- As per the amendment, revised schedule VI will be applicable from Nov 2012 onwards for IPCC exams.
- So the revised schedule VI shall come into force fot the balance sheet and profit and loss account.
- My doubt is should we have to prepare balance sheet and P & L account as per revised Schedule VI for only company accounts or for all the chapters( where we required to draw B/S and P & L account ).
- And is it applicable only to paper -1 accounts or for both, paper -1 accounts and paper-5 advanced accounting.
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