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P&L ac of a partnership s/w firm in india

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2010 how to prepare a P&L a/c for partnership firm engaged in s/w business. the expenses which are aloowed & disallowed while calculating the profit/loss. the company is filing the return for the first year, though its registered in 2005. till 2008-09 there was no revenues, in 2009-10 some revenues are generating, eventhough the company is in loss. please help. purchase of computers,it has 7 employees & 9 computers(among 9, 3nos was purchases in 2007, 3 nos in 2008& 3 during 2009), purchase of domains,softwares, imagesetc for the websites etc are the expenses. The company is operating partly for a US based company, so every month the US company will be transfering foreign money to the said company's bank a/c. Pls help, i am desperatly in need
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
17 April 2010 I have uplaoded one file with B/S, P&L and Schedules format. You just need to enter the data. Its there in shared files uploaded by me.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 April 2010 Thanks a lot Mr.CS Prakash Somani, the file was of great use
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