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AccountancyFinancial Statements of a Company

Class 12AccountancyChapter 86 marksModerate

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Accountancy · Class 12Financial Statements of a CompanyVideo coming soonRead the notes instead

Schedule III Format, Balance Sheet Line Items, Statement of Profit and Loss and the board questions built on them — roughly 6 marks of the paper.

What this chapter covers

  1. 1Schedule III Format
  2. 2Balance Sheet Line Items
  3. 3Statement of Profit and Loss
  4. 4Notes to Accounts
  5. 5Contingent Liabilities

These lessons are being recorded. The written notes for this chapter are free to download now.

Learning resources

In the notes

Topics covered

  1. 01Schedule III Format29:17
  2. 02Balance Sheet Line Items17:43
  3. 03Statement of Profit and Loss18:42
  4. 04Notes to Accounts30:21
  5. 05Contingent Liabilities31:16

After this chapter you can

  • Explain schedule iii format without reading from the book
  • Present balance sheet line items in the format the marking scheme rewards
  • Attempt every previous year question set on this chapter
Marks
6
PYQs
14
Video
2h 7m

Then do the work

Practice

Important questions
44
Board questions
34
Numericals & applications
28
Open practice set

Revise

  • One-shot revision, 32 minutes
  • Format sheet for this chapter
  • Printable summary, 2 pages
Revision material

Prepare

Board appearances of Financial Statements of a Company by year
YearAsked asMarks
2025MCQ set6
2024Long answer2
2023Short answer4
2022Case based6
2021MCQ set2
All PYQs
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Follow the Seedha path

Target 95+ in Accountancy

Padho, Likho, Revise and Marks Laao. Chapter 8 of 11 — keep going while the format is fresh.