Draft Financial Statement for Non-Corporate Entity (NCE)

Draft Financial Statement for Non-Corporate Entity (NCE)

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  • Create Date July 9, 2025
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Draft Financial Statement for Non-Corporate Entity (NCE)

Description

This Excel workbook is a template for drafting financial statements for a Non-Corporate Entity (NCE) such as a sole proprietorship or partnership. It aligns with the Guidance Note on Financial Statements of Non-Corporate Entities issued by the Institute of Chartered Accountants of India (ICAI).

It includes illustrative formats for:

  • The Balance Sheet

  • Statement of Profit & Loss

  • Detailed notes to accounts (numbered from Note 1 to 25)

The data is structured to assist accountants and auditors in preparing standardized, statutory-compliant financials for income tax filing and audit under Section 44AB of the Income Tax Act, 1961.