CUET-PG SERIES Commerce
Accounting
3 previous year questions.
Volume: 3 Ques
Yield: Medium
High-Yield Trend
3
2024 Chapter Questions 3 MCQs
01
PYQ 2024
medium
commerce ID: cuet-pg-
If goods are invoiced to the branch at cost, the trading results of the branch can be ascertained by which of the following methods:
(A) Debtors Method
(B) Trading and Profit and Loss Account (Final Account) Method
(C) Stock and Debtors Method
(D) Wholesale Branches Method
(A) Debtors Method
(B) Trading and Profit and Loss Account (Final Account) Method
(C) Stock and Debtors Method
(D) Wholesale Branches Method
1
(A), (B), and (D) only
2
(A), (B), and (C) only
3
(B), (C), and (D) only
4
(C), (D) only
02
PYQ 2024
medium
commerce ID: cuet-pg-
Accounting standards deal with various aspects of accounting events. Arrange it in proper sequence:
(A) The disclosures relating to these transactions and events
(B) Presentation of these transactions and events in the financial statements
(C) Recognition of events and transactions in the financial statements
(D) Measurement of these transactions and events
(A) The disclosures relating to these transactions and events
(B) Presentation of these transactions and events in the financial statements
(C) Recognition of events and transactions in the financial statements
(D) Measurement of these transactions and events
1
(A), (B), (C), (D)
2
(B), (C), (D), (A)
3
(C), (D), (B), (A)
4
(C), (B), (D), (A)
03
PYQ 2024
medium
commerce ID: cuet-pg-
Which among the following are true about Hire Purchase?
(A) The title to goods passes on last payment in hire purchase.
(B) The seller can sue for price if the buyer is in default. He cannot take possession of the goods.
(C) The hirer is not responsible for risk of loss of goods if he has taken reasonable precaution because the ownership has not yet transferred.
(D) Component, other than cash price included in installment, is called Hire charges.
(A) The title to goods passes on last payment in hire purchase.
(B) The seller can sue for price if the buyer is in default. He cannot take possession of the goods.
(C) The hirer is not responsible for risk of loss of goods if he has taken reasonable precaution because the ownership has not yet transferred.
(D) Component, other than cash price included in installment, is called Hire charges.
1
(A), (B), and (D) only
2
(B), (C), and (D) only
3
(A), (C), and (D) only
4
(A), (B), and (C) only