How to Prepare Final Accounts
To prepare the final accounts, first gather all financial information like sales, expenses, assets, and debts. Then, organize it into income and balance sheets. Calculate profit by subtracting expenses from sales. Transfer this to the balance sheet. Double-check everything for accuracy. Final accounts clearly show a company's finances, helping with decisions and following rules.
https://margbooks.com/blogs/how-to-prepare-final-accounts/