sir,
i have an doubt on revised schedule vi whether the revised schedule format is applicable for perpation of company a/cs only or it will applicable remaining accounts like perpation of single entry a/c ,partership firm balance sheet also? in rtp of ipcc published the format only for company a/cs like amalgamation and remaining a/c s format in old format only

Hi! Is Profit and Loss A/c an account. If it's a statement and not an account, why the word 'A/c' is put after it? Also, I've heard that P/L A/c is also called trading a/c. Is it correct? In my view trading a/c is a part of profit and losss a/c.

Hi sir,
please let me know about the reserves and surplus..

Hi, I am working in a company since 3 years and avail benefit of PF deduction and while checking balance of my PF account on EPFO website I found that my PF account is invalid and even X employees of this company told that they never received PF remittance amount and some are requesting to company for PF amount since 6-8 months but they never received payment and they say that company is fraud it just deducts amount from our salary and do not maintain any PF amounts for Employees and can anybody help me out how to get my PF account status and balance coz when I asked the company accountant he refused that he does not provide balance information or any document. He said I need to verify online, and can any procedure to how to sue company and any other documents required to sue the company if it found that company is fraud. Thanks please help me out in order to get my savings. Thanks....waiting for ur precious replies..!

does revised schedule vi applies to banking and electricity companies?

Dear Sir,

what i have to treat if Sundry Drs shows Debit balance and Credit balance

What i have to treat if Sundry Crs shwos Credit balance and Debit Balances

Could plz explain

Can any body tell me that.is revised schedule VI is applicable for Nov.12 exams and if so then which chaps would be effected by the same including both IPCC grp 1st and 2nd.

Any amendments in tax?...if so then can i have the same

i'm a CA cinal student........
Can anyone say whethter it is compulsory to write the answers of consolidation and amalgamation questions in the revised Sch VI format in the exams or is it sufficient to present in the simple horizontal format as given in question.........

Hi,

Please let me know how assets received at 0 cost should be accounted:
which AS deals with the same
at what cost should it be recorded
how should accounting entries floe

As per accounting standard asset is capitalised at cost including cost of trial run less sale value of goods generated during trial batch.

However what should be the treatment when goods produce during the trial batch are not sold till year end or upto the date of finalization of accounts for the year. Further the market value of the same is also not known as the same are not as good as final product but have demand in market i.e, saleable.

Should the same be inventorised at cost or capitalised with fixed assets i.e, not to deduct saleable value from trial run cost.