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, 2013:

(i) Stores and Spares

(ii) Calls-in-Advance

(iii) Income received in advance

Marks-3, CBSE: 2023-24/Zone-5/Set-1/Q-31

Answer :

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