All companies should prepare their financial statements as per .

Schedule I

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Schedule II

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Schedule III

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Schedule IV

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Solution

The correct option is C Schedule III
The financial statement of all the companies is prepared according to Schedule III of Companies Act, 2013.

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1956

	₹		₹
General Reserve	3,000	Fixed Assets: Tangible Assets (Cost)	9,000
8% Debentures	3,000	Other Current Liabilities	2,500
Surplus, i.e., Balance in Statement of Profit and Loss (Credit)	1,200	Share Capital	5,000
Depreciation of Fixed Assets	700	Other Current Assets	6,400

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