Finalisation Of Accounts

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Tell me every point/step of accounting right from the word GO upto finalisation

the final accounts are

 

manufacturing account

trading account

profit and loss account

profit and loss appropriation

balance sheet

the process

 

prepare trail balance

 

see whether it agress or not

 

if does not agree investigate with ledger

 

provide provision..like

value inventory with market price whichever is less

prepare all reconciliation statement.

 

it just a note ..i will share complete soon..


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