The Correct Answer is Part I of Schedule IIIBalance Sheet: A balance sheet is a financial statement of a company that represents the values of its assets, liabilities, and Shareholder's Equity at a specific time. It basically represents the financial position of a company. The guidelines and pro format of preparation of the balance sheet of a company are defined under Schedule III Section 129 of Companies Act 2013. Important PointsPreparation of the balance sheet of insurance company, banking company, company engaged in generation of supply of electricity are NOT included in Schedule III of Companies Act 2013. Preparation of balance sheet of an insurance company is defined in Part II of the First Schedule of Insurance Act, 1938. Preparation of balance sheet of banking company third schedule of Banking Regulation Act, 1949Preparation of balance sheet of a company engaged in generation or supply of electricity is defined in 6th and 7th Schedules of Electricity Supply Act, 1948.