Balance Sheet & Profit & Loss A/c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2011
Dear Experts,
I need the procedure for how to make balance sheet & profit & loss A/c
can any one help me pls
I need the procedure for how to make balance sheet & profit & loss A/c
can any one help me pls
25 May 2011
Proper procedure is as follows
1.Pass Journal Entries
2.Prepare Ledger Accounts
3.Trial Balance
4.Profit & Trading Account
find out gross profit from trading account & same to be transferred to profit and loss account then you need to find net profit & same to be transferred to b/s.
5.Balance Sheet
take all closing balance figures from trial balance/ledger account & tally balance sheet.
1.Pass Journal Entries
2.Prepare Ledger Accounts
3.Trial Balance
4.Profit & Trading Account
find out gross profit from trading account & same to be transferred to profit and loss account then you need to find net profit & same to be transferred to b/s.
5.Balance Sheet
take all closing balance figures from trial balance/ledger account & tally balance sheet.
06 June 2011
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