Required Financial statement format in excel for a consultancy firm
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Quick Summary
This discussion focuses on creating an Excel financial statement format for a consultancy firm, specifically referencing Schedule K. While there isn't one single prescribed format, it's suggested to adapt standard Income & Expenditure Accounts and Balance Sheets (horizontal or vertical) to meet the firm's specific needs, following general accounting guidelines.
It is more or less similar to Income & Expenditure Account and Balance Sheet Horizontal or vertical one. You refer to these and customise Format according to requirement.