CUET Accountancy 2025 15 May Shift 2 PYQs

A and B are partners, sharing profits equally. Their fixed capitals were Rs. 2,00,000 and Rs. 3,00,000 respectively. Interest on capital as provided under the partnership deed @10% p.a. was omitted. Select the correct option to perform the rectification adjustment:

On the basis of the information given below, find the value of the Closing Inventory:
$$\text{Opening Inventory}=\text{Rs. }20,000$$
$$\text{Average Inventory}=\text{Rs. }40,000$$

Which of the following items are included under the head "Reserves and Surplus" in a company balance sheet?(A) Securities Premium Reserve(B) Revaluation Reserve(C) Share Options Outstanding Account(D) Reserve CapitalChoose the correct answer from the options given below:

To write off a Discount on the Issue of Debentures, which of the following journal entries is recorded?

Consider the following data: Net Profit after tax is Rs. 60,000; 12% Long-term debt is Rs. 20,000,000; and the Tax rate is 40%.Arrange the steps in the correct chronological sequence to calculate the Interest Coverage Ratio:(A) Calculate Net Profit before tax(B) Divide Net Profit before Interest and Tax by Interest on long-term debt(C) Calculate Net profit before interest and tax(D) Calculate Interest on Long-term DebtChoose the correct answer from the options given below: