[ISC] Q. 17 Final Accounts of Companies Application Solution of TS Grewal ISC (2026-27) Edition

Solution of Q 17 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2026-27

Classify the following items under major head and sub-head (if any) in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:

(i) Capital Work-in-Progress;
(iii) Income received in Advance; and
(ii) Provision for Warranties;
(iv) Capital Advances.

Solution:-