CUET Accountancy - As per AS-26 assets like goodwill should be written off . | PYQs + Solutions

CUET Accountancy 2025 2 June Shift 2

Financial Statements

Medium

common

As early as possible.

As early as possible but not exceeding its estimated life.

As early as possible but not exceeding its estimated life, which normally should not be beyond 10 years

Within the useful life of asset, irrespective of number of years.

✅ Correct Option: 3

Related questions:

15 May Shift 2

The manner prescribed in the revised schedule iii to the companies act, 2013, the particulars of balance sheet will appear in the order

(A) Deferred tax assets

(B) Deferred tax liabilities

(D) Short-term provisions

Choose the correct answer from the options given below:

14 May Shift 2

Which entries are correct in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013-

(A) The shareholders' funds are sub-classified as Share Capital, Reserves and Surplus & Money received against Share Warrants.

(B) Reserves and Surplus include Revaluation Reserve.

(D) Deferred tax assets/liabilities are always non-current.

Choose the correct answer from the options given below:

13 May Shift 2

Balance Sheet provides information about financial position of the enterprise:

CUET Accountancy 2025 2 June Shift 2 PYQs