State The Nature And Importance Of Final Accounts And Balance Sheet.Birfley, Can You Help?

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Anna --- Profile
Anna --- answered
It's very important. How come a sole trader or a company learn how much has it earned? What it's net profit or loss??? And how will a company know about its expenses, it's income , liabilities and assets...the vertical final accounts and balance sheet is so easy that it's like taking notes for just remembering.

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