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how to prepare balance sheet , p and l account ,
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Answer / thakor
with the help of Trial Balance we can prepare b/sheet and P
&L A/c
| Is This Answer Correct ? | 22 Yes | 1 No |
Answer / s.srinivasan
FROM THE HELP OF JOURNAL ENTRY AND TRAILBALENCE
| Is This Answer Correct ? | 20 Yes | 4 No |
Answer / sandeep
All the journal entry will posted in ledger.with the help
of ledger we will prepair trail balance.finaly all trial
balance enteries are transferd to Profit & Loss A/c and
balance sheet
| Is This Answer Correct ? | 13 Yes | 1 No |
Answer / zia masud
The balance sheet portays the financial position of the
entity by listing the balances of assets, liabilities, and
capital at the end of reporting period.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / sridharsdn@gmail.com
In Accounting Life cycle first we start any business
transaction by preparing vouchers.
Through Vouchers we will prepare General Entries.
Through General Entries we will prepare Accounts.
Through Accounts we will prepare Trial Balance (for
checking of arithmetical accuracy) .
Through Trial Balance we will prepare P & L Accounts.
Through Profit and Loss Accounts we will prepare Balance
Sheet.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / khan
Yes, With the help of Journal Entries and Trial Balance,
can prepare Profit & loss Account and Balance Sheet,
Regards,
Khan
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / deepak
first trail balance prepared,then trading account prepare
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / shailaja
balancesheet and profit and loss a/c can be prepared with
the transactions,all d transactions are written in jounal
entires and tht entires are helpful to prepare leger a/c
after leger accounts we have to prepare the trial balance
it is the final step of accounting process by the result of
trail balance we can prepare p & l a/c and balance sheet.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rabindra kumar mallick
With help of Accounting Standard, Proper accounting entries
should be passed, then to finalise Balance sheet & P & L
account.
| Is This Answer Correct ? | 1 Yes | 1 No |
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Audit 
