what is the final account of partner ship
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Partnership final accounts are prepared in a similar way as sole proprietorship accounts. They include Trading A/c, Profit & Loss A/c and the Balance Sheet. Final accounts are prepared for the following purpose:- i. To find out the gross profit or loss for the period ii.
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partnership final account are prepared in a similar way as sole proprietorship account. they include trading account, profit and loss account and the balance sheet.
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