Balance Sheet, Profit And Loss Account under Companies Act 2013
COMPANIES ACT 2013
- Format Of Balance Sheet
- Format Of The Profit And Loss Account
- Applicable for all FS from 1/4/2014
- PART I-BALANCE SHEET
- PART II-PROFIT AND LOSS ACCOUNT
- Supremacy given to Ind AS and Companies Act 2013
- Cross referencing required for each item on the financial statements to NOTES and not to Schedules.
- Format of Cash Flow Statement is not prescribed in Schedule III. It os governed by As on Cash Flow Statement.
By CA Piyali Parashari
CA, CWA, B Com (Hons)