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Format of Statement of Profit & Loss and Balance Sheet

The document outlines the format for a balance sheet and profit and loss statement according to Indian accounting standards. The balance sheet includes sections for shareholders' equity and funds, non-current liabilities, current liabilities, non-current assets, and current assets. The profit and loss statement lists revenue, expenses including materials, employee, finance, depreciation and other costs, profit before tax, tax expenses, and net profit.

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Shalak Joshi
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131 views

Format of Statement of Profit & Loss and Balance Sheet

The document outlines the format for a balance sheet and profit and loss statement according to Indian accounting standards. The balance sheet includes sections for shareholders' equity and funds, non-current liabilities, current liabilities, non-current assets, and current assets. The profit and loss statement lists revenue, expenses including materials, employee, finance, depreciation and other costs, profit before tax, tax expenses, and net profit.

Uploaded by

Shalak Joshi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Format of the Balance Sheet as per IND AS

Balance Sheet as on DD/MM/YY


I

II

EQUITY AND LIABILITIES

Shareholders Funds
Share Capital
Reserves and Surplus (net of miscellaneous / preliminary expenses)
Money received against share warrants

Share application money pending allotment

Noncurrent liabilities
Long term borrowings
Deferred Tax Liabilities
Other Long term liabilities
Long term provisions

Current Liabilities
Short term borrowings
Trade payables (Creditors)
Other current liabilities
Short term provisions

Non Current Assets


Fixed assets (Less Accumulated Depreciation)
Noncurrent investments
Deferred tax assets
Long term loans and advances
Other noncurrent assets
Current Assets
Current Investments
Inventories
Trade Receivables (Debtors)
Cash and Cash equivalents
Short term loans and advances
Other current assets

ASSETS

Format of the Statement of Profit and Loss as per IND AS


Statement of Profit and Loss for the y.e. DD/MM/YY
Revenue from Operations
Other Income
Total revenue(a)
Expenses:
Cost of Materials consumed
Employee benefits expenses
Finance costs
Depreciation and amortization expenses
Other expenses
Total expenses(b)
Profit before tax (a-b)
Less: Tax expenses
Net profit after tax
Less: Dividends
Retained Earnings

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