Question

state what is end product of accounting?​

Answer 1

Answer:

The end product of financial accounting is the trading account, profit and loss account, and the balance sheet.

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Answer 2

The end product of financial accounting is the trading account, profit and loss account, and the balance sheet. We now come to the end-products or final outputs of the accounting process and the accounting cycle: the financial statements. There are five financial statements that are prepared, and will make up the financial reports of the company. Statement of Financial Position (Balance Sheet).