1 / 6

Final Accounts of Companies

Final Accounts of Companies. Acc to the sec 210 of companies act, “It is mandatory for the companies to prepare their Final accounts every year.”. Basic Financial Statements. Profit and Loss Account Balance Sheet. Difference between Profit and loss A/c and Profit and loss app A/c. Items

latif
Download Presentation

Final Accounts of Companies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Final Accounts of Companies Acc to the sec 210 of companies act, “It is mandatory for the companies to prepare their Final accounts every year.”

  2. Basic Financial Statements • Profit and Loss Account • Balance Sheet

  3. Difference between Profit and loss A/c and Profit and loss app A/c • Items • Results • Closing • Preparation • Balance

  4. Adjustments for the preparation of final Accounts • Interest on debentures • Discount on issue of debentures • Doubtful Debts • Proposed Dividend

  5. Special Items related to Trial Balance • Depreciation • Outstanding Expenses • Pre Paid Expenses • Closing Stock • Advance Payment of tax • Share Transfer fees • Income Tax • Dividend to shareholders

  6. Interim Dividend • Unclaimed dividend • Dividend received • Calls in arrear • Calls in Advance • Forfeited Share Account • Securities Premium Account

More Related