CUET Accountancy 2025 27 May Shift 2 PYQs

The current ratio of a firm is $2:1$ and the quick ratio is $1:1$. If liabilities are Rs. $1,00,000$, find the value of working capital.

ABC Ltd. has given you the following information:AccountsApril 01, 2024 (Rs.)March 31, 2025 (Rs.)Machinery50,00060,000Accumulated Depreciation25,00015,000During the year, a machine costing Rs. $25,000$ with Accumulated Depreciation of Rs. $15,000$ was sold for Rs. $13,000$.Calculate cash flow from Investing Activities on the basis of the above information.

The balance sheet provides information about the financial position of an enterprise:

Calculate the 'Liquid Ratio' from the following information:ItemsValue (Rs.)Current liabilities50,000Current assets80,000Inventories20,000Advance tax5,000Prepaid expenses5,000

Which of the following is NOT a feature of financial statements?