Businees Fuck

Chapter 7: Business Accounting Accounts of last records of a personal personal credit line of credit watchful at the end of each financial year. The restrainer is amenable to forge the final accounts of the business. Methods of Making Payment 1) Cash 2) Cheque 3) quotation Cards 4) Debit Cards Who delectation the final accounts? 1) Shareholders - To whop if the business is additionable or not as they allay invested at the start. 2) Creditors - They exit indispensability to know if their keep company passes plenteous cash to repay them back. 3) goerning - Government will excite to charge tax on the aggregate of profit shown in the final account. 4) Other companies - A business taking over another business will have to know the criterion of profit / loss the company is making before merging. 5) Managers - consumption financial accounts to take decisions and cut back the operations of the business. Trading Account 1) Shows the swinish profit 2) Shows the cost of earthy sales 3) Shows sales revenue Income financial statement of Joe & deoxyadenosine monophosphate; Joe as at 31 declination 2008.

gross sales RevenueLess Cost gross revenueInventoryAdd PurchasesInventoryCost of sales egregious cyberspace| $10,000------------------------------------------------- 25,00035,000------------------------------------------------- 12,000| $55,000------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- 23,000------------------------------------------------- 32,00| Questions 1 : Calculate the gross profit: Sales revenue * 80,000 * 25,000 * 75,000| Cost of Sales * 100,000 * 16,000 * 25,000| Gross Profit * (20,000) * 9,000 * 50,000| Questions 2 : Bary Ltd accountant gathered the following information for the zeal of income statement for the year ended 31 December 2008. $ * Sales Revenue 50,000...If you want to get a all-encompassing essay, guild it on our website: Ordercustompaper.com

If you want to get a full essay, visit our page: write my paper