Balance Sheet
This query is : Resolved
17 September 2010
Dear friends,
I ddn't get a satisfactory answer till now for the following,
If the companies can follow both vertical form and horizondal form of balance sheet as per Companies Act, why all the companies are using vertical form for their reporting purpose ????
With regards
Sreekumar
I ddn't get a satisfactory answer till now for the following,
If the companies can follow both vertical form and horizondal form of balance sheet as per Companies Act, why all the companies are using vertical form for their reporting purpose ????
With regards
Sreekumar
17 September 2010
As per schedule VI , both form Vertical and horizental is allowed for Balance Sheet .
In Vertical form , there is good presentation of current year data with comparative year data , hence vertical form is used by company.
In Vertical form , there is good presentation of current year data with comparative year data , hence vertical form is used by company.
17 September 2010
Sir,
Not yet cleared.
With Regards
Sreekumar
Sir,
Not yet cleared.
With Regards
Sreekumar
18 September 2010
Agree with Bijendra Bansal.
Rgds
P
Rgds
P
18 September 2010
Agree with Bansal
Dear Sree you need to observe the real balance sheet to feel the difference in presentation. Otherwise it would be very difficult for anyone to make you understand.
Vertical form is good for comparison and presentation.
Thanks
Dear Sree you need to observe the real balance sheet to feel the difference in presentation. Otherwise it would be very difficult for anyone to make you understand.
Vertical form is good for comparison and presentation.
Thanks
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
