Please do the need full

This query is : Resolved

Mihir Gohil (Querist)
Follow

29 August 2011 Dear Sir,

I am working in pvt limited company, i want to know the require entry for finalization of account please.

What kind of precaution take in to the finalize the accounts

VISHRUT

VISHRUT (Expert)
Follow

29 August 2011 For the purpose of finalisation of account you need to pass following entries.

1. Provision entries( For recurring Exps.)

2. Prepaid entries ( For Exps./ Income spread in more than 1 a/cing year)

3. Closing entries ( for closing Stock , depreciation etc. )

4. Statutory entries. ( Tax Provisions etc.)