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 statements are trading account,profit and loss account,balance sheet.
account
assets
Final accounts are the accounts prepared at the final stage to judge the financial position of the business.It consist of Trading and profit and loss account and Balance sheet.It provide necessary information to various interested groups- share holder, investors, creditors..It also known as financial statement.-------by, bhavinpv@gmail.com
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The liquidator's final account shows the succession's net assets or deficit.
The liquidator's final statement of account is the account of winding up.
final statements are trading account,profit and loss account,balance sheet.
Yes. The final account must be filed and allowed by the court in order to close the estate. An executor who refuses to file a final account should be reported to the court. The judge can compel the executor to file the final account so the court, and the heirs, can review the disposition of the estate by comparing it to the inventory and the distribution to heirs.Yes. The final account must be filed and allowed by the court in order to close the estate. An executor who refuses to file a final account should be reported to the court. The judge can compel the executor to file the final account so the court, and the heirs, can review the disposition of the estate by comparing it to the inventory and the distribution to heirs.Yes. The final account must be filed and allowed by the court in order to close the estate. An executor who refuses to file a final account should be reported to the court. The judge can compel the executor to file the final account so the court, and the heirs, can review the disposition of the estate by comparing it to the inventory and the distribution to heirs.Yes. The final account must be filed and allowed by the court in order to close the estate. An executor who refuses to file a final account should be reported to the court. The judge can compel the executor to file the final account so the court, and the heirs, can review the disposition of the estate by comparing it to the inventory and the distribution to heirs.
account
bill wise detail (on account)
The liquidator's final account shows the succession's net assets or deficit.
argue for and against the usage of historical cost in preparation of final account
Drawings are deducted from Equity Account (Capital) in financial statement
By preparing Receipts & Payments Account, Income and Expenditure Account and a Balance sheet.
assets = liabilities
expenses a/c..