banner_ad

Presentation or formate

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 November 2010 Respected Sir,

I Am accounting Catters (Mess) Supply Snacks,Lunch,Dinner to Companies on Contract Basis.

1)Please Say should i prepair Income & Expen Ac or Profit and Loss Ac

2) Should closing Stock be considered.

3) What are the Items Consider in Direct Exp & Indirect Exp.

4)Is any Accounting standard to be followed.Please Say or any instructions.

5) Some Ideas for Expenses Head for Catter Service
Please Reply as soon as possible.
Profile Image

CA Shailesh Kumar Bhagat

Profile Image

CA Shailesh Kumar Bhagat (Expert)
20 November 2010 See, if you are doing the business for profit, you must prepare profit / Loss account.

You have to maintain the stock to get the correct amount of profit / Loss.

I think , in your case all administrative exp are indirect cost.

AS is applicable based on nature of business concern.
Profile Image

survesh

Profile Image

survesh (Querist)
20 November 2010 Nature of Business:Cattering Services

Status: Proprietry

Turnover: 40,0000.00
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details