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Final Account of Non-Manufacturing Company
In this chapter I will discuss the final account of non-manufacturing company under the following head. 14.01 Why Adjustments are made in Final Accounts14.02 Adjustments in the Final Accounts Closing Stock ::: Outstanding Expenses Prepaid or Unexpired Expenses ::: Accrued or Outstanding Income Unearned Income or Income Received in Advance ::: Depreciation Bad Debts ::: […]
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Final Account – Manufacturing Company
Financial Statements comprise of the following financial statements:(i) Manufacturing Account for manufacturing enterprises,(ii) Trading and Profit and Loss Account and(iii) Balance Sheet. In this chapter I will discuss the final account of the manufacturing company under the following head. 13.01 Manufacturing Account13.02 Trading A/c13.03 Profit and Loss A/c13.04 Operating Profit and Net Profit13.05 Balance Sheet […]