Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Financial Statements of a Company

Question:

Write the correct sequential order of various sub heads under Current Assets.

(A) Inventories
(B) Trade Receivables
(C) Cash and Cash equivalents
(D) Other Current Assets
(E) Current Investments

Choose the correct answer from the options given below:

Options:

(A), (B), (C), (D), (E)

(B), (C), (A), (D), (E)

(D), (B), (A), (C), (E)

(E), (A), (B), (C), (D)

Correct Answer:

(E), (A), (B), (C), (D)

Explanation:

The correct answer is Option (4) - (E), (A), (B), (C), (D).


(E) Current Investments

(A) Inventories

(B) Trade Receivables

(C) Cash and Cash equivalents

(D) Other Current Assets

 

ASSETS SIDE OF BALANCE SHEET


1) Non-Current Assets

  • (a) Fixed assets
           (i) Tangible assets
           (ii) Intangible assets
           (iii) Capital work-in-progress
           (iv) Intangible assets under development
  • (b) Non-current investments 
  • (c) Deferred tax assets (net) 
  • (d) Long-term loans and advances 
  • (e) Other non-current assets

2) Current Assets

  • (a) Current investments
  • (b) Inventories
  • (c) Trade receivables
  • (d) Cash and cash equivalents
  • (e) Short-term loans and advances
  • (f) Other current asset