CUET Accountancy 2025 3 June Shift 2 PYQs

Neha contributed $\text{Rs. }30,000$ and Saloni $\text{Rs. }90,000$ as capital. What will be Saloni's share in profits if the partnership agreement is silent regarding the profit-sharing ratio?

The balance of the share forfeiture account (in respect of shares not yet reissued) is shown in the balance sheet under which item?

Calculate interest on drawings if Ram withdrew $\text{Rs. }3,000$ per month at the beginning of each month for the whole year, and interest on drawings is charged @ $9\%$ per annum.

The profit on the reissue of forfeited shares is transferred to which of the following accounts?

Arrange the following events in the correct chronological order with respect to the issue and lifecycle of shares:(A) Application received(B) Issue of prospectus(C) Forfeiture of shares(D) Allotment of Shares(E) Reissue of forfeited sharesChoose the correct answer from the options given below: