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Essay

Introduction to Accounting, Ass. 1

Essay specific features

 

Issue:

Business

 

Written by:

Larry L

 

Date added:

August 17, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 403

 

Was viewed:

3710 times

 

Rating of current essay:

 
Essay content:

what money comes and goes out of your business (inflow & outflow). They show, mostly in table’s laid out for the financial year, things like revenue, the costs and the profit and/or loss of the business. They also can show the debts, capital and the assets you have for/in your business. Most businesses use accounts; the main types of accounts used are: Balance Sheets, they give information about the company’s funds and how they are used in the business...
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It lists the assets, capital and the liabilities and the wealth of the business; basically, its shows the financial position of the company. Profit & Loss, they show a basic summary of the years trading activities for a year; stating revenue from sales, business costs and the overall profit and/or loss and how it is used...
displayed 300 characters

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