Business Accounts Notes

  • Created by: jutnut
  • Created on: 23-08-18 14:29

How to draw up a Profit and Loss and Balance Sheet

1. Go through list and mark what is profit and loss

  • Any income
  • Any expenses 

2. The rest will either go into Balance Sheet, Capital Employed, Appropriation Account or Movement in Account depending on what the question asks. 

Profit and Loss

Income                                      £                                     


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