Why everyone busy in march

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2013 I know March is the year end....but why everyone is busy in march month...the assignments which are completed in the month of march can be completed later on too...then why there is rush in march everywhere?
Whether there are some specific assignments or entries in accounts which can be done in the month of March only?

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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14 March 2013 actgenerally people busy because year end and they have to finalise in march only.
suppose that need book adjustment through bank then that we have to do in march only na.

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2013 Can you please clarify by giving an example...?and 1 more thing balance sheets are generally finalized after march and many adjustments which remains pending in the month of march can be made later also then why there is rush for finalization in march

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CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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14 March 2013 but suppose to close any account , you need to transfer amount through banking channel then how you can do after march.

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2013 Ok...through banking channel means to adjust the outstanding account of parties like debtors,creditors and other outstanding accounts....it means to obtain amount from parties and to give to parties...then what is the role of CA in these type of closing...please explain