CUET Accountancy: Financial StatementsNature/Structure. Free, no login required.

Arrange the following component of a common size balance sheet as per schedule 3.

A. Shareholder's funds

B. Non-current liabilities

C. Current liabilities

D. Share Application money pending allotment

Choose the correct answer from the options given below:

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

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The financial statements of a business enterprise does not include:

Arrange the following items in a sequence which appear under Equities and Liabilities in the balance sheet as per revised Schedule III to the Companies Act, 2013.

(A) Non - Current Liabilities

(B) Current Liabilities

(C) Shareholders' Funds

(D) Share Application money pending allotment

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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

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Arrange the following current assets in the correct sequence to be shown in the Balance Sheet as per Revised Schedule III to the Companies Act, 2013.

A. Inventories

B. Cash and Cash equivalents

C. Current Investments

D. Trade receivables

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Every company registered under The Companies Act 2013 shall prepare its balance sheet in the prescribed format. Arrange the following Non-current Liabilities in proper order:

A. Deferred tax liabilities (net)

B. Long term provisions

C. Other long term liabilities

D. Long term borrowings

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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

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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

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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:

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

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Show the following items of Current Assets in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013.

A. Cash and cash equivalents

B. Current investments

C. Trade receivables

D. Inventories

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Match the LIST-I with LIST-II

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

Reserve and surplus are shown under the _________________________ in the balance sheet of a company.

Which accounting standard is applicable for recognizing Intangible assets?

As per AS-26 assets like goodwill should be written off .

Goods costing Rs.80,000/- were sold at a profit of 20% on sales. the amount of gross profit on this sales is.

Which of the following is not the nature of financial statements-

Which among the following is NOT TRUE about the financial statement?

Which among the following items is shown as the Major Head in the balance sheet of a company?

Which among the following is NOT the feature of the Presentation of the Financial Statement?

The items in the "statement of profit and loss", for the Revenue from operations DON'T include: If it is a non-finance company

The balance sheet provides information about the financial position of an enterprise:

Which of the following is NOT a feature of financial statements?

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)

An annual report is issued by a company to its --------------.

Match List-I with List-II

Choose the correct answer from the options given below:

Employee benefit Expenses doesn't include

Which accounting standard is applicable for recognizing intangible assets?