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how to prepare balance sheet , p and l account ,
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Answer / meenakshi kuamri
For preparing balance sheet first of we post all entries in
ledger from journal and then those are entered in trail
balance. With the help of trail balance we prepare a trading
account in which make entries of all direct expenses and we
find out gross profit or loss which will be transferred to
P& l account and then all assets and liabilities are entered
in balance sheet
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / guest
balance sheet is prepared after calculating all the assets
& liability.
| Is This Answer Correct ? | 3 Yes | 6 No |
Answer / vijayaraghavan
opening balance
(ADD)
Drawings
(ADD)
Income
(LESS)
Expenditure
| Is This Answer Correct ? | 3 Yes | 8 No |
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