If you moved the CTI to the end of the clip by the arrow keys ... the CTI always "shows" the next frame. As your program monitor indicates. The CTI is not "on" a frame, but between them. To have the CTI display the last frame of a clip in the Program monitor, down-arrow to get the CTI showing the next clip, then left-arrow to go back one frame ... then the CTI shows the last frame of a clip.
This would help establish what IS the last frame, though it probably won't solve the +1 frame issue. Is this a 23.976 or straight 24fps sequence?
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Its all correct.
Your cti shows 8 seconds
Your outpoint shows one frame extra.
You need to move the outpoint one frame back.
Thanks for clarifying Neil, it helped
It's actually a 25 frame sequence. I've shifted the outpointed as Ann suggested and I got a frame-accurate output. Thank you both.