partnership audit

does partnership firm need to prepare financial statement as per schedule 3??

regards
harshit sharma
Replies (4)
schedule III as given in comp. act 2013.
No not required.... U can go head with T shape Balance sheet

Hi @ praveen sir - What if turnover of PF exceeds 100Crs in a F.Y. ? does that make any difference ?

since sch 3 is applicable only for companies
no question of preparing financial as per sch 3

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