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Accountancy · 2024 · 3 marks
CBSE 2024 · Region 5 · Set 2 · Q31
Under which major heads and sub-heads will the following items be placed in the balance sheet of the company as per Schedule III, Part I of the Companies Act, $\displaystyle 2013$ : (i) Computer Software (ii) Unclaimed dividend (iii) Loose Tools
Marking-scheme solution
S.No. Items Heads Sub Heads
(i)
Computer Software Non Current Assets Fixed Assets/ Property, Plant
and Equipment and
Intangible assets
-Intangible Assets
(ii)
Unclaimed dividend Current Liabilities Other Current Liabilities
(iii)
Loose Tools Current Assets Inventories
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.