CUET UG Accountancy — Financial Statements previous year questions with solutions.
The ideal quick ratio is
Which accounting standard is applicable for recognizing Intangible assets?
Operating expense ratio is
The main advantage of ratio analysis is.
Cash received from the issue of debenture for a trading organization is.
Goods costing Rs.80,000/- were sold at a profit of 20% on sales. the amount of gross profit on this sales is.
Match List-I with List-II | List–I | List–II | | ---------------------------------------- | ---------------------------------------------------------------- | | (A) Cash Inflows & Operating Activities | (I) Proceeds from issue of preference or equity shares | | (B) Cash Inflows & Financing Activities | (II) Receipt from royalties, fees, commission and other revenues | | (C) Cash Inflows & Investing Activities | (III) Payment of Taxes | | (D) Cash Outflows & Operating Activities | (IV) Proceeds from disposal of Machinery | Choose the correct answer from the options given below:
Revenue from operations = 4,00,000 Average Inventory = 55,000 Gross Profit Ratio = 10%. Calculate Inventory turnover ratio-
If, Total assets = Rs. 3,00,000 Non-current liabilities = Rs. 80,000 Shareholders fund = Rs. 2,00,000 Non-current assets: Fixed assets = Rs. 1,60,000 Non-current investments = Rs. 1,00,000. Then, Current Ratio is:
Current Ratio of the firm is:
Quick Ratio of the firm is:
To assess the long term solvency of the business, which of the following ratios are needed? (A) Interest coverage ratio (B) Proprietary ratio (C) Acid test ratio (D) Debt to capital employed ratio Choose the correct answer from the options given below:
Dividend received for a trading (non financing) organization is.
Which of following is not Cash Inflows from Investing Activities
Which technique is used to assess profitability, solvency and efficiency of an enterprise through the technique of ratio analysis?
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:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Operating activity | (I) Bank | | (B) Investing activity | (II) Redemption of preference shares | | (C) Financing activity | (III) Purchase of machinery | | (D) Cash equivalents | (IV) Cash receipt from trade receivables. | Choose the correct answer from the options given below:
Which of the following is not the tool for analysis of Financial Statements-
Which combination of the following activities are financing activities- (A) Proceeds from issue of equity share capital. (B) Purchase of goodwill. (C) Proceeds from long-term borrowings. (D) Interim dividend paid on equity shares. Choose the correct answer from the options given below:
Quick Assets of the firm are:
Calculate Gross profit ratio from following info | Revenue from operations | 3,40,000 | |---|---| | Cost of revenue from operations | 1,20,000 |
Which of the following transactions are shown under Financing activity: (A) Purchase of Furniture by issuing 1000 Shares @10 each (B) Interest paid ₹ 25,000 (C) Dividend Paid ₹ 10,000 (D) Issue of 5000 Bonus shares @ 10 each Choose the correct answer from the options given below:
Arrange following in correct order (A) Cash and cash equivalents (B) Investing activity (C) Operating Activity (D) Financing activity Choose the correct answer from the options given below:
Auditor issues Annual report of company refering to___.