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CUET Accountancy 2025 PYQs15 May Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2025 15 May Shift 2

Analysis

past year questions, Financial Statements, CUET Accountancy 2025 15 May Shift 2

Easy

Based on the information provided below, compute and answer

Comparative Balance Sheet of Amrit Limited

as at March 31, 2023 and March 31, 2024

(Rs. in Lakhs)

ParticularsMarch 31, 2023March 31, 2024Absolute Increase (+) or Decrease (–)Percentage Increase (+) or Decrease (–)
I. Equity and Liabilities
Shareholders’ Funds
Share capital15205……
Reserves and surplus14……(1)(7.14)
Non-current liabilities
Long-term borrowings……19318.75
Current liabilities
Trade payables23150
Total4755817.02
II. Assets
Non-current assets
Fixed assets
Tangible assets15……533.33
Intangible assets1619318.75
Current assets
Inventories1413(1)(7.14)
Cash and Cash Equivalents231……
Total4755817.02

Value of reserves and surplus on 31 March 2024 stood at

Solution

✅ Correct Option: 3

Value at 31st March 2023 = 14,00,000

Absolute decrease = 1,00,000

Value at 31st March 2024 = 14,00,000 - 1,00,000 = 13,00,000

Related questions:

2025: 26 May Shift 2

Arrange the following steps to prepare the Comparative Statements-

(A) List out absolute figures in rupees relating to two points of time

(B) Prepare the format

(C) Find out the change in absolute figures by subtracting the first year from the second year and indicate the change as increase or decrease.

(D) Calculate the percentage change

Choose the correct answer from the options given below:

2025: 15 May Shift 2

Percentage change in cash and cash equivalents

2026: 13 May Shift 2

The_________________ is useful for both, intra-firm comparisons over different years and inter-firm comparisons for the same year or for several years.

2025: 27 May Shift 1

Match List-I with List-II

List-IList-II
(A) Comparative statements(I) Operating Activities
(B) Common Size Statement(II) Horizontal Analysis
(C) Cash flow Analysis(III) Debt Equity Ratio
(D) Ratio Analysis(IV) Vertical Analysis

Choose the correct answer from the options given below:

  1. (A) - (II), (B) - (IV), (C) - (I), (D) - (III)
  2. (A) - (IV), (B) - (II), (C) - (I), (D) - (III)
  3. (A) - (II), (B) - (III), (C) - (IV), (D) - (I)
  4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

2026: 23 May Shift 2

Which of the following is not a tool of financial statement analysis?

2023: 20 June Shift 2

Match List I with List II

LIST ILIST II
A. Horizontal AnalysisI. Common size statement
B. Vertical AnalysisII. Comparative statement
C. External AnalysisIII. Access to all published and unpublished information
D. Internal analysisIV. Access only to published information

Choose the correct answer from the options given below:

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