01-31-2012, 11:20 PM
yes as per companies ordinance every company is required to prepare its financials which includes p/l and b/s . for details please consult section 234 of companies ordinance 1984
and for first year there will be no comparative figures and you'll need to put a note regarding the fact that it's company's first year of operation, about its incorporation, business etc etc.
and for first year there will be no comparative figures and you'll need to put a note regarding the fact that it's company's first year of operation, about its incorporation, business etc etc.