UGC NET Accounting and Auditing Previous Year Questions
Unit 2 of UGC NET Commerce (Paper 2) is Accounting and Auditing. JRFSmart holds 179 previous-year questions for it, organised into 15 topics, from 22 exam papers. Pick a topic below to see what NTA asks and how often it returns.
Important concepts
Accounting and Auditing turns business activity into information that can be compared and checked. Keep the accounting equation and recognition principles in view when reading financial statements, cash flows or partnership and company accounts. Cost accounting assigns and analyses costs for control and decisions; financial statement analysis interprets the resulting position and performance. Auditing adds independent evidence and assurance: understand audit objectives, evidence, internal controls and reporting, and distinguish an error from fraud. Standards promote consistency, but applying a standard still depends on the facts of the transaction.
Topics in this unit
Ordered by how many exam papers each topic appears in.
| Topic | Questions | Papers | Frequency |
|---|---|---|---|
| Cost accounting | 42 | 19 | High |
| Auditing | 25 | 16 | High |
| Accounting standards | 19 | 15 | High |
| Partnership accounts | 16 | 15 | High |
| Accounting principles | 17 | 14 | High |
| Financial statement analysis | 14 | 12 | High |
| Human resource accounting | 9 | 9 | High |
| Amalgamation and reconstruction | 8 | 7 | High |
| Cash flow statement | 8 | 7 | High |
| Company accounts | 8 | 7 | High |
| Holding company accounts | 5 | 5 | Medium |
| Inflation accounting | 4 | 4 | Medium |
| Funds flow statement | 2 | 2 | Low |
| Management accounting | 1 | 1 | Low |
| Transfer pricing | 1 | 1 | Low |
Practise Accounting and Auditing
All 179 questions in this unit. One topic in every unit is free.
Practise this unit