CUET UG Accountancy — Financial Statements previous year questions with solutions.
Calculate prize fund expenses incurred during the year 2021-22 from the following information Prize fund as on 1 April, 2021 Rs. 80,000 Donation received for Prize Fund Rs. 15,000 10% Prize Fund Investment Rs. 80,000 Interest Received Rs. 5,000 Interest Accrued Rs. 3,000 Prize fund as on 31 March, 2022 Rs. 70,000
The commonly used Techniques of financial Statements Analysis includes : (A) Common size statements (B) Ratio Analysis (C) Trend Analysis (D) Capital Budgeting Statement Choose the correct answer from the options given below :
Match List I with List II | | LIST I: Major Head | | LIST II: Sub Head | |---|---|---|---| | A. | Fixed assets | I. | Short term provisions | | B. | Current Assets | II. | Money received against share warrants | | C. | Current Liabilities | III. | Non current investment | | D. | Shareholder's Funds | IV. | Inventories | Choose the correct answer from the options given below:
Match List I with List II | | LIST I | | LIST II | |---|---|---|---| | A. | Cash Equivalents | I. | Interim Dividend paid | | B. | Financing Activities | II. | Selling & Distribution expenses paid | | C. | Operating Activities | III. | Marketable securities | | D. | Investing Activities | IV. | Dividend received on Shares held as investment | Choose the correct answer from the options given below:
Identify the correct sequence to find out profit after tax while preparing comparative income statement A. Deduct expenses B. Find out total revenue by adding other incomes to revenue from operations C. Find out profit after tax D. Deduct tax E. Calculate profit before tax Choose the correct answer from the options given below:
Common size analysis is also known as
If the net profit earned during the year is Rs. 1,00,000 and the amount of Bills receivables in the beginning and the end of the year is Rs. 20,000 and Rs. 40,000 respectively, then cash flow from operating activities will be:
Match List I with List II in context g cashflow statement | | LIST I | | LIST II | |---|---|---|---| | A. | Sale of fixed asset | I. | Outflow in operating activities | | B. | Purchase of Goodwill | II. | Inflow in Investing Activities | | C. | Tax Paid | III. | Outflow in Investing Activities | | D. | Dividend Paid | IV. | Outflow in Financing Activities | Choose the correct answer from the options given below:
Identify the limitations of financial statements : A. Can be biased B. Report on stewardship function C. Aggregate information D. Only interim reports E. Basis of fiscal policies Choose the correct answer from the options given below:
What are the different types of liquidity ratios A. Interest coverage ratio B. Current ratio C. Inventory turnover ratio D. Gross profit ratio E. Acid test ratio Choose the correct answer from the options given below:
Identify the components of equity: A. Money received against share warrants B. Working capital C. Share capital D. Reserves & surplus E. Cash Revenue from operations Choose the correct answer from the options given below:
Identify the correct sequence of current assets in company's Balance sheet? A. Bills Receivables B. Cash & cash equivalents C. Short term loans & advances D. Inventories E. Current investments Choose the correct answer from the options given below:
While preparing common-size Balance sheet, each item of Balance sheet is expressed as % of