Monthly Balance Sheet


This query is : Resolved 

31 August 2010 Dear Sir,

Monthly colosing and preparing balance sheet is possible? if yes, what should be consider in it?

Regards,
Mohammed

31 August 2010 yes you can make.

It would be like annual balance sheet only.

31 August 2010 Monthly balance sheet can be possible, as like closing quarterly and annual balance sheet, you need to consider accrual of Income and expenses during the month accouted correctly,other reconciliations,ledger balance confirmation etc.


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