Finding Profit by comparing capitals

The method to finding profit when there are incomplete records. Click on the glowing area

Finding information to draw up an income statement & statement of affairs when there are incomplete

Open control accounts (total ledger accounts) to find credit sales & purchases, ultimately calculating total sales & purchases to be posted to the income statement

Finding information to draw up an income statement & statement of affairs when there are incomplete

Open expense & income accounts to find the total expenses & income to be posted to the income statement

Finding information to draw up an income statement & statement of affairs when there are incomplete

Finding the depreciation expense for the year by comparing net book values or opening the non-current asset account

Calculating information to draw up an income statement & statement of affairs when there are incompl

The financial ratios consist of formulas to help calculate information to draw up an income statement & statement of affairs

Flash Card

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