UGC NET 2025 - paper 2
1. Which of the following will not affect the working capital of a company?
Sale of plant and machinery in cash
Redemption of debentures
Increase in current assets
Decrease in current liabilities
Correct Answer
Wrong Answer
2. Which of the following Ind AS corresponds to IAS 37 (Provisions, Contingent Liabilities and Contingent Assets)?
Ind AS 10
Ind AS 32
Ind AS 37
Ind AS 109
Correct Answer
Wrong Answer
3. While preparing Consolidated Financial Statements, unrealised profit on inventory sold by the parent to the subsidiary is:
Deducted from Group Reserves
Added to Minority Interest
Ignored
Added to Goodwill
Correct Answer
Wrong Answer
4. In forensic accounting, the primary objective is:
a) To detect fraud for legal evidence
b) To compute tax liability
c) To evaluate internal control
d) To prepare cost records
Correct Answer
Wrong Answer
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