what is the finalisation of balancesheet and how it can be
made
- 8 Answers
- 40904 Views
- BPO, I also Faced
- E-Mail Answers
Answer Posted / shamshad qazi
Income Statement is prepared on the basis of Accrual.
Therefore we will record all expenses to be incurred
together with already incured but imcome is recorded only
when it is realised either in cash or otherwise.Fixed
Assets are the most important part of any Balance sheet
therefore we should carefully depreciate/amortize the fixed
assets accordingly.Profit should be added to the capital
and loss should be deducted. But preparation of all Ledgers
are the primary task.The carrying amount of all the ledgers
help to prepare the balance sheet.
| Is This Answer Correct ? | 24 Yes | 3 No |
Post New Answer View All Answers
i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???
HI, FREINDS, I WANT TO KHOW IS THE CFP (CETICFIED FINANCIAL PLANNER) IS A GOOD COURSE, IS THEY ANY INSISTUTE IN HYDERABAD,IF ANY ONE DOING THIS COURSE PLEASE REPLY ME.
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
What is Accommodation Bill
barwaha
can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com
company accounts introduction?
what is the main link between the income statement and the balance sheet?
what is the document spliting?
I want to know with example of vat & Salestax
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
what is portfolio Saint?
how an accountant can do budgetery controls of expenses?
