Ultimate Accounts for Sole Proprietor
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This this video clip we will see How to go about the procedure of preparing of Ultimate accounts with changes bundled.
The past stage in accounting procedure is the preparing of final
From given demo stability a Trading, Gain & Decline A/c &
Stability Sheet is organized
A Trading, Gain & Decline A/c is organized to figure out the
Gain or Decline made through a particular 12 months, and Stability Sheet is
put together which is made up of all belongings, Liabilities and Money of
The totals of the two sides of the stability sheet will have to concur
simply because of the equation
Belongings = Liabilities + Money
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