For proper disclosure of financial reports, the Ministry of Corporate Affairs has defined certain guidelines, where some of the Operating and Non-Operating Informations are identified as Mandatory to be disclosed in the financial reports by all the Registered companies.
In Tally.ERP 9 users can view the Mandatory Information to be captured in:
Balance Sheet
Cash Flow
Company Information
Profit and Loss Account
The mandatory information will be automatically captured from the Books of Accounts maintained. Enterprises can configure the values/details of Mandatory Information as per the requirement to generate valid instance document.
To configure Mandatory Information,
Go to Gateway of Tally.ERP 9 > Display > Statutory Reports > MCA Reports (2012) > List of Accounts
Click on M: Mandatory Info. or press Alt+ M to view Select Item screen
In Select Item screen, select the Report (e.g. Balance Sheet) from the List of Report Names
The Mandatory Information for Balance Sheet screen is displayed as shown:
Z: Set Zero
If any of the Mandatory Information is not applicable or doesn't have value, then it should be filled with Zero to generate valid MCA Reports.
To fill Zero, press Alt+Z or Click on Z: Set Zero button. On performing the operation, Zeros will be filled to the mandatory informations without Value.
In Cash Flow Statement, entering values for all the fields are mandatory. The Cash Flow Statement configured from MCA-XBRL Master Configuration screen will be displayed here.
From this screen, you cannot enter/specify the amount to taxonomy elements. However this can be used as a second check to see that all taxonomy elements carry amount. Also, you can compare the amount entered in cash flow statement with Default Cash Flow.
This screen displays the mandatory taxonomy elements in Company Information screen.
To fill the mandatory Company Information,
Click on F: Fill MandatoryInfo button or press Alt+F keys to view General Information screen. In General Information screen enter the details and save.
In Profit and Loss Account all the fields are mandatory. The Profit and Loss Adjustments done from MCA-XBRL Master Configuration screen will be displayed here. From this screen, you cannot enter/specify the amount to taxonomy elements. However this can be sued as a second check to see that all taxonomy elements carry amount, if not configure the same in Profit and Loss Adjustments screen.
If any of the Mandatory Information is not applicable or does not have value, then Zero has to be filled for such information.
To fill Zero, press Alt+Z keys or click on Z: Set Zero button. On performing the operation, Zeros will be filled to the mandatory informations without Value.
