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Revised schedule vi

RAHUL JOSHI (Doing articleship) (229 Points)

28 April 2013

Will it be wrong if i solve questions of non companies with revised schedule vi like it is taught by parveen sharma sir ?

i haven't attended his classes but i saw this method in my friends's register who attended his classes.

help me,its urgent.

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4 Replies

Sathish M (Management Accountant) (40581 Points)
Replied 29 April 2013

Sir, please understand that Revised Schedule VI is applicable only in case of Companies. As per Section 211(1) of the Companies Act, 1956, it requires all companies to draw up the Balance Sheet and Statement of Profit and Loss account as per the form set out in Schedule VI.

RAHUL JOSHI (Doing articleship) (229 Points)
Replied 29 April 2013

thats what i m trying to know.bcz parveen sharma sir is solving all questions with revised schedule vi.

is that ok ?

Sathish M (Management Accountant) (40581 Points)
Replied 29 April 2013

Sir, be happy, because you would be expected to solve problems applying the revised schedule vi in case of companies. It will surely help you in fetching good marks, as the examiner will be impressed about your understanding on the latest developments. You will be thankful to your respected teacher in helping you to solve problems based on latest trends and which is the pre-requisite for the examiner.

Best of Luck

Sathish