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CUET Accountancy 2022 PYQs20 July Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2022 20 July Shift 1

Nature/Structure

past year questions, Financial Statements, CUET Accountancy 2022 20 July Shift 1

Easy

The closing balance of Receipts and Payments Account depicts _________.

Solution

✅ Correct Option: 3

Receipts and Payments Account is a summarised cash book for a not-for-profit organisation. Its closing balance shows the balance of cash and bank available at the end of the accounting period, not profit or loss.

Related questions:

2025: 16 May Shift 1

Arrange the given items in proper order

(A) Finance cost

(B) purchase of Stock in Trade

(C) Cost of material consumed

(D) Employee Benefit Expenses

Choose the correct answer from the options given below:

2022: 8 Aug Shift 2

Financial statements are:

2022: 23 Aug Shift 2

Match List - I with List - II.

List - IList - 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 basis

Choose the correct answer from the options given below :

2025: 30 May Shift 1

Which among the following is NOT the feature of the Presentation of the Financial Statement?

2023: 11 June Shift 3

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 borrowing

Choose the correct answer from the options given below :

2023: 28 May Shift 1

Find out cost of medicine consumed during 2020-21.

ParticularsAmount (Rs.)
Payment to creditors of medicines3,70,000
Creditors for medicines purchased on 1.04.202025,000
Creditors for medicines purchased on 31.03.202117,000
Stock of Medicines on 1.04.202062,000
Stock of Medicines on 31.03.202154,000
Advance to suppliers on 1.04.202011,000
Advance to suppliers on 31.03.202118,000

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