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It represents an undertakings financial position as on a particular day being the last day of the reporting period. The PL formula is Revenues Expenses Net Income. Debit RM Credi t RM Purchases and Sales 97500. It shows the value of a business assets and liabilities at a particular time. The profit or loss is […]

Trial Balance tab – You may view either the unadjusted adjusted or post-closing trial balance by choosing from the. Trial balance is a statement which shows debit balances and credit balances of all accounts in the ledger. Shah Garden Center is retail garden supplier. So if cash received by business is received from owner equity. […]

Understanding the cash flow statement which shows operating cash flow cash flow from investments and cash flow from financing is essential for assessing a companys liquidity flexibility and overall financial performance. Using the procedure outlined in Example 102 we group the net after-tax cash flows for this machining-center project as shown in Table 105As the […]