Preparation of Final Accounts | India | Accounting

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) [...]