Final accounts inform about the internal and external financial position and performance of an organization.

It is shown as the top part of the income

statement that establishes the gross profit of the business.

It shows how the company's net profit after interest and tax is distributed

NPBIT - NPBT - NPAIT

A sum of money paid to shareholders.

The amount of earnings left after dividends and other deductions have been made.

Resources that a business owns.

Firm's legal debts or obligations

Also known as shareholder's funds.

Long-term assets that last in a
  business for more than 12 months.

Short-term assets that last in a
 business for up to 12 months.

Short-term debts payable
 within 12 months.

Also known as reserves

It is a permanent source of capital