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)
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