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Financial statement-

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(Querist)
15 May 2025 hello

Partnership firm whose turnover up to 100 crore is required to prepare vertical balance sheet from F.Y 2024-25 onwards???
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 May 2025 A partnership firm with turnover up to ₹100 crore is recommended-but not required by law-to prepare its financial statements, including a vertical balance sheet, as per the ICAI's new guidance from FY 2024-25 onwards.
Adoption is optional, but it is considered best practice for firms seeking improved compliance and presentation.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 September 2025 Good luck.....
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