https://www.taxtmi.com/forum/issue?id=113539 Issue: appropriate method of accounting for a small-scale dress-hire business; request for sample Profit & Loss account and Balance Sheet. Core recommendation: engage a chartered accountant or professional to determine accounting basis, revenue recognition for hire transactions, cost allocation, asset depreciation and maintenance of records; textbook formats may serve only as general illustrative guides. en-us Tue, 27 Mar 2018 19:49:40 +0530 Thu, 23 Jan 2025 15:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113539 Issue: appropriate method of accounting for a small-scale dress-hire business; request for sample Profit & Loss account and Balance Sheet. Core recommendation: engage a chartered accountant or professional to determine accounting basis, revenue recognition for hire transactions, cost allocation, asset depreciation and maintenance of records; textbook formats may serve only as general illustrative guides. Discussion-Forum Companies Law Tue, 27 Mar 2018 19:49:40 +0530 https://www.taxtmi.com/forum/issue?id=113539