CUET Accountancy 2025 2 June Shift 2 PYQs

Match List-I with List-II:List-I (Types of goodwill)List-II (Treatment to be done)(A) Existing Goodwill(I) No entry passed.(B) Goodwill premium(II) Inferred from the capital arrangement.(C) Goodwill paid privately(III) Written off.(D) Hidden goodwill(IV) Credited to sacrificing partner.Choose the correct answer from the options given below:

A share of $\text{Rs. }10$ was issued at a premium of $\text{Rs. }3$. $\text{Rs. }3$ was payable on application and $\text{Rs. }5$ was payable on allotment (including premium). A shareholder who had applied for $100$ shares was allotted only $50$ shares and due to non-payment of allotment money, his shares were forfeited. In this case, the amount to be debited to Securities Premium A/c on forfeiture of these shares is:

In case of a Fixed Capital Account framework, Interest on Drawings is:

Arrange the sequence of steps to be followed in the preparation of a Realisation Account during the dissolution of a partnership firm:(A) Realisation of the assets.(B) Transfer assets and liabilities to realisation account.(C) Ascertainment of profit or loss on realisation.(D) Payment of liabilities.Choose the correct answer from the options given below:

Under what condition is an amount shown under the head 'Subscribed and Fully Paid up Share Capital' in the Balance Sheet of a Company?