CUET · Accountancy

Concept-first accountancy for CUET — pick a concept on the left; every question leads on the idea and the why before the solution.

◈ Domain subjects follow the NCERT Class 12 syllabusConcept-aligned original practice · not official past papers

Syllabus units

official CUET syllabus

Topics

each becomes a concept

Exam weightage

20%

≈ 50 MCQs · one domain subject of your choice · varies by university

Practice Q&A

163

live · concept-first · verified

Your progress

0/163 · 0%

Content in progress — the first units go live soon.

Nature of partnership, partnership deed — meaning and importance; provisions of the Indian Partnership Act 1932 in the absence of a partnership deed

Fixed and fluctuating capital accounts; preparation of the Profit and Loss Appropriation Account

Division of profit among partners; guarantee of profits

Interest on capital and interest on drawings; interest on partner’s loan

Past adjustments (relating to interest on capital, interest on drawings, salary and profit-sharing ratio)

Change in the profit-sharing ratio among existing partners — sacrificing ratio, gaining ratio

Goodwill — nature, factors affecting and methods of valuation (average profit, super profit and capitalisation)

Accounting treatment of goodwill on admission of a partner

Revaluation of assets and reassessment of liabilities; treatment of reserves and accumulated profits

Adjustment of capital accounts and preparation of the balance sheet of the reconstituted firm

Effect of retirement or death of a partner on the change in profit-sharing ratio; gaining ratio

Treatment of goodwill and treatment of revaluation of assets and reassessment of liabilities

Adjustment of accumulated profits and reserves

Calculation of the deceased partner’s share of profit till the date of death; preparation of the deceased partner’s capital account and executor’s account

Meaning of dissolution of partnership and dissolution of firm; types of dissolution of a firm

Settlement of accounts — preparation of the Realisation Account, and other related accounts (capital accounts of partners and cash/bank account, excluding piecemeal distribution, sale to a company and insolvency of a partner)

Features and types of a company; share and share capital — nature and types

Accounting for share capital — issue and allotment of equity and preference shares; private placement of shares; Employee Stock Option Plan (concept)

Public subscription of shares — over-subscription and under-subscription of shares; issue at par and at premium; calls in advance and calls in arrears; issue of shares for consideration other than cash

Accounting treatment of forfeiture and re-issue of shares; disclosure of share capital in the company’s balance sheet

Debentures — meaning, types; issue of debentures at par, at a premium and at a discount

Issue of debentures for consideration other than cash; issue of debentures with terms of redemption; debentures as collateral security; interest on debentures

Redemption of debentures — lump sum and draw of lots; creation of Debenture Redemption Reserve

Financial statements of a company — Statement of Profit and Loss and Balance Sheet in the prescribed form (Schedule III of the Companies Act 2013) with major headings and sub-headings

Preparation of Balance Sheet and Statement of Profit and Loss as per Schedule III

Meaning, objectives, importance and limitations of financial statement analysis; tools of analysis

Comparative statements and common-size statements

Meaning, objectives, classification and computation of accounting ratios

Liquidity ratios — current ratio and quick ratio

Solvency ratios — debt-to-equity ratio, total-assets-to-debt ratio, proprietary ratio and interest coverage ratio

Activity (turnover) ratios — inventory turnover, trade receivables and trade payables turnover, working-capital turnover

Profitability ratios — gross-profit, operating, operating-profit, net-profit and return-on-investment ratios

Meaning, objectives and preparation of the Cash Flow Statement (as per AS-3, revised — indirect method only)

Cash flows from operating, investing and financing activities (adjustments limited to depreciation, amortisation, and sale of fixed and non-current assets)

View full official syllabus →

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