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What are characteristics of final account?
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.
What is matching concept?
while preparing final accounts, accounts should show accruals and prepayments.the net amount for the financial year should be shown in the final accounts
What is the proforma for final accounts?
Trial balance
How do you treat interest on debentures in final accounts?
is it a liability
Is trial balance prepared before preparation of final accounts?
yes
What are the characteristics of final accounts?
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.
What are characteristics of final account?
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.
What is matching concept?
while preparing final accounts, accounts should show accruals and prepayments.the net amount for the financial year should be shown in the final accounts
What is the proforma for final accounts?
Trial balance
What are the duties of the final accounts department in an organisation?
The finance department of a company is responsible for preparing final accounts. The prepare the Balance Sheets and the profit and loss account.
How do you treat debenture interest in final accounts?
is it a liability
How do you treat interest on debentures in final accounts?
is it a liability
What is preliminary expenses in final accounts?
It is deffered cost
What is the explanation for the liquidator's final statement of accounts?
The liquidator's final statement of account is the account of winding up.
In which video game is Rikku a character?
The character Rikku is a character that appears in the video game series Final Fantasy. Rikku appears as one of the playable characters in Final Fantasy X and Final Fantasy X-2.
Final accounts of a farmer can be prepared under?
single entry method
Is trial balance prepared before preparation of final accounts?
yes
