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Finalization of Accounts:
It is the accounts of Finanical Statement / Balance Sheet, Income / Earning statement / Profit & Loss A/c & All Ledgers which is finally accounted in Trial Balance for the company.
Wiki User
∙ 11y ago
Wiki User
∙ 14y agoThrough Financial Statements like Trading Account, Profit And Loss Account and Balance Sheet!!!!!!!!
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What accounts will not be closed to the Capital account at the end of the fiscal year?
All income and expenditure accounts are closed at Year End. and the balance is is shown on the Balance Sheet at Year end.
What is the role of finalise in java?
whenever you use finalise method before object is deleted then garbage collector calls only one for finalise method.
Are payable accounts closed to net assets at the year end?
Yes.
On the balance sheet the amount shown for the Allowance for Doubtful Accounts is equal to the?
total estimated uncollectible accounts as of the end of the year
Which of the following accounts are temporary accounts that must be closed at the end of the year?
Assets, liabilities and capital Revenues, expenses and withdrawals
Why is there a need to close of the temporary accounts at the end of the year?
for how thhe covid-19
How do you finalize a CD-rw?
You don't finalise a CD-RW, it creates its end point every time data on it is modified.
Does accounts receivable close at the end of the year?
No. Accounts receivable is the total amount people owe your business, a debtor and should be kept on your balance sheet.
What accounts are closed to income summary at the end of the fiscal year?
All Sales and Expense accounts are closed and the balancing figure is shown on the Balance Sheet.
Why you need audit?
it verifies the accounts at the end of a financial year, conducted by an independent qualified accountant
Why need auditing?
it verifies the accounts at the end of a financial year, conducted by an independent qualified accountant
Which of the following accounts will be closed to the retained earnings account at the end of the fiscal year?
Income Summary
