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 equity and liabilities items of company's Balance Sheet?

Which Schedule and act prescribes the form for Companies Balance Sheet?

Define operating cycle

Under what heads and sub-heads the following items will appear in the Balance Sheet of a company as per schedule III, part-1 Companies Act 2013:
(i)Premium on redemption of Debentures
(ii)Loose tools
(iii)Balances with banks

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)Debenture;
(ii)Securities against telephone
(iii)Calls-in-advance

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)Computer software
(ii)Proposed Dividend
(iii)Loan payable on demand

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

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.

Calculate cost of material consumed from the information given below
Opening inventory
Raw material                                           Rs 1,25,000
Work-in-progress                                   Rs  4,75,000
Finished goods                                       Rs 2,25,000
Raw material purchased                        
during the year                                      Rs 9,75,000
Closing inventory
Raw material                                          Rs  3,15,000
Work-in-progress                                   Rs 1,25,000
Finished goods                                       Rs 4,75,000

In the question given above, determine the amount that will be shown in the statement of profit and loss against change in inventories of finished goods, work-in-progress and stock-in-trade.

Compute cost of materials consumed from the following information.
Opening inventory of materials Rs 5,00,000, materials purchased Rs 40,00,000 and closing inventory of materials Rs 6,00,000.

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%