Step 1 of the workflow
Select entity type This application drafts financial statements under the ICAI Guidance Note on Financial Statements of Non-Corporate Entities (periods beginning on or after 1 April 2024). Entity type drives terminology (owners' funds, members' funds, corpus) and applicability warnings.
Non-corporate entities Sole Proprietorship Owners' / partners' capital terminology Partnership Firm Owners' / partners' capital terminology Hindu Undivided Family (HUF) Guidance Note terminology, adapted as relevant Association of Persons (AOP) Members' funds terminology where appropriate Body of Individuals (BOI) Members' funds terminology where appropriate Society Members' funds terminology where appropriate Trust Trust funds / corpus terminology Statutory Corporation Guidance Note terminology, adapted as relevant Autonomous Body Guidance Note terminology, adapted as relevant Authority Guidance Note terminology, adapted as relevant Other Non-Corporate Business / Professional Entity Guidance Note terminology, adapted as relevant Out of scope Limited Liability Partnership (LLP) Outside the ICAI Guidance Note for non-corporate entities Company Outside the ICAI Guidance Note for non-corporate entities