No Account Case

Normal
0






MicrosoftInternetExplorer4



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Hi,
 
I understand that for no account cases, these four things need to be mentioned :
1. Amount of total sundry debtors                     

2. Amount of total sundry creditors                                              
3. Amount of total stock- in-trade                                               
4. Amount of the cash balance

While I understand the first two, I am not to sure about the third one. In case of IT consultancy, we do not have any stock with us as we provide services. So what goes in this field here - is it zero or will it include the assets value (and/or depreciation) - I am confused??

- for service providers they use some consumables in course of service, however u dont have to show any "closing stock" if such consumables are not of high value. 

Also, in case of the 4th one, does it mean only cash in hand or it includes fixed deposits, NSC/ KVP etc too?

- KVP/NSC are investments , cash balance is the only cash amount held on the date of balance sheet , i.e 31- march 

Thanks in advance for your time to read this :)