CUET Accountancy 2025 4 June Shift 2 PYQs

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Financial Statements Computerised Accounting

Q1:

4 June Shift 2

Company Accounts

Medium

common

Q1:

Discount on issue of shares account.

Loss on issue of shares account.

Share Forfeiture Account.

Premium on issue of shares account.

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

4 June Shift 2

Partnership

Easy

common

Q2:

Bank Account

Partners' capital account

Realisation account

Partners' current account

Correct Answer

Option 3

Correct Answer

Explanation →

Q3:

4 June Shift 2

Company Accounts

Medium

common

Q3:

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 →

Q4:

4 June Shift 2

Partnership

Medium

common

Q4:

(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 →

Q5:

4 June Shift 2

Company Accounts

Easy

common

Q5:

preliminary expenses payable by the company and any commission payable in connection with the issue of shares

working capital

personal needs of shareholders

any other expenditure required for the usual conduct of business operations.

Correct Answer

Option 3

Correct Answer

Explanation →

Q6:

4 June Shift 2

Partnership

Medium

common

Q6:

Rs. 82,500

Rs. 90,000

Rs. 82,000

Rs. 75,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

4 June Shift 2

Partnership

Medium

common

Q7:

Nil

Rs. 6,000

Rs. 1,500

Rs. 3,000

Correct Answer

Option 4

Correct Answer

Explanation →

Q8:

4 June Shift 2

Partnership

Easy

common

Q8:

Correct Answer

Option 3

Correct Answer

Explanation →

Q9:

4 June Shift 2

Company Accounts

Medium

common

Q9:

Rs. 4,800

Rs. 8,400

Rs. 7,200

Zero

Correct Answer

Option 3

Correct Answer

Explanation →

Q10:

4 June Shift 2

Partnership

Medium

common

Q10:

Premium for Goodwill A/c Dr. 20,000

Outgoing Partners Capital A/c Dr. 30,000

To sacrificing partners capital A/c's Cr. 50,000

Premium for Goodwill A/c Dr. 20,000

Goodwill A/c Dr. 30,000

To sacrificing partners capital A/c's Cr. 50,000

Premium for Goodwill A/c Dr. 20,000

Incoming partners current A/c Dr. 30,000

To sacrificing partners capital A/c's Cr. 50,000

Premium for Goodwill A/c Dr. 20,000

Bank A/c Dr. 30,000

To sacrificing partners capital A/c's Cr. 50,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

4 June Shift 2

Company Accounts

Easy

common

Q11:

Correct Answer

Option 3

Correct Answer

Explanation →

Q12:

4 June Shift 2

Company Accounts

Easy

common

Q12:

Revenue profit

Capital profit

Income

Operating profit

Correct Answer

Option 2

Correct Answer

Explanation →

Q13:

4 June Shift 2

Accountancy

Easy

common

Q13:

Valid partnership can be formulated even without a written agreement between the partners.

Each partner will share profit in same proportion as other in case partnership deed is not there.

Maximum number of partners as prescribed by Central Government can be 50

The method of settlement of dispute among the partner cannot be part of the partnership deed.

Correct Answer

Option 4

Correct Answer

Explanation →

Q14:

4 June Shift 2

Partnership

Medium

common

Q14:

Bank A/c Dr.

To Realisation A/c

Realisation A/c Dr.

To Bank A/c

Partner's Capital Account A/c Dr.

To Realisation A/c

Partner's Current Account A/c Dr.

To Realisation A/c

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

4 June Shift 2

Partnership

Medium

common

Q15:

Yadu Rs. 30,000 Madhu Rs. 30,000 Vidu Rs. 15,000

Yadu Rs. 25,000 Madhu Rs. 25,000 Vidu Rs. 25,000

Yadu Rs. 39,600 Madhu Rs. 39,600 Vidu Rs. 19,800

Yadu Rs. 35,000 Madhu Rs. 25,000 Vidu Rs. 15,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q16:

4 June Shift 2

Company Accounts

Medium

common

Q16:

Shares Forfeiture A/c Dr. 3,500

To Capital Reserve A/c 3,500

Shares Forfeiture A/c Dr. 6,500

To Capital Reserve A/c 6,500

Shares Forfeiture A/c Dr. 4,500

To Capital Reserve A/c 4,500

Shares Forfeiture A/c Dr. 10,500

To Capital Reserve A/c 10,500

Correct Answer

Option 3

Correct Answer

Explanation →

Q17:

4 June Shift 2

Company Accounts

Easy

common

Q17:

Registered debentures

First debentures

Bearer debentures

Unsecured Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

4 June Shift 2

Partnership

Easy

common

Q18:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q19:

4 June Shift 2

Company Accounts

Easy

common

Q19:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q20:

4 June Shift 2

Company Accounts

Easy

common

Q20:

100

200

300

unlimited

Correct Answer

Option 2

Correct Answer

Explanation →

Q21:

4 June Shift 2

Partnership

Medium

common

Q21:

Rs. 1,10,000

Rs. 3,00,000

Rs. 38,000

Rs. 22,000

Correct Answer

Option 4

Correct Answer

Explanation →

Q22:

4 June Shift 2

Partnership

Medium

common

Q22:

Rs. 12,700

Rs. 18,000

Rs. 25,500

Rs. 21,750

Correct Answer

Option 4

Correct Answer

Explanation →

Q23:

4 June Shift 2

Partnership

Easy

common

Q23:

Fictitious asset

Tangible asset

Liquid asset

Intangible asset

Correct Answer

Option 4

Correct Answer

Explanation →

Q24:

4 June Shift 2

Company Accounts

Easy

common

Q24:

General Reserve

Capital Redemption Reserve

Capital Reserve

Reserve Capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q25:

4 June Shift 2

Partnership

Medium

common

Q25:

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

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

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

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

Correct Answer

Option 2,4

Correct Answer

Explanation →

Q26:

4 June Shift 2

Partnership

Easy

common

Q26:

A new partner is admitted into firm.

Firm's business is closed down permanently.

Firm's books of accounts are permanently closed.

Economic relationship between partners comes to an end.

Correct Answer

Option 1

Correct Answer

Explanation →

Q27:

4 June Shift 2

Partnership

Medium

common

Q27:

Balance Sheet

Profit and Loss Account

Retiring partners Capital Account

Gaining partners Capital Account

Correct Answer

Option 4

Correct Answer

Explanation →

Q28:

4 June Shift 2

Company Accounts

Medium

common

Q28:

(A) and (B) only

(A) and (C) only

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q29:

4 June Shift 2

Partnership

Easy

common

Q29:

Goodwill to be written off (if any)

Credit balance of his capital account

Credit balance of his current account (if any)

His/Her share of profit on revaluation of assets

Correct Answer

Option 1

Correct Answer

Explanation →

Q30:

4 June Shift 2

Partnership

Easy

common

Q30:

Assets account

Profit and Loss Adjustment account

Old partner's capital account

Profit and Loss account

Correct Answer

Option 1

Correct Answer

Explanation →

Q31:

4 June Shift 2

Partnership

Easy

common

Q31:

Interest on Capital are allowed.

Interest on partner drawing is charged.

Remuneration or salary is given to partners.

Partners shall share the profit and losses equally.

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

4 June Shift 2

Partnership

Medium

common

Q32:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

4 June Shift 2

Partnership

Easy

common

Q33:

Not Pay, Realisation

Pay, Realisation

Pay, Revaluation

Not pay, revaluation

Correct Answer

Option 2

Correct Answer

Explanation →

Q34:

4 June Shift 2

Partnership

Medium

common

Q34:

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

(A) - (II), (B) - (IV), (C) - (I), (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 →

Q35:

4 June Shift 2

Company Accounts

Medium

common

Q35:

Rs. 60,000

Rs. 30,000

Zero

Rs. 15,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

4 June Shift 2

Partnership

Easy

common

Q36:

Loan from Partner A/c Dr. 50,000

To Bank A/c 45,000

To Realisation A/c 5,000

Loan from Partner A/c Dr. 50,000

To Bank A/c 50,000

Realisation A/c Dr. 50,000

To Bank A/c 50,000

Loan from Partner A/c Dr. 45,000

To Bank A/c -45,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

4 June Shift 2

Partnership

Medium

common

Q37:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q38:

4 June Shift 2

Company Accounts

Easy

common

Q38:

Separate legal entity

Common seal

Limited Liability

Unlimited Liability

Correct Answer

Option 4

Correct Answer

Explanation →

Q39:

4 June Shift 2

Partnership

Medium

common

Q39:

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

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

(B) and (D) only

(A) and (C) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q40:

4 June Shift 2

Company Accounts

Medium

common

Q40:

(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 →

Q41:

4 June Shift 2

Partnership

Medium

common

Q41:

Rs. 80,000

Rs. 20,000

Rs. 40,000

Rs. 45,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q42:

4 June Shift 2

Partnership

Easy

common

Q42:

Less goodwill

More goodwill

No goodwill

Moderate goodwill

Correct Answer

Option 3

Correct Answer

Explanation →

Q43:

4 June Shift 2

Partnership

Medium

common

Q43:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q44:

4 June Shift 2

Company Accounts

Easy

common

Q44:

for failure to repay the loan to the bank

for failure to attend meetings

for non-payment of call money

for issue of shares for consideration other than cash

Correct Answer

Option 3

Correct Answer

Explanation →

Q45:

4 June Shift 2

Partnership

Medium

common

Q45:

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

(A) - (II), (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 →

Q46:

4 June Shift 2

Financial Statements

Medium

Financial Statements

Q46:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q47:

4 June Shift 2

Financial Statements

Easy

Financial Statements

Q47:

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

(B) and (D) only

(D) Only

Correct Answer

Option 3

Correct Answer

Explanation →

Q48:

4 June Shift 2

Financial Statements

Easy

Financial Statements

Q48:

under utilization of assets

improper utilization of assets

better utilization of assets

signifies decreased efficiency

Correct Answer

Option 3

Correct Answer

Explanation →

Q49:

4 June Shift 2

Financial Statements

Medium

Financial Statements

Q49:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q50:

4 June Shift 2

Financial Statements

Easy

Financial Statements

Q50:

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

(B) only

(B) and (C) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q51:

4 June Shift 2

Computerised Accounting

Easy

Computerised Accounting

Q51:

SLN

PMT

Correct Answer

Option 4

Correct Answer

Explanation →

Q52:

4 June Shift 2

Accountancy

Easy

Computerised Accounting

Q52:

Acquisition Cost × Salvage Value

Acquisition Cost – Salvage Value

Salvage Value × Depreciation Rate

Acquisition Cost / Useful Life

Correct Answer

Option 2

Correct Answer

Explanation →

Q53:

4 June Shift 2

Computerised Accounting

Easy

Computerised Accounting

Q53:

By inserting formulas

By resizing the plot area

By selecting primary or secondary axes display

By deleting chart elements

Correct Answer

Option 3

Correct Answer

Explanation →

Q54:

4 June Shift 2

Computerised Accounting

Easy

Computerised Accounting

Q54:

Cell values

Gridlines

Data types

Legends

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

4 June Shift 2

Computerised Accounting

Easy

Computerised Accounting

Q55:

Format tab

Resize or move option

Data validation

Freeze panes

Correct Answer

Option 2

Correct Answer

Explanation →

CUET Accountancy 2025 4 June Shift 2 - Past Year Questions

Practice with our comprehensive collection of CUET Accountancy 2025 4 June Shift 2 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 4 June Shift 2 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:

4 June Shift 2

Company Accounts

Medium

common

Q1:

Discount on issue of shares account.

Loss on issue of shares account.

Share Forfeiture Account.

Premium on issue of shares account.

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

4 June Shift 2

Partnership

Easy

common

Q2:

Bank Account

Partners' capital account

Realisation account

Partners' current account

Correct Answer

Option 3

Correct Answer

Explanation →

Q3:

4 June Shift 2

Company Accounts

Medium

common

Q3:

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 →

Q4:

4 June Shift 2

Partnership

Medium

common

Q4:

(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 →

Q5:

4 June Shift 2

Company Accounts

Easy

common

Q5:

preliminary expenses payable by the company and any commission payable in connection with the issue of shares

working capital

personal needs of shareholders

any other expenditure required for the usual conduct of business operations.

Correct Answer

Option 3

Correct Answer

Explanation →

Q6:

4 June Shift 2

Partnership

Medium

common

Q6:

Rs. 82,500

Rs. 90,000

Rs. 82,000

Rs. 75,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

4 June Shift 2

Partnership

Medium

common

Q7:

Nil

Rs. 6,000

Rs. 1,500

Rs. 3,000

Correct Answer

Option 4

Correct Answer

Explanation →

Q8:

4 June Shift 2

Partnership

Easy

common

Q8:

Correct Answer

Option 3

Correct Answer

Explanation →

Q9:

4 June Shift 2

Company Accounts

Medium

common

Q9:

Rs. 4,800

Rs. 8,400

Rs. 7,200

Zero

Correct Answer

Option 3

Correct Answer

Explanation →

Q10:

4 June Shift 2

Partnership

Medium

common

Q10:

Premium for Goodwill A/c Dr. 20,000

Outgoing Partners Capital A/c Dr. 30,000

To sacrificing partners capital A/c's Cr. 50,000

Premium for Goodwill A/c Dr. 20,000

Goodwill A/c Dr. 30,000

To sacrificing partners capital A/c's Cr. 50,000

Premium for Goodwill A/c Dr. 20,000

Incoming partners current A/c Dr. 30,000

To sacrificing partners capital A/c's Cr. 50,000

Premium for Goodwill A/c Dr. 20,000

Bank A/c Dr. 30,000

To sacrificing partners capital A/c's Cr. 50,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

4 June Shift 2

Company Accounts

Easy

common

Q11:

Correct Answer

Option 3

Correct Answer

Explanation →

Q12:

4 June Shift 2

Company Accounts

Easy

common

Q12:

Revenue profit

Capital profit

Income

Operating profit

Correct Answer

Option 2

Correct Answer

Explanation →

Q13:

4 June Shift 2

Accountancy

Easy

common

Q13:

Valid partnership can be formulated even without a written agreement between the partners.

Each partner will share profit in same proportion as other in case partnership deed is not there.

Maximum number of partners as prescribed by Central Government can be 50

The method of settlement of dispute among the partner cannot be part of the partnership deed.

Correct Answer

Option 4

Correct Answer

Explanation →

Q14:

4 June Shift 2

Partnership

Medium

common

Q14:

Bank A/c Dr.

To Realisation A/c

Realisation A/c Dr.

To Bank A/c

Partner's Capital Account A/c Dr.

To Realisation A/c

Partner's Current Account A/c Dr.

To Realisation A/c

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

4 June Shift 2

Partnership

Medium

common

Q15:

Yadu Rs. 30,000 Madhu Rs. 30,000 Vidu Rs. 15,000

Yadu Rs. 25,000 Madhu Rs. 25,000 Vidu Rs. 25,000

Yadu Rs. 39,600 Madhu Rs. 39,600 Vidu Rs. 19,800

Yadu Rs. 35,000 Madhu Rs. 25,000 Vidu Rs. 15,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q16:

4 June Shift 2

Company Accounts

Medium

common

Q16:

Shares Forfeiture A/c Dr. 3,500

To Capital Reserve A/c 3,500

Shares Forfeiture A/c Dr. 6,500

To Capital Reserve A/c 6,500

Shares Forfeiture A/c Dr. 4,500

To Capital Reserve A/c 4,500

Shares Forfeiture A/c Dr. 10,500

To Capital Reserve A/c 10,500

Correct Answer

Option 3

Correct Answer

Explanation →

Q17:

4 June Shift 2

Company Accounts

Easy

common

Q17:

Registered debentures

First debentures

Bearer debentures

Unsecured Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

4 June Shift 2

Partnership

Easy

common

Q18:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q19:

4 June Shift 2

Company Accounts

Easy

common

Q19:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q20:

4 June Shift 2

Company Accounts

Easy

common

Q20:

100

200

300

unlimited

Correct Answer

Option 2

Correct Answer

Explanation →

Q21:

4 June Shift 2

Partnership

Medium

common

Q21:

Rs. 1,10,000

Rs. 3,00,000

Rs. 38,000

Rs. 22,000

Correct Answer

Option 4

Correct Answer

Explanation →

Q22:

4 June Shift 2

Partnership

Medium

common

Q22:

Rs. 12,700

Rs. 18,000

Rs. 25,500

Rs. 21,750

Correct Answer

Option 4

Correct Answer

Explanation →

Q23:

4 June Shift 2

Partnership

Easy

common

Q23:

Fictitious asset

Tangible asset

Liquid asset

Intangible asset

Correct Answer

Option 4

Correct Answer

Explanation →

Q24:

4 June Shift 2

Company Accounts

Easy

common

Q24:

General Reserve

Capital Redemption Reserve

Capital Reserve

Reserve Capital

Correct Answer

Option 3

Correct Answer

Explanation →

Q25:

4 June Shift 2

Partnership

Medium

common

Q25:

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

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

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

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

Correct Answer

Option 2,4

Correct Answer

Explanation →

Q26:

4 June Shift 2

Partnership

Easy

common

Q26:

A new partner is admitted into firm.

Firm's business is closed down permanently.

Firm's books of accounts are permanently closed.

Economic relationship between partners comes to an end.

Correct Answer

Option 1

Correct Answer

Explanation →

Q27:

4 June Shift 2

Partnership

Medium

common

Q27:

Balance Sheet

Profit and Loss Account

Retiring partners Capital Account

Gaining partners Capital Account

Correct Answer

Option 4

Correct Answer

Explanation →

Q28:

4 June Shift 2

Company Accounts

Medium

common

Q28:

(A) and (B) only

(A) and (C) only

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q29:

4 June Shift 2

Partnership

Easy

common

Q29:

Goodwill to be written off (if any)

Credit balance of his capital account

Credit balance of his current account (if any)

His/Her share of profit on revaluation of assets

Correct Answer

Option 1

Correct Answer

Explanation →

Q30:

4 June Shift 2

Partnership

Easy

common

Q30:

Assets account

Profit and Loss Adjustment account

Old partner's capital account

Profit and Loss account

Correct Answer

Option 1

Correct Answer

Explanation →

Q31:

4 June Shift 2

Partnership

Easy

common

Q31:

Interest on Capital are allowed.

Interest on partner drawing is charged.

Remuneration or salary is given to partners.

Partners shall share the profit and losses equally.

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

4 June Shift 2

Partnership

Medium

common

Q32:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

4 June Shift 2

Partnership

Easy

common

Q33:

Not Pay, Realisation

Pay, Realisation

Pay, Revaluation

Not pay, revaluation

Correct Answer

Option 2

Correct Answer

Explanation →

Q34:

4 June Shift 2

Partnership

Medium

common

Q34:

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

(A) - (II), (B) - (IV), (C) - (I), (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 →

Q35:

4 June Shift 2

Company Accounts

Medium

common

Q35:

Rs. 60,000

Rs. 30,000

Zero

Rs. 15,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

4 June Shift 2

Partnership

Easy

common

Q36:

Loan from Partner A/c Dr. 50,000

To Bank A/c 45,000

To Realisation A/c 5,000

Loan from Partner A/c Dr. 50,000

To Bank A/c 50,000

Realisation A/c Dr. 50,000

To Bank A/c 50,000

Loan from Partner A/c Dr. 45,000

To Bank A/c -45,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

4 June Shift 2

Partnership

Medium

common

Q37:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q38:

4 June Shift 2

Company Accounts

Easy

common

Q38:

Separate legal entity

Common seal

Limited Liability

Unlimited Liability

Correct Answer

Option 4

Correct Answer

Explanation →

Q39:

4 June Shift 2

Partnership

Medium

common

Q39:

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

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

(B) and (D) only

(A) and (C) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q40:

4 June Shift 2

Company Accounts

Medium

common

Q40:

(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 →

Q41:

4 June Shift 2

Partnership

Medium

common

Q41:

Rs. 80,000

Rs. 20,000

Rs. 40,000

Rs. 45,000

Correct Answer

Option 3

Correct Answer

Explanation →

Q42:

4 June Shift 2

Partnership

Easy

common

Q42:

Less goodwill

More goodwill

No goodwill

Moderate goodwill

Correct Answer

Option 3

Correct Answer

Explanation →

Q43:

4 June Shift 2

Partnership

Medium

common

Q43:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q44:

4 June Shift 2

Company Accounts

Easy

common

Q44:

for failure to repay the loan to the bank

for failure to attend meetings

for non-payment of call money

for issue of shares for consideration other than cash

Correct Answer

Option 3

Correct Answer

Explanation →

Q45:

4 June Shift 2

Partnership

Medium

common

Q45:

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

(A) - (II), (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 →

Q46:

4 June Shift 2

Financial Statements

Medium

Financial Statements

Q46:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q47:

4 June Shift 2

Financial Statements

Easy

Financial Statements

Q47:

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

(B) and (D) only

(D) Only

Correct Answer

Option 3

Correct Answer

Explanation →

Q48:

4 June Shift 2

Financial Statements

Easy

Financial Statements

Q48:

under utilization of assets

improper utilization of assets

better utilization of assets

signifies decreased efficiency

Correct Answer

Option 3

Correct Answer

Explanation →

Q49:

4 June Shift 2

Financial Statements

Medium

Financial Statements

Q49:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q50:

4 June Shift 2

Financial Statements

Easy

Financial Statements

Q50:

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

(B) only

(B) and (C) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q51:

4 June Shift 2

Computerised Accounting

Easy

Computerised Accounting

Q51:

SLN

PMT

Correct Answer

Option 4

Correct Answer

Explanation →

Q52:

4 June Shift 2

Accountancy

Easy

Computerised Accounting

Q52:

Acquisition Cost × Salvage Value

Acquisition Cost – Salvage Value

Salvage Value × Depreciation Rate

Acquisition Cost / Useful Life

Correct Answer

Option 2

Correct Answer

Explanation →

Q53:

4 June Shift 2

Computerised Accounting

Easy

Computerised Accounting

Q53:

By inserting formulas

By resizing the plot area

By selecting primary or secondary axes display

By deleting chart elements

Correct Answer

Option 3

Correct Answer

Explanation →

Q54:

4 June Shift 2

Computerised Accounting

Easy

Computerised Accounting

Q54:

Cell values

Gridlines

Data types

Legends

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

4 June Shift 2

Computerised Accounting

Easy

Computerised Accounting

Q55:

Format tab

Resize or move option

Data validation

Freeze panes

Correct Answer

Option 2

Correct Answer

Explanation →