NTA CUET is a National Level Entrance exam for all UG and PG Courses conducted by National Testing Agency(NTA) for college entrance. Every student must attempt the previous year’s papers to measure their preparation for the exam. To all the fellow aspirants of CUET 2024, here we are with the CUET Accountancy previous year’s paper with the official answer key.
NTA CUET Accountancy Previous Year Question Paper PDF Download
To all the Commerce aspirants for CUET 2024 Exam, here are the CUET Previous Year’s Question Papers for Accountancy CUET UG Examination 2024 for your top-notch preparation.
| S. No. | Year |
| 1. | CUET UG 2022 Accountancy Previous Year Question Paper |
| 2. | CUET UG 2023 Accountancy Previous Year Question Paper(Available Soon) |
NTA CUET Accountancy Previous Year Answer Key Download
Calculate your score with the given links of NTA official answer keys and note down your weak topics and study them more!
| S. No. | Year |
| 1. | CUET UG 2022 Accountancy Previous Year Question Paper Answer Key |
| 2. | CUET UG 2023 Accountancy Previous Year Question Paper Answer Key |
NTA CUET Accountancy Exam Pattern 2024
The CUET Examination 2024 will be conducted in a computer-based test (CBT) mode. The question paper will be strictly based on the NCERT syllabus for class 12 Accountancy.
| Subjects | No. of questions to be attempted | Duration of the exam |
| Language (any one language out of 13 languages ) | 40 out of 50 questions. | 45 minutes for each language |
| Domain Subjects (maximum of 6 subjects from those 27 subjects) | 40 out of 50 questions. | 45 minutes for each subject |
| General Test | 60 Questions to be attempted out of 75 | 60 Minutes (1 hour) |
NTA CUET Accountancy Marking Scheme 2024
NTA has confirmed the exam pattern & the CUET marking scheme for the upcoming exam in 2024. As per the official CUET notification, 5 marks will be awarded for every correct attempt, and 1 mark will be deducted for every incorrect attempt.
| Total Marks | 200 |
| Correct Answer | +5 |
| Wrong Answer | -1 |
| Unanswered | 0 |
NTA CUET Accountancy Exam Syllabus For CUET Exam 2024
In any exam, a student must focus on the syllabus, which is the heart and soul of any examination. To get a good score in CUET Accountancy Exam 2024, read the syllabus carefully and make a practical strategy and study hard!
Unit I: Accounting Not-for-Profit Organisation
- Receipts and Payments: Meaning and Concept of fund-based and non-fund-based accounting.
- Not-for-profit organization: Meaning and Examples
- Preparation of Income and Expenditure Account and Balance sheet from receipt and payment account with additional information.
Unit II: Accounting for Partnership - Nature of Partnership Firm: Partnership deed (meaning, importance).
- Final Accounts of Partnership: Fixed v/s Fluctuating capital, Division of profit among partners,Profit,
and Loss Appropriation account.
Unit III: Reconstitution of Partnership - Changes in profit sharing ratio among the existing partners – Sacrificing ratio and Gaining ratio.
- Accounting for Revaluation of Assets and Liabilities and Distribution of reserves and
accumulated profits. - Goodwill: Nature, Factors affecting and Methods of valuation: Average profit, Super profit,
Multiplier, and Capitalization methods. - Admission of a Partner: Effect of admission of a partner, Change in profit sharing ratio, the
Accounting treatment for goodwill, Revaluation of assets and liabilities, Reserves (accumulated
profits), and Adjustment of capitals. - Retirement/Death of a Partner: Change in profit sharing ratio, Accounting treatment of
goodwill, Revaluation of assets and liabilities, Adjustment of accumulated profits (Reserves).
Unit IV: Dissolution of Partnership Firm - Meaning, Settlement of accounts: Preparation of realization account and related accounts
(excluding piecemeal distribution, sale to a company and insolvency of a Partner)
Company Accounts and Financial Statement Analysis
Unit V: Accounting for Share and Debenture Capital - Share Capital: Meaning, Nature and Types.
- Accounting for Share Capital: Issue and Allotment of Equity and Preference Shares; Over
subscription and Under subscription; Issue at par, premium and at discount; Calls in advance, Calls in
arrears, Issue of shares for consideration other than cash. - Forfeiture of Shares: Accounting treatment, Re-issue of forfeited shares.
- Presentation of shares and Debentures Capital in the company’s balance sheet.
- Issue of Debenture – At par, premium, and discount; Issue of debentures for consideration other
than cash. - Redemption of the debenture.
- Out of proceeds of fresh issue, accumulated profits, and sinking fund.
Unit VI: Analysis of Financial Statements - Financial Statements of a Company: Preparation of simple financial statements of a companyin the
prescribed form with major headings only. - Financial Analysis: Meaning, Significance, Purpose, Limitations.
- Tools for Financial Analysis: Comparative statements, Common size statements.
- Accounting Ratios: Meaning and Objectives, Types of ratios:
Liquidity Ratios: Current ratio, Liquidity ratio.
Solvency Ratio: Debt to equity, Total assets to debt, Proprietary ratio.
Activity Ratio: Inventory turnover, Debtors turnover, Payables turnover, Working capital
turnover, fixed assets turnover, Current assets turnover.
Profitability Ratio: Gross profit, Operating ratio, Net profit ratio, Return on Investment, Earning per Share, Dividend per Share, Profit Earning ratio.
Unit VII: Statement of Changes in Financial Position - Cash Flow Statement: Meaning and Objectives, Preparation, Adjustments related to depreciation,
dividend and tax, sale and purchase of non-current assets (as per revised standard issued by ICAI).
Computerized Accounting System
- Unit I: Overview of Computerized Accounting System
- Concept and Types of Computerized Accounting System (CAS).
- Features of a Computerized Accounting System.
- Structure of a Computerized Accounting System.
Unit II: Using Computerized Accounting System - Steps in the installation of CAS, Preparation of chart of accounts, Codification, and Hierarchy of
account heads. - Data entry, Data validation, and Data verification.
- Adjusting entries, Preparation of financial statements, Closing entries, and Opening entries.
- Security of CAS and Security features are generally available in CAS (Students are expected
to understand and practice the entire accounting process using an accounting package.)
Unit III: Accounting Using Database Management System (DBMS) - Concepts of DBMS. Objects in DBMS: Tables, Queries, Forms, Reports.
- Creating data tables for accounting.
- Using queries, forms, and reports for generating accounting information. Applications of DBMS
in generating accounting information such as shareholders’ records, sales reports, customers’
profiles, suppliers’ profiles payroll, employees’ profiles, and petty cash registers.
Unit IV: Accounting Applications of Electronic Spreadsheet - Concept of an Electronic Spreadsheet (ES).
- Features offered by Electronic Spreadsheet.
- Applications of Electronic Spreadsheet in generating accounting information, preparing
depreciation schedules, loan repayment schedules, payroll accounting, and other such
company
CUET Accountancy Syllabus For 2024 Examination is based on the NCERT Class 12th Book Syllabus. So to score good marks and get into the dream college one must study the NCERT Books by heart and practice a bundle of questions. Don’t forget, Practice is the key!
To know more about cuet accountancy exam syllabus for 2024 exam
To Download the PDF of the Accountancy CUET UG Exam syllabus, click on the link given below:-
Accountancy CUET Exam Syllabus For 2024 PDF Download
Benefits of Solving Accountancy Previous Year Papers
It can benefit you in so many ways such as:-
- It helps you to know the Exam Pattern of the Exam.
- It also helps to know your level of preparation for the exam.
- It shows the reality and helps you know your weak syllabus areas.
- Previous Year papers helps to analyze your performance in the upcoming exams
- Most of the question in any exam comes from previous year papers
NTA CUET Accountancy Previous Year Question Paper: FAQs
Is there any Negative marking in the CUET exam 2024?
Yes, for every correct question, a student is awarded +5 marks, and for every wrong answer, 1 mark will be deducted.
Which colleges are under CUET UG 2024?
There are a total of 260+ colleges and universities that will accept the CUET score.
(44 Central Universities, 44 State Universities, 32 Deemed Universities, 134 Private Universities, and 3 other Universities).
Is the mode of CUET 2024 online or offline?
CUET 2024 examination will be a Computer Based Test conducted by NTA.
What is the medium of examination for the CUET 2024?
The tests (other than “Language Test”) will be offered in 13 languages namely English, Hindi, Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Tamil, Telugu, and Urdu.
What is the maximum number of tests that I can attempt in the CUET exam 2024?
In CUET Exam, A Candidate can attempt a maximum of 9 tests. These include:
2 Languages, 6 Domain Specific Subjects,1 General Test
Or
3 Languages, 5 Domain Specific Subjects,1 General Test
Is the Class 11th Accountancy syllabus included in CUET 2024?
No, CUET 2024 has only the Class 12th NCERT Textbook syllabus.
Where can I Find all the study material for CUET Exam 2024
you can visit our full website, where you will find all the study materials like CUET previous year papers of all subjects, mock test papers, syllabus, exams tips and tricks and many more.
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