Balance Sheet preperation

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1 Points Posted on 22 March 2021
I need to prepare balance sheet for a furniture company strated three years back.What are the details i should ask inorder to start the final accounts preperation?
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On 22 March 2021 at 11:02 Report
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This discussion provides guidance on preparing a balance sheet for a furniture company that has been operating for three years. Key information to collect includes stock details, income and expenses, debtor and creditor balances, GST and income tax turnover, and loan details. It's recommended to obtain a trial balance if available, and stock figures as of March 31st, 2021. For multi-year balance sheets, compiling details from records is necessary, and seeking professional help is an option if needed.

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Chartered Accountant
24588 Points Posted on 22 March 2021
You should ask the stock details, their income and expenses details, debtors and creditors balances, their turnover details as per GST, Income tax etc. query regarding loans and advances etc
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On 22 March 2021 at 12:43
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Profession
28261 Points Posted on 22 March 2021
Ask for trial balance if it is a computerized one and stock at the year 31stmar 2021
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On 22 March 2021 at 14:33
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17269 Points Posted on 22 March 2021
I presume you need balance sheet for last 3 years. in that case from your diary or kachha book, jot down all details and then prepare Balane sheet. if difficult then take help of any nearby consultant
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On 22 March 2021 at 16:56
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My grammar is 💯 good I
7306 Points Posted on 22 March 2021

Every country I guess has their own schedule 3 companies act. Visit that website and you can get the balance sheet format.

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On 22 March 2021 at 20:31

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