S ELAVARASI (ACCOUNTANT) (2975 Points)
03 October 2017Dear Experts...
I'm doing accounting Sales Tax return filing works. Now GST related Works and Accounts...
How to I file my ITR...?
How to create Balance Sheet and Profit & Loss accounts...?
This work is under Proffession or Business...?
Thanks in Advance Experts...!!!
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172420 Points)
Replied 03 October 2017
" How to create Balance Sheet and Profit & Loss accounts...?"
As an accountant you know that once vouchers of income & expenditures are posted in any accouning software........... It automatically .....
" This work is under Proffession or Business...?"
Most Debatable question............. but on individual level, professional........ While on office or workforce set up it goes to business level (unless the proprietor is professionally qualified as per sec. 44AA)
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 04 October 2017
Thank you for the reply...
My doubt is over all clear. And one more,
In my knowledge I prepared the accounts based PY's BS & PandL a/c. Also I prepare Business Accounts till date not prepared Proffessionals accounts. So, I have more doubts. But, I don't get newly preparation.
So, How to I prepare as New one...?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172420 Points)
Replied 04 October 2017
Principal of accounting remains same whether it is of business or professional. exept trading account.
For detailed study refer: cengage.com/resource or take help of any local friend accountant to start with...
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 04 October 2017
Thank You sir...
It's very helpful...
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