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As per revised schedule VI any item of income or expense which exceeds one.
Balance sheet schedule vi format. Format Revised Schedule VI of Companies Act 1956. It is the first item under the head Assets. Equity and Liabilities comprising of Shareholders Funds Share Application money pending allotment Non-Current Liabilities and Current Liabilities.
The balance sheet contains 12 schedules which are. Structure of the Revised Schedule VI 9 6. Further the Revised Schedule VI format prescribes such below the line adjustments to be presented under Reserves and Surplus in the Balance Sheet.
Also the balance sheet is often abbreviated as BS or BS. 2 Balances with RBI in Current Account in other accounts. Reporting period reporting period 1 2 3 4 I.
Why do we need to follow Schedule VI the answer is Section 211 of the Companies ActSub section 1 of section 211 makes it mandatory for a company to provide its Balance Sheet in the form set out in Part I of Schedule VI and Sub Section 2 mandates to comply with the requirements of Part II of Schedule VI in drawing up its profit and loss account. 218 rows This format is popularly knowing as Schedule VI Balance Sheet and is used. Balance Sheet as at in Refer Figures as at the Figures as at the Note end of current end of previous Particulars No.
Schedule-VI Balance Sheet provides the representation of companys financial position at any point in time in the Schedule VI format of Companies Act. General Instructions For Preparation of Balance Sheet. How can you use the solution in order to use the Revised Schedule VI format when preparing the Balance Sheet Report.
Further the Revised Schedule VI format prescribes such below the line adjustments to be presented under Reserves and Surplus in the Balance Sheet. Summary of the Revised Schedule VI 5-9 5. This Excel template containing balance sheet profit loss account in revised schedule vi format with auditors report director report tax aduit report form 3CD and annexures Annual Return of MCA all containing automatic formulas is really wonderful.
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