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Q: What are the distinct stages in final accounts?
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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.


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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.


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while preparing final accounts, accounts should show accruals and prepayments.the net amount for the financial year should be shown in the final accounts


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Trial balance