CUET 2026 Accountancy May 29 Shift 2 Question Paper- Download Answer Key and Solution PDF

CUET 2026 May 29 Shift 2 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 2 Accountancy Question Paper with Answer Key and Solution PDF from links provided below.

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CUET 2026 Accountancy May 29 Shift 2 Question Paper with Solution PDF

CUET May 29 Shift 2 Accountancy Question Paper 2026	Download PDF	Check Solutions

Question 1:

A firm purchased machinery for \( \ 2,00,000 \) on 1st April 2025. Depreciation is charged at \(10%\) p.a. by Written Down Value Method. The depreciation for the first year will be:

(A) \( \ 10,000 \)
(B) \( \ 20,000 \)
(C) \( \ 25,000 \)
(D) \( \ 15,000 \)

Detailed Solution

Question 2:

A bill of \( 50,000 \) was dishonoured and bank charges of \( 500 \) were paid by the holder. The total amount recoverable from the acceptor is:

(A) \( 49,500 \)
(B) \( 50,000 \)
(C) \( 50,500 \)
(D) \( 51,000 \)

Detailed Solution

Question 3:

If Current Assets are \( 1,20,000 \) and Current Liabilities are \( 60,000 \), then Current Ratio will be:

(A) \(1:1\)
(B) \(2:1\)
(C) \(3:1\)
(D) \(4:1\)

Detailed Solution

Question 4:

Goods costing \( 15,000 \) were distributed as free samples. This will be recorded in:

(A) Sales Account
(B) Purchases Account
(C) Advertisement Account
(D) Drawings Account

Detailed Solution

Question 5:

A partner is entitled to salary of \( 5,000 \) per month. If salary outstanding at year end is for 2 months, the outstanding amount will be:

(A) \( 5,000 \)
(B) \( 7,500 \)
(C) \( 10,000 \)
(D) \( 12,000 \)

Detailed Solution

Question 6:

A company forfeited 100 shares of \( \ 10 \) each issued at par for non-payment of final call of \( \ 2 \) per share. The amount forfeited will be:

(A) \( \ 200 \)
(B) \( \ 800 \)
(C) \( \ 1,000 \)
(D) \( \ 1,200 \)

Detailed Solution

Question 7:

If Gross Profit is \( 80,000 \) and Net Sales are \( 4,00,000 \), the Gross Profit Ratio will be:

(A) \(10%\)
(B) \(15%\)
(C) \(20%\)
(D) \(25%\)

Detailed Solution

Question 8:

Goodwill brought in cash by the incoming partner is credited to:

(A) Revaluation Account
(B) Cash Account
(C) Old Partners’ Capital Accounts
(D) Incoming Partner’s Capital Account

Detailed Solution

Question 9:

Cash deposited into bank by the proprietor should be recorded in:

(A) Cash Book only
(B) Bank Book only
(C) Both Cash and Bank columns of Cash Book
(D) Journal Proper

Detailed Solution

Question 10:

A machine purchased for \(1,50,000\) has a residual value of \(30,000\) and a useful life of 6 years. Annual depreciation under the Straight Line Method (SLM) will be:

(A) \(15,000\)
(B) \(18,000\)
(C) \(20,000\)
(D) \(25,000\)

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.
In the books of a partnership firm maintaining fluctuating capital accounts, which of the following appropriations or adjustments would result in a credit to the Partners' Current Accounts?

Interest allowed on partners' capitals
Remuneration, salary or commission payable to partners
Share of divisible profits transferred to partners
All of the above items

View Solution

2.
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

3.
Final payment: Capital debit ₹50,000, profit ₹1,00,000, liability taken ₹8,000. Find payment.

₹32,000
₹58,000
₹42,000
₹52,000

View Solution

4.
Comparative statements are also known as:

Horizontal analysis
Vertical analysis
Ratio analysis
Trend analysis

View Solution

5.
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

View Solution

6.
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

CUET 2026 Accountancy May 29 Shift 2 Question Paper- Download Answer Key and Solution PDF

CUET 2026 Accountancy May 29 Shift 2 Question Paper with Solution PDF

CUET UG 2026 Exam Pattern

CUET UG 2026 Paper Analysis

CUET Questions

1.
In the books of a partnership firm maintaining fluctuating capital accounts, which of the following appropriations or adjustments would result in a credit to the Partners' Current Accounts?

2.
At the time of death of a partner, balance of Investment Fluctuation Reserve after adjusting fall in investment value is treated as:

3.
Final payment: Capital debit ₹50,000, profit ₹1,00,000, liability taken ₹8,000. Find payment.

4.
Comparative statements are also known as:

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

6.
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?

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CUET 2026 Accountancy May 29 Shift 2 Question Paper with Solution PDF

CUET UG 2026 Exam Pattern

CUET UG 2026 Paper Analysis

CUET Questions

1.In the books of a partnership firm maintaining fluctuating capital accounts, which of the following appropriations or adjustments would result in a credit to the Partners' Current Accounts?

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

3.Final payment: Capital debit ₹50,000, profit ₹1,00,000, liability taken ₹8,000. Find payment.

4.Comparative statements are also known as:

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

6.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?

Comments

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1.
In the books of a partnership firm maintaining fluctuating capital accounts, which of the following appropriations or adjustments would result in a credit to the Partners' Current Accounts?

2.
At the time of death of a partner, balance of Investment Fluctuation Reserve after adjusting fall in investment value is treated as:

3.
Final payment: Capital debit ₹50,000, profit ₹1,00,000, liability taken ₹8,000. Find payment.

4.
Comparative statements are also known as:

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

6.
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?