Interested to Buy Any Domain ? << Click Here >> for more details...
Can we finalize Balance Sheet Without prepare Profit & Loss
Account.
- 15 Answers
- 20962 Views
- I also Faced
- E-Mail Answers
Answer Posted / asif khan
Hey Without the preparing profit & loss statement we cannot
make the balance sheet becz we dont know the actual
position of the business and in balance sheet we have to
add net profit aur net loss under capital in labilities
side after deduct the drawing and then only we can get the
complete position of the balance sheet and income &
Expenditure with the help we can make the balance sheet but
we cannot know the extract position of the company without
knowing the profit & loss statement and while in audit
people will see the p&l statement , income& expenditure
statement , cash flow , fund flow statement and equity &
debenture of the company then final balance sheet they will
see and tally all the entries so in my point of view profit
& loss statement is very important withour we can't make
the balance sheet .
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Can anybody tell when sbh dispatches appointment letters for Clerical for people completed medical and scrutiny of documents on 15/08/09?
what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?
Is form 38 mandatory to issue c form in up. thru online mode
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
Does any one attented HSBC audit compliance test? Please let me know asap. suraj
why your choseing bank of america
what is meant by search report of the company n why is it prepared?
STATE THE DIFFERENCE BETWEEN BANKING FIS AND NON BANKING FIS
sir i want aao lic exam model question paper
when will be appsc exams will held pls give me the dates
what is rate of service tax and form no. of service tax ? wt rules of service tax a particuler once .?
Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
How to analyse the day to day sensex Points or Forex Values?
Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?
