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
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
CAclubindia
