Accountancy, asked by mallinathshirapnale, 8 months ago

What is final Account's

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Answered by piyushsharma82paxg79

8

Answer:

Final accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period.

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Answered by mousamilick

1

See the answer in the picture

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