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How am I supposed to balance the balance sheet when the client has no revenue and lots of expenses, nothing for inventory, no cash, equipment, etc. THANKS!!!
Hi there, I am doing corp taxes for a client that is 2 years behind.
For their first year, they have $100 revenue, but a ton of expenses.
They have no assets at all.
How am I supposed to balance the balance sheet when all I have is $100 revenue and $5000 expenses, nothing for inventory, no cash, equipment, etc.
Thanks in advance!
‎October 30, 2019
6:48 PM