CUET Accountancy 2023 11 June Shift 3 PYQs - Free Mock Test (No Login)

Questions

Duration

180 min

Total Marks

Negative

Test Sections

Section	Questions	Marks/Q
Case Study 1 — Partnership Ratio & Goodwill@DESC: Questions 41 to 45 are based on the following context: Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of $5 : 3 : 2$. Nimisha retired and the new profit sharing ratio between Deepali and Sonam was fixed at $2 : 3$. On Nimisha's retirement, the goodwill of the firm was valued at Rs. $1,20,000$.	—	—
Case Study 2 — Corporate Issue of Shares & Debentures@DESC: Questions 46 to 50 are based on the following context: Rancho Ltd. decided to issue $12\%$ Debentures of Rs. $100$ each at $10\%$ Discount, to be redeemed at $25\%$ premium, to raise a net amount of Rs. $45,00,000$. At the same time, they issued equity shares of Rs. $30,00,000$ at a $20\%$ premium.	—	—

Sample Questions from this Test

Identify the other name by which Liquid ratio is known:

Hidden Goodwill is:

__________ is/are not true with regard to Limited liability partnership.(A) Separate Legal entity(B) Unlimited liability for one partner(C) Indian Partnership Act, 1932 is applicable(D) Perpetual Succession(E) Unlimited liability of partnersChoose the correct answer from the options given below:

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Test Instructions

The test contains 50 questions and a total of 50 marks.

You will have 180 minutes to complete the test. The timer cannot be paused once started.

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Test Sections