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Schedule Iii Questions

Practice 2 Schedule Iii questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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Practice by Exam:Accountancy(2)

About Schedule III — practice questions, PYQs & concepts

Schedule III is a frequently-tested topic on Accountancy. ExamTest.live currently lists 2 Schedule III 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.

Schedule III weight in competitive exams

Across our Schedule III question bank, the largest sources are Accountancy (2). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 1 easy Schedule III 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 Schedule Iii Questions(1–2 of 2)

Filter:
Q1easymcqAccountancyCUET 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:
Q2mediummcqAccountancyCUET Accountancy 2025 14 May Shift 22026
Which combination of statements is correct in accordance with the presentation format prescribed under the revised Schedule III to the Companies Act, 2013?(A) Shareholders' funds are sub-classified as Share Capital, Reserves and Surplus, and Money received against Share Warrants.(B) Reserves and Surplus include Revaluation Reserve.(C) Both tangible and intangible assets are current assets.(D) Deferred tax assets/liabilities are always non-current.Choose the correct answer from the options given below:

Frequently Asked Questions

How many Schedule Iii questions are on ExamTest.live?▼
We have 2 Schedule Iii questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Schedule Iii MCQs free?▼
Yes. All Schedule Iii questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Schedule Iii questions?▼
Schedule Iii questions are commonly asked in Accountancy. You can filter by exam using the links above.
How do I practice Schedule Iii 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.