M.Com Entrance Accounting Scanner – CUET

Accounting M.Com Entrance CUCET & CUET  – Question Pattern

CUCET M.Com Entrance – 2023 30th June Shift 3

 CUCET M.Com Entrance – 2023 5th June Shift 2

 

CUCET M.Com Entrance – 2022

1. In case of Installment payment system the ownership is transferred from the vendor to the purchase.
   (a) Immediately
   (b) On the payment of last installment
   (c) On the Recovery of goods
   (d) On the payment of Instruments premium
2. On the admission of a new partner, the balance of the profit and loss adjustment account should be transferred to the capital account of
   (a) All partners in their new profit-sharing ratio
   (b) Old partners in their old profit-sharing ratio
   (c) Old partners in their new profit sharing ratio
   (d) Old partners in their sacrificing ratio
3. Working capital = 60,000
   Current Ratio = 2.5 : 1
   Liquid ratio = 1.5 : 1
   What is the value of stock?
   (a) 60,000
   (b) 1,00,000
   (c) 20,000
   (d) 40,000
4. Which of the following are qualitative characteristics of financial statement?
   (A) Relevance
   (B) Reliability
   (C) Comparability
   (D) Understandability
   Choose the correct answer from the options given below :
   (a) A, C and B
   (b) B, C and D
   (c) B and C
   (d) A, B, C and D
5. Given below are two statements: One is labelled Assertion A and the other is labelled as Reason R.
   Assertion A: Ratio analysis is one of the tools employed to know the financial health of a concern.
   Reason R: Ratio analysis is not the only technique available to take investment decision.
   In the light of the statements, choose the correct answer from the options given
   below :
   (a) Both A and R are true and R is the correct explanation of A
   (b) Both A and R are true but R is NOT the correct explanation of A
   (c) A is true but R is false
   (d) A is false but R is true
6. Given below are two statements: One is labelled Assertion A and the other is labelled as Reason R.
   Assertion A: Under diminishing balance method of depreciation, the charge for depreciation keeps on diminishing year after year in all subsequent years.
   Reason R: Under diminishing balance method, the rate percent at which depreciation is written off goes on diminishing from year to year.
   In the light of the statements, choose the correct answer from the options given
   below :
   (a) Both A and R are true and R is the correct explanation of A
   (b) Both A and R are true but R is NOT the correct explanation of A
   (c) A is true but R is false
   (d) A is false but R is true

CUCET M.Com Entrance 2021

1. Accounting for Government grants and disclosure of Government assistance in financial statements are the recognized as per
   (a) Indian AS2
   (b) Indian AS20
   (c) Indian AS28
   (d) Indian AS38
2. When the royalties are less than the minimum rent ?
   (a) Royalties account is debited with the amount paid to the landlord
   (b) Royalties account is debited with the excess of minimum rent over
   (c) Royalties account is debited with the actual amount of royalties earned
   (d) Royalties account is debited with the minimum rent
3. On the balance sheet of a company the value of assets bought through hire purchase will appear as
   (a) cost less depreciation to date
   (b) cost less depreciation to date less amount owing on hire purchase
   (c) cost less amount owing on hire purchase
   (d) cost less depreciation to date less balance in the hire vendor’s account

CUCET M.Com Entrance 2020

1. Copyrights, Patents and Trademarks are
   (a) Liquid assets
   (b) Fixed assets
   (c) Intangible assets
   (d) Investments
2. Goodwill of a firm of A and B is valued at Rs.30,000. It is appearing in the books of Rs.12,000. C is admitted for ¼ share. What amount he is supposed to bring for goodwill?
   (a) Rs.3,000
   (b) Rs.4,500
   (c) Rs.10,000
   (d) Rs.10,500
3. Which of the following is a record of all the account balances at the year end, and is used to prepare the final accounts?
   (a) A Trial balance
   (b) A Statement of financial position
   (c) A Statement of cash flows
   (d) A Statement of profit or loss
4. AS – 3 is related with
   (a) Accounting Systems
   (b) Cash Flow Statement
   (c) Depreciation Accounting
   (d) Fund Flow Statement
5. Which of the following payments is revenue expenditure?
   (a) Investment put into the business by the owner
   (b) Purchase of a motor van
   (c) Cost of servicing the motor van
   (d) Money taken out by the owner of the business
6. The liquidator a company is entitled to a remuneration of 2% on assets realized and 3% on the amount distributed to unsecure creditor. The amount assets realized Rs.1,00,000 includes cash Rs.3,000. Amount available for distributes to unsecured creditors before paying liquidator remuneration with Rs. 56,650. The liquidator remuneration will be
   (a) Rs.32,000
   (b) Rs.3,650
   (c) Rs.3,590
   (d) Rs.3,790

CUCET M.Com Entrance 2019

1. The written agreement of partnership is most commonly referred to as_________-.
   (a) Agreement
   (b) Partnership deed
   (c) Partnership contract
   (d) Partnership Act
2. Where there is no partnership agreement exists between partners, what will be the profit sharing ratio between the partners?
   (a) Equal
   (b) It will depend on a partner’s capital
   (c) Unequal
   (d) It will depend on the experience of a partner
3. Under hire purchase system the seller is called
   (a) Buyer
   (b) Hire
   (c) Hire vendor
   (d) Cash system
4. Under installment system the relationship between the buyer and seller is that of a _____
   (a) Buyer and seller
   (b) Pawner and pawnee
   (c) Bailor and bailee
   (d) Debtor and creditor
5. For amalgamation in the nature of merger, the shareholders holding at lest____or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company.
   (a) 51%
   (b) 90%
   (c) 99%
   (d) 100%

Answer Key 

2022

2021

2019