✓ Board-verified
Accountancy · 2026 · 3 marks
CBSE 2026 · Region 4 · Set 3 · 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, $\displaystyle 2013$ : (a) Licenses and Franchise (b) Capital Advance (c) Stores and Spares
Marking-scheme solution
Item Major head Sub-head
(a)
Licenses and Non-Current Assets Property, Plant and
Franchise Equipment and Intangible
asset
(b)
Capital Advance Non-Current Asset Long term loans and
advances
(c)
Stores and Spares Current Assets Inventories
All Financial Statements of a Company questions2026 question paperPractice Financial Statements of a Company →
More from Financial Statements of a Company
- 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…2023
- Classify the following items under major heads and subheads (if any) in the Balance Sheet of the company as per Schedule III, Part I of the Companies…2026
- 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…2023
- 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…2026
- 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…2025
- Classify the following items under major heads and sub-heads (if any) 111 • the Balance Sheet of the company as per Schedule-III, Part-I of the…2025
- Under which major heads and sub-heads will the following items be presented in the Balance Sheet of a Company as per Schedule III, Part I of the…2023
- Which of the following is a financial statement of a company? OR Which of the following is not a Solvency Ratio?2026
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.