CUET-UG SERIES Accountancy
Assets Liabilities
10 previous year questions.
Volume: 10 Ques
Yield: Medium
High-Yield Trend
8
2023 2
2022 Chapter Questions 10 MCQs
01
PYQ 2022
medium
accountancy ID: cuet-ug-
What are the different types of liquidity ratios
A. Interest coverage ratio
B. Current ratio
C. Inventory turnover ratio
D. Gross profit ratio
E. Acid test ratio
Choose the correct answer from the options given below:
A. Interest coverage ratio
B. Current ratio
C. Inventory turnover ratio
D. Gross profit ratio
E. Acid test ratio
Choose the correct answer from the options given below:
1
A & B only
2
B & E only
3
B & D only
4
D & E only
02
PYQ 2022
medium
accountancy ID: cuet-ug-
Match List-I with List-II
Choose the correct answer from the options given below:
| LIST I: Major Head | LIST II: Sub Head | ||
|---|---|---|---|
| (A) | Fixed assets | (I) | Short term provisions |
| (B) | Current Assets | (II) | Money received against share warrants |
| (C) | Current Liabilities | (III) | Non current investment |
| (D) | Shareholder's Funds | (IV) | Inventories |
1
A-IV, B-I, C-II, D-III
2
A-III. B - IV, C-I. D-II
3
A-I. B-IV, C-II, D - III
4
A-II. B-I. C-IV, D-III
03
PYQ 2023
medium
accountancy ID: cuet-ug-
Current liabilities include:
(A) Trade receivables
(B) Unclaimed dividend
(C) Interest accrued but not due on loan
(D) Acceptances
(E) 12% debentures redeemable after four years
Choose the correct answer from the options given below :
(A) Trade receivables
(B) Unclaimed dividend
(C) Interest accrued but not due on loan
(D) Acceptances
(E) 12% debentures redeemable after four years
Choose the correct answer from the options given below :
1
(A), (B) and (C) only
2
(B), (C) and (D) only
3
(A), (C) and (D) only
4
(A), (B) and (D) only
04
PYQ 2023
medium
accountancy ID: cuet-ug-
Non current Assets includes -
A. Capital work-in-Progress
B. Deferred tax Assets (net)
C. Loose tools
D. Railway slidings
E. Inventory
Choose the correct answer from the options given below :
A. Capital work-in-Progress
B. Deferred tax Assets (net)
C. Loose tools
D. Railway slidings
E. Inventory
Choose the correct answer from the options given below :
1
A, B and C only
2
A, C and E only
3
A, B and D only
4
B, C and E only
05
PYQ 2023
medium
accountancy ID: cuet-ug-
Match List I with List II
Choose the correct answer from the options given below:
LIST I | LIST II | ||
|---|---|---|---|
| A | Capital Reserve | I | Current Assets |
| B | Inventories | II | Non-Current Liabilities |
| C | 8% Debentures | III | Current Liabilities |
| D | Provision for tax | IV | Reserve and Surplus |
Choose the correct answer from the options given below:
1
A-IV, B-I, C-II, D-III
2
A-IV, B-II, C-III, D-I
3
A-III, B-I, C-IV, D-II
4
A-III, B-IV, C-II, D-I
06
PYQ 2023
medium
accountancy ID: cuet-ug-
Which of the following items are part of Intangible non current Assets:
A. Patents
B. Furniture
C. Statement of Profit & Loss A/c (Dr)
D. Goodwill
E. Trademark
Choose the correct answer from the options given below:
A. Patents
B. Furniture
C. Statement of Profit & Loss A/c (Dr)
D. Goodwill
E. Trademark
Choose the correct answer from the options given below:
1
A, B and C only
2
A, C and D only
3
A, D and E only
4
C, D and E only
07
PYQ 2023
medium
accountancy ID: cuet-ug-
Profits made on Revaluation of Assets and Reassessment of Liabilities is distributed among whom?
1
All Partners
2
Admitted Partner only
3
Retiring Partner only
4
Old Partners
08
PYQ 2023
medium
accountancy ID: cuet-ug-
The following are the items appearing in Equities and Liabilities side of Balance Sheet
A. Deferred tax Assets (Net)
B. Reserve and Surplus
C. Deferred tax Liabilities (Net)
D. Long term borrowings
E. Long term loans and Advances
Choose the correct answer from the options given below:
A. Deferred tax Assets (Net)
B. Reserve and Surplus
C. Deferred tax Liabilities (Net)
D. Long term borrowings
E. Long term loans and Advances
Choose the correct answer from the options given below:
1
A, B and C only
2
B, C and D only
3
B, C, D and E only
4
A, D and E only
09
PYQ 2023
medium
accountancy ID: cuet-ug-
Calculate the Normal Rate of Return if normal profit is ₹30,000, Assets 5,30,000 and liabilities ₹30,000, while calculating the value of goodwill of the firm at the time of admission of a partner. 1. 5.6% 2.6% 3.5.3% 4.5%
1
5.6%
2
6%
3
5.3%
4
5%
10
PYQ 2023
medium
accountancy ID: cuet-ug-
Match List I with List II
Choose the correct answer from the options given below :
| List I | List II | ||
| A. | Super Profit | I. | Actual Average Profit - Normal Profit |
| B. | Normal Profit | II. | Super Profit × |
| C. | Goodwill | III. | Total Assets - Outside Liabilities |
| D. | Capital Employed | IV. | |
1
A-I, B-II, C-IV, D-III
2
A-IV, B-II, C-I, D-III
3
A-I, B-IV, C-II, D-III
4
A-I, B-IV, C-III, D-II