CUET Accountancy 2022 20 July Shift 1 PYQs - Free Mock Test (No Login)

In the balance sheet Total Debtors appear at Rs. 1,50,000 and provision for doubtful debts appear at Rs. 1,500. How much amount will be realised from debtors, if bad debts amounted to Rs. 20,000 and remaining debtors realised at a discount of 15%?

A firm may not be dissolved by court in the following condition:

On the dissolution of the partnership firm the amount realised from sale of assets shall be applied in following order:(a) Distributing the amount left among the partners in their profit sharing ratio(b) Paying amount due to partner on account of loan advanced by him(c) Paying amount due to the creditors(d) Paying partners' capital account balancesChoose the correct answer from the options given below:

The following journal entry is recorded in the books of RST Ltd. on issue of debentures: Bank a/c Dr 18,00,000Loss on issue of Debentures a/c Dr 6,00,000To 14% Debentures 20,00,000To Premium on Redemption of Debentures 4,00,000Debentures have been issued at a discount of:

If a share of Rs. 100 on which Rs. 45 has been paid is forfeited, at what minimum price can it be reissued: