How to square off pervious year balance sheet in current yea
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2013
Should i take opening Bal of Indirect Expenses of 2011-12 or only balance sheet items of pervious year 2011-12 in current year 2012-13 to Square off Profit & lossA/c
ans balance sheet in tally 9?
Should i take opening Bal of Indirect Expenses of 2011-12 or only balance sheet items of pervious year 2011-12 in current year 2012-13 to Square off Profit & lossA/c
ans balance sheet in tally 9?
09 October 2013
expenses ledgers cannot carry forward to next financial year. either you have to transfer under prepaid expenses or transfer as receivable under current asset then you have to adjust
01 November 2013
yeah agreed,
Current Year's Expenses cannot be carried forwarded to next Year.
Current Year's Expenses cannot be carried forwarded to next Year.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
