Finalisation of the balance sheet of pvt. ltd company
Vardan Singh Sengar (Accounts Manager in Private Company) (433 Points)
23 February 2013
5 Replies
CA MANISH AGRAWAL
(Practice)
(539 Points)
Replied 23 February 2013
the procedure is to appoint good CA for that work.........
MANIKANDAN S
(B.Com)
(39 Points)
Replied 24 February 2013
Financial statement completion(Balance sheet and profit and loss a/c), notes to accounts(disclosing accounting treatement followed by the company and break up schedules for the financial statement)-these needs to be verified and certified by CA.
JAI PRAKASH SINHA
(Finance executive in DSP Doha)
(49 Points)
Replied 24 February 2013
Please finde the attachmet and take help form your last year balance sheet and start work on balance finalization of balance sheet.
Attached File : 870586 1140379 format of financial statements under the revised schedule vi 1 .xlsx downloaded: 3106 times
Vardan Singh Sengar
(Accounts Manager in Private Company)
(433 Points)
Replied 25 February 2013
JAI PRAKASH SINHA
THANK U SIRJEE
Prashant
(Manager - Overseas)
(97 Points)
Replied 20 September 2013
For finalisation you need to do -
BANK Balance of the books and Statement of the Bank should be tally.
Cash must not be negative in any day.
Depreciation on fixed assets as per IT Act
Provisions of Exp
Balance confirmation from Creditors and Debtors (Not for all but for those who have BIG AMT & TRANS.)
ALL TAX RETURNs and VAT J1J2 should be tallied.
AFTER ALL THIS.....
CALL YOUR CA... HE WILL FINALISE AND DO ENDORSE ABOUT THE ENTRIES AND TRANSACTION.
BY DOING FINALISATION UP TO CERTAIN LIMITS YOU GET THE KNOWLEDGE AND DO EASY WORK FOR C.A.
HOPE....
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