ALREADY ONE BALANCE SHEET AND P&l PREPARED, BASED ON THAT IF COST IS INCREASE 10 % AUTOMATICALLY PROFIT REDUCED, HENCE IN BALANCE SHEET LIABILITY SIDE REDUCED, SO PLEASE GUIDE ME.. HOW TO TALLY BALANCE SHEET ? DO I INCREASE OTHER LIABILITY OR DO I DECREASE ASSET SIDE WHICH IS GOO PRESENTATION THNX
Menu
Help reg balance sheet and p&l
Replies (1)
Depends on whether the payment for the expense has been made or is payable.
If the payment has not been made, increase the creditors. If it has already been made, decrease the cash balance.
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
