CUET Accountancy 2025 3 June Shift 2 PYQs

Which among the following is NOT true for the New Profit Sharing Ratio?

What will be the journal entries when a call is due and the amount of the same is received?

The Profit and Loss Appropriation Account is merely an extension of the Profit and Loss Account of the firm. Which among the following is NOT shown in the Profit and Loss Appropriation Account?

P, Q and R share profits equally. At the time of P's retirement, goodwill appears in the books at $\text{Rs. }3000$. P will be credited with what amount for his Goodwill share?

The following are the features of a Debenture:(A) Debentures can be converted into shares if the terms of issue are so provided, and in that case these are known as convertible debentures.(B) Debentures are generally secured and carry a fixed or floating charge over the assets of the company.(C) The rate of interest on debentures may vary from year to year depending upon the profits of the company.(D) The debentures are issued for a specified period and repayable on the expiry of that period.Choose the correct answer from the options given below: