CUET UG Accountancy — Financial Statements previous year questions with solutions.
Breakdown of the 373 Financial Statements questions tagged to a subtopic, by year — darker cells mean more questions.
| Subtopic | Weightage | Total | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Cash Flow | 31.4% | 117 | 35 | 5 | 19 | 58 |
| Nature/Structure | 28.2% | 105 | 41 | 2 | 32 | 30 |
| Ratios | 26.0% | 97 | 57 | 5 | 8 | 27 |
| Analysis | 14.5% | 54 | 35 | 1 | 3 | 15 |
| All subtopics | 373 | 168 | 13 | 62 | 130 |
Which of the following is not an operating activity?
Dividend received for a trading (non financing) organization is.
What is the value of tangible assets as on 31 March 2024
Calculate 'Liquid Ratio' from the following information: | Current liabilities | Rs. 50,000 | |---|---| | Current assets | Rs. 80,000 | | Inventories | Rs. 20,000 | | Advance tax | Rs. 5,000 | | Prepaid expenses | Rs. 5,000 |
Cash flow statement is part of financial statements as per The Companies Act 2013 and prepared in accordance with Accounting Standard_____.
Liquid Ratio is also known as: (A) Current Ratio (B) Quick Ratio (C) Acid- Test Ratio (D) Working Capital Ratio Choose the correct answer from the options given below:
Which of the following does not result in outflow of cash? (A) Depreciation (B) Loss on sale of fixed assets (C) Purchase of fixed assets (D) Goodwill written off Choose the correct answer from the options given below:
Which statements are true- (A) The financial statements of a business enterprise include cash flow statement. (B) Comparative statements are the form of horizontal analysis. (C) Ratio analysis help business in identifying the problem areas. (D) Financial analysis is used only by the creditors. Choose the correct answer from the options given below:
Which entries are correct in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013- (A) The shareholders' funds are sub-classified as Share Capital, Reserves and Surplus & Money received against Share Warrants. (B) Reserves and Surplus include Revaluation Reserve. (C) Both tangible and intangible assets are current assets. (D) Deferred tax assets/liabilities are always non-current. Choose the correct answer from the options given below:
To calculate interest coverage ratio; steps followed will be Net Profit after tax Rs. 60,000; 12% Long-term debt 20,00,000; and Tax rate 40%. (A) Calculate Net Profit before tax (B) Divide Net Profit before Interest and Tax by Interest on long-term debt (C) Calculate Net profit before interest and tax (D) Calculate Interest on Long-term Debt Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | Expenses incurred to earn the income | Explanation | | (A). Purchase of Stock-in-trade | (I). Expenses towards interest charges during the year on the borrowings | | (B). Employees benefit expenses | (II). Diminution in the value of fixed assets | | (C). Finance cost | (III). Purchases of goods for the purpose of trading | | (D). Depreciation | (IV). Expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc | Choose the correct answer from the options given below:
A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit.
Match List-I with List-II | List-I | List-II | |---|---| | Accounting ratio | Type of accounting ratio | | (A) Current ratio | (I) Liquidity ratios | | (B) Stock turnover ratio | (II) Activity ratios | | (C) Debt Equity ratio | (III) Solvency ratios | | (D) Operating ratio | (IV) Profitability ratios | Choose the correct answer from the options given below:
Return on Investment is
Arrange 'Fixed Assets' in proper order (A) Intangible assets under development (B) Tangible assets (C) Intangible Assets (D) Capital Work in Progress Choose the correct answer from the options given below:
Which of the following ratios is considered as the solvency ratio?
Which of the following indicate limitation of Financial analysis:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Liquidity Ratios | (I) Debt to Capital Employed Ratio | | (B) Solvency Ratios | (II) Net profit ratio | | (C) Activity Ratios | (III) Current Ratio | | (D) Profitability Ratios | (IV) Working capital Turnover Ratio | Choose the correct answer from the options given below:
What is the percentage change in share capital
Which of the following statements are True about ratio analysis- (A) A ratio reflects quantitative and qualitative aspects of results. (B) Long-term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount (C) A ratio is always expressed as a quotient of one number divided by another. (D) Ratios help in comparisons of a firm's results over a number of accounting periods as well as with other business enterprises. Choose the correct answer from the options given below:
Arrange the following balance sheet items in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013- (A) Current Assets (B) Shareholder's Funds (C) Non-current Liabilities (D) Non-Current Assets (E) Current Liabilities Choose the correct answer from the options given below:
As per AS-26 assets like goodwill should be written off .
A company issued shares of ₹ 3,00,000 to the public. How it will be shown under the Cash Flow Statement.
If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to: