thanks alot sir...
Major differences - Revised Schedule VI vs. Old Schedule VI
Page no : 2
Rahul
(CA Practice )
(1818 Points)
Replied 20 March 2011
Thanks for sharing. The worst part is that we need to revise the grouping of the previous reporting period while preparing the excel linked financials for Audit Purposes.
Rahul
(CA Practice )
(1818 Points)
Replied 20 March 2011
Adding to above, earlier Schedule VI had an overriding power on Accounting Standards while now Accounting standards have an overriding power over Schedule VI.
CA Aniruddha A Ghude
(Partner- Kohale Ghude & Associates)
(51 Points)
Replied 27 May 2011
Thanks CA Navin,
I hope many ppl ll make best use of this table for updation of knowledge.
CA Akashdeep Singh
(Assistant Manager - Finance)
(52 Points)
Replied 09 February 2012
Thank u very much Nitin..
Sunit Pareek
(Student(final)-Article)
(93 Points)
Replied 13 February 2012
we are to break the Assets into Current and Non-Current. What is your opinion on Liabilities. Suppose we have a borrowing, in which a part is to be paid in the Current Year (wihtin 12 months) and remaining later. Should we show that separately as Current & Non-current or the full amount as non-current?
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