Balance sheet finalisation
This query is : Resolved
29 October 2009
pls tell me what is balance sheet finalisation? which process should I follow to finalise it?
30 October 2009
Dear Sharvari
B/s Finalization means to put all Trial Balance Items in B/s & P&l format also complying with Schedule VI, Accounting Standards and Company law, Income Tax & other Indian GAAP.
You may use Schedule Vi of Companies Act. Also refer formats used in ITR-6 of Income Tax and Form 23AC of MCA ROC filling for understanding their requirements. That will help you.
For Further queries you can contact me on sandhyadeepakca@yahoo.com
Plz Assign status of Resolved to the query, if u r satisfied with the answer.
B/s Finalization means to put all Trial Balance Items in B/s & P&l format also complying with Schedule VI, Accounting Standards and Company law, Income Tax & other Indian GAAP.
You may use Schedule Vi of Companies Act. Also refer formats used in ITR-6 of Income Tax and Form 23AC of MCA ROC filling for understanding their requirements. That will help you.
For Further queries you can contact me on sandhyadeepakca@yahoo.com
Plz Assign status of Resolved to the query, if u r satisfied with the answer.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
