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what is finalisation of accounts.

Answer Posted / sunil kumar nath

WHEN OUR ACCOUNTS NOT COMPLETE i.e. IT IS RUNNING, IT IS
SAID TO BE NOT FINALISED , SO AT HE END OF CERTAIN PERIOD
WHEN WE EXTRACT P&L A/C, B/S AND OTHER CLOSING REPORTS,IT
IS CALLED AS FINALISATION OF ACCOUNTS FOR THAT PERIOD.

Is This Answer Correct ?    7 Yes 8 No



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