Hello
A partnership firm open on 5 may 2016 and closed on 31st march 2017, but transaction in bank continue up to 5 may 2017, can we make a balance sheet up to 31st march are 5 may 2017, what should be closing bank balance.
thanking you
we purchased a digital signature so please suggest which type of expense, we have to treat this.
Answer nowWhat does this entry mean-
Audit Fee a/c Dr 5000
To Audit Fee Payable 5000
Hi,
While preparing financial statement of I was having a doubt in showing fees received and paid, I have shown first in receipt and payment account and again I getting confuse whether to fees received and paid in income and expenditure or in balance sheet
how to do accounting of builders and what tax aspects should be kept in mind during accounting for builders.
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Balance sheet