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.
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
If you get 20,000.00 cas for inventory and get 20,000.00 in inventory what T accounts are affected
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
The liquidator's final statement of account is the account of winding up.
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