i want to know the difference between company a/c's and final a/c's. when they are been prepared and the purpose of preparation of both a/c's .
thankyou.
i want to know the difference between company a/c's and final a/c's. when they are been prepared and the purpose of preparation of both a/c's .
thankyou.
Preparing P&L Account and Balance Sheet at the end of accounting period is called final accounts.
And when the accounts of any company are prepared, it is called Company acccounts.
| Originally posted by : ashish gupta | ||
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Preparing P&L Account and Balance Sheet at the end of accounting period is called final accounts. And when the accounts of any company are prepared, it is called Company acccounts. |
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Agreed.
final accounts which is prepared at the end of the year like balance sheet, p&l account and cash flow statement....
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