define accounting. state what is end product of financial accounting.
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Accounting is the art of recording, classifying, summarising and communicating financialinformation to users for correct decision making. ...State what is end product of financial accounting? Answer. The end product of financial accounting are Tradingaccount, Profit and lossaccount and Balance sheet.
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Balance Sheet− It depicts the true financial positions of a business that provides required information like assets and liabilities of a business firm, to the users of accounting information like owners, creditors, investors, government, customers, shareholders etc
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