Accountancy, asked by anshi55, 1 year ago

Meaning of final accounts and what are its constituents name and explain them​


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Answers

Answered by akku833
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Final accounts gives an idea about the profitabilitty 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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