List of top Accountancy Questions asked in CUET (UG)

On retirement of a partner, the retiring partner's capital account will be credited with ______

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 
Choose the correct answer from the options given below:

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 
Choose the correct answer from the options given below:

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:

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

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

When the total amount withdrawn is given but the date of withdrawal is not given then interest on drawings is charged for a period of: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

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