CUET-UG | Accountancy QBank
Welcome Learners !!
ScholarWorm welcomes all of his Aspirants who are dreaming to achieve their desired career goal in life.
Here we present you the Questions from the subject of Accountancy for your CUET-UG (Common University Entrance Test). Keep Solving questions to prepare better and improve your scores.
Instructions for Question Paper :-
1. The Test Paper is AI generated.
2.The AI bot creates a set of 20 Questions from the pool of questions that is being updated regularly by our expert faculties.
3. Only 1 SET is available per User per Day in free Question Banks. Come Back tomorrow for New SET.
Note :- Number of Questions and Timer is not customizable in Free QBanks.
Results
-
#1. Debenture interest is paid as :
#2. The account which is prepared on dissolution of a partnership firm :
#3. The first stage of incorporating a company is :
#4. Which of the following is not a purpose for which the Securities Premium amount can be used ?
#5. As per Schedule III, Part I of the Companies Act, 2013 'calls-in-arrears' will be presented under which of the following head/sub-head, in the Balance Sheet of a company ?
#6. HR Limited issued 10,000 equity shares @ ` 10 each at 10% premium. All shares were subscribed and amount was received. Identity the amount to be transferred to Securities Premium Reserve A/c.
#7. The Journal Entry to acquire an asset from vendor will be :
#8. On dissolution of a firm, a liability taken over by a partner is credited to :
#9. The ________ measures the activity of a firm’s inventory.
#10. Bishan and Sudha were partners in a firm sharing profits and losses in the ratio of 5 : 3. Alena was admitted as a new partner. It was decided that the new profit sharing ratio of Bishan, Sudha and Alena will be 10 : 6 : 5. The sacrificing ratio of Bishan and Sudha will be
#11. Current ratio of Vidur Pvt. Ltd. is 3 : 2. Accountant wants to maintain it at 2 : 1. Following options are available : [ (i) He can repay bills payable (ii) He can purchase goods on credit (iii) He can take short-term loan. ] Choose the correct option :
#12. Pick the odd one out
#13. Which of the following items is not dealt through Profit and Loss Appropriation Account ?
#14. Which of the following is a limitation of financial analysis ?
#15. On the basis of the following data, how much final payment will be made to a partner on firm’s dissolution? [ Credit balance of capital account of the partner was ` 50,000. Share of loss on realisation amounted to ` 10,000. Firm’s liability taken over by him was for ` 8,000. ]
#16. Pick the odd one out
#17. The may indicate that the firm is experiencing stock outs and lost sales.
#18. Those preference shares which do not carry the right to receive arrears of dividend :
