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Answer Posted / sankeerthana
My dear Hary if you are doing accounts thru any accounting
packaage the main thing is to group the ledgers. If you do
correctly the system will process and give the report.
If you are in the practice of manual system you have to
satisfy yourself with the acceptance of credit and debit
side balances. After that you have to transfer all the
nominal account ledger balances to Trading,Profit and Loss
account and Real and Personal accounts to Balance sheet.
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