Financial statements are: Option 1: anticipated facts Option 2: recorded facts Option 3: estimated facts Option 4: analysed facts

The answer is 'recorded facts'. View full solution:

CUET Accountancy - Financial statements are: | PYQs + Solutions

CUET Accountancy 2022 8 Aug Shift 2

Financial Statements

Easy

anticipated facts

recorded facts

estimated facts

analysed facts

✅ Correct Option: 2

Related questions:

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 :

Details	31st March 2021	31st March 2022
Stock of sports Materials	Rs. 8,000	Rs. 6,000
Creditors	Rs. 18,000	Rs. 5,000

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

8 Aug Shift 2

Which one of the following is not true?

28 May Shift 1

Other income is Rs. 5,00,000 which is 25% of Revenue from operations. Employees benefit Expenses are 30% of the Revenue from operation. Tax rate is 40%. Net profit after tax will be :

CUET Accountancy 2022 8 Aug Shift 2 PYQs

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