THE FORMATION OF THE BALANCE IN CASH

Abstract

From January 1, 2013, all organizations regardless of applicable tax regime must keep accounting records and submit financial statements to the tax authority. Thus, companies that use the simplified system of taxation, which were “liberated” from reporting due 2013 must provide to the tax authorities of financial statements. But how can I create a balance, if in 2003 accounting records had not been maintained? And, if the company uses the cash method of accounting for income and expenses possible during the formation of the balance sheet forming retained earnings based on profits, which are reflected in the accounting Ledger and income under the simplified system? In this article we will consider a technique of formation of balance in the use of the cash method of accounting of income and expenses.