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Accountancy · 2026 · 3 marks
CBSE 2026 · Region 3 · Set 1 · Q31
Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of a company as per Schedule-III, Part-I of the Companies Act, $\displaystyle 2013$ : (i) Prepaid insurance (ii) Securities Premium (iii) Design
Marking-scheme solution
Item Major Head Sub Head
(i)
Prepaid Insurance Current Assets (½) Other Current Assets (½)
(ii)
Securities Premium Shareholders’ Funds Reserves and Surplus
(½) (½)
(iii) Design Non-Current Assets Property, Plant & Equipment and
Intangible Assets
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CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.