CUET UG 2023 Accountancy Question Paper (01-Jun-2023) (Shift 1)

Question 1

On dissolution of a firm of A and B, Mrs. A’s loan will be transferred to:

Accepted Answer

Realisation A/c

Answer

Cash A/c

Answer

Bank A/c

Answer

A’s Capital A/c

Question 2

Rearrange the following items of “Equity and Liabilities” head of Balance Sheet in an order as prescribed in Companies Act 2013, Schedule III.

(A) Current Liabilities

(B) Shareholders’ funds

(C) Share application money pending allotment

(D) Non-Current Liabilities

Choose the correct answer from the options given below:

Accepted Answer

(B), (C), (A), (D)

Answer

(B), (D), (C), (A)

Answer

(C), (A), (B), (D)

Answer

(D), (C), (A), (B)

Question 3

Match List – I with List – II.List IList II(A) MS Access(I) Horizontal row of the table(B) DBMS(II) Vertical column of the table(C) Field(III) Data Base management software(D) Record(IV) Data Base management systemChoose the correct answer from the options given below:

Accepted Answer

(A)-(III), (B)-(IV), (C)-(II), (D)-(I)

Answer

(A)-(II), (B)-(IV), (C)-(III), (D)-(I)

Answer

(A)-(IV), (B)-(III), (C)-(I), (D)-(II)

Answer

(A)-(IV), (B)-(III), (C)-(I), (D)-(II)

Question 4

A, B, and C are partners sharing profits and losses in the ratio of 4:3:2. B retires, and the goodwill is valued at ₹1,08,000. A and C decided to share future profits and losses in the ratio of 5:3.

Record necessary journal entry.

Accepted Answer

A’s capital A/c Dr ₹19,500C’s capital A/c Dr ₹16,500To B’s capital A/c ₹36,000

Answer

A’s capital A/c Dr ₹18,000C’s capital A/c Dr ₹18,000To B’s capital A/c ₹36,000

Answer

A’s capital A/c Dr ₹67,500B’s capital A/c Dr ₹40,500To C’s capital A/c ₹1,08,000

Answer

B’s capital A/c Dr ₹36,000To A’s capital A/c ₹19,500To C’s capital A/c ₹16,500

Question 5

Identify the option, of which cash and cash equivalent comprises as per AS-3, in addition to cash in hand, from the following?

Accepted Answer

Demand Deposits

Answer

Short-term loans and advances

Answer

Trade Receivables

Answer

Non-Trade Investment

CUET UG 2023 Accountancy Question Paper (01-Jun-2023) (Shift 1)

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List I	List II
(A) MS Access	(I) Horizontal row of the table
(B) DBMS	(II) Vertical column of the table
(C) Field	(III) Data Base management software
(D) Record	(IV) Data Base management system