Final accounts are prepared at the end of an accounting period to determine the financial performance and position of a business. They mainly include the Trading Account, Profit and Loss Account, and Balance Sheet. The Trading Account calculates gross profit or loss, while the Profit and Loss Account shows net profit or loss after expenses. The Balance Sheet presents assets, liabilities, and capital. These statements help owners and stakeholders understand business results clearly. Help In Accounting Assignment becomes important when students find it difficult to classify items correctly. Proper understanding of adjustments, closing entries, and presentation ensures accurate preparation of final accounts.