Accountancy, asked by chirag50651, 11 months ago

Need and importance of partnership final accounts in points form

Answers

Answered by ghagnimish6

2

Explanation: 1. Final Account is made to see a Company's assets and liabilties till the end of the year

2. Final Account also tells how much capital is invested by a partner.

3. It tells how much profit or loss a company is bearing at the end of the financial year.

Previous Question

Next Question

Similar questions

World Languages, 6 months ago

I have seas without water. I have houses without bricks. I have forests without wood. I have deserts without sand. who am I ? plz ! solve this riddle answer should be correct I don't know answer .

Physics, 6 months ago

please solve this problem immediately please...

Physics, 6 months ago

define rest and motion and give example of each .

English, 11 months ago

Ramesh threw the ball change the voice...

Science, 11 months ago

preventive measure of acidrain...

Biology, 1 year ago

The phenomenon of commensalism refers to a relationship between organisms in which A.one species of a pair benefits B. both the species of a pair benefit C. one species of a pair is more benefited D. none of the above...

Biology, 1 year ago

An example of a symbiotic nitrogen fixer is A.Azotobacter B. Beijerinckia C. Clostridium D. Rhizobium...

Biology, 1 year ago

__________ play a key role in the transformation of rock to soil. A.Cyanobacteia B. Pectin decomposing bacteria C. Nitrifying bacteria D. De-nitrifying bacteria...