Answer Posted / m s nageswara rao
The Books of accout are closed to find out profit/loss of
the accounting year.The accouts are closed for
finalisation. From this Trading, Manufacturing, Profit &
Loss Acconts, & Balance sheet are prepared - the entire
process is called finalisation.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
what is the difference between sap and sas?
Difference between cash and merchantile system?
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
Expand BFSI
Can anyone mail journal entries for me? my Mail id rukmini@live.in
sort out the difference between service provider & service reciepient from the service tax.
define fixed assets
What is the Formula For Return on Working Capital
Is WCT paid to be considered as overhead during costing in construction firm?
pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com
In sales what rule applicable
what are the financial ratios that a manager see in accounting?
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
why should the company give first perference to the perference shareholders?