Period of 1st Balace sheet
This query is : Resolved
10 March 2010
If a pvt. co. is incorporated on 1.1.2008, then can it prepare it's 1st financial statement for 15 months i.e from 1.1.2008 to 31.3.2009 ?
10 March 2010
Yes, the first balance sheet or any subsequent balance sheet can be for 15 months.
CS Vandana Kacholia
(Expert)
10 March 2010
yes agree you can prepare the first b/s for 15 months.
10 March 2010
AS FAR AS I AM CONCERENED THE BALANCE SHEET SHOULD BE FOR
1) 01.01.2008 TO 31.03.2008
2) 01.04.2008 TO 31.03.2009.
IT SHOULD NOT BE FOR 15 MONTHS.
1) 01.01.2008 TO 31.03.2008
2) 01.04.2008 TO 31.03.2009.
IT SHOULD NOT BE FOR 15 MONTHS.
Ankur Garg
(Expert)
10 March 2010
Agree with Vandana and Rasesh. For first FY It may be for 15 months.
Regards
Regards
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