✓ Board-verified
Accountancy · 2023 · 3 marks
CBSE 2023 · Region 5 · Set 2 · Q31
Under which major heads and sub-heads will the following items be presented in the Balance Sheet of a Company as per Schedule III, Part I of the Companies Act, $\displaystyle 2013$ : (a) Cheques-Drafts on hand (b) Work-in-Progress (c) Balance in Statement of Profit and Loss
Marking-scheme solution
S.N. Item Major Head Sub Head
a Cheques-Drafts on Hand Current Assets Cash and Cash
Equivalents
b Work-in-Progress Current Assets Inventories
c Balance in Statement of Profit Shareholders’ Funds Reserves and Surplus
and Loss
.
More from Financial Statements of a Company
- Classify the following items under major heads and sub-heads (if any). in the Balance Sheet of a company as…2023
- Classify the following items under major heads and subheads (if any) in the Balance Sheet of the company as…2026
- Classify the following items under major heads and sub - heads (if any) in the Balance Sheet of a company as…2023
- Classify the following items under major heads and sub-heads (if any). in the balance sheet of the company as…2026
- Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as…2025
- Classify the following items under major heads and sub-heads (if any) 111 • the Balance Sheet of the company…2025
- Which of the following is a financial statement of a company? OR Which of the following is not a Solvency…2026
- Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of a company as…2026
CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.