While analyzing balance sheet i noticed that amount in balance sheet of year 2013 in annual report of 12-13 and amount of same year in balance sheet of 13-14 varies.. Kindly help what is the reason for the same.
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Balance sheet (urgent)!
Replies (4)
It might be reclassified or restated as per the Requirements of schedule iii
Please check.
Yes, as pointed by Mr. Dheeraj, previous period / year figures may have been re-grouped/re-classified, whereever necessary to confirm to current period/year classification.
Dear
Ya it can be becasue of recalssificaton by considering current year figures. Also we mention same in our notes like "The company has reclassified the previous year figures in accordance with the requirements applicable in the current period".
Thanks all for the response but it was because there were standalone and consolidated .
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