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Nature Structure Questions

Practice 77 Nature Structure questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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Practice by Exam:Accountancy(70)CUET Accountancy(7)

About Nature/Structure — practice questions, PYQs & concepts

Nature/Structure is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 77 Nature/Structure questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Nature/Structure weight in competitive exams

Across our Nature/Structure question bank, the largest sources are Accountancy (70) and CUET Accountancy (7). Click any exam chip above to drill down to that exam-specific question set.

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All Nature Structure Questions(1–77 of 77)

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Q1mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Identify which of the following items are classified under Current Liabilities in a corporate Balance Sheet as per Schedule III of the Companies Act, 2013:(A) Trade receivables(B) Unclaimed dividend(C) Interest accrued but not due on loan(D) Acceptances(E) debentures redeemable after four yearsChoose the correct answer from the options given below:
Q2mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Calculate the total cost of medicines consumed during the financial year 2020-21 based on the following information:
image
Q3easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
An old piece of furniture with a book value of is sold for . What amount will be recorded, and on which side, in the Receipts and Payments Account of an NPO?
Q4mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
Other income of a corporate entity is , which constitutes of its Revenue from Operations. Employees Benefit Expenses are valued at of the Revenue from Operations. Assuming a tax rate of , find the Net Profit After Tax (PAT).
Q5easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
If a designated Fund balance such as a "Tournament Fund" exists in the books of a Non-Profit Organisation (NPO), then the explicit expenses incurred on executing such tournament activities must be shown:
Q6easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
0% accuracy
An annual report containing audited accounting statements and operational reviews is officially furnished by a company to its:
Q7easymcqCUET AccountancyCUET 2025 31 May Shift 12026
0% accuracy
Which of the following is not the nature of financial statements-
Q8easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Financial Statements of a company do not include:
Q9easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Match List I with List II:
image
Choose the correct answer from the options given below:
Q10easymcqCUET AccountancyCUET Accountancy 2025 13 May Shift 12026
Under Schedule III of the Companies Act 2013, current liabilities do not include:
Q11easymcqAccountancyCUET Accountancy 2025 13 May Shift 22026
Arrange the following line items in the sequence in which they appear in the Balance Sheet as prescribed in Part I of Schedule III of the Companies Act, 2013:(A) Non-current liabilities(B) Current liabilities(C) Current Assets(D) Shareholders' fundsChoose the correct answer from the options given below:
Q12easymcqCUET AccountancyCUET Accountancy 2025 13 May Shift 12026
Comprehension:Consider the following account balance particulars of a firm:ParticularsAmount (Rs.)Inventories Trade Receivables Advance Tax Cash and Cash Equivalents Trade Payables Bank overdraft Question: Total cumulative amount of current liabilities is:
Q13easymcqCUET AccountancyCUET Accountancy 2025 13 May Shift 12026
Arrange the following under the heading Equities and Liabilities in the balance sheet of a company in the correct order from top to bottom as per Schedule III of the Companies Act, 2013:(A) Non-current liabilities(B) Current liabilities(C) Shareholders' fund(D) Share application money pending allotmentChoose the correct answer from the options given below:
Q14easymcqCUET AccountancyCUET Accountancy 2025 13 May Shift 12026
Comprehension:Consider the following account balance particulars of a firm:ParticularsAmount (Rs.)Inventories Trade Receivables Advance Tax Cash and Cash Equivalents Trade Payables Bank overdraft Question: Total amount of Current Assets is:
Q15easymcqAccountancyCUET Accountancy 2023 11 June Shift 32026
What will be the accounting treatment of outstanding expenses in the Income and Expenditure A/c.(A) Added in main or concerned head(B) Subtracted from main head(C) Shown in Balance-Sheet as Liability(D) Will not be shown in Income and Expenditure A/c(E) Shown in Receipt and Payment A/c onlyChoose the correct answer from the options given below:
Q16easymcqAccountancyCUET Accountancy 2023 20 June Shift 22026
\textbf{Case Study Description:}Review the Trial Balance and accompanying details provided by a school for the fiscal year ended 31st March 2017:\begin{tabular}{|l|r|l|r|}\hline\textbf{Debit Balance} & \textbf{Amount (Rs.)} & \textbf{Credit Balance} & \textbf{Amount (Rs.)} \ \hlineBuilding & 6,25,000 & Admission fees & 12,500 \ \hlineFurniture & 1,00,000 & Tuition fees received & 5,00,000 \ \hlineLibrary Books & 1,50,000 & Creditors for supplies & 15,000 \ \hlineInvestment @12% & 5,00,000 & Rent for the school hall & 10,000 \ \hlineSalaries & 5,00,000 & Miscellaneous receipts & 30,000 \ \hlineStationery & 40,000 & Government grant & 3,50,000 \ \hlineGeneral expenses & 18,000 & General fund & 10,00,000 \ \hlineSports expenses & 15,000 & Donation for library books & 62,500 \ \hlineCash at bank & 50,000 & Sale of old furniture & 20,000 \ \hlineCash in hand & 2,000 & & \ \hline\textbf{Total} & \textbf{20,00,000} & \textbf{Total} & \textbf{20,00,000} \ \hline\end{tabular}\textbf{Additional Information:}\begin{enumerate}\item Tuition fees outstanding/yet to be received for the year are .\item Salaries outstanding/yet to be paid amount to .\item Furniture costing was purchased on October 1, 2016.\item The book value of the furniture sold was on April 1, 2016.\item Depreciation is to be charged at on furniture, on Library books, and on building.\end{enumerate}Based on the case study data, calculate the closing value of the Building as of 31.03.2017:
Q17easymcqAccountancyCUET Accountancy 2023 20 June Shift 22026
\textbf{Case Study Description:}Review the Trial Balance and accompanying details provided by a school for the fiscal year ended 31st March 2017:\begin{tabular}{|l|r|l|r|}\hline\textbf{Debit Balance} & \textbf{Amount (Rs.)} & \textbf{Credit Balance} & \textbf{Amount (Rs.)} \ \hlineBuilding & 6,25,000 & Admission fees & 12,500 \ \hlineFurniture & 1,00,000 & Tuition fees received & 5,00,000 \ \hlineLibrary Books & 1,50,000 & Creditors for supplies & 15,000 \ \hlineInvestment @12% & 5,00,000 & Rent for the school hall & 10,000 \ \hlineSalaries & 5,00,000 & Miscellaneous receipts & 30,000 \ \hlineStationery & 40,000 & Government grant & 3,50,000 \ \hlineGeneral expenses & 18,000 & General fund & 10,00,000 \ \hlineSports expenses & 15,000 & Donation for library books & 62,500 \ \hlineCash at bank & 50,000 & Sale of old furniture & 20,000 \ \hlineCash in hand & 2,000 & & \ \hline\textbf{Total} & \textbf{20,00,000} & \textbf{Total} & \textbf{20,00,000} \ \hline\end{tabular}\textbf{Additional Information:}\begin{enumerate}\item Tuition fees outstanding/yet to be received for the year are .\item Salaries outstanding/yet to be paid amount to .\item Furniture costing was purchased on October 1, 2016.\item The book value of the furniture sold was on April 1, 2016.\item Depreciation is to be charged at on furniture, on Library books, and on building.\end{enumerate}Determine the total Salary Expense to be debited to the Income and Expenditure Account for the year 2016-17:
Q18easymcqAccountancyCUET Accountancy 2023 20 June Shift 22026
\textbf{Case Study Description (Questions 41 to 45):}Review the Trial Balance and accompanying details provided by a school for the fiscal year ended 31st March 2017:\begin{tabular}{|l|r|l|r|}\hline\textbf{Debit Balance} & \textbf{Amount (Rs.)} & \textbf{Credit Balance} & \textbf{Amount (Rs.)} \ \hlineBuilding & 6,25,000 & Admission fees & 12,500 \ \hlineFurniture & 1,00,000 & Tuition fees received & 5,00,000 \ \hlineLibrary Books & 1,50,000 & Creditors for supplies & 15,000 \ \hlineInvestment @12% & 5,00,000 & Rent for the school hall & 10,000 \ \hlineSalaries & 5,00,000 & Miscellaneous receipts & 30,000 \ \hlineStationery & 40,000 & Government grant & 3,50,000 \ \hlineGeneral expenses & 18,000 & General fund & 10,00,000 \ \hlineSports expenses & 15,000 & Donation for library books & 62,500 \ \hlineCash at bank & 50,000 & Sale of old furniture & 20,000 \ \hlineCash in hand & 2,000 & & \ \hline\textbf{Total} & \textbf{20,00,000} & \textbf{Total} & \textbf{20,00,000} \ \hline\end{tabular}\textbf{Additional Information:}\begin{enumerate}\item Tuition fees outstanding/yet to be received for the year are .\item Salaries outstanding/yet to be paid amount to .\item Furniture costing was purchased on October 1, 2016.\item The book value of the furniture sold was on April 1, 2016.\item Depreciation is to be charged at on furniture, on Library books, and on building.\end{enumerate}Based on the case study data, calculate the Loss on the sale of old furniture:
Q19easymcqAccountancyCUET Accountancy 2023 20 June Shift 22026
Which of the following items are part of Intangible non-current Assets?A. PatentsB. FurnitureC. Statement of Profit & Loss A/c (Dr)D. GoodwillE. TrademarkChoose the correct answer from the options given below:
Q20easymcqAccountancyCUET Accountancy 2023 20 June Shift 22026
Arrange the following items in the correct order of presentation within the Statement of Profit and Loss.A. Other incomeB. ExpensesC. Total RevenueD. Revenue from operationsE. Profit before tax and extraordinary itemsChoose the correct answer from the options given below:
Q21easymcqAccountancyCUET Accountancy 2023 20 June Shift 22026
\textbf{Case Study Description:}Review the Trial Balance and accompanying details provided by a school for the fiscal year ended 31st March 2017:\begin{tabular}{|l|r|l|r|}\hline\textbf{Debit Balance} & \textbf{Amount (Rs.)} & \textbf{Credit Balance} & \textbf{Amount (Rs.)} \ \hlineBuilding & 6,25,000 & Admission fees & 12,500 \ \hlineFurniture & 1,00,000 & Tuition fees received & 5,00,000 \ \hlineLibrary Books & 1,50,000 & Creditors for supplies & 15,000 \ \hlineInvestment @12% & 5,00,000 & Rent for the school hall & 10,000 \ \hlineSalaries & 5,00,000 & Miscellaneous receipts & 30,000 \ \hlineStationery & 40,000 & Government grant & 3,50,000 \ \hlineGeneral expenses & 18,000 & General fund & 10,00,000 \ \hlineSports expenses & 15,000 & Donation for library books & 62,500 \ \hlineCash at bank & 50,000 & Sale of old furniture & 20,000 \ \hlineCash in hand & 2,000 & & \ \hline\textbf{Total} & \textbf{20,00,000} & \textbf{Total} & \textbf{20,00,000} \ \hline\end{tabular}\textbf{Additional Information:}\begin{enumerate}\item Tuition fees outstanding/yet to be received for the year are .\item Salaries outstanding/yet to be paid amount to .\item Furniture costing was purchased on October 1, 2016.\item The book value of the furniture sold was on April 1, 2016.\item Depreciation is to be charged at on furniture, on Library books, and on building.\end{enumerate}Calculate the total Tuition Fee Income to be credited to the Income and Expenditure Account:
Q22mediummcqAccountancyCUET Accountancy 2023 20 June Shift 22026
The following are items appearing on the Equities and Liabilities side of the Balance Sheet:A. Deferred tax Assets (Net)B. Reserve and SurplusC. Deferred tax Liabilities (Net)D. Long term borrowingsE. Long term loans and AdvancesChoose the correct answer from the options given below:
Q23easymcqAccountancyCUET Accountancy 2023 20 June Shift 22026
Match List I with List II:\begin{tabular}{|l|l|}\hline\textbf{LIST I} & \textbf{LIST II} \ \hlineA. Capital Reserve & I. Current Assets \ \hlineB. Inventories & II. Non-Current Liabilities \ \hlineC. Debentures & III. Current Liabilities \ \hlineD. Provision for tax & IV. Reserve and Surplus \ \hline\end{tabular}Choose the correct answer from the options given below:
Q24hardmcqAccountancyCUET Accountancy 2023 20 June Shift 22026
\textbf{Case Study Description:}Review the Trial Balance and accompanying details provided by a school for the fiscal year ended 31st March 2017:\begin{tabular}{|l|r|l|r|}\hline\textbf{Debit Balance} & \textbf{Amount (Rs.)} & \textbf{Credit Balance} & \textbf{Amount (Rs.)} \ \hlineBuilding & 6,25,000 & Admission fees & 12,500 \ \hlineFurniture & 1,00,000 & Tuition fees received & 5,00,000 \ \hlineLibrary Books & 1,50,000 & Creditors for supplies & 15,000 \ \hlineInvestment @12% & 5,00,000 & Rent for the school hall & 10,000 \ \hlineSalaries & 5,00,000 & Miscellaneous receipts & 30,000 \ \hlineStationery & 40,000 & Government grant & 3,50,000 \ \hlineGeneral expenses & 18,000 & General fund & 10,00,000 \ \hlineSports expenses & 15,000 & Donation for library books & 62,500 \ \hlineCash at bank & 50,000 & Sale of old furniture & 20,000 \ \hlineCash in hand & 2,000 & & \ \hline\textbf{Total} & \textbf{20,00,000} & \textbf{Total} & \textbf{20,00,000} \ \hline\end{tabular}\textbf{Additional Information:}\begin{enumerate}\item Tuition fees outstanding/yet to be received for the year are .\item Salaries outstanding/yet to be paid amount to .\item Furniture costing was purchased on October 1, 2016.\item The book value of the furniture sold was on April 1, 2016.\item Depreciation is to be charged at on furniture, on Library books, and on building.\end{enumerate}Based on the case study data, calculate the total Depreciation on furniture for the year:
Q25easymcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Intangible assets should be recognised by fulfilling the criteria as recognised under:
Q26mediummcqAccountancyCUET Accountancy 2023 11 June Shift 32026
If the credit side of Receipt and Payment A/c is more than the debit side then the difference will be shown as:
Q27easymcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
An Independent Statutory Auditor issues their formal Audit Opinion and Annual Report addressing it directly to the:
Q28easymcqAccountancyCUET Accountancy 2025 3 June Shift 22026
Which among the following items does not appear on the main face of the balance sheet of a company?
Q29easymcqAccountancyCUET Accountancy 2025 3 June Shift 12026
Reserve and surplus are shown under the _________________________ in the balance sheet of a company.
Q30easymcqAccountancyCUET Accountancy 2025 30 May Shift 22026
Which among the following is NOT TRUE about the financial statement?
Q31easymcqAccountancyCUET Accountancy2026
Arrange the following items in the correct sequence as they appear under the 'Equity and Liabilities' section in the Balance Sheet of a company:(A) Non-current Liabilities(B) Shareholder's Funds(C) Current Liabilities(D) Contingent liabilitiesChoose the correct answer from the options given below:
Q32mediummcqAccountancyCUET Accountancy2026
An annual report is formally issued by a corporate enterprise to its ______.
Q33easymcqAccountancyCUET Accountancy 2025 24 May Shift 12026
Match List-I with List-IIList-I (Expenses)List-II (Explanation)(A) Purchase of Stock-in-trade(I) Expenses towards interest charges during the year on the borrowings(B) Employees benefit expenses(II) Diminution in the value of fixed assets(C) Finance cost(III) Purchases of goods for the purpose of trading(D) Depreciation(IV) Expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc.Choose the correct answer from the options given below:
Q34easymcqAccountancyCUET Accountancy 2025 22 May Shift 12026
While preparing financial statements on certain basic assumptions such as going concern, money measurement, and realization etc, they are known as:
Q35easymcqAccountancyCUET Accountancy 2025 22 May Shift 12026
Which accounting standard is applicable for recognizing intangible assets?
Q36easymcqAccountancyCUET Accountancy 2025 13 May Shift 22026
Match List-I with List-II as per Schedule III of the Companies Act, 2013:List-IList-II(A) SHAREHOLDERS FUND(I) Non-current investments(B) CURRENT LIABILITIES(II) Reserves and Surplus(C) CURRENT ASSET(III) Trade Payables(D) FIXED ASSET(IV) InventoriesChoose the correct answer from the options given below:
Q37mediummcqAccountancyCUET Accountancy2026
According to the manner prescribed in the revised Schedule III to the Companies Act, 2013, the particulars of the balance sheet will appear in which top-to-bottom relative order?(A) Deferred tax assets(B) Deferred tax liabilities(C) Reserves and Surplus(D) Short-term provisionsChoose the correct answer from the options given below:
Q38mediummcqAccountancyCUET Accountancy2026
In order to bring clarity regarding the identity of ultimate owners of a company, disclosure of shares in the company held by each shareholder is required for anyone holding more than _____ of the shares, specifying the exact number of shares held.
Q39mediummcqAccountancyCUET Accountancy2026
Which of the following items are included under the head "Reserves and Surplus" in a company balance sheet?(A) Securities Premium Reserve(B) Revaluation Reserve(C) Share Options Outstanding Account(D) Reserve CapitalChoose the correct answer from the options given below:
Q40mediummcqAccountancyCUET Accountancy2026
Match List-I with List-II:List-IList-II(A) Accounting Standard Rules(I) 2013(B) Companies Act(II) 1932(C) Financial Statement of Company(III) 2006(D) Partnership Act(IV) Schedule IIIChoose the correct answer from the options given below:
Q41easymcqAccountancyCUET Accountancy2026
Match List-I with List-II:List-IList-II(A) AS-3(I) Statement of profit & loss(B) Schedule III of Companies Act(II) Cash flow statement(C) Financial status of the undertaking(III) Final accounts of company(D) Performance report(IV) Balance sheetChoose the correct answer from the options given below:
Q42easymcqCUET AccountancyCUET Accountancy 2025 15 May Shift 12026
Match List-I with List-IIList-IList-II(A) Reserves and Surplus(I) Share Options Outstanding Account(B) Non-current Liabilities(II) Long term provisions(C) Current Liabilities(III) Short-term borrowing(D) Shareholder's Fund(IV) Calls in arrearChoose the correct answer from the options given below:
Q43easymcqAccountancyCUET Accountancy 2025 13 May Shift 22026
A Balance Sheet provides specific operational insights regarding the financial position of an enterprise:
Q44mediummcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
From the following information calculate how much amount of depreciation will be shown in the Income and Expenditure A/c for the year 2021-22 :ParticularsAs on 31 March, 2021As on 31 March, 2022FurnitureRs. Rs. Furniture worth Rs. was sold for Rs. on 1 April, 2021.
Q45easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Income and Expenditure Account is prepared on (a)_________ basis, while Receipts and Payments Account is prepared on (b)_________ basis.
Q46easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
The closing balance of Receipts and Payments Account depicts _________.
Q47mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Payment made for stationary during the year 2021 - 22 is Rs. 46,000.Stock of stationary as on 1-4-2021 Rs. 8,000Stock of stationary as on 31-3-2022 Rs. 6,000Advance for stationary as on 1-4-2021 Rs. 18,000Advance for stationary as on 31-3-2022 Rs. 5,000What will be the amount of stationary consumed during the year 2021 - 22?
Q48easymcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Financial statements are:
Q49mediummcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Which one of the following is not true?
Q50hardmcqAccountancyCUET Accountancy 2022 8 Aug Shift 22026
Which one of the following items will be added in debit balance of cash book in the preparation of bank reconciliation statement?
Q51mediummcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Calculate prize fund expenses incurred during the year 2021-22 from the following informationPrize fund as on 1 April, 2021 Rs. Donation received for Prize Fund Rs. Prize Fund Investment Rs. Interest Received Rs. Interest Accrued Rs. Prize fund as on 31 March, 2022 Rs.
Q52hardmcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Calculate subscription received during the year 2021-22 from the following information :Amount of subscription credited to Income and Expenditure A/c for the year ended 2021-22 Rs. Subscription received in advances as on 31 March, 2022 Rs. Subscription received in advances as on 31 March, 2021 Rs. Subscription outstanding as on 31 March, 2021 Rs. Subscription outstanding as on 31 March, 2022 Rs.
Q53easymcqAccountancyCUET Accountancy 2022 20 July Shift 12026
Match List - I with List - II
image
Choose the correct answer from the options given below:
Q54hardmcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Value of government securities as at 31 March 2021 was Rs. which were purchased at that date at par. Additional securities worth Rs. were purchased on 31 March, 2022. Total interest debited to receipts and payments A/c during the year on the above securities is Rs. . calculate Accrued interest on 31 March, 2022.
Q55easymcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Match List - I with List - II.List - I ||| List - II(A) Receipts and Payment A/c ||| (I) Special fund(B) Capital receipt ||| (II) Life membership fees(C) Match fund ||| (III) Accrual basis(D) Income and Expenditure A/c ||| (IV) Cash basisChoose the correct answer from the options given below :
Q56mediummcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Which among the following items appear in the Receipt and Payment Account ?(A) Life membership fees(B) Depreciation of fixed assets(C) Provision of doubtful debts(D) Profit/loss on sale of fixed assetsChoose the correct answer from the options given below :
Q57easymcqAccountancyCUET Accountancy 2022 23 Aug Shift 2 PYQs2026
Which of the following is not included in Non-current liabilities, while preparing a Balance Sheet of a company :
Q58mediummcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Identify the correct sequence of current assets in company's Balance sheet?A. Bills ReceivablesB. Cash & cash equivalentsC. Short term loans & advancesD. InventoriesE. Current investments Choose the correct answer from the options given below:
Q59mediummcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Identify the components of equity:A. Money received against share warrantsB. Working capitalC. Share capitalD. Reserves & surplusE. Cash Revenue from operationsChoose the correct answer from the options given below:
Q60mediummcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Identify the limitations of financial statements :A. Can be biasedB. Report on stewardship functionC. Aggregate informationD. Only interim reportsE. Basis of fiscal policiesChoose the correct answer from the options given below:
Q61mediummcqAccountancyCUET Accountancy 2023 29 May Shift 22026
What is the correct top-to-bottom sequence to prepare a company's Balance Sheet as per the standard format given according to Schedule III of the Companies Act, 2013?A. Non-Current LiabilityB. Non-Current AssetsC. Shareholders' FundsD. Current AssetsE. Current LiabilityChoose the correct answer from the options given below:
Q62easymcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Non-Cash transactions will be excluded from:
Q63mediummcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Arrange the following items of statement of profit and Loss in a sequence.(A) Total Revenue(B) Revenue from Operations(C) Other Income(D) Expenses(E) Profit Before TaxChoose the correct answer from the options given below:
Q64mediummcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Calculate subscription of current year to be credited to Income and Expenditure account from the following information:Subscription Received Rs. , Subscription Received in Advance Last year Rs. , Subscription Received in Advance during this year Rs. and Accrued Subscription at the end of current year Rs. :
Q65mediummcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Match List I with List IILIST I: Major HeadA. Fixed assetsB. Current AssetsC. Current LiabilitiesD. Shareholder's FundsLIST II: Sub HeadI. Short term provisionsII. Money received against share warrantsIII. Non current investmentIV. InventoriesChoose the correct answer from the options given below:
Q66easymcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Subscription Received in Advance is a:
Q67mediummcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Match List - I with List - II.
|l - I & - II \\ (A) Share Capital & (I) 10% debenture \\ (B) Reserve and Surplus & (II) Interest accrued and due \\ (C) Non-current Liability & (III) Share forfeited account \\ (D) Current Liability & (IV) Capital Redemption Reserve
Choose the correct answer from the options given below:
Q68easymcqAccountancyCUET Accountancy 2023 29 May Shift 22026
Identify the specific term that indicates the excess of operating Expenditure over Income in the case of a Not-for-Profit Organisation.
Q69easymcqAccountancyCUET Accountancy 2023 29 May Shift 22026
Identify the term that is used to show the amount received as per the will of a deceased person in Not-for-Profit Organisations.
Q70hardmcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Identify the correct sequence of different items to be shown in a Balance-Sheet of a company.(A) Trade payable(B) Non-Current Investments(C) Deferred tax Liabilities(D) Intangible Assets(E) Long term borrowingChoose the correct answer from the options given below:
Q71mediummcqAccountancyCUET Accountancy 2023 29 May Shift 22026
Trade payables to be settled beyond 12 months from the date of Balance Sheet or beyond the operating cycle are classified under which main head/sub-head?
Q72easymcqAccountancyCUET Accountancy 2023 29 May Shift 22026
Select the sub-head under which loose tools will be shown in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013.
Q73hardmcqAccountancyCUET Accountancy 2023 29 May Shift 22026
Match List I with List II regarding corporate accounting classifications under Schedule III of the Companies Act, 2013:List IA. Current Maturities of long term DebtB. Securities PremiumC. Outstanding salariesD. Premium on Redemption of DebenturesList III. Other Non-Current LiabilitiesII. Short term BorrowingIII. Other Current LiabilityIV. Reserves and SurplusChoose the correct answer from the options given below:
Q74mediummcqAccountancyCUET Accountancy 2023 29 May Shift 22026
Match List I with List II as per Statement of Profit and Loss of a company under Schedule III of Companies Act, 2013:List IA. Interest chargesB. Sale of servicesC. SalaryD. Dividend IncomeList III. Employee Benefit ExpensesII. Other IncomeIII. Revenue from OperationsIV. Finance CostChoose the correct answer from the options given below:
Q75mediummcqAccountancyCUET Accountancy 2023 29 May Shift 22026
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:
Q76mediummcqAccountancyCUET Accountancy 2023 28 May Shift 12026
Calculate the total cost of medicines consumed during the financial year 2020-21 based on the following information:
Q77mediummcqAccountancyCUET Accountancy 2022 20 July Shift 12026
The Receipts and Payments Account of Lead Sports Club showed payment for sports materials as Rs. 46,000 for the year ended 31st March 2022.
Additional Information provided is as follows:
image
Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.

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