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Please do the need full

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(Querist)
29 August 2011 Dear Sir,

I am working in pvt limited company, i want to know the require entry for finalization of account please.

What kind of precaution take in to the finalize the accounts
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VISHRUT

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VISHRUT (Expert)
29 August 2011 For the purpose of finalisation of account you need to pass following entries.

1. Provision entries( For recurring Exps.)

2. Prepaid entries ( For Exps./ Income spread in more than 1 a/cing year)

3. Closing entries ( for closing Stock , depreciation etc. )

4. Statutory entries. ( Tax Provisions etc.)
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