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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

Cash Flow

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

Medium

Arrange the following items to be in order while making Cash Flow Statement as per AS.3

(a) Income Tax paid

(b) Purchase of Furniture

(c) Good will written off

(d) Debentures issued

(e) Shares purchased

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 1

As per AS-3, activities follow the order Operating, Investing, Financing. Operating: (c) Goodwill written off, (a) Income Tax paid. Investing: (b) Purchase of Furniture, (e) Shares purchased (investment). Financing: (d) Debentures issued. Correct sequence: (c), (a), (b), (e), (d).

Related questions:

2023: 29 May Shift 2

Find out cash form financing Activities from the following information.

ItemAmount
Issue of Equity SharesRs. 80,000
Redemption of Preference SharesRs. 30,000
Interim Dividend PaidRs. 25,000
Interest on DebenturesRs. 15,000
Issue of DebenturesRs. 30,000

2022: 8 Aug Shift 2

Which one of the following activities relate to financing activities?

2023: 28 May Shift 1

Match List - I with List - II.

List - IList - II
(A) The Accounting basis for Cash Flow Statement is(I) Investment in shares
(B) Dividend paid on Equity and Preference capital comes under(II) Cash Basis
(C) It can not be considered as cash and cash equivalents(III) Treasury bills
(D) It can be classified as cash and cash equivalents(IV) Cash outflow from Financing Activities

Choose the correct answer from the options given below :

2023: 29 May Shift 2

Which of the following will be added to operating profit before working capital changes, while preparing Cash Flow statement from indirect method?

2023: 29 May Shift 2

W Ltd has given you following information

ItemAmount
Machinery (opening Balance)Rs. 50,000
Machinery (closing Balance)Rs. 60,000
Accumulated Depreciation (opening balance)Rs. 25,000
Accumulated Depreciation (closing balance)Rs. 15,000

During the year, a machine costing Rs. 25,000 with accumulated depreciation of Rs. 15,000 was sold for Rs. 13,000. Calculate Cash Flow from Investing Activity

2022: 15 July Shift 2

Match List I with List II

List IList II
A. Operating ActivitiesI. Issue of shares
B. Investing ActivitiesII. Bank Balance
C. Financing ActivitiesIII. Sale and purchase of goods and services
D. Cash and cash equivalentIV. Buying of fixed assets

Choose the correct answer from the options given below:

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CUET Accountancy Past Year Questions (Topic-Wise)