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Accountancy · 2026 · 3 marks
CBSE 2026 · Region 2 · Set 1 · Q31
Classify the following items under the main heads and sub-heads (if any) of the Company's Balance Sheet according to schedule III, part I of…
Classify the following items under the main heads and sub-heads (if any) of the Company's Balance Sheet according to schedule III, part I of Companies Act, $\displaystyle 2013$ : (i) Outstanding expenses (ii) Work-in-progress (iii) Capital Advances
Marking-scheme solution
Item Major head Sub-head
(i)
Outstanding Current Liabilities Other Current Liabilities
expenses
(ii)
Work-in-progress Current Assets Inventories
(iii)
Capital Advances Non-Current Assets Long term loans and advances
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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.