The final accounts are the accounts that are prepared by a company when it has completed all of the steps in the accounting process or cycle. They demonstrate whether a company made a profit or loss in addition to presenting the company's current financial position. They present the journal entries that were produced by the company in a manner that can be comprehended by the creditors, shareholders, and investors.
The final accounts are the accounts that are prepared by a company when it has completed all of the steps in the accounting process or cycle. They demonstrate whether a company made a profit or loss in addition to presenting the company's current financial position. They present the journal entries that were produced by the company in a manner that can be comprehended by the creditors, shareholders, and investors.