Balance sheet and statement of profit/loss disclosure

Dear Friends/Sir,

While Presenting Balance Sheet And Statement of Profit & Loss, does it be modified. That means while disclosing shareholder funds in balance sheet if there are no reserves and money received against share warrants,then can those be deleted or not. Are they can be shown in balance sheet while stating there value zero in balance sheet. Which is the appropriate method. Are there any rules in Companies Act Concerning this?

Thank you In advance.

Replies (3)

Dear Chinna,

The revised schedule VI is a standard format. it has to be followed by letter and spirit.

Even if the value is 0 - it has to be shown and the head cannot be deleted. You might put 0 in that place.

Also that you cannot insert any heads of your own choice.

In a nutshell, you cannot modify the format... and should try to fit all your values in the given heads.

Extra expln / groupings can be given to support your classification.

I agree with Seetha completely

I agree with swetha except format I.e SCHEDULE III of the companies Act 2013 , If u have any doubts then u can see general instruction while preparing financial statements as per schedule III

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details