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

What is an accounting period in case of a company?

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

List the items which are shown under the heading 'Current Liabilities' 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

Gyan Ud issued 10,000, 10% debentures of Rs 100 each on 1st October 2014 to be redeemed on 31st July 2015. How will it be shown in the balance sheet as at 31st March 2015?

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 revenue from operations, other income and total revenue for a non-financial company from the following information
sales Rs 1,04,00,000 sales return Rs 4,00,000, sale of scrap Rs 50,000 interest on fixed deposits Rs 60,000 dividend earned Rs 20,000

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 information of Evergreen Ltd for the year ended 31st March 2015, prepare the notes to accounts on finance costs.
(a) Interest paid on term loan Rs 5,00,000
(b) Interest paid on bank overdraft Rs 70,000
(c) Discount on issue of debentures written-off Rs 20,000
(d) Interest received on fixed deposits Rs 50,000
(e) Bank charges Rs 19,000
(f) Interest paid on deposits Rs 1,15,000

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%