1. Final Accounts of Companies
Acc to the sec 210 of companies act, “It is mandatory for the companies to prepare their Final accounts every year.”

2. Basic Financial Statements
Profit and Loss Account
Balance Sheet

3. Difference between Profit and loss A/c and Profit and loss app A/c
Items
Results
Closing
Preparation
Balance

4. Adjustments for the preparation of final Accounts
Interest on debentures
Discount on issue of debentures
Doubtful Debts
Proposed Dividend

5. Special Items related to Trial Balance
Depreciation
Outstanding Expenses
Pre Paid Expenses
Closing Stock
Advance Payment of tax
Share Transfer fees
Income Tax
Dividend to shareholders

6. Interim Dividend
Unclaimed dividend
Dividend received
Calls in arrear
Calls in Advance
Forfeited Share Account
Securities Premium Account