Which format of balance sheet is applicable for CA exams.
I came across schedule vi and schedule III.. what is the difference between the two of them
nidhi agarwal (3 Points)
09 October 2018Which format of balance sheet is applicable for CA exams.
I came across schedule vi and schedule III.. what is the difference between the two of them
Rakesh Joshi
(CA Final)
(1272 Points)
Replied 09 October 2018
Both Schedule VI and Schedule III talks about Format of Balance sheet and P & L.
However, Schedule VI was as per Companies Act, 1956 and Schedule III is as per Companies Act, 2013.
Now the Financials need to be prepared in accordance with the provision of Schedule III.
nidhi agarwal
(3 Points)
Replied 09 October 2018
Rakesh Joshi
(CA Final)
(1272 Points)
Replied 09 October 2018
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 09 October 2018
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