MMO Admin 785 Questions 9 Answers 0 Best Answers 1k Points View Profile 0 What is the 6th schedule of balance sheet? MMO Admin Leader Asked: January 2, 2019In: Finance 0 Share Facebook 1 Answer Voted Oldest Recent MMO Panel 60 Questions 852 Answers 3 Best Answers 39 Points View Profile MMO Panel Expert Added an answer on January 2, 2019 at 5:39 PM Schedule VI of companies act, provides the format and way the company has to prepare its balance sheet & P&L statement. The aim is to make sure a common & synchronized way as prescibed in IFRS ( Internation Financial Rporting Standards ) is adopted by companies. he extant schedule VI does not require companies to classify assets and liabilities into current and non-current categories. As a result, some items of assets, which should be classified as non-current asset, are included in current assets 0 Reply Leave an answerLeave an answerCancel reply Select file Browse Save my name, email, and website in this browser for the next time I comment.