Financial Statements of Companies – Schedule III MCQs Explained | CA Inter and WBA&AS Aspirant |

Описание: This lecture focuses on the practical application of Schedule III of the Companies Act, 2013 through important MCQs that are frequently asked in CA Inter examinations.
🔍 Topics Covered in this Video:
✔ Applicability of Accounting Standards under Section 133
✔ Companies exempted from preparing Cash Flow Statement
✔ Classification of Loan Instalments – Short Term & Long Term Borrowings
✔ Ageing Schedule of Trade Receivables and Trade Payables
✔ Rules regarding declaration of Interim Dividend
✔ Calculation of Profit for the Year from given financial data
✔ Treatment of Provision for Gratuity in Balance Sheet
✔ Classification of Unpaid Matured Debentures & Accrued Interest
✔ Presentation of Bank Deposits of 9 Months
✔ Computation of Reserves & Surplus after adjusting Preliminary Expenses
✔ Accounting treatment of Dividend declared after Balance Sheet Date
✔ Treatment of Interest Accrued but not Due in Loan Account
✔ Classification of Unclaimed Dividend
✔ Items included in Other Expenses under Schedule III
✔ Meaning and presentation of Trade Payables
✔ Presentation of Securities Premium Account
✔ Classification of Fixed Assets held for Sale
✔ Meaning of Current Maturity of Long Term Debt
✔ Conditions for declaration of dividend – treatment of depreciation
✔ Meaning of Financial Statements as per Section 2(40)
✔ Which Schedule is applicable for preparing Financial Statements
✔ Treatment of Contingent Liabilities
This session is extremely useful for:
📚 CA Inter – Advanced Accounting
📘 B.Com / M.Com Students
📝 Revision before Exams
🎯 Concept Clarity through MCQs
👉 Watch till the end to strengthen your understanding of Financial Statements of Companies in the easiest possible way.