21 July 2020
Dear Expert, We are running Partnership firm(Franchisee of Dr. Lal Path Lab) from last 4 years, in last FY our Turnover was around 6.50 Lakh and we decided to closed the same and we had closed the same firm in mid of the last year. we had run our business on Rental premises and having some Fixed assets, some Debtors , some Loan & Advances, now after sale of the same business, we got one fixed amt (without valuation of any Net assets, debtors, etc).
Please suggest how to close our books of accounts and do final, we need to Make other accounts ? (except Balance Sheet, Profit & Loss account) or pls provide Formats
CAclubindia
