Life is changing in its own way. I am not sure of where it is heading but I hope it is heading in the right direction. We have to make use of the energy when it is available.
I happen to feel that why do not I ask people to help me to learn accounting. This is been lingering in my mind for the past 6 months. This thought process came in due to 2 reasons.
No 1- Due to reading of 15 Invaluable Laws of Growth.
No 2- Robert said that it is better to ask someone rather than wasting time.
I have got 2 positive response from the people above me and I am thankful for God to the priviallge I got.
Sole Trader Final Accounts: Point 1
While preparing the Sole Trader accounts, the Balance Sheet will contain the Non Current Assets Cost and Accumulated depreciation and then the carrying amount. But in case of a LLC, only carrying amount will be shown in the Balance sheet and the cost & Accumulated Depreciation will be shown in the Notes section.