CUET Accountancy 2022 23 Aug Shift 2 PYQs - Free Mock Test & Without Login

Match List I with List II in context of not having partnership deed.LIST IA. Interest on loanB. Interest on drawingsC. SalaryD. Profit sharing ratioLIST III. EqualII. Will not be chargedIII. @ $6\%$ p.a.IV. Will not be allowed/providedChoose the correct answer from the options given below:

What is the correct sequence of allotment of sharesA. Allotment money receivedB. Inviting applications from investorsC. Allotment DueD. Application money ReceivedE. Share Call Money DueChoose the correct answer from the options given below :

What is the correct sequence of types of capital in company's Balance sheet while preparing notes to accounts.A. Issued CapitalB. Subscribed and fully paid up capitalC. Share forfeited BalanceD. Authorised CapitalE. Subscribed but not fully paid up capital Choose the correct answer from the options given below:

Identify the correct sequence to find out profit after tax while preparing comparative income statement A. Deduct expensesB. Find out total revenue by adding other incomes to revenue from operationsC. Find out profit after taxD. Deduct taxE. Calculate profit before tax Choose the correct answer from the options given below:

If net profit made during the year are Rs. $50,000$ and the bills receivables have decreased by Rs. $10,000$ during the year then the cash flow from operating activities will be: