Statement of profit and loss (sopl)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2013
Is preparation of SOPL compulsory
(a) for a company which is a start up company and is incurring expenses only on fixed assets
(b) for a company which had charged off its fixed assets in an year and hence prepared SOPL in that year. After that year two years have elapsed and hence for the current year it has Nil balances in the entire SOPL for both current year and previous year. SOPL with only Nil amounts is looking odd.
Companies Act requires both balance sheet and SOPL to be prepared for every year, on that basis should i prepare SOPL this year
Kindly help in this regard
(a) for a company which is a start up company and is incurring expenses only on fixed assets
(b) for a company which had charged off its fixed assets in an year and hence prepared SOPL in that year. After that year two years have elapsed and hence for the current year it has Nil balances in the entire SOPL for both current year and previous year. SOPL with only Nil amounts is looking odd.
Companies Act requires both balance sheet and SOPL to be prepared for every year, on that basis should i prepare SOPL this year
Kindly help in this regard
19 July 2013
even for nil figure its mandotory to fill and provide for sopl.
Guest
Guest
(Expert)
20 July 2013
Ya, it has to be prepared for nil fig also.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- TDS ON CASH WITHDRAWALS...
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Which ITR To be filed by dentist
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
