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CUET Accountancy 2023 PYQs28 May Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2023 28 May Shift 1

Cash Flow

past year questions, Financial Statements, CUET Accountancy 2023 28 May Shift 1

Medium

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 :

Solution

✅ Correct Option: 1

As per AS-3, cash equivalents are short-term highly liquid investments. Demand deposits, Treasury bills, Commercial Paper and Marketable Securities qualify. Bills receivable are trade receivables, not cash equivalents. Hence (A), (C), (D) and (E) only.

Related questions:

2024

While preparing Cash Flow Statement, purchase of goodwill is treated as:

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?

2022: 16 July Shift 2

Match the following with regard to Cash Flow Statement

List IList II
A. Operating activityI. Raising of loan
B. Investing activityII. Current investment
C. Financing activityIII. Selling of investment
D. Cash and Cash equivalentIV. Buying of raw material

Choose the correct answer from the options given below:

2022: 15 July Shift 2

Cash Advance and Loan made to third party (other than made by financial enterprise) is

2024

Arrange the following in proper sequence while preparing Cash Flow Statement:

2022: 20 Aug Shift 2

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:

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CUET Accountancy Past Year Questions (Topic-Wise)