14th November 2016
Dear Members
In Form AOC-4 as well as in XBRL there is a column which states "whether company is maintaining books of accounts and other relevant books and papers in electronic form" - Yes or No"
Some of the companies I work for are maintaining books of accounts in "Tally Software". However cash vouchers, bank vouchers, bills....etc are maintained in physical mode.
In such situation what is the answer we should select in Form AOC-4 - Yes or No.
with regards
Muralidharan
Financial statements are a vital part of economic life. Creating digital, unambiguous, accurateand reusable versions of financial statements is one of the core capabilities of the XBRL standard. so conversion to XBRL is good in all aspects.
Vakilsearch.com
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