Trade payables to be settled beyond 12 months from the date of Balance sheet or beyond the operating cycle are classified under: Option 1: Long term provisions Option 2: Other long term liabilities Option 3: Deferred tax liabilities Option 4: Long term Borrowing

The answer is 'Other long term liabilities'. View full solution:

CUET Accountancy - Trade payables to be settled beyond 12 months from the date of Balance sheet or beyond the operating cycle are classified under: | PYQs + Solutions

CUET Accountancy 2023 29 May Shift 2

Financial Statements

Medium

Long term provisions

Other long term liabilities

Deferred tax liabilities

Long term Borrowing

✅ Correct Option: 2

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20 June Shift 2

Arrange the following in the context of Statement of Profit and Loss.

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Choose the correct answer from the options given below:

16 July Shift 2

A Club has Opening balance of Rs.8,50,000 in Match fund. Donation received for match during the current year amounted to Rs. 4,25,000. Sale of match tickets amounted to Rs. 1,15,000. Match expenses incurred were Rs.14,00,000 Balance in the Match fund at the year end will be:

13 May Shift 2

Arrange As Appear in Balance sheet as prescribed in part I of schedule III of the Companies act 2013-

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Choose the correct answer from the options given below:

CUET Accountancy 2023 29 May Shift 2 PYQs

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