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

Calculate the amount of cash from sale of machinery from the following items:A machine costing Rs. $20,000$ having book value of Rs. $15,000$ is sold for Rs. $12,000$ and depreciation charged during the year was Rs. $8,000$. The opening and closing balance in machinery account was Rs. $1,80,000andRs.$ 1,72,000$ respectively.

Match List - I with List - II.
$$\begin{array}{ll}\text{List - I}& \text{List - II}\\ \text{(A) Increase in Furniture Value}& \text{(I) Credit side of Partner’s Capital A/c}\\ \text{(B) Depreciation on Machinery}& \text{(II) Debit side of Partner’s Capital A/c}\\ \text{(C) General Reserve}& \text{(III) Credit side of Revaluation A/c}\\ \text{(D) Goodwill appearing in Books}& \text{(IV) Debit side of Revaluation A/c}\end{array}$$
Choose the correct answer from the options given below:

Tax paid on capital gains by the company is shown in Cash Flow Statement as:

If the credit side of Receipt and Payment A/c is more than the debit side then the difference will be shown as:

Which of the following will not be shown in Realisation Account?