Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Preparation of balance sheet

Others 885 views 2 replies

CA Chandan Khandelwal

PROFESSIONAL

52 Points Posted on 15 September 2015

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. )

Replies (2)

Manish Agarwal

2 Points Posted on 15 September 2015

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

manish jain

sr associate

63 Points Posted on 23 September 2015

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