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How to prepare a final account?
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Answer / d.selvakumar
The final account namely Profit and loss account and
Balancesheet prepared with help of trial balance and
adjusment entries
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / venkatesh
final a/c are prepared for 12 months period.final accounts
are prepared to the financial position of the
organisation.final accounts are preapred based on the trail
balance.actually the final accounts includes trading
account and profit and loss account and balance sheet.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / s.c.bhalla
Final accounts/ annual accounts normally prepared for 12 months is Financial statement comprising Treading, profit and loss account and Balance sheet prepared from Trial Balance in case of non corporate entities and for corporate it is Balance Sheet and statement of Profit and Loss of a company
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