As per Schedule III of Companies Act, current assets are shown in order: Current Investments (E), Inventories (D), Trade Receivables/Bills Receivables (A), Cash and Cash Equivalents (B), Short-term Loans and Advances (C).
Identify the correct sequence of current assets in company's Balance sheet? A. Bills Receivables B. Cash & cash equivalents C. Short term loans &…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
Identify the correct sequence of current assets in company's Balance sheet?
A. Bills Receivables
B. Cash & cash equivalents
C. Short term loans & advances
D. Inventories
E. Current investments
Choose the correct answer from the options given below:
Official previous-year question
Held on 30 Aug 2022 · Verified 13 Jul 2026.
Options
- A
C, A, B, E, D
- B
D, C, E, A, B
- C
B, D, E, C, A
- D
E, D, A, B, C
Did you get this right?
Sign in to track your attempts and accuracy.
Your note
Sign in to keep a private note on this question. Nothing you write is ever public.
CUET UG Financial Statements in other years
More CUET UG Financial Statements questions
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
2025easy
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 Choose the correct answer from the options given below:
2025medium
Auditor issues Annual report of company refering to___.
2025easy
Profit after tax and interest is Rs 1,60,000. Tax rate is 20% 10% long term borrowing is Rs 20,00,000 Find profit before tax and after interest
2025easy
'Vertical analysis' is also known as: (A) Ratio Analysis (B) Cash Flow Analysis (C) Comparative Statement Analysis (D) Common Size Statement Analysis Choose the correct answer from the options given below:
2025easy
Other Accountancy topics for CUET UG
Keep practicing Financial Statements
Work through every CUET UG Financial Statements PYQ, year by year.