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

Value of $12\%$ government securities as at 31 March 2021 was Rs. $85,000$ which were purchased at that date at par. Additional $12\%$ securities worth Rs. $50,000$ were purchased on 31 March, 2022. Total interest debited to receipts and payments A/c during the year on the above securities is Rs. $9,000$. calculate Accrued interest on 31 March, 2022.

From the following information calculate how much amount of depreciation will be shown in the Income and Expenditure A/c for the year 2021-22 :ParticularsAs on 31 March, 2021As on 31 March, 2022FurnitureRs. $1,80,000$ Rs. $1,60,250$ Furniture worth Rs. $8,000$ was sold for Rs. $10,000$ on 1 April, 2021.

Calculate subscription received during the year 2021-22 from the following information :Amount of subscription credited to Income and Expenditure A/c for the year ended 2021-22 Rs. $1,05,000$ Subscription received in advances as on 31 March, 2022 Rs. $10,000$ Subscription received in advances as on 31 March, 2021 Rs. $7,000$ Subscription outstanding as on 31 March, 2021 Rs. $10,500$ Subscription outstanding as on 31 March, 2022 Rs. $20,500$

Calculate prize fund expenses incurred during the year 2021-22 from the following informationPrize 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. $70,000$

Sudhir and Vimal came into partnership with profit sharing ratio of $3:2$. Due to paucity of time, Sudhir was unable to give time to business so Vimal acted as principle and took all financial and operational decisions.Due to break down of Covid 19, business suffered a loss of $4,00,000$. State the amount of loss to be borne by Sudhir.