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CUET Accountancy 2025 PYQs14 May Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2025 14 May Shift 1

Nature/Structure

past year questions, Financial Statements, CUET Accountancy 2025 14 May Shift 1

Medium

Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013-

(A) Shareholder's Funds

(B) Non-Current Assets

(C) Current Liabilities

(D) Share Application money pending allotment

(E) Current Assets

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

As per revised Schedule III to the Companies Act, 2013, the Balance Sheet is divided into two main sides:

Equity and Liabilities side:

  • Shareholder's Funds (A)
  • Share Application Money Pending Allotment (D)
  • Non-Current Liabilities
  • Current Liabilities (C)

Assets side:

  • Non-Current Assets (B)
  • Current Assets (E)

The correct sequential arrangement of the given items is:

(A) → (D) → (C) → (B) → (E)

This follows the prescribed format where equity and liabilities are presented first (starting with shareholders' funds, followed by share application money pending allotment, and then liabilities), and then assets are shown (non-current assets before current assets).

Correct Answer: Option 3

Related questions:

2025: 30 May Shift 1

The items in the "statement of profit and loss", for the Revenue from operations DON'T include: If it is a non-finance company

2023: 29 May Shift 2

What is the correct sequence to prepare company's Balance Sheet as per the standard format given according to schedule III of Companies Act 2013?

A. Non Current Liability

B. Non Current Assets

C. Shareholder's Fund

D. Current Assets

E. Current Liability

Choose the correct answer from the options given below:

2025: 2 June Shift 2

Which accounting standard is applicable for recognizing Intangible assets?

2025: 16 May Shift 1

Arrange 'Fixed Assets' in proper order

(A) Intangible assets under development

(B) Tangible assets

(C) Intangible Assets

(D) Capital Work in Progress

Choose the correct answer from the options given below:

2022: 23 Aug Shift 2

Match List - I with List - II.

List - IList - II
(A) Receipts and Payment A/c(I) Special fund
(B) Capital receipt(II) Life membership fees
(C) Match fund(III) Accrual basis
(D) Income and Expenditure A/c(IV) Cash basis

Choose the correct answer from the options given below :

2026: 11 May Shift 2

Show the following items of Current Assets in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013.

A. Cash and cash equivalents

B. Current investments

C. Trade receivables

D. Inventories

Choose the correct answer from the options given below:

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