Q1:
2 June Shift 2
Company Accounts > Share Capital
Easy
common
Calls in arrears are shown in the balance sheet as.
Correct Answer
Option 2
Correct Answer
CUET Accountancy 2025 2 June Shift 2 PYQs
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Q2:
2 June Shift 2
Company Accounts > Share Capital
Easy
common
Match List-I with List-II | List-I | List-II | |---|---| | (A) Authorized capital. | (I) Mentioned in Prospectus. | | (B) Issued capital. | (II) Mentioned In Memorandum Of Association. | | (C) Subscribed capital. | (III) called up capital-calls in arrears. | | (D) Paid up capital. | (IV) Capital for which application is received. | Choose the correct answer from the options given below:
Correct Answer
Option 3
Correct Answer
Q3:
2 June Shift 2
Company Accounts > Share Capital
Easy
common
R Ltd purchased a building from X Infra for Rs 6,00,000 and the payment is to be made by the issue of shares for Rs 100 each at a premium of 20%. Calculate the number of shares to be issued.
Correct Answer
Option 1
Correct Answer
Q4:
2 June Shift 2
Partnership > Dissolution
Medium
common
Section 49, of the Indian Partnership Act 1932, deals with
Correct Answer
Option 2,4
Correct Answer
Q5:
2 June Shift 2
Partnership > Dissolution
Medium
common
Match List-I with List-II | List-I | List-II | |---|---| | (Accounting standards Section of Act.) | (Issues) | | (A) AS-3 | (I) Settlement Of Accounts. | | (B) AS-26 | (II) Firm's debt and private debt | | (C) Section 48 of the Indian partnership Act | (III) Cash flow statement. | | (D) Section 49 of the Indian partnership Act | (IV) Treatment of goodwill. | Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q6:
2 June Shift 2
Partnership > Admission
Medium
common
Match List-I with List-II | List-I | List-II | |---|---| | (Types of goodwill) | (Treatment to done.) | | (a) Existing Goodwill. | (I) no entry passed. | | (B) Goodwill premium | (II) inferred from the capital arrangement. | | (C) Goodwill paid privately. | (III) Written off. | | (D) Hidden goodwill | (IV) credited to sacrificing partner. | Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q7:
2 June Shift 2
Company Accounts > Share Capital
Medium
common
A share of Rs.10. Issued at a premium of Rs.3. On which Rs.3 was payable on application and Rs.5 was payable on allotment including premium. A shareholder who had applied for 100 shares was Allotted Only 50 Shares and due to non payment of allotment his shares were forfeited. In this case the amount to be debited to securities premium A/c on forfeiture of these shares are
Correct Answer
Option 3
Correct Answer
Q8:
2 June Shift 2
Partnership > Accounting
Easy
common
In case of Fixed Capital Account, Interest on Drawings are
Correct Answer
Option 3
Correct Answer
Q9:
2 June Shift 2
Partnership > Dissolution
Easy
common
The order to be followed in preparation of realization account is. (A) Realization of the assets. (B) Transfer assets and liabilities to realization account. (C) Ascertainment of profit or loss on realization. (D) Payment of liabilities. Choose the correct answer from the options given below:
Correct Answer
Option 3
Correct Answer
Q10:
2 June Shift 2
Company Accounts > Share Capital
Easy
common
In what condition the amount is shown under the head of 'Subscribed and Fully Paid up Share Capital' in Balance Sheet of a Company-
Correct Answer
Option 2
Correct Answer
Q11:
2 June Shift 2
Partnership > Accounting
Easy
common
Rent payable to partner is .
Correct Answer
Option 3
Correct Answer
Q12:
2 June Shift 2
Partnership > Dissolution
Medium
common
Unrecorded Debtors, are realised at the time of dissolution of a Partnership Firm, will be shown in:
Correct Answer
Option 2,3
Correct Answer
Q13:
2 June Shift 2
Partnership > Accounting
Medium
common
Match List-I with List-II | List-I | List-II | |---|---| | (Different accounts. ) | (Related transaction.) | | (A) profit and loss account. | (I) dissolution of partnership. | | (B) profit and loss appropriation account. | (II) dissolution of firm. | | (C) revaluation account | (III) interest on loan to partner. | | (D) realization account. | (IV) transfer to reserve. | Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q14:
2 June Shift 2
Company Accounts > Share Capital
Medium
common
A share of Rs. 10 on which Rs.8 was called up was forfeited for non-payment of Rs.5. This share can be reissued at a minimum price of Rs.
Correct Answer
Option 4
Correct Answer
Q15:
2 June Shift 2
Partnership > Accounting
Easy
common
In the absence of partnership deed, interest on drawings is charged at.
Correct Answer
Option 2
Correct Answer
Q16:
2 June Shift 2
Partnership > Dissolution
Easy
common
When realisation expenses are paid by the Partner on behalf of a Firm, which account will be credited:
Correct Answer
Option 2
Correct Answer
Q17:
2 June Shift 2
Partnership > Admission
Easy
common
A and B are partners in a firm sharing profits in the ratio of 3:2. They admit C as a partner for 1/3 share, the sacrificing ratio between A and B is
Correct Answer
Option 1
Correct Answer
Q18:
2 June Shift 2
Partnership > Admission
Easy
common
For the right to get a share in future profits of a partnership firm, a newly admitted partner will have to bring :-
Correct Answer
Option 4
Correct Answer
Q19:
2 June Shift 2
Company Accounts > Debentures
Medium
common
Issue of Rs. 1,00,000, 9% debentures of Rs. 100 each at discount of 15% but redeemable at premium of 5%, the amount debited to loss on issue of debenture account is.
Correct Answer
Option 1
Correct Answer
Q20:
2 June Shift 2
Company Accounts > Debentures
Medium
common
Debenture suspense is shown in the balance sheet as
Correct Answer
Option 1
Correct Answer
Q21:
2 June Shift 2
Partnership > Accounting
Easy
common
When the date of drawing is not specified, interest on drawings are calculated for
Correct Answer
Option 4
Correct Answer
Q22:
2 June Shift 2
Partnership > Admission
Easy
common
The past average profits of a business works out at Rs. 20,000 and it is expected that such profits are likely to continue for another three years, the value of goodwill based on average profit method will be....... .
Correct Answer
Option 1
Correct Answer
Q23:
2 June Shift 2
Company Accounts > Debentures
Medium
common
Choose the correct statement:-
Correct Answer
Option 2
Correct Answer
Q24:
2 June Shift 2
Company Accounts > Share Capital
Medium
common
Arrange the following events in proper order. (A) Transfer to capital reserve. (B) Forfeiture of share. (C) Calls in arrears. (D) Re issue of share. Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
Q25:
2 June Shift 2
Partnership > Dissolution
Medium
common
On the happening of certain contingencies, Subject to contract between the partners, a firm is dissolved , (A) if constituted for a fixed term, by the expiry of that term. (B) if constituted to carry out one or more ventures, by the completion thereof. (C) by the death of a partner (D) by the adjudication of a partner as an insolvent Choose the correct answer from the options given below:
Correct Answer
Option 3
Correct Answer
Q26:
2 June Shift 2
Partnership > Admission
Medium
common
Which is the correct statement, in respect of the Revaluation Account :-
Correct Answer
Option 4
Correct Answer
Q27:
2 June Shift 2
Partnership > Accounting
Medium
common
Identify the correct statement from the given below :-
Correct Answer
Option 2
Correct Answer
Q28:
2 June Shift 2
Partnership > Dissolution
Medium
common
An unrecorded asset is taken over by a creditor in full settlement in such a case
Correct Answer
Option 4
Correct Answer
Q29:
2 June Shift 2
Partnership > Accounting
Easy
common
The liability of partners is
Correct Answer
Option 4
Correct Answer
Q30:
2 June Shift 2
Financial Statements > Nature/Structure
Easy
common
Which accounting standard is applicable for recognizing Intangible assets?
Correct Answer
Option 3
Correct Answer
Q31:
2 June Shift 2
Partnership > Dissolution
Medium
common
Match List-I with List-II | List-I | List-II | |---|---| | (Events) | (Result.) | | (A) Termination of business. | (I) Not Possible In Dissolution Of Partnership. | | (B) Continuation Of Business | (II) Not possible in the dissolution of a firm. | | (C) Intervention of court. | (III) Dissolution of firm | | (D) Continuation of books of accounts. | (IV) Dissolution of partnership. | Choose the correct answer from the options given below:
Correct Answer
Option 1,4
Correct Answer
Q32:
2 June Shift 2
Partnership > Dissolution
Medium
common
Anubha looked after the dissolution work for remuneration of Rs. 8,500 and agreed to bear dissolution expenses upto Rs. 6,000. Actual expenses paid by her were Rs. 7,600. What will be the journal entry for remuneration payable to Anubha? (A) Realisation A/c is debited by 8,500 (B) Anubha's Capital A/c is credited by 8,500. (C) Realisation A/c is debited by13,600. (D) Anubha's Capital is credited by13,600. Choose the correct answer from the options given below:
Correct Answer
Option 1
Correct Answer
Q33:
2 June Shift 2
Financial Statements > Nature/Structure
Medium
common
As per AS-26 assets like goodwill should be written off .
Correct Answer
Option 3
Correct Answer
Q34:
2 June Shift 2
Partnership > Retirement/Death
Medium
common
Naveen, Suresh and Tarun are partners sharing profits and losses in the ratio of 5:3:2. Tarun retires from the firm and his share was taken over by Naveen and suresh in the ratio 2:1. In such a case, the new share of profit will be .
Correct Answer
Option 2
Correct Answer
Q35:
2 June Shift 2
Company Accounts > Share Capital
Easy
common
Reserve capital is
Correct Answer
Option 3
Correct Answer
Q36:
2 June Shift 2
Partnership > Accounting
Medium
common
When the capital accounts are fixed, additional capital introduced by the partner is.
Correct Answer
Option 3
Correct Answer
Q37:
2 June Shift 2
Partnership > Dissolution
Medium
common
On dissolution of a firm, the amount of loan taken from partner by firm will be transferred to
Correct Answer
Option 1
Correct Answer
Q38:
2 June Shift 2
Company Accounts > Debentures
Medium
common
Discount on issue of 8% debentures is shown in the balance sheet as
Correct Answer
Option 1
Correct Answer
Q39:
2 June Shift 2
Company Accounts > Share Capital
Medium
common
Securities premium can be utilized for (A) Writing of preliminary expenses. (B) Issue of bonus share. (C) Payment of dividends. (D) Buy back of shares. Choose the correct answer from the options given below:
Correct Answer
Option 1
Correct Answer
Q40:
2 June Shift 2
Partnership > Admission
Medium
common
At the time of admission of partner ,Workmen Compensation Claim Exceeding Workmen Compensation Fund is transferred to
Correct Answer
Option 3
Correct Answer
Q41:
2 June Shift 2
Partnership > Admission
Medium
common
Abhiram and Ragini are partners sharing profits in the ratio of 3:2. They admit Arun a new partner for 1/5th share in the future profits of the firm which he gets equally from Abhiram and Ragini. Calculate the new profit sharing ratio of Abhiram, Ragini and Arun.
Correct Answer
Option 2
Correct Answer
Q42:
2 June Shift 2
Partnership > Admission
Medium
common
In the case of guarantee of profit ,the sequence of Steps to be followed are. (A) divide the profit in the given ratio. (B) prepare profit and loss appropriation account as usual. (C) deduct the deficiency from guaranteeing partner and add the same to guaranteed partner. (D) find the deficiency. Choose the correct answer from the options given below:
Correct Answer
Option 3
Correct Answer
Q43:
2 June Shift 2
Company Accounts > Share Capital
Easy
common
In the case of under subscription of shares.
Correct Answer
Option 1
Correct Answer
Q44:
2 June Shift 2
Partnership > Accounting
Easy
common
Reconstitution of partnership does not involves
Correct Answer
Option 2
Correct Answer
Q45:
2 June Shift 2
Financial Statements > Cash Flow
Medium
common
Cash Inflows from Financing Activities does not include-
Correct Answer
Option 3
Correct Answer
Q46:
2 June Shift 2
Financial Statements > Ratios
Easy
Financial Statements
Operating expense ratio is
Correct Answer
Option 1
Correct Answer
Q47:
2 June Shift 2
Financial Statements > Ratios
Easy
Financial Statements
The main advantage of ratio analysis is.
Correct Answer
Option 1
Correct Answer
Q48:
2 June Shift 2
Financial Statements > Cash Flow
Easy
Financial Statements
Cash received from the issue of debenture for a trading organization is.
Correct Answer
Option 4
Correct Answer
Q49:
2 June Shift 2
Financial Statements > Nature/Structure
Medium
Financial Statements
Goods costing Rs.80,000/- were sold at a profit of 20% on sales. the amount of gross profit on this sales is.
Correct Answer
Option 3
Correct Answer
Q50:
2 June Shift 2
Computerised Accounting > Overview
Easy
Financial Statements
_______ is a dialog box that displays one complete record at a time and can be used to add, change, locate, and delete records.
Correct Answer
Option 3
Correct Answer
Q51:
2 June Shift 2
Computerised Accounting > Spreadsheet
Easy
Computerised Accounting
Which function returns the cumulative interest paid between two periods?
Correct Answer
Option 1
Correct Answer
Q52:
2 June Shift 2
Computerised Accounting > Spreadsheet
Easy
Computerised Accounting
Which function is used to remove spaces before and after the text?
Correct Answer
Option 4
Correct Answer
Q53:
2 June Shift 2
Computerised Accounting > Spreadsheet
Easy
Computerised Accounting
Intersection of row and column is referred as _______?
Correct Answer
Option 2
Correct Answer
Q54:
2 June Shift 2
Computerised Accounting > Overview
Easy
Computerised Accounting
Which of the following is not a sub-system of Accounting Information System?
Correct Answer
Option 3
Correct Answer
Q55:
2 June Shift 2
Company Accounts > Share Capital
Easy
Computerised Accounting
Which of the following statements are true with reference to a "company"? (A) The directors of the company are the owners of the company. (B) A company is an artificial person. (C) A company has its common seal. (D) The liability of the members of the company is limited to the extent of shares held by them Choose the correct answer from the options given below:
Correct Answer
Option 4
Correct Answer
CUET Accountancy 2025 2 June Shift 2 - Past Year Questions
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