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Accountancy · 2025 · 3 marks
CBSE 2025 · Region 4 · 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 Companies Act, $\displaystyle 2013$ : (a) Calls-in-Advance (b) Work-in-Progress (c) Bank Overdraft
Marking-scheme solution
S.N. Item Major Head Sub Head
(a)
Calls in Advance Current Liabilities Other Current Liabilities
(b)
Work in Progress Current Assets Inventories
(c)
Bank Overdraft Current Liabilities Short Term Borrowings
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CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.