How to prepare a final account?
Answers were Sorted based on User's Feedback
Answer / d.selvakumar
The final account namely Profit and loss account and
Balancesheet prepared with help of trial balance and
adjusment entries
Is This Answer Correct ? | 19 Yes | 1 No |
Answer / venkatesh
final a/c are prepared for 12 months period.final accounts
are prepared to the financial position of the
organisation.final accounts are preapred based on the trail
balance.actually the final accounts includes trading
account and profit and loss account and balance sheet.
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / s.c.bhalla
Final accounts/ annual accounts normally prepared for 12 months is Financial statement comprising Treading, profit and loss account and Balance sheet prepared from Trial Balance in case of non corporate entities and for corporate it is Balance Sheet and statement of Profit and Loss of a company
Is This Answer Correct ? | 0 Yes | 0 No |
deffered tax treatment in financial statements
Choose the right answer When transport charges reimbursed by the supplier we have to credit 1.Transport charges 2.supplier 3.Other income
What is Mortgage Payment?
What is Accounting?
give journal entry for salary paid in company point of view?
12 Answers Gourav Trading, HP,
ABC Co. is considering an investment with a cost of $55,000. Annual cash savings of $100,000, Present Value at %12 (ABC's discount rate) of $56,502, are expected for the next 10 years. What can we conclude? 1. ABC Co. should make the investment 2. The investment offers a 12 percent rate of return
what are the methods used to allocate support costs?
Why Bank Reconciliation is required?Other reconciliation you do?
Short Answer on _________Financial accounting
You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6
What is meant by marginal cost?
Why you want to chage the current job in 8 months time?