Accounts finalization
This query is : Resolved
29 June 2012
Hello
What is mean by accounts finalization and what are the different activities/functions involved in it.
Hello
What is mean by accounts finalization and what are the different activities/functions involved in it.
CMA Ramesh Krishnan
(Expert)
29 June 2012
Accounts finalisation involves the Closing of books of accounts for the particular period under Accrual system of accounting with booking all the expenses & incomes & other provisions which related to the particular accounting period has been booked correctly and arrive the financial statements like Trial Balance, Profit& loss a/c, Balance sheet, Notes to accounts etc.
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