Final Accounts by Vijay Adarsh | Accounts class eleven |financial accounting B.com one yr | StayLearning
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Economic Statements – Economic Statements refers to such statements which report the chance and the financial position of the business at the conclude of accounting interval.
Economic Statements consists of
one) Revenue Statement
– Investing Account
– Gain and Loss Account
two) Statement of Economic Posture
– Harmony Sheet
These two financial statements are termed as “Final Accounts”
Soon after completing this Video clip Lecture, you will ready to have an understanding of
one) Which means of Economic Statements
two) What is Investing Account
3) What is Gain and Loss Account
4) How Investing and Gain & Loss Account is well prepared
5) How to estimate lacking figures
– Gross Gain
– Value of Superior Sold
– Closing Stock
– Opening Stock
– Web Sale
– Web Purchase
– Altered Purchase
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