What are the steps in doing Finalisation of Accounts



What are the steps in doing Finalisation of Accounts ..

Answer / ashok

Journalised the Transactions.
Posting to ledgers
Prepare the trail balance
Preparation the Profit & Loss account/ Income & Expenditure
Account.
Prepare the Balance Sheet.

Is This Answer Correct ?    22 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

What problems might be encountered if there were no accounting standards?

0 Answers  


Expand-------GDR

2 Answers  


what is ADVANCE,DECLINE ratio. also explain how it helps the investor to predict the stock market movements?

3 Answers   UBS,


what is IPO

5 Answers   FactSet Systems,


which name written in Tan application form Applicant is sole proprieter companies name or individual name?

0 Answers  






fright receive ledger which group under we will open in tally

2 Answers  


Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com

0 Answers  


What is shadow balance?

4 Answers  


Expand C E O

2 Answers   Microsoft, Reliance,


what is Journal Entries?

0 Answers   EDS,


One bill how calculate vat & Service tax

2 Answers  


Expand------BIFR

1 Answers  


Categories