CUET Accountancy 2022 23 Aug Shift 2 PYQs - Free Mock Test & No Login

Which among the following items appear in the Receipt and Payment Account ?(A) Life membership fees(B) Depreciation of fixed assets(C) Provision of doubtful debts(D) Profit/loss on sale of fixed assetsChoose the correct answer from the options given below :

Match List - I with List - II.List - I ||| List - II(A) Operating Activities ||| (I) Issue of equity shares(B) Investing Activities ||| (II) Purchase of Marketable securities(C) Financing Activities ||| (III) Cash sales(D) Cash Equivalent ||| (IV) Purchase of fixed assetsChoose the correct answer from the options given below :

From the following information of X Ltd, calculate Cash Flow from Financing Activities.ParticularsApril 1, 2021March 31, 2022Long-term Loan2,00,0002,60,000During the year, the company repaid a loan of Rs. $1,00,000$. Long-term loan carried interest rate of $10\%$. The loan was repaid on 1st April 2021 and a fresh loan was taken on 31st March 2022.

Securities Premium Reserve as per section 52(2) of the companies Act 2013 can be used :(A) To write-off preliminary expenses of the company(B) To issue fully paid bonus shares to the extent not exceeding unissued share capital of the company(C) To pay premium on the redemption of preference shares or debentures(D) To write off discount allowed on the goods sold on creditChoose the correct answer from the options given below :

Uncalled capital that can be called up only in event of winding up of the company is called :