List of top Accountancy Questions asked in CUET (UG)

A manufacturing firm introduces a performance-linked bonus scheme to encourage workers to improve productivity.
This is an example of:
According to the Companies Act, a company cannot buy back its shares out of:
P and Q are partners sharing profits in the ratio of 5:3. They admit R for 1/4th share in profits, which he acquires equally from P and Q.
The sacrificing ratio of P and Q will be:
A and B are partners sharing profits in the ratio of 3:2. They admit C for 1/5th share in profits. The Balance Sheet shows a debit balance of Profit and Loss Account of Rs. 25,000. Goodwill of the firm is valued at Rs. 1,00,000. C brings his share of goodwill in cash.
The amount credited to A's Capital Account on account of goodwill is:
X, Y and Z share profits in the ratio of 4:3:2. Y retires and his share is acquired by X and Z in the ratio of 2:1.
The gaining ratio of X and Z is:
Which of the following tools of ‘Analysis of Financial Statements' indicate the trend and direction of financial position and operating results?
Which account is credited at the time of reissue of forfeited shares?
Which of the following is an extraordinary item in Cash Flow Statement?
Cash deposited into bank is classified as:
The amount received over and above face value of shares is called:
Purchase of machinery for cash will result in:
Debentures are shown under which head in the Balance Sheet of a company?
Which of the following is treated as a non-current asset in the Balance Sheet?
At the time of forfeiture of shares originally issued at premium, Securities Premium Account is:
Interest received by a finance company is classified under which activity in Cash Flow Statement?
Which of the following is shown under the heading “Shareholders’ Funds” in the Balance Sheet of a company?
If an item titled 'Premium on Redemption of Debentures' is visible inside a corporate balance sheet, under which primary classification category heading must it be presented?
Under pro-rata allotment, a company receives applications for 20,000 shares but allots only 10,000 shares to applicants. If a shareholder was allotted 400 shares under this scheme, how many shares did they originally apply for?
A corporate entity issues 1,000, \( 9% \) Debentures of \$100 each at a premium of \( 10% \). What is the total annual interest obligation that the company must pay on these debentures?
An unrecorded liability of \$5,000 is settled at \$4,500 during the dissolution of a partnership firm. Which of the following accounting treatments correctly records this settlement transaction inside the Realisation Account?
If a company issues debentures as a secondary security to back a primary bank loan, under which classification entry title must these corporate debentures be presented in the Notes to the Balance Sheet?

The financial records of Alpha Ltd. show a Current Ratio of \( 2.5:1 \) and a Quick Ratio of \( 1.5:1 \). If the total Current Liabilities of the company equal \(\$40,000\), what is the total dollar valuation of the Inventory held by the firm?

During a financial year, Zenith Ltd. paid \(\$50,000\) as an interim dividend to its equity shareholders. Under which specific activity classification must this transaction be reported within a Cash Flow Statement prepared as per AS-3?

A company forfeited 200 equity shares of \$10 each, fully called up, on which application and allotment money of \$6 per share was paid. Out of these, 150 shares were reissued as fully paid up for \$8 per share. What exact amount must be transferred to the Capital Reserve Account?
X and Y are partners in a firm with capitals of \$60,000 and \$40,000 respectively. Z is admitted as a new partner for a \( \frac{1}{4} \)th share in profits and brings in \$40,000 as his capital contribution. What is the total value of the Hidden Goodwill of the firm?