PrepTarget PrepTarget
Login Register Free
Menu
Mock Tests
Previous Year Papers
Exams

CUET Accountancy 2025 Mock Tests & Questions

Take CUET Accountancy mock tests and practise its questions. Filter by year, section, type and difficulty — no sign-up needed.

Download the CUET Accountancy 2025 question paper (PDF) →

CUET Accountancy mock tests by year

CUET Accountancy 2025

Free

67 min · 55 questions · 275 marks

Take test → Practice questions

Section-wise tests

Take just one section of a year's paper, with its timer in proportion.

CUET Accountancy 2025 1 section

Accountancy

Free

67 min · 55 questions · 275 marks

Take test → Practice questions

Questions

Showing 50 of 55 matching questions

CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
\(A\) and \(B\) are partners in a firm sharing profits in the ratio of 3: 2. They admitted \(M\) as a new partner for 1/4 share. The new profit sharing ratio between \(A\) and \(B\) will be 2: 1. Calculate their sacrific…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Rohan, Bharti and Leela are partners. On the retirement of Rohan, the goodwill already appears in the balance sheet at Rs. 24,000. The goodwill will be written-off:
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
A correct journal entry for Transfer of the balance of Profit and Loss Account (a credit balance) to Profit and Loss Appropriation Account is-
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Which of the following is not a method of valuation of goodwill?
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Which of the following statements results in the reconstitution of a partnership firm :- (A) Change in profit sharing ratio among partners. (B) Admission of a new partner. (C) Dissolution of a partnership firm. (D) Disso…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Sindhu, Neha and Priya are partners, sharing profits in the ratio of 5:3:2. Calculate the new profit sharing ratio and gaining ratio if Neha retires:
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Balance of share forfeiture account is shown in the balance sheet under the sub-head-
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Under the fixed capital method, the capital of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement between the partners. Which among the foll…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Match List-I with List-II List-I | List-II (A) Unregistered Debentures | (I) Perpetual Debentures (B) Unsecured Debentures | (II) Naked Debentures (C) Secured Debentures | (III) Bearer Debentures (D) Irredeemable Debentu…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
As per Section 48 of the Partnership Act 1932, which of the following will be utilized for payment of losses, including deficiencies of capital: (A) Out of Profits (B) Out of capital of Partners (C) By partners individua…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
The Profit on reissue of forfeited shares is transferred to-
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
On the admission of a new partner increase in the value of assets is debited to:
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Which of the following statements are correct about partnership- (A) Each partner carrying on the business is the principal as well as the agent for all the other partners (B) If the deed is silent, interest at the rate…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Arrange the following in correct sequence for application of assets in the Settlement of Accounts in Case Of Dissolution of a Partnership firm - (A) The balance should be applied to repay loans made by the partners to th…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
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?
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Blue Prints Ltd., purchased building worth Rs.1,50,000, machinery worth Rs.1,40,000 and furniture worth Rs.10,000 from XYZ Co., and took over its liabilities of Rs. 20,000 for a purchase consideration of Rs. 3,15,000. Bl…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Which among the following is NOT true?
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
John Ibrahm, a partner in Ancient Tours and Travels withdrew money during the year ending March 31, 2020 from his capital account, for his personal use. He withdrew Rs. 3,000 per month at the beginning of the month. Calc…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Das and Sinha are partners in a firm sharing profits in 4:1 ratio. They admitted Pal as a new partner for 1/4th share in the profits, which he acquired wholly from Das. The new profit-sharing ratio of the partners is-
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Sahil, a share holder, failed to pay the money for second and final call of Rs. 20 on 1,000 shares issued to him at Rs. 120 (face value of Rs. 100 per share). His shares were forfeited after the second and final call. Wh…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Which of the following is not a constituents of the credit policy of a business firm?
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
R, S and K are partners sharing profits in the ratio 4:3:2. R retires; S and K decided to share profits in future in the ratio of 5:3. Calculate the Gaining Ratio.
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Match List-I with List-II List-I | List-II (A) Bank (fresh capital introduced) | (I) Debit side of Partner's Current Account (B) Interest on drawings | (II) Debit side of Partner's Capital Account (C) Bank (permanent wit…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
The company has to get minimum subscription within how many days?
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
The clauses of a partnership deed can be altered with the consent of
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Vijay and Manohar share profits and losses in the ratio of 2: 1. They admit Prakash as a partner with 1/4 share in profits with a guarantee that his share of profit will be at least Rs. 50,000. The net profit of the firm…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Sameer and Yasmin are partners with capitals of Rs 15,00,000 and Rs 10,00,000 respectively. They agreed to share profits in the ratio of 3: 2. The books are closed on March 31, every year. They admit Ravi on October 1, 2…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Match List-I with List-II List-I | List-II (A) Redeemable Debentures | (I) the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures (B) Convertible Debentures…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Match List-I with List-II List-I | List-II (A) Restricts the right to transfer its shares | (I) OPC (B) A company which is a subsidiary of a public company | (II) Private Company (C) A company which has only one person a…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Arrange the Following Steps to Calculate Goodwill under the Super Profits Method- (A) Calculate the normal profit on the firm's capital on the basis of the normal rate of return (B) Calculate the average profit (C) Calcu…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Partners' current accounts are transferred to respective Partners' __________ Accounts.
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Match List-I with List-II List-I | List-II (A) Calls in Arrears | (I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made. (B) Calls in Advance | (II) When any shareholder fails to pay…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Which of the following ratios is considered as the solvency ratio?
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Realisation account doesn't show-
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
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:-
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
When debentures are issued at par and are redeemable at a premium, the loss on such issue is debited to:
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Rs 50,000 were received in advance for second and final call along with first call. The second and final call was due after two months from the first call. Table F provides for interest on calls in advance at the rate no…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Neha contributed Rs. 30,000 and Saloni Rs. 90,000 as capital. What will be Saloni's share in profits if the partnership agreement is silent?
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
In the case of dissolution of firm, accumulated losses are transferred to:
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Identify the false statement with regard to a company:
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
An annual report is issued by a company to its
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Match the following List-I | List-II (A) Debenture of Rs 100 issued at Rs 110. | (I) Debenture as collateral security. (B) Debenture of Rs 100 issued at Rs 100. | (II) Debenture issued at Premium (C) Debenture of Rs 100…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Which of the following statements are true: (A) Dissolution of a partnership is different from dissolution of a firm. (B) A partnership is dissolved when there is a death of a partner. (C) A firm is dissolved when all pa…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
The profits of firm for the five years are as follows: Year | Profit (Rs.) 2012-13 | 20,000 2013-14 | 24,000 2014-15 | 20,000 2015-16 | 20,000 2016-17 | 16,000 Calculate the value of goodwill on the basis of three years'…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Which of the following is not always an essential feature of partnership?
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Which of the following is not an operating activity?
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Match List-I with List-II List-I | List-II (A) Dissolution of firm by agreement | (I) When a partner becomes insane (B) Compulsory dissolution of firm | (II) With the consent of all partners (C) Dissolution of firm by no…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
The ___________ ratios are primarily measures of return-
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Arrange the following steps to prepare the Comparative Statements- (A) List out absolute figures in rupees relating to two points of time (B) Prepare the format (C) Find out the change in absolute figures by subtracting…
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →
CUET UG CUET Accountancy 2025 Accountancy Medium MCQ (Single Correct)
Revenue from operations = 4,00,000, Average Inventory = 55,000, Gross Profit Ratio = 10%. Calculate inventory turnover ratio-
+5.00 marks · -1.00 negative Take full test: CUET Accountancy Previous Year Question Bank →