Mayank Saini (Student) (123 Points)
23 October 2013Now the Schedule VI BS is there in our course. If a question comes on Internal Reconstruction or Amalgamation, can we prepare traditional style(Assets on one side and Liab. on another) BS or from Schedule VI only?
However Schedule VI with notes to accounts requires more time to prepare.
CA girl
(Article Trainee-CA Final)
(1942 Points)
Replied 23 October 2013
Hey, in the exams you have to present the financial statements according to the revised schedule VI only. There would'nt be such types of problems that would consume too much time...I would suggest you to look into the RTP's and Suggested answers to get an idea as to how the institute wants the presentation to be.
akhil jain
(article)
(72 Points)
Replied 23 October 2013
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 23 October 2013
| Originally posted by : Divya Barathi | ||
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Hey, in the exams you have to present the financial statements according to the revised schedule VI only. There would'nt be such types of problems that would consume too much time...I would suggest you to look into the RTP's and Suggested answers to get an idea as to how the institute wants the presentation to be. |
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completely agree ...infact word 2 word.
Ashwini Kumar Rohilla
(M.Com and CA-FINAL)
(949 Points)
Replied 24 October 2013
Schedule VI mandatory and applicable for all types of Companies, and internal Reconstruction and Amalgamation mostly happens with companies.
hence, It is mandatory that preparation of F.S. with REVISED SCHEDULE VI.
David
(Apprenticeship )
(128 Points)
Replied 24 October 2013
CAclubindia
