Finalisation of Balance Sheet Practical Points | Balance Sheet Finalization | Accounts Finalisation
Final accounting is the final process of Account to know profitability and financial position of a business in a particulars period of a business concern. Its give us Gross profit,Gross Loss ,Net Profit ,Net Loss and financial position of a business end of the particulars period.
in this video you can understand how to do finalisation of balance sheet .
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Topics timing
1. Introduction –Finalisation of Balance Sheet Practical Points | Balance Sheet Finalization | Accounts Finalisation- 0:00
2. No entry on national holiday – 1:11
3. Confirmation of S.creditors – 1:44
4. Check cash for negative balance – 2:22
5. Copy of all full & final A/C papers require - 3:22
6. Tally opening balance with last year balance sheet – 3:42
7. Tel. Exp.- bill of 12 months entered or not narration similar to that of electricity exp. – 4:19
8. Tally tds returns with relevant ledgers- 4:45
9. Audit fee to be entered – 5:09
10. Check all cash receipts should be signed – 5:31
11. Challan of all Govt. Dues to be enclosed …. – 5:47
12. Transfer previous year pre-paid to relevant expenses head – 6:28
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DISCLAIMER
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, chartered accountant, tax professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
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