Revised Schedule

CLIENT . YEAR ENDED 31st March 2012 revision SCHEDULE VI CHECKLIST OBJECTIVE : We are required to make-up whether the accounts of the Comp whatever give the in set upion required by the Companies Act, 1956 in the manner so required. The purpose of this Checklist is to ensure compliance with this want. [Some of the changes vis-à-vis the contemporary memorandum VI have been indicated in bold] It is important to caliber that the re drop a line account VI requires that if compliance with the requirements of the Companies Act, 1956 and/or the write up Standards necessitate a change in the discussion or disclosure in the financial statements as compared to what is provided in the rewrite Schedule VI, the requirements of the Act and/or the Accounting Standards exit overshadow over the Schedule.| NOTES: 1. Rounding off is permitted as follows : upset <` s today crores to the nearby hundreds, thousands, lakhs or million s or denary thereof.Turnover >`100 crores to the nearest lakhs, millions or crores, or decimal thereof.2. Revised Schedule VI has specific onlyy introduced a new requirement of using the identical unit of measurement uniformly crosswise the financial statements.

much(prenominal) requirement should be taken to imply that all figures disclose in the financial statements including Notes to Accounts should be of the same denominations.3. For any doubt, audience may please be made to the represents Guidance Note on The Revised Schedule VI to the Companies Act, 1956.4. The revised Schedule VI is applicable for th e proportionateness plane and Profit and Lo! ss Account to be active for the financial year commencing on or after April 1, 2011. ahead of time acceptance of the Revised Schedule VI is not permitted since Schedule VI is a statutory format.| | Disclosed:| | Yes| No| N/A| PART I- Form of BALANCE SHEET(Only the VERTICAL format is now permitted)| | | | I.| EQUITY AND LIABILITIES| | | | | | | | | (1)| SHAREHOLDERS...If you want to get a complete essay, sight it on our website: OrderCustomPaper.com

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