Final Accounts
 Trading Account Gross Profit or Gross Loss of the
Concern Profit and Loss Account For Determining the
True result or Net Result of the concern
 Gross profit is the profit a company makes after
deducting the costs associated with making and
selling its products, or the costs associated with
providing its services.
 by subtracting the cost of goods sold (COGS) from
revenue (sales)
 Balance Sheet for Finding out Net worth/Total value