Pending balance sheet etc

Muhammad Arshad Ashrafi (Accountant) (189 Points)

16 May 2011  

Dear All

I need valuable help,

I.T.Advisor give us a pending a/c work of financial year 2007-2008, please help me how to do this work , as below

No account books in manual or Tally (need to start accounting from begining)

party have purchase bill & some expenses bill, bank statements. no cash book.

I.T. advisor (Advocate) give me three figure's as below

Financial Year 07-08

Gross Received 5,90,000.00

Expenses4,80,000.00

Net Profit1,10,000.00

Gross Received is G.P. ? or any other thing

the I.T.Advisor and VAT Consultant want from me prepare Balance Sheet , Trading A/c. & Profit & Loss A/c. with complete entry in account books.

please help me how to understand above figure and doing accounting.

Thanks In Advance

Arshad