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Let me know the chronological order to reach final accounts
begining with Journalisation
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Answer / satyaki_raju@yahoo.com
chronological order
1.Journalisation
2.Postin into ledger
3.Balancing the ledger
4.Preparation of Trail balance
5.Praperation of Trading and Profit and loss account
6.Balance sheet
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Answer / venkata subbaiah
That Answer is correct chronological order is
1.journal entries
2.postin to ledgers
3.Balancing the ledgers
4.Prepare the Trail balance
5.Prepare the Balance sheet is finally.
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Answer / mudunoori
Mr Venkata Subbaih You missed one important stetement i.e
Trding,Profit and Loss account
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Define capital
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