Answer Posted / m s nageswara rao
The Books of accout are closed to find out profit/loss of
the accounting year.The accouts are closed for
finalisation. From this Trading, Manufacturing, Profit &
Loss Acconts, & Balance sheet are prepared - the entire
process is called finalisation.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
In case of new admission of partner what will be the adjustment for the sharing ratios
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
How Are The Balance Sheet And Income Statement Connected?
what is tds rate of WCT applay for sale tax ragistard company.
---------is the main or principle book of accounts
what is the difference between sap and sas?
What is contract accounting?
Short Answer on ________Adjusting Entries
What is specific reserve
what is the procedure of interview question in genpact
what is Rectification of Errors ?
What are the benefits ofparticipation in a depository?
hi guys, pls refer me how to preppare for Indian Bank exams.
Expand--------OTA
what is book profit
