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  • How To Prepare Final Accounts 1

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    kanika
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    Financial statements include an income statement, balance sheet, and cash flow statement. Manufacturing companies and sole proprietorships prepare income statements, balance sheets, and additional accounts like manufacturing or trading accounts. Partnerships prepare income statements, appropriation accounts, and balance sheets. Public companies prepare income statements, appropriation accounts, and balance sheets, with all financial statements including adjustments in the final accounts.

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    Accountancy final accounts

    Original Title

    How to prepare Final Accounts 1

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    Financial statements include an income statement, balance sheet, and cash flow statement. Manufacturing companies and sole proprietorships prepare income statements, balance sheets, and additional accounts like manufacturing or trading accounts. Partnerships prepare income statements, appropriation accounts, and balance sheets. Public companies prepare income statements, appropriation accounts, and balance sheets, with all financial statements including adjustments in the final accounts.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views43 pages

    How To Prepare Final Accounts 1

    Uploaded by

    kanika
    Financial statements include an income statement, balance sheet, and cash flow statement. Manufacturing companies and sole proprietorships prepare income statements, balance sheets, and additional accounts like manufacturing or trading accounts. Partnerships prepare income statements, appropriation accounts, and balance sheets. Public companies prepare income statements, appropriation accounts, and balance sheets, with all financial statements including adjustments in the final accounts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 43

    FINANCIAL STATEMENTS

    Mainly:
    INCOME STATEMENT
    BALANCE SHEET
    CASH FLOW STATEMENT
    FINAL ACCOUNTS
    • Manufacturing companies prepare-manufacturing account, trading
    and profit and loss account, and balance sheet
    • Sole trading business enterprises prepare-Trading( or manufacturing
    and trading) account, Profit& Loss Account and Balance Sheet
    • Partnership firms prepare-Trading and Profit & Loss Account, Profit&
    Loss Appropriation Account and Balance Sheet
    • Companies- company’s final accounts include Trading and Profit& Loss
    account(Income statement),Profit & Loss Appropriation Account and
    Balance Sheet
    Final accounts-accounting treatment for
    adjustments

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