CUET Accountancy 2023 11 June Shift 3 PYQs - Free Mock Test (No Login)

Identify the other name by which Liquid ratio is known:

Hidden Goodwill is:

__________ is/are not true with regard to Limited liability partnership.(A) Separate Legal entity(B) Unlimited liability for one partner(C) Indian Partnership Act, 1932 is applicable(D) Perpetual Succession(E) Unlimited liability of partnersChoose the correct answer from the options given below:

Which of the following facts are related to modes of reconstitution of a partnership firm.(A) Admission of a new partner(B) Dissolution of a partnership firm(C) Death of a partner(D) Change in the profit sharing ratio among the existing partners(E) Retirement of a partnerChoose the correct answer from the options given below:

Calculate subscription of current year to be credited to Income and Expenditure account from the following information:Subscription Received Rs. $80,000$, Subscription Received in Advance Last year Rs. $10,000$, Subscription Received in Advance during this year Rs. $2,000$ and Accrued Subscription at the end of current year Rs. $5,000$: