Question

The company’s final accounts are prepared in _____ form.

Answer 1

Answer:

company balance sheet is formed in VERTICAL FORM

According to AS3

Answer 2

The company’s final accounts are prepared in VERTICLE form.

• Last records give a thought regarding the benefit and monetary place of a business to its executives, proprietors, and other invested individuals. All deals are first recorded in a diary. They are then moved to a record and adjusted.
• These last counts are ready for a particular period. The planning of the last bookkeeping is the last phase of the bookkeeping cycle. It decides the monetary place of the business.
• Under this, it is necessary to make an exchanging account, the benefit and misfortune record, and the asset report.

• The expression "last records" incorporates the exchanging account, the benefit and misfortune account, and the asset report.