Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / jayashree deshpande
Finalisation of Accounts refers to closing the books of
accounts for the particular period of time. This includes
verification of account balances, Passing adjustment
journal entries , preparing trail balance, preparing Profit
& Loss Account and balance-sheet for the same period, etc.
This helps to give a clear picture of the financial
performance of the organisation during the year and to give
the financial position of the orgnisation at the end of the
year.
| Is This Answer Correct ? | 175 Yes | 7 No |
Post New Answer View All Answers
What is a cpa?
When we paid TDS on commission how will journal entry come
what is valuation code and valuation modifier in sap fico
What is tally accounting?
What are the 4 principles of gaap?
What is capital adequacy ratio? What is demat account?
in terms of accounting the trial balance when is it taken?
What is the definition of manual accounting?
If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B
What is accounting normalization?
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
How much mathematics knowledge is necessary or required in accounting?
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
what is profit and loss(dr) in cash flow statement?
What are negative postings?What are Credit memos ?Payment Requests ?
