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Balance Sheet is a Statement showing financial position of the business on a particular date…
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Items which appear under the liability side of Balance Sheet are:…
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Items which appear under the assets side of Balance Sheet are:…
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Adjustment entries are the entries which are passed at the end of each accounting period to adjust the nominal..
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Preparing final accounts - a.) Closing Stock , b.) Depreciation ,c.) Outstanding Expenses , d.) Prepaid Expenses, e.) Accrued Income etc.
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