Final Accounts prepared under Double Account System consist of:- 1. Capital Account, i.e. Receipts and Expenditure on Capital A/c 2. General Balance Sheet 3. Revenue Account 4. Net Revenue Account. The Balance Sheet, in case of Double Account System, is split into two parts: (1) Capital Account, i.e., Receipts and Expenditure on Capital Account and (2) General Balance Sheet. (1) [...]
Are you looking for problems and solutions of final accounts of the companies? You are at the right place! In this article we have compiled top five accounting problems on final accounts of the companies with its relevant solutions. Contents: Preparation of Profit and Loss Account, Profit and Loss Appropriation Account and Balance Sheet of a Company Preparation of Balance [...]
Are you looking for problems and solutions of final accounts of the companies? You are at the right place! In this article we have compiled top five accounting problems on final accounts of the companies with its relevant solutions. Contents: Final Accounts Including the Computation of Depreciation, Managing Director’s Remuneration and Provision for Taxation Final Accounts Including the Preparation of [...]