CUET UG 2023 Accountancy Question Paper (28-May-2023) (Shift 3)

Question 1

Other income is ₹5,00,000 which is 25% of Revenue from operations. Employees benefit Expenses are 30% of the Revenue from operation. Tax rate is 40%. Net profit after tax will be:

Accepted Answer

₹10,25,000

Answer

₹11,40,000

Answer

₹10,75,000

Answer

₹10,35,000

Question 2

Legend can be repositioned on the chart:

Accepted Answer

Anywhere

Answer

On the corner only

Answer

On the right side only

Answer

On the bottom of X-axis

Question 3

Match List I with List IIList IList IIOver Subscription(I) Minimum amount that must be raised by issue of sharesMinimum Subscription(II) Application received is more than shares issuedUnder Subscription(III) Allotment of shares without issue of prospectusPrivate Placement(IV) Application received is less than shares issuedChoose the correct answer from the given below:

Accepted Answer

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

Answer

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

Answer

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

Question 4

If there appears a Tournament Fund, then the expenses incurred on Tournament activities will be shown:

Accepted Answer

By way of subtracting/deducting from Tournament Fund

Answer

On the debit side of Income and Expenditure Account

Answer

On the credit side of Income and Expenditure Account

Answer

By way of adding to the Tournament Fund

Question 5

According to Indian Partnership Act, 1932, when the firm is dissolved, cash received on sale of assets are applied in following order:

(A) Paying to each partner proportionately what is due to him/her on account of capital

(B) In paying the secured debts of the firm to the third parties

(C) In paying each partner proportionately what is due to him/her from the firm for advances as distinguished from capital

(D) The residue, if any, shall be divided among the partners in their profit-sharing ratio

(E) In paying unsecured debt of firm to third parties

Choose the correct answer from the given below:

Accepted Answer

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

Answer

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

Answer

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

Answer

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

CUET UG 2023 Accountancy Question Paper (28-May-2023) (Shift 3)

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List I	List II
Over Subscription	(I) Minimum amount that must be raised by issue of shares
Minimum Subscription	(II) Application received is more than shares issued
Under Subscription	(III) Allotment of shares without issue of prospectus
Private Placement	(IV) Application received is less than shares issued