Hi

Please let me know the closing entries towards the finalization of balance sheet for financial year.

Closing entries for finalization of balance sheet

Here's some info on it. The examples shows all the closing entries, so if there's something you don't understand you need to ask a more specific question:
http://www.principlesofaccounting.com/chapter%204.htm#The%20accounting%20cycle%20and%20c losing%20process