what is final accounts consisting

Answer Posted / rabindra mallick

Consisting of Final Accounts depends upon the nature of
organization. How ever the Balance Sheet is common for each
& every Organization. There fore briefly described below....

A) For Manufacturing Concern-Manufacturing cum Trading cum
Profit & Loss a/c And Balance Sheet.
B) For Trading Concern: Trading cum Profit & Loss A/c &
Balance Sheet.
C) For Service Industries: Only Profit & Loss A/c & Balance
Sheet.

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