Dear frds / experts,
If a small Pvt Ltd company is going to close due to loss, then during audit, which are the entries / ledgers to be posted or adjusted in tally while closing the company? What are the points should be kept in mind while closing...Plz kindly advice with details.
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Accounting entries while closing a company
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All Fixed assets to be sold and its sale value can be used to set off loans and liabilities and Finally Share capital ...
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