CUET Accountancy 2022 20 Aug Shift 2 PYQs - Free Mock Test (No Login)

X Ltd. has a Current Ratio of $3.5:1$ and Quick Ratio of $2:1$. If excess of current assets over quick assets represented by inventories is Rs. $24,000$. Calculate current liabilities.

Comparative Statements are also known as:

The company purchased plant with a book value of Rs. $1,90,000$ from National Victory Company and agreed to pay via issuing $2000$, $10\%$ Debentures of Rs. $100$ each at a discount of $5\%$.Amount that will be credited to $10\%$ Debenture A/c will be:

Valuation of Goodwill takes place on which of the following occasions:A. Incorporation of a new businessB. Change in profit sharing ratioC. Amalgamation of partnership firmD. Admission of a partnerE. Dissolution of firm or closure of businessChoose the correct answer from the options given below:

Following items are categorised under Operating Activities:A. Purchase of GoodwillB. Transfer to General ReserveC. Issue of fresh sharesD. Gain on sale of machineryChoose the correct answer from the options given below: