Interested to Buy Any Domain ? << Click Here >> for more details...
what is finalisation of accounts ? what are finalisation of
accounts entries ?
- 11 Answers
- 68032 Views
- Al-Marjan, I also Faced
- E-Mail Answers
Answer Posted / mohandas
Preparation of the statement of account comprising Balance sheet, Profit and Loss Accounts and Notes forming part of the Accounts is the finalisation of accounts after making adequate provision for expenses depreciation etc. After that:-
1) Transfer all revenue accounts to Profit and Loss Account
2) Tally the Profit and Loss Account With Profit and Loss account attached with the Balance Sheet.
3) Balance of all Assets and Liabilites are carried forward to the next year which must match with the Balance sheet figures.
| Is This Answer Correct ? | 53 Yes | 8 No |
Post New Answer View All Answers
A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?
Rules for filling Income Tax return for a domestic manufacturing company.
What do you understand by transfer income?
The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.
Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?
A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved
what is rules of taxation
How to adjustment of CST ? and also tell me about C-Form affairs ?
IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.
1· What is a bad credit score? 2· What does my credit score mean? 3· Can I check my Vantage credit score range online? 4· Should I have perfect credit score, that is, above 800 credit score? 5· With a 600 credit score, how to improve my credit rating score? 6· How to raise my credit score if I have 500 credit score? 7· How to increase your credit rating score quickly? 8· How can I find out my credit rating score for free? 9· Home Equity Loans ????????· 10. Calculate Mortgage 11· Mortgage Payment 12· Mortgage Payment Problems
Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V
what is D-1, D-2, Vat-C4,
what is the significance of business taxation in private company?
can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax
what is capital account? how to manage it? what is the process?
