Module 2 – Orientation to Financial Statements

Preparation of Statement of Profit and Loss as per Schedule III

Name of the company……………………………..

Profit and Loss Statement for the year ended……………..
( Rs in…..)
PARTICULARS Note No Amount
1) Revenue from Operations XXX
2) Other Income XXX

3) Total Revenue ( 1+2) XXX

4) Expenses:
Cost of Materials Consumed XXX
Purchases of Stock-in-trade XXX
Changes of inventories of Finished Goods/ XXX
Work in progress and Stock-in-trade XXX
Employee Benefits Expense
Finance Costs XXX
Depreciation and Amortization Expense XXX
Other Expenses XXX
XXX
Total Expenses
5) Profit before Tax ( 3-4) XXX
6) Less: Tax XXX

7) Profit before Tax ( 5-6) XXX

 PREPARATION OF BALANCE SHEET OF A COMPANY AS PER
SCHEDULE III
Name of the Company…………………………
Balance Sheet as on…………………………….
PARTICULARS Note No AMOUNT
1) Equity and Liabilities
i) Shareholder’s Funds
a) Share Capital
b) Reserves and Surplus
c) Money received against Share Warrants
ii) Share Application Money Pending Allotment
iii) Non-Current Liabilities
a) Long-term Borrowings
b) Deferred Tax Liabilities (Net)
c) Other Long-term Liabilities
d) Long term provisions
iv) Current Liabilities
a) Short-term Borrowings
b) Trade payables
c) Other current Liabilities
d) Short- term provisions

Total
2) Assets
i) Non-Current Assets
a) Fixed Assets
 Tangible Assets
 Intangible Assets
 Capital work in progress
 Intangible assets under development
b) Non-Current Investments
c) Deferred tax assets
d) Long term loans and advances
e) Other Non-current Assets
ii) Current Assets
a) Current Investments
b) Inventories
c) Trade Receivables
d) Cash and cash Equivalents
e) Short-term loans and advances
f) Other current assets

Total