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

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 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.