what is the Finalization?
- 2 Answers
- 4257 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 |
Are having 8% CST in any commodity or state.
WHAT IS THE MANAGEMENT ?
what r the differences among GRN, TOT, VAT and other regestration numbers. what is the limit to the turnover according to vat act?Pleas clear my doubt.
1 Answers Satyam, Texus, Vinayak Traders,
I am George Moses from Mumbai I am asking the how to clculate the TDS on Labour ? Sub LAbour.
Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.
Which form we use for depositing TCS?
how much deduct TDS company or non company
Can i take service tax on freight outward.
if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
how many form used in sales tax return from begining to ending?
Whether TDS is deductible after service tax addition or not?
Audit 
