Year end closing of accounts of Churches.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2011 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)

13 June 2011 Hi,
Awaiting a reply. Seek experts advice.