CUET 2026 June 6 Shift 1 Accountancy Answer Key: Download PDF

CUET Questions

• 1.

  Comparative statements are also known as:

  • Horizontal analysis
    
  • Vertical analysis
    
  • Ratio analysis
    
  • Trend analysis
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• 2.

  On dissolution, furniture book value ₹5,000 taken for ₹4,300. Which account is debited?

  • Cash Account ₹5,000
    
  • Realisation Account ₹700
    
  • Partner Capital Account ₹5,000
    
  • Realisation Account ₹4,300
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• 3.

  When partners decide not to revalue assets and liabilities at the time of death of a partner, Deceased Partner’s Capital Account is credited with revaluation gain and Gaining Partners' Capital Accounts are adjusted in:

  • Old ratio
    
  • Sacrificing ratio
    
  • Gaining ratio
    
  • New profit-sharing ratio
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• 4.

  According to the 'Going Concern' concept, assets are recorded at:

  • Market value
    
  • Realizable value
    
  • Historical cost
    
  • Liquidation value
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• 5.

  When debentures are issued as collateral security, the entry passed is:

  • Bank A/c Dr. to Debentures A/c
    
  • Debenture Suspense A/c Dr. to Debentures A/c
    
  • No entry is passed
    
  • Bank A/c Dr. to Debenture Suspense A/c
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• 6.

  At the time of death of a partner, balance of Investment Fluctuation Reserve after adjusting fall in investment value is treated as:

  • Credited to Revaluation Account
    
  • Credited to all partners' capital accounts
    
  • Debited to deceased partner
    
  • Credited to deceased partner
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