CUET Accountancy - Which among the following is NOT the feature of the Presentation of the Financial Statement? | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 1

Financial Statements

Easy

Financial Statements

Accounting standards shall prevail over Schedule III of the Companies Act, 2013.

Rounding off requirements is mandatory.

Disclosure on the face of the financial statements or in the notes is not essential or mandatory.

Current and non-current bifurcation of assets and liabilities is applicable.

✅ Correct Option: 3

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Employee benefit Expenses doesn't include

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Match List-I with List-II

List-I	List-II
(A) Accounting standard rules	(I) 2013
(B) Companies Act	(II) 1932
(C) Financial statement of company	(III) 2006
(D) Partnership Act	(IV) Schedule III

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Arrange the given items in proper order

(A) Finance cost

(B) purchase of Stock in Trade

(D) Employee Benefit Expenses

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CUET Accountancy 2025 30 May Shift 1 PYQs