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What is Financial Statements Preparation Guide about?

1) N Ltd prepared its financial statements for the year ended March 31, 2017 which included a balance sheet, statement of profit and loss, and notes to the accounts. 2) The balance sheet showed total equity and liabilities of Rs. 40,25,500 including share capital of Rs. 19,90,000, reserves and surplus of Rs. 3,47,000, current liabilities of Rs. 13,28,000 and short term provisions of Rs. 1,20,000. 3) The statement of profit and loss for the year ended March 31, 2017 showed a total revenue of Rs. 36,53,50

Author

Rajiv Jha

Language

EN