Tag Archives: #MandatoryDrafting

Is drafting balance sheet mandatory for Diagnostic Centre?

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 for a Furniture and Appliances: Is drafting balance sheet mandatory for Furniture & Appliances Trader & Stores?

Balance Sheet for a Furniture and Appliances The necessity of creating a balance sheet for a furniture and appliances trading establishment hinges upon the legal obligations stipulated by the country or state of operation. In general, enterprises obligated to submit yearly financial reports to governmental bodies are also required to include a balance sheet. This… Read More »