Check sibling questions

There is a legal requirement as per Companies Act 2013 that

Every company should ,prepare Profit and loss and Balance Sheet as per following format


Format of Profit and Loss

Compulsory requirement of Schedule III Balance Sheet - Making Revised Schedule III Balance Sheet


Format of Balance Sheet

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Download Format


This requirement is only for Companies (Private Limited and Limited Companies)

and not for Partnership/Proprietorship


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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.