Dear All
I need valuable help,
I.T.Advisor give us a pending a/c work of financial year 2007-2008, please help me how to do this work , as below
No account books in manual or Tally (need to start accounting from begining)
party have purchase bill & some expenses bill, bank statements. no cash book.
I.T. advisor (Advocate) give me three figure's as below
Financial Year 07-08
Gross Received 5,90,000.00
Expenses4,80,000.00
Net Profit1,10,000.00
Gross Received is G.P. ? or any other thing
the I.T.Advisor and VAT Consultant want from me prepare Balance Sheet , Trading A/c. & Profit & Loss A/c. with complete entry in account books.
please help me how to understand above figure and doing accounting.
Thanks In Advance
Arshad
CAclubindia
