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Shares, debentures, company final accounts in Schedule III, amalgamation and valuation.
Company accounts are where B.Com students lose the most marks, and where junior accountants make costly errors with share capital and reserves. The entries are easier when you see each one move into the Schedule III statements.
A simulator for company accounts under the Companies Act 2013 and the Accounting Standards. Record share issues, calls, forfeiture and reissue, rights, bonus and buy-back, debentures and their redemption, then prepare the Statement of Profit and Loss and Balance Sheet in Schedule III format.
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CA, EA, B.Com, PG DBM, Six Sigma & Pursuing ACCA · 25+ years in global tax, 10+ years in the US · Former Big 4 Tax and Transformation Leader who led teams of 600+ professionals.
No. It follows the Accounting Standards (AS) and Companies Act 2013 as taught in B.Com.
Always. Every entry flows to the Schedule III Balance Sheet.
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