sir
how to prepare provisional b/s of an ad agency? Do there any principle or method to follow? Please share.
Mangala
1 Replies
muhammed shanid
(Accountant)
(35 Points)
Replied 20 March 2019
Sir
I have started working on a company in abroad They have been operating the business from last June 2018 and no accounts or bookkeeping methods have been used till now. I calculated opening stock with available Purchase and Sales of January to March and comparing with closing stock. And I also found the Current Liabilities, Current Assets, Payable, Receivables, Fixed Assets and Depreciation etc. Currently i am using Tally ERP 9.
I have start the accounts from January and when i tried giving Opening balances of Stock in Hand, Cash in Hand,Bank Accounts, Current Assets, Fixed Assets , Current Liabilities etc it showed a difference in opening balances
( i haven't put the capital account amount as i dint got it,Its a sole proprietary , so the closing stocks and everything should automatically adjust with capital account right?)
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