How to Score High in CUET Accountancy with Free Mock Tests
What is CUET Accountancy Mock Test?
The CUET Accountancy Mock Test is a practice tool designed to help students prepare specifically for the Accountancy section of the CUET exam. This mock test simulates the actual exam pattern and is curated to cover all major chapters and concepts found in the CUET Accountancy syllabus.
It enables candidates to experience the real exam scenario by answering questions within a fixed time limit. With a mix of conceptual, analytical, and application-based MCQs, students can assess their subject knowledge in Accountancy effectively.
Attempting CUET Accountancy Mock Test regularly familiarizes you with question trends and helps identify strong and weak areas before the actual exam day. Practicing such mock tests builds confidence through real-time performance tracking.
How Mock Tests on CUET Accountancy Help You
Practicing Accountancy mock tests gives you a clear understanding of essential topics such as partnership accounts, company accounts, and financial statements. These tests are structured to replicate the CUET exam experience, improving your mastery over subject basics.
Regular revision using mock tests reinforces important chapters and ensures you don’t miss out on crucial concepts. The time-bound format trains you to manage exam time efficiently and handle pressure with ease.
Mock tests are instrumental in identifying repeated errors and rectifying them before the final exam. For best preparation, explore the CUET course page to strengthen foundational concepts and strategic skills.
CUET Accountancy Subject-wise Mock Test Coverage
| Subject | Chapters Covered | No. of Questions |
|---|---|---|
| Accountancy | Partnership Accounts | 6 |
| Accountancy | Company Accounts | 5 |
| Accountancy | Accounting for Not-for-Profit | 3 |
| Accountancy | Financial Statements | 3 |
| Accountancy | Depreciation & Provisions | 3 |
Steps to Take the CUET Accountancy Mock Test
To begin, select CUET Accountancy as your subject for the mock test. From the start page, press "Start the Mock Test" button to launch the questions exactly as per the CUET format.
Answer all 20 multiple-choice questions given on a single screen. Use the timer at the top to track your time and finish within 20 minutes to match the real exam conditions.
After completion, click on the "Submit Test" button to view your score instantly. You can also review explanations of correct and incorrect answers to deepen subject understanding.
Why Choose Vedantu’s CUET Accountancy Subject Mock Test?
Vedantu’s Accountancy mock test is designed as per the latest CUET exam pattern, emphasizing accuracy and logical reasoning. Practice with Vedantu’s test increases your speed and helps you develop smarter answering strategies.
All questions are handpicked by subject experts and cover every important topic for maximum exam coverage. Smart performance analytics highlight your strengths and areas of improvement for focused learning.
Get instant results, detailed feedback, and comprehensive coverage for CUET Accountancy with Vedantu’s multi-level mock tests. Access more subject-wise practice options in the tables below for additional preparation.
| Essential Study Materials for CUET UG 2026 | |
|---|---|
| 1 | CUET 2026 Notification |
| 2 | CUET 2026 Eligibility Criteria |
| 3 | CUET 2026 Syllabus |
| 4 | CUET 2026 Exam Pattern |
| 5 | CUET 2026 Registration Process |
| 6 | CUET 2026 Admit Card |
| 7 | CUET 2026 Exam Centers |
| 8 | CUET 2026 Exam Date |
| 9 | CUET 2026 Answer Key |
| 10 | CUET 2026 Results |
| 11 | CUET 2026 Counselling |
FAQs on CUET Accountancy Mock Test 2: Practice Free 2025 MCQs Online
1. What are the key features of a partnership as per the CUET Accountancy syllabus?
A partnership is a business structure defined by specific characteristics in accountancy. The main features include:
- Mutual agency – each partner acts as agent and principal for the business.
- Unlimited liability – partners are personally liable for business debts.
- Formation by agreement – must arise from a contract (written or oral).
- Profit-sharing ratio – profits and losses are shared as decided or equally if not specified.
- Not-for-profit motive is not a feature of partnership per CUET standards, as partnerships aim for profit generation.
2. How is goodwill shown in the balance sheet as per CUET accountancy syllabus?
Goodwill is classified as an intangible asset in accountancy. In the balance sheet:
- It appears on the assets side under the section titled Intangible Assets.
- Goodwill represents the value of the business's reputation and cannot be physically touched.
- It is not recorded under tangible, current, or fictitious assets.
3. What is the accounting treatment for interest on drawings in a partnership firm?
Interest on drawings is debited to the Partner’s Capital Account. This means:
- The amount of interest reduces the partner’s capital or current account balance.
- It is not debited to the Drawings, Profit and Loss, or Current Account (unless the firm maintains fixed capital accounts – in which case, the current account may be adjusted).
- This treatment is specified per Indian Partnership Act and CUET syllabus guidelines.
4. What is the basic objective of Not-for-Profit Organisations (NPOs) in accountancy?
Not-for-Profit Organisations primarily aim to serve society, not to earn profits. Core objectives are:
- Providing service to their members or the wider community.
- Promoting cultural, educational, religious, or social objectives.
- Surplus is reinvested for furtherance of the organisation’s objectives, not distributed as profit.
5. Is interest on capital allowed in the absence of a partnership deed according to CUET exam rules?
In the absence of a partnership deed, no interest on capital is allowed to partners. This means:
- Indian Partnership Act, 1932 provisions apply.
- If no agreement exists, interest on capital is not allowed, aligning with CUET MCQ pattern and CBSE guidelines.
- Interest allowed only if expressly stated in the deed.
6. Where are donations received for specific purposes shown in Not-for-Profit Organisation accounting?
Donations for specific purposes are shown as a liability on the Balance Sheet. The reasons are:
- The amount can only be used for the specified purpose (e.g., building fund).
- This ensures proper use and reporting per CUET and CBSE syllabus for NPOs.
- They are not treated as general income in Income and Expenditure Account.
7. Which account is NOT maintained by Not-for-Profit Organisations?
Not-for-Profit Organisations do not maintain a Capital Account as in partnerships or companies. The typical accounts they have include:
- Receipts and Payments Account
- Income and Expenditure Account
- Balance Sheet
8. What is an example of an intangible asset as per CUET accountancy?
Goodwill is a classic example of an intangible asset under accountancy for CUET. Key points:
- Intangible assets do not have a physical form, unlike machinery or furniture.
- Other examples include patents, trademarks, copyrights.
- Goodwill appears on the asset side of the balance sheet under Intangible Assets.
9. How are profits shared among partners in the absence of a partnership agreement?
If partners do not have an agreement on profit-sharing, then profits and losses are shared equally. As per the Indian Partnership Act and CUET guidelines:
- No deed = equally irrespective of capital contributions.
- This rule applies to both profits and losses.
- Capital or other ratios are used only if specified in deed.
10. Where is outstanding subscription at year end shown in the Balance Sheet of a Not-for-Profit Organisation?
Outstanding subscription at year end is shown as an asset in the Balance Sheet. Reasons include:
- It represents money due but not yet received from members.
- Classified under Current Assets for accurate financial reporting.
- Important for adjusting subscription income and exam MCQs.
11. Why is practising CUET Accountancy mock tests beneficial for exam preparation?
Practising CUET Accountancy mock tests is essential for high scores because:
- It familiarises you with the actual exam pattern and difficulty level.
- Helps in identifying and improving weak areas.
- Develops time management and increases speed and accuracy.
- Boosts confidence and reduces exam-related stress.
12. What is the weightage of Partnership Accounts in CUET Accountancy?
Partnership Accounts generally carry an approximate weightage of 30% in the CUET Accountancy syllabus. Key chapters under this section include:
- Fundamentals of partnership
- Admission, retirement, or death of a partner
- Goodwill calculation and adjustment
- Dissolution of partnership
