Balance Sheet for the Grocery Here are the steps on how to draft a balance sheet for the grocery & merchandise stores: 1. Determine the reporting date and period: The reporting date is the date on which the balance sheet is being prepared. The reporting period is the length of time covered by the… Read More »
Balance Sheet for Spas Balance Sheet for Spas, No, drafting a balance sheet is not mandatory for spas and parlor services in India. The Companies Act of 2013 only mandates the preparation of balance sheets for companies that are registered under the Act. Balance sheet for spas and parlor services are not considered to… Read More »
Threshold limit There is no threshold limit of balance sheet for Manpower & Employment Agencies in India. The Companies Act, 2013 does not specify any such limit for this type of company. However, there are other regulations that may apply, such as the Micro, Small and Medium Enterprises (MSME) Act, 2006. Under this Act, a… Read More »
Agency Balance Sheet Requirement Agency Balance Sheet Requirement, The requirement for drafting a it is not always obligatory for manpower and employment agencies. The answer depends on the specific laws and regulations of the country or state in which the agency is located. In the United States, for example, there is no federal law… Read More »
Balance Sheet for Spas & Parlor Within the domain of Spas & Parlor Services in India, a significant parameter is the balance sheet threshold, established at ₹2 crores. This signifies that any spa or parlor service boasting a balance sheet total exceeding ₹2 crores is obligated to initiate registration with the Goods and Services… Read More »
Balancesheet Mandatory for Diagnostic Centre Yes, Balancesheet Mandatory for Diagnostic Centre in India to draft a balance sheet. According to the Companies Act of 2013, every company, including diagnostic centers, is obligated to prepare a balance sheet as one of the fundamental financial statements. The balance sheet provides a snapshot of a company’s assets,… Read More »
Balance Sheet Mandatory for Automobile The necessity of preparing a balance sheet mandatory for automobile dealers is not a simple matter to determine. It depends on the specific circumstances of the dealership and the jurisdiction in which it operates. In the United States, there is no federal law that requires automobile dealers to have… Read More »
Media House Financials There is no threshold limit for the balance sheet of a Media House Financials. The size… Read More »
BalanceSheet for DiagnosticCenters Here is no any threshold limit of balancesheet for DiagnosticCenters as it is not specifically mention in the Companies Act, 2013. The threshold limit is the minimum amount of turnover or net worth that a company needs to achieve in order to be classified as a small, medium, or large enterprise.… Read More »
Balance Sheet for Automobile Dealer The threshold limit of balance sheet for automobile dealer is not defined by any law or regulation. However, there are some industry standards that are commonly used. For example, the National Automobile Dealers Association (NADA) recommends that automobile dealers have a minimum net worth of 250,000 and a minimum… Read More »