Revised Schedule III Schedules Presentation
This query is : Resolved
24 November 2022
Dear Experts,
A Private limited company don’t have Trade Payables/Receivables during the current & previous years. I have Prepared BalaNce sheet as per revised Schedule III format specifying Trade Payable/Receivables as per format provided. How do I need to present the same in notes to accounts? Can I skip the Trade payables/receivbles schedule in notes to accounts or do I need to mention it with blank values with yearly break up as asked in sch III? Please advice.
Thanks in Advance
A Private limited company don’t have Trade Payables/Receivables during the current & previous years. I have Prepared BalaNce sheet as per revised Schedule III format specifying Trade Payable/Receivables as per format provided. How do I need to present the same in notes to accounts? Can I skip the Trade payables/receivbles schedule in notes to accounts or do I need to mention it with blank values with yearly break up as asked in sch III? Please advice.
Thanks in Advance
24 November 2022
Mention with blank values is compliance/ a better presentation.
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