Accountancy, asked by smithaathletics, 5 months ago

what are the different stages in final accounts

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Answered by Anonymous

34

Answer:

ɪᴛ ᴅᴇᴛᴇʀᴍɪɴᴇꜱ ᴛʜᴇ ꜰɪɴᴀɴᴄɪᴀʟ ᴘᴏꜱɪᴛɪᴏɴ ᴏꜰ ᴛʜᴇ ʙᴜꜱɪɴᴇꜱꜱ. ᴜɴᴅᴇʀ ᴛʜɪꜱ, ɪᴛ ɪꜱ ᴄᴏᴍᴘᴜʟꜱᴏʀʏ ᴛᴏ ᴍᴀᴋᴇ ᴀ ᴛʀᴀᴅɪɴɢ ᴀᴄᴄᴏᴜɴᴛ, ᴛʜᴇ ᴘʀᴏꜰɪᴛ ᴀɴᴅ ʟᴏꜱꜱ ᴀᴄᴄᴏᴜɴᴛ, ᴀɴᴅ ʙᴀʟᴀɴᴄᴇ ꜱʜᴇᴇᴛ. ᴛʜᴇ ᴛᴇʀᴍ "ꜰɪɴᴀʟ ᴀᴄᴄᴏᴜɴᴛꜱ" ɪɴᴄʟᴜᴅᴇꜱ ᴛʜᴇ ᴛʀᴀᴅɪɴɢ ᴀᴄᴄᴏᴜɴᴛ, ᴛʜᴇ ᴘʀᴏꜰɪᴛ ᴀɴᴅ ʟᴏꜱꜱ ᴀᴄᴄᴏᴜɴᴛ, ᴀɴᴅ ᴛʜᴇ ʙᴀʟᴀɴᴄᴇ ꜱʜᴇᴇᴛ.

Explanation:

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