Balancesheet Format

Hai,

Please clarify me whether companies are required to prepare there balancesheet only in vertical format. if yes where it is stated.

by

Sreekumar

Replies (2)

Dear Friend

 

As per Notification No. GSR 220(E), dated 12-0301979 the balance sheet of the company shall be either in horizontal form or vertical form.

 

 

Regards

CS Ajay Mishra

Originally posted by : Ajay Mishra


Sir,

Thank you for your valuable information. One more doubt in this regard. If the companies can follow both vertical form and horizondal form of balance sheet, why all the companies are using vertical form for their reporting purpose ????

With regards

Sreekumar

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