Date of Financial Statements
This query is : Resolved
Bapun Dasgupta
(Querist)
06 June 2022
A trust was registered on 25 August, 2021. However, the first financial transaction, i.e. transfer of corpus fund occurred on 5 November, 2021.
While preparing the financial statements for the period ended 31 March, 2022, what should be the headline on the top of the income & expenditure account :
"Income & Expenditure Account for the period from 5 November, 2021 to 31 March, 2022"
OR
"Income & Expenditure Account for the period from 25 August, 2021 to 31 March, 2022" ?
Shall be thankful for the reply.
Best regards
While preparing the financial statements for the period ended 31 March, 2022, what should be the headline on the top of the income & expenditure account :
"Income & Expenditure Account for the period from 5 November, 2021 to 31 March, 2022"
OR
"Income & Expenditure Account for the period from 25 August, 2021 to 31 March, 2022" ?
Shall be thankful for the reply.
Best regards
CA R SEETHARAMAN
(Expert)
06 June 2022
"Income & Expenditure Account for the period from 25 August, 2021 to 31 March, 2022"
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