what are the differences between revised sch VI & sch III . can anyone pls explain
Differences between revised sch vi & sch iii
priyatambika ( ca final student) (323 Points)
13 July 2014
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 13 July 2014
Schedule III of the Companies Act, 2013 contains a format for preparation and presentation of financial statements.
.
Except for addition of general instructions for preparation of Consolidated Financial Statements (CFS), the format of financial statements given in the Companies Act, 2013 is the same as the revised Schedule VI notified under the Companies Act, 1956.
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