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15. "Fixed Asset held for sale" will be classified in the Balance Sheet as per Schedule III of the Companies Act as:

Options

ADeferred Tax Assets
BCurrent Asset
CNon-Current Asset
DLong term Investments Answers Key MCQ No. Answers
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Correct Answer

✅ Option B — Current Asset

All Options:

  • ADeferred Tax Assets
  • BCurrent Asset ✓
  • CNon-Current Asset
  • DLong term Investments Answers Key MCQ No. Answers

Detailed Solution & Explanation

Under Schedule III of the Companies Act, 2013:
1. Fixed assets held for sale are classified under Current Assets (under the head 'Other Current Assets').
2. Since their sale is expected to be completed within 12 months, they meet the criteria of current assets.
Hence, **Option B** is the correct answer.

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