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?
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)