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But at the time of submitting their accounts to the Central Government they have to follow the prescribed format framed by the Indian Electricity Rules 1965.
Company final accounts format. Download from above link. Profit and Loss Account Format. The vertical format however is more common nowadays and is used as the standard format in this book.
I Stock will have a debit balance. Profit and Loss Account Format. Distinction in Capital Expenditures and Revenue Expenditure.
Sanjay Gupta Expert Follow. Let us study company accounts and their format. Under Section 209 it requires that every company to keep proper books of accounts at its registered office.
Holding and subsidiary companies accounting treatment and disclosures. I hope you like this Meaning and Format of Final Statements post. The final account of every company comprises the journal entries necessary to complete the accounting books for that specific financial year.
10000 to Reserve Fund. Final Accounts include thepreparation of 1 Trading2 Profit Loss account3 Balance Sheetas these three statements are prepared to givethe final results of the business all these arecollectively called as final accounts. Ii Closing stock will be shown on the credit side of the Trading Account.
Final accounts can be presented in a vertical format or a horizontal format. Click on the below link and Enjoy all the Amazing lecture All problem is from CA Inter Study Material Past Paper RTP and Additional Tough Illustration. Here we have to account for the different ownership structure shares debentures.
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