importance and purpose of final account
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· Final accounts are those accounts that are prepared at the final stage of an accounting period. These accounts show the financial position of a business and in addition to that also help in determining the profitability of the business. Trial balance is used to prepare the final accounts of an organisation.
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Final accounts are those accounts that are prepared at the final stage of an accounting period. These accounts show the financial position of a business and in addition to that also help in determining the profitability of the business. Trial balance is used to prepare the final accounts of an organisation.
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