Name the two basic financial statements of a company as per Schedule III part I of the Companies Act,2013.

What is the number of major heads which appear for the assets items of company's Balance Sheet?

Which section of the Companies Act 2013, requires the Balance Sheet to be prepared in the prescribed form?

Name any two items which are shown under the heading 'Shareholders' Funds'.

Under what heads and sub-heads the following items will appear in the Balance Sheet of a company as per Schedule III Part-I of companies Act 2013:
(i)Tax Reserve
(ii)Interest on calls in Advance
(iii)Stores and Spares

Under what heads and sub-heads will the following items appear in the Balance Sheet of a company as per Schedule III Part I of the Companies Act 2013:
(i)Subsidy Reserve
(ii)Patents
(iii)Provision for doubtful debts.

Show the major heads under which equity and Liabilities are presented in the Balance Sheet of a company as per schedule III part-I of the Companies Act,2013.

Name the sub-heads under the head 'Non-Current assets' in the Balance Sheet under Schedule-III of the companies Act.,2013

Give any two items presented under the heading 'short-term borrowings'.

Name any five items that can be disclosed under 'current investments'.

Calculate revenue from operations, other income and total revenue for a non-financial company from the following information. Sales Rs 50,40,000, sales return Rs 40,000, sale of scrap Rs 15,000, interest on fixed deposit Rs 5,000, dividend earned on shares of Agro Limited Rs 4,000.

Following balances have been extracted from the books of Vardhman Ltd on 31st March 2015.Equity share capital (2,00,000 equity shares of Rs 10 each) Rs 20,00,000. securities premium reserve Rs 4,00,000, 12% debentures Rs 10,00,000, creditors Rs 4,00,000, proposed divident Rs 1,00,000, surplus, i.i. balance in statement of profit and loss (debit) Rs 1,00,000, land and building Rs 18,00,000, government bonds Rs 10,00,000, capital work-in-progress(building) Rs 7,00,000, discount on issue of 12% debentures Rs 2,00,000, cash at bank Rs 1,00,000.Debentures were issued on 1st April, 2014 redeemable after 5 years, i.e. on 31st March 2019.Surplus, i.e. balance in statement of profit and loss is before writing off discount on issue of debentures.
Prepare the balance sheet of the company as per Schedule III, Part I of the Companies Act, 2013.
Identify the value involved in the presentation of balance sheet.

Calculate revenue from operations, other income and total revenue of a financial company from the following information.
Miscellaneous income Rs 10,000, interest on loans Rs 60,00,000, divident Rs 2,00,000, profiton sale of building Rs 30,00,000.

From the following trial balance of Aryaman Ltd for the year ended 31st March 2015, prepare statement of profit and loss as per Part II of Schedule III of the Companies Act, 2013.

Additional information
Closing inventory: Materials Rs 2,50,000, work-in-progress Rs 1,30,000, finished goods Rs 2,80,000.Provide for tax @ 35%