Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

How to prepare a final account?

Answer Posted / d.selvakumar

The final account namely Profit and loss account and
Balancesheet prepared with help of trial balance and
adjusment entries

Is This Answer Correct ?    19 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

intorduse your self ? what to say if iam fresher.

2643


How Many Types of Excise Duties?

2095


i have need full detail of tds rules and forms submitted dovetails

2077


What Settlement details are required on the delivery instruction slip?

4886


Pls Explain Accounting Standered 1,3,11,29

2392


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

2143


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

3089


what is finance what is bpo why do u want join a BPO types of process in BPO Company's

2308


pls send me capital iq quition paper pls, ihave 2mr interview thanks

2336


which are company offering jobs in PORTFOLIO MANAGEMENT ?

2314


what is the difference between Assets Allocation & Security selection?

2927


differnce between the 4.7 & 6.0 versions?

2202


why did rbi hiked repo and reverse ratio and how it will effect the market

1923


why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?

2246


what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?

2118