Financial Statements

Nature/Structure

Easy

Match List I with List II

LIST I LIST II
A. Capital Reserve I. Current Assets
B. Inventories II. Non-Current Liabilities
C. 8% Debentures III. Current Liabilities
D. Provision for tax IV. Reserve and Surplus

Choose the correct answer from the options given below:

LIST I	LIST II
A. Capital Reserve	I. Current Assets
B. Inventories	II. Non-Current Liabilities
C. 8% Debentures	III. Current Liabilities
D. Provision for tax	IV. Reserve and Surplus

A-IV, B-I, C-II, D-III

A-IV, B-II, C-III, D-I

A-III, B-I, C-IV, D-II

A-III, B-IV, C-II, D-I

✅ Correct Option: 1

Capital Reserve forms part of Reserve and Surplus (IV). Inventories are Current Assets (I). 8% Debentures are Non-Current Liabilities (II). Provision for tax is a Current Liability (III). Hence A-IV, B-I, C-II, D-III.

2023: 29 May Shift 2

Identify the term that indicate excess of Expenditure over Income, in case of a Not-for-profit Organisation.

2026: 24 May Shift 1

Every company registered under The Companies Act 2013 shall prepare its balance sheet, accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013 to harmonise the disclosure requirement with the accounting standards and to converge with new reforms. The correct sequence of Fixed assets to be shown would be:

(A) Capital Work-in-Progress

(B) Intangible Assets under Development

(D) Tangible Assets

Choose the correct answer from the options given below:

2023: 11 June Shift 3

Match List - I with List - II.

List - I	List - II
(A) Share Capital	(I) 10% debenture
(B) Reserve and Surplus	(II) Interest accrued and due
(C) Non-current Liability	(III) Share forfeited account
(D) Current Liability	(IV) Capital Redemption Reserve

Choose the correct answer from the options given below :

2025: 16 May Shift 1

Auditor issues Annual report of company refering to___.

2022: 20 July Shift 1

The Receipts and Payments Account of Lead Sports Club showed payment for sports materials as Rs. 46,000 for the year ended 31st March 2022.

Additional Information provided is as follows :

Details	31st March 2021	31st March 2022
Stock of sports Materials	Rs. 8,000	Rs. 6,000
Creditors	Rs. 18,000	Rs. 5,000

Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.

2025: 13 May Shift 1

Amount of Total current liabilities are:

Match List I with List II LIST ILIST IIA. Capital ReserveI. Current AssetsB. InventoriesII. Non-Current LiabilitiesC. 8% DebenturesIII. Current LiabilitiesD. Provision for taxIV. Reserve and Surplus Choose the correct answer from the options given below:

Solution

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CUET Accountancy Past Year Questions (Topic-Wise)

Match List I with List II

LIST I LIST II
A. Capital Reserve I. Current Assets
B. Inventories II. Non-Current Liabilities
C. 8% Debentures III. Current Liabilities
D. Provision for tax IV. Reserve and Surplus

Choose the correct answer from the options given below: