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The unofficial CUET UG Accountancy Answer Key 2024 prepared by subject experts can be checked here for all question paper sets Set A, B, C and D.
CUET UG Accountancy Answer Key 2024 (Image credit: Pexels)CUET UG Accountancy Answer Key 2024: The National Testing Agency conducted the CUET UG 2024 Accountancy exam on May 17, 2024, in the second shift from 5 PM to 6 PM. The difficulty level of the Accountancy paper was 'Easy to Moderate', and most of the questions were NCERT-based . Candidates will have to answer 40 questions of 200 marks which means each of the questions will carry 5 marks. Whereas 1 mark will be deducted for each of the incorrectly marked answers. As per the paper pattern, the CUET UG Accountancy exam will be conducted in the offline mode, which is a pen and paper-based exam.
Based on the previous year’s trend, it can be assumed that the CUET UG Accountancy answer keys will be released tentatively in the first week of June 2024. Till then the candidates can refer to the CUET UG Accountancy unofficial answer key here. Along with the unofficial answer key, the candidates can check out the question paper analysis here.
CUET UG Percentile Score 2024 (All Subjects) | CUET UG 2024 May 17 Answer Key (All Subjects) |
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CUET UG Accountancy Unofficial Answer Key 2024 (All Sets) LIVE
The candidates will get 4 different sets of questions on the CUET UG Accountancy exam. The questions of Sets A, B, C and D will be the same, only the sequence of the questions will be different for the sets . Check out the CUET UG Accountancy questions with the unofficial answers here in the given table.
| S.No | Question | Answer |
|---|---|---|
| 1 | Match the Following |
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| 2 | 400 shares of Rs. 50 each issued at par were forfeited for non-payment of the final call of Rs. 10 shares. The shares were re-issued at Rs. 45 per share as fully paid up. The amount transferred to the capital reserve is? | 14,000 |
| 3 | When debentures are issued at a premium and redeemed at a premium, the journal entry will have the following combination |
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| 4 | Arrange the following in the correct sequence |
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| 5 | If a delay occurs beyond 8 days in refunding the subscription amount, failing to gather the minimum subscription, from the date of closure of the subscription list, the company shall be liable for the interest rate of | 15% |
| 6 | A company can accept calls in advance if authorized by | Articles of Association |
| 7 | A, B and C are partners sharing profits in the ratio of 3:2:1. C died on 1st July 2023. On this date, final accounts were prepared to ascertain profits for the period. It resulted in a profit of Rs. 1,75,000 for the firm. To give effect to the above - | Profit and Loss account will be debited |
| 8 | On the date of admission of a partner, there was a balance of Rs. 45,000 in the account of machinery. It was found undervalued by 10%. The value of machinery that will appear in the new balance sheet at | 50,000 |
| 9 | Dividend received is | Investing Activity |
| 10 | A partnership can have a maximum of 50 partners. The limit has been set by the | Central Government |
| 11 | Which of the following is an example of sequential code? | Using code 100 - 199 for 'Dealers of Small Pumps' |
| 12 | If there is no claim against Workmen Compensation Reserve, it is ..... at the admission of partner | Credited to old partners' capital accounts |
| 13 | A, B and C are partners sharing profits in the ratio of 3:3:4. They decide to share the future profits equally. The sacrifice or gain of partners are | A gains 1/30; B gains 1/30; C scarifies 2/30 |
| 14 | Match List I with List II |
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| 15 | Kavita and Lalita are partners, sharing profits in a ratio of 2:1. They decide to admit Mohan for 1/4th share | Rs. 4,000 |
| 16 | Anshu and Nitu are partners, sharing profits in a ratio of 3:2. They admitted Jyoti as a new partner for 3/10 shares which she acquired 2/10 from Anshu and 1/10 from Nitu | 4:3:3 |
| 17 | The journal entry for treatment of goodwill, when a new partner brings his share of goodwill in cash and one of the old partners' gains, involves the following |
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| 18 | Identify the correct sequence of the following steps involved in calculating cash flows from the operating activities of a company | E, A, B, C, D |
| 19 | Arrange the following in the correct order |
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| 20 | The Deceased Partner's Capital Account includes the following amount/ balances |
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| 21 | Calculate Trade Receivables Turnover Ratio | 8.18 Times |
| 22 | Calculate the Average Collection Period | 45 Days |
| 23 | Calculate Trade Payables Turnover Ratio | 2.96 Times |
| 24 | Calculate the Average Payment Period | 123 Days |
| 25 | The Trade Receivables Turnover Ratio and Trade Payables Turnover Ratio are categorized as | -- |
| 26 | What is the mode of dissolution of the firm followed by G, K and B? | Dissolution of Agreement |
| 27 | Determine the amount of Profit and Loss account | Dr Rs. 90,000 |
| 28 | Determine Gain/ Loss on Realization | Loss 2,40,000 |
| 29 | The entry for realization expenses in the above case study will be | Realization A/c Dr. To Realization A/c |
| 30 | Existing Profit and Loss Account in the Books of the firm will be shared/ borne by partners in the ratio | 5:3:2 |
| 31 | Libraries run by Charitable trusts are an example of | Not-for-profit organisation |
| 32 | The main source of revenue for 'not-for-profit' organisations is | Subscription from Members |
| 33 | Match the following |
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| 34 | Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm | Increase in assets |
| 35 | Identify the correct sequence to be followed while preparing of final account of a partnership firm |
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| 36 | Window dressing is a practice | to manipulate the accounts to show a better picture of the financial position than the actual one |
| 37 | Match List I with List II |
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| 38 | Which of the following would affect the Revaluation Account at the time of admission of the partner? |
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| 39 | Match List I with List II |
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| 40 | Which of the following are correct in connection with the Common Size Statements |
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| 41 | Calculate the resulting cash flow and state the nature of cash flow from the following information | Investing activity and outflow Rs. 3,50,000 |
| 42 | Arrange the following in proper sequence while preparing the Cash Flow Statement |
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| 43 | Oversubscription is a situation where the | Number of shares applied for is less than the number of shares issued |
| 44 | Arrange the following in the correct sequence in the context of the debenture |
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| 45 | While preparing a cash flow statement, the purchase of goodwill is treated as | Investing activity |
| 46 | The components of a Computerized Accounting System are | Data, People, Procedure, Hardware, Software |
| 47 | The Sales and Accounts Receivable Subsystem deals with | the recording of Sales, maintaining of sales ledger and receivables |
| 48 | The common fields used in the relationship between tables are called | Key fields |
| 49 | On dissolution of a firm, bank overdraft is transferred to | Realisation Account |
| 50 | Arrange the following steps in a correct sequence of the life of a company |
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Also read |
| Links |
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| CUET UG Accountancy Expected Cutoff 2024 |
| CUET UG Accountancy Expected Percentile Score 2024 |
CUET UG Accountancy Question Paper Analysis 2024
Find out the CUET UG Accountancy question paper analysis 2024 here in the following table:
Aspect | Analysis |
|---|---|
Overall Difficulty Level | Easy to Moderate |
Difficulty Level of Reconstitution of Partnership | Easy |
Difficulty Level of Analysis of financial statements | Easy |
Difficulty Level of Accounting for Share and Debenture Capital | Easy |
Difficulty Level of Accounting-Not for Profit | Easy |
Difficulty Level of Computerized Accounting System | Moderate |
Was the paper NCERT-based? | Fully NCERT-based |
Were there any out-of-syllabus questions? | No |
Expected Number of Good Attempts | 30+ |
Was the paper time-consuming? | No |
Marks vs Percentile
| Range | Expected Percentile |
|---|---|
| 170 Marks | Expected Percentile for 170 Marks in CUET 2024 |
| 160 Marks | Expected Percentile for 160 Marks in CUET 2024 |
| 150 Marks | Expected Percentile for 150 Marks in CUET 2024 |
| 140 Marks | Expected Percentile for 140 Marks in CUET 2024 |
Percentile vs Marks
