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

Match List - I with List - II.

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Shweta, Shreya, and Shaniya were partners sharing profits in the ratio of $3:2:1$. Shaniya retired from the firm. After making all necessary adjustments for accumulated reserves and revaluation gains, her capital balance amounted to $\text{Rs. }4,50,000$. Shaniya took over $25\%$ of the firm's furniture and accepted a bill of exchange for $\text{Rs. }52,000$. The remaining balance of $\text{Rs. }2,75,000$ was transferred to her loan account. Calculate the total value of the firm's furniture.

Net Capital Employed is mathematically equivalent to which of the following expressions?(A) Fixed Assets + Current Assets - Long-term liabilities(B) Non-current Assets + Current Assets - Current liabilities(C) Fixed Assets + Current Assets - Equity(D) Equity + Debt(E) Current Assets - Current liabilitiesChoose the correct answer from the options given below:

In relational database schemas, the common field columns used to establish a logical link or relationship between two different tables are called:

Identify which of the following items are classified under Current Liabilities in a corporate Balance Sheet as per Schedule III of the Companies Act, 2013:(A) Trade receivables(B) Unclaimed dividend(C) Interest accrued but not due on loan(D) Acceptances(E) $12\%$ debentures redeemable after four yearsChoose the correct answer from the options given below: