Regarding final accounts
This query is : Resolved
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 ?
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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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.
If i need to give to bank for loan purposes.
06 October 2022
Depends upon the bank's requirement. Generally single aggregate statement is required to be submitted.
06 October 2022
Ok sir thank you for answer
06 October 2022
You are welcome ..
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