CUET Accountancy 2025 15 May Shift 2 PYQs

Which of the following are shown under the capital account in case the partners' capitals are fixed?(A) Fresh capital introduced(B) Permanent capital withdrawn(C) Interest on capital(D) Amount of capital brought down from the previous yearChoose the correct answer from the options given below:

Which of the following will lead to the dissolution of a partnership firm?

Arrange the following in the correct sequence related to the issue of shares:(A) Letters of allotment and letters of regret are sent(B) Prospective investors make an application along with the application money(C) The company issues the prospectus to the public(D) Subsequent installments are calledChoose the correct answer from the options given below:

It is available only for the creditors on winding up of the company.

High Land India Ltd. invited applications for 50,000 Shares of Rs. 100 each per share. Applications were received for 70,000 shares and pro-rata allotment was made on the application for 50,000 shares. Rohan to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment. Of the shares forfeited, 500 shares were reissued as fully paid-up for Rs. 80 per share.The correct order to be followed for recording these entries will be:(A) Forfeiture of shares(B) Calculation of amount received on allotment(C) Adjustment of excess money received on application towards allotment(D) Reissue of sharesChoose the correct answer from the options given below: