Balance sheet finalisation
This query is : Resolved
29 October 2009
pls tell me what is balance sheet finalisation? which process should I follow to finalise it?
30 October 2009
Dear Sharvari
B/s Finalization means to put all Trial Balance Items in B/s & P&l format also complying with Schedule VI, Accounting Standards and Company law, Income Tax & other Indian GAAP.
You may use Schedule Vi of Companies Act. Also refer formats used in ITR-6 of Income Tax and Form 23AC of MCA ROC filling for understanding their requirements. That will help you.
For Further queries you can contact me on sandhyadeepakca@yahoo.com
Plz Assign status of Resolved to the query, if u r satisfied with the answer.
B/s Finalization means to put all Trial Balance Items in B/s & P&l format also complying with Schedule VI, Accounting Standards and Company law, Income Tax & other Indian GAAP.
You may use Schedule Vi of Companies Act. Also refer formats used in ITR-6 of Income Tax and Form 23AC of MCA ROC filling for understanding their requirements. That will help you.
For Further queries you can contact me on sandhyadeepakca@yahoo.com
Plz Assign status of Resolved to the query, if u r satisfied with the answer.
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