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What is the purpose of preparing final accounts?

Practice Questions

1 question
Q1
What is the purpose of preparing final accounts?
  1. To determine the financial position of a business
  2. To calculate tax liabilities
  3. To assess employee performance
  4. To prepare for audits

Questions & Step-by-step Solutions

1 item
Q
Q: What is the purpose of preparing final accounts?
Solution: Final accounts are prepared to provide a clear picture of the financial position of a business.
Steps: 0

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