AfterBoards Logo
Skip to main contentSkip to solution

CUET Accountancy 2026 PYQs20 May Shift 1. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2026 20 May Shift 1

Nature/Structure

past year questions, Financial Statements, CUET Accountancy 2026 20 May Shift 1

Medium

Financial Statements

Arrange the following items related to the Statement of Profit and Loss in a sequence:

(A) Profit before extraordinary items and tax

(B) Profit before tax

(C) Cost of materials consumed

(D) Revenue from operations

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 4

The Statement of Profit and Loss in Schedule III format begins with Revenue from operations (D), followed by expenses, of which cost of materials consumed (C) is one.

After deducting expenses and adjusting exceptional items we reach profit before extraordinary items and tax (A). Extraordinary items are then adjusted to arrive at profit before tax (B).

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

Related questions:

2023: 28 May Shift 1

Current liabilities include :

(A) Trade receivables

(B) Unclaimed dividend

(C) Interest accrued but not due on loan

(D) Acceptances

(E) 12% debentures redeemable after four years

Choose the correct answer from the options given below :

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:

2026: 29 May Shift 1

The financial statements of a business enterprise does not include:

2023: 28 May Shift 1

An annual report is furnished by a company to its :

2022: 16 July Shift 2

Match the following with regard to company's Balance Sheet.

List IList II
A. Shareholders fundsI. Furniture and Fittings
B. Current liabilitiesII. Prepaid expenses
C. Current AssetsIII. Calls in Advance
D. Non current assetsIV. Surplus of Balance on statement of P and L

Choose the correct answer from the options given below:

2023: 29 May Shift 2

Match List I with List II

LIST ILIST II
A. Interest chargesI. Employees Benefit Expenses
B. Sale of servicesII. Other incomes
C. SalaryIII. Revenue from Operations
D. Dividend IncomeIV. Finance cost

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)