Accountancy, asked by lasaashika618, 5 months ago

description of final account

Answers

Answered by rashmikanishkaguru

0

Explanation:

Final accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal.The term "final accounts" includes the trading account, the profit and loss account, and the balance sheet.

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