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how to do finalisation of accounts

Answer Posted / khan

first we are made the month of all ledger account.
then,
making the trial balance account,
example,
bank account
cash account
purchase
sales
bill payable
bill receivable
accured exps
prepaid exps
after that, we are doing the
trading account - gross pf or gross loss, then
profit & loss account - gross pf or gross loss, then
clearly checking, we are finish that net profit or net loss,
then, taking the opening balance of the balance sheet.

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