CUET UG Accountancy — Financial Statements previous year questions with solutions.
Which of the following is an in flow of cash in financing activity?
Receipt and Payment a/c for the year ending 31.3.22. | Locker Rent | Rs.17,050 | |---|---| Additional Information: Locker rent Rs.3,050 outstanding for the year 2020-21 and Rs.1,500 for 2021-22. Locker rent received on advance at the end of current year i.e on 31.3.22 is Rs.1,000. What amount of Locker Rent will be shown in Income and Expenditure A/c? Choose the correct option:
If the net profit earned during the year is Rs.50,000 and amount of Depreciation during the year is Rs.15,000, then the cash flow from operating activities will be equal to Rs. _______.
There are 500 members in a Rotary club, who provide medical services to poor people in backward area. Each member pays 1,000 Rs. as subscription. During financial year 100 members paid partial subscription of Rs.80,000. 10 members left without giving yearly subscription. Amount received during current financial year will be
Match List I with List II | List I | List II | |---|---| | A. Debt Equity Ratio | I. Primarily indicates the rate of external funds in financing assets. | | B. Total assets to Debt ratio | II. Higher proportion provides security to creditors | | C. Proprietary ratio | III. It reveals the efficiency of business in utilization of funds | | D. Return on Investment | IV. It measures degree of indebtness of an enterprise | Choose the correct answer from the options given below:
Land donated by neighbor is
Treatment of construction of pavilion is
Life Membership fees of Rs.25,000 is
Identify the items NOT be shown under Investing Activities while making Cah Flow statement. (a) Proposed Dividend (b) Purchase of non-current Investments (c) Interest paid on long term borrowings (d) Sale of machinery (e) Marketable securities Choose the most appropriate answer from the options given below :
Match List - I with List - II | List - I | List - II | | --- | --- | | (a) Working Capital Turnover Ratio | (i) $\frac{\text{Quick Assets}}{\text{Current liabilities}}$ | | (b) Acid Test Ratio | (ii) $\frac{\text{Operating Profit}}{\text{Rev. from operations}} \times 100$ | | (c) Operating Profit Ratio | (iii) $\frac{\text{Revenue from operation}}{\text{Working capital}}$ | | (d) Trade Payables Turnover Ratio | (iv) $\frac{\text{Net Credit Revenue from operation}}{\text{Average Trade payables}}$ | Choose the correct answer from the options given below :
Calculate Current Ratio from the following given information. Liquid Ratio 0.75 : 1 Current Liabilities Rs. 1,80,000 Prepaid Expenses Rs. 20,000 Inventory Rs. 47,250
Payment made for stationary during the year 2021 - 22 is Rs. 46,000. Stock of stationary as on 1-4-2021 Rs. 8,000 Stock of stationary as on 31-3-2022 Rs. 6,000 Advance for stationary as on 1-4-2021 Rs. 18,000 Advance for stationary as on 31-3-2022 Rs. 5,000 What will be the amount of stationary consumed during the year 2021 - 22 ?
The closing balance of Receipts and Payments Account depicts _________.
Income ad Expenditure Account is prepared on (a)_________ basis, while Receipts and Payments Account is prepared on (b)_________ basis.
Match List - I with List - II | List - I | List - II | | --- | --- | | (a) Honorarium | (i) Asset side of balance sheet | | (b) Life Membership Fees | (ii) Credited to Income and Expenditure Account | | (c) General Donations | (iii) Debited to Income and Expenditure Account | | (d) Outstanding subscription | (iv) Credited to Capital Fund | Choose the correct answer from the options given below :
The Receipts and Payments Account of Lead Sports Club showed payment for sports materials as Rs. 46,000 for the year ended 31st March 2022. Additional Information provided is as follows : | Details | 31st March 2021 | 31st March 2022 | | --- | --- | --- | | Stock of sports Materials | Rs. 8,000 | Rs. 6,000 | | Creditors | Rs. 18,000 | Rs. 5,000 | Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.
Make the right combination of the ratios that enables to find the short term liquidity. (a) Return on Equity (b) Acid Test Ratio (c) Current Ratio (d) Sacrificing Ratio (e) Inventory Turnover Ratio Choose the most appropriate answer from the options given below :
On 1st April 2020, the balance of furniture of ABC Ltd. was Rs. 20,000. During the year furniture costing Rs. 4,000 was sold at a gain of Rs. 3,000. Depreciation was charged on it Rs. 5,000. The balance of furniture on 31.3.21 was Rs. 28,000. The amount of furniture purchased was :
X Ltd. sold machinery having a book value of Rs. 25,000 (on which accumulated depreciation of Rs. 5,000 had been charged) at a profit of Rs. 3,000. The cash flow from investing activities will be :
Arrange the following items to be in order while making Cash Flow Statement as per AS.3 (a) Income Tax paid (b) Purchase of Furniture (c) Good will written off (d) Debentures issued (e) Shares purchased Choose the correct answer from the options given below :
Arrange the following into correct sequence while computing cash flow from operating activies. (a) Compute Net Profit before tax after making necessary adjustments. (b) Compute operating profit before working capital changes by making adjustment for non-cash and non-operating activities. (c) Calculate the difference between opening and closing balance in statment of profit and loss. (d) Compute operating profit by making adjustment for working capital changes. (e) Calculate cash generated/cash used from operating activities by deducting tax paid from operating profit. Choose the correct answer from the options given below :
If from the above informations, cash flow from operating activity is ascertained, then it is ascertained according to Accounting standard :
We add depreciation in order to find out operating profit before working capital changes :
Apast from showing interim dividend in Net Profit before tax, where else it will be shown ?