Balansheet related

last fy 19-20 shows profit above rs19lakh sales is above 6cr but fy20-21 in sales shows 8.27 cr with shows loss of 3lakh how to resolve it and make it to perfect balncesheet
Replies (6)
Quick Summary
This discussion addresses a business experiencing a £3 lakh loss in FY20-21 despite higher sales than the previous profitable year. The core issue seems to be ensuring all sales income is fully recorded and all expenses are accurately entered to correctly calculate profit and loss. The conversation also touches on the definition of a balance sheet as a snapshot of a company's assets, liabilities, and equity.

Aapka sawaal samajh mae nahi aaya.. Solution kaise den?
Mera Matlab fy20-21 main 3lakha ka loss dikhara hai p&l main issko thik Karen kay lea kya kare
Sales income jo hai poori dikhayee. Expenses poore enter kariye Apne aay loss calculate ho jayega .

Here, what do you mean by perfect balance sheet ?

Yes mam

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure.A balance sheet is a summary of all of your business assets (what the business owns) and liabilities (what the business owes). At any particular moment, it shows you how much money you would have left over if you sold all your assets and paid off all your debts (i.e. it also shows 'owner's equity').

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