Finlization of entries
venkatesh (accountant) (96 Points)
21 November 2013
pls tell me about what are Finlization entries
amitesh
(service)
(44 Points)
Replied 22 November 2013
nothing as such exist.
whenever finalisation takes place we settle various ledgers and we pass some entries for balancing. these entries you can tell as finalisation entries. example: sundry balance written off is made to nullify any ledger when no track of transaction is there.
CAclubindia
