CUET Accountancy 2022 8 Aug Shift 2 PYQs - Free Mock Test (No Login)

Horizontal analysis is known as:

Comparative statements are the form of:

Vertical analysis uses financial data of a company for:

Which one of the following statements is true?

Current ratio is $2:5$, current liabilities Rs. $25,000$, the amount of current assets will be:

What is gross profit ratio?Gross sales Rs. $7,60,000$ Sales returns Rs. $40,000$ Net Profit after interest Rs. $40,000$ Indirect expenses Rs. $60,000$ Interest paid on debentures Rs. $20,000$

Cash payment to and on behalf of employees is:

Cash from operations will be ifTotal sales Rs. $5,00,000$ Credit sales Rs. $2,25,000$ Total Purchases Rs. $2,48,000$ Credit Purchases Rs. $1,08,000$ Cash Operating expenses Rs. $40,000$

Which one of the following activities relate to financing activities?

When the ratio is low, the firm is said to have favourable indication.

Debt-equity ratio is a sub-part of:

Which one of the following is not a 'Cash Outflow'?

Which items are not added to the net profit for calculating cash from operating activities?(I) Interest and dividend received(II) Transfer to reserves(III) Discount on issue of shares(IV) Loss on sale of fixed assets

If a machinery is purchased, how will it be treated while preparing the cash flow statement as per AS-3 (Revised)?

The main objective of common size statement of profit and loss is:

Which from the following is not a feature of a partnership firm?

Who from the following regularly attends the office of a company?

As per the Companies Act, 1956, a company shall hold the first meeting of board of directors within how many days of the date of its incorporation?

Which from the following is also known as 'Vertical Organisation'?

A company issues a share of Rs. $10$ on which Rs. $8$ is called-up and a shareholder has not paid the call of Rs. $2$. The amount credited to share capital in respect of such shares will be:

Bajaj Sales Ltd. issues $20,000$ equity shares of Rs. $20$ each to the public. The amount is payable as,On application Rs. $4$ per shareOn allotment Rs. $4$ per shareOn first call Rs. $6$ per shareOn final call Rs. $6$ per shareAll money has been received on shares. Only one shareholder, who has $200$ shares could not pay allotment money and his shares have been forfeited before making first call. Forfeited shares have been re-issued at Rs. $18$ fully paid-up. What is the amount of capital reserve?

A company has to redeem redeemable preference shares of the value of Rs. $1,00,000$ at a premium of $10\%$ for which the company has issued $5,000$ equity shares of Rs. $10$ each at a premium of $20\%$. The amount to be transferred to capital redemption reserve account would be:

When own debentures are cancelled, any profit on cancellation is transferred to:

At the time a new partner is admitted, revaluation of assets and liabilities is made for the:

Which one of the following items will be added in debit balance of cash book in the preparation of bank reconciliation statement?

In partnership, a minor can be partner:

As per Companies Act, 2013, a one person company is a:

As per the Companies Act, 2013, in general, the maximum time gap specified between two annual general meetings of a company is:

Amalgamation is a form of:

Which one of the following is not true?

The comparative financial statements show:

Common size statements are the form of:

What is Gross Profit Ratio if?Total sales Rs. $6,00,000$ Sales returns Rs. $50,000$ Cost of goods sold Rs. $4,40,000$

A low stock turnover ratio indicates:

Long-term solvency is indicated by:

Collections from book debts:

Financial statements are:

Which one higher ratio is not favourable?

Cash flow statement helps in which form of financial planning?

According to AS-3, cash proceeds from issue of share is:

If the net operating profit of the business is Rs. $90,000$ and the debtors have decreased during the year by Rs. $40,000$. Cash from operations is:

Which one of the following statement is false?

How sale of equipment Rs. $90,000$ (Book value Rs. $1,00,000$) should be shown in the cash flow statement?

When shares are forfeited, capital account is debited by:

Premium on issue of shares can be used for:

After the debentures are redeemed, the balance in the Sinking Fund Account is transferred to:

Debenture holders are:

The goodwill brought in by the new partner is distributed by old partner their:

X, Y and Z are partners in the ratio of $\frac{1}{2}:\frac{2}{5}:\frac{1}{10}$. What will be the new ratio of the remaining partner if X retires?

In case of retirement or death of a partner, all accumulated profit and losses are transferred in capital account of partners in the: