UGC NET Accounting principles Previous Year Questions
JRFSmart holds 17 previous-year questions on Accounting principles from UGC NET Commerce (Paper 2), filed under Unit 2: Accounting and Auditing, drawn from 14 of the 22 exam papers in the bank (2018–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Accounting principles
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Convention of conservatism | 2 |
| Accounting concepts and conventions | 2 |
| Business entity concept | 1 |
| Capital and revenue expenditure | 1 |
| Going concern concept | 1 |
| Statement of affairs - capital equation | 1 |
| The accounting cycle | 1 |
| Money measurement concept | 1 |
| Convention of prudence | 1 |
| Capital versus revenue expenditure | 1 |
| Accounting concepts | 1 |
| Accounting period concept | 1 |
NTA repeat analysis
Accounting principles appears in 14 of 22 papers (64%), which JRFSmart rates as high frequency.
Sample previous-year questions
Match the LIST-I with LIST-II LIST I | LIST II A. Conservatism | I. Use of same accounting policies by a firm from period to period B. Dual aspect | II. Enterprise is treated as separate from owner and other persons associated with it C. Separate Business…
Prepaid Insurance is which type of account?
Which of the following are the applications of the conservatism principle of accounting? A. Valuation of stock in trade at the lower of cost or market value B. Debiting drawings account and crediting purchases account when goods are withdrawn by the…
Match List - I with List - II. LIST I | LIST II A. Making provision for bad and doubtful debts and for discount on debtors | I. Cost Concept B. Expenses should be recognised in the period in which associated revenue is recognised | II. Going Concern C…
Arrange in proper sequence the steps of Financial Accounting. A. Summarisation B. Identification and measures of financial transaction C. Classification D. Recording E. Interpretation of result Choose the correct answer from the options given below:
Policy of 'Playing Safe' followed by the accountant is based on which one of the following concepts?
Which one of the following is NOT true?
Match list I and list II LIST I | LIST II A. Going Concern Concept | I. The same accounting method used by a firm from one period to another. B. Consistency | II. Relate to the relative size or importance of an item or event. C. Cost Concept | III. An…
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