CUET Accountancy Answer Key PDF 2024 [ Set A,B,C,D]

Overview: The CUET exam has concluded at all centres across the country, and we can expect NTA to release the CUET Accountancy Answer Key 2024 anytime in June. This article contains all of the information for CUET Accounting Answer Key 2024. 

As per the subject-wise attendance (in percentage) for Day 1 (15 May 2024), Day 2 (16 May 2024), Day 3 (17 May 2024), and Day 4 (18 May 2024), accountancy had the maximum attendance percentage of 85%. 

If you completed taking your accountancy paper and waiting for answer key, through this article we provide you with the unofficial CUET Accounting Answer Key 2024. 

Download Free Study Material for CUET Exam 2025 by SuperGrads

Overview of CUET Accountancy Exam Pattern 2024 

Take a look at the exam pattern for the CUET Accountancy paper listed in the table below:

Sections	Details
Total Questions	50
Duration	60
Correct Answers	Provided for each question
Marks per Question	5
Negative Marking	-1 for each wrong answer
Types of Questions	Multiple Choice Questions (MCQs)

Check: CUET cut-off

Important CUET Accountancy Answer Key 2024 Dates 

Events	Important Dates
CUET Exam Date 2024	Between 15th May 2024 and 29th May 2024
CUET provisional & final answer key release	2nd week of June (Tentative)
NTA CUET Result will be announced on	Last week of June (Tentative)

Check: CUET results

CUET Accountancy Answer Key PDF 2024

The links in the table below will be active once NTA releases the official answer key. 

CUET Accountancy Answer Key 2024 Question Paper	Provisional CUET UG Accountancy Answer Key 2024	Final CUET Accountancy Answer Key PDF 2024
CUET Accountancy Answer Key 2024 set A	Link	Link
CUET Accountancy Answer Key 2024 set B	Link	Link
CUET Accountancy Answer Key 2024 set C	Link	Link
CUET Accountancy Answer Key 2024 set D	Link	Link

Unofficial CUET Accountancy Answer Key 2024 

Find the answers for the accountancy CUET test conducted on 17 May 2024. 

1 - Match List I with List II 

List I (Name of account to be debited or credited when shares are forfeited)	List II  (Account to be debited or credited)
A) Share Capital account	Debited with amount not received
B) Share forfeited account	Credited with amount not received
C) Calls-in-arrears account	Credited with amount received towards share capital
D) Securities Premium account	Debited with amount called up

Choose the correct answer from the options given below:

• 1) (A)-(I), (B)-(II), (C)-(III), (D)-(IV) 
• 2) (A) -(IV), (B)-(III), (C)-(II), (D)-(I) 
• 3) (A)-(III), (B)-(IV),(C)-(I),(D)-(II) 
• 4) (A)-(III),(B)-(IV),(C)-(I),(D)-(II) 

2 - 400 shares of INR 50 each issued at par weere forfeited for non-payment of final call of INR 10 per share. The shares were reissued at INR45 share as fully paid-up. The amount transferred to capital reserve is: 

• 1) INR 15,000 
• 2) INR 14,000 
• 3) INR 16,000 
• 4) INR 13,000 

Check: CUET English Answer Key 2024

3 - When debentures are issued at a premium and redeemed at a premium, the journal entry will have the following combination: 

(A) Discount on issue of debentures account is credited 

(B) Loss on issue of debentures account is debited 

(C) Security premium account is credited 

(D) Premium on redemption of debentures account is credited 

Choose the correct answer from the options given below:

• 1) (A), (B) and (D) only 
• 2) (A), (B) and (C) only 
• 3) (A), (B), (C) and (D) 
• 4) (B), (C) and (D) only 

Check: CUET General Test Answer Key 2024

4 - Arrange the following in the correct sequence in the context of debentures. 

(A) Payment to debentures-holders 

(B) Creation of DRR 

(C) Issue of debentures 

(D) Redemption becomes due 

Choose the correct answer from the options given below:

• 1) (A), (B), (C), (D) 
• 2) (A), (C), (B), (D) 
• 3) (B), (A), (D), (C) 
• 4) (C), (B), (D), (A) 

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 interest rate of:  

• 1) 15% 
• 2) 12% 
• 3) 6% 
• 4) Prevailing in state bank of India 

Check: CUET Hindi Answer Key 2024

6 - A company can accept calls in advance, of authorised by:  

• (1) Shareholders 
• (2) Board of directors 
• (3) Articles of association 
• (4) Memorandum 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 INR 175000 to the firm. To give effect to the above. 

• (1) Profit and Loss account will be debited 
• (2) Profit and Loss appropriation account will be debited 
• (3) Profit and Loss account will be credited 
• (4) Profit and Loss appropriation account will be credited 

8 - On the date of admission of partner there was a balance of 45000 in the account of machinery. It was found undervalued by 10%. The value of machinery will appear in the new balance sheet at: 

• (1) 49,500 
• (2) 50,000 
• (3) 40,000 
• (4) 40,500 

9 - Dividend received is 

• (1) Operating activity 
• (2) Financing activity 
• (3) Investing activity 
• (4) Cash and cash equivalents 

Check: CUET Chemistry Answer Key 2024

10 - A partnership can have maximum 50 partners. This limit has been set by the: 

• (1) Indian Partnership act, 1932 
• (2) State Government 
• (3) Indian contract act, 1872 
• (4) Central Government 

For the correct answers to the rest of the questions, watch the video below.

Steps to download CUET Accountancy Answer Key 2024 

• Visit the official of CUET UG website
• Enter your application number, password and security PIN.
• Look for the notification section and click on the link for "CUET UG 2024 Answer Key and Response Sheet".
• Once logged in, locate the specific answer key for the Accountancy section corresponding to your exam date and shift (Set A, B, C, or D).
• A 'PDF' version of the answer key will be shown on the screen. 

Check: CUET Colleges

Steps to Challenge CUET Accountancy Answer Key 2024 

• Please go to the official website of CUET UG 
• Login with your Application Number, Password, or Login with Application Number and Date of Birth and enter the Security Pin as displayed, and click on the Login Button.
• Click the ‘View/Challenge Answer Key’ button.
• The Option(s) next to the Question ID under the column ‘Correct Option(s)’ stands for the most appropriate Answer Key to be used by NTA.
• If you wish to challenge this option, you may use any one or more of the Options given in the next five columns by clicking the check box 
• You may want to upload supporting documents in which you can select ‘Choose File’ and upload (all documents are to be put in a single pdf file).
• After clicking on your desired Option(s) ID for Challenge scroll down and click on ‘Submit and Review Claims’ and move to the next screen. You must ensure to select all the required options(s) before moving further.
• You will see a display of all the Question ID and Option(s) you have challenged. You may still modify your selection by clicking on ‘Modify Claim’. Once you have selected all the Option(s) ID for Challenge you can click on ‘Save Claim and Pay Fee’. 
• Click on ‘Save Claim and Pay Fee’ to select payment options. No modification will be allowed after payment. 
• Select the Mode of Payment and Pay a non-refundable processing fee @ ₹ 200/-for each question challenged. Make payment through Debit/Credit Card/NetBanking/Paytm. 

Check: CUET preparation books

Significance of CUET Accountancy Answer Key 2024 

The CUET Accountancy Answer Key 2024 is more than just a list of correct answers.

• Estimate Your Score: The answer key allows you to compare your marked responses with the CUET Accountancy Answer Key 2024. It helps you calculate your estimated score and gives you an idea of the college you are likely to get admissions to.
• Challenge Discrepancies (if any): The answer key serves as a reference point. If you strongly believe a particular answer is incorrect, the answer key allows you to challenge it during the designated window. This ensures fairness and accuracy in the evaluation process. 

Check: CUET UG City Intimation Slip 2024

Key Takeaways 

• The official CUET Accountancy Answer Key 2024 is expected in the month of June 2024. 
• This article will be updated with a link to download the answer key from the NTA website as soon as it's available. 
• The answer key helps you estimate your score by comparing your marked responses with the official answers.