Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Financial Statements of a Company

Question:

Arrange 'Fixed Assets' in proper order.

(A) Intangible assets under development

(B) Tangible assets

(C) Intangible Assets

(D) Capital Work in Progress

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is option 2- (B), (C), (D), (A).

(B) Tangible assets

(C) Intangible Assets

(D) Capital Work in Progress

(A) Intangible assets under development

 

ASSETS SIDE OF A BALANCE SHEET IS AS FOLLOWS-

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