CUET Accountancy - If there appears a Tournament Fund, then the expenses incurred on Tournament activities will be shown : | PYQs + Solutions

CUET Accountancy 2023 28 May Shift 1

Financial Statements

Easy

on the debit side of Income and Expenditure Account

on the credit side of Income and Expenditure Account

by way of adding to the Tournament Fund

by way of subtracting/deducting from Tournament Fund

✅ Correct Option: 4

Related questions:

29 May Shift 2

Match List I with List II

LIST I	LIST II
A. Current Maturities of long term Debt	I. Other Non-Current Liabilities
B. Securities Premium	II. Short term Borrowing
C. Outstanding salaries	III. Other Current Liability
D. Premium on Redemption of Debentures	IV. Reserves and Surplus

Choose the correct answer from the options given below:

CUET Accountancy 2024 Slot 1

Window dressing is a practice

11 June Shift 3

What will be the accounting treatment of outstanding expenses in the Income and Expenditure A/c.

(A) Added in main or concerned head

(B) Subtracted from main head

(D) Will not be shown in Income and Expenditure A/c

(E) Shown in Receipt and Payment A/c only

Choose the correct answer from the options given below :

CUET Accountancy 2023 28 May Shift 1 PYQs