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 components of equity:
A. Money received against share warrants 
B. Working capital 
C. Share capital 
D. Reserves & surplus 
E. Cash Revenue from operations 
Choose the correct answer from the options given below:
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 
Choose the correct answer from the options given below:
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
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:
At the time of admission of partner if goodwill exist in the books of account it will be written off among:
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 
Choose the correct answer from the options given below:
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 
Choose the correct answer from the options given below:
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 
Choose the correct answer from the options given below:
If debentures are converted into equity shares, it is a/an :
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 
Choose the correct answer from the options given below:
What are different types of debentures from the view point of registration
A. Convertible
B. Bearer 
C. Redeemable 
D. Secured 
E. Registered
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:
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
Choose the correct answer from the options given below:
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______
The capital accounts of partners will always show a ________ balance under fixed capital account method
The term field' as applied to database table means.
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 
Choose the correct answer from the options given below:
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
Choose the correct answer from the options given below:
Common size analysis is also known as