Hi...

... this is a basic question of accounting but I have to prepare this question as assignment.. so I need the best answer of this topic..

Please guide me... sa soon as possible..

Thanking you,
ZAID

Quote:

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Originally Posted by zaid_mohd87

hi.......

.........this is a basic question of accounting but i have to prepare this question as assignment..so i need the best answer of this topic..

please guide me...sa soon as possible..

thanking you,
ZAID

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I also want the ans 4 this que

The fainancial statements that come from an adjusted trial balance are:
1. Income Statement (Nominal Accounts)
And
2. Balance Sheet. (Permenant Accounts)
The Information on these to statements come directly from the Adjusted Trial Balance.

The Diffence of revenues and expenses is Net Income which is Retained Earnings that transfers to the Balance Sheet.