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Under which main… (Class 12 Accountancy SQP 2026-27, Q32)

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AccountancyCBSE Class 12 · Sample paper, session 2026-27 · 3 marks · Short answer

CBSE Class 12 Accountancy sample paper 2026-27: question 32

From the official CBSE sample question paper for 2026-27, section B-I, question 32, for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q32 · 3 marks · Short answerFinancial Statements of a Company

Under which main head and sub - head of the financial statements are the following items classified or shown:
I. Warranty claims payable.
II. Preliminary expenses written off.
III. Interest Accrued and Due on Debentures.

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.

Hints

Open one hint at a time and try again before the next.

Hint 1

Preliminary expenses are written off as an expense, not shown as an asset.

Hint 2

Interest due on debentures is payable now.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. I. Warranty claims payable: Current Liabilities, sub-head Other Current Liabilities.

    1 mark

  2. II. Preliminary expenses written off: Statement of Profit and Loss, under Expenses, sub-head Other Expenses.

    1 mark

  3. III. Interest accrued and due on debentures: Current Liabilities, sub-head Other Current Liabilities.

    1 mark

Answer: I: Current Liabilities, Other Current Liabilities; II: Statement of Profit and Loss, Other Expenses; III: Current Liabilities, Other Current Liabilities

Where the marks are

  • 1 mark for each item (3 marks)

Revise the chapter

Practise this chapterBoard-style questions from Financial Statements of a Company, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2026-27: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.