CUET Questions — Accounting

Q5. At the time of admission of a partner following was the extract of Balance Sheet Investment ₹2,00,000 Investment Fluctuation reserve ₹40,000 (market value ₹6,00,000) What entry will be passed? (a)

Q30. Which of the following is not included in non current liabilities?

Q8. Cash Flow statement of an enterprise helps to ascertain (a) Liquidity (b) Solvency (c) Profitability (d) Turnover

Q11. Payment of income tax is classified under (a) Financing activity (b) Investing activity (c) Operating activity (d) Cash and cash equivalents

Q29. __________ is an extension of Profit & Loss A/c in case of partnership firm. (a) Revaluation A/c (b) Partner's Capital A/c (c) Profit & Loss appropriation A/c (d) Profit & Loss appropriation A/c

Q13. Arrange the following in correct order in the process of Issue and Forfeiture of shares:

Q3. Current account of each partner is debited by the amount of:

Q28. Identify the amount of net cash flow from financing activities on the basis of following Information:

Q28. Identify the basis on which Income and Expenditure Account is prepared by a Not-for-profit organisation (a) Accrual Basis (b) Cash Basis (c) Partial use of both Accrual as well as cash basis (d)

Q48. State the amount of Azad's share in Revaluation gain.