CUET Accountancy 2022 15 July Shift 2 PYQs - Free Mock Test (No Login)

Identify the Cash Outflow from Financing Activity:

A firm is dissolved at the time of:

Discount on Issue of Debentures:A. Is not a capital gainB. Can be written off in any yearC. Can be written off from securities premium ReserveD. Can be written off from General ReserveChoose the correct answer from the options given below:

Outstanding Salaries for the current year is shown:A. In the Opening Balance Sheet, as an assetB. In the Closing Balance Sheet, as an assetC. In the Income and Expenditure A/c by adding to the expense 'salary'D. In the Closing Balance Sheet, as a liabilityChoose the correct answer from the options given below:

How will you show Bank overdraft while preparing the Income and Expenditure Account and Balance sheet of a club?