01 October 2009
Can anyone help me to finalise Balance sheet .. need step by step procedure for finalisation of Balance Sheet , wana know abt provisions , can anyone help me in this matter.
16 October 2009
There are no steps for einalising a Balance Sheet.For Finalising Accounts one needs to have a thorough knowledge of the business whose accounts are being finalised, there are many things to be considered like,
Whether all income has been booked , Expenses incurred have been booked, Expenses which have been incurred but whose bills are not available, to be provided for, Depreciation calculation , Deferred Tax Application, Current tax provision etc.
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