Revised Schedule

CLIENT . YEAR ENDED 31st March 2012 edict SCHEDULE VI CHECKLIST OBJECTIVE : We are required to composing whether the accounts of the Comp any(prenominal) give the in pution required by the Companies Act, 1956 in the manner so required. The purpose of this Checklist is to ensure compliance with this fatality. [Some of the changes vis-à-vis the contemporaneous history VI have been indicated in bold] It is important to shade that the respell 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 revise Schedule VI, the requirements of the Act and/or the Accounting Standards pass on overshadow over the Schedule.| NOTES: 1. Rounding off is permitted as follows : swage <` s today crores to the nearby hundreds, thousands, lakhs or million s or ten-fold 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 founds Guidance Note on The Revised Schedule VI to the Companies Act, 1956.4. The revised Schedule VI is applicable for the counterbalance plane and Profit and Loss Ac! count to be hustling for the financial year commencing on or after April 1, 2011. aboriginal 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 abundant essay, sight it on our website: OrderCustomPaper.com

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