CUET 2026 Accountancy May 29 Shift 1 Question Paper- Download Answer Key and Solution PDF

CUET 2026 May 29 Shift 1 Accountancy Question Paper is available for download here. NTA is conducting the CUET 2026 exam from 11th May to 31st May.

CUET 2026 Accountancy exam consists of 50 questions for 250 marks to be attempted in 60 minutes.
As per the marking scheme, 5 marks are awarded for each correct answer, and 1 mark is deducted for incorrect answer.

Candidates can download CUET 2026 May 29 Shift 1 Accountancy Question Paper with Answer Key and Solution PDF from links provided below.

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CUET 2026 Accountancy May 29 Shift 1 Question Paper with Solution PDF

CUET May 29 Shift 1 Accountancy Question Paper 2026	Download PDF	Check Solutions

Question 1:

Which of the following is shown under the heading “Shareholders’ Funds” in the Balance Sheet of a company?

(A) Trade Payables
(B) Short-term Borrowings
(C) Reserves and Surplus
(D) Outstanding Expenses

Detailed Solution

Question 2:

Interest received by a finance company is classified under which activity in Cash Flow Statement?

(A) Operating Activity
(B) Investing Activity
(C) Financing Activity
(D) Extraordinary Activity

Detailed Solution

Question 3:

At the time of forfeiture of shares originally issued at premium, Securities Premium Account is:

(A) Credited
(B) Debited only if premium is unpaid
(C) Always debited
(D) Not affected

Detailed Solution

Question 4:

Which of the following is treated as a non-current asset in the Balance Sheet?

(A) Cash in Hand
(B) Bank Overdraft
(C) Furniture
(D) Bills Payable

Detailed Solution

Question 5:

Debentures are shown under which head in the Balance Sheet of a company?

(A) Shareholders’ Funds
(B) Current Liabilities
(C) Non-current Liabilities
(D) Current Assets

Detailed Solution

Question 6:

Purchase of machinery for cash will result in:

(A) Increase in Operating Activities
(B) Increase in Investing Activities
(C) Increase in Financing Activities
(D) No effect on Cash Flow Statement

Detailed Solution

Question 7:

The amount received over and above face value of shares is called:

(A) Discount on Issue of Shares
(B) Calls in Arrears
(C) Securities Premium
(D) Capital Reserve

Detailed Solution

Question 8:

Cash deposited into bank is classified as:

(A) Cash Flow from Operating Activities
(B) Cash Flow from Financing Activities
(C) Cash Flow from Investing Activities
(D) Not shown in Cash Flow Statement

Detailed Solution

Question 9:

Which of the following is an extraordinary item in Cash Flow Statement?

(A) Sale of Goods
(B) Salary Paid
(C) Compensation received from earthquake loss
(D) Interest Paid

Detailed Solution

Question 10:

Which account is credited at the time of reissue of forfeited shares?

(A) Share Capital Account
(B) Bank Account
(C) Share Forfeiture Account
(D) Calls in Arrears Account

Detailed Solution

CUET UG 2026 Exam Pattern

Parameter	Details
Exam Name	Common University Entrance Test (CUET UG) 2026
Conducting Body	National Testing Agency (NTA)
Exam Mode	Computer-Based Test (CBT)
Exam Duration	60 minutes per test
Total Sections	3 (Languages, Domain Subjects, General Test)
Question Type	Multiple Choice Questions (MCQs)
Questions per Test	50 questions (all compulsory)
Marking Scheme	+5 for correct, -1 for incorrect
Maximum Marks	250 marks per test
Maximum Subject Choices	5 subjects in total
Syllabus Base	Class 12 NCERT (mainly for Domain Subjects)

CUET UG 2026 Paper Analysis

CUET Questions

1.
If a company fails to receive minimum subscription within 120 days from the date of issue of the prospectus, in how many days should company refund the amount of application money from the date of issue of prospectus?

150 days
230 days
130 days
120 days

View Solution

2.
Ram, Manohar and Joshi were partners. Joshi died on 28 Feb 2018. His share of profit is calculated on average of 3 years profits. Find Joshi's share. Profits: 2015 = 8000, 2016 = 9000, 2017 = 10000

₹500
₹3000
₹4500
₹2750

View Solution

3.
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

View Solution

4.
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

View Solution

5.
On the dissolution of a partnership firm, which account is prepared to ascertain the net gain or loss on the sale of assets and payment of liabilities?

Revaluation Account
Realisation Account
Profit and Loss Appropriation Account
Profit and Loss Account

View Solution

6.
According to the 'Going Concern' concept, assets are recorded at:

Market value
Realizable value
Historical cost
Liquidation value

View Solution

CUET 2026 Accountancy May 29 Shift 1 Question Paper- Download Answer Key and Solution PDF

CUET 2026 Accountancy May 29 Shift 1 Question Paper with Solution PDF

CUET UG 2026 Exam Pattern

CUET UG 2026 Paper Analysis

CUET Questions

1.
If a company fails to receive minimum subscription within 120 days from the date of issue of the prospectus, in how many days should company refund the amount of application money from the date of issue of prospectus?

2.
Ram, Manohar and Joshi were partners. Joshi died on 28 Feb 2018. His share of profit is calculated on average of 3 years profits. Find Joshi's share. Profits: 2015 = 8000, 2016 = 9000, 2017 = 10000

3.
When debentures are issued as collateral security, the entry passed is:

4.
At the time of death of a partner, balance of Investment Fluctuation Reserve after adjusting fall in investment value is treated as:

5.
On the dissolution of a partnership firm, which account is prepared to ascertain the net gain or loss on the sale of assets and payment of liabilities?

6.
According to the 'Going Concern' concept, assets are recorded at:

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CUET 2026 Accountancy May 29 Shift 1 Question Paper with Solution PDF

CUET UG 2026 Exam Pattern

CUET UG 2026 Paper Analysis

CUET Questions

1.If a company fails to receive minimum subscription within 120 days from the date of issue of the prospectus, in how many days should company refund the amount of application money from the date of issue of prospectus?

2.Ram, Manohar and Joshi were partners. Joshi died on 28 Feb 2018. His share of profit is calculated on average of 3 years profits. Find Joshi's share. Profits: 2015 = 8000, 2016 = 9000, 2017 = 10000

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

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

5.On the dissolution of a partnership firm, which account is prepared to ascertain the net gain or loss on the sale of assets and payment of liabilities?

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

Comments

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1.
If a company fails to receive minimum subscription within 120 days from the date of issue of the prospectus, in how many days should company refund the amount of application money from the date of issue of prospectus?

2.
Ram, Manohar and Joshi were partners. Joshi died on 28 Feb 2018. His share of profit is calculated on average of 3 years profits. Find Joshi's share. Profits: 2015 = 8000, 2016 = 9000, 2017 = 10000

3.
When debentures are issued as collateral security, the entry passed is:

4.
At the time of death of a partner, balance of Investment Fluctuation Reserve after adjusting fall in investment value is treated as:

5.
On the dissolution of a partnership firm, which account is prepared to ascertain the net gain or loss on the sale of assets and payment of liabilities?

6.
According to the 'Going Concern' concept, assets are recorded at: