Financial Statements

Nature/Structure

Hard

Identify the correct sequence of different items to be shown in a Balance-Sheet of a company.

(A) Trade payable

(B) Non-Current Investments

(C) Deferred tax Liabilities

(D) Intangible Assets

(E) Long term borrowing

Choose the correct answer from the options given below :

(E), (C), (A), (D), (B)

(C), (D), (E), (A), (B)

(A), (C), (B), (E), (D)

(B), (A), (D), (C), (E)

✅ Correct Option: 1

As per Schedule III, Equity and Liabilities are shown first: Non-Current Liabilities (Long term borrowing E, Deferred tax liabilities C), then Current Liabilities (Trade payables A). Then Assets: Non-Current Assets (Intangible Assets D, Non-current investments B). So sequence is E, C, A, D, B.

2025: 14 May Shift 2

Arrange Financial Statements in Correct Sequence-

(A) Cash Flow Statement

(B) Balance Sheet

(D) Trading Account

Choose the correct answer from the options given below:

2023: 11 June Shift 3

Subscription Received in Advance is a :

2023: 29 May Shift 2

Identify the salient features of Income and Expenditure account from the following:

A. It is prepared on accrual basis.

B. It includes both revenue as well as capital items.

C. It is prepared after taking into account the additional information regarding outstanding/prepaid expenses and depreciation etc.

D. Its result is surplus or deficit.

E. It is prepared with the help of Receipts and Payments Account.

Choose the correct answer from the options given below:

2022: 15 July Shift 2

Match List I with List II

List I	List II
A. Intangible Assets	I. Provision for taxation
B. Short term provision	II. Trade creditor
C. Long term borrowings	III. 10% debentures
D. Current liabilities	IV. Goodwill

Choose the correct answer from the options given below:

2023: 29 May Shift 2

Match List I with List II

LIST I	LIST II
A. Interest charges	I. Employees Benefit Expenses
B. Sale of services	II. Other incomes
C. Salary	III. Revenue from Operations
D. Dividend Income	IV. Finance cost

Choose the correct answer from the options given below:

2023: 11 June Shift 3

Intangible assets should be recognised by fulfilling the criteria as recognised under :

Identify the correct sequence of different items to be shown in a Balance-Sheet of a company. (A) Trade payable (B) Non-Current Investments (C) Deferred tax Liabilities (D) Intangible Assets (E) Long term borrowing Choose the correct answer from the options given below :

Solution

Related questions:

Keyboard Shortcuts

CUET Accountancy Past Year Questions (Topic-Wise)

Identify the correct sequence of different items to be shown in a Balance-Sheet of a company.

(A) Trade payable

(B) Non-Current Investments

(C) Deferred tax Liabilities

(D) Intangible Assets

(E) Long term borrowing

Choose the correct answer from the options given below :