23 July 2013
Pvt ltd company is incorated as on 1-4-12 but not started business operations and incured some expenses.The company is liquidating in same financial year .Please tell me Which Disclosures I have to Make While preparing Balance Sheet As Per Schedule VI.
23 July 2013
I think Revised schedule will be applicable because there is a specific clause for non applicabilty .And as far as my knowledge is concerned there is no restriction on applicablity of revised schedule in this case