Profit & loss Account
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2010
Dear Sir's
At the time of making profit & loss account, what kind of technical things should be taken in to consideration.
At the time of making profit & loss account, what kind of technical things should be taken in to consideration.
03 December 2010
as concerned my knowledge we find things when preparing the P&l ACCOUNTS.
IF manufacturing company mainly valuevated the inventory according the AS-2.
Concentrate on the interest receivables and paybles
loan payments and advances
any other statutory dues
reserves and provisions after the calculating the profit
its called as a profit and loss account apportions.
and another important issues is calculating the depreciation of fixed assets.
TAX are matched with the commercial dept files and audit records
IF manufacturing company mainly valuevated the inventory according the AS-2.
Concentrate on the interest receivables and paybles
loan payments and advances
any other statutory dues
reserves and provisions after the calculating the profit
its called as a profit and loss account apportions.
and another important issues is calculating the depreciation of fixed assets.
TAX are matched with the commercial dept files and audit records
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- GST ISSUE OF INPUT AND OUTPUT GST
- Tax rate change regarding
- UDIN ISSUE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
