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what is final account? why is it prepare? Related: Chapter Notes - Fi...
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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what is final account? why is it prepare? Related: Chapter Notes - Fi...
The account which gives the details of a financial conditions of a business and it is prepared to manage it .
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what is final account? why is it prepare? Related: Chapter Notes - Financial Statements of Sole Proprietorship Part -1 - Accountancy, Class 11
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