As per Schedule III of the Companies Act, 2013, loose tools are included under the sub-head Inventories within Current Assets. Inventories include raw materials, work-in-progress, finished goods, stock-in-trade, stores and spares, and loose tools.
CUET UG 2023 — Accountancy Financial Statements
Select the sub-head under which loose tools will be shown in the Balance Sheet of a company -
Held on 29 May 2023 · Verified 13 Jul 2026.
Current Assets
Trade Receivables
Inventories
Other current Assets
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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.