CUET Accountancy 2025 27 May Shift 1 PYQs

Select the pair which is true about debentures:(A) Debenture is a part of owned capital.(B) The payment of interest on debentures is a charge on the profits of the company.(C) The debentures cannot be issued at a discount of more than 10% of the face value.(D) Redeemable debentures are those debentures, which are payable on the expiry of the specific period.Choose the correct answer from the options given below:

Which of the following situations result in the reconstitution of a partnership firm?(A) Change in profit sharing ratio among partners.(B) Admission of a new partner.(C) Dissolution of a partnership firm.(D) Dissolution of a partnership.Choose the correct answer from the options given below:

Cronic Limited issued $10,000$ equity shares of $\text{Rs. }10$ each payable as $\text{Rs. }2.50$ on application, $\text{Rs. }3$ on allotment, $\text{Rs. }2$ on first call, and the balance of $\text{Rs. }2.50$ on second and final call. All the shares were fully subscribed and paid except by a shareholder having $100$ shares who could not pay for the second and final call. Calls in Arrears A/c will be debited with:

Murli, Naveen and Omprakash are partners sharing profits in the ratio of $\frac{3}{8}$, $\frac{1}{2}$ and $\frac{1}{8}$. Murli retires and surrenders $\frac{2}{3}\text{rd}$ of his share in favour of Naveen and the remaining share in favour of Omprakash. The gaining ratio of the remaining partners is:

On the admission of a new partner, an increase in the value of assets is debited to: