{"id":3809,"date":"2018-03-07T11:07:23","date_gmt":"2018-03-07T05:37:23","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3809"},"modified":"2022-02-01T11:42:57","modified_gmt":"2022-02-01T06:12:57","slug":"elements-of-financial-statements","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/","title":{"rendered":"Elements &#038; sign of Financial Statements of company"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d01ab548b6f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d01ab548b6f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Elements_sign_of_Financial_Statements_of_company\" title=\"Elements &amp; sign of Financial Statements of company \">Elements &amp; sign of Financial Statements of company <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#What_is_Financial_Statement\" title=\"What is Financial Statement?\">What is Financial Statement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#How_to_Prepare_a_Financial_Statement\" title=\"How to Prepare a Financial Statement?\">How to Prepare a Financial Statement?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Assets\" title=\"Assets \">Assets <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Liabilities\" title=\"Liabilities\">Liabilities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Equity\" title=\"Equity\">Equity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Income\" title=\"Income\">Income<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Who_can_sign_the_financial_statements_as_per_the_Companies_Act_2013\" title=\"Who can sign the financial statements as per the Companies Act 2013?\">Who can sign the financial statements as per the Companies Act 2013?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Is_it_possible_to_sign_financial_statements_digitally\" title=\"Is it possible to sign financial statements digitally?\">Is it possible to sign financial statements digitally?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Date_On_Which_The_Financial_Statement_Was_Signed\" title=\"Date On Which The Financial Statement Was Signed\">Date On Which The Financial Statement Was Signed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Is_it_possible_to_have_separate_signing_dates_for_financial_statements\" title=\"Is it possible to have separate signing dates for financial statements?\">Is it possible to have separate signing dates for financial statements?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Financial_Statement_Approval\" title=\"Financial Statement Approval\">Financial Statement Approval<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Signed_of_Financial_Statement_Adoption_and_Circulation\" title=\"Signed of Financial Statement Adoption and Circulation\">Signed of Financial Statement Adoption and Circulation<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Boards_Report_Content\" title=\"Board\u2019s Report Content: \">Board\u2019s Report Content: <\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#Reference_Manual_Book_Revised_Schedule_VI_of_Company_Act\" title=\"Reference Manual Book Revised Schedule VI of Company Act\u00a0\u00a0\">Reference Manual Book Revised Schedule VI of Company Act\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/elements-of-financial-statements\/#tally_manual_for_tax_audit_report\" title=\"tally manual for tax audit report\">tally manual for tax audit report<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/fin.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8770\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/fin.jpg\" alt=\"www.carajput.com; Financial Statement\" width=\"926\" height=\"463\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/fin.jpg 318w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/fin-300x150.jpg 300w\" sizes=\"(max-width: 926px) 100vw, 926px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elements_sign_of_Financial_Statements_of_company\"><\/span><span style=\"color: #ff0000;\">Elements &amp; sign of Financial Statements of company <\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Financial_Statement\"><\/span><span style=\"color: #000080;\"><b>What is <a href=\"https:\/\/www.caindelhiindia.com\/blog\/relaxation-of-additional-fees-and-extension-of-last-date-of-in-filing-of-forms-mgt-7-annual-return-and-aoc-4-financial-statement-under-the-companies-act-2013\/\">Financial Statement?<\/a><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Financial elements of a financial statement are broadly classified into five categories. These are grouped according to the monetary characteristics they possess.<\/p>\n<p>As per Section 2 (40) of the companies Act 2013 states that the financial statement includes the below:<\/p>\n<ul>\n<li aria-level=\"1\">Profit and loss account, or in the case of a nonprofit organization, an income and expenditure account for the financial year<\/li>\n<li id=\"prepare\" aria-level=\"1\">Annexure forming part of the Financial Statement<\/li>\n<li>Balance sheet;<\/li>\n<li aria-level=\"1\">Statement of changes in equity, if any; and<\/li>\n<li aria-level=\"1\">Cash flow statement<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Prepare_a_Financial_Statement\"><\/span><span style=\"color: #000080;\"><b>How to Prepare a Financial Statement?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18797\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/Details-of-guarantees-loans-or-Investments..png\" alt=\"FS \" width=\"824\" height=\"382\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/Details-of-guarantees-loans-or-Investments..png 330w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/Details-of-guarantees-loans-or-Investments.-300x139.png 300w\" sizes=\"(max-width: 824px) 100vw, 824px\" \/><\/p>\n<p id=\"sign\">Financial statement of company shall be prepared in accordance with section 129 (Schedule III )of the Companies Act, 2013 and such FS laid before shareholders at the AGM of the company.<\/p>\n<p style=\"text-align: justify;\">Let\u2019s have a brief understanding of all five.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Assets\"><\/span><span style=\"color: #000080;\"><strong>Assets <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">An asset is a resource (either tangible or intangible) which is in control of the enterprise to derive monetary benefits from the use of it. Some of the points to be remembered are:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Asset should not necessarily have a physical existence.<\/li>\n<li>An asset need not necessarily be owned. It should only be in control of the enterprise. An asset taken on lease from its owner will not be mentioned in the books of the owner but to whom it is in control of or leased to.<\/li>\n<li>In order for an asset to be recognized, there should be sufficient control over it. For example copyrights, patents, trademarks etc.<\/li>\n<li>An asset in order to be called an asset should be able to reap future financial benefits. An asset that ceases to have any value in a current accounting period cannot be termed as an asset.<\/li>\n<li>Asset\u2019s value or cost should be easily calculable or measurable.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Liabilities\"><\/span><span style=\"color: #000080;\"><strong>Liabilities<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Liability is defined as an obligation of an enterprise that arose as a result of past events. Some of the important points to be remembered in its context are:<\/p>\n<ul style=\"text-align: justify;\">\n<li>A liability is recognized with the evidence shown in the balance sheet date.<\/li>\n<li>Certain provisions like provision for depreciation, provision for bad and doubtful debts and other provisions are not considered aliability but rather as a reduction in the value of theasset.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Equity\"><\/span><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/taxation-on-income-from-equity-and-debt-mutual-fund\/\"><strong>Equity<\/strong><\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Equity can be defined as the remaining interest of an enterprise over its assets after deduction of liabilities from it. In short, equity is the excess of aggregate assets over aggregate liabilities.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Income\"><\/span><span style=\"color: #000080;\"><strong>Income<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Income can be:<\/p>\n<ul style=\"text-align: justify;\">\n<li>any increase in the economic benefit as a result of inflow or encashment of asset<\/li>\n<li>Increase in equity with the decrease in liability.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Income also includes revenues and gains. Revenue is an income that arises during the ordinary course of business whereas, a gain is an income that may or may not arise during the normal course of business.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000080;\"><strong>Expense<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">The expense is an antonym of income. Following are considered as an expense:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Any decrease in the economic benefit as a result of outflow<\/li>\n<li>Deterioration of assets<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The expense is defined as the charges incurred in the ordinary course of business like wages paid, rent paid etc., whereas losses may or may not incur in the ordinary course of business. For example loss on the sale of fixed assets. Expenses are shown on the debit side of profit and loss A\/C.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18798\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/Financial-Statement..jpg\" alt=\"Financial-Statement.\" width=\"840\" height=\"560\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/Financial-Statement..jpg 600w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/Financial-Statement.-300x200.jpg 300w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_can_sign_the_financial_statements_as_per_the_Companies_Act_2013\"><\/span><span style=\"color: #000080;\"><b>Who can sign the financial statements as per the Companies Act 2013?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The following individuals will sign the 2013 Financial Statement in accordance with Section 134 of the Companies Act:<\/p>\n<ul>\n<li>Company&#8217;s CEO\/CS\/CFO (on the basis of their appointment in Company) OR<\/li>\n<li>There are 2 directors (out of which 1 shall be Managing Director)<\/li>\n<li>Chairman of the Board of Directors (if he has been authorized by the BOD)<\/li>\n<\/ul>\n<p>Note: Irrespective of whether he chaired the meeting or not, the company&#8217;s chairperson can sign financial statements after being authorized by the Board of Directors.<\/p>\n<p>When the auditor receives the signed financial statement, the auditor will prepare an auditor&#8217;s report, which will be appended to the financial statement.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_it_possible_to_sign_financial_statements_digitally\"><\/span><span style=\"color: #000080;\">Is it possible to sign financial statements digitally?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Directors, Chief Executive Officer\/ Company Secretary\/ Chief Financial Officer, and the Company&#8217;s Statutory Auditors can also sign the Financial Statements online with their Digital Signatures.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Date_On_Which_The_Financial_Statement_Was_Signed\"><\/span><span style=\"color: #000080;\">Date On Which The Financial Statement Was Signed<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The date on which the Financial Statements, including the Balance Sheet, Profit, and Loss Statement, Cash Flow Statement, and other supporting documents, are signed can be either before or after the date on which the audit report is signed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_it_possible_to_have_separate_signing_dates_for_financial_statements\"><\/span><span style=\"color: #000080;\"><strong>Is it possible to have separate signing dates for financial statements?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The financial statements of the company are sent to the Auditors for signature after they have been signed by the Directors. Auditors and directors can sign the financial statement from separate locations and on different dates, i.e. the date on which the auditors sign the financial statement may differ from the date on which the directors sign it.<\/p>\n<p>When both the Directors and the Auditor sign the Financial Statement of the Company, it is approved by the shareholders at the Annual General Meeting of the Company.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Statement_Approval\"><\/span><span style=\"color: #000080;\"><b>Financial Statement <\/b><b>Approval<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to Section 134(1), the Company&#8217;s financial statements must be approved by the board of directors in a meeting and signed on behalf of the board.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-18800\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/FS-process-of-adoptation-.jpg\" alt=\"FS process of adaptation \" width=\"904\" height=\"1131\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/FS-process-of-adoptation-.jpg 904w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/FS-process-of-adoptation--240x300.jpg 240w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/FS-process-of-adoptation--818x1024.jpg 818w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/FS-process-of-adoptation--768x961.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/03\/FS-process-of-adoptation--800x1001.jpg 800w\" sizes=\"(max-width: 904px) 100vw, 904px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Signed_of_Financial_Statement_Adoption_and_Circulation\"><\/span><span style=\"color: #000080;\">Signed of Financial Statement Adoption and Circulation<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A financial Statement must be adopted by the firm at the Annual General Meeting. The company&#8217;s Annual General Meeting might be convened within six months of the financial year&#8217;s end, on September 30th.<\/p>\n<p>The financial statement including any consolidated financial statements shall be circulated after signing, together with a copy of each of\u2014<\/p>\n<ul>\n<li><span style=\"font-style: inherit;\">Board\u2019s report<\/span><\/li>\n<li>Auditor\u2019s report; and<\/li>\n<li>any notes or annexure<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Boards_Report_Content\"><\/span><strong>Board\u2019s Report<\/strong><span style=\"font-style: inherit;\"> <strong>Content: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><span style=\"font-style: inherit;\">No of Board Meetings.<\/span><\/li>\n<li><span style=\"font-style: inherit;\">Declaration by Independent Directors.<\/span><\/li>\n<li><span style=\"font-style: inherit;\">CSR Policy<\/span>&amp; initiatives<\/li>\n<li><span style=\"font-style: inherit;\">Address of Website of the company.\u00a0<\/span><\/li>\n<li><span style=\"font-style: inherit;\">Statement of the Company\u2019s affairs.<\/span><\/li>\n<li><span style=\"font-style: inherit;\">Details of Contracts or Arrangements with Related party ( Form No. AOC-2 )<\/span><\/li>\n<li><span style=\"font-style: inherit;\">Director\u2019s Responsibility statement.<\/span><\/li>\n<li><span style=\"font-style: inherit;\">Conservation of energy, technology absorption, and foreign exchange.<\/span><\/li>\n<li><span style=\"font-style: inherit;\">Policy on Remuneration &amp; Director\u2019s Appointment. <\/span><\/li>\n<li><span style=\"font-style: inherit;\">Any adverse remarks received from the Secretarial Auditor in his Report (MR-3) or by the Internal auditor and comment on that remark by the Board of directors of the\u00a0<\/span><\/li>\n<li><span style=\"font-style: inherit;\">Details of fraud Reported by the auditor.<\/span><\/li>\n<li><span style=\"font-style: inherit;\">Statement of Annual Evaluation\u00a0<\/span><\/li>\n<li><span style=\"font-style: inherit;\">Details of guarantees, loans or Investments.<\/span><\/li>\n<li>Amount carrying reserves or paid by Dividend.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><span style=\"color: #000080;\"><b>Conclusion<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>According to Section 134 of the Companies Act, the company&#8217;s 2013 financial statement must be signed in compliance with the Act&#8217;s laws and provisions.<\/p>\n<p>Every company is required to comply with the Act&#8217;s provisions. If the company fails to comply with the Act&#8217;s provisions regarding the signing of financial statements, the company will be fined 3 lakhs Rupees, and each officer of the company who is in default will be fined 50,000\/- Rupees, and all of the company&#8217;s directors and officers will be subject to fines, imprisonment, or both.<\/p>\n<p>Popular blog:-<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Reference_Manual_Book_Revised_Schedule_VI_of_Company_Act\"><\/span><a href=\"https:\/\/carajput.com\/archives\/reference-manual-book-revised-schedule-vi-of-company-act.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/archives\/reference-manual-book-revised-schedule-vi-of-company-act.pdf\">Reference Manual Book Revised Schedule VI of Company Act\u00a0\u00a0<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"tally_manual_for_tax_audit_report\"><\/span><a href=\"https:\/\/carajput.com\/archives\/tally-manual-for-tax-audit-report.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/archives\/tally-manual-for-tax-audit-report.pdf\">tally manual for tax audit report<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Elements &amp; sign of Financial Statements of company What is Financial Statement? Financial elements of a financial statement are broadly classified into five categories. These are grouped according to the monetary characteristics they possess. As per Section 2 (40) of the companies Act 2013 states that the financial statement includes the below: Profit and loss &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[249],"tags":[1038,1043,1040,1042,1041,1039],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3809"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=3809"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3809\/revisions"}],"predecessor-version":[{"id":21713,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3809\/revisions\/21713"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}