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what is finalisation of accounts ? what are finalisation of
accounts entries ?
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Answer Posted / somnath namdeo shinde
account finalization means bank account tally,previous trial balance closing this year opening check you taken and expenses not mins,after matching 26as with TDS and Advance Tax and payable entry doings.net profit transfer to capital account.not found suspense entry transfer to drawing entry. cash balance is more field expenses entry here.all look out is OK account finalization is over
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