Answer Posted / h.r. sreepada bhagi
Best way to learn finalization of accounts (Preparation of
P&L A/c & B/S) is to work in a Firm/Company fro some time
and learn it from experienced Accounts staff/Managers. You
can not start with preparation of Balance Sheet from the
beginning of your career. Basic requirement is to work and
get to know the documentation & accounting requirements.
Once you are through with it study the P&L & Balance Sheet
of the company for previous years, take guidance from
seniors and give a try yourself.
Since it has lot of implications, it's not something that
can be learned through a forum like this. If you work in any
Chartered Accountants Firm, then it will be the best place
to learn.
Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Why did you choose the a-levels you did?
What is executive accounting?
What steps would you take before approving an invoice for payment?
what is a state cheque? how it differes from stale cheque?
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.
Why some asset accounts have a credit balance?
Do you think accounting standards are mandatory and why?
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
is we can prepare any account for partnership in tally
What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.
Describe the proof of cash type of bank reconciliation?
What is full rate on plywood box in haryana sale tax:
Tell us how can you define departmental accounting?
what is general accounting