Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / karthikeyancma3
First step.Check all the opening balances of all ledger and P&L A/C and Balance sheet .
Step Two. Check opening balance of Cash and Bank balance is is Tally with bank statement and cash book maintained by the company
Step Three.Post all current year exp and income based on available documents
Than start checking with debtor and creditors reconciliation that means payment to creditors and payment advice received from debtors and arrive the correct closing balance
Check TDS deducted by the debtors while payment made to us is reflected in AS 26 other wise we will not get credit
Check TDS deducted by the companies properly accounted and weather they file returs correctly if not make necessary working and adjustment entries
Than account month end entries like EB ,Rent ,Salary etc.For which benefits consumed in Year end but payment made in next year
Do BRS Reconciliation
If you do this above mentioned correctly Tally or whatever the software used by the company will prepare Financial statement
Than Export to excel and make necessary reporting working and schedule and give to your Auditors they will check and signed the Financial statement
If any thing if you find mistake please inform
| Is This Answer Correct ? | 30 Yes | 1 No |
Post New Answer View All Answers
What is meant by retiring Bill
what is the cost and financial accounting? what is double entry system ?
why you would like to work for the our(AIRLINE) Group ???
How can you actualize cah flows of 5 years at 8%
EXPAND_________TOEFEL
when apply for ragistred in central excise no
EXPAND_________SDJMC
bill to addres? ship to addres? rimit to address?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
Hi friends ineed finacial analyst interview question Pls share it
state and explain THREE types of situation to which accounting concept might be applicable
What are the major responsibility's of an accountant? what are the qualities he /she requires?
What is Home Loan Modification?
shares journal entries
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
