Question

explain about company accounts
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Answer 1

Answer:

Annual company accounts are a summary of the organisation's financial transactions, which are usually in a set 12 month period.

There are three key financial statements within your company accounts.

These consist of the Balance Sheet, the Profit and Loss Statement and the Cash Flow Statement.

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Answer 2

Answer:

A set of financial records that a company must produce at the end of a business year in which details of the company's profits and losses are shown :There is a penalty for late filing of company accounts .(Definition of company accounts from the Cambridge business in English dictionary Cambridge university press).