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He is to prepare a statement showing how much he has realized and how the same would be disbursed.
Final statement of account. FINAL STATEMENT OF ACCOUNT OF COMPENSATION PAID EMPLOYEE SOCIAL SECURITY NUMBER OR WC ID NUMBER --EMPLOYEE. The final account consists of the following accounts. A Final Statement of Account shall be filed after the final payment of compensation.
As stated above the term final accounts refer to trading account profit loss account and balance sheet. Date of birth. Balance sheet is a statement but even then it is included in final accounts.
DATE OF INJURY WCAIS CLAIM NUMBER--MM DD. Profit and Loss Appropriation account. A Final Account in construction contracts is the agreed statement of the amount of money to be paid at the end of a building contract by the employer to the contractor.
Now here the question arises that why they are named final accounts. What is a final account. Final Accounts is prepared at the end of a financial year to ascertain the profitloss of the organisation and to exhibit the condition of the organisation in monetary terms.
Every businessman is ultimately interested to know the final result of the business. Companies that are publicly traded must provide shareholders with an annual report which always includes financial statements. Article shared by.
The purpose of the statement is to remind a customer of sales on credit that have not yet been paid to the seller. The liquidators task is to realise the assets and disburse the amounts among those who have a rightful claim to it. A Final Statement of Account shall be iled after the inal payment of compensation.
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