I want to clear something about schedule VI(revised) for IPCC nov 2012......before its revision, we had horizontal balance sheet and as per the format we had to write all the assets and liabilities in a specified order under proper headings(for eg....share capital at the top on liabilities side)......however i usually never followed the order and never wrote down the headings......just drew up a horizontal balance sheet.....now that the vertical balance sheet is compulsory, do i have to remember the order again or i can place assets and liabilities as i want without the headings???
CAclubindia
