what is the Finalization?
- 2 Answers
- 5467 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Finalization of Accounts is the process of preparing the
Profit and Loss Account for an Accounting / Financial period
(Month, Quarter, Half yearly, Annual,etc.) and Balance Sheet
as on the last day of that Accounting / Financial period
with relevant notes and schedules.
In other words it's process of summarising the business
transactions during a financial period to know the quantum
of profit made or loss incurred during that period and the
position of assets and liabilities at the end of that period.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / felsy
finalization is the process of preparing profit&loss a/c,
which help to know whether the company has made profit or
loss for the financial period, and to prepare the
balacesheet to know the financial possition of the business
on the end of the finacial period
| Is This Answer Correct ? | 1 Yes | 0 No |
what is excise return, what is form requirement and what is procedure for excise return?
please share fy 2017-18 salary tds auto matic excel utility
How you will verify a supplier's bill of payment?
What is TCS? Are the rates of TDS and TCS same??
One bill of Rs.200000/- for Machinery hire issued by party, but total bill is reversed by me to party. In this matter what is the TDS Deduction entry I can made or not?
what is reverse charges in service tax
what is deemed sales? how to calculated
procedure to get Raw Material free of excise duty under Central Excise Act,
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
What is the TDS percentage advertisement
IF any payment made to resident but not ordinary resident in dollar, as provided technical & professional services in india which is taxable in india or PE-India is applicable for taxability in india
1)How to calculate HRA in Income tax 2)Kindly give me Item list applicable for Tax deduction with their Amt limit and section (Ie Lta,grautity)
Audit 
