p&L ACCOUNT / BALANCE SHEET
This query is : Resolved
26 February 2009
Ours is a central government organisation and has a sports club and many of the employees are members. club is getting subscription from all members. The club is not registered with any body and every three years will have committee elected by members. I would like to know whether it is mandatory to have P&L Accounts and Balance sheet or only R & P will serve the purpose.. please reply to shankar.bh@gmail.com
26 February 2009
Better to prepare Income and Expenditure a/c and Balance sheet every year.
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