Finalisation Of Accounts

How to do the finalisation of accounts?

FOR FINALIZATION OF ACCOUNTS

1. COLLECT ALL THE DATA (BILLS/RECEIPTS ETC.) OF RELEVANT YEAR

2. PUT ALL DUE/ACCRUED AMOUNT IN PROVISIONAL A/C (AS PER AS)
3. MAKE PROVISION FOR ALL DUE LIABILITIES (EITHER GOVT. DUES OR CLIENT) 

4. MAKE TRIAL BALANCE AS AT 31ST MARCH

5. PREPARE THE BALANCE SHEET & P/L ACCOUNT AND ALSO THE CAPITAL ACCOUNT OF OWNERS (IN CASE OF PROPRITORSHIP & PARTNERSHIP FIRM) FOR INCOME TAX PURPOSE.

6. FILE INCOME TAX RETURN ON DUE DATE

I Want what the procedure of finalisation of balancesheet & what points should check that time

Since u mean Large Brokerage Company ,whether it is a member of stock exchange???if so which stock exchange

since finalisation depends on the various legal angle and it needs looking from various point of view...................

When completed the B.S & P&L how to perpare 3CB & 3 CD & anx 1/2/3

pls advise

3CA/3CB-AUDIT REPORTS.

3CD FORMAT AND DETAILED CHECKLIST CAN BE OBTAINED FROM THE SHARE FOLDER.

USE THE CHECKLIST AND PREPARE THE ANNEXURES BASED ON THAT.

i agree with mr.kalyan Rao.

Hi, I would like to know all the steps involved in finalisation of Accounts.What all we need to do for preparing P&L A/cz

Pls let me know asap.

Thanks,

Chayanika

I want to know about Capital & Drawings

Finalization is purely practical aspect which cannot be explained. They are soo many factors which should be taken into consideration before finalizing accounts.

Venkat.

Finalization of accounts cannot be explained on the net. There are soo many factors which should be taken into consideration before finalizing accounts.

Venkat.