After the applicability of Revised Schedule 6, i.e schedule word replaced by notes. Is it same for Electricy, Bankng And Insurance. I mean will notes word be used in balance sheet and p/l of banking company or schedule?
3 Replies
Disha Popat
(student)
(39 Points)
Replied 04 November 2012
revised shedule vi is not applicable to banking and insurance company as they have their specific regulatoion act.. you have to prepare it as per their specific rule.
Deepak Dargad
(Chartered Accountant....)
(9787 Points)
Replied 04 November 2012
not applicable to banking, insurance and electricity companies
Nikhil Gupta
(Student)
(49 Points)
Replied 05 November 2012
no such notification about changing the names of banking, electricity and insurance formats i.e. the schedules has yet been provided...
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