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The debts are treated as expenses in the profit and loss account, being entered on the debit side of the income statement coloums.
Final accounts are closed accounts at the end of a period in accounting. Final accounts cannot be changed and represent the transactions in an accounting period.
while preparing final accounts, accounts should show accruals and prepayments.the net amount for the financial year should be shown in the final accounts
Trial balance
i don't no. please give answer.
The debts are treated as expenses in the profit and loss account, being entered on the debit side of the income statement coloums.
Final accounts are closed accounts at the end of a period in accounting. Final accounts cannot be changed and represent the transactions in an accounting period.
Final accounts are closed accounts at the end of a period in accounting. Final accounts cannot be changed and represent the transactions in an accounting period.
Children were treated good in the final solution
while preparing final accounts, accounts should show accruals and prepayments.the net amount for the financial year should be shown in the final accounts
Trial balance
The finance department of a company is responsible for preparing final accounts. The prepare the Balance Sheets and the profit and loss account.
is it a liability
is it a liability
It is deffered cost
Asset side