CUET Accountancy - Window dressing is a practice | PYQs + Solutions

CUET Accountancy

Financial Statements

Easy

to manipulate the accounts to show a better picture of the financial position than the actual one

to show excessive depreciation

to avoid tax

to reduce tax

✅ Correct Option: 1

Related questions:

27 May Shift 1

Arrange the following in correct sequence in preparation of the Balance sheet of a company.

(A) Non-current Liabilities

(B) Shareholder's Funds

(D) Contingent liabilities

Choose the correct answer from the options given below:

24 May Shift 1

Match List-I with List-II

List-I	List-II
Expenses incurred to earn the income	Explanation
(A). Purchase of Stock-in-trade	(I). Expenses towards interest charges during the year on the borrowings
(B). Employees benefit expenses	(II). Diminution in the value of fixed assets
(C). Finance cost	(III). Purchases of goods for the purpose of trading
(D). Depreciation	(IV). Expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc

Choose the correct answer from the options given below:

20 July Shift 1

Income ad Expenditure Account is prepared on (a)_________ basis, while Receipts and Payments Account is prepared on (b)_________ basis.

CUET Accountancy PYQs