Hello..
on what basis accounting schedules are done for Bal.sheet & P/L a/c , is there any standards for this..
thankyou
regards
- karthik
2 Replies
CA Vidish Kumar Gupta
(Chartered Accountant)
(136 Points)
Replied 21 May 2011
No unlike under Banking and insurance industry there is no fixed format specified any where for schedules for Company financials.
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 21 May 2011
Normally all Balance Sheets items viz., CL & CA ie., S.Crs & SDrs. Fixed Assets, Cash & Bank Balances, Deposits everything appeared in Balance Sheet Schedule is required & its best to prepare since it will reflect in the next FY also. More over in IT scrutiny they may insist for such details.
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