DRESSES ON HIRE, Accounting - Auditing

[RAHUL GUJARATHI]

I HAVE RENTAL BUSINESS (FANCY DRESSES ON HIRE) IN SMALL SCALE. PLS SUGGEST ME PROPER METHOD OF ACCOUNTING. ALSO PROVIDE ME SAMPLE P&L AND BALANCE SHEET

Posts / Replies

[KASTURI SETHI]

Personal advice and training is required from C.A.for such purpose.

[YAGAY AND SUN]

For this you may refer Class XI accounts books which not only throws light on accounting entries but the various samples of Profit & Loss account along with formats of Balance Sheet.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the view of Sri Sethi. You may engage professionals in this regard.