CUET Accountancy 2025 Slot 6 Past Year Paper with Solutions

Q1:

Company Accounts

>

Debentures

Medium

Convertible debentures cannot be issued at a discount if:

They are not to be immediately converted

They are to be immediately converted

Shareholder opts for redemption in cash

Not recited approval from SEBI

Correct Answer

Option 2

Correct Answer

Explanation

Q2:

Partnership

>

Accounting

Medium

Accounting treatment for a partnership firm is similar to that of a sole proprietorship business except the following aspects:

(A) Distribution of Profit and Loss among the partners

(B) Dissolution of Partnership Firm

(C) Raising Capital through public offering

(D) Adjustments for Wrong Appropriation of Profits in the Past

Choose the correct answer from the options given below:

(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

Q3:

Partnership

>

Dissolution

Medium

In which of the following case court can order dissolution of a partnership firm.

On the death of a partner

On the expiry of term of partnership

When business cannot be carried on except at a loss.

When a partner become insolvent.

Correct Answer

Option 3

Correct Answer

Explanation

Q4:

Partnership

>

Admission

Easy

A and B are partners, they admit C into partnership. C was asked to pay Rs 2,50,000 though his share of capital was estimated Rs 2,00,000 only. for what Rs 50,000 extra was asked from C?

Capital

Reserve

Liabilities

Goodwill

Correct Answer

Option 4

Correct Answer

Explanation

Q5:

Partnership

>

Accounting

Medium

Match List-I with List-II

If the partnership deed is silent regarding the items provided in List-I

List-I	List-II
(A) Interest on Capital	(I) to be shared equally
(B) Interest on Loan	(II) not charged
(C) Interest on Drawings	(III) not payable
(D) Sharing of Profits	(IV) @6% p.a.

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation

Q6:

Partnership

>

Accounting

Medium

Which of the following are shown under capital account in case capital of partner's are fixed?

(A) Fresh capital introduced

(B) Permanent capital withdrawn

(C) Interest on capital

(D) Amount of capital brought down from the previous year

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation

Q7:

Partnership

>

Dissolution

Medium

Which of the following will lead to dissolution of partnership firm?

Admission of a partner

With the consent of all the partners.

Death of a partner

Retirement of a partner

Correct Answer

Option 2

Correct Answer

Explanation

Q8:

Company Accounts

>

Share Capital

Easy

Arrange following in correct sequence related to issue of shares

(A) Letters of allotment, and letters of regret are sent

(B) Prospective investors would make an application along with the application money

(C) The company issues the prospectus to the public

(D) Sebsequent installment are called

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation

Q9:

Company Accounts

>

Share Capital

Easy

It is available only for the creditors on winding up of the company.

Registered capital

Subscribed capital

Capital reserve

Reserve capital

Correct Answer

Option 4

Correct Answer

Explanation

Q10:

Company Accounts

>

Share Capital

Medium

High Land India Ltd. invited applications for 50,000 Shares of Rs. 100 each per share. Applications were received for 70,000 shares and pro-rata allotment was made on the application for 50,000 shares. Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment. Of the shares forfeited, 500 share were reissued as fully paid-up for Rs. 80 per share.

Order to be followed for recording entries will be

(A) Forfeiture of shares

(B) Calculation of amount received on allotment

(C) Adjustment of excess money received on application towards allotment

(D) Reissue of shares

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation

Q11:

Financial Statements

>

Nature/Structure

Medium

The manner prescribed in the revised schedule iii to the companies act, 2013, the particulars of balance sheet will appear in the order

(A) Deferred tax assets

(B) Deferred tax liabilities

(C) Reserves and Surplus

(D) Short-term provisions

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation

Q12:

Partnership

>

Dissolution

Easy

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

Capital of partners

Profits

Partners individual contribution in their profit sharing ratio

Borrowings

Correct Answer

Option 2

Correct Answer

Explanation

Q13:

Computerised Accounting

>

Overview

Easy

Method of Codification should be :

Easy to process data

An identification mark

Easy to understand, cryptic, and leads to grouping of accounts

Such that it leads to grouping of accounts

Correct Answer

Option 4

Correct Answer

Explanation

Q14:

Company Accounts

>

Debentures

Medium

Which of the following will be included in case debenture's are issued to vendor at a discount for purchase consideration other than cash?

(A) % Debenture A/c is credited

(B) Vendor A/c is debited

(C) Discount on Issue of Debenture A/c is debited

(D) Securities Premium Reserve A/c is credited

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation

Q15:

Partnership

>

Admission

Easy

Which of the following is not one of the method of valuation of goodwill?

Average profit method

Super profit method

Average Capitalisation weighted method

Capitalisation method

Correct Answer

Option 3

Correct Answer

Explanation

Q16:

Financial Statements

>

Nature/Structure

Easy

Match List-I with List-II

Match the statements with their respective Provisions/ other name

List-I	List-II
(A) AS-3	(I) Statement of profit & loss
(B) Schedule 3 of Companies Act	(II) Cash flow statement
(C) Financial status of the undertaking	(III) Final accounts of company
(D) Performance report	(IV) Balance sheet

Choose the correct answer from the options given below:

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

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

Q17:

Computerised Accounting

>

Spreadsheet

Easy

How many blank worksheets are shown when a new workbook is created?

One

Two

Three

Four

Correct Answer

Option 3

Correct Answer

Explanation

Q18:

Partnership

>

Admission

Medium

In line with what is prescribed by the Accounting Standard, goodwill appearing in the balance sheet is written off at the time of

Firm's dissolution

Revaluation of assets and liabilities

Firm's reconstitution

Preparation of Realisation A/c

Correct Answer

Option 3

Correct Answer

Explanation

Q19:

Partnership

>

Accounting

Easy

Which of the following entry shows withdrawal of excess capital by partner's ?:

Partner's capital A/c is debited and Cash/Bank A/c is credited

Cash/Bank A/c is debited and partner's capital A/c is credited

Drawings A/c is debited and profit and loss A/c is credited

Profit and loss A/c is debited and Drawings A/c is credited

Correct Answer

Option 1

Correct Answer

Explanation

Q20:

Partnership

>

Dissolution

Easy

Neil, Kapil, Sunil started a furniture business in partnership. After one year of their operation, they started exporting Opium by keeping them in blank spaces between the furniture. As authorities came to know about the illegal business of the firm, they will compel them for .......

Changing partner's

Dissolution by Agreement

To continue business by imposing fine

Compulsory Dissolution

Correct Answer

Option 4

Correct Answer

Explanation

Q21:

Company Accounts

>

Share Capital

Medium

Where there is no articles of association of its own, which of the following provisions applies as per Table A.

A minimum of 15 days' notice is given to the shareholders to pay the amount

calls must be made on a uniform basis on all shares of all class.

A period of one month must elapse between two calls

The amount of call should not exceed 20% of the face value of the share

Correct Answer

Option 3

Correct Answer

Explanation

Q22:

Financial Statements

>

Nature/Structure

Medium

Match List-I with List-II

List-I	List-II
(A) Accounting standard rules	(I) 2013
(B) Companies Act	(II) 1932
(C) Financial statement of company	(III) 2006
(D) Partnership Act	(IV) Schedule III

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation

Q23:

Financial Statements

>

Cash Flow

Medium

The order in which following items appear in the cash flow statement

(A) Cash and cash equivalents at the end

(B) Cash and cash equivalents at the beginning

(C) Purchase of property

(D) Proceeds from Issuance of Bonds

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation

Q24:

Company Accounts

>

Share Capital

Easy

The amount on any call should not exceed ___ of the face value of shares.

20%

25%

30%

15%

Correct Answer

Option 2

Correct Answer

Explanation

Q25:

Partnership

>

Admission

Medium

If a new partner does not bring his share of goodwill in cash, the following treatment shall be made

crediting old partners capital A/c in new ratio and debiting new partner capital A/c

crediting old partners capital A/c in sacrificing ratio and debiting new partner current A/c

crediting all partners in the new ratio and debiting premium account

no entry is made when new partner does not bring his share of goodwill in cash

Correct Answer

Option 2

Correct Answer

Explanation

Q26:

Company Accounts

>

Share Capital

Medium

Match List-I with List-II

List-I	List-II
(A) Calls in Advance A/c Dr. To Particular Call A/c	(I) For Interest due on Calls in Advance
(B) Interest on Calls in Advance A/c Dr. To Sundry Shareholder's A/c	(II) For Interest Paid on Calls in Advance
(C) Sundry Shareholder's A/c Dr. To Bank A/c	(III) Calls in advance adjusted with the call money due
(D) Bank A/c Dr. To Calls in Arrears A/c To Interest on Calls in Arrears A/c	(IV) Calls in arrears received with interest

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation

Q27:

Partnership

>

Accounting

Easy

Net loss of the firm as per profit and loss account for the year ending March 31, 2024 amounted to Rs. 75,000. Yaduvanshi, Madhulika and Vidushi are partners, sharing profits and losses in the ratio of 2:2:1. Their fixed capitals on April 01, 2019 were: Yaduvanshi Rs. 5,00,000, Madhulika Rs. 4,00,000 and Vidushi Rs. 3,50,000. On the basis of the above information, pass the necessary journal entry

Yaduvanshi capital A/c Dr. 30,000

Madhulika capital A/c Dr. 30,000

Vidushi capital A/c Dr. 15,000

To profit & loss A/c 75,000

Yaduvanshi current A/c Dr. 30,000

Madhulika current A/c Dr. 30,000

Vidushi current A/c Dr. 15,000

To profit & loss A/c 75,000

Profit & loss A/c Dr. 75,000

To Yaduvanshi capital A/c 30,000

To Madhulika capital A/c 30,000

To Vidushi capital A/c 15,000

Profit & loss A/c Dr. 75,000

To Yaduvanshi current A/c 30,000

To Madhulika current A/c 30,000

To Vidushi current A/c 15,000

Correct Answer

Option 2

Correct Answer

Explanation

Q28:

Partnership

>

Dissolution

Easy

Which of the following event take place in the case of dissolution of a partnership firm

Court does not intervene

Business is not terminated

Economic relations between the partners comes to an end.

Assets and Liabilities are revalued

Correct Answer

Option 3

Correct Answer

Explanation

Q29:

Financial Statements

>

Ratios

Medium

The following ratios primarily measure risk:

(A) Liquidity

(B) Activity

(C) Debts

(D) Profitability

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation

Q30:

Company Accounts

>

Share Capital

Medium

Money received against share warrants' is to be disclosed as a separate item under which head/sub-head

Shareholder's fund

Reserves and Surplus

Non-current Liabilities

Notes to accounts

Correct Answer

Option 1

Correct Answer

Explanation

Q31:

Company Accounts

>

Share Capital

Easy

Zomato Ltd. decided to offer 10% of its issued capital to its employees at a price lower than its market value. The scheme adopted by Zomato Ltd. is

Private placement of shares

Employees Stock Option Plan

Issue of bonus shares

Employers contribution to EPFO

Correct Answer

Option 2

Correct Answer

Explanation

Q32:

Company Accounts

>

Share Capital

Medium

If the premium amount has not been received, in respect of the shares forfeited, the Securities Premium Reserve Account

will not be mentioned at the time of forfeiture

will be debited at the time of forfeiture

will be credited at the time of forfeiture

will be considered at the time of reissue of shares

Correct Answer

Option 2

Correct Answer

Explanation

Q33:

Partnership

>

Retirement/Death

Easy

L, N and T are partners sharing profits in the ratio of 5:3:2. If N retires, the gaining ratio of L & T would be.......

3:2

5:2

5:3

2:3

Correct Answer

Option 2

Correct Answer

Explanation

Q34:

Financial Statements

>

Nature/Structure

Easy

In order to bring clarity regarding the identity of ultimate owners of the company, disclosure of shares in the company held by each shareholder is required, holding more than _____ shares, specifying the number of shares held.

5%

10%

12%

15%

Correct Answer

Option 1

Correct Answer

Explanation

Q35:

Partnership

>

Accounting

Medium

Match List-I with List-II

Match the accounts with their purpose

List-I	List-II
(A) Profit and Loss adjustment A/c	(I) Changes in amount of capital
(B) Profit and loss appropriation A/c	(II) Generally no change in amount of capital
(C) Fixed capital A/c	(III) Errors and omissions found after preparation of final A/c
(D) Fluctuating capital method	(IV) Extention of Profit & loss A/c

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation

Q36:

Partnership

>

Accounting

Medium

A and B are partners, sharing profits equally. Their fixed capitals were Rs 2,00,000 and Rs 3,00,000 respectively. Interest on capital as provided under partnership deed @10% p.a was omitted. Select the correct option from the following:

A capital account will be debited by 25,000

A capital account will be debited by 5,000

B capital account will be debited by 5,000

B capital account will be debited by 25,000

Correct Answer

Option 2

Correct Answer

Explanation

Q37:

Financial Statements

>

Ratios

Easy

On the basis of information given below the closing Inventory will be

Opening inventory 20,000

average inventory 40,000

20,000

40,000

60,000

80,000

Correct Answer

Option 3

Correct Answer

Explanation

Q38:

Financial Statements

>

Nature/Structure

Medium

Which of the following items are included under Reserve and Surplus :

(A) Security Premium reserve

(B) Revaluation reserve

(C) Share option outstanding account

(D) Reserve Capital

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation

Q39:

Company Accounts

>

Debentures

Medium

To write off Discount on issue of debentures following entry is made

Shareholder A/c Dr.

To Discount on issue of Debentures A/c

Capital reserve A/c Dr.

To Discount on issue of Debentures A/c

Securities Premium Reserve A/c./Statement of Profit and Loss Dr.

To Discount on Issue of Debentures A/c.

Share forfeiture A/c Dr.

To Discount on issue of Debentures A/c

Correct Answer

Option 3

Correct Answer

Explanation

Q40:

Financial Statements

>

Ratios

Medium

To calculate interest coverage ratio; steps followed will be

Net Profit after tax Rs. 60,000; 12% Long-term debt 20,00,000; and Tax rate 40%.

(A) Calculate Net Profit before tax

(B) Divide Net Profit before Interest and Tax by Interest on long-term debt

(C) Calculate Net profit before interest and tax

(D) Calculate Interest on Long-term Debt

Choose the correct answer from the options given below:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation

Q41:

Partnership

>

Retirement/Death

Easy

Comprehension:

Answer the questions from based on following paragraph

Preeti, Kabir and Shershah are partners in a firm. Kabir retires from the firm. On his date of retirement, Rs. 1,00,000 became due to him. Preeti and Shershah promised to pay him in four yearly equal installments plus interest @ 12% p.a. on the unpaid balance every year at the end of the year, to which he agreed.

The dues of Kabir is to be paid in 4 yearly installment.The amount of each installment will be

Rs. 20,000

Rs. 25,000

Rs. 37,000

Rs. 34,000

Correct Answer

Option 2

Correct Answer

Explanation

Q42:

Partnership

>

Retirement/Death

Medium

Comprehension:

Answer the questions from based on following paragraph

Preeti, Kabir and Shershah are partners in a firm. Kabir retires from the firm. On his date of retirement, Rs. 1,00,000 became due to him. Preeti and Shershah promised to pay him in four yearly equal installments plus interest @ 12% p.a. on the unpaid balance every year at the end of the year, to which he agreed.

The amount of interest payable at the end of fourth year will be

Rs. 9,000

Rs. 6,000

Rs. 3,000

Rs. 2,500

Correct Answer

Option 3

Correct Answer

Explanation

Q43:

Partnership

>

Retirement/Death

Medium

Comprehension:

Answer the questions from based on following paragraph

Preeti, Kabir and Shershah are partners in a firm. Kabir retires from the firm. On his date of retirement, Rs. 1,00,000 became due to him. Preeti and Shershah promised to pay him in four yearly equal installments plus interest @ 12% p.a. on the unpaid balance every year at the end of the year, to which he agreed.

Net Amount of installment payable at the end of 2nd year to Kabir is

Rs. 25,000

Rs. 34,000

Rs. 31,000

Rs. 37,000

Correct Answer

Option 2

Correct Answer

Explanation

Q44:

Partnership

>

Retirement/Death

Medium

Comprehension:

Answer the questions from based on following paragraph

Preeti, Kabir and Shershah are partners in a firm. Kabir retires from the firm. On his date of retirement, Rs. 1,00,000 became due to him. Preeti and Shershah promised to pay him in four yearly equal installments plus interest @ 12% p.a. on the unpaid balance every year at the end of the year, to which he agreed.

In case at the time of retirement of Kabir, his share of goodwill is valued at Rs 15,000, then what will be the total value of firm valued goodwill on his retirement?

15,000

30,000

45,000

60,000

Correct Answer

Option 3

Correct Answer

Explanation

Q45:

Partnership

>

Retirement/Death

Easy

Comprehension:

Answer the questions from based on following paragraph

Preeti, Kabir and Shershah are partners in a firm. Kabir retires from the firm. On his date of retirement, Rs. 1,00,000 became due to him. Preeti and Shershah promised to pay him in four yearly equal installments plus interest @ 12% p.a. on the unpaid balance every year at the end of the year, to which he agreed.

Gaining ratio among remaining partners Preeti and Shershah is

1:2

1:1

2:1

3:2

Correct Answer

Option 2

Correct Answer

Explanation

Q46:

Financial Statements

>

Analysis

Easy

Based on the information provided below, compute and answer

Comparative Balance Sheet of Amrit Limited

as at March 31, 2023 and March 31, 2024

(Rs. in Lakhs)

Particulars	March 31, 2023	March 31, 2024	Absolute Increase (+) or Decrease (–)	Percentage Increase (+) or Decrease (–)
I. Equity and Liabilities
Shareholders’ Funds
Share capital	15	20	5	……
Reserves and surplus	14	……	(1)	(7.14)
Non-current liabilities
Long-term borrowings	……	19	3	18.75
Current liabilities
Trade payables	2	3	1	50
Total	47	55	8	17.02
II. Assets
Non-current assets
Fixed assets
Tangible assets	15	……	5	33.33
Intangible assets	16	19	3	18.75
Current assets
Inventories	14	13	(1)	(7.14)
Cash and Cash Equivalents	2	3	1	……
Total	47	55	8	17.02

The value of long term borrowings as on 31 March 2023

22,00,000

16,00,000

18,00,000

7,00,000

Correct Answer

Option 2

Correct Answer

Explanation

Q47:

Financial Statements

>

Analysis

Easy

Based on the information provided below, compute and answer

Comparative Balance Sheet of Amrit Limited

as at March 31, 2023 and March 31, 2024

(Rs. in Lakhs)

Particulars	March 31, 2023	March 31, 2024	Absolute Increase (+) or Decrease (–)	Percentage Increase (+) or Decrease (–)
I. Equity and Liabilities
Shareholders’ Funds
Share capital	15	20	5	……
Reserves and surplus	14	……	(1)	(7.14)
Non-current liabilities
Long-term borrowings	……	19	3	18.75
Current liabilities
Trade payables	2	3	1	50
Total	47	55	8	17.02
II. Assets
Non-current assets
Fixed assets
Tangible assets	15	……	5	33.33
Intangible assets	16	19	3	18.75
Current assets
Inventories	14	13	(1)	(7.14)
Cash and Cash Equivalents	2	3	1	……
Total	47	55	8	17.02

What is the percentage change in share capital

30%

33.33%

40%

25%

Correct Answer

Option 2

Correct Answer

Explanation

Q48:

Financial Statements

>

Analysis

Easy

Based on the information provided below, compute and answer

Comparative Balance Sheet of Amrit Limited

as at March 31, 2023 and March 31, 2024

(Rs. in Lakhs)

Particulars	March 31, 2023	March 31, 2024	Absolute Increase (+) or Decrease (–)	Percentage Increase (+) or Decrease (–)
I. Equity and Liabilities
Shareholders’ Funds
Share capital	15	20	5	……
Reserves and surplus	14	……	(1)	(7.14)
Non-current liabilities
Long-term borrowings	……	19	3	18.75
Current liabilities
Trade payables	2	3	1	50
Total	47	55	8	17.02
II. Assets
Non-current assets
Fixed assets
Tangible assets	15	……	5	33.33
Intangible assets	16	19	3	18.75
Current assets
Inventories	14	13	(1)	(7.14)
Cash and Cash Equivalents	2	3	1	……
Total	47	55	8	17.02

Value of reserves and surplus on 31 March 2024 stood at

15,00,000

14,00,000

13,00,000

16,00,000

Correct Answer

Option 3

Correct Answer

Explanation

Q49:

Financial Statements

>

Analysis

Easy

Based on the information provided below, compute and answer

Comparative Balance Sheet of Amrit Limited

as at March 31, 2023 and March 31, 2024

(Rs. in Lakhs)

Particulars	March 31, 2023	March 31, 2024	Absolute Increase (+) or Decrease (–)	Percentage Increase (+) or Decrease (–)
I. Equity and Liabilities
Shareholders’ Funds
Share capital	15	20	5	……
Reserves and surplus	14	……	(1)	(7.14)
Non-current liabilities
Long-term borrowings	……	19	3	18.75
Current liabilities
Trade payables	2	3	1	50
Total	47	55	8	17.02
II. Assets
Non-current assets
Fixed assets
Tangible assets	15	……	5	33.33
Intangible assets	16	19	3	18.75
Current assets
Inventories	14	13	(1)	(7.14)
Cash and Cash Equivalents	2	3	1	……
Total	47	55	8	17.02

What is the value of tangible assets as on 31 March 2024

15,00,000

5,00,000

20,00,000

10,00,000

Correct Answer

Option 3

Correct Answer

Explanation

Q50:

Financial Statements

>

Analysis

Easy

Based on the information provided below, compute and answer

Comparative Balance Sheet of Amrit Limited

as at March 31, 2023 and March 31, 2024

(Rs. in Lakhs)

Particulars	March 31, 2023	March 31, 2024	Absolute Increase (+) or Decrease (–)	Percentage Increase (+) or Decrease (–)
I. Equity and Liabilities
Shareholders’ Funds
Share capital	15	20	5	……
Reserves and surplus	14	……	(1)	(7.14)
Non-current liabilities
Long-term borrowings	……	19	3	18.75
Current liabilities
Trade payables	2	3	1	50
Total	47	55	8	17.02
II. Assets
Non-current assets
Fixed assets
Tangible assets	15	……	5	33.33
Intangible assets	16	19	3	18.75
Current assets
Inventories	14	13	(1)	(7.14)
Cash and Cash Equivalents	2	3	1	……
Total	47	55	8	17.02

Percentage change in cash and cash equivalents

50%

20%

33.33%

66.67%

Correct Answer

Option 1

Correct Answer

Explanation

CUET Accountancy 2025 PYQs15 May Shift 2. Free, no login required.

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CUET Accountancy 2025 15 May Shift 2 Past Year Question Paper

CUET Accountancy Past Year Questions (Topic-Wise)