what is the finalisation of balancesheet and how it can be
made
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Answer Posted / manish sharma
Finalisation of balance sheet is to prepare the summary of
accounts after all adjustments & provisions like
depreciation of fixed assets, provision for doubtfull
debts, provision for deffered tax liabilities/assers,
provision for various taxes etc. It is prepared as per
standard Format:
M/s .................
Balance Sheet
(For the Year ending as on.....200...)
____________________________________________________________
Liabilities |Amt. | Assets | Amt.
_____________________|_____|_________________________|______
Capital | | Fixed Assets |
Loans and advances | | Current Assets |
Reserves & Provision | | Preliminary exp. |
Cureent Liabilities | | |
_____________________|_____|_________________________|______
_______________Total_|_____|___________________Total_|______
_
| Is This Answer Correct ? | 121 Yes | 15 No |
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