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Accountancy · 2024 · 3 marks
CBSE 2024 · Region 4 · 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…
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) Accrued Income (ii) Capital Advances (iii) Capital work-in-progress
Marking-scheme solution
Item Major Head Sub Head
i Accrued Income Current Assets Other Current Assets
ii Capital Advances Non- Current Assets Long term Loans &
Advances
iii Capital work in progress Non- Current Assets Fixed Assets/
Property, Plant
& Equipment
and Intangible
Assets-
Capital Work in
Progress.
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.