Interested to Buy Any Domain ? << Click Here >> for more details...
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
Tell us what do you believe should be an important quality of an account executive?
What are the differences between accounting and auditing?
Other accounting interview questions to expect when you interview for an accountancy job include:
how many types of currencies are there in oracle r12
Compare financial accounting and cost accounting.
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
What is an accounting transaction?
Can you differentiate public and private accounting?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
What is the entry for closing stock value reduction?
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
what is the basic difference between pooling of interest method and purchase method in amalgamation
What is the objective of the balance sheet?
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
