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

and not for Partnership/Proprietorship


  1. Accounts and Finance
  2. Step 4 Balance Sheet Finalization Procedure
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at .
  • mohd afridi's image


        Dear Sir,

                         formate of profit & loss A/c schedule 3 me income from revenue ke bad

                         Less:-Exice duty ko diya gaya hai jo ki ab nahi ..

                         to naya formate kya hoga

    View answer
  • mohd afridi's image


         this requirement is only companies private limited and limited companies,


        not for proprietorship and partnership so what'll use in these formate

    View answer