Quote:
Originally Posted by saba mushtaq
Seniors kindly guide me about format to follow for individual's trading and profit and loss account and company's trading and profit and loss account and balance sheet
Repky urgent
|
No one Uses T Account anymore they are just old presentation of Profit and Loss account and Balance Sheet and As per new Syllabus you have to follow the guidelines of ICAP/SECP/CO1984/IFRSs that means no T Account and don't forget to take a good look at Schedule 4 and 5 of Companies Ordinance 1984 Good luck