The CUET Accountancy 2025 exam was held from 13th May to 3rd June, and students can able to download the question paper, answer key, and solution PDF given below. The paper tested knowledge of financial accounting, partnership accounts, company accounts, and the analysis of financial statements.
Students had to attempt 50 questions in 60 minutes, with the paper totaling 250 marks. The marking scheme awarded +5 marks for each correct answer and deducted –1 mark for each incorrect answer.
CUET UG Accountancy 2025 Question Paper with Solutions PDF
| CUET UG Accountancy Question Paper with Solutions PDF | Download PDF | Check Solutions |
Which of the following indicate limitation of financial analysis:
G.S. Rai company ltd. purchased assets of the book value of Rs. 98,000 from another firm. It was agreed that purchase consideration be paid by issuing 11% debentures of Rs. 100 each. Assume debentures have been issued at discount of 20%.
Identify the number of debentures issued by the company to the vendor:
X Ltd. has a current ratio of 3:1 and quick ratio of 2:(A) If excess of current assets over quick assets, represented by inventories is Rs. 5,000, calculate current assets and quick assets.
A, B and C are partners in a firm. If D is admitted as a new partner, what will be its effect?
The director of Priya Polymer Limited resolved that 200 equity shares of Rs. 100 each be forfeited for non-payment of the second and final call of Rs. 30 per share. Out of these, 150 shares were re-issued at Rs. 60 per share to Monit. The amount of capital reserve will be:
A business has earned average profits of Rs. 1,00,000 during the last few years and the normal rate of return in a similar business is 25%. Ascertain the value of goodwill by capitalisation of average profits method, given that the value of net assets of the business is Rs. 3,20,000.
Rana, Sana and Kamana are partners, sharing profits in the ratio 4:3:(B) Rana retires; Sana and Kamana decided to share profits in the future in the ratio of 5:(C) The Gaining Ratio of Sana and Kamana will be -
The following journal entry appears in the books of X Co. Ltd.
\[ Bank A/c Dr. 4,75,000 \] \[Loss on Issue of Debentures A/c Dr. 75,000 \] \[ \quad \quad To 12% Debentures A/c 5,00,000 \] \[ \quad \quad To Premium on Redemption of Debenture A/c 50,000 \]
In this case, the debentures have been issued at a discount of 5%. What is the rate of premium on redemption of debentures?
Stock at the time of dissolution was appearing in books at Rs 50,000. Half of the stock was sold at a discount of 20% and the remaining was taken over by one of the partners at a 10% discount. What amount was received in cash at the time of realization of stock?
Hemant and Naman are partners in a firm sharing profits in the ratio of 3:(B) Their capitals were Rs. 80,000 and Rs. 50,000 respectively. They admitted Samrat on Jan. 1, 2025 as a new partner for 1/5 share in the future profits. Samrat brought Rs. 60,000 as his capital. Calculate the value of goodwill of the firm.
The common size statements are useful, both, in intra-firm comparisons over different years and also in making inter-firm comparisons for several years. This analysis is also known as:
The need for Codification is:
Which analysis is a judgemental process which aims to estimate current and past financial positions and the results of the operation of an enterprise, with primary objective of determining the best possible estimates and predictions about the future conditions?
Where is the address of the active cell displayed?
From the following details, calculate net profit before tax:
Net Profit after tax = Rs. 50,000
15% Long-term debt = Rs. 12,00,000
Tax rate = 20%
A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit.
Gross profit ratio of a company was 25%. Its credit revenue from operations was Rs. 20,00,000 and its cash revenue from operations was 20% of the total revenue from operations. If the indirect expenses of the company were Rs. 50,000, calculate its net profit.
Asha, Deepa and Lata are partners in a firm sharing profits in the ratio of 3 : 2 : (A) Deepa retires. After making all adjustments relating to revaluation, goodwill, payment to Deepa and accumulated profit etc., the capital accounts of Asha and Lata showed a credit balance of Rs. 1,60,000 and Rs. 80,000 respectively. It was decided to adjust the capitals of Asha and Lata in their new profit sharing ratio. You are required to calculate the new capitals of the partners i.e. Asha and Lata.
A and B are partners sharing profits in the ratio of 2:(A) C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc., are Rs. 45,000 and Rs. 15,000 respectively. It is agreed that partners’ capitals should be according to the new profit sharing ratio. Determine the new profit sharing ratio.
According to which section of the Partnership Act 1932, the dissolution of a partnership between all the partners of a firm is called the dissolution of the firm?
Which of the following is correct?
The important provision affecting partnership accounting, in the absence of a partnership deed is:
If a company issues Rs. 1,00,000, 9% debentures of Rs. 100 each at a discount of 5% but redeemable at a premium of 5%, then what amount will be debited to Loss on Issue of Debentures Account?
Debenture Application & Allotment A/c ........ Dr. 95,000
Loss on Issue of Debentures A/c ................. Dr. 10,000
To 9% Debenture A/c ...................................... 1,00,000
To Premium on Redemption of Debentures A/c .... 5,000
On the basis of the above entry, determine the rate of discount at which Rs. 1,00,000, 9% debentures of Rs. 100 each were issued if they were to be redeemed at a premium of 5%.
Which of the following is not the main factor affecting the value of Goodwill?
Dividend paid by a company to its shareholder is classified as which type of activity under cash flow statement?
The sum due to the retiring partner includes:
Various accounting aspects involved on death of a partner are as follows:
Minimum subscription is the minimum amount that, in the opinion of directors, must be raised to meet the needs of business operations of the company relating to:
While issuing the share capital for public subscription where there is no Articles of Association of its own, the following provisions of Table A will apply:
Securities Premium Account can be used only for the following purposes:
Match List-I with List-II:
Choose the correct answer from the options given below:
Match List-I with List-II:
Choose the correct answer from the options given below:
Match List-I with List-II:
| List – I | List – II |
| (A) Cash Outflows from financing activities | (I) Redemption of debentures |
| (B) Cash Inflows from operating activities | (II) Current Investment |
| (C) Cash and cash equivalents | (III) Cash from royalties, fees, commissions and other revenues |
| (D) Cash Inflows from investing activities | (IV) Cash receipt from disposal of fixed assets including intangibles |
Choose the correct answer from the options given below:
Match List-I with List-II:
Choose the correct answer from the options given below:
Match List-I with List-II:
Choose the correct answer from the options given below:
Arrange the following in the sequence of payment at dissolution of a firm:
Arrange the admission procedure in correct sequence:
Arrange the following in a sequence in which they will be utilized for the payment of losses:
The important steps in the procedure of share issue are:
The steps involved in calculation of Goodwill under Super Profit Method are:
Passage: A Solid Partnership
A, V and T were partners of a law firm sharing profits in the ratio of 5:3:(B) Their partnership deed provided the following:
(i) Interest on partners' capital @ 5% p.a.
(ii) A guaranteed that he would earn a minimum annual fee of Rs. 6,00,000 for the firm.
(iii) T was guaranteed a profit of Rs. 2,50,000 (excluding interest on capital) and any deficiency on account of this was to be borne by A and V in the ratio of 2:3. During the year ending March 31, 2019, A earned a fee of Rs. 3,20,000 and net profits earned by the firm were Rs. 8,60,000.
Partner’s capital on April 01, 2018 were: A = Rs. 3,00,000; V = Rs. 3,00,000 and T = Rs. 2,00,000.
What is the amount of A’s deficiency of annual fee?
What is the amount of T's deficiency in profits?
In which ratio the deficiency of T will be borne by A & V?
What is the amount of profit to be credited to A's Capital account?
What is the amount of profit to be credited to V's Capital account?
Passage: Issue and Forfeiture of Shares
On January 1, 2024, the Director of X Ltd. issued for public subscription 50,000 equity shares of Rs. 10 each at Rs. 12 per share payable, Rs. 5 on application (including premium), Rs. 4 on allotment and the balance on call on May 01, 2024. The issue was closed on February 10, 2024 by which date applications for 70,000 shares were received. Of the cash received Rs. 40,000 was returned and Rs. 60,000 was applied to the amount due on allotment, the balance of which was paid on February 16, 2024. All the shareholders paid the call due on May 01, 2024 with the exception of an allottee of 500 shares. These shares were forfeited on September 29, 2024 and reissued as fully paid at Rs. 8 per share on November 01, 2024. The company, as a matter of policy, does not maintain a calls-in-arrears account.
What amount will be credited to Equity Share Application Account on February 10, 2024?
What is the amount of excess application money credited to Share Allotment and money refunded on rejected application in totality?
On forfeiture of 500 shares for non-payment of call money, what amount will be credited to Shares Forfeiture Account?
On Reissue of 500 forfeited shares as fully paid at Rs. 8 per share, what amount will be debited to Shares Forfeiture Account?
What is the amount of Profit on reissue of Forfeited Shares Accounts transferred to Capital Reserve?
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