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can anybody provide list of balance Sheet & P & L Account?
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Answer / rajesh
Balance Sheet-Liability Side
1) Capital A/c
2) Loans & liability
3) current liabilites
Balance Sheet-Asset Side
1) Fixed Asset
2) Current Asset
P& L A/c - Debit side
1) Purchase
2) Direct Expenses
3) Indirect Expenses
P & L A/c-Credit Side
1) Sales
2) Direct income
3) Indirect Income
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / krksarma
no those who are have the income range above the
Rs.150000. or 10 lakhs above turnover those assesse are
submit their balance sheet and profit and loss account and
balance sheet.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / indrani
Balance Sheet
Liabilities
Capital
Capital Liabilities
Assets
Fixed Assets
Investment
Working Capital
Misc. Expenses(Assets)
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / lalit
BALANCE SHEET
LIBILITY ASSET
CAPITAL CURRENT ASSET
RESERVE & SURPLUS FIXED ASSET
LOANS LIBILITY INVESTMENT
CURENT LIBILITY MISC EXP(ASSET)
PROFIT LOSS A/C.
1.OPENING STOCK
2.PURCHASE A/C
3.DIRECT EXP
4.CLOSING STOCK
5.SALES A/C.
6.OTHER INCOME
7. GROSS PROFIT= {(1+2+3)-(4+5+6)}
8. NET PROFIT = (7 - DUTIES & TAXES -DEPRICIATION)
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / laxman singh
Liabilities :-
Net Profits
(-) Drawings
Capital
outstandings
Loans
Bills recivable
Assets :-
Fixed assets
(-)depriciation
Current assets
Bills payable
Closing stock
Cash & bank
| Is This Answer Correct ? | 2 Yes | 3 No |
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
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Audit 
