Скачать или смотреть Financial Statements of a Company & Components (Schedule III) | Concept No. 20 | Class 12 Acc

In this video, we explain Concept No. 20 – Financial Statements of a Company and the components prescribed under Schedule III of the Companies Act, 2013 for Class 12 Accountancy.

Students will understand what financial statements are, why companies prepare them, and how Schedule III formats the Balance Sheet and Statement of Profit and Loss.

This topic is extremely important for CBSE Board exams and is frequently asked in 1-mark, 3-mark, and theory-based questions.

What is covered:

Meaning of Financial Statements of a Company

Objectives of Financial Statements

Components of Financial Statements as per Schedule III:

Balance Sheet

Statement of Profit and Loss

Notes to Accounts

Structure of Company Balance Sheet

Classification of Assets and Liabilities

Current vs Non-Current

Format of Statement of Profit and Loss

Importance of Notes to Accounts

Board-oriented theory explanation

This video is ideal for Class 12 CBSE students preparing for the 2026 Board Examination.
Channel: Success Mantra for Class 11 and 12
Educator: CA Manish Kalra