steps for finalisation of accounts and related entries
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Answer / k.kishan
Preparation of Trailbalnance, Reconciliation of Stock
ledgers, Bank accounts, venders accounts, custemers
accounts, inter branches accounts, posting of JVs for
Provisions and Prepaid Expenses for the financial year and
Tax adjustment entries, than prepair final Trailbalance
sheet, than prepare Profit & Loss/Income & Expenses a/c,
Balance sheet on a particular date
| Is This Answer Correct ? | 62 Yes | 11 No |
Answer / nagaraj m
Firstly we have to finalise the debtor and creditor accounts, stock accounts, bank accounts, inter company accounts if any, posting of JVs in respective account books, Cash entries, closing all books
| Is This Answer Correct ? | 17 Yes | 0 No |
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