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Balance sheet under fast track exit mode

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(Querist)
22 March 2012 HOW TO PREPARE BALANCE SHEET UNDER FAST TRACK EXIT MODE?
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vignesh

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vignesh (Expert)
26 March 2012 Dear Nilesh Dhameliya,

Prepare the balance sheet with share capital alone on liabilities side and Debit balance profit and loss account on assets side. No other heads on either liabilities or assets accepted. Those heads should be zero as per the Form FTE.

The accounts must be prepared on taking into accounts of last month. The balance sheet date should not exceed 30 days for filing Form under FTE.
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