CUET Accountancy 2025 16 May Shift 1 PYQs

From the point of view of Tenure, debentures can be classified into which of the following types?(A) Redeemable Debentures(B) Non-Convertible Debentures(C) Perpetual Debentures(D) Registered DebenturesChoose the correct answer from the options given below:

What is the alternate name for "Registered Capital" of a company?

Match List-I with List-II:List-IList-II(A) Accumulated Profits/Losses(I) New Ratio(B) Share of goodwill at the time of admission of a partner(II) Gaining Ratio(C) Division of profits after admission of a partner(III) Old Ratio(D) Share of goodwill at the time of retirement/death of a partner(IV) Sacrificing RatioChoose the correct answer from the options given below:

$X$ and $Y$ are partners sharing profits in the ratio $3:2$. The capitals introduced by $X$ and $Y$ are ₹ $1,00,000$ and ₹ $5,00,000$ respectively. Interest on capital is allowed to partners $@10\%\text{p.a.}$ The net profit of the firm for the year ending March 31st, 2025 is ₹ $30,000$. Calculate the amount of Interest on Capital to be allowed to each partner.

While issuing share capital for public subscription, the minimum application money should be at least _____% of the nominal face value of the share according to the Companies Act, 2013.