Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


what is Finalization of Accounts?



what is Finalization of Accounts?..

Answer / jayashree deshpande

Finalisation of Accounts refers to closing the books of
accounts for the particular period of time. This includes
verification of account balances, Passing adjustment
journal entries , preparing trail balance, preparing Profit
& Loss Account and balance-sheet for the same period, etc.
This helps to give a clear picture of the financial
performance of the organisation during the year and to give
the financial position of the orgnisation at the end of the
year.

Is This Answer Correct ?    175 Yes 7 No

Post New Answer

More Accounting General Interview Questions

what is amortization?

5 Answers   HP,


what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?

0 Answers  


what is the meaning of tax invoce & retail invoice

1 Answers   Deloitte,


what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?

0 Answers   HP,


What is corporate assesses?

0 Answers   Genpact,


If ABC security service provider monthly bill for the month of Jan is Rs.2,00,000/- including TDS 2% and Service Tax 12%, Edu.Cess 2% and SHE Cess 1% what is the journal entry.

3 Answers   ABC,


Prepaid insurance entry

1 Answers   Cap Gemini,


i am normally accountant. i am not a CA. then i learn a account maintain

0 Answers   Airtel, State Bank of Mysore SBM,


If a prospective client kept presenting you with excuses not to buy, what would you do?

0 Answers  


how to pass the opening stock entry & closing Stock entry in Tally ?

12 Answers   KBC, TCS,


what is the process of correcting the balance sheet of the company?if the balance of balance sheet are not equal.

1 Answers   HDFC,


How to posting employer contribution

1 Answers  


Categories