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Answer Posted / h.r. sreepada bhagi
Best way to learn finalization of accounts (Preparation of
P&L A/c & B/S) is to work in a Firm/Company fro some time
and learn it from experienced Accounts staff/Managers. You
can not start with preparation of Balance Sheet from the
beginning of your career. Basic requirement is to work and
get to know the documentation & accounting requirements.
Once you are through with it study the P&L & Balance Sheet
of the company for previous years, take guidance from
seniors and give a try yourself.
Since it has lot of implications, it's not something that
can be learned through a forum like this. If you work in any
Chartered Accountants Firm, then it will be the best place
to learn.
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