UrbanPro
Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take BCom Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

BCom Tuition > Learn BCom Tuition > What are the entries to be passed for Preparing final...
✕

Search in

What are the entries to be passed for Preparing final accounts?

Asked by Last Modified  

3 Answers

Learn BCom Tuition

Follow 0
Answer

Please enter your answer

Tutor

For preparing final accounts i.e.closing of books the following entries need to be passed: Provision for outstanding expenses/income, Prepaid expenses/income, Provision of taxes, calculation of depreciation as per Companies Act, Provision of doubtful debts,if any, Provision of contingencies, (remuneration...
read more
For preparing final accounts i.e.closing of books the following entries need to be passed: Provision for outstanding expenses/income, Prepaid expenses/income, Provision of taxes, calculation of depreciation as per Companies Act, Provision of doubtful debts,if any, Provision of contingencies, (remuneration to partners, interest on drawings/capital if it is a partnership firm). read less
Comments
Dislike Bookmark

MBA(Finance)

Final a/c have basic three a/c trading,p&l and balance sheet. First u need to prepare trading a/c by which gross profit or gross loss will be calculated. After that u have to prepare p&l a/c by which net profit or net loss calculated. Last u have to prepared balance sheet of the company.
Comments
Dislike Bookmark

M com

all entries pertaining to current financial year which are not in trial balance and given in adjustments.
Comments
Dislike Bookmark

View 1 more Answers

Related Questions

what do you mean by accounts
Accounting is the recording of financial transactions of a business or organization. It also includes the process of summarizing, analysing and reporting these transactions in financial statements.
Aravindan
How to be fast in Accounting?
Accounting as a practical subject is very scoring, time management is also very important in accounts, as practice make man perfect, the the more you practice the practical question the more you get fast...
Aditya
What is revenue expenditure?
Revenue expenditures are small expenditures which are related to day to day business that could be incurred direct or indirect to earn revenue. Hence, they are always shown in profit and loss account unlike...
Muskaan
0 0
7
Will bcom suit someone who has done science till 12th grade?
No.
Sandeep
0 0
8
Who is a stock holder?
The Investor who purchases stock/shares/scripts of an organization is called as a stock holder. The stock holder also becomes the owner of the organization.
Atharva
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

What is Co- Branding?
Co branding is the utilization of two or more brands to name a new product. The ingredient brands help each other to achieve their aims. The overall synchronization between the brand pair and the new product...
K

Kousiki Chakraborty

1 0
0
With effective from 1st April, 2017, no person shall receive an amount ofRs 2 Lakh or more; (A) in aggregate from a person in a day (or) (B)
With effective from 1st April, 2017, no person shall receive an amount ofRs 2 Lakh or more; (A) in aggregate from a person in a day (or)(B) in respect of a single transaction (or)(C) in respect of transactions...
F

FR Prashanth Reddy

9 0
0
GST Update: Impact Of GST On Restaurant Business.
GST is almost ready to be rolled out. Both the producers and consumers start comparing the impact of the propsed taxation system with that of the existing one. In this article we are trying to compare...

Vertex Commerce Coaching Centre

0 0
0
Proposed 18% GST Rate To Not Impact Home Prices.
While a final decision on the rates is yet to be taken, the rating agency said the final rates to be notified would be the key determinant of the impact of GST on the sector New Delhi: The proposed...
F

FR Prashanth Reddy

IFRS 16 Leases Simplified
Lease Definition Lease is defined as a contract that conveys to the customer (‘lessee’) the right to use an asset for a stipulated period of time in exchange for consideration. Disclosure...

Deepti Arora

0 0
0

Recommended Articles

Top Benefits of e-Learning

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

5 Engaging Activities For Children To Get...

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

Science, Arts Or Commerce - Which One To Go For?

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

6 Exam Hall Tips To Follow, For Every Good Student

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

Find BCom Tuition near you
BCom Tuition in Delhi
BCom Tuition in Mumbai
BCom Tuition in Bangalore
BCom Tuition in Hyderabad
BCom Tuition in Chennai
BCom Tuition in Kolkata
BCom Tuition in Pune
BCom Tuition in Gurgaon
BCom Tuition in Jaipur
BCom Tuition in Ahmedabad

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for BCom Tuition Classes?

The best tutors for BCom Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take BCom Tuition with the Best Tutors

The best Tutors for BCom Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2024All Rights Reserved