AfterBoards Logo
Skip to main contentSkip to solution

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

Match List - I with List - II

List - IList - II
(a) Honorarium(i) Asset side of balance sheet
(b) Life Membership Fees(ii) Credited to Income and Expenditure Account
(c) General Donations(iii) Debited to Income and Expenditure Account
(d) Outstanding subscription(iv) Credited to Capital Fund

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 1

Honorarium is a payment for voluntary services, treated as expense, debited to I and E A/c (iii). Life Membership Fees are capitalised, credited to Capital Fund (iv). General Donations are revenue, credited to I and E A/c (ii). Outstanding subscription is receivable, shown as asset in Balance Sheet (i).

Related questions:

2022: 20 July Shift 1

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 :

Details31st March 202131st March 2022
Stock of sports MaterialsRs. 8,000Rs. 6,000
CreditorsRs. 18,000Rs. 5,000

Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.

2026: 13 May Shift 1

Arrange the following Current Liabilities in sequence as per Balance Sheet Format.

(A) Short-term borrowings

(B) Trade payables

(C) Other current liabilities

(D) Short-term provisions

Choose the correct answer from the options given below:

2022: 20 July Shift 1

The closing balance of Receipts and Payments Account depicts _________.

2026: 23 May Shift 2

Arrange the following current assets in the correct sequence to be shown in the Balance Sheet as per Revised Schedule III to the Companies Act, 2013.

A. Inventories

B. Cash and Cash equivalents

C. Current Investments

D. Trade receivables

Choose the correct answer from the options given below:

2025: 27 May Shift 2

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

2025: 30 May Shift 1

The items in the "statement of profit and loss", for the Revenue from operations DON'T include: If it is a non-finance company

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Accountancy Past Year Questions (Topic-Wise)