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How to prepare financial statment

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How to prepare financial statment

Posted by Akshita Thapa 6 years ago

CBSE > Class 11 > Accountancy

1 answers

Muskan Jindal 6 years ago

For preparing financial statement we first need trail balance. Then make income statement that contains trading and profit and loss account. Its format is just like ledger but without date column as we are preparing at the end of financial year.in this all nomial accounts will be recorded . After this balance sheet has to be made containing all real and personal accounts.

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