List of top Accountancy Questions asked in CUET (UG)

If a partner withdraws equal amount at the beginning of each quarter, what average period should be considered for interest on total drawings?
When partners decide not to revalue assets and liabilities at the time of death of a partner, Deceased Partner’s Capital Account is credited with revaluation gain and Gaining Partners' Capital Accounts are adjusted in:
At the time of death of a partner, balance of Investment Fluctuation Reserve after adjusting fall in investment value is treated as:
Under Section 37 of Indian Partnership Act, 1932, what is the right of outgoing partner if amount remains unpaid?
In the books of a partnership firm maintaining fluctuating capital accounts, which of the following appropriations or adjustments would result in a credit to the Partners' Current Accounts?
Final payment: Capital debit ₹50,000, profit ₹1,00,000, liability taken ₹8,000. Find payment.
On dissolution, furniture book value ₹5,000 taken for ₹4,300. Which account is debited?
Sarvesh, Sriniketan and Srinivas are partners in ratio 5:3:2. If Sriniketan's share of profit is ₹1,50,000, find Sarvesh's share.
Ram, Manohar and Joshi were partners. Joshi died on 28 Feb 2018. His share of profit is calculated on average of 3 years profits. Find Joshi's share. Profits: 2015 = 8000, 2016 = 9000, 2017 = 10000
If a company fails to receive minimum subscription within 120 days from the date of issue of the prospectus, in how many days should company refund the amount of application money from the date of issue of prospectus?
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?