CUET Accountancy: Financial StatementsNature/Structure. Free, no login required.

Identify the components of equity:

A. Money received against share warrants

B. Working capital

C. Share capital

D. Reserves & surplus

E. Cash Revenue from operations

Choose the correct answer from the options given below:

Identify the correct sequence of current assets in company's Balance sheet?

A. Bills Receivables

B. Cash & cash equivalents

C. Short term loans & advances

D. Inventories

E. Current investments

Choose the correct answer from the options given below:

Which of the following is not included in Non-current liabilities, while preparing a Balance Sheet of a company :

Which among the following items appear in the Receipt and Payment Account ?

(A) Life membership fees

(B) Depreciation of fixed assets

(C) Provision of doubtful debts

(D) Profit/loss on sale of fixed assets

Choose the correct answer from the options given below :

Match List - I with List - II.

Choose the correct answer from the options given below :

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.

From the following information calculate how much amount of depreciation will be shown in the Income and Expenditure A/c for the year 2021-22 :

Furniture worth Rs. 8,000 was sold for Rs. 10,000 on 1 April, 2021.

Calculate subscription received during the year 2021-22 from the following information :

Amount of subscription credited to Income and Expenditure A/c for the year ended 2021-22 Rs. 1,05,000

Subscription received in advances as on 31 March, 2022 Rs. 10,000

Subscription received in advances as on 31 March, 2021 Rs. 7000

Subscription outstanding as on 31 March, 2021 Rs. 10,500

Subscription outstanding as on 31 March, 2022 Rs. 20,500

Calculate prize fund expenses incurred during the year 2021-22 from the following information

Prize fund as on 1 April, 2021 Rs. 80,000

Donation received for Prize Fund Rs. 15,000

10% Prize Fund Investment Rs. 80,000

Interest Received Rs. 5,000

Interest Accrued Rs. 3,000

Prize fund as on 31 March, 2022 Rs. 70,000

Which one of the following items will be added in debit balance of cash book in the preparation of bank reconciliation statement?

Which one of the following is not true?

Financial statements are:

Payment made for stationary during the year 2021 - 22 is Rs. 46,000.

Stock of stationary as on 1-4-2021 Rs. 8,000

Stock of stationary as on 31-3-2022 Rs. 6,000

Advance for stationary as on 1-4-2021 Rs. 18,000

Advance for stationary as on 31-3-2022 Rs. 5,000

What will be the amount of stationary consumed during the year 2021 - 22 ?

The closing balance of Receipts and Payments Account depicts _________.

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

Match List - I with List - II

Choose the correct answer from the options given below :

The Receipts and Payments Account of Lead Sports Club showed payment for sports materials as Rs. 46,000 for the year ended 31st March 2022.

Additional Information provided is as follows :

Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.

A Club has Opening balance of Rs.8,50,000 in Match fund. Donation received for match during the current year amounted to Rs. 4,25,000. Sale of match tickets amounted to Rs. 1,15,000. Match expenses incurred were Rs.14,00,000 Balance in the Match fund at the year end will be:

Match the following with regard to company's Balance Sheet.

Choose the correct answer from the options given below:

Receipt and Payment a/c for the year ending 31.3.22.

Additional Information:

Locker rent Rs.3,050 outstanding for the year 2020-21 and Rs.1,500 for 2021-22.

Locker rent received on advance at the end of current year i.e on 31.3.22 is Rs.1,000.

What amount of Locker Rent will be shown in Income and Expenditure A/c?

Choose the correct option:

There are 500 members in a Rotary club, who provide medical services to poor people in backward area. Each member pays 1,000 Rs. as subscription. During financial year 100 members paid partial subscription of Rs.80,000. 10 members left without giving yearly subscription. Amount received during current financial year will be

Match List I with List II

Choose the correct answer from the options given below:

Financial Statements of a company does not include