Answer Posted / srinivas annavarapu
First prepare TB based on your GL, and take cash and bank
balances from Cash book & bank book.
Prepare BRS, stock, Debtors & Creditors reconciliations and
pass the necessary adjustment entries to arrive at the
correct numbers.
Calculate the closing stock.
Identify the amounts payable (Outstanding expenses like
Electricity, Rent, tax etc.) and prepaid expenses if any.
considering all these above prepare Trading, P&L a/c and
balancesheet.
| Is This Answer Correct ? | 272 Yes | 30 No |
Post New Answer View All Answers
What is Trade Recovery Estimate and how can we calculate it?
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?
what are the difference between banking institutions and financial institutions?
hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...
would gross expenditure vouch the correctness or otherwise of the given expenses?
Can I check my Vantage credit score range online?
What is Analysing
why are you selecting for the profitbulity analysis costing based& active based
what are the customization u have done in sap mm
Expand-------SNAT
Three steps for correction in BRS?
define bank Draft
1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?
npa is either person or account
