Finalization of Accounts

This query is : Resolved 

17 November 2008 What is finalization of accounts ? What are the broad steps involced in the process of finalization of accounts?

17 November 2008 Finalization of accounts means preparing notes to accounts, finalizing profit/loss & balance sheet...

18 November 2008 Finalisation of accounts is the proocess of preparing of Final Accounts as on a cut off date and involves the compliance to various accounting policies and standards and notes to accounts etc.




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