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Meaning of summarising

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Meaning of summarising

Posted by Gourav Sahu 6 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 6 years, 5 months ago

Summarising : It is the art of presenting the classified data in such a manner which is understandable and useful to various users of accounting statements. This involves balancing of ledger accounts and preparation of Trial Balance. Then final accounts are prepared from Trial Balance.

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