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New format of bs pl
Hello Everyone,
I would like to know whether the recent notification by MCA on 6th April 2016 regarding the change in format of Balance sheet and P&L is applicable to all entities or the one to which the IND AS is applicable from FY 2015-16.
Kindly clarify.
Thanks.
Replies (3)
I have also posted similar query in accounts section. Please clarify immediately.
Hi arjun,
I know. Even i did not receive any reply. No problem.
It is applicable only to those entities to whom the IND AS is applicable for the Financial year 2016.
The said words are given in the Notification.
Can u please state to which class of comps IND AS is applicable? Also mention about the position of other class of companies who are not required to comply with IND AS.
Regards,
Arjun Rajagopal
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