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Profit and Loss as per Schedule III for Manufacturing Companies (Factories)

Last updated at May 18, 2023 by

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

 

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.