Opening Balance
Prashant Rawat (Accounts Trainee) (61 Points)
08 March 2021
I am posting entries from 1 July 2020. should I put opening balance of indirect or direct expenses ?
Prashant Rawat (Accounts Trainee) (61 Points)
08 March 2021
prasad Nilugal
( GST Practitioner & Accounts )
(14629 Points)
Replied 08 March 2021
No , Closing balance of last year will be Oping balance current year and will be Carried forward form 1st April from Balance Sheet only ( Assets & Liabilities) Not form Trading or profit & Loss Account . You can not carried forward Direct & Indirect Expense .
Prashant Rawat
(Accounts Trainee)
(61 Points)
Replied 08 March 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 08 March 2021
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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