List of top Accountancy Questions asked in CUET (UG)

cash flow statement, activities are categorized

If debentures are issued to a vendor for assets purchased and the vendor's account is credited by Rs 1,10,000, what is the journal entry if the debentures are issued at a premium of 10 %?

Match List - I with List - II.

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Which of the following is correct? The important provision affecting partnership accounting, in the absence of a partnership deed is:

Match List I with List II:

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Where is the address of the active cell displayed?

Which of the following will not be shown in Realisation Account?

Match List I with List II

Finance cost refers to the cost incurred on borrowing, mainly interest charges — matches with (IV)

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In Common size Balance Sheet, percentage of various items is expressed as a percentage of:

Calculate Trade Receivables Turnover Ratio from the following data:

Total Revenue from Operations: ₹4,00,000
Closing Trade Receivables: ₹1,00,000
Excess of Closing Trade Receivables over Opening: ₹40,000
Cash Revenue = 25% of Credit Revenue

Calculate Debt Equity Ratio of the company based on the given data:

A partner withdraws ₹8,000 each on 1st April and 1st October. Interest on his drawings @6% p.a. on 31st March will be:

Match List I with List II:

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The important steps in the procedure of share issue are: (A) The company issues the prospectus to the public.
(B) The company has to get minimum subscription within 120 days from the issue of prospectus.
(C) The prospective investors make an application with application money.
(D) Letters of allotment are sent to those allotted shares (or regret letters to those rejected).

Comparative Statements are also known as:

Because of exclusion of non-liquid current assets which of the following ratio is considered better than current ratio as a measure of liquidity position of business?

A firm has current assets ₹2,50,000 and current liabilities ₹1,00,000. Find the current ratio.

A, B, and C were partners in a partnership firm sharing profits in the ratio 5:3:2. B retires and the new profit-sharing ratio between A and C is 3:2. Calculate the gaining ratio of A and C.

A machinery worth ₹75,000 was undervalued by 10%. What will be its new value in the Balance Sheet?

In the absence of a partnership deed, which of the following statements is correct?

At the time of admission of a partner, if goodwill exists in the books of accounts, it will be written off among:

Arrange the following in the context of Cash Flow Statement:
(A) Calculation of cash flow from Operating Activities
(B) Calculation of cash flow from Financing Activities
(C) Calculation of net increase/decrease in cash and cash equivalent during the year
(D) Calculation of cash flow from Investing Activities
(E) Calculation of net profit before tax and extraordinary item
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Arrange the following in a sequence in which amount realised from Assets will be utilized to pay:
A. Partner's Loan
B. Partner's Capital
C. Secured debts of the firm
D. Unsecured debts of the firm
E. Residue to partners
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Rearrange the following in the correct sequence of Cash Flow Statements: A. Calculation of cash flow from investing Activities
B. Opening Balance of cash and cash Equivalents
C. Calculation of cash flow from operating Activities
D. Calculation of cash flow from financing Activities
E. Closing Balance of Cash and Cash Equivalents
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A and B are partners in a firm sharing profit in 4:1 ratio. They admitted “C” as a new partner for 25% share in the profit, which he acquired wholly from A. Determine the new profit-sharing ratio.