Final Accounts

Final Accounts

• Trading Account
• Profit and Loss Account
• Balance Sheet
• Difference between Trial Balance and Balance Sheet

Final Account Adjustments

• Closing Stock
• Accrued expenses
• Prepaid expenses
• Depreciation
• Accrued income
• Unearned revenue
• Interest on Capital
• Interest on drawings
• Interest on loan
• Writing of Bad Debts
• Provisions for Doubtful Debts
• Provision for discounts on debtors
• Provision for discount on creditors