Accounts to be prepared?
This query is : Resolved
30 August 2010
Sir,
For company we make P&L and Bal sheet.
i)In case of a co-operative housing society which accounts are to be made?
ii)similarly which a/cs are required for
A trader under Tax audit &
A service provider under Tax Audit?
rgds
sweta
For company we make P&L and Bal sheet.
i)In case of a co-operative housing society which accounts are to be made?
ii)similarly which a/cs are required for
A trader under Tax audit &
A service provider under Tax Audit?
rgds
sweta
30 August 2010
(As replied by Bijender ji by PM)
In case of Co-operative Group Housing Society, Income & Expenditur A/c and Receipt & Payment A/c & Statement of Affiars are made. In Receipt & Payment , all receipt and payment related to cash & bank are shown. In Income & Expenditure, all income including monthly subscription, interset on fd etc are shown, in expenditure, all expenses relating to maintining society are shown, balnace over expenditure t/f to Statement of Affiars. IN Statement of Affiars all asset & liablities and captial are shown as like Balance sheet.
In case of trader covering under tax audit, similarly Balance Sheet & Trading and Profit & Loss a/c are made. In case of service provider also, Profit & loss and Balance sheet is made.
In case of Co-operative Group Housing Society, Income & Expenditur A/c and Receipt & Payment A/c & Statement of Affiars are made. In Receipt & Payment , all receipt and payment related to cash & bank are shown. In Income & Expenditure, all income including monthly subscription, interset on fd etc are shown, in expenditure, all expenses relating to maintining society are shown, balnace over expenditure t/f to Statement of Affiars. IN Statement of Affiars all asset & liablities and captial are shown as like Balance sheet.
In case of trader covering under tax audit, similarly Balance Sheet & Trading and Profit & Loss a/c are made. In case of service provider also, Profit & loss and Balance sheet is made.
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30 August 2010
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