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Year end closing of accounts of Churches.

This query is : Resolved 

Querist : Anonymous


Querist : Anonymous (Querist)
Hi,
Please advise - Is it required that the Final Accounts of non profit religious institutions such as churches should be closed at a year ending date such as 31-12-2011 or FY - 31-03-2012.
If the previous year closing was done on 15/01/2011, then is it required that the next year closing should be done on 15/01/2012. OR Is it compulsory to close accounts at a year end such as 31/12/2011 or FY- 31/03/2012. Please advise.


Querist : Anonymous


Querist : Anonymous (Querist)
Hi,
Awaiting a reply. Seek experts advice.


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