Practicing Success

Register
Start Free Mocks
CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks
Home Questions U7GXPKFPGK
Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Match List I with List II

List I List II
A. Long term provisions I. Current assets
B. Trade payables II. Non-current assets
C. Cash and Cash equivalent III. Non-current Liabilities
D. Long-term loans and advances IV. Current Liabilities

Choose the correct answer from the options given below:

Options:

A-IV, B-III, C-II, D - I

A-III, B-IV, C-I, D-II

A-II, B-III, C-IV, D-I

A-I, B-II, C-III, D-IV

Correct Answer:

A-III, B-IV, C-I, D-II

Explanation:

* Long term provisions- Non-current Liabilities
Non-current Liabilities (a) Long term borrowings (b) Deferred tax liabilities (net) (c) Other long term liabilities (d) Long term provisions

* Trade payables- Current Liabilities
Current Liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions

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

* Long-term loans and advances- Non-current assets
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

CUET Questions