Can we finalize Balance Sheet Without prepare Profit & Loss
Account.
Answers were Sorted based on User's Feedback
Answer / 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 |
Answer / pratima sunkara
no, we cant prepare without taking p&L balance whether it
is profit or loss, we have to show in B&S.otherwise B&s
will not be tallied.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / hari
as per the companies act we can't finalize balance sheet with out P& L a/c, as per the managment act we can finalize with out P& L a/c.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahul
yes we finalize balance sheet through income & expenditure
a/c .so its posible to finalize Balance Sheet Without
prepare Profit & Loss
Account.
Is This Answer Correct ? | 6 Yes | 9 No |
1) What is the steps of delisting the listed company 2) How to spliting the listed company shares 3) Which way the company should function when it has paidup capital is equal or more than 5,00,00,000/- (I mean which way the company should do it work in the company Act 1956. Is the company have to appoint a CS and and managing director of a any other things which is compulsory for these kind of company which paid up capital is 5,00,000/-
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.
can a shadow director be counted for the Board Quorum?
give detail expansion about MIS Report?
5 Answers Oriental Bank Of Commerce,
Can a Chairman of the Board be removed from the chair by the Managing Director And other Directors of the Company during the Course of the Board Meeting.
What should be the answere when asked "tell me about your self".
Role of Finance Manager in matters of dividend policy? Alternatives and factors that you may consider before finalizing dividend policy?
4 Answers Anna University, College School Exams Tests, Ericsson, ETC, Hindustan Drug House, IAF, ICICI, Ignou, MBA, Persistent, South Indian Bank, TATA, UPSC, Xansa,
1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE? 6. what is mutualfund? 7. why net profit shown liabilities side in balance sheet?
How do you value a company
3 Answers Capital IQ, Deloitte,
when contribution is negative, then how to calculate PV ratio?
In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain
What are the forms required to be file along with annual return.