Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

How to prepare final accounts for the first time?

user-image
Question added by Muhammad Yousaf , Assistant Manager Accounts , Indus Home Limited
Date Posted: 2013/11/27
Hassam Zahid ACCA
by Hassam Zahid ACCA , Senior Accountant , Bin Hendi Enterprises

First of all you must have understanding of heads of account, like in current assets ,sub heads are receivables,cash and bank balances,stocks etc.Then you must be sure of considering the impacts of some specfic treatments like adjustments of closing stock in calculating the cost of goods sold.....

 

and keep the eye on trail consider the impact of receivables with credit balance, happen some times

and try to club these type of attachements carefully.

More Questions Like This