Preparation of B/S
This query is : Resolved
16 April 2011
Mr. X a Insurance Commission agent has commission income. I want to prepare a Balance sheet for him. Also i want to claim some expenses. How can i show cash in hand? Most of the time he takes money from his parents for petrol and other expenses? So how can i show cash in hand? Please help me prepare a balance sheet.
16 April 2011
show other sundry receipts i. e. inflate the income and show expenses. That is the only way i guess. Or show cash gift from parents.
16 April 2011
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