Practice Presentation of Company Financial Statements Questions and Answers

• To assess the capital invested in the company's operations, K Ltd. needs to determine the capital employed. Given the provided financial data, what is the ...
• The Division III, inserted in Schedule III of the Companies Act, 2013, prescribes the format for preparation of financial statements of which of the follow...
• ABC Ltd. follows Ind AS and presents its balance sheet as per Schedule III of the Companies Act. The company receives ₹5 crore from the issue of debentur...
• Which of the following best explains the purpose of notes to accounts in financial statements?
• While preparing the statement of profit and loss, ABC Ltd. classifies its revenue from sale of products under “Other Income.” Is this in compliance wit...
• In preparing financial statements as per Schedule III of the Companies Act, ABC Ltd. classifies ‘Share Application Money Pending Allotment’ under curre...
• Under Schedule III, which of the following is classified under ‘Other Current Liabilities’?
• XYZ Ltd. classifies bank overdraft under 'Cash and Cash Equivalents' in the balance sheet. The overdraft is repayable on demand and regularly fluctuates fr...
• As per Schedule III of the Companies Act, where should 'Unpaid Dividend' and 'Unclaimed Matured Deposits' be shown in the balance sheet?
• ABC Ltd. follows Ind AS and presents its balance sheet as per Schedule III of the Companies Act. The company receives ₹5 crore from the issue of debentur...
• While preparing the statement of profit and loss, ABC Ltd. classifies its revenue from sale of products under “Other Income.” Is this in compliance wit...
• XYZ Ltd. changed the format of its Statement of Profit and Loss from ‘nature of expense’ method to ‘function of expense’ method in accordance with ...