Income & expenditure or trading & p/l a/c

Others 608 views 2 replies

Student

24 Points Joined February 2011

Hello Friends....!!!!!

Please clarify me the following query...:-

One of our client has a photo copy Shop & also provide the services to the students of learning typewriter at the same shop...

Now My query is that we should maintain Income & Expenditure or Trading & P/L A/c........!!!!!!

Replies (2)

Accounting Firm

33 Points Joined August 2009

He should maintain Income & Expenditure A/c.

Accountant

106 Points Joined November 2012

IF HIS TURNOVER NOT HEAVY HE COUNLD NOT MAINTAIN, ITS NOT COMPLSRY

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