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Accountancy · 2023 · 3 marks
CBSE 2023 · Region 2 · Set 1 · Q31
Under which major heads and sub-heads will the following items be presented in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, $\displaystyle 2013$ ? (i) Bills receivable (ii) Securities premium reserve (iii) Calls in advance
Marking-scheme solution
Item Major Head Sub Head
i Bills Receivable Current Assets Trade Receivables
ii Securities Premium Shareholders funds Reserve and Surplus
reserve
iii Calls in Advance Current liabilities Other Current
liabilities
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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.