In this Blog we will discuss CUET Accountancy PYQ and CUET Book Keeping PYQ along with explanation. This Questions will help you in CUET 2026 Entrance as it contains explanation. This Question was asked in CUET UG 2022.
CUET UG PYQ
CUET Accountancy PYQ
CUET Accountancy PYQ Extracted Questions & Options
Subject ACCOUNTANCY/BOOK KEEPING
CUET UG Paper – 2022
Paper/Subject
ACCOUNTANCY/BOOK KEEPING
Exam Date
30 Aug 2022
Exam Slot
2
Important Questions for CUET PYQ 2026
CUET Book keeping PYQ
Q. 505451. As per Receipts and Payments Account for the year ended on March 31, 2020, subscriptions received were ₹ 2,50,000 subscriptions outstanding on 1-04-2019 ₹ 50,000, Subscriptions received in advance as on 31-3-2020 are ₹ 30,000. Subscriptions for the year 2019-20 will be:
(A) ₹2,30,000
(B) ₹1,50,000
(C) ₹2,40,000
(D) ₹1,70,000
Answer: (D) ₹1,70,000
Explanation: Total Subscriptions Received = ₹2,50,000. Less: Outstanding in the beginning (belonging to the previous year) = ₹50,000. Less: Advance at the end (belonging to the next year) = ₹30,000. Subscriptions for the current year (2019-20) = 2,50,000 – 50,000 – 30,000 = ₹1,70,000.
Q. 505452. At the time of admission of a new partner general reserve appearing in the old balance sheet is transferred to
(A) All Partner’s Capital A/C
(B) New Partner’s Capital A/C
(C) Old Partner’s Capital A/C
(D) Gaining Partner’s Capital A/C
Answer: (C) Old Partner’s Capital A/C
Explanation: Accumulated profits and reserves (like the General Reserve) appearing in the old balance sheet belong to the old partners because they were earned before the new partner’s admission. Hence, they are transferred to the Old Partners’ Capital Accounts in their old profit-sharing ratio.
Q. 505453. Match List I with List II
List I: Basis of Debenture (A. Tenure, B. Interest rate point of view, C. Security, D. Bearer)
List II: Types of Debenture (I. Zero coupon rate, II. Irredeemable, III. Registration, IV. Secured)
(A) A-I, B-III, C-II, D-IV
(B) A-IV, B-I, C-III, D-II
(C) A-II, B-I, C-IV, D-III
(D) A-III, B-IV, C-I, D-II
Answer: (C) A-II, B-I, C-IV, D-III
Explanation: Based on Tenure (A), debentures can be Irredeemable (II). Based on Interest rate (B), they can be Zero coupon rate (I). Based on Security (C), they are Secured (IV). Bearer debentures (D) relate to the concept of Registration (III).
Q. 505454. On retirement of a partner, the retiring partner’s capital account will be credited with
(A) His/her share of Goodwill
(B) Good will of the firm
(C) Share of Good will of Remaining Partners
(D) His/her share of Goodwill and share of Goodwill of Remaining Partners
Answer: (A) His/her share of Goodwill
Explanation: When a partner retires, they are entitled to their proportionate share of the firm’s goodwill, which is credited to their capital account and debited to the continuing/gaining partners’ capital accounts in their gaining ratio.
Q. 505455. Journal entry to be passed for unrecorded assets for preparing Revaluation A/C at the time of Retirement of a partner will be
(A) Assets A/C Dr. To all Partners capital A/C
(B) Assets A/C Dr. To Revaluation A/c
(C) Revaluation A/C Dr. To assets A/C
(D) Revaluation A/C Dr. To old partner’s capital A/C
Answer: (B) Assets A/C Dr. To Revaluation A/c
Explanation: Unrecorded assets represent a gain for the firm. To bring them into the books, the Asset Account is debited (increase in asset) and the Revaluation Account is credited (representing the gain).