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

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1easy1 markmcq
Horizontal analysis is known as:
2easy1 markmcq
Comparative statements are the form of:
3easy1 markmcq
Vertical analysis uses financial data of a company for:
4easy1 markmcq
Which one of the following statements is true?
5easy1 markmcq
Current ratio is , current liabilities Rs. , the amount of current assets will be:
6medium1 markmcq
What is gross profit ratio?Gross sales Rs. Sales returns Rs. Net Profit after interest Rs. Indirect expenses Rs. Interest paid on debentures Rs.
7easy1 markmcq
Cash payment to and on behalf of employees is:
8medium1 markmcq
Cash from operations will be ifTotal sales Rs. Credit sales Rs. Total Purchases Rs. Credit Purchases Rs. Cash Operating expenses Rs.
9easy1 markmcq
Which one of the following activities relate to financing activities?
10medium1 markmcq
When the ratio is low, the firm is said to have favourable indication.
11easy1 markmcq
Debt-equity ratio is a sub-part of:
12medium1 markmcq
Which one of the following is not a 'Cash Outflow'?
13hard1 markmcq
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
14easy1 markmcq
If a machinery is purchased, how will it be treated while preparing the cash flow statement as per AS-3 (Revised)?
15easy1 markmcq
The main objective of common size statement of profit and loss is:
16easy1 markmcq
Which from the following is not a feature of a partnership firm?
17easy1 markmcq
Who from the following regularly attends the office of a company?
18medium1 markmcq
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?
19medium1 markmcq
Which from the following is also known as 'Vertical Organisation'?
20medium1 markmcq
A company issues a share of Rs. on which Rs. is called-up and a shareholder has not paid the call of Rs. . The amount credited to share capital in respect of such shares will be:
21hard1 markmcq
Bajaj Sales Ltd. issues equity shares of Rs. each to the public. The amount is payable as,On application Rs. per shareOn allotment Rs. per shareOn first call Rs. per shareOn final call Rs. per shareAll money has been received on shares. Only one shareholder, who has shares could not pay allotment money and his shares have been forfeited before making first call. Forfeited shares have been re-issued at Rs. fully paid-up. What is the amount of capital reserve?
22hard1 markmcq
A company has to redeem redeemable preference shares of the value of Rs. at a premium of for which the company has issued equity shares of Rs. each at a premium of . The amount to be transferred to capital redemption reserve account would be:
23medium1 markmcq
When own debentures are cancelled, any profit on cancellation is transferred to:
24easy1 markmcq
At the time a new partner is admitted, revaluation of assets and liabilities is made for the:
25hard1 markmcq
Which one of the following items will be added in debit balance of cash book in the preparation of bank reconciliation statement?
26medium1 markmcq
In partnership, a minor can be partner:
27easy1 markmcq
As per Companies Act, 2013, a one person company is a:
28medium1 markmcq
As per the Companies Act, 2013, in general, the maximum time gap specified between two annual general meetings of a company is:
29medium1 markmcq
Amalgamation is a form of:
30medium1 markmcq
Which one of the following is not true?
31easy1 markmcq
The comparative financial statements show:
32easy1 markmcq
Common size statements are the form of:
33easy1 markmcq
What is Gross Profit Ratio if?Total sales Rs. Sales returns Rs. Cost of goods sold Rs.
34easy1 markmcq
A low stock turnover ratio indicates:
35medium1 markmcq
Long-term solvency is indicated by:
36medium1 markmcq
Collections from book debts:
37easy1 markmcq
Financial statements are:
38medium1 markmcq
Which one higher ratio is not favourable?
39medium1 markmcq
Cash flow statement helps in which form of financial planning?
40easy1 markmcq
According to AS-3, cash proceeds from issue of share is:
41easy1 markmcq
If the net operating profit of the business is Rs. and the debtors have decreased during the year by Rs. . Cash from operations is:
42medium1 markmcq
Which one of the following statement is false?
43medium1 markmcq
How sale of equipment Rs. (Book value Rs. ) should be shown in the cash flow statement?
44medium1 markmcq
When shares are forfeited, capital account is debited by:
45medium1 markmcq
Premium on issue of shares can be used for:
46medium1 markmcq
After the debentures are redeemed, the balance in the Sinking Fund Account is transferred to:
47easy1 markmcq
Debenture holders are:
48easy1 markmcq
The goodwill brought in by the new partner is distributed by old partner their:
49medium1 markmcq
X, Y and Z are partners in the ratio of . What will be the new ratio of the remaining partner if X retires?
50easy1 markmcq
In case of retirement or death of a partner, all accumulated profit and losses are transferred in capital account of partners in the:

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