Balance of Share Forfeiture account is shown in the Balance Sheet under the item:-
- Current Liabilities and Provisions
- Reserve and Surplus
- Share Capital
- Unsecured Loans
The Correct Option is C
Solution and Explanation
Top CUET Accountancy Questions
- A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc., are Rs. 45,000 and Rs. 15,000 respectively. It is agreed that partners' capitals should be according to the new profit sharing ratio. Determine the new profit sharing ratio.
- CUET (UG) - 2025
- Accountancy
- Reconstitution of Partnership
The following journal entry appears in the books of X Co. Ltd.
\[\text{Bank A/c Dr. 4,75,000} \\ \text{Loss on Issue of Debentures A/c Dr. 75,000} \\ \text{To 12\% Debentures A/c 5,00,000} \\ \text{To Premium on Redemption of Debenture A/c 50,000} \]
In this case, the debentures have been issued at a discount of 5%. What is the rate of premium on redemption of debentures?
- CUET (UG) - 2025
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- Which of the following indicate limitation of financial analysis:
- CUET (UG) - 2025
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- A business has earned average profits of Rs. 1,00,000 during the last few years and the normal rate of return in a similar business is 25%. Ascertain the value of goodwill by capitalisation of average profits method, given that the value of net assets of the business is Rs. 3,20,000.
- CUET (UG) - 2025
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- G.S. Rai company ltd. purchased assets of the book value of Rs. 98,000 from another firm. It was agreed that purchase consideration be paid by issuing 11% debentures of Rs. 100 each. Assume debentures have been issued at discount of 20%. Identify the number of debentures issued by the company to the vendor:
- CUET (UG) - 2025
- Accountancy
- Debentures
Top CUET Balance sheet statement Questions
Match List-I with List-II:
\[\begin{array}{|c|c|} \hline \text{List-I} & \text{List-II} \\ \hline \text{(A) Reserves and Surplus} & \text{(I) Share Options Outstanding Account} \\ \hline \text{(B) Non-current Liabilities} & \text{(II) Long-term provisions} \\ \hline \text{(C) Current Liabilities} & \text{(III) Short-term borrowing} \\ \hline \text{(D) Shareholder's Fund} & \text{(IV) Calls in arrear} \\ \hline \end{array}\]
Choose the correct answer from the options given below:
- CUET (UG) - 2025
- Accountancy
- Balance sheet statement
- Correct sequence of Balance Sheet
A. Short term Loans and Advances
B. Deferred tax liability (Net)
C. Shareholders Fund
D. Capital (work in-progress)
E. Current Liabilities
Choose the correct Option:- CUET (UG) - 2025
- Accountancy
- Balance sheet statement
- Pari, Param, and Prizleen are partners sharing profits and losses in the ratio of 5:3:2. Param retires. Her share is taken by Pari and Prizleen in the ratio of 2:1. Calculate the new profit sharing ratio of Pari and Prizleen.
- CUET (UG) - 2024
- Accountancy
- Balance sheet statement
- Identify the correct order of showing the following current assets in the Balance Sheet of a company:
(A) Other current assets
(B) Inventories
(C) Current Investments
(D) Trade receivables
(E) Cash and Cash Equivalents
Choose the correct answer from the options given below:- CUET (UG) - 2024
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- An annual report is furnished by a company to its :
- CUET (UG) - 2023
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- Find the ratio of de-Broglie wavelengths of deuteron having energy E and \(\alpha\)-particle having energy 2E :
- CUET (UG) - 2026
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Rearrange the following parts to form a meaningful and grammatically correct sentence:
P. a healthy diet and regular exercise
Q. are important habits
R. that help maintain good physical and mental health
S. especially in today's busy world- CUET (UG) - 2025
- Sentence Arrangement
- A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc., are Rs. 45,000 and Rs. 15,000 respectively. It is agreed that partners' capitals should be according to the new profit sharing ratio. Determine the new profit sharing ratio.
- CUET (UG) - 2025
- Reconstitution of Partnership
- Match List-I with List-II \[ \begin{array}{|l|l|l|} \hline \textbf{List-I} & \textbf{List-II} & \textbf{Matches} \\ \hline (A) \; \text{Cell constant} & (I) \; \text{cm}^{-1} & (A) - (I) \\ \hline (B) \; \text{Molar conductance} & (II) \; \Omega^{-1}\,\text{cm}^2\,\text{mol}^{-1} & (B) - (II) \\ \hline (C) \; \text{Specific conductance} & (III) \; \Omega^{-1}\,\text{cm}^{-1} & (C) - (III) \\ \hline (D) \; \text{Conductance} & (IV) \; \Omega^{-1} & (D) - (IV) \\ \hline \end{array} \]
- CUET (UG) - 2025
- Mole concept and Molar Masses
Rearrange the following parts to form a meaningful sentence:
A) despite the heavy rain
B) the match continued
C) and the players showed great determination
D) yesterday- CUET (UG) - 2025
- Sentence Arrangement