Hello everyone.!
kindly answer for this if anyone know
is it necessary that the balance sheet should show increasing trend?
Ramesh Patel (Article assistant) (38 Points)
08 January 2016Hello everyone.!
kindly answer for this if anyone know
is it necessary that the balance sheet should show increasing trend?
kajal kadmiya
(student)
(56 Points)
Replied 08 January 2016
Balance Sheet reflects the fianancial positon of Company. It is not at the discretion of those who prepare Balance Sheet. It should be prepared as per Schedule III of Companies Act, 2013 and should reflect true and fair position of COmpany. There is no such a concept of Increasing or decreasing trend.
kajal kadmiya
(student)
(56 Points)
Replied 08 January 2016
Balance Sheet reflects the fianancial positon of Company. It is not at the discretion of those who prepare Balance Sheet. It should be prepared as per Schedule III of Companies Act, 2013 and should reflect true and fair position of COmpany. There is no such a concept of Increasing or decreasing trend.
Ashish Dey
(Consultant)
(38 Points)
Replied 08 January 2016
Trend is not shown at the time of preparation of balance sheet. Since is a practice done by auditors to comply with Standard on Auditing i.e. SA 520
Ramesh Patel
(Article assistant)
(38 Points)
Replied 08 January 2016
i prepared a balance sheet
But the company MD says that fund should be in any one form of asset
how the total can be less than preivious balance sheet total.
and i checked many other companies BS all most all shows incresing trend
kindly suggest on this matter
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 08 January 2016
Increasing trend and preperation of Balance Sheet are two different components. Increasing trend is more of a financial nature where as the latter is related to complaince framework
Ashish Dey
(Consultant)
(38 Points)
Replied 08 January 2016
Dear Ramesh
It is not about that figure in balance shouid always be in increasing trend..Since an all case we have to comply with Schdule III of Company act 2013.
Since it is the requirment of company act 2013 to give true and fair view.
Ashish Dey
(Consultant)
(38 Points)
Replied 08 January 2016
Dear Ramesh
It is not about that figure in balance shouid always be in increasing trend..Since an all case we have to comply with Schdule III of Company act 2013.
Since it is the requirment of company act 2013 to give true and fair view.
Manish Chauhan
(article)
(23 Points)
Replied 08 January 2016
Niraj Bista
(A/C)
(70 Points)
Replied 08 January 2016
sambhaji
(assistant manager)
(43 Points)
Replied 09 January 2016
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