Answer / thamim

final account
Final Account is the Balance sheet and the profit and loss
account which is prepared from Trial balance extracted from
the ledger.Balance sheet reflect the position of the
company as on the date while profit and loss account gives
the result of te business

Answer / raja reddy

It is a statement. Its showing the organization financial
position.We will prepare for know the profit or loses. the
organization position.

Answer / shailendrasen82@yahoo.com

Financial Accounting means Profit & Loss and balance sheet. They are show the Company position as on Present Year and Past Year and Indicate where the stand by their Company in the Market.

What is an asset, an expense, a liability, revenue and equity?

3 Answers  

---

HOW WE CAN SEE BANK RECONCILIATION STATEMENT IN TALLY 9

3 Answers   India Infoline,

---

what is Profit & Loss Account?

4 Answers   EDS,

---

What is Goodwill?

4 Answers  

---

I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.

0 Answers   Accenture,

---

WHAT IS DEPRICIATION?

8 Answers   Genpact,

---

while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

0 Answers   Synergy,

---

What is the disadvantage of double entry system?

0 Answers  

---

mention five items that is commonly use when preparing trading and loss account

2 Answers  

---

Outstanding expenses and Provision for any expense will come under liability side...? Though it is basic question, it is to ensure the answer.

2 Answers  

---

any body pls. tell me, if we purchase with credit card how to take into tally ( and) comes under which group for credit card purchases

2 Answers  

---

Different ways to Query the Invoices

0 Answers   Accenture,

---