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Preparation of balance sheet

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(Querist)
09 November 2012 company incorporated in Dec,2011

when should it prepare it first balance sheet
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Shaik

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Shaik (Expert)
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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