Hi
An easy question I'm sure - which I should know but......
I'm doing a set of accounts for a charity that was incorporated on th 27th Jan 2010. it's year end is the 31st December 2010.
when refering to the P+L, notes and various other sections should I be saying ..."for the year ended 31st December" or should I be saying "....for the 11 months ended 31st December"
also as its the first year there are no comparison figures - should I still have a comparison column full of zeros or should I just leave it out completely.
I've never done one before for a first year incorporated so it's always been 12 months and always had comparisons.
thanks
Replies (4)
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What about...
... period ended 31 December 2010?
I would leave any reference to comparisons out completely.