Which format of balance sheet is applicable for CA exams.
I came across schedule vi and schedule III.. what is the difference between the two of them
Which format of balance sheet is applicable for CA exams.
I came across schedule vi and schedule III.. what is the difference between the two of them
Both Schedule VI and Schedule III talks about Format of Balance sheet and P & L.
However, Schedule VI was as per Companies Act, 1956 and Schedule III is as per Companies Act, 2013.
Now the Financials need to be prepared in accordance with the provision of Schedule III.
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