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प्रश्न
Answer in one sentence only.
What is Final Accounts?
एका वाक्यात उत्तर
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उत्तर
Final accounts are those accounts which are prepared at the end of the accounting period in order to give a report on the profitability and financial position of the business. These include two statements, i.e. Income statement (Trading and Profit & Loss Account) and Statement of Financial Position (Balance Sheet).
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