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Financial Statements of Sole Proprietorship PDF  Form

Financial Statements of Sole Proprietorship PDF Form

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Instructions and help about statement of proprietors fund format

two difference boom car here for simple snippets in this tutorial we are going to learn what is final accounts how to solve a question on final accounts and why final accounts is prepared so here we begin final accounts of sole proprietor sole proprietor is a person who carries on business without being a firm without being entered into partnership with anyone so all by alone the last stage in accounting process is preparation of final accounts we have learnt the procedure till trial balance now it is the final step in accounts and that is why it is known as final accounts from given trial balance trading account profit and loss account and balance sheet is prepared so what does final accounts content trading account profit and loss account and a balance sheet trading account is prepared to know gross profit to arrive at gross profit goods in and out and direct expenses are considered in profit and loss account all expenses losses incomes and gains are recorded so in trading account we

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