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New format of bs pl

Others 565 views 3 replies

shiva surya

Student CA Final

43 Points Posted on 22 April 2016

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)

CS Arjun Rajagopal

B.com ACS

1056 Points Posted on 26 April 2016

I have also posted similar query in accounts section. Please clarify immediately.

shiva surya

Student CA Final

43 Points Posted on 26 April 2016

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.

CS Arjun Rajagopal

B.com ACS

1056 Points Posted on 26 April 2016

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