List of top Accountancy Questions asked in CUET (UG)

As per Section 464 of the Companies Act, 2013, the maximum prescribed number of partners in a firm is:
Sarvesh, Sriniketan and Srinivas are partners in the ratio of 5 : 3 : 2. If Sriniketan’s share of profit at the end of the year amounted to ₹ 1,50,000, what will be Sarvesh’s share of profits?
According to the Companies Act, a company cannot buy back its shares out of:
Exe Ltd. has balance in Provision for Tax Account of Rs. 50,000 and Rs. 75,000 as on 31st March, 2024 and 2025 respectively. It made provision for tax during the year of Rs. 65,000. Tax paid during the year was
If a partner withdraws equal amount at the beginning of each quarter, what average period should be considered for interest on total drawings?
When partners decide not to revalue assets and liabilities at the time of death of a partner, Deceased Partner’s Capital Account is credited with revaluation gain and Gaining Partners' Capital Accounts are adjusted in:
At the time of death of a partner, balance of Investment Fluctuation Reserve after adjusting fall in investment value is treated as:
Under Section 37 of Indian Partnership Act, 1932, what is the right of outgoing partner if amount remains unpaid?
In the books of a partnership firm maintaining fluctuating capital accounts, which of the following appropriations or adjustments would result in a credit to the Partners' Current Accounts?
Final payment: Capital debit ₹50,000, profit ₹1,00,000, liability taken ₹8,000. Find payment.
On dissolution, furniture book value ₹5,000 taken for ₹4,300. Which account is debited?
Sarvesh, Sriniketan and Srinivas are partners in ratio 5:3:2. If Sriniketan's share of profit is ₹1,50,000, find Sarvesh's share.
Ram, Manohar and Joshi were partners. Joshi died on 28 Feb 2018. His share of profit is calculated on average of 3 years profits. Find Joshi's share. Profits: 2015 = 8000, 2016 = 9000, 2017 = 10000
If a company fails to receive minimum subscription within 120 days from the date of issue of the prospectus, in how many days should company refund the amount of application money from the date of issue of prospectus?
According to the 'Going Concern' concept, assets are recorded at:
When debentures are issued as collateral security, the entry passed is:
Comparative statements are also known as:
Income and Expenditure Account of a Non-Profit Organization is a:
A company forfeited 500 shares of ₹10 each, fully called up, for non-payment of allotment money of ₹3 per share and first and final call of ₹2 per share. The amount credited to the Share Forfeited Account is:
On the dissolution of a partnership firm, which account is prepared to ascertain the net gain or loss on the sale of assets and payment of liabilities?
Which of the following is considered a 'Financing Activity' in a Cash Flow Statement?
At the time of admission of a new partner, the balance in the Profit and Loss Account (Credit Balance) appearing in the books is transferred to:
If Current Ratio is 2.5:1 and Working Capital is ₹60,000, the value of Current Assets is:
A partner withdraws ₹10,000 at the beginning of each quarter. If the rate of interest on drawings is 10% p.a., the interest on drawings for a year will be:
The production manager regularly conducts meetings with employees to discuss targets, clarify doubts and receive feedback.
The management element involved here is: