The Company was incorporated on july 2010 on the basis of 100% FDI. The FDI was received on august 2011. Now kindly advice how the Balance Sheet for the financial year ending 31st March 2011 will be prepared as the capital was not received at that time and there was only 12000Rs Expenditure incurred in it.
06 March 2012
Show P&L Debti Balance (Assets side of BS) Rs.12,000 and on Liabilities Side show the party name who incurred this Rs.12,000 (As current liability).No share capital and no assets.
CAclubindia
