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Accountancy · 2024 · 3 marks
CBSE 2024 · Region 4 · Set 3 · Q31
Under which Major Heads and Sub-Heads (if any) will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of…
Under which Major Heads and Sub-Heads (if any) will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, $\displaystyle 2013$ ? (i) Capital Advances (ii) Income received in Advance (iii) Stores and Spare Parts
Marking-scheme solution
Item Major Head Sub Head
i Capital Advances Non- Current Assets Long term Loans &
Advances
ii Income received in Current Liabilities Other Current
advance Liabilities
iii Stores and Spare Parts Current Assets Inventories
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.