Revised schedule vi
This query is : Resolved
26 November 2012
I WANT TO KNOW WHERE TO SHOW COMPANY F.Y. PROFIT IN REVISED SCHEDULE VI UNDER RESERVE & SUPLUS WHETHER UNDER THE HEAD REVALUATION RESERVE, PLEASE GUIDE ME
26 November 2012
profit to be shown under the name profit and loss account... under reserves and surplus.
26 November 2012
Under R&S, you need to disclose in following way:
Surplus:
Balance as per last FSs XX
Add: Profit for the year XX
Closing Balance XX
Surplus:
Balance as per last FSs XX
Add: Profit for the year XX
Closing Balance XX
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