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Balance sheet of service Providers


LAW STUDIO ASSOCIATES   25 October 2020

LAW STUDIO ASSOCIATES

 2 likes  208 points

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How to make balance sheet of Dear Sir Service Provider
What happens in the balance sheet of the service provider when there is a profit and loss account in the normal balance sheet.
please help me

avater

AMAN RK JAIN   25 October 2020

AMAN RK JAIN

 4 likes  121 points

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FOR MAKING BALANCE SHEET OF SERVICE PROVIDERS OR A SERVICE COMPANY ....

FIRST OF YOU HAVE TO REALISED OR COLLECTS THE VALUE OF CURRENT & NON CURRENT ASSETS ...
like 1. inventory or closing value of stock that service you are purchasing and selling.....
2. current assets that you have to receivable within the year ....
3.non current assets that you are owning for love ng time or long term investment
4. misc.expenses (preliminary expenses) its the part of assets....
5. deposits
then

Next you have to value of liabilities


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