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CUET Accountancy 2022 PYQs23 Aug Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2022 23 Aug Shift 2

Ratios

past year questions, Financial Statements, CUET Accountancy 2022 23 Aug Shift 2

Easy

For calculating EPS, the following order will be followed.

(A) Calculate number of equity shares

(B) Calculate earning available for equity share holders

(C) Compute profit after tax

(D) Compute EPS

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 1

Steps: first compute Profit After Tax (C), then deduct preference dividend to get earnings available to equity shareholders (B), next determine the number of equity shares (A), and finally compute EPS by dividing (B) by (A), giving (D).

Related questions:

2022: 16 July Shift 2

If there are Fixed assets of Rs.10,00,00 Current assets of Rs.6,00,000, Current liabilities of Rs.3,00,000 and Net profit before Interest and Tax of Rs.2,60,000; then Return on Investment will be:

2026: 12 May Shift 1

Simrit Ltd. has a current ratio of 3.5:1 and quick ratio of 2:1. If excess of current assets over quick assets as represented by inventories is Rs. 24,000, What will be the current assets in this case?

2022: 30 Aug Shift 2

What are the different types of liquidity ratios

A. Interest coverage ratio

B. Current ratio

C. Inventory turnover ratio

D. Gross profit ratio

E. Acid test ratio

Choose the correct answer from the options given below:

2022: 16 July Shift 2

Match List I with List II

List IList II
A. Debt Equity RatioI. Primarily indicates the rate of external funds in financing assets.
B. Total assets to Debt ratioII. Higher proportion provides security to creditors
C. Proprietary ratioIII. It reveals the efficiency of business in utilization of funds
D. Return on InvestmentIV. It measures degree of indebtness of an enterprise

Choose the correct answer from the options given below:

2025: 15 May Shift 1

A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit.

2025: 30 May Shift 2

Calculate the Current Ratio from the following information:

Particulars(Rs.)
Inventories50,000
Trade receivables50,000
Advance tax4,000
Cash and cash equivalant30,000
Trade payables1,00,000
Short-term borrowings (bank overdraft)4,000

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CUET Accountancy Past Year Questions (Topic-Wise)