List of top Accountancy Questions on Financial Statements Analysis asked in CUET (UG)

Which Accounting Standard governs the preparation of Cash Flow Statement?
Which of the following situations lead to reconstitution of a partnership firm?
(A) Death of a partner
(B) Retirement of a partner
(C) Admission of a partner
(D) Change in Profit sharing ratio among existing partners

Which of the following ratios are computed for evaluating solvency of the business?

  1. Proprietary Ratio
  2. Interest Coverage Ratio
  3. Total Asset to Debt Ratio
  4. Fixed Asset Turnover Ratio
Match List-I with List-II.
List-IList-II 
(A) Dissolution by notice(I) Partnership at will
(B) Dissolution by agreement(II) When a partner becomes insane
(C) Dissolution by court(III) With the consent of all partners
(D) Compulsory Dissolution(IV) When the business of the firm becomes illegal
Dividend received is
Which one of the following are correct in connection with the Common Size Statement?
(A) Expressed as a percentage on revenue from operation
(B) Horizontal analysis
(C) Vertical analysis
(D) Expressed as a percentage on total assets
Window dressing is a practice
Read the following information carefully and answer the next five questions :
Particulars₹
Revenue from Operations8,75,000
Creditors90,000
Bills Receivable48,000
Bills Payable52,000
Purchases4,20,000
Trade Debtors59,000