Answer Posted / deepti
Firstly make the journal entry for all transaction, then
posted it to relevant ledger, then for accuracy check
prepare trial Balance,then take the cash and bank balance
from the Cash book and bank statement and prepare the BRS,
Party ledger reconciliation, And from that we can get the
debtors and creditors figure, and the make the necessary
adjustment entries and calculate the stock amt, Outstanding
and prepaid amount then finally prepare the trading, profit
and loss and Balance sheet.
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