Interested to Buy Any Domain ? << Click Here >> for more details...
what is the finalisation of balancesheet and how it can be
made
- 8 Answers
- 43250 Views
- BPO, I also Faced
- E-Mail Answers
Answer Posted / ranjit kumar padhy
1. Finalization of balance sheet is to close the balance
sheet after preparing the profit and loss account
considering all adjustments & provisions i.e.
depreciation of fixed asstes, provision for doubtfull debts,
provision for deffered tax and other expances. first of all
prepare all ledger accounts and trial balance after prepare
trading a/c and profit&loss a/c after we have finalize of
balance sheet.The profit or loss should be transfer to
capital Account
2.It is prepared as per standard Format for showing details
of condition of organization
3. Two side of balance sheet one is liabilities and second
is assets. liabilities side include capital, loans &
advances,provision & reserves, current liabilities and
assets side include fixed assets, current assets,
preliminary expances.
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?
what are the importance accounting entries for AP and AR process in interview..
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
What is finance lease
Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...
how can make configration related with electronic bank statment and how can i upload bank statment to system
Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them
What is Accounting on Computers
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
what is Ratio Analysis ?
What is fixed liabilities
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
