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RE: What is meant by Finalization of Accounts?

What is meant by Finalization of Accounts?

linkremoval Trainee Asked on November 3, 2014 in Accounting.
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2 Answers

After trading account a final account is prepared and the transformation of the accounts from trading to profit & loss account it is called finalizing of accounts.

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Henry Brown Trainee Answered on November 3, 2014.
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