Schedule III of Companies Act

05 May 2023

While preparing Company Balance Sheet whether it is compulsory to mention every item (Nil item also) as per schedule III

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3 Replies

sabyasachi mukherjee (27740 Points)
Replied 06 May 2023

Yes it is as per Act. You hv to mention each and every item irrespective whether it is zero or figures.

Abhay Jain (7 Points)
Replied 10 May 2023

But I have found in many public companies report nil items are not mentioned

Chirag (Professional) (1979 Points)
Replied 12 June 2023

If there is a balance on particular head in PFY and Become nil this year ,that to be shown as notes and annexure ,else not.

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