Hello,
Certain questions regarding preparation of B/S & P/L of Pvt Ltd Companies(taking into account the revised Sch VI)
1) The format of B/S contains many items. Some of which are not relevant to a Company that I'm referring to like:
a) In 1(c) Money received against Share Warrants
b) In (2) Share Application Money pending allotment etc.
Do these items still have to be mentioned in the B/S and a 'NIL' or '0' or '-' put in front of the same or can the same be just excluded? Or is just our discretion?
2) Since schedules are abolished the info contained therein has to be shown in 'Notes to Accounts'. But is there any specific format or is it just random? Does anybody know a link to any Balance Sheet whose Notes to Accounts contain such info? Would like to see the same.
CAclubindia
