Limitations of financial statements include: they can be biased (A), they present aggregate information lacking detail (C), and they are only interim reports not final (D). Options B and E are advantages/uses, not limitations.
CUET UG 2022 — Accountancy Financial Statements
Identify the limitations of financial statements :
A. Can be biased
B. Report on stewardship function
C. Aggregate information
D. Only interim reports
E. Basis of fiscal policies
Choose the correct answer from the options given below:
Held on 30 Aug 2022 · Verified 13 Jul 2026.
A, C, B only
A, C, D only
E, A, D only
B, A, C only
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Profit before interest and tax-
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:
Auditor issues Annual report of company refering to___.
If the net profits earned during the year is Rs. 50,000 and the amount of debtors at the beginning and the end of the year is Rs. 10,000 and Rs. 20,000 respectively, then the cash from operating activities will be equal to:
Cash advances and loans made by financial enterprises are usually classified as ___________ activity.
Work through every CUET UG Financial Statements PYQ, year by year.