List of top Questions asked in CUET (UG)

On retirement of a partner, the retiring partner's capital account will be credited with ______
Identify the components of equity:
A. Money received against share warrants 
B. Working capital 
C. Share capital 
D. Reserves & surplus 
E. Cash Revenue from operations 
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Identify the correct sequence of current assets in company's Balance sheet?
A. Bills Receivables 
B. Cash & cash equivalents 
C. Short term loans & advances 
D. Inventories 
E. Current investments 
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Identify the limitations of financial statements:
A. Can be biased 
B. Report on stewardship function 
C. Aggregate information 
D. Only interim reports 
E. Basis of fiscal policies 
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Identify the steps in preparation of final accounts of not for profit organization (NPO)
A. Prepare Balance Sheet of NPO 
B. Prepare Income and Expenditure Account from Receipts and payment Account 
C. Prepare Receipts and payment Account 
D. Adjust outstanding/prepaid expenditure/Income and determine surplus/ Deficit E. Prepare cash book 
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If a partner retires in the middle of the year his/her share of profit from the date of last balance sheet till the date of retirement will be transferred to :
If debentures are converted into equity shares, it is a/an :
What are different types of debentures from the view point of registration
A. Convertible
B. Bearer 
C. Redeemable 
D. Secured 
E. Registered
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What are the different types of liquidity ratios
A. Interest coverage ratio 
B. Current ratio 
C. Inventory turnover ratio 
D. Gross profit ratio 
E. Acid test ratio 
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What is the correct sequence of types of capital in company's Balance sheet while preparing notes to accounts.
A. Issued Capital 
B. Subscribed and fully paid up capital 
C. Share forfeited Balance 
D. Authorised Capital 
E. Subscribed but not fully paid up capital 
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Journal entry to be passed for unrecorded assets for preparing Revaluation A/C at the time of Retirement of a partner will be______
When debentures are issued at premium with the term of redeeming them at par. The amount of premium received at the time of issue will be:
When the total amount withdrawn is given but the date of withdrawal is not given then interest on drawings is charged for a period of:
Aman and Mohan, partners of a firm decided to dissolve the business on 31-03-22. The firm decided to pay realisation expenses of ₹ 1,000 on behalf of Mohan. ₹1000 will be debited to
Match List I with List II in context g cashflow statement
LIST I: Major Head  LIST II: Sub Head 
(A)Sale of fixed asset(I)Outflow in operating Activities.
(B)Purchase of Goodwill(II)Inflow in Investing Activities
(C)Tax Paid(III)Outflow in Investing Activities
(D)Dividend Paid(IV)Outflow in Financing Activities
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Match List-I with List-II in context of not having partnership deed.
LIST I  LIST II
(A)Interest on loan (I)Equal
(B)Interest on drawings(II)Will not be charged
(C)Salary(III)@ 6% p.a. 
(D)Profit sharing ratio (IV)Will not be allowed/provided 
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Which of the following arguments in a financial function represents the total number of payments
At the time of admission of partner if goodwill exist in the books of account it will be written off among:
While preparing common-size Balance sheet, each item of Balance sheet is expressed as % of
Sale of copy rights are considered as a part of
Securities premium Reserve can be utilised
A. to return excess money received on application
B. to write off preliminary expenses 
C. to issue partly paid bonus shares 
D. for premium paid on Redemption of Debentures or preference shares 
E. for buy back of shares 
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The capital accounts of partners will always show a ________ balance under fixed capital account method
Common size analysis is also known as
The term field' as applied to database table means.
It is the amount-paid to the person who is not the regular employee of the institution.