AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2026 PYQs29 May Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2026 29 May Shift 2

Nature/Structure

past year questions, Financial Statements, CUET Accountancy 2026 29 May Shift 2

Easy

Financial Statements

Arrange the following in a correct sequence to prepare liabilities side of balance sheet as per Schedule III of Companies Act, 2013:

A. Non-Current Liabilities

B. Shareholders' Funds

C. Current Liabilities

D. Share Application money pending allotment

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Under Schedule III the Equity and Liabilities side is presented as Shareholders' Funds, Share Application Money Pending Allotment, Non-Current Liabilities and finally Current Liabilities. Hence the order is B, D, A, C.

Related questions:

2023: 11 June Shift 3

Calculate subscription of current year to be credited to Income and Expenditure account from the following information :

Subscription Received Rs. 80,000, Subscription Received in Advance Last year Rs. 10,000, Subscription Received in Advance during this year Rs. 2,000 and Accrued Subscription at the end of current year Rs. 5,000 :

2025: 14 May Shift 2

Arrange Financial Statements in Correct Sequence-

(A) Cash Flow Statement

(B) Balance Sheet

(C) Profit and Loss A/c

(D) Trading Account

Choose the correct answer from the options given below:

2025: 14 May Shift 1

Match List-I with List-II

List-IList-II
(A) Shareholders fund(I) Long-term loans and advances
(B) Non-current Liabilities(II) Reserves and Surplus
(C) Current Liabilities(III) Long term provisions
(D) Non-Current Assets(IV) Trade payables

Choose the correct answer from the options given below:

2025: 13 May Shift 1

Amount of Total Current Assets are:

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: 15 May Shift 2

Match List-I with List-II

Match the statements with their respective Provisions/ other name

List-IList-II
(A) AS-3(I) Statement of profit & loss
(B) Schedule 3 of Companies Act(II) Cash flow statement
(C) Financial status of the undertaking(III) Final accounts of company
(D) Performance report(IV) Balance sheet

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)