what is the final accunt
Answers were Sorted based on User's Feedback
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 |
What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...
what is the reserve & surplus ?
how to pass journal entry when cash received in the form of gold or other form?
Explain what is ledger?
Difference Between LBO and MBO?
Can anyone clearly explain difference between assessment year and financial year?
What is American approach? Why do we use it inspite of Modern approach or Enlish approach ?
hai , please explain wherther output tax a/c comes under duties & taxes or indirect expenses?
which date is effected in books related bank reconciliation transaction date or value date?
Tell us what do you believe should be an important quality of an account executive?
What is accumulated depriciation
What are the contingent liabilities ?