Balance sheet

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  • Created by: irena4567
  • Created on: 13-12-15 21:27
profit and loss account
shows summary of a firms trading and expenses in a given time period (normally a year) in order to identify whether the firm has made a profit or a loss .
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Balance sheet
Shows a summary of everything a business owns (Its assets) and what it owes (its liabilities) in order to calculate the net worth of the business at set point in time .
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Card 2

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Shows a summary of everything a business owns (Its assets) and what it owes (its liabilities) in order to calculate the net worth of the business at set point in time .

Back

Balance sheet

Card 3

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Back

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Card 4

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Back

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Card 5

Front

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