Answer / p ramarao

First confirm the outstanding balances for debtors and
creditors with proper evidence,and compleate bank
reconcilation ,provissions for laibleties ,and complete
stock audit if applicable, caluculate depriciation and
confirm payble taxes, Prepare P&L account and balance
sheet ,tranfer dividend to the share holders.

Answer / raju mogaveera

First we have to prepare Trial balance on the basis of
ledger accounts maintained by us. Then we have to prepare
Trading and profit and loss Account.And then we can prepare
Balance sheet. After this if we know about the filing of
income tax matter we can file it directly,otherwise we can
take the help of any Chartered Accountant for the purpose.

Answer / saket

Firstly we need to extract Trial balance from the data available with the company and make the annexures/ workings of all the ledger accounts on the basis of vouchers, bills, challans and returns of indirect taxes, stock audit, bank reconciliation, Assets blocks and calculation of depreciation , Outstanding Expenses, Prepaid Expenses etc..
Further, on the basis of these annexures make a rectified trial balance and on the basis of new trial balance Final P/L and B/S will be made.
Next step will be Tax payment and return filing.

journal entry for depreciation

5 Answers  

---

WHAT YOU MEAN DEBTOR AND CREDITOR?

4 Answers   Genpact,

---

What is capital market?

6 Answers   Mellon,

---

How many types of depreciation method do you know? name it.

13 Answers   Delta Star, Ernst Young,

---

what is the accounting treatemnt for issuing material to a subcontractor on recovery basis?

2 Answers  

---

Manju started business with Rs.10000?state whether the following transcation is business transcation or non business transcation?with reson?

1 Answers  

---

what do u mean by cbs???????

12 Answers   State Bank Of India SBI,

---

EXPAND______________RWS

2 Answers  

---

what is credit balance of bank define briefly???

14 Answers   Genpact, HDFC,

---

what is the difference betwen p & l a\c and income & expenditure statement

3 Answers   Genpact,

---

With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?

0 Answers  

---

sir, how to passes opening stock entry in tally9 when i pass entry purchases

1 Answers  

---