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Accountancy · 2026 · 3 marks
CBSE 2026 · Region 1 · Set 2 · Q31
Classify the following items under major heads and sub-heads (if any) ' in the Balance Sheet of the company as per Schedule III Part I of the…
Classify the following items under major heads and sub-heads (if any) ' in the Balance Sheet of the company as per Schedule III Part I of the Companies Act $\displaystyle 2013$ : (i) Vehicles (ii) Provision for taxation (iii) Work in progress
Marking-scheme solution
Item Major head Sub-head
(i)
Vehicles Non- Current Property, Plant and Equipment and
Assets Intangible Assets
(ii)
Provision for Current Short term Provisions
taxation Liabilities.
(iii)
Work in progress Current Assets Inventories
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CBSE Class 12 Accountancy past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.