Hello..
on what basis accounting schedules are done for Bal.sheet & P/L a/c , is there any standards for this..
thankyou
regards
- karthik
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Accounting schedules
Replies (2)
No unlike under Banking and insurance industry there is no fixed format specified any where for schedules for Company financials.
Normally all Balance Sheets items viz., CL & CA ie., S.Crs & SDrs. Fixed Assets, Cash & Bank Balances, Deposits everything appeared in Balance Sheet Schedule is required & its best to prepare since it will reflect in the next FY also. More over in IT scrutiny they may insist for such details.
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