List of top Accountancy Questions asked in CUET (UG)

Identify the correct sequence of the following steps involved in calculating cash flows from operating activities of a company:(A) Operating profit before working capital changes
(B) Cash generated from operations
(C) Income tax paid
(D) Net cash flow from operating activities
(E) Goodwill amortised
Match List-I with List-II
List-I (Name of account to be debited or credited, when shares are forfeited)List-II (Amount to be debited or credited)
(A) Share Capital Account(I) Debited with amount not received
(B) Share Forfeited Account(II) Credited with amount not received
(C) Calls-in-arrears Account(III) Credited with amount received towards share capital
(D) Securities Premium Account(IV) Debited with amount called up

Choose the correct answer from the options given below:
The Deceased Partners Capital Account includes the following amount/balances:
(A) Opening balance of his capital
(B) His share of profit/loss till the date of death
(C) His share of General Reserve
.(D) His drawings till the date of death
(E) Amount paid to his executors
Arrange the following in the correct order:
(A) Subscribed Capital
(B) Issued Capital
(C) Authorised Capital
(D) Paid-up Capital
(E) Called-up Capital
Arrange the following steps in the correct sequence of the life of a company:
(A) Commencement of Business
(B) Incorporation
(C) Promotion
(D) Floatation
On dissolution of a firm, bank overdraft is transferred to
The common fields used in a relationship between tables are called
The Sales and Accounts Receivable Subsystem deals with
The components of a Computerised Accounting System are
While preparing the Cash Flow Statement, purchase of goodwill is treated as
Kavita and Lalita are partners sharing profits in the ratio of 2:1. They decide to admit Mohan for 1/4th share in future profits with a guaranteed amount of ₹25,000.Both Kavita and Lalita undertake to meet liability arising due to gauranteed amount to Mohan in their respective profit sharing ratio. The firm earned profits of ₹76,000 for the year 2022-23. The deficiency borne by Kavita is
Match List-I with List-II.
List-I (Equal amount of drawings made)List-II (Number of month for which interest calculated)
(A) At the end of each half year(I) 4.5 months
(B) At the beginning of each quarter(II) 6.5 months
(C) At the beginning of each month(III) 7.5 months
(D) At the end of each quarter(IV) 3 months

Choose the correct answer from the options given below :
If there is no claim against Workmen Compensation Reserve, it is __________ at the time of admission of a partner
Fill in the blanks with the correct answer from the option given below
Which of the following is an example of sequential code?
A partnership can have maximum 50 partners. This limit has been set by the
Dividend received is
A, B, and C are partners sharing profits in the ratio of 3:2:1. C died on 1st July, 2023. On this date, final accounts were prepared to ascertain profits for the period. It resulted in a profit of ₹1,75,000 to the firm. To give effect to the above
If a delay occurs beyond 8 days in refunding the subscription amount, failing to gather the minimum subscription, from the date of closure of the subscription list, the company shall be liable for interest at the rate of
A company can accept calls in advance, if authorized by
Arrange the following in the correct sequence in the context of debenture:
(A) Payment to debenture-holders
(B) Creation of DRR
(C) Issue of debentures
(D) Redemption becomes due.
400 shares of ₹50 each issued at par were forfeited for non-payment of final call of ₹10 per share. These shares were reissued at ₹45 per share as fully paid-up. The amount transferred to capital reserve is
Oversubscription is a situation where the
The adjustment required for overvaluation of closing stock, while calculating adjusted profit for calculating goodwill is:
(A) reduction from concerned years profit.
(B) reduction from next years profit.
(C) addition to next years profit.
(D) addition to previous years profit.
Choose the correct answer from the options given below :
Arrange the following in proper sequence while preparing Cash Flow Statement:,
(A) Net cash flow from operating activities
(B) Cash flow from financing activities
(C) Cash flow from investing activities
(D) Calculate net profit before tax and extraordinary items in working note
Choose the correct answer from the options given below :
Calculate the resulting cash flow and state the nature of cash flow from the following information:,
Acquired machinery for ₹3,50,000 by issuing cheque.