What is a final account?

Question

Accepted Answer

Final account is the statement of all financial transactions of a project or business at the end of a specific period.

Final account is a summary of all financial transactions of a project or business
It includes all the revenues, expenses, assets, and liabilities
It is prepared at the end of a specific period, usually at the end of a financial year
It helps in determining the profitability and financial health of the project or business
Examples of final accounts include balance sheet, profit and loss account, and cash flow statement

Accepted Answer

The final account is where the company knows their financial position.

Accepted Answer

Final accounts is a set of Trading Account, Profit and Loss Account and Balance sheet prepared on the basis of trial balance and adjustments to find out working results of the business for a given period and financial status as on a particular date.

Accepted Answer

How many year experience ? How much expected salary ?

Accepted Answer

fainal document cheqe ,for payment

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What is a final account?

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