CUET Accountancy 2022 23 Aug Shift 2 PYQs - Free Mock Test & Without Login

Sale of copy rights are considered as a part of

Romi Ltd. purchased building worth Rs. $1,50,000$ machinery worth Rs. $1,40,000$ and furniture worth Rs. $10,000$ from xyz co. and took over its liabilities of Rs. $20,000$ for a purchase consideration of Rs. $3,15,000$. They paid the purchase consideration by issuing $12\%$ debentures of Rs. $100$ each at a premium of $5\%$. What will be the number of debentures issued by Romi Ltd.

Securities premium Reserve can be utilised ___A. to return excess money received on applicationB. to write off preliminary expensesC. to issue partly paid bonus sharesD. for premium paid on Redemption of Debentures or preference sharesE. for buy back of sharesChoose the correct answer from the options given below:

What are different types of debentures from the view point of registration A. ConvertibleB. BearerC. RedeemableD. SecuredE. Registered Choose the correct answer from the options given below:

Identify the steps in preparation of final accounts of not for profit organisation (NPO)A. Prepare Balance Sheet of NPOB. Prepare Income and Expenditure Account from Receipts and payment AccountC. Prepare Receipts and payment AccountD. Adjust outstanding/prepaid expenditure/Income and determine surplus/ DeficitE. Prepare cash bookChoose the correct answer from the options given below: