Bs and pl

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ismail (Querist)
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26 December 2013 Pvt ltd company is incorporated on 26-12-2008. it is not done any transaction even a single rupee till F.Y 2012-13. what is balance sheet and profit and loss account for 5years.plzz ans with clear bs & pl for every year

P V Ram

P V Ram (Expert)
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26 December 2013 BS will have authorised capital as per memorandum and subscribed and issued capital also as per memorandum.
Total of issued capital must be equal to cash / bank balance.

No other items in BS

There will not any P & L a/c. as there are no operations

Thanks

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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26 December 2013 Please reply if you want printed balance sheet and profit and loss account of that company for 5 years.
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Hope you have clearly understood what I mean.
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Bhai Saheb, without providing any figures relevant to the company for all the years; how one can draw the "CLEAR PICTURE" of your company?
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CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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26 December 2013 You have to provide for Auditors' Remuneration and other Company Law Related Matters expenses and accounting for bank charges etc.
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Hence even if there are NIL transactions; PROFIT & LOSS will not show NIL results.
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Similarly; by that amount of loss as shown in the profit and loss account; each year the MISC. EXPENSES would be increased in the BALANCE SHEET.
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ismail

ismail (Querist)
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26 December 2013 paid up capital is 1,00,000
cash in hand is 85,000
Misc expenses (incorporation) is 25,000
every year only audit fee is 10,000.
please provide me clear Picture sir
provide me printed form if your able to provide sir
No bank account sir

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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26 December 2013 Please see your message box.
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I presume that your case is not "limited" to preparation of balance sheet only.

ismail

ismail (Querist)
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26 December 2013 Draw a balance sheet and profit and loss account for a company for its first two years which had paid up capital is 1,00,000 and cash in hand 85,000 and audit fee 10,000 every year. miscellaneous expenditure is 15,000No transactions Other Than this.no bank account

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