Let me know the chronological order to reach final accounts
begining with Journalisation

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Let me know the chronological order to reach final accounts begining with Journalisation..

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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Let me know the chronological order to reach final accounts begining with Journalisation..

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.

Is This Answer Correct ?    1 Yes 1 No

Let me know the chronological order to reach final accounts begining with Journalisation..

Answer / mudunoori

Mr Venkata Subbaih You missed one important stetement i.e
Trding,Profit and Loss account

Is This Answer Correct ?    0 Yes 0 No

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