Show the following items in correct order in Statement of Profit and Loss as per the provisions of the Companies Act 2013 in Schedule III.
(A) Revenue from Operations
(B) Cost of material Consumed
(C) Profit
(D) Employee Benefit Expenses
(E) Amortisation and Depreciation
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A), (B), (D), (E), (C)
Schedule III Form of Statement of Profit and Loss:
(A) Revenue from Operations – item I, the first line.
(B) Cost of material Consumed – the first of the expenses (item IV).
(D) Employee Benefit Expenses – after cost of materials, purchases and changes in inventories.
(E) Amortisation and Depreciation – after employee benefits and finance costs.
(C) Profit – found only after all expenses are deducted.
NCERT (2026-27 edition):
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