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Difference between final accounts and company accounts?

hafeez khan (student) (24 Points)

03 October 2011

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.

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3 Replies

ashish gupta ( student) (1922 Points)
Replied 03 October 2011

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.

Ateeq (CA - Final) (213 Points)
Replied 08 October 2011

Originally posted by : ashish gupta
	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.