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Accountancy · 2026 · 3 marks
CBSE 2026 · Region 4 · Set 1 · Q31
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 Act, $\displaystyle 2013$ : (a) Interest Accrued on Investments (b) Calls-in-Advance (c) Mortgage Loans
Marking-scheme solution
Item Major head Sub-head
(a)
Interest Accrued on Current Assets Other Current Assets
$\displaystyle 1$/$\displaystyle 2$ $\displaystyle 1$/$\displaystyle 2$
Investments
(b)
Calls in Advance Current Liabilities Other Current Liabilities
$\displaystyle 1$/$\displaystyle 2$ $\displaystyle 1$/$\displaystyle 2$
(c)
Mortgage Loan Non-Current Long term borrowings
Liabilities
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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.