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CUET UG 2023 Accountancy Question Paper (25-May-2023) (Shift 1); Download PDF

CUET UG 2023 Accountancy Question Paper (25-May-2023) (Shift 1) provides a comprehensive look at the financial accounting principles required for commerce admissions. This session evaluates mastery over Partnership Accounts and the valuation of goodwill as tested in the initial phase of the 2023 cycle.

Free
CUET UG 2023 Accountancy Question Paper (25-May-2023) (Shift 1)
45 Minutes
50 Questions
200 Marks
English
Showing 1 - 5 of 50 questions
Page 1 of 10

Q1.

Calculate Current Assets when:

Inventory Turnover Ratio = 4 times
Closing inventory is ₹20,000 more than opening inventory
Revenue from operations is ₹3,00,000. Gross Profit Ratio 20% of revenue from operations.
Current Liabilities ₹40,000
Quick Ratio 0.75

Q2.

Match List-I with List-II.

List - IList - II
(A) Gaining Ratio(I) Admission of a partner
(B) Sacrificing Ratio(II) Retirement of a partner
(C) Realisation Account(IV) Dissolution of Partnership firm
(D) Profit and Loss Suspense Account(III) Death of a partner

Choose the correct answer from the options given below:

Q3.

While computing cash from operations, which item will not affect the cash from operations?

Q4.

Identify which is not a tool of analysis of financial statements.

Q5.

Which among the following are shown in Realisation A/C?

A. Investment Fluctuation Reserve

B. Provision for Doubtful Debts

C. General reserve appearing in Balance Sheet

D. Asset taken over by partner for settlement of dues

E. Dissolution expenses paid by one partner on behalf of other partner.

Choose the correct answer from the options given below:

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