Schedule vi

Sneha Sree Pujari (Student) (159 Points)

27 September 2012  
  • 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.