20 January 2013
Dear Sir... i have to make a projected balance sheet for granting a bank loan plz tell me whether revised schedule vi is applicable for Individual's Balance Sheet or not.
20 January 2013
Schedule VI is requirement of the Companies Act, 1956 and applicable only to the companies and not to an Individual.
For projected Balance Sheet no statutory format is needed but for analysis point of view you can extend the figure for next year in the current format.
24 January 2013
Projected data prepared for finance are the financial view point of the management within which a financial institution seek the eligibility and assurance the return to be sufficient for cost of finance.
CAclubindia
