Financial statements are prepared following the consistent accounting concepts, principles, procedures and also the legal environment in which the business organisations operate. These statements are the sources of information on the basis of which conclusions are drawn about the profitability and financial position of a company so that their users can easily understand and use them in their economic decisions in a meaningful way.
From the above statement, identify any two values that a company should observe while preparing its financial statement. Also, state under which major headings and sub-headings the following items will be presented in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013:
(i) Capital Reserve, (ii) Calls-in-Advance,
(iii) Loose Tools, and (iv) Bank Overdraft.

Explanation

(i) The immune system of HIV/AIDS patients is largely/ completely distroyed. Since rebuilding immune system besides medication also requires antibodies which are proteins. Therefore, to rebuilt/strengthen immune systems, protein rich diet is recommended.
(ii) Children for their growth and expectant mothers for the growth of their expected infants require building of muscles which requires protein rich foods.
(iii) Protein increases satiety, i.e., you feel fail full for longer periods, thereby reducing the total number of calories eaten per day. Further , it increases protein metabolism thereby maintaining lean muscles which is required for weight loss.
A protein rich diet helps to reduces the blood pressure as well as the cholesterol level in the blood. Both these factors are beneficial for heart patients.