Mudra Ltd. Is in the process of preparing its Balance Sheet as per Schedule III, Part I of the Companies Act, 2013 and provides its true and fair view of the financial position.
- Under which head and sub-head will the company show ‘Stores and Spares’ in its Balance Sheet?
- What is the accounting treatment of ‘Stores and Spares’ when the Company will calculate its Inventory Turnover Ratio?
- The management of Mudra Ltd. wants to analyse its Financial Statements. State any two objectives of such analysis.
- Identify the value being followed by Mudra Ltd.