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CUET Accountancy 2026 PYQs19 May Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2026 19 May Shift 1

Nature/Structure

past year questions, Financial Statements, CUET Accountancy 2026 19 May Shift 1

Medium

Financial Statements

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:

Solution

✅ Correct Option: 3

Schedule III order on the Equity and Liabilities side: Shareholders' Funds with Share Capital first and then Reserves and Surplus (Capital Redemption Reserve), followed by Non-current Liabilities (long term loan) and then Current Liabilities (creditors).

Related questions:

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:

2023: 29 May Shift 2

Trade payables to be settled beyond 12 months from the date of Balance sheet or beyond the operating cycle are classified under:

2023: 29 May Shift 2

Select the sub-head under which loose tools will be shown in the Balance Sheet of a company -

2023: 29 May Shift 2

Identify the term that indicate excess of Expenditure over Income, in case of a Not-for-profit Organisation.

2022: 20 July Shift 1

Income ad Expenditure Account is prepared on (a)_________ basis, while Receipts and Payments Account is prepared on (b)_________ basis.

2026: 29 May Shift 2

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:

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CUET Accountancy Past Year Questions (Topic-Wise)