The preparation of Final accounts the business firm involves two different stages viz Preparation of Accounting and Positional Statements of the enterprise. The preparation of Accounting statements involve two different categories viz Trading account and Profit & Loss account.
The preparation of the positional statement involves only one statement viz Balance sheet. In this chapter the accounting statements as well as Balance sheet will be elaborately discussed to the tune of adjustments. First the trading account contents and format are discussed to determine the Profit and Loss under the trading account of the business firm, i.e. Gross profit.
Second part of this section deals with the preparation of Profit & Loss account in order to determine the operating profit & loss of the enterprise.
Third part of the section involves in the preparation of financial position of the enterprise in terms of Liabilities and Assets.
Accounts and Finance for Managers Related Tutorials
Accounts And Finance For Managers Tutorial
Financial Statement Analysis
Fund Flow Statement Analysis
Cash Flow Statement Analysis
Cost Accounting & Preparation Of Cost Statement
Time Value Of Money
Sources Of Long Term Finance
Capital Market Developments In India
Indian Financial System
Sebi In Capital Market Issues
Risk And Return
Cost Of Capital
Capital Structure Theories
Working Capital Management
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