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:

16 May Shift 1

Fixed deposit for the term of five years will come under which of the following?

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:

23 Aug Shift 2

Value of 12% government securities as at 31 March 2021 was Rs. 85,000 which were purchased at that date at par. Additional 12% securities worth Rs. 50,000 were purchased on 31 March, 2022. Total interest debited to receipts and payments A/c during the year on the above securities is Rs. 9,000 calculate Accrued interest on 31 March, 2022.

CUET Accountancy PYQs

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