Which account is prepared before balance sheet ?

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asked Jul 24, 2023 201k views

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Hestellezg · Answer 1 · 2023-07-29T11:21:16+0000

Answer:

Balance sheet is prepared after ascertaining net profit and net loss from profit and loss account. It is the summary of the personal account and real accounts having debit and credit balances.

Which account is prepared before balance sheet ?

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Which account is prepared before balance sheet ?