Transport business


This query is : Resolved 

04 April 2012 Sir,

I have a partnership firm.I get bills for transporter (Creditor) and make bills of transport with servicetax and give to party ( Debtors)

Please say should i make profit loss ac or income expenditure ac as on 31/3/2012

05 April 2012 You have to prepare Profit & Loss Account.


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