what is the final accunt
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Answer / thamim
final account
Final Account is the Balance sheet and the profit and loss
account which is prepared from Trial balance extracted from
the ledger.Balance sheet reflect the position of the
company as on the date while profit and loss account gives
the result of te business
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / raja reddy
It is a statement. Its showing the organization financial
position.We will prepare for know the profit or loses. the
organization position.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / shailendrasen82@yahoo.com
Financial Accounting means Profit & Loss and balance sheet. They are show the Company position as on Present Year and Past Year and Indicate where the stand by their Company in the Market.
| Is This Answer Correct ? | 0 Yes | 1 No |
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