there is a company which is incorporated from last 2 year back but not in operation.
how to prepare the balance sheet of the company and the expenses which are regularly going on.( for example audit fees. roc fees. )
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Preparation of balance sheet
Replies (2)
Bs should be prepared is per company act 2013 if the exp is going on show in ur bs so that you can amotonize ur preliminary expenses when ur comp starts making profits
Financial statements should be prepared based on the new provision of the Companies Act 2013 for the financial year 2014-15. Also, please note that the operating expenses like audit fees, preliminary expenses and other expenses should be charged under profit and loss account.
Regards
Manish Jain
Email: manishjaincfa @ gmail.com
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