CUET Accountancy 2025 30 May Shift 1 PYQs

Arrange the steps of the method "Capitalization of Average Profits" for the calculation of goodwill in the correct sequence:(A) Capitalize the average profits on the basis of the normal rate of return to ascertain the capitalized value of average profits as follows: $\text{Average Profits}\times \frac{100}{\text{Normal Rate of Return}}$ (B) Ascertain the average profits based on the past few years' performance.(C) Ascertain the actual firm's capital (net assets) by deducting outside liabilities from the total assets (excluding goodwill and fictitious assets).(D) Compute the value of goodwill by deducting net assets from the capitalized value of average profits.Choose the correct answer from the options given below:

When a firm is dissolved, Provision for Bad and Doubtful Debt Account :-

Match List-I with List-II:List-IList-II(A) These debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.(I) Bearer Debentures(B) These debentures are those which are payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.(II) Zero Coupon Rate Debentures(C) These debentures do not carry a specific rate of interest.(III) Redeemable Debentures(D) These debentures can be transferred by way of delivery and the company does not keep any record.(IV) Secured DebenturesChoose the correct answer from the options given below:

When a firm is dissolved, the Balance of Investment Account and Balance of Investment Fluctuation Fund Account, shown by Firm's Balance Sheet are transferred into _________ and into _________ respectively:-

All assets (except cash/bank and fictitious assets) are transferred to the__________ side of __________Account.