Question

how much marks do we get if we do the posting & adjustments in final account​

Answer 1

Answer:

I think only 3 marks will deduct from that question

Answer 2

Answer:

The posting & adjustments in final account​

Trading and Profit and Loss Account

Balance Sheet

Profit and Loss Appropriation account

Explanation:

The following goals are used for creating final accounts:

to ascertain a company's profit or loss for a specific financial period

to ascertain the company's financial situation

to serve as a source of information to inform the stakeholders of the firm (owners, creditors, investors, etc.) on the company's solvency.

The accounts that a joint stock firm prepares at the conclusion of a fiscal year are known as final accounts.

The goal of preparing final accounts is to give management, owners, or any other users of this accounting information a clear picture of the organization's financial situation.

To learn more about final account​ visit

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