1. Accounts and Finance
  2. Step 4 Balance Sheet Finalization Procedure
  3. Revised Schedule III Balance Sheet

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

Last updated at Dec. 6, 2016 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

 

  1. Accounts and Finance
  2. Step 4 Balance Sheet Finalization Procedure
    3. Revised Schedule III Balance Sheet
    Step 5 Preparing Projections and Budgets →
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Accounts and Finance
Step 4 Balance Sheet Finalization Procedure

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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 .