New revised schedule vi

Reserves and surplus... the new amendmend in new schedule is that you have to show at Reserves and surplus at any case... P & L Dr Bal (Loss) will also be shown at this side... by putting Negative sign........ ..which was shown at assets side as per old schedule.... 

Profit of the last year is to be shown under the head Reserve and Surplus and Profit & Loss Account having debit balance to be shown as a negative item under the same head.

Reserve and Surplus

Surplus / (Deficit) in the statement of profit and loss            31.3.2012      31.03.2011

Balance as per last financial statements                                       xxxxx                xxxxx

Profit/ (Loss) for the year                                                             xxxxx                xxxxx

Net Surplus/ (deficit) in the statement of pofit and loss         xxxxx              xxxxx           

thank you for the reply..