Answer Posted / pravin borkar

Finalization of balance sheet is to organize the summary of
Accounts as conclusion balance and all adjustments &
provisions like
depreciation of fixed assets, provision for doubtfull
debts, provision for deffered tax liabilities/assers,
provision for various taxes and other exp etc. It is
prepared as per
standard Format for showing details of condition of
organization

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We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............

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Under the accrual basis of accounting incomes are recognised at the time -------------------

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sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA

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