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how to arrange balance sheet and pl
should it be balance sheet then it's schedules and pl then it's schedules or balance and pl and after that their schedules
Replies (3)
First balance sheet and PL. Then comes their respective schedules.
Financial statements is normally organized in the following manner
1. Balance Sheet
2. Statement of profit and loss
3. Cash flow statement (if required)
4. Notes/schedule of balance sheet
5. Notes/schedule of P&L ( continue to balance sheet schedules)
6. Notes to accounts and explanatory notes ( basis of preperation and presentation of financial statement)
1. Balance Sheet
2. Statement of profit and loss
3. Cash flow statement (if required)
4. Notes/schedule of balance sheet
5. Notes/schedule of P&L ( continue to balance sheet schedules)
6. Notes to accounts and explanatory notes ( basis of preperation and presentation of financial statement)
thank you so much
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