Question

anyone can define final account of partnership firm???????​

Answer 1

hi mate here IS ur answer

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Final accounts of a partnership firm are similar to that of a sole trader. Only difference is that the profit is distributed among the partners whereas in a sole proprietorship it is added to the proprietor's capital. ... Finally, a balance sheet is prepared to reflect the position as at period end.

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hope IT IS helpfull

Answer 2

Answer:

In final accounts partnership means when two or more persons come together to start business . They share there profit or loss as per mentioned in there agreement.

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