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Expected Theory Questions on Revised Schedule VI for CA Final

1. Is the revised Schedule VI, based on Ind AS converged with IFRS? Ind AS were notified on 25-02-2011 and the revised Schedule VI was notified on 28-02-2011. This gave an impression that the revised Schedule VI has been brought in to bring the presentation of financial statements in line with the Ind AS. However,…

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Expected Theory Questions on Revised Schedule VI for CA IPCC and Final

The Ministry of Corporate Affairs has notified the revised Schedule VI on 28 February, 2011 vide Notification No. S.O. 447(E) (as amended by Notification No. SO 653(E) dated 30 March 2011). The revised Schedule VI will replace the existing Schedule VI in respect of Balance Sheet and Profit and Loss Account to be prepared for…

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Cumulative Present Value Rate Chart

Present value of one rupee per year, n years at r % N 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% N 1 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 1 2 1.9704 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 2 3 2.9410 2.8839 2.8286 2.7751 2.7232 2.6730…