List of top Accountancy Questions asked in CUET (UG)

What is the correct sequence of allotment of shares
A. Allotment money received 
B. Inviting applications from investors 
C. Allotment Due 
D. Application money Received 
E. Share Call Money Due 
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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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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 :

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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While preparing common-size Balance sheet, each item of Balance sheet is expressed as % of

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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Rani, Sandhya and Kangana are partners sharing profits in the ratio of 4:3:2 Rani retires. Sandhya and Kangana decided to share profits in future in the ratio of 5:3. Gaining ratio of Sandhya and Kangana will be

If net profit made during the year are ₹ 50,000 and the bills receivables have decreased by ₹10,000 during the year then the cash flow from operating activities will be:

Sale of copy rights are considered as a part of

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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When the total amount withdrawn is given but the date of withdrawal is not given then interest on drawings is charged for a period of:

Which of the following arguments in a financial function represents the total number of payments

Journal entry to be passed for unrecorded assets for preparing Revaluation A/C at the time of Retirement of a partner will be______

At the time of retirement of a Partner the remaining gaining partners should compensate the______

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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Match List-I with List-II

	LIST I		LIST II
(A)	Cash Equivalents	(I)	Interim Dividend paid
(B)	Financing Activities	(II)	Selling & Distribution expenses paid
(C)	Operating Activities	(III)	Marketable securities
(D)	Investing Activities	(IV)	Dividend received on Shares held as investment

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It is the amount-paid to the person who is not the regular employee of the institution.