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{"id":1093,"count":40,"description":"Final account is prepared by every business organization at the end of accounting period. \r\nTrading account is prepared to determine gross profit or gross loss of the company. \r\nProfit and loss account is prepared to find out net profit or net loss of the business activities of the company.\r\n \r\nProfit and loss appropriation account is prepared to show the provision made for dividend, transfer to reserve fund etc out of the net profit of the company. \r\nThe balance sheet shows the financial position of the business firm as well as non-profit organization. \r\n","link":"https:\/\/eponlinestudy.com\/books\/2-books\/principles-of-accounting-ii\/fina-accounts-class-12\/","name":"Final Accounts (CLass 12)","slug":"fina-accounts-class-12","taxonomy":"category","parent":117,"meta":[],"yoast_head":"\nFinal Accounts (CLass 12) Archives - EP Online Study<\/title>\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n