Company Final Accounts — Formula Sheet
Gujarat Board · Class 12 · Elements of Accounts
6 formulas from Company Final Accounts (Gujarat Board Class 12 Elements of Accounts) on one page, grouped by topic.
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Formulas and Key Relations
Balance Sheet — Format and Classification
Total Equity and Liabilities = Total Assets
Statement of Profit and Loss — Format and Items
Profit Before Tax = Total Revenue - Total Expenses
Profit After Tax = Profit Before Tax - Provision for Tax
Changes in Stock = Opening Stock - Closing Stock
Net Purchases = Total Purchases - Purchase Returns
Net Sales (Revenue from Operations) = Sales - Sales Returns
Full sheet with units and worked examples
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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