CUET Accountancy - Which of the following is NOT a feature of financial statements? | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 2

Financial Statements

Easy

Financial Statements

To provide information about the earning capacity of the business

To provide information about cash flows

To judge effectiveness of management

Not disclosing accounting policies

✅ Correct Option: 4

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13 May Shift 1

Amount of Total current liabilities are:

16 May Shift 1

Arrange 'Fixed Assets' in proper order

(A) Intangible assets under development

(B) Tangible assets

(D) Capital Work in Progress

Choose the correct answer from the options given below:

24 May Shift 1

Match List-I with List-II

List-I	List-II
Expenses incurred to earn the income	Explanation
(A). Purchase of Stock-in-trade	(I). Expenses towards interest charges during the year on the borrowings
(B). Employees benefit expenses	(II). Diminution in the value of fixed assets
(C). Finance cost	(III). Purchases of goods for the purpose of trading
(D). Depreciation	(IV). Expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc

Choose the correct answer from the options given below:

CUET Accountancy 2025 27 May Shift 2 PYQs