Question

State what is the end product of financial accounting

Answer 1

The End Products includes Balance Sheet, Profit & Loss Account, Cash Flow Statement, Fund Flow Statements, Trading Account etc.

Answer 2

The End part of Financial accounting is called as Financial Reporting..

Financial Reporting includes preparation of Financial Statements..

Financial Statements include

1) Balance sheet

2) Trading and Profit and Loss account

3)Cash Flow Statement , Funds Flow Statement

4) Statement of changes in equity

5)Notes to Statements