How to finalise the accounts of any private limited company?

Answer Posted / p ramarao

First confirm the outstanding balances for debtors and
creditors with proper evidence,and compleate bank
reconcilation ,provissions for laibleties ,and complete
stock audit if applicable, caluculate depriciation and
confirm payble taxes, Prepare P&L account and balance
sheet ,tranfer dividend to the share holders.

Is This Answer Correct ?    79 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand---------PED

1611


company's total overhead expense is containing which are the expenses? Definition of overhead expense.

1525


What is contract accounting?

1848


whst is detailed information aboutaccounting standards 20to 29

1656


i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me

1454






Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?

1625


A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .

1499


A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c

1636


What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?

1848


Can I freeze my account?

1688


Name some errors which can be detected by Trial Balance

1682


During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?

1508


Debit Note & Credit Note?

1708


What is the due date for filing monthly & annual sales tax returns in karanataka

3229


What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

1612