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Categories  >>  Accounting  >>  CompanyAffairs CS
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
Can we finalize Balance Sheet Without prepare Profit & Loss 
Account.
 Question Submitted By :: Trilok Sharma
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Can we finalize Balance Sheet Without prepare Profit & Loss Account.
Answer
# 1		 
no that is impossible,only u can prepeard trial balance 
sheet
 
Is This Answer Correct ?    19 Yes 1 No
Mazahir
 
  Re: Can we finalize Balance Sheet Without prepare Profit & Loss Account.
Answer
# 2		 
Then how to balanace, balancesheet figures without
considering the p&l balance.
 
Is This Answer Correct ?    6 Yes 1 No
Ethpmba
 
 
 
  Re: Can we finalize Balance Sheet Without prepare Profit & Loss Account.
Answer
# 3		 
no, never, if you are not preparing the p l a/c you will 
never know the actual position of your business, (wether it 
incresed or decresed )so it is mandetory to prepare the p/l 
before finalising the b/l
 
Is This Answer Correct ?    2 Yes 0 No
Sanjeev
 
  Re: Can we finalize Balance Sheet Without prepare Profit & Loss Account.
Answer
# 4		 
yes we finalize balance sheet through income & expenditure 
a/c .so its posible to finalize Balance Sheet Without 
prepare Profit & Loss 
Account.
 
Is This Answer Correct ?    2 Yes 1 No
Rahul
 
  Re: Can we finalize Balance Sheet Without prepare Profit & Loss Account.
Answer
# 5		 
no.
 
Is This Answer Correct ?    0 Yes 0 No
Prachi
 
  Re: Can we finalize Balance Sheet Without prepare Profit & Loss Account.
Answer
# 6		 
preparation of total income & expenditure a/c we can 
finalize the balance sheet.
 
Is This Answer Correct ?    0 Yes 0 No
Sai
 

 
 
 
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