UNIT‐IV

Outstanding expenses and income

Outstanding expenses and income- Outstanding expenses and outstanding income are financial concepts that relate to transactions that have occurred but have not yet been recorded in a company's financial statements.…

Continue ReadingOutstanding expenses and income

Final Accounts(Trading profit and loss A/C and balance sheet) with adjustments

Final Accounts(Trading profit and loss A/C and balance sheet) with adjustments- Creating final accounts, including the Trading Profit and Loss Account and Balance Sheet, involves summarizing a company's financial transactions…

Continue ReadingFinal Accounts(Trading profit and loss A/C and balance sheet) with adjustments