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CUET Accountancy 2023 PYQs11 June Shift 3. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2023 11 June Shift 3

Cash Flow

past year questions, Financial Statements, CUET Accountancy 2023 11 June Shift 3

Easy

Calculate the amount of cash from sale of machinery from the following items :

A machine costing Rs. 20,000 having book value of Rs. 15,000 is sold for Rs. 12,000 and depreciation charged during the year was Rs. 8,000. The opening and closing balance in machinery account was Rs. 1,80,000 and Rs. 1,72,000 respectively.

Solution

✅ Correct Option: 1

Cash from sale of machinery equals the sale price, which is Rs. 12,000 (as given directly in the problem). The other data (book value, depreciation, opening/closing balances) is extraneous for this specific calculation.

Related questions:

2023: 20 June Shift 2

Arrange the following in the context of Cash Flow Statement

A. Calculation of cash flow from Operating Activities

B. Calculation of cash flow from Financing Activities

C. Calculations of net increase/decrease in cash and cash equivalent during the year

D. Calculation of cash flow from Investing Activities

E. Calculation of net profit before tax and extraordinary item

Choose the correct answer from the options given below:

2025: 13 May Shift 2

Arrange As Appear In Cash Flow Statement-

(A) Investing activities

(B) Operating activities

(C) Financing Activities

(D) Cash and cash equivalents

Choose the correct answer from the options given below:

2026: 12 May Shift 1

Out of the following which one is not cash outflows from operating activities?

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: 16 July Shift 2

Which of the following is an in flow of cash in financing activity?

2026: 6 June Shift 1

Match List-I with List-II

List-IList-II
(A) Acquisition of Machinery by Issue of Equity Shares(I) Investing Activities
(B) Purchase of Machinery for cash(II) Non-cash Item
(C) Amortisation of Goodwill(III) Financing Activities
(D) Repayment of Bank Loan(IV) Operating Activities

Choose the correct answer from the options given below:

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