.

Profit and Loss Adjustment Account.

Realisation Account.

Liability Account.

Correct Answer

Option 4

Correct Answer

Explanation →

Q6:

31 May Shift 1

Company Accounts

Easy

common

Q6:

3000 Shares

3500 Shares

3600 Shares

3200 Shares

Correct Answer

Option 3

Correct Answer

Explanation →

Q7:

31 May Shift 1

Company Accounts

Medium

common

Q7:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q8:

31 May Shift 1

Partnership

Medium

common

Q8:

3:1

2:1

2:3

3:4

Correct Answer

Option 2

Correct Answer

Explanation →

Q9:

31 May Shift 1

Partnership

Medium

common

Q9:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

31 May Shift 1

Company Accounts

Easy

common

Q10:

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

(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 →

Q11:

31 May Shift 1

Company Accounts

Medium

common

Q11:

(A) and (D) only

(B) and (C) only

(B) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q12:

31 May Shift 1

Partnership

Easy

common

Q12:

Debit side of partner's capital account

Credit side of partner's capital account

Debit side of partner's current account

Credit side of partner's current account

Correct Answer

Option 3

Correct Answer

Explanation →

Q13:

31 May Shift 1

Partnership

Easy

common

Q13:

Dissolution by Death

Dissolution by Agreement

Dissolution by Court

Voluntarily by one partner

Correct Answer

Option 4

Correct Answer

Explanation →

Q14:

31 May Shift 1

Partnership

Easy

common

Q14:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q15:

31 May Shift 1

Partnership

Medium

common

Q15:

When the business of the firm becomes illegal

On the death of a partner

When a partner becomes insane

On the expiry of the term of the partnership

Correct Answer

Option 3

Correct Answer

Explanation →

Q16:

31 May Shift 1

Partnership

Easy

common

Q16:

Under the fixed capital method, the capitals of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement among the partners.

Under the fluctuating capital method, two account, i.e. capital account and current account is maintained for each partner.

Under the fixed capital method, While the partners' capital accounts shall always appear on the liabilities side in the balance sheet, the partners' current account's balance shall be shown on the liabilities side, if they have credit balance and on the assets side, if they have debit balance.

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q17:

31 May Shift 1

Partnership

Medium

common

Q17:

Rs. 14500

Rs. 14250

Rs. 14750

Rs. 14350

Correct Answer

Option 2

Correct Answer

Explanation →

Q18:

31 May Shift 1

Partnership

Medium

common

Q18:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q19:

31 May Shift 1

Partnership

Easy

common

Q19:

Retired partner only

Remaining partners in the new profit sharing ratio

Old partners in old profit sharing ratio

Old partners in the sacrificing ratio

Correct Answer

Option 3

Correct Answer

Explanation →

Q20:

31 May Shift 1

Partnership

Easy

common

Q20:

Realization Account

Partners' Capital Accounts

Bank Account

Partner Loan Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q21:

31 May Shift 1

Partnership

Medium

common

Q21:

(A) - (i), (B) - (ii), (C) - (iii), (D) - (iv)

(A) - (i), (B) - (ii), (C) - (ii), (D) - (iv)

(A) - (i), (B) - (ii), (C) - (iv), (D) - (iii)

(A) - (iii), (B) - (iv), (C) - (i), (D) - (ii)

Correct Answer

Option 3

Correct Answer

Explanation →

Q22:

31 May Shift 1

Company Accounts

Easy

common

Q22:

Share Capital

Reserve and Surplus

Non-current Liabilities

Current Liabilities

Correct Answer

Option 1

Correct Answer

Explanation →

Q23:

31 May Shift 1

Partnership

Easy

common

Q23:

Realisation Account

Drawings Account

Bank Account

Loan Account.

Correct Answer

Option 3

Correct Answer

Explanation →

Q24:

31 May Shift 1

Partnership

Medium

common

Q24:

Rs. 1,00,000

Rs. 2,20,000

Rs. 1,80,000

Rs. 1,50,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q25:

31 May Shift 1

Partnership

Hard

common

Q25:

Rs. 2000 brought in

Rs. 1000 paid off.

Rs. 3000 paid off.

Rs. 2500 brought in.

Correct Answer

Option 3

Correct Answer

Explanation →

Q26:

31 May Shift 1

Company Accounts

Easy

common

Q26:

Par

Premium

Discount

Amount higher then its face value.

Correct Answer

Option 3

Correct Answer

Explanation →

Q27:

31 May Shift 1

Partnership

Medium

common

Q27:

(A) and (D) only

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q28:

31 May Shift 1

Company Accounts

Easy

common

Q28:

Registered debentures

First debentures

Bearer debentures

Unsecured Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q29:

31 May Shift 1

Partnership

Easy

common

Q29:

Bank Account

Realisation Account

Partner's Capital Account

Partner's Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q30:

31 May Shift 1

Partnership

Medium

common

Q30:

2:5

3:5

4:5

5:3

Correct Answer

Option 2

Correct Answer

Explanation →

Q31:

31 May Shift 1

Partnership

Easy

common

Q31:

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

31 May Shift 1

Company Accounts

Medium

common

Q32:

Will be debited by the issue price of the shares forfeited.

Will be debited by the face value of the shares forfeited.

Will be debited by the called up value of the shares forfeited.

Will be credited by the issue price of the shares forfeited.

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

31 May Shift 1

Company Accounts

Easy

common

Q33:

General reserve

Capital redemption reserve

Capital reserve

Reserve capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q34:

31 May Shift 1

Partnership

Medium

common

Q34:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q35:

31 May Shift 1

Partnership

Easy

common

Q35:

Never paid

Fully paid

Partly paid

Paid according to Capital contribution

Correct Answer

Option 2

Correct Answer

Explanation →

Q36:

31 May Shift 1

Partnership

Medium

common

Q36:

Rs. 45000

Rs. 25000

Rs. 35000

Rs. 20000

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

31 May Shift 1

Partnership

Medium

common

Q37:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q38:

31 May Shift 1

Partnership

Medium

common

Q38:

Rs. 50,000

Rs. 60,000

Rs. 30,000

Rs. 40,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q39:

31 May Shift 1

Company Accounts

Medium

common

Q39:

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share first and final Call A/c 2,500

To Share Forfeiture A/c 1,500

Share Capital Reserve A/c Dr. 5,000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 4,000

To Share Forfeiture A/c 2,000

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share Forfeiture A/c 4,000

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share first and final Call A/c 1,500

To Share Forfeiture A/c 2,500

Correct Answer

Option 4

Correct Answer

Explanation →

Q40:

31 May Shift 1

Partnership

Medium

common

Q40:

Rs. 8,800

Rs. 17,800

Rs. 14,400

Rs. 20,800

Correct Answer

Option 2

Correct Answer

Explanation →

Q41:

31 May Shift 1

Company Accounts

Easy

common

Q41:

Debited to calls in advance account

Credited to calls in advance account

Debited to calls account

Credited to calls account

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

31 May Shift 1

Company Accounts

Easy

common

Q42:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q43:

31 May Shift 1

Partnership

Easy

common

Q43:

Names and Addresses of all partners

Mode of auditor's appointment, if any

The date of commencement of partnership

Bank Details of Nominee

Correct Answer

Option 4

Correct Answer

Explanation →

Q44:

31 May Shift 1

Partnership

Medium

common

Q44:

4 : 3 : 3

4 : 3 : 5

3 : 4: 3

2 : 7 : 3

Correct Answer

Option 1

Correct Answer

Explanation →

Q45:

31 May Shift 1

Company Accounts

Easy

common

Q45:

(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 →

Q46:

31 May Shift 1

Financial Statements

Easy

Financial Statements

Q46:

Horizontal analysis

Trend Analysis

Cash flow Analysis

Vertical analysis

Correct Answer

Option 3

Correct Answer

Explanation →

Q47:

31 May Shift 1

Financial Statements

Easy

Financial Statements

Q47:

Proceeds from long-term borrowings.

Cash revenue from operations

Cash receipt from trade receivables.

Employee benefits expenses paid.

Correct Answer

Option 1

Correct Answer

Explanation →

Q48:

31 May Shift 1

Financial Statements

Easy

Financial Statements

Q48:

Inventory turnover and current ratio

Current ratio and quick ratio

Gross profit margin and operating ratio

Current ratio and average collection period

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

31 May Shift 1

Financial Statements

Medium

Financial Statements

Q49:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q50:

31 May Shift 1

Financial Statements

Easy

Financial Statements

Q50:

The original cost or historical cost is the basis of recording transactions.

It cannot be expressed in monetary terms.

Certain accounting conventions are followed while preparing financial statements.

Financial statements are prepared on certain basic assumptions

Correct Answer

Option 2

Correct Answer

Explanation →

Q51:

31 May Shift 1

Computerised Accounting

Medium

Computerised Accounting

Q51:

=TRIM(A1)=A1

=LEN(A1)>10

=ISNUMBER(A1)

=WEEKDAY(A1)<>1

Correct Answer

Option 1

Correct Answer

Explanation →

Q52:

31 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q52:

Plot Area

Data Area

Chart Area

Axis Area

Correct Answer

Option 3

Correct Answer

Explanation →

Q53:

31 May Shift 1

Accountancy

Easy

Computerised Accounting

Q53:

Only Dearness Allowance

Basic Pay + Dearness Pay (if applicable)

Grade Pay + House Rent Allowance

Transport Allowance only

Correct Answer

Option 2

Correct Answer

Explanation →

Q54:

31 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q54:

File Name

Specific Values in Datasets

Format Styles

Chart Types

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

31 May Shift 1

Accountancy

Easy

Computerised Accounting

Q55:

Housing expenses

Fuel charges

Erosion in purchasing power due to inflation

Commuting cost

Correct Answer

Option 3

Correct Answer

Explanation →

CUET Accountancy 2025 31 May Shift 1 - Past Year Questions

Practice with our comprehensive collection of CUET Accountancy 2025 31 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 31 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:

31 May Shift 1

Partnership

Medium

common

Q1:

Debit of Realisation Account

Debit of Bank Account

Credit of Realisation Account

Not shown anywhere

Correct Answer

Option 1

Correct Answer

Explanation →

Q2:

31 May Shift 1

Partnership

Easy

common

Q2:

10%

12%

Correct Answer

Option 2

Correct Answer

Explanation →

Q3:

31 May Shift 1

Partnership

Medium

common

Q3:

3:5

2:3

3:2

2:5

Correct Answer

Option 2

Correct Answer

Explanation →

Q4:

31 May Shift 1

Company Accounts

Easy

common

Q4:

12%

10%

Correct Answer

Option 1

Correct Answer

Explanation →

Q5:

31 May Shift 1

Partnership

Easy

common

Q5:

Deceased Partner Capital Account.

Profit and Loss Adjustment Account.

Realisation Account.

Liability Account.

Correct Answer

Option 4

Correct Answer

Explanation →

Q6:

31 May Shift 1

Company Accounts

Easy

common

Q6:

3000 Shares

3500 Shares

3600 Shares

3200 Shares

Correct Answer

Option 3

Correct Answer

Explanation →

Q7:

31 May Shift 1

Company Accounts

Medium

common

Q7:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q8:

31 May Shift 1

Partnership

Medium

common

Q8:

3:1

2:1

2:3

3:4

Correct Answer

Option 2

Correct Answer

Explanation →

Q9:

31 May Shift 1

Partnership

Medium

common

Q9:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q10:

31 May Shift 1

Company Accounts

Easy

common

Q10:

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

(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 →

Q11:

31 May Shift 1

Company Accounts

Medium

common

Q11:

(A) and (D) only

(B) and (C) only

(B) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q12:

31 May Shift 1

Partnership

Easy

common

Q12:

Debit side of partner's capital account

Credit side of partner's capital account

Debit side of partner's current account

Credit side of partner's current account

Correct Answer

Option 3

Correct Answer

Explanation →

Q13:

31 May Shift 1

Partnership

Easy

common

Q13:

Dissolution by Death

Dissolution by Agreement

Dissolution by Court

Voluntarily by one partner

Correct Answer

Option 4

Correct Answer

Explanation →

Q14:

31 May Shift 1

Partnership

Easy

common

Q14:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q15:

31 May Shift 1

Partnership

Medium

common

Q15:

When the business of the firm becomes illegal

On the death of a partner

When a partner becomes insane

On the expiry of the term of the partnership

Correct Answer

Option 3

Correct Answer

Explanation →

Q16:

31 May Shift 1

Partnership

Easy

common

Q16:

Under the fixed capital method, the capitals of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement among the partners.

Under the fluctuating capital method, two account, i.e. capital account and current account is maintained for each partner.

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q17:

31 May Shift 1

Partnership

Medium

common

Q17:

Rs. 14500

Rs. 14250

Rs. 14750

Rs. 14350

Correct Answer

Option 2

Correct Answer

Explanation →

Q18:

31 May Shift 1

Partnership

Medium

common

Q18:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q19:

31 May Shift 1

Partnership

Easy

common

Q19:

Retired partner only

Remaining partners in the new profit sharing ratio

Old partners in old profit sharing ratio

Old partners in the sacrificing ratio

Correct Answer

Option 3

Correct Answer

Explanation →

Q20:

31 May Shift 1

Partnership

Easy

common

Q20:

Realization Account

Partners' Capital Accounts

Bank Account

Partner Loan Account

Correct Answer

Option 2

Correct Answer

Explanation →

Q21:

31 May Shift 1

Partnership

Medium

common

Q21:

(A) - (i), (B) - (ii), (C) - (iii), (D) - (iv)

(A) - (i), (B) - (ii), (C) - (ii), (D) - (iv)

(A) - (i), (B) - (ii), (C) - (iv), (D) - (iii)

(A) - (iii), (B) - (iv), (C) - (i), (D) - (ii)

Correct Answer

Option 3

Correct Answer

Explanation →

Q22:

31 May Shift 1

Company Accounts

Easy

common

Q22:

Share Capital

Reserve and Surplus

Non-current Liabilities

Current Liabilities

Correct Answer

Option 1

Correct Answer

Explanation →

Q23:

31 May Shift 1

Partnership

Easy

common

Q23:

Realisation Account

Drawings Account

Bank Account

Loan Account.

Correct Answer

Option 3

Correct Answer

Explanation →

Q24:

31 May Shift 1

Partnership

Medium

common

Q24:

Rs. 1,00,000

Rs. 2,20,000

Rs. 1,80,000

Rs. 1,50,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q25:

31 May Shift 1

Partnership

Hard

common

Q25:

Rs. 2000 brought in

Rs. 1000 paid off.

Rs. 3000 paid off.

Rs. 2500 brought in.

Correct Answer

Option 3

Correct Answer

Explanation →

Q26:

31 May Shift 1

Company Accounts

Easy

common

Q26:

Par

Premium

Discount

Amount higher then its face value.

Correct Answer

Option 3

Correct Answer

Explanation →

Q27:

31 May Shift 1

Partnership

Medium

common

Q27:

(A) and (D) only

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q28:

31 May Shift 1

Company Accounts

Easy

common

Q28:

Registered debentures

First debentures

Bearer debentures

Unsecured Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q29:

31 May Shift 1

Partnership

Easy

common

Q29:

Bank Account

Realisation Account

Partner's Capital Account

Partner's Current Account

Correct Answer

Option 1

Correct Answer

Explanation →

Q30:

31 May Shift 1

Partnership

Medium

common

Q30:

2:5

3:5

4:5

5:3

Correct Answer

Option 2

Correct Answer

Explanation →

Q31:

31 May Shift 1

Partnership

Easy

common

Q31:

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

31 May Shift 1

Company Accounts

Medium

common

Q32:

Will be debited by the issue price of the shares forfeited.

Will be debited by the face value of the shares forfeited.

Will be debited by the called up value of the shares forfeited.

Will be credited by the issue price of the shares forfeited.

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

31 May Shift 1

Company Accounts

Easy

common

Q33:

General reserve

Capital redemption reserve

Capital reserve

Reserve capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q34:

31 May Shift 1

Partnership

Medium

common

Q34:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q35:

31 May Shift 1

Partnership

Easy

common

Q35:

Never paid

Fully paid

Partly paid

Paid according to Capital contribution

Correct Answer

Option 2

Correct Answer

Explanation →

Q36:

31 May Shift 1

Partnership

Medium

common

Q36:

Rs. 45000

Rs. 25000

Rs. 35000

Rs. 20000

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

31 May Shift 1

Partnership

Medium

common

Q37:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q38:

31 May Shift 1

Partnership

Medium

common

Q38:

Rs. 50,000

Rs. 60,000

Rs. 30,000

Rs. 40,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q39:

31 May Shift 1

Company Accounts

Medium

common

Q39:

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share first and final Call A/c 2,500

To Share Forfeiture A/c 1,500

Share Capital Reserve A/c Dr. 5,000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 4,000

To Share Forfeiture A/c 2,000

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share Forfeiture A/c 4,000

Share Capital A/c Dr. 5, 000

Securities Premium A/c Dr. 1,000

To Share Allotment A/c 2,000

To Share first and final Call A/c 1,500

To Share Forfeiture A/c 2,500

Correct Answer

Option 4

Correct Answer

Explanation →

Q40:

31 May Shift 1

Partnership

Medium

common

Q40:

Rs. 8,800

Rs. 17,800

Rs. 14,400

Rs. 20,800

Correct Answer

Option 2

Correct Answer

Explanation →

Q41:

31 May Shift 1

Company Accounts

Easy

common

Q41:

Debited to calls in advance account

Credited to calls in advance account

Debited to calls account

Credited to calls account

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

31 May Shift 1

Company Accounts

Easy

common

Q42:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q43:

31 May Shift 1

Partnership

Easy

common

Q43:

Names and Addresses of all partners

Mode of auditor's appointment, if any

The date of commencement of partnership

Bank Details of Nominee

Correct Answer

Option 4

Correct Answer

Explanation →

Q44:

31 May Shift 1

Partnership

Medium

common

Q44:

4 : 3 : 3

4 : 3 : 5

3 : 4: 3

2 : 7 : 3

Correct Answer

Option 1

Correct Answer

Explanation →

Q45:

31 May Shift 1

Company Accounts

Easy

common

Q45:

(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 →

Q46:

31 May Shift 1

Financial Statements

Easy

Financial Statements

Q46:

Horizontal analysis

Trend Analysis

Cash flow Analysis

Vertical analysis

Correct Answer

Option 3

Correct Answer

Explanation →

Q47:

31 May Shift 1

Financial Statements

Easy

Financial Statements

Q47:

Proceeds from long-term borrowings.

Cash revenue from operations

Cash receipt from trade receivables.

Employee benefits expenses paid.

Correct Answer

Option 1

Correct Answer

Explanation →

Q48:

31 May Shift 1

Financial Statements

Easy

Financial Statements

Q48:

Inventory turnover and current ratio

Current ratio and quick ratio

Gross profit margin and operating ratio

Current ratio and average collection period

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

31 May Shift 1

Financial Statements

Medium

Financial Statements

Q49:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q50:

31 May Shift 1

Financial Statements

Easy

Financial Statements

Q50:

The original cost or historical cost is the basis of recording transactions.

It cannot be expressed in monetary terms.

Certain accounting conventions are followed while preparing financial statements.

Financial statements are prepared on certain basic assumptions

Correct Answer

Option 2

Correct Answer

Explanation →

Q51:

31 May Shift 1

Computerised Accounting

Medium

Computerised Accounting

Q51:

=TRIM(A1)=A1

=LEN(A1)>10

=ISNUMBER(A1)

=WEEKDAY(A1)<>1

Correct Answer

Option 1

Correct Answer

Explanation →

Q52:

31 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q52:

Plot Area

Data Area

Chart Area

Axis Area

Correct Answer

Option 3

Correct Answer

Explanation →

Q53:

31 May Shift 1

Accountancy

Easy

Computerised Accounting

Q53:

Only Dearness Allowance

Basic Pay + Dearness Pay (if applicable)

Grade Pay + House Rent Allowance

Transport Allowance only

Correct Answer

Option 2

Correct Answer

Explanation →

Q54:

31 May Shift 1

Computerised Accounting

Easy

Computerised Accounting

Q54:

File Name

Specific Values in Datasets

Format Styles

Chart Types

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

31 May Shift 1

Accountancy

Easy

Computerised Accounting

Q55:

Housing expenses

Fuel charges

Erosion in purchasing power due to inflation

Commuting cost

Correct Answer

Option 3

Correct Answer

Explanation →