CUET Accountancy - The items in the "statement of profit and loss | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 1

Financial Statements

Easy

Financial Statements

Sale of products

Interest income

Sale of services

Other operating revenues

✅ Correct Option: 2

Related questions:

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:

CUET Accountancy 2024 Slot 1

Window dressing is a practice

2 June Shift 2

As per AS-26 assets like goodwill should be written off .

CUET Accountancy 2025 30 May Shift 1 PYQs