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Balance Sheet Questions

Practice 15 Balance Sheet questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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15
Total Questions
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11
Easy
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3
Medium
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1
Hard
Practice by Exam:Accountancy(8)CUET Accountancy(7)

About Balance Sheet — practice questions, PYQs & concepts

Balance Sheet is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 15 Balance Sheet questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Balance Sheet weight in competitive exams

Across our Balance Sheet question bank, the largest sources are Accountancy (8) and CUET Accountancy (7). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 11 easy Balance Sheet questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Balance Sheet Questions(1–15 of 15)

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Q1easymcqAccountancyCUET Accountancy 2023 28 May Shift 12026
33% accuracy
Under which Sub-head do we show the Securities Premium in the Balance Sheet of a company?
Q2easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Match List I with List II:
image
Choose the correct answer from the options given below:
Q3mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Match the items in List I with their appropriate classifications under Schedule III of the Companies Act, 2013 in List II:List I (Items)List II (Classification)A. Shareholders' fundsI. Furniture and FittingsB. Current liabilitiesII. Prepaid expensesC. Current AssetsIII. Calls in AdvanceD. Non-current assetsIV. Surplus of Balance on statement of P and LChoose the correct answer from the options given below:
Q4hardmcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Identify the correct sequence of different items to be shown in a Balance-Sheet of a company.(A) Trade payable(B) Non-Current Investments(C) Deferred tax Liabilities(D) Intangible Assets(E) Long term borrowingChoose the correct answer from the options given below:
Q5mediummcqAccountancyCUET Accountancy 2023 11 June Shift 32026
State the correct order of categories of Share Capital as shown in 'Notes to Accounts' of Balance Sheet of a company.(A) Subscribed and Fully paid up Capital(B) Issued Capital(C) Subscribed but not fully paid up Capital(D) Authorised Capital(E) Share forfeited AccountChoose the correct answer from the options given below:
Q6easymcqAccountancyCUET Accountancy 2025 14 May Shift 22026
Arrange the following Balance Sheet items in the top-to-bottom sequence prescribed for the format of a corporate Balance Sheet under the revised Schedule III to the Companies Act, 2013:(A) Current Assets(B) Shareholder's Funds(C) Non-current Liabilities(D) Non-Current Assets(E) Current LiabilitiesChoose the correct answer from the options given below:
Q7easymcqCUET AccountancyCUET Accountancy 2025 15 May Shift 12026
Match List-I with List-IIList-IList-II(A) Reserves and Surplus(I) Share Options Outstanding Account(B) Non-current Liabilities(II) Long term provisions(C) Current Liabilities(III) Short-term borrowing(D) Shareholder's Fund(IV) Calls in arrearChoose the correct answer from the options given below:
Q8easymcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
In a company's Balance Sheet, the balance of the "Share Forfeiture Account" is presented under which main head/sub-item?
Q9easymcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
Arrange the given components under the "Property, Plant and Equipment and Intangible Assets" sub-head of Non-Current Assets in the correct order of presentation in a corporate Balance Sheet:(A) Intangible assets under development(B) Tangible assets / Property, Plant and Equipment(C) Intangible Assets(D) Capital Work-in-ProgressChoose the correct answer from the options given below:
Q10easymcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
A fixed deposit with a bank maturity term of five years will be classified under which of the following lines in a corporate Balance Sheet?
Q11mediummcqAccountancyCUET Accountancy 2025 22 May Shift 12026
In which order, the share capital of the Company is shown on the balance sheet:(A) Authorized Capital
(B) Subscribed and fully paid up Capital
(C) Issued Capital
(D) Subscribed but not fully paid upChoose the correct answer from the options given below:
Q12easymcqAccountancyCUET Accountancy 2025 27 May Shift 22026
The balance sheet provides information about the financial position of an enterprise:
Q13easymcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
Calls in arrears are shown in the balance sheet as:
Q14easymcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
Under what condition is an amount shown under the head 'Subscribed and Fully Paid up Share Capital' in the Balance Sheet of a Company?
Q15easymcqAccountancyCUET Accountancy 2025 3 June Shift 22026
Which among the following items does not appear on the main face of the balance sheet of a company?

Frequently Asked Questions

How many Balance Sheet questions are on ExamTest.live?▼
We have 15 Balance Sheet questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Balance Sheet MCQs free?▼
Yes. All Balance Sheet questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Balance Sheet questions?▼
Balance Sheet questions are commonly asked in Accountancy, CUET Accountancy. You can filter by exam using the links above.
How do I practice Balance Sheet questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.