CUET Accountancy 2025 14 May Shift 1 PYQs

A company failed to receive Rs 2,00,000 on First and final Call. Interest on calls in arrears is charged according to 'Table F' at:

Calculate credit revenue from operations using following information: Total revenue from operations : Rs 4,00,000, Cash received from operations are 25% of Credit revenue from operations.

Which Factor does not Affect the Value of Goodwill:

Which combination of following statements are Incorrect (False) about debentures- (A) Debenture is a part of owned capital. (B) The payment of interest on debentures is a charge on the profits of the company. (C) The debentures cannot be issued at a discount of more than 10% of the face value. (D) Debentures cannot be converted into shares. (E) Redeemable debentures are those debentures, which are payable on the expiry of the specific period. Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Comparative Statements | (I) It describes the significant relationship which exists between various items of a balance sheet and a statement of profit and loss of a firm. | | (B) Common Size Statements | (II) It is a technique of studying the operational results and financial position over a series of years. | | (C) Trend Analysis | (III) These are the statements which indicate the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item. | | (D) Ratio Analysis | (IV) These are the statements showing the profitability and financial position of a firm for different periods of time. | Choose the correct answer from the options given below:

Unrecorded liabilities when paid are shown in:

Which of the following is not a types of graphs and charts

Match List-I with List-II | List-I | List-II | |---|---| | (A) Issued Capital | (I) It is that part of the issued capital which has been actually subscribed by the public. | | (B) Uncalled Capital | (II) Capital which can be called only in the event of winding up of the company. | | (C) Reserve Capital | (III) That portion of the subscribed capital which has not yet been called up. | | (D) Subscribed Capital | (IV) It is that part of the authorised capital which is actually issued to the public for subscription | Choose the correct answer from the options given below:

Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013- (A) Shareholder's Funds (B) Non-Current Assets (C) Current Liabilities (D) Share Application money pending allotment (E) Current Assets Choose the correct answer from the options given below:

Keshav, Nirmal and Pankaj are partners sharing profits and losses in the ratio of 4 : 3 : 2. Nirmal retires and the goodwill is valued at Rs. 72,000. Keshav and Pankaj decided to share future profits and losses in the ratio of 5 : 3. Gaining Ratio of Keshav and Pankaj is:

Arrange the following steps for calculating Goodwill under Capitalisation of Average Profits Method in correct sequence- (A) Ascertain the actual firm's capital (net assets) by deducting outside liabilities from the total assets. (B) Compute the value of goodwill by deducting net assets from the capitalised value of average profits. (C) Ascertain the average profits based on the past few years' performance. (D) Capitalize the average profits on the basis of the normal rate of return to ascertain the capitalised value of average profits. Choose the correct answer from the options given below:

Arrange the following capitals in correct sequence as they appears in notes to account- (A) Subscribed and Not Fully paid-up (B) Subscribed and Fully paid-up (C) Issued Capital (D) Nominal Capital Choose the correct answer from the options given below:

In case partner's capital is fixed, then where interest on drawings charged will be shown?

If partnership deed is silent on the profit sharing ratio and other provisions: interest @_____ per annum is allowed on loans advanced by partners:

Amitabh and Babul are partners sharing profits in the ratio of 3:2, with capitals of Rs. 50,000 and Rs. 30,000 respectively. Interest on capital is agreed @ 6% p.a. Babul is to be allowed an annual salary of Rs. 2,500. Manager is to be allowed commission Rs. 5,000. Amitabh has also given a loan on April 01, 2019 of Rs. 50,000 to the firm without any agreement. During the year 2019-20, the profits earned is Rs. 22,250. What amount of profit will be transferred to Profit and Loss Appropriation account :

Which of the following is True about analysis of financial statements- (A) The financial statements of a business enterprise include cash flow statement. (B) Financial analysis is used only by the creditors. (C) Comparative statements are the form of horizontal analysis. (D) Financial analysis helps an analyst to arrive at a decision. Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Shareholders fund | (I) Long-term loans and advances | | (B) Non-current Liabilities | (II) Reserves and Surplus | | (C) Current Liabilities | (III) Long term provisions | | (D) Non-Current Assets | (IV) Trade payables | Choose the correct answer from the options given below:

Which of the following combination of statements are true about dissolution- (A) A firm is compulsorily dissolved when a partner decide to retire. (B) Dissolution of a partnership is different from dissolution of a firm. (C) A partnership is dissolved when there is a death of a partner. (D) Dissolution of a firm necessarily involves dissolution of partnership. Choose the correct answer from the options given below:

The _________ may indicate that the firm is experiencing stockouts and lost sales.

Which of the following is the feature of fluctuating capital:

_________ are especially interested in the average payment period, since it provides them with a sense of the bill-paying patterns of the firm.

Arrange different Classification of Activities for the Preparation of Cash Flow Statement- (A) Cash and Cash equivalents (B) Cash flow from Financing Activities (C) Cash flow from Investing Activities (D) Cash flow from Operating Activities Choose the correct answer from the options given below:

Match List-I with List-II | List-I | List-II | |---|---| | (A) Secured Debentures | (I) Which are payable on the expiry of the specific period either in lump sum or in instalments during the life time of the company. | | (B) Unsecured Debentures | (II) Debentures where a charge is created on the assets of the company for the purpose of payment in case of default. | | (C) Redeemable Debentures | (III) These debentures are repayable on the winding-up of a company or on the expiry of a long period. | | (D) Irredeemable Debentures | (IV) Debentures do not have a specific charge on the assets of the company. | Choose the correct answer from the options given below:

At the time of admission of a partner, undistributed profits appearing in the balance sheet of the old firm is transferred to the capital account of:

Which of the following statements are True about ratio analysis- (A) A ratio reflects quantitative and qualitative aspects of results. (B) Long-term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount (C) A ratio is always expressed as a quotient of one number divided by another. (D) Ratios help in comparisons of a firm's results over a number of accounting periods as well as with other business enterprises. Choose the correct answer from the options given below:

Excess value of net assets over purchase consideration at the time of purchase of business is credited to

$A$ and $B$ are partners in a firm sharing profits in the ratio of $5:3$. They admit $C$ as a new partner for $\frac{1}{7}$th share in the profits. The new profit sharing ratio will be $4:2:1$. The sacrificing ratio of $A$ and $B$ is

In case of dissolution of a firm, Losses including deficiencies of capital, shall be paid first out of ....

Which combination of statements are correct about Death of a partner- (A) Ascertainment of new profit sharing ratio and gaining ratio (B) Preparation of Realization Account (C) Revaluation of assets and liabilities (D) Adjustment of capital, if required Choose the correct answer from the options given below:

The best way to get started in Excel 2007 is to click the ____.

Match List-I with List-II | List-I | List-II | |---|---| | (A) Liquidity Ratio | (I) Trade payable Turnover Ratio | | (B) Solvency Ratio | (II) Quick Ratio | | (C) Activity Ratio | (III) Proprietary Ratio | | (D) Profitability Ratio | (IV) Price earning ratio | Choose the correct answer from the options given below:

Shares can be forfeited :

The current ratio is 2.5 : 1. Current assets are Rs. 50,000 and current liabilities are Rs. 20,000. How much must be the reduction in the current assets to bring the ratio to 2 : 1

Dissolution of a firm cannot take place in which of the situation:

Rahul Limited purchased building from Handa Limited for Rs.5,40,000 and the payment is to be made by the issue of shares of Rs.100 each. The number of shares to be issued at premium of 20% is:

Steps for Forfeiture of Shares- (A) Issue of Prospectus (B) Shares Forfeiture (C) Receipt of Application (D) Allotment of Shares Choose the correct answer from the options given below:

On dissolution of a firm, partner's loan account is transferred to:

Contents of the Partnership Deed does not include

Financial analysis is useful and important to different users. Which of the following is not the user of Financial analysis:

In the absence of any information regarding the acquisition of share in profits of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his/her share in following: