Answer Posted / mahesh hk
Firstly you need to pass journal entry and you need to post
it in ledger and after that with the help of journal entry
you need to prepare the Trading Account and profit and loss
account and Next step is to prepare profit and loss
appropriation account. Then you can entry the Asset on the
right hand side and then liablity to be left hand side of
Balance sheet.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
what is the manual procedure for accounting
Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax
WHY U HAVE CHOOSE ICWA WHY NOT CA
How new/innavtive assets are to be treated under IFRS?
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
what is opening stock formula?
How to create a liability for Service Tax in SAP
Differentiate public and private accounting?
Do you use social media to identify prospects?
Can you name any other accounting application?
how sales invoices adjusted against advance received from Debtor?
Where do we create House banks and what is the process in sap fico
Explain an example of a tough decision you had to make quickly?
What is the difference between accrual
Explain financial accounting. What are its characteristic features?