Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / jayasen panigrahy
In finalization of accounts means closing books of entry for the financial year.
First we prepare Trial Balance,With the help of trial balance prepare final account means,
Trading A/c
P & L A/c
Balance Sheet.
| Is This Answer Correct ? | 19 Yes | 6 No |
Post New Answer View All Answers
I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code
Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?
How & When We Calculate Deffered Tax... Please Give me Some Example.?
What is the Accounts Payable & Accounts Receivable ?
What is T+2 rolli g settlement cycle?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
what is forecast
Take me through the entire vendor cycle.
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
What Question ask in MARKIT Company?
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
Please do tell me about the questions which are asked at BACS FINAL ROUND.
What is PE ratio formula ?
What is the meaning of Debt reconciliation and how to do debt reconciliation?
what are the uniform public construction cost accounting act procedures?
