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CUET Accountancy 2026 PYQs13 May Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2026 13 May Shift 1

Nature/Structure

past year questions, Financial Statements, CUET Accountancy 2026 13 May Shift 1

Easy

Financial Statements

Arrange the following Current Liabilities in sequence as per Balance Sheet Format.

(A) Short-term borrowings

(B) Trade payables

(C) Other current liabilities

(D) Short-term provisions

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Schedule III of the Companies Act, 2013 prescribes the order of Current Liabilities as short-term borrowings, trade payables, other current liabilities and short-term provisions.

Sequence: (A), (B), (C), (D).

Related questions:

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Amount of Total Current Assets are:

2025: 3 June Shift 2

Which among the following item does not appear on the balance sheet of a company?

2022: 20 July Shift 1

The closing balance of Receipts and Payments Account depicts _________.

2022: 23 Aug Shift 2

Which among the following items appear in the Receipt and Payment Account ?

(A) Life membership fees

(B) Depreciation of fixed assets

(C) Provision of doubtful debts

(D) Profit/loss on sale of fixed assets

Choose the correct answer from the options given below :

2025: 13 May Shift 1

Amount of Total current liabilities are:

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:

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CUET Accountancy Past Year Questions (Topic-Wise)