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The most crucial function of financial accounting is to ascertain the financial position of the business and the profitability of the business. The trading and profit and loss account show the net profit and net loss of the business, while the balance sheet shows the financial position of the business. Finalization of the accounts means the preparation of the profitability statement and the positional statement of the business. Hence, accounts that are required to be prepared are as follows: -Trading Account -Profit and Loss Account -Balance Sheet In this session we have discuss complete live Account finalization in Tally and prepare financial statements as per format issued by ICAI. Please Note formats, Notes are part of course only. For latest update join our telegram channel - https://t.me/fintaxpro 👨🏻🎓Enhance and upgrade your practical skills with our practical courses- 👉🏻ITR, GST & TDS (Combo Course) - https://fintaxpro.in/Combo 👉🏻Account Finalization - https://fintaxpro.in/Accounting 👉🏻Trademark e Filing Course - https://fintaxpro.in/TM 👉🏻Taxation for Share Market - https://fintaxpro.in/share 👉🏻GST Course - https://fintaxpro.in/GST 👉🏻ITR & TDS Course - https://fintaxpro.in/ITR 👉🏻Excel Course - https://fintaxpro.in/Excel 👉🏻Taxation for Online Sellers - https://fintaxpro.in/online 📞For course query please call @ 8368741773 Services we offer 👉GST Registration, Returns & Compliance 👉ITR Return, Compliance & Notices 👉Company/ LLP Incorporation 👉ROC Compliance 👉Buy Class 3 DSC - https://imjo.in/tFcdAZ 👉Trademark Registration - https://imjo.in/yZaxJ2 👉Trademark Reply 👉Auditing & Compliance 👉IEC Code 👉Payroll Compliance 👉ISO Certification 👉Project Reporting 👉Financial Modeling 📞For services please call @ 9718097735 FinTaxPro Website - https://fintaxpro.in/ FinTaxPro Mobile App - https://bit.ly/33lLehP FinTaxPro Social Handles- https://linktr.ee/fintaxpro For collaboration & sponsorship write us at [email protected] Cheers Folks Thanks for Watching :) Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos. Data Privacy Policy - In course of preparing video we have to show Name, Mobile, email and other personal details. It is hereby clarified that all due permission have been taken before publishing video on any social media platform. The objective behind the video is to educate the public at large and shall not be treated as violation of any YouTube community guidelines. For more concerns related to data privacy write us at [email protected] ©️Fintaxpro Advisory LLP This session will guide you in below topics account final tally account final tally data entry account final tally download account final tally details account final tally full Stepwise Account Finalization account final tally gst account final tally journal entry account final tally live account final tally of voucher account final tally prime account final tally video account final tally work account final tally youtube Stepwise Account Finalization करना सीखें Account Adjustment Entry account final tally 2022 account final tally account final tally about gst account final tally without pan card Stepwise Account Finalization करना सीखें with Adjustment Entry account final tally without gst Video Chapter 0:00 Intro to Account finalisation 1:17 Sale Reconciliation in Acc finalisation 8:46 Check Purchase Entries 9:49 Closing Stock Adjustment 11:30 Direct Expense Booking 13:15 Gross Profit Ratio Analysis in Acc Finalisation 16:16 Indirect Income & Other Receipts 19:09 Depreciation Calculation in Acc Finalization 22:00 Deferred Tax Calculation 22:20 Provision for Income Tax 22:58 Net Profit Ratio Analysis in Acc Finalization 25:29 How to clear Suspense Entry in books 25:56 How to match bank balance with books 27:15 Opening balance difference adjustment in books 29:26 Ledger Scrutiny in books 33:30 Trail Balance Analysis 35:26 Trail Balance to Financial Statement 35:52 Preparing Notes to Account 36:08 Capital Account Entry 37:12 Current Liability Adjustment in Books 40:39 Fixed Asset Entry 41:28 Fixed Asset & Depreciation Adjustment 43:45 Current Asset Adjustment 47:52 Other Expenses Notes 54:10 Transferring Provision of Income Tax 54:56 Booking Employee Benefit Expense 56:03 Preparing Final PnL Account 56:34 Transferring Profit to Balance Sheet 57:20 Matching Books with final statement 57:56 Final Financial Statement 1:01:02 Outro