CUET UG Accountancy — Financial Statements previous year questions with solutions.
Match List-I with List-II | List-I | List-II | |---|---| | (A) Liquidity Ratio | (I) Interest Coverage Ratio | | (B) Profitability Ratio | (II) Acid-Test Ratio | | (C) Solvency Ratio | (III) Fixed Assets Turnover Ratio | | (D) Activity ratios | (IV) Return on Capital Employed Ratio | Choose the correct answer from the options given below:
Financial analysis is useful and important to different users. Which of the following is not the user of Financial analysis:
Average collection period is -
Which of the following is NOT a feature of financial statements?
Which one of the following is not a tool for analyzing financial statements?
Arrange the following outcomes in the correct order for calculating profit and loss in the common-size statement (A) Net Profit (B) Non-Operating Income (C) Revenue from Operations (D) Profit after tax Choose the correct answer from the options given below:
An annual report is issued by a company to its --------------.
Arrange the following under the heading Equities and Liabilities in balance sheet of a company. (A) Non-current liabilities (B) Current liabilities (C) Shareholders fund (D) Share application money pending allotment Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Cash from Operating Activities | (I) Dividends paid on equity and preference capital. | | (B) Cash from Financing Activities | (II) Cash receipts from sale of goods and the rendering of services | | (C) Cash from Investing Activities | (III) Bank balance | | (D) Cash and cash equivalents | (IV) Cash receipt from disposal of fixed assets including intangibles. | Choose the correct answer from the options given below:
Arrange As Appear In Cash Flow Statement- (A) Investing activities (B) Operating activities (C) Financing Activities (D) Cash and cash equivalents Choose the correct answer from the options given below:
Which of the following is not an operating activity-
The two basic measures of liquidity are:
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. 60,000. His inventory turnover ratio is 12 times. If he sells goods at a profit of 20% on revenue from operations, find out the gross profit.
Which among the following are the commonly used tools for financial analysis? (A) Horizontal analysis (B) Vertical analysis (C) Ratio analysis (D) Trend analysis Choose the correct answer from the options given below:
Cash advances and loans made by financial enterprises are usually classified as ___________ activity.
Which of the following ratios is considered as the solvency ratio?
Which of the following is not a constituents of the credit policy of a business firm?
Arrange the following steps to prepare the Comparative Statements- (A) List out absolute figures in rupees relating to two points of time (B) Prepare the format (C) Find out the change in absolute figures by subtracting the first year from the second year and indicate the change as increase or decrease. (D) Calculate the percentage change Choose the correct answer from the options given below:
Which of the following is not an operating activity?
The ________ ratios are primarily measures of return-
Arrange the following in correct sequence in preparation of the Balance sheet of a company. (A) Non-current Liabilities (B) Shareholder's Funds (C) Current Liabilities (D) Contingent liabilities Choose the correct answer from the options given below: 1. (D), (B), (C), (A) 2. (B), (A), (C), (D) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A)
Which of the following is not true about Comparative Statements-
Which of following is not Cash Inflows from Investing Activities