Co balance sheet rounding off
This query is : Resolved
06 August 2014
friends,
pls tell me company balance sheet is rounded off to nearest 100 or 1000 or 100000 rs.
07 August 2014
Revised Schedule VI requires use of the same unit of measurement uniformly throughout the financial statements and ‘Notes to Accounts’. Rounding off requirements, if opted, are to be followed uniformly throughout the financial statements and ‘Notes to Accounts’. Rounding off requirements are as under--
* Turnover < Rs.100 crore
Round off to the nearest hundreds, thousands, lakhs or millions or decimal thereof.
* Turnover over Rs.100 crore
Round off to the nearest lakhs, millions or crores, or decimal thereof.
* Turnover < Rs.100 crore
Round off to the nearest hundreds, thousands, lakhs or millions or decimal thereof.
* Turnover over Rs.100 crore
Round off to the nearest lakhs, millions or crores, or decimal thereof.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
