Do we have to present the balance sheet necessarily in the vertical format following schedule 3? Or could we even use the t-format to present our balance sheet as answer.. will they not award marks if t-format is followed?
Suraj Lakhotia Admin
For companies you need to prepare as per vertical format.
Okay sir thankyou!
How to determine purchase consideration for this sum, sir??
By Net Assets Method (1,00,000-25,000=75,000)