property plant and equipment

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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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