On Wednesday, Paul bought more wrapping paper for 460 cash. However, it was raining hard for much
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On Wednesday, Paul bought more wrapping paper for £460 cash. However, it was raining hard for much of the day and sales were slow. After Paul had sold half of his total inventories for £320, he decided to stop trading until Thursday morning.
Have a go at drawing up the three financial statements for Paul’s business for Wednesday.
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Statement of cash flows for Wednesday Opening balance from the Tuesday evening C...View the full answer
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Related Book For 
Accounting And Finance For Non Specialists
ISBN: 9781292334691
12th Edition
Authors: Peter Atrill, Eddie McLaney
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