AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2025 PYQs15 May Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2025 15 May Shift 2

Nature/Structure

past year questions, Financial Statements, CUET Accountancy 2025 15 May Shift 2

Medium

Match List-I with List-II

List-IList-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

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

The correct matching between the lists is based on the following statutory provisions:

(A) Accounting standard rules → (III) 2006

The Companies (Accounting Standards) Rules were notified in 2006 under the Companies Act, 1956. These rules prescribe the accounting standards to be followed by companies.

(B) Companies Act → (I) 2013

The current governing legislation for companies in India is the Companies Act, 2013, which replaced the Companies Act, 1956.

(C) Financial statement of company → (IV) Schedule III

Schedule III of the Companies Act, 2013 prescribes the format and presentation requirements for financial statements of companies. It specifies how the Balance Sheet and Statement of Profit and Loss should be prepared.

(D) Partnership Act → (II) 1932

The Indian Partnership Act was enacted in 1932 and continues to govern partnerships in India.

Correct Answer: Option 1

Related questions:

2026: 29 May Shift 1

The financial statements of a business enterprise does not include:

2022: 23 Aug Shift 2

Calculate prize fund expenses incurred during the year 2021-22 from the following information

Prize fund as on 1 April, 2021 Rs. 80,000

Donation received for Prize Fund Rs. 15,000

10% Prize Fund Investment Rs. 80,000

Interest Received Rs. 5,000

Interest Accrued Rs. 3,000

Prize fund as on 31 March, 2022 Rs. 70,000

2025: 27 May Shift 1

Arrange the following in correct sequence in preparation of the Balance sheet of a company.

(A) Non-current Liabilities

(B) Shareholder's Funds

(C) Current Liabilities

(D) Contingent liabilities

Choose the correct answer from the options given below:

  1. (D), (B), (C), (A)
  2. (B), (A), (C), (D)
  3. (B), (A), (D), (C)
  4. (C), (B), (D), (A)

2023: 20 June Shift 2

Depreciation on furniture is:

2026: 24 May Shift 1

Every company registered under The Companies Act 2013 shall prepare its balance sheet, accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013 to harmonise the disclosure requirement with the accounting standards and to converge with new reforms. The correct sequence of Fixed assets to be shown would be:

(A) Capital Work-in-Progress

(B) Intangible Assets under Development

(C) Intangible Assets

(D) Tangible Assets

Choose the correct answer from the options given below:

2026: 19 May Shift 1

Arrange the following account balances in the order of occurence in the Balance Sheet (as per Schedule III) from top to bottom.

(A) Capital Redemption Reserve

(B) Equity Share capital

(C) Creditors

(D) Long Term Loan taken from SBI

Choose the correct answer from the options given below:

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Accountancy Past Year Questions (Topic-Wise)