Preparation of b/s and p&l a/c

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supriya******** (Querist)
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13 April 2016 hello expert s wanted an advice for preparation of b/s and p&l a/c for the first time of a doctor who is having his own clinic and also working in a pvt hospital plz advice how to take capital balance ; debtors ; creditors plz reply asap

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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13 April 2016 You have to follow cash Accounting system

Amol S Joglekar

Amol S Joglekar (Expert)
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13 April 2016 working in pvt hospital : this will be salary
debtors : ask the doctor to give the list of patients from whom s/he has to receive fees as on 31/03/20xx
creditorts : ask the doctor to give the list of suppliers to whom s/he has to pay as on 31/03/20xx

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supriya********

supriya******** (Querist)
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14 April 2016 thanks sir

supriya********

supriya******** (Querist)
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14 April 2016 what abt capital a/c balance in b/s

Amol S Joglekar

Amol S Joglekar (Expert)
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19 April 2016 It may be the Balancing figure.