List of top Accountancy Questions on Basics of Accounting asked in CUET (UG)

According to the 'Going Concern' concept, assets are recorded at:

When a company reserve a portion of its uncalled capital to be called in the event of winding up, such uncalled capital is known as:-

The process of receiving minimum subscription of 90% of the entire issue must be completed within _____ days from date of issue of prospectus

Securities premium cannot be used:

Match List I with List II

LIST I		LIST II
A	Employee benefit expenses	I	Investing activity
B	Dividend received	II	Operating activity
C	Loan raised	III	Extraordinary item
D	Proceeds from earthquake disaster management	IV	Financing activity

Choose the correct answer from the options given below:

Satish was appointed to look after the dissolution work for which he was allowed a remuneration of ₹ 14,000. He agreed to take over the investment of the book value of ₹ 11,000 towards payment of his full remuneration. (Investments have already been transferred to Realisation A/c) Joumalize.

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: