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Schedule III of Companies Act
While preparing Company Balance Sheet whether it is compulsory to mention every item (Nil item also) as per schedule III
Replies (3)
Quick Summary
Yes it is as per Act. You hv to mention each and every item irrespective whether it is zero or figures.
But I have found in many public companies report nil items are not mentioned
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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