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CUET Accountancy 2022 PYQs20 Aug Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2022 20 Aug Shift 2

Cash Flow

past year questions, Financial Statements, CUET Accountancy 2022 20 Aug Shift 2

Medium

Following items are categorised under Operating Activities:

A. Purchase of Goodwill

B. Transfer to General Reserve

C. Issue of fresh shares

D. Gain on sale of machinery

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

For computing Cash from Operating activities using indirect method, non-operating items are adjusted to Net Profit. Transfer to General Reserve (B) is added back as it is an appropriation of profit, and Gain on sale of machinery (D) is deducted as it is an investing activity gain. Purchase of Goodwill is investing; Issue of shares is financing.

Related questions:

2022: 30 Aug Shift 2

Match List I with List II

LIST ILIST II
A.Cash EquivalentsI.Interim Dividend paid
B.Financing ActivitiesII.Selling & Distribution expenses paid
C.Operating ActivitiesIII.Marketable securities
D.Investing ActivitiesIV.Dividend received on Shares held as investment

Choose the correct answer from the options given below:

2022: 20 July Shift 1

Calculate the amount of cash generated from operations from the following information :

Particulars(Rs.)
Profit before change in working capital2,00,000
Depreciation on plant and Machinery20,000
Gain on sale of Building10,000
Increase in trade Paybles4,500
Increase in trade Receivables3,500
Interest paid2,225
Decrease in Inventories3,750
Redemption of 10% Debentures80,000

2023: 28 May Shift 1

Cash equivalents refers to :

(A) Demand deposits with Bank

(B) Bills receivables

(C) Treasury bill

(D) Commercial Paper

(E) Marketable Securities

Choose the correct answer from the options given below :

2023: 29 May Shift 2

Separate disclosure of cash flow arising from Financial Activities is important because

2025: 14 May Shift 1

Arrange different Classification of Activities for the Preparation of Cash Flow Statement-

(A) Cash and Cash equivalents

(B) Cash flow from Financing Activities

(C) Cash flow from Investing Activities

(D) Cash flow from Operating Activities

Choose the correct answer from the options given below:

2022: 8 Aug Shift 2

If a machinery is purchased, how will it be treated while preparing the cash flow statement as per AS-3 (Revised)?

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CUET Accountancy Past Year Questions (Topic-Wise)