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 .
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
