Question

Conclusion of final account

Answer 1

Final accounts''' give an idea about the profit (accounting)ability and financial position of a [[business]] to its management, owners, and other interested parties.

Answer 2

Hi friend,

Conclusion for Final Account :-

The term 'Final accounts includes the Trading account , the profit & loss account and the Balance sheet. The preparation of Final Account is the last stage of the accounting cycle. It determines the financial position of the business .

Final Accounts is an essential practice for every enterprise to know the actual performance of the business or organisation. All mature organisation should necessary prepare final account of the organisation for the effectiveness of the business...i hope it helps you


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