property plant and equipment

The fixed assets in balance must be replaced by property, plant and equipment as per latest changes in Schedule III.
Replies (2)
Yes you are correct...

Part I of SCHEDULE III of the Companies Act 2013 prescribes the format of preparation of Balance Sheet.

As per the latest Amendment, the word FIXED ASSET under the heading "Non-Current Assets " will be replaced by " PROPERTY, PLANT AND EQUIPMENT. "

Warm Regards.
I was saying that the app also should change it for anyone who refer it....

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