CUET Accountancy 2025 16 May Shift 1 PYQs

Arrange the given components under the "Property, Plant and Equipment and Intangible Assets" sub-head of Non-Current Assets in the correct order of presentation in a corporate Balance Sheet:(A) Intangible assets under development(B) Tangible assets / Property, Plant and Equipment(C) Intangible Assets(D) Capital Work-in-ProgressChoose the correct answer from the options given below:

Steel and Company purchased a machine from Safe Machine Limited for ₹ $4,80,000$ and took over its liabilities of ₹ $3,00,000$. As per the purchase agreement, ₹ $50,000$ was paid in cash, and the remaining balance was settled by the issue of $2,000$ equity shares of ₹ $100$ each. What will be the amount of goodwill or capital reserve arising from this acquisition?

Match List-I with List-II:List-IList-II(A) Statements indicating the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item(I) Trend Analysis(B) Technique of studying the operational results and financial position over a series of consecutive years(II) Comparative Statements(C) Statements showing profitability and financial position for different periods of time to give an idea about the changes between two or more periods(III) Ratio Analysis(D) Describes the significant mathematical relationship which exists between various items of a balance sheet and a statement of profit and loss(IV) Common-Size StatementsChoose the correct answer from the options given below:

Arrange the given item heads in the correct logical sequence from top to bottom as they appear within the Expenses section of a Statement of Profit and Loss according to Schedule III of the Companies Act, 2013:(A) Finance costs(B) Purchase of Stock-in-Trade(C) Cost of materials consumed(D) Employee benefits expenseChoose the correct answer from the options given below:

Valuation of goodwill is NOT required in which of the following scenarios?