No , Closing balance of last year will be Oping balance current year and will be Carried forward form 1st April from Balance Sheet only ( Assets & Liabilities) Not form Trading or profit & Loss Account . You can not carried forward Direct & Indirect Expense .
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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O P Bagla & Co LLP
New Delhi
CA Inter
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CAclubindia
