CUET Accountancy 2023 11 June Shift 3 PYQs - Free Mock Test (No Login)

What will be Interest Coverage Ratio, when $20\%$ Long term Debt is Rs. $10,00,000$, Tax Rate $40\%$ and Net profit After Tax is Rs. $6,00,000$.

Cave Ltd. made a profit of Rs. $1,50,000$ after charging depreciation of Rs. $30,000$ on assets and a transfer to general reserve of Rs. $30,000$. The Goodwill amortised was Rs. $9,000$ and gain on sale of machinery was Rs. $5,000$. Operating profit before working capital changes will be:

In the absence of a partnership deed which of the following are correct.(A) Profit sharing ratio will be on the basis of capital contributed by the partners(B) No interest on capital will be provided(C) No interest on Drawing will be charged(D) $6\%$ p.a. interest on partner's loan will be provided(E) Partner will get salary for extra time devoted for the firmChoose the correct answer from the options given below:

Select the entry that is to be made when a creditor accepts an asset in full and final settlement of his account.

Calculate cash flow from financing Activities of X Ltd. which is a financing company.Issue of shares Rs. $1,00,000$ Issue of Bonus shares Rs. $50,000$ Dividend paid Rs. $10,000$ Interest paid Rs. $5,000$