Income from sales and services must be reported separately with current and previous year comparisons in annual accounts. Schedule XII requires separate reporting of income from sales and income from services in the annual statement of accounts, with comparative columns for the current year and the previous year to ensure standardized classification and year to year comparison of revenue.
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Provisions expressly mentioned in the judgment/order text.
Income from sales and services must be reported separately with current and previous year comparisons in annual accounts.
Schedule XII requires separate reporting of income from sales and income from services in the annual statement of accounts, with comparative columns for the current year and the previous year to ensure standardized classification and year to year comparison of revenue.
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