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CUET Accountancy 2025 PYQs13 May Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2025 13 May Shift 2

Nature/Structure

past year questions, Financial Statements, CUET Accountancy 2025 13 May Shift 2

Easy

Match List-I with List-II

List-IList-II
(A) SHAREHOLDERS FUND(I) Non-current investments
(B) CURRENT LIABILITIES(II) Reserves and Surplus
(C) CURRENT ASSET(III) Trade Payables
(D) FIXED ASSET(IV) Inventories

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 4

Understanding the classification of items in a Balance Sheet:

Shareholders Fund comprises equity share capital, preference share capital, and reserves & surplus. It represents the owners' interest in the company. Therefore, (A) matches with (II) Reserves and Surplus.

Current Liabilities are obligations payable within one year or the operating cycle. Trade Payables (amounts owed to suppliers for credit purchases) are a typical current liability. Therefore, (B) matches with (III) Trade Payables.

Current Assets are assets expected to be realized in cash or consumed within one year or the operating cycle. Inventories (stock of raw materials, work-in-progress, and finished goods) are held for sale in the ordinary course of business. Therefore, (C) matches with (IV) Inventories.

Fixed Assets (Non-current Assets) are assets held for long-term use in business operations. Non-current investments are investments held for more than one year and are not meant for trading. Therefore, (D) matches with (I) Non-current investments.

The correct matching:

  • (A) → (II)
  • (B) → (III)
  • (C) → (IV)
  • (D) → (I)

Option 4 is correct.

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Choose the correct answer from the options given below:

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Match List I with List II

LIST ILIST II
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Choose the correct answer from the options given below:

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