CUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3) - Free Mock Test (No Login)

Identify the correct sequence to be followed while preparing the final accounts of a partnership firm:(A) Profit and Loss Appropriation Account(B) Profit and Loss Account(C) Trading Account(D) Balance SheetChoose the correct answer from the options given below:

Window dressing is a practice:

Match List-I with List-II:List-I(A) Salary to partner(B) Interest on partner's loan(C) Interest on partner's drawings(D) Additional capital introducedList-II(I) Credit side of Partner's Capital Account(II) Debit side of Partner's Current Account(III) Debit side of Profit and Loss Account(IV) Credit side of Partner's Current AccountChoose the correct answer from the options given below:

Which of the following would affect the Revaluation Account at the time of admission of a partner?(A) Increase in assets(B) Drawings against capital(C) Recording of unrecorded assets(D) Decrease in liabilities Choose the correct answer from the options given below:

Match List-I with List-II:List-I (Items of cash flow)(A) Purchase of tangible assets(B) Issue of shares(C) Increase in current assets(D) Marketable securitiesList-II (Type of activity)(I) Operating activity(II) Cash and cash equivalents(III) Investing activity(IV) Financing activityChoose the correct answer from the options given below: