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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

Medium

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.

Solution

✅ Correct Option: 2

Purchases = Payment + Closing Creditors - Opening Creditors = 46,000 + 5,000 - 18,000 = 33,000. Sports Materials Consumed = Opening Stock + Purchases - Closing Stock = 8,000 + 33,000 - 6,000 = 35,000.

Related questions:

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List-IList-II
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2025: 16 May Shift 1

Arrange the given items in proper order

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2025: 24 May Shift 1

Match List-I with List-II

List-IList-II
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2025: 14 May Shift 1

Match List-I with List-II

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2022: 23 Aug Shift 2

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Choose the correct answer from the options given below :

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