Finalization of Accounts
What does the term Finalization of Accounts mean?
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The Accounts Finalization means preparation of accounts with precise figures and arriving at the precise gain or loss acquired. Generally an account is made by an accountant and finalized by the senior accountant or Auditor or Chartered Accountant.
A structure for showing the effect of market events on a particular asset, liability, equity, earnings, or expense. The effects are measured in terms of dollars. The account looks like as a collection point in the meanwhile the processing of all the transactions involving the balance sheet or inc
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