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Schedule Iii Balance Sheet Questions

Practice 4 Schedule Iii 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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Practice by Exam:Accountancy(4)

About Schedule III Balance Sheet — practice questions, PYQs & concepts

Schedule III Balance Sheet is a frequently-tested topic on Accountancy. ExamTest.live currently lists 4 Schedule III 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.

Schedule III Balance Sheet weight in competitive exams

Across our Schedule III Balance Sheet question bank, the largest sources are Accountancy (4). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 2 easy Schedule III 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 Schedule Iii Balance Sheet Questions(1–4 of 4)

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Q1easymcqAccountancyCUET Accountancy 2025 13 May Shift 22026
Arrange the following line items in the sequence in which they appear in the Balance Sheet as prescribed in Part I of Schedule III of the Companies Act, 2013:(A) Non-current liabilities(B) Current liabilities(C) Current Assets(D) Shareholders' fundsChoose the correct answer from the options given below:
Q2mediummcqAccountancyCUET Accountancy 2025 14 May Shift 12026
Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013-(A) Shareholder's Funds(B) Non-Current Assets(C) Current Liabilities(D) Share Application money pending allotment(E) Current AssetsChoose the correct answer from the options given below:
Q3easymcqAccountancyCUET Accountancy2026
Arrange the following items in the correct sequence as they appear under the 'Equity and Liabilities' section in the Balance Sheet of a company:(A) Non-current Liabilities(B) Shareholder's Funds(C) Current Liabilities(D) Contingent liabilitiesChoose the correct answer from the options given below:
Q4mediummcqAccountancyCUET Accountancy 2025 3 June Shift 22026
Identify the type of Share Capital, which is clearly shown in the Notes to Accounts, but not included in the main column total of the Balance Sheet under the SHARE CAPITAL head:

Frequently Asked Questions

How many Schedule Iii Balance Sheet questions are on ExamTest.live?▼
We have 4 Schedule Iii Balance Sheet questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Schedule Iii Balance Sheet MCQs free?▼
Yes. All Schedule Iii Balance Sheet questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Schedule Iii Balance Sheet questions?▼
Schedule Iii Balance Sheet questions are commonly asked in Accountancy. You can filter by exam using the links above.
How do I practice Schedule Iii 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.