While preparing final Accounts - should all the NOTES be mentioned as appearing in Scehdule VI? For e.g. if a company does not have long term borrowings - do we need to show Long Term borrowings and write NIL or is it ok to skip it.....
Menu
Schedule vi revised
Replies (1)
Dear Kiran,
There is no need to prepare notes if the place to be filfilled is to be kept empty. Clearing your doubt quoting your own example, if you dont have long term borrowings, then neither you need to prepare any note for that nor u need to fill that figure with "NIL". All you need is just to skip it.
Hope this solves your query. Goodluck dear. 
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
