Company accounts

Accountancy

Will companies prepare balance sheet only at end of the accounting year or some companies does releases profits they earned on quarter or semi annually so will there be preparation even at that time also?

Sugam SM

CA Final

★ 9K+

20-Apr-22 20:55

620

Answers (1)

Companies may prepare balance sheet as at end of any period. Companies do prepare monthly balance sheet (internal reporting purpose - for management) Quarterly - Generally by listed companies as per listing agreement - These are not full fledged. https://www.infosys.com/investors/reports-filings/quarterly-results/2021-2022/q1/documents/consolifrsinr-fy22-q1-finstatement.pdf

CA Suraj Lakhotia

Admin

21-Apr-22 10:15