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In case of Manufacturing Companies,Stock is of 3 types

  • Raw Material and Consumables
  • Work in Progress
  • Finished Goods


 Hence ,there will be changes in 3 points coloured in Red below

(All other points same as for Trading Companies)

Profit and Loss as per Schedule III for Manufacturing Companies (Factories) - Making Revised Schedule III Balance Sheet


  1. Accounts and Finance
  2. Step 4 Balance Sheet Finalization Procedure
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About the Author

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 teachoo.com .