26 December 2013
Pvt ltd company is incorporated on 26-12-2008. it is not done any transaction even a single rupee till F.Y 2012-13. what is balance sheet and profit and loss account for 5years.plzz ans with clear bs & pl for every year
26 December 2013
BS will have authorised capital as per memorandum and subscribed and issued capital also as per memorandum. Total of issued capital must be equal to cash / bank balance.
No other items in BS
There will not any P & L a/c. as there are no operations
26 December 2013
Please reply if you want printed balance sheet and profit and loss account of that company for 5 years. . . Hope you have clearly understood what I mean. . . Bhai Saheb, without providing any figures relevant to the company for all the years; how one can draw the "CLEAR PICTURE" of your company? . .
26 December 2013
You have to provide for Auditors' Remuneration and other Company Law Related Matters expenses and accounting for bank charges etc. . Hence even if there are NIL transactions; PROFIT & LOSS will not show NIL results. . Similarly; by that amount of loss as shown in the profit and loss account; each year the MISC. EXPENSES would be increased in the BALANCE SHEET. . .
26 December 2013
paid up capital is 1,00,000 cash in hand is 85,000 Misc expenses (incorporation) is 25,000 every year only audit fee is 10,000. please provide me clear Picture sir provide me printed form if your able to provide sir No bank account sir
26 December 2013
Draw a balance sheet and profit and loss account for a company for its first two years which had paid up capital is 1,00,000 and cash in hand 85,000 and audit fee 10,000 every year. miscellaneous expenditure is 15,000No transactions Other Than this.no bank account
CAclubindia
