Revised Schedule

CLIENT . YEAR ENDED 31st March 2012 revise SCHEDULE VI CHECKLIST OBJECTIVE : We are required to physical composition whether the accounts of the Comp any(prenominal) give the in orderion required by the Companies Act, 1956 in the manner so required. The purpose of this Checklist is to ensure compliance with this exigency. [Some of the changes vis-à-vis the present-day(a) entry VI have been indicated in bold] It is important to musical note that the re save archive VI requires that if compliance with the requirements of the Companies Act, 1956 and/or the write up Standards necessitate a change in the handling 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 provide overshadow over the Schedule.| NOTES: 1. Rounding off is permitted as follows : swage <` s today crores to the nearby hundreds, thousands, lakhs or millions or tenfold thereof.Turnover >`100 crores to the nearest lakhs, millions or crores, or decimal thereof.2. Revised Schedule VI has specific entirelyy introduced a new requirement of using the identical unit of measurement uniformly across 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 fetchs Guidance Note on The Revised Schedule VI to the Companies Act, 1956.4. The revised Schedule VI is a pplicable for the sense of equilibrium plan! e and Profit and Loss Account to be prompt for the financial year commencing on or after April 1, 2011. earlyish 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 large essay, sight it on our website: OrderCustomPaper.com

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