what is the final accunt
Answers were Sorted based on User's Feedback
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
| Is This Answer Correct ? | 15 Yes | 2 No |
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.
| Is This Answer Correct ? | 4 Yes | 0 No |
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.
| Is This Answer Correct ? | 0 Yes | 1 No |
What is an asset, an expense, a liability, revenue and equity?
HOW WE CAN SEE BANK RECONCILIATION STATEMENT IN TALLY 9
what is Profit & Loss Account?
What is Goodwill?
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.
WHAT IS DEPRICIATION?
while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
What is the disadvantage of double entry system?
mention five items that is commonly use when preparing trading and loss account
Outstanding expenses and Provision for any expense will come under liability side...? Though it is basic question, it is to ensure the answer.
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
Different ways to Query the Invoices