Bs and pl
This query is : Open
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
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
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
26 December 2013
Please reply if you want printed balance sheet and profit and loss account of that company for 5 years.
.
.
Hope you have clearly understood what I mean.
.
.
Bhai Saheb, without providing any figures relevant to the company for all the years; how one can draw the "CLEAR PICTURE" of your company?
.
.
.
.
Hope you have clearly understood what I mean.
.
.
Bhai Saheb, without providing any figures relevant to the company for all the years; how one can draw the "CLEAR PICTURE" of your company?
.
.
26 December 2013
You have to provide for Auditors' Remuneration and other Company Law Related Matters expenses and accounting for bank charges etc.
.
Hence even if there are NIL transactions; PROFIT & LOSS will not show NIL results.
.
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.
.
.
.
Hence even if there are NIL transactions; PROFIT & LOSS will not show NIL results.
.
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.
.
.
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
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
26 December 2013
Please see your message box.
.
I presume that your case is not "limited" to preparation of balance sheet only.
.
I presume that your case is not "limited" to preparation of balance sheet only.
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- FEMA regulation Act. for inward remitance
- Rental income of jointly held property
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
