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Balance sheet

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2013 WHAT TO DO FOR CASH AND ASSETS IF ANY FOR NIL BALANCE SHEET
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CA. RICHI SAXENA

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CA. RICHI SAXENA (Expert)
16 June 2013 THERE IS NO SUCH WORD IN THE HISTORY OF ACCOUNTANCY AS "NIL BALANCE SHEET"
IF THERE ARE ASSETS THEN THOSE ASSETS MUST HAVE BEEN PURCHASED FROM CAPITAL BROUGHT IN BY PROPRIETOR/PARTNER/SHAREHOLDERS.....
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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2013 Thanks for your kind response.
this is about assets and what for cash
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CA. RICHI SAXENA

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CA. RICHI SAXENA (Expert)
17 June 2013 Cash is also an Asset.
So it applies for Cash as well.
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