Statement of assets and liabilites ?
This query is : Resolved
CA Abhishek Singh
(Querist)
02 May 2012
hello evereyone,
i want to close a defunct company. not commenced its business since incorporation and even doesnot have an bank account.
what will come in the share capital, misc. expenses, and current assets and loans and advances.
i think we can write 100000 in share capital, 15000(co. incorporation exp) in misc. exp not w/off and balance 85000 in current assets and loans and advances, so that balance sheet tallies.
waiting for opinion of experts.
i want to close a defunct company. not commenced its business since incorporation and even doesnot have an bank account.
what will come in the share capital, misc. expenses, and current assets and loans and advances.
i think we can write 100000 in share capital, 15000(co. incorporation exp) in misc. exp not w/off and balance 85000 in current assets and loans and advances, so that balance sheet tallies.
waiting for opinion of experts.
Amol S Joglekar
(Expert)
03 May 2012
Yes, you can go ahead with that. (Either cash in hand or advances given if supporting evidence supports the advances)
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Urd purchase entry in tally prime
- GSTR-9C filing
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
