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

While preparing financial statements on certain basic assumptions such as going concern, money measurement, and realization etc, they are known as:

Auditor issues Annual report of company refering to___.

Arrange 'Fixed Assets' in proper order

(A) Intangible assets under development

(B) Tangible assets

(C) Intangible Assets

(D) Capital Work in Progress

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Arrange the given items in proper order

(A) Finance cost

(B) purchase of Stock in Trade

(C) Cost of material consumed

(D) Employee Benefit Expenses

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Fixed deposit for the term of five years will come under which of the following?

The manner prescribed in the revised schedule iii to the companies act, 2013, the particulars of balance sheet will appear in the order

(A) Deferred tax assets

(B) Deferred tax liabilities

(C) Reserves and Surplus

(D) Short-term provisions

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Match List-I with List-II

Match the statements with their respective Provisions/ other name

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Match List-I with List-II

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In order to bring clarity regarding the identity of ultimate owners of the company, disclosure of shares in the company held by each shareholder is required, holding more than _____ shares, specifying the number of shares held.

Which of the following items are included under Reserve and Surplus :

(A) Security Premium reserve

(B) Revaluation reserve

(C) Share option outstanding account

(D) Reserve Capital

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Match List-I with List-II

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Arrange Financial Statements in Correct Sequence-

(A) Cash Flow Statement

(B) Balance Sheet

(C) Profit and Loss A/c

(D) Trading Account

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Arrange the following balance sheet items in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013-

(A) Current Assets

(B) Shareholder's Funds

(C) Non-current Liabilities

(D) Non-Current Assets

(E) Current Liabilities

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Which entries are correct in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013-

(A) The shareholders' funds are sub-classified as Share Capital, Reserves and Surplus & Money received against Share Warrants.

(B) Reserves and Surplus include Revaluation Reserve.

(C) Both tangible and intangible assets are current assets.

(D) Deferred tax assets/liabilities are always non-current.

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Calculate credit revenue from operations using following information:

Total revenue from operations : Rs 4,00,000, Cash received from operations are 25% of Credit revenue from operations.

Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013-

(A) Shareholder's Funds

(B) Non-Current Assets

(C) Current Liabilities

(D) Share Application money pending allotment

(E) Current Assets

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Match List-I with List-II

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Match List-I with List-II

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Arrange As Appear in Balance sheet as prescribed in part I of schedule III of the Companies act 2013-

(A) Non-current liabilities

(B) Current liabilities

(C) Current Asset

(D) Shareholders fund

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Balance Sheet provides information about financial position of the enterprise:

Arrange the following under the heading Equities and Liabilities in balance sheet of a company.

(A) Non-current liabilities

(B) Current liabilities

(C) Shareholders fund

(D) Share application money pending allotment

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Current liabilities does not include:

Window dressing is a practice

Match List I with List II

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Which of the following items are part of Intangible non current Assets:

A. Patents

B. Furniture

C. Statement of Profit & Loss A/c (Dr)

D. Goodwill

E. Trademark

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The following are the items appearing in Equities and Liabilities side of Balance Sheet

A. Deferred tax Assets (Net)

B. Reserve and Surplus

C. Deferred tax Liabilities (Net)

D. Long term borrowings

E. Long term loans and Advances

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Arrange the following in the context of Statement of Profit and Loss.

A. Other income

B. Expenses

C. Total Revenue

D. Revenue from operation

E. Profit before tax and extra-ordinary item

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