Difference between general balance sheet and schedule 6 companies act

1.	Difference between general balance sheet and schedule 6 companies act balance sheet
Answer» Sheet, or otherwise called as Position statement, is an INTEGRAL part of the financial statement which shows the statement of affairs of an ENTITY, in terms of what the business owns and what it owes to the EXTERNAL parties and to the OWNERS, on a particular date. Balance Sheet of a trading concern and that of a banking concern are prepared differently because the act which rules the two are different.So, there are different formats provided in advance for the preparation of Balance Sheet of a company and Bank. Moreover, these two also differ in terms of requirements. When one is working on Balance Sheet, he/she should be aware of the difference between Company Balance Sheet and Bank Balance Sheet.I hope this will help YOUIF not then comment me

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

Difference between general balance sheet and schedule 6 companies act balance sheet

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