Financial Audit of Daily 'Dawn' Newspaper and Income Tax References (1944-1945)

Sub title : Balance Sheet as of 31st March 1945 and Legal Tax Citations

Subject: Media Business Finance | Income Tax Law | Financial Management under M.A. Jinnah.

Date of publication: 1945

Language: English

Page: 3p.

Source: National Archives of Pakistan

Serial no: 27397

Keyword: M.A. Jinnah — Daily Dawn Newspaper — Balance Sheet 1945 | S. Rasool & Co. — Income Tax Report — Financial Audit | Newspaper Finance — Media Business — 1944-1945.

Abstract: This document contains the audited Balance Sheet of the Daily 'Dawn' newspaper as of 31st March 1945, showing substantial financial operations with total assets of Rs. 216,522, and includes references to income tax legal cases from 1944. The balance sheet reveals M.A. Jinnah's significant capital investment of Rs. 148,615 in the newspaper, along with detailed accounting of assets including machinery, paper stock, and bank balances, professionally audited by S. Rasool & Co.

Description: This financial document provides a comprehensive snapshot of the Daily Dawn newspaper's financial health under M.A. Jinnah's proprietorship during the crucial pre-Partition period. The professionally audited balance sheet reveals a substantial and well-capitalized media enterprise, with significant investments in machinery (Rs. 24,500) and paper stock (Rs. 63,297), demonstrating the newspaper's operational scale. SCANNED BY: NATIONAL ARCHIVES OF PAKISTAN.

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