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FinTattva — Financial Statements

Companies Act, 2013 — Prescribed formats for Balance Sheet and Statement of Profit & Loss

Currently viewing Division I (Accounting Standards). Applicable to companies following the Companies (Accounting Standards) Rules, 2006. Use the toggle in the top bar to switch divisions.

Balance Sheet

Part I — Statement of Financial Position

38line items
Shareholders' Funds (Share Capital, Reserves...)
Non-Current Liabilities (Borrowings, DTL...)
Current Liabilities (Trade Payables, Provisions...)
Non-Current & Current Assets

Statement of Profit and Loss

Part II — Income & Expenditure

26line items
Revenue from Operations
Expenses (Materials, Employee, Finance, Depreciation...)
Tax Expense (Current & Deferred)
Earnings per Share (Basic & Diluted)

General Instructions

Classification rules and disclosure requirements

3divisions covered
Current vs Non-Current classification
Notes to accounts requirements
Rounding and materiality rules

Quick Reference

Key differences between divisions

Division I: Equity & Liabilities first, then Assets
Division II: Assets first, then Equity & Liabilities
Division II includes OCI in P&L
Division II requires Statement of Changes in Equity
Division II has Financial Assets/Liabilities sub-classification