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 Topic
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
Related Topics
CAclubindia
