Hey Renuka!
The balance sheet on the transition date is to quantify the cumulative effect of retrospective application of Ind AS. So you don't have to prepare another balance sheet (including Statement of changes in equity) as on 01-04-2018.
Have a nice day!
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
