Ask Experts Questions for FREE Help !
Ask
    JAFFER ARAB's Avatar
    JAFFER ARAB Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Feb 4, 2009, 10:20 PM
    Adjusting balance sheet and p and l
    How to prepare the adjusted balance sheet, profit and loss accounts
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Feb 5, 2009, 12:59 PM

    From your trial balance post your adjusting entries, then prepare your adjusted trial balance.

    Next transfer your revenues and Espense accounts to your Income staement, and your balance sheet accounts to your balance sheet.

    It is best if use a worksheet in Excel or 10-column paper for this.
    JAFFER ARAB's Avatar
    JAFFER ARAB Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Feb 6, 2009, 09:01 PM
    I got the answer but I need real example with fugures how to prepare the adjusted balance sheet and p and l account
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #4

    Feb 11, 2009, 05:30 PM

    Look at one of my previous posts. I have a sample of a worksheet that shows how to get the information you need to do a Balance sheet and an Income Statement.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Creating balance sheet from trial balance [ 10 Answers ]

I am having issues getting a balance sheet to come out right from the given data from a trial balance. Can anyone help me out with this? I have included a picture of what I am working on...

Making a balance sheet from a trial balance. [ 1 Answers ]

I have come up with the attached balance sheet so far from the trial balance, but as it can obviously be seen it does not balance. I'm not sure where to go from here or where I made a mistake. Any help would be greatly appreciated, thanks in advance.

Adjusting journal entries from adjusting column of work sheet [ 2 Answers ]

How can I prepare necessary adjusting journal entries (a) through (e) by using the following information from the Adjustments columns of a 10-column work sheet. Interest recievable (d)$880 Office supplies ...

Trial Balance and Balance Sheet of an airline company [ 1 Answers ]

I would like to get the idea about the trial balance andbalance sheet of an airline company. Can any one help me with that? Thanks, Shanthi

If T-Accounts Balance does this mean balance sheet & P&L work correctly? [ 1 Answers ]

Hi, Just wondering been having some problems with my Balance Sheet balancing, I was wondering if the Trial Balance balances, does that mean that the balance sheet will balance? (given that I do everything correctly? ) Also just a quick question while I'm asking, regarding depreciation in...

View more questions Search