final account based on which account
Answers
Answered by
0
Answer:
Under this it is compulsory to make trading account, the profit and loss account and balance sheet. The term "final accounts" includes the trading account, the profit and loss account, and the balance sheet.
Answered by
0
Answer:
It determines the financial position of the business. Under this it is compulsory to make trading account, the profit and loss account and balance sheet. The term "final accounts" includes the trading account, the profit and loss account, and the balance sheet.
Similar questions