Archive | Final Accounts

Company Final Accounts: Problems and Solutions | Accounting

Here is a compilation of top seven accounting problems on company final accounts with its relevant solutions. Problem 1: The Alfa manufacturing Company Limited was registered with a nominal capital of Rs 6, 00,000 in Equity Shares of Rs 10 each. The following is the list of balances extracted from its books on 31st December, […]

Final Accounts of General Insurance Companies | Accounting

In this article we will discuss about the final accounts of general insurance companies, explained with the help an illustration. General insurance business means business other than life insurance business. General insurance companies operating in India were nationalised on 13th May, 1971 by the Ordinance of the President of India. The accounts of the General […]

Final Accounts of LIC (With Format) | Accounting

This article provides a format of final accounts of LIC.  A life insurance company shall prepare the Revenue Account [Policyholders’ Account], Profit and Loss Account [Shareholders’ Account] and the Balance Sheet in Form A-RA, Form A- PL and Form A-BS, as prescribed in this Part, or as near thereto as the circumstances permit. Provided that […]

shopify traffic stats