Preparation of balance sheet
This query is : Resolved
09 November 2012
company incorporated in Dec,2011
when should it prepare it first balance sheet
when should it prepare it first balance sheet
09 November 2012
End of the Financial Year that means for the first financial year, B/s could be prepared date of Incorporation that is dec -2011 to 31-mar 2012. Next year on words from 1-apr to 31 mar as per income tax act 1961.
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