Liabilities side of the balance sheet be divided into the following groups :

(i) Unit Capital;

(ii) Reserves & Surplus;

(iii) Loans;

(iv) Current Liabilities and Provisions.

(i) Underwriting commitments;

(ii) Uncalled liability on partly paid shares;

(iii) Other commitments; and

(iv) Others (specifying details).

(i) Accounting policy in respect of recognition of revenue and income from investments (including dividend and interest) shall be disclosed by way of a note.

(ii) Unprovided depreciation and unrealised appreciation in value of investments representing the difference between their aggregate market value and their carrying cost shall be disclosed by way of note.

(iii) Provision for doubtful deposits, debts and outstanding accrued income need not be separately shown but can be aggregated.

(iv) Profit on sale/redemption of investments and loss on sale/redemption of investments need not be shown on a gross basis but only the net profit or loss need be shown.

(v) The total income and expenditure expressed as a percentage of average net assets, calculated on a weekly basis should be indicated.

(vi) Appropriation of the surplus by way of transfer to reserves and dividends distributed shall be disclosed in the Abridged Revenue Account itself.

(vii) The Balance Sheet and the Revenue Account shall be signed by the schemewise fund manager/s and the Board of Trustees, and reported upon by the Auditors. The financial statements of the scheme should be approved at a meeting of the Board of Directors of the Asset Management Company and also at a meeting of the trustees or in the case of a trustee company by the Board of Directors of the trustee company.