Select the sub-head under which loose tools will be shown in the Balance Sheet of a company - Option 1: Current Assets Option 2: Trade Receivables Option 3: Inventories Option 4: Other current Assets

The answer is 'Inventories'. View full solution:

CUET Accountancy - Select the sub-head under which loose tools will be shown in the Balance Sheet of a company - | PYQs + Solutions

CUET Accountancy 2023 29 May Shift 2

Financial Statements

Easy

Current Assets

Trade Receivables

Inventories

Other current Assets

✅ Correct Option: 3

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Which among the following is NOT the feature of the Presentation of the Financial Statement?

15 May Shift 2

Match List-I with List-II

Match the statements with their respective Provisions/ other name

List-I	List-II
(A) AS-3	(I) Statement of profit & loss
(B) Schedule 3 of Companies Act	(II) Cash flow statement
(C) Financial status of the undertaking	(III) Final accounts of company
(D) Performance report	(IV) Balance sheet

Choose the correct answer from the options given below: