Finalization of accounts Just for 49

Account Finalization. Stepwise Account Finalization करना सीखें with Adjustment Entry at year end.

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The most crucial function of financial accounting is to ascertain the financial position of the business and the profitability of the business. The trading and profit and loss account show the net profit and net loss of the business, while the balance sheet shows the financial position of the business. Finalization of the accounts means the preparation of the profitability statement and the positional statement of the business. Hence, accounts that are required to be prepared are as follows:

-Trading Account
-Profit and Loss Account
-Balance Sheet

In this session we have discuss complete Account finalization step by step.
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