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This part of Schedule sets out the minimum requirements for disclosure on the face of the Balance Sheet, and the Statement of Profit and Loss (hereinafter referred to as Financial Statements for the purpose of this Schedule) and Notes.
Schedules 1 (Capital), Schedule 2 (Reserves Surplus) and Schedule 4 (Borrowings) are relevant for calculation of Capital to Risk Weighted Asset Ratio (CRAR) as some balances under these schedules are considered for Calculation of CRAR.
The 3 types of balance sheets are: Comparative balance sheets. Vertical balance sheets. Horizontal balance sheets.
Schedule III of the Companies Act, 2013 provides the manner in which the company registered under the Act should prepare its Balance Sheet, Statement of Profit and Loss and notes. Schedule III is divided into the following three divisions Particulars. Details. Division I.
The Balance Sheet contains 12 Schedules which are: Capital and Liabilities: Assets: Profit and Loss Account: Appropriation: Explanation of Some Items:
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