Question

state what is the end product of financial accounting

Answer 1

Balance Sheet− It depicts the true financial positions of a business that provides required information like assets and liabilities of a business firm, to the users of accounting information like owners, creditors, investors, government, customers, shareholders etc.

Answer 2

Hey There !

# End product of financial accounting are trading and Profit & loss account and balance sheet .

* Trading and profit and loss account are used to ascertain net or gross profit and loss .

* Balance sheet shows the financial condition of the business at the end of accounting year .

Thanks .