CUET QuestionsAccounting

120 solved questions with detailed explanations

111

Q27. In case of change in profit sharing ratio among partners in a firm, the Stock Account stood at ₹55,000 in the Balance Sheet of the old firm and at the time of reconstitution, it was observed that

CUET UGAccounting
112

Q6. Gobind, Hari and Pratap are partners. On the retirement of Gobind, the goodwill already appears in the books at ₹24,000. The goodwill will be written off (a) By debiting all the partner capital ac

CUET UGAccounting
113

Q2. Match List - I with List - II. List - I (A) Debenture Suspense Account (B) Current maturities of Debts (C) Discount on Issue of Debentures (D) Interest on Debentures written off List - II (I) Stat

CUET UGAccounting
114

Q2. Calculate interest on drawings if an amount of ₹7,500 is withdrawn at the end of bimonthly for the year. Rate of interest on drawing is 8% p.a.

CUET UGAccounting
115

Q31. Match List - I with List - II.

CUET UGAccounting
116

Q40. Himanshi and Nisha are partners in a firm sharing profit in the ratio of 3: 2. There capital were ₹80,000 and ₹50,000 Respectively. They admitted Shikha on Jan 1, 2023 as a new partner for 1/5 sh

CUET UGAccounting
117

Q15. A sports club sold used sports material like balls, net, bats etc. It is usually shown in:

CUET UGAccounting
118

Q36. Arrange following categories of Share Capital in a sequence.

CUET UGAccounting
119

Q18. In case the net profits made during the year by a company are ₹50,000 and bills payable have increased by ₹10,000 during the year then the cash flow from operating activities for the company will

CUET UGAccounting
120

Q23. Which of the following are facts about Debentures?

CUET UGAccounting
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