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Accountancy · 2026 · 3 marks
CBSE 2026 · Region 2 · 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 Companies Act, $\displaystyle 2013$ : (i) Loose tools (ii) Design (iii) Capital work in progress
Marking-scheme solution
Item Major head Sub-head
(i)
Loose Tools Current Assets ½ Inventories ½
(ii)
Design Non-Current Assets ½ Property, Plant and Equipment
and Intangible Assets ½
(iii)
Capital work in Non-Current Assets ½ Property, Plant and Equipment and
progress ½
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.