CUET UG 2022 Accountancy Book Keeping Question Paper (30-Aug-2022) (Shift 2)

Question 1

As per Receipts and Payments Account for the year ended on March 31, 2020, subscriptions received were ₹2,50,000, subscriptions outstanding on 1-4-2019 ₹50,000. Subscriptions received in advance as on 31-03-2020 are ₹30,000. Subscriptions for the year 2019-20 will be:

Accepted Answer

₹1,70,000

Answer

₹2,30,000

Answer

₹1,50,000

Answer

₹2,40,000

Question 2

At the time of admission of a new partner, general reserve appearing in the old balance sheet is transferred to

Accepted Answer

Old Partner’s Capital A/c

Answer

All Partner’s Capital A/c

Answer

New Partner’s Capital A/c

Answer

Gaining Partner’s Capital A/c

Question 3

Match List I with List IILIST I: Basis of DebentureLIST II: Types of DebentureA. TenureI. Zero coupon rateB. Interest rate point of viewII. IrredeemableC. SecurityIII. RegistrationD. BearerIV. SecuredChoose the correct answer from the options given below:

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 4

On retirement of a partner, the retiring partner’s capital account will be credited with

Accepted Answer

His/her share of Goodwill

Answer

Goodwill of the firm

Answer

Share of Goodwill of Remaining Partners

Answer

His/her share of Goodwill and share of Goodwill of remaining partners

Question 5

Journal entry to be passed for unrecorded assets for preparing Revaluation A/c at the time of Retirement of partner will be

Accepted Answer

Assets A/c Dr. To Revaluation A/c

Answer

Assets A/c Dr. To All Partners capital A/c

Answer

Revaluation A/c Dr. To Assets A/c

Answer

Revaluation A/c Dr. To old partner’s capital A/c

CUET UG 2022 Accountancy Book Keeping Question Paper (30-Aug-2022) (Shift 2)

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LIST I: Basis of Debenture	LIST II: Types of Debenture
A. Tenure	I. Zero coupon rate
B. Interest rate point of view	II. Irredeemable
C. Security	III. Registration
D. Bearer	IV. Secured