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CUET Accountancy 2022 PYQs15 July Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2022 15 July Shift 2

Cash Flow

past year questions, Financial Statements, CUET Accountancy 2022 15 July Shift 2

Medium

Interest paid on debentures by a manufacturing company would be

Solution

✅ Correct Option: 1

Under the indirect method, interest on debentures charged in the Statement of Profit and Loss is added back while computing operating cash flow (since it is a non-operating expense). The actual interest paid is then shown as a cash outflow under financing activities. Hence, it is added in operating and subtracted (outflow) in financing.

Related questions:

2022: 20 Aug Shift 2

Which among the following are the non-cash items?

A. Deferred Tax

B. Goodwill write-off

C. Depreciation

D. Increase in Stock

Choose the correct answer from the options given below:

2022: 20 Aug Shift 2

Following items are categorised under Operating Activities:

A. Purchase of Goodwill

B. Transfer to General Reserve

C. Issue of fresh shares

D. Gain on sale of machinery

Choose the correct answer from the options given below:

2023: 20 June Shift 2

ParticularsAmount (Rs.)
Inventory at the beginning40,000
Credit Purchase1,60,000
Inventory at the end38,000
Trade payable at the beginning14,000
Trade payable at the end14,500

Cash paid for inventory is:

2022: 23 Aug Shift 2

Match List - I with List - II.

List - IList - II
(A) Operating Activities(I) Issue of equity shares
(B) Investing Activities(II) Purchase of Marketable securities
(C) Financing Activities(III) Cash sales
(D) Cash Equivalent(IV) Purchase of fixed assets

Choose the correct answer from the options given below :

2022: 20 Aug Shift 2

Operating Profit before working capital changes will be Rs. ________

2025: 15 May Shift 1

Match List-I with List-II

List-IList-II
(A) Cash Outflows from financing activities(I) Redemption of debentures
(B) Cash Inflows from operating activities(II) Current Investment
(C) Cash and cash equivalents(III) Cash from royalties, fees, commissions and other revenues
(D) Cash Inflows from investing activities(IV) Cash receipt from disposal of fixed assets including intangibles

Choose the correct answer from the options given below:

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