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Company final accounts

Arvinder (Assistant Professor ) (28 Points)

08 January 2015

Hi! I need to get the latest proforma of company p &l account and balance sheet...from where can I get?

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Deepak Gupta (CA Student) (15922 Points)
Replied 08 January 2015

Originally posted by : Arvinder
	Hi! I need to get the latest proforma of company p &l account and balance sheet...from where can I get?

Refer to Schedule III of the Companies Act, 2013. It contains the format for preparation and presentation of financial statements - Download
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Note 1: Up to F.Y. 2013-14, Revised Schedule VI notified under the Companies Act, 1956 is applicable whereas from F.Y. 2014-15 onwards, Schedule III will be applicable - Clarified by MCA General Circular No. 08/2014, dated 04.04.2014.
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Note 2: Except for addition of general instructions for preparation of Consolidated Financial Statements (CFS), the format of financial statements given under Schedule III is almost the same as that of revised Schedule VI.