Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is finalization

Answer Posted / mazahar

finalization in simple words,

Preparation of Profit & loss account, Balance sheet and
Statement of Shareholder equity, and need to provide report
to management. Management concern Finance manager,Director,
board members,GM. Closing of all revenue account, expenses
account, retained earning account and income account.and
Cash flow statement, with complete audit report and notes.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is cost accountancy? What are the objects of cost accountancy?

1057


Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.

2021


What are time sheets?

1108


what is the difference between profit center area and business are.? please make me clear.

2482


we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

2138


How can you define departmental accounting?

1283


If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?

1113


how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you

1663


what are the disadvantages of back-flush accounting?

1090


What is mutual fund sub accounting?

1112


What is accounts receivable?

1122


What are assets minus liabilities?

1059


1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?

1341


Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.

2342


How Can We Justify the,Real A/C & Nominal A/C?

2271