Answer Posted / deepti
Firstly make the journal entry for all transaction, then
posted it to relevant ledger, then for accuracy check
prepare trial Balance,then take the cash and bank balance
from the Cash book and bank statement and prepare the BRS,
Party ledger reconciliation, And from that we can get the
debtors and creditors figure, and the make the necessary
adjustment entries and calculate the stock amt, Outstanding
and prepaid amount then finally prepare the trading, profit
and loss and Balance sheet.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What are the disadvantages of manual accounting?
Explain me the difference between public and private accounting?
on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount
what is the method deposit of wct in Delhi
What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
Scope and nature of Accounting
How create the invoices?
What is account in accounting?
Explain what does financial statement of the company includes?
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
What are the advantages & disadvantages of double entry system?
Explain have you ever heard about tds, what it is?
How many invoices on average do you handle on a weekly/monthly basis?
