CUET UG 2023 Accountancy Question Paper (10-Jun-2023) (Shift 3)

Question 1

Steps to print non-contiguous ranges in MS-Excel are:-

A. Click the office Button and select print

B. Select the first range to be printed

C. In print what section, select selection

D. Press [ctrl] + select second range to be printed and more, if required

E. Click print

Choose the correct from the options given below:

Accepted Answer

B-D-A-C-E

Answer

A-B-D-C-E

Answer

B-D-C-A-E

Answer

A-B-C-D-E

Question 2

Match List I with List IIList - IList - II (A) Secured debenture(III) Charge is created on the assets of the company(B) Registered debenture(II) Convertible into equity share(C) Convertible debenture(I) Do not carry a specific rate of interest(D) Zero coupon debenture(IV) Details of debenture holder are entered in registerChoose the correct answer from the options given below:

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 3

A and B are partners their respective capitals are ₹50,000 and ₹30,000. Interest on capital is agreed @ 6% p.a. B is allowed an annual salary ₹2,500. Profit during the year prior to calculation of Interest on capital but after charging B’s salary is ₹12,500. 5% of net profit is paid to manager as commission. The amount of commission paid to manager is

Accepted Answer

₹750

Answer

₹1,500

Answer

₹1,250

Answer

₹1,000

Question 4

A, B and C are partners in a firm sharing profits in the ratio of 2:2:1. D is admitted for 1/5th share in profits. He will bring ₹35,000 as his capital in the firm. The capitals of A, B and C after all the adjustments are ₹40,000, ₹35,000 and ₹30,000 respectively. What will be the share of goodwill of D?

Accepted Answer

₹7,000

Answer

₹14,000

Answer

₹30,000

Answer

₹35,000

Question 5

At the time of admission of a partner, the following was the extract of Balance Sheet:Investment fluctuation reserve ₹2,00,000Investment (market value ₹6,00,000)₹6,40,000What entry will be passed?

Accepted Answer

Investment Fluctuation Reserve A/c Dr. ₹2,00,000To Investment A/c ₹40,000To Partner’s Capital A/c (Old Ratio) ₹1,60,000

Answer

Investment Fluctuation Reserve A/c Dr. ₹2,00,000To Investment A/c ₹40,000To Partner’s Capital A/c (New Ratio) ₹1,60,000

Answer

Investment Fluctuation Reserve A/c Dr. ₹2,00,000To Partner’s Capital A/c (Old Ratio) ₹2,00,000

Answer

Investment Fluctuation Reserve A/c Dr. ₹2,00,000To Partner’s Capital A/c (New Ratio) ₹2,00,000

CUET UG 2023 Accountancy Question Paper (10-Jun-2023) (Shift 3)

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List - I	List - II
(A) Secured debenture	(III) Charge is created on the assets of the company
(B) Registered debenture	(II) Convertible into equity share
(C) Convertible debenture	(I) Do not carry a specific rate of interest
(D) Zero coupon debenture	(IV) Details of debenture holder are entered in register