CUET UG · Other Domain Subjects
NCERT Class 12 — partnership, share & debenture accounting, financial statement analysis, cash-flow.
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Q1 · Accountancy / Book-Keeping · EASY
A and B are partners sharing profits in the ratio 3:2. They admit C as a new partner for 1/5 share. C brings Rs 50,000 as his capital and Rs 12,000 as his share of goodwill in cash. The goodwill amount will be credited to:
Q2 · Accountancy / Book-Keeping · MEDIUM
A company issued 10,000 equity shares of Rs 10 each at a premium of Rs 2 per share, payable as follows: On Application Rs 3, On Allotment Rs 5 (including premium), On First Call Rs 2, On Second and Final Call Rs 2. All money was duly received. What is the balance in the Securities Premium Account after the completion of all calls?
Q3 · Accountancy / Book-Keeping · MEDIUM
From the following information, calculate the Operating Ratio: Revenue from Operations Rs 5,00,000; Cost of Revenue from Operations Rs 3,00,000; Operating Expenses Rs 1,00,000.
Q4 · Accountancy / Book-Keeping · HARD
A company purchased machinery for Rs 2,00,000 and paid installation charges Rs 20,000. A government grant of Rs 50,000 was received towards the purchase of this machinery. As per AS-10, what amount should be capitalized as the cost of machinery if the grant is treated as a deduction from the asset cost?
Q5 · Accountancy / Book-Keeping · EASY
In the absence of a partnership deed, profits and losses are shared by partners in which ratio?