Accountancy, asked by maharajan094, 7 months ago

what is the need for preparing final account

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Answered by anjukumari55295

1

Answer:

These final tallies are prepared for a specific period. The preparation of a final accounting is the last stage of the accounting cycle. It determines the financial position of the business. Under this, it is compulsory to make a trading account, the profit and loss account, and balance sheet.

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Answered by Cutiee00

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