Nice Revised Schedule Vi Profit And Loss Format

Revised Schedule VI. Debit Balance in Profit and Loss Account- no longer on Assets side Related party disclosures No Balance-Sheet extract and general business profile Mohan R Lavi 15 Major changes Criteria Any it is expected to be realised in or is intended for sale or consumption in the. Unlike the Old Schedule VI the Revised Schedule VI lays down a format for the presentation of Statement of Profit and Loss.

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