Annual accounts reserves and surplus must report capital, revaluation, special and general reserves with additions and deductions. The schedule prescribes a standardized tabular format for reporting Reserves and Surplus in the Annual Statement of Accounts, requiring itemised presentation of Capital Reserve, Revaluation Reserve, Special Reserves and General Reserve with opening balance, additions and deductions for the current and previous year, and aggregation to a total.
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Provisions expressly mentioned in the judgment/order text.
Annual accounts reserves and surplus must report capital, revaluation, special and general reserves with additions and deductions.
The schedule prescribes a standardized tabular format for reporting Reserves and Surplus in the Annual Statement of Accounts, requiring itemised presentation of Capital Reserve, Revaluation Reserve, Special Reserves and General Reserve with opening balance, additions and deductions for the current and previous year, and aggregation to a total.
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