Regarding final accounts

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suryadipsinh mori (Querist)
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05 October 2022 How to make final accounts of a proprietor who have 3 firms located in same area.. can i add all income and assets in one p&l ,b/s or have to ready 3 different p&l, b/s ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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05 October 2022 For in depth analysis you have to prepare separate statements, but for final return filing you have to aggregate all the figures in one or final P&L and BS....

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suryadipsinh mori

suryadipsinh mori (Querist)
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06 October 2022 Ok sir but for financial statements purpose, i have to ready 3 different final accounts for each buisness right?
If i need to give to bank for loan purposes.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 October 2022 Depends upon the bank's requirement. Generally single aggregate statement is required to be submitted.

suryadipsinh mori

suryadipsinh mori (Querist)
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06 October 2022 Ok sir thank you for answer

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 October 2022 You are welcome ..

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