Accountancy, asked by nithishasrinithishas, 4 months ago

what do u meant by the close of financial year audit?

Answers

Answered by mauryavijay8088
2

Explanation:

The fiscal year-end close process is required to prepare the general ledger accounts for financial statement presentation and for the start of the next accounting process. The process continues until the financial statement audit and various reporting to the Office of the President are complete

Answered by nevermind03
0

Explanation:

The fiscal year-end close process is required to prepare the general ledger accounts for financial statement presentation and for the start of the next accounting process. The closing process consists of steps to transfer income statement accounts to balance sheet accounts.

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