CUET Accountancy 2023 29 May Shift 2 PYQs - Free Mock Test (No Login)

Which of the following will be added to operating profit before working capital changes, while preparing Cash Flow statement using the indirect method?

From the following, identify the items which are payable to a retiring partner, if mentioned in the deed: A. Credit balance of his/her Capital/Current AccountB. Share of goodwillC. Goodwill of the firmD. Share in revaluation gain/lossE. Share in accumulated profits (Reserves) Choose the correct answer from the options given below:

$C$ Ltd made a profit of $\text{Rs. }10,000$ after charging depreciation of $\text{Rs. }2,000$ on Assets, transfer to General Reserve $\text{Rs. }3,000$, Written off Goodwill $\text{Rs. }700$, Profit on sale of Asset $\text{Rs. }300$, increase in Debtors $\text{Rs. }300$, increase in creditors $\text{Rs. }600$, increase in prepaid expenses $\text{Rs. }20$ and decrease in outstanding expenses $\text{Rs. }200$. What will be the cash from operating activities?

Identify the salient features of the Income and Expenditure account from the following:A. It is prepared on an accrual basis.B. It includes both revenue as well as capital items.C. It is prepared after taking into account the additional information regarding outstanding/prepaid expenses and depreciation etc.D. Its result is surplus or deficit.E. It is prepared with the help of the Receipts and Payments Account. Choose the correct answer from the options given below:

Which keyboard shortcut command reverses the last action performed in a spreadsheet worksheet?