CUET Accountancy 2023 28 May Shift 1 PYQs - Free Mock Test (No Login)

Under which Sub-head do we show the Securities Premium in the Balance Sheet of a company?

Lisa, Monika and Nisha are partners in a firm sharing profits and losses in the ratio of $2:2:1$. Their capital accounts stood at $\text{Rs. }50,000$, $\text{Rs. }50,000$ and $\text{Rs. }25,000$ respectively. Monika died and the balance in the general reserve on that date was $\text{Rs. }15,000$. If the goodwill of the firm is valued at $\text{Rs. }30,000$ and the profit on revaluation is $\text{Rs. }7,050$, what amount will be transferred to Monika's Executors Account?

In MS Excel spreadsheet software, the shortcut key combination that toggles (collapses or expands) the ribbon is:

Cash equivalents refer to short-term, highly liquid investments that are readily convertible into known amounts of cash. From the elements given below, identify which components are categorized under Cash Equivalents as per AS-3:(A) Demand deposits with Bank(B) Bills receivables(C) Treasury bill(D) Commercial Paper(E) Marketable SecuritiesChoose the correct answer from the options given below:

Match List - I with List - II.

Choose the correct answer from the options given below: