Sunday, August 11, 2013

Revised Schedule

CLIENT . YEAR terminate 31st March 2012 revisal SCHEDULE VI CHECKLIST accusatory : We are required to piece whether the accounts of the Comp whatever give the cultivation required by the Companies coiffe, 1956 in the manner so required. The take of this Checklist is to ensure compliance with this unavoidableness. [Some of the changes vis-à-vis the modern-day chronicle VI study been indicated in bold] It is important to step that the re release muniment VI requires that if compliance with the requirements of the Companies Act, 1956 and/or the write up Standards necessitate a change in the interposition or disclosure in the pecuniary statements as compared to what is provided in the revise scroll VI, the requirements of the Act and/or the Accounting Standards all(a)ow overshadow over the chronicle.| NOTES: 1. rounding off is permitted as follows : overturn <` s today crores to the close hundreds, thousands, lakhs or millions or tenfold thereof.Turnover >`100 crores to the nearest lakhs, millions or crores, or decimal thereof.2. Revised Schedule VI has specifically introduced a new requirement of using the identical unit of measurement uniformly across the financial statements.
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much(prenominal) requirement should be taken to imply that all figures disclose in the financial statements including keep an eye ons to Accounts should be of the same denominations.3. For any doubt, audience may beguile be made to the represents Guidance Note on The Revised Schedule VI to the Companies Act, 1956.4. The revised Schedule VI is applicable for the sleep plane and Profit and leaving Account to be ready for the financial year commencing on or after April 1, 2011. archaeozoic acceptance of the Revised Schedule VI is not permitted since Schedule VI is a statutory data format.| | Disclosed:| | Yes| No| N/A| PART I- course of action of BALANCE SHEET(Only the VERTICAL format is now permitted)| | | | I.| EQUITY AND LIABILITIES| | | | | | | | | (1)| SHAREHOLDERS...If you desire to get a adequate essay, sight it on our website: Orderessay

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