CUET Accountancy 2025 27 May Shift 1 PYQs

Sameer and Yasmin are partners with capitals of $\text{Rs. }15,00,000$ and $\text{Rs. }10,00,000$ respectively, sharing profits in the ratio of $3:2$. They admit Ravi on October 1, 2019. Ravi brings $\text{Rs. }12,00,000$ as capital, and Sameer introduces an additional capital of $\text{Rs. }3,00,000$ on that same date. Interest on partner's capital is provided @ $5\%$ p.a. The amount of interest on the capital of Sameer for the financial year 2019-20 is:

Arrange the following steps in the correct accounting sequence in the case of dissolution of a partnership:(A) Preparing a Bank account(B) Realizing assets and payments of liabilities.(C) Transferring of assets and liabilities in realization account.(D) Preparation of capital account of partners.Choose the correct answer from the options given below:

The correct journal entry for transferring interest on capital to the Profit and Loss Appropriation Account is:

Which of the following is NOT a recognized method for the valuation of goodwill?

Choose the wrong statements about a joint-stock company:(A) A company is an artificial person.(B) The company's shares are generally transferable.(C) Shareholders of a company are liable for the acts of the company.(D) Every member of a company is entitled to take part in its management.Choose the correct answer from the options given below: