by DeepWebLabs
CUET-UG SERIES
Accountancy

Income And Expenditure Account

6 previous year questions.

Volume: 6 Ques
Yield: Medium

High-Yield Trend

5
2023
1
2022

Chapter Questions
6 MCQs

01
PYQ 2022
medium
accountancy ID: cuet-ug-
If the net profit earned during the year is ₹ 1,00,000 and the amount of Bills receivables in the beginning and the end of the year is ₹ 20,000 and ₹ 40,000 respectively, then cash flow from operating activities will be:
1
₹ 60,000
2
₹ 1,00,000
3
₹ 80,000
4
₹ 1,20,000
02
PYQ 2023
easy
accountancy ID: cuet-ug-
Arrange the following in the context of Statement of Profit and Loss.
A. Other income
B. Expenses
C. Total Revenue
D. Revenue from operation
E. Profit before tax and extra-ordinary item
Choose the correct answer from the options given below:
1
A, D, C, B, E
2
D, A, C, B, E
3
C, B, E, D, A
4
D, A, E, B, C
03
PYQ 2023
medium
accountancy ID: cuet-ug-
can be used to write off preliminary expenses of the company.
1
Capital Reserve
2
Revaluation Reserve
3
General Reserve
4
Securities Premium Reserve
04
PYQ 2023
medium
accountancy ID: cuet-ug-
Arrange the following steps in correct sequence.
(A) Appropriation of profit like Interest on capital
(B) Charge against profit
(C) Distribution of profits among the partners
(D) Transfer to General Reserve as a part of Divisible profits
(E) Calculation of Net profit
Choose the correct answer from the options given below:
1
(B), (E), (A), (D), (C)
2
(B), (A), (C), (D), (E)
3
(B), (D), (E), (A), (C)
4
(B), (A), (D), (E), (C)
05
PYQ 2023
medium
accountancy ID: cuet-ug-
Calculate the amount of sports material consumed for the year ended 31st March 2016
₹
Stock of sports material on 1.4.2015 7,500
Creditor for sports material on 1.4.20152,000
Stock of sports material on 31.3.20166,200
Amount paid for sports material during the year 2015-16
17,000
Advance paid for sports material as on 31.3.20163,500
Creditor for sports material on 31.3.20161,200
1
17,000
2
15,000
3
16,200
4
14,000
06
PYQ 2023
medium
accountancy ID: cuet-ug-
During the year 2015-16, subscription received by a sports club were ₹ 80,000. These included ₹ 3,000 for the year 2014-15 and ₹ 6,000 for the year 2016-17. On 31st March 2016, the amount of subscription due but not received was ₹ 12,000. Calculate the amount of subscription to be shown in Income and Expenditure A/c.
1
₹ 80,000
2
₹ 83,000
3
₹ 77,000
4
₹ 71,000

About Income And Expenditure Account - CUET-UG

Income And Expenditure Account is a vital chapter for CUET-UG aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.

By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.

Frequently Asked Questions

Why focus on Income And Expenditure Account PYQs?

Analyzing PYQs for this specific chapter reveals the most frequently tested concepts and the typical complexity of questions, allowing you to tailor your study plan efficiently.

How to best use this analysis?

Review the topic breakdown to see which sub-topics within Income And Expenditure Account carry the most weight. Then, tackle the questions iteratively to solidify your understanding.