Скачать или смотреть Financial Statements of a Company Balance Sheet Format | 3-4 Marks Guaranteed | Class 12 Accountancy

Confused about where to put "Security Premium" or "Bills Payable" in a company's balance sheet? 🤔 In this detailed session, we break down the entire Liability side of the Balance Sheet as per Schedule III of the Companies Act, 2013. Master the heads and sub-heads to secure those crucial 3-4 marks in your board exams! 🚀

Financial Statements are the backbone of company accounting. In this video, we focus on the Position Statement (Balance Sheet). We cover the legal requirements under Section 129, explain why the balance sheet is prepared as per Schedule III Part I, and provide a deep dive into the four major heads of the Equity and Liabilities side: Shareholder's Funds, Application Money Pending Allotment, Non-Current Liabilities, and Current Liabilities. 💡

Key Learnings
✅ Legal Framework: Understanding Section 129 and Schedule III of the Companies Act, 2013.
✅ Position vs. Performance: Why the Balance Sheet is a "Position Statement" for a single day.
✅ Classification of Major Heads: Learn the 4 heads on the Liability side and 2 on the Asset side.
✅ Shareholder's Funds: Deep dive into Share Capital, Reserves & Surplus, and Money Received against Share Warrants.
✅ Non-Current vs. Current Liabilities: How to distinguish between Long-term and Short-term Borrowings/Provisions.
✅ Special Items: Accounting treatment for "Calls in Advance," "Unpaid Dividend," and "Current Maturities of Long-term Debt."
✅ Employee Benefits: Where to classify Gratitude, Provident Fund, and Leave Encashment.

⏰ CHAPTER TIMESTAMPS:
00:06 — Introduction to Financial Statements and Marks Distribution
02:02 — Section 129 & Schedule III: Legal Requirements
04:02 — Part 1 (Balance Sheet) vs. Part 2 (Statement of P&L)
05:14 — Balance Sheet as a "Position Statement" vs. "Performance Statement"
08:21 — The 6 Major Heads of a Company Balance Sheet
11:05 — Equity & Liabilities Side: The 4 Major Heads
16:48 — Shareholder's Funds: Share Capital & Reserves Sub-heads
19:28 — Important Concept: Reserve Capital vs. Capital Reserve
28:37 — Special Item: Share Option Outstanding Account
39:23 — What is a Share Warrant? (Rights & Definitions)
47:30 — Application Money Received Pending Allotment Explained
57:16 — Non-Current Liabilities: Long-term Borrowings & Provisions
01:03:35 — Classification of Debentures, Bonds, and Public Deposits
01:10:11 — Current Liabilities: Short-term Borrowings & Trade Payables
01:17:04 — Other Current Liabilities: Outstanding Expenses & Calls in Advance

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