what is finalisation of accounts ? what are finalisation of
accounts entries ?
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Answer Posted / skumar
Accounts finalisation involves the closing of books of
accounts for the particular period under accrual systems of
accounting with booking all the expenses and incomes and
other provisions which related to the particular accounting
period has been booked correctly and arrive the financial
statements like trail balance, profits and loss account,
balance sheet, and notes to accounts etc
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