Sharon Taylor has the following financial details: Sales 8,000 Assets 15,000 General expenses 4,000 Liabilities 3,000 Trading

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Sharon Taylor has the following financial details:

Sales £8,000 Assets £15,000 General expenses £4,000 Liabilities £3,000 Trading expenses £3,000 Cash outflows £12,000 Cash inflows £10,000 Closing capital employed £12,000 Opening capital employed £11,000 Required: Prepare Sharon Taylor’s

(a) Profit and loss account

(b) Balance sheet

(c) Cash flow statement

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Accounting For Non Specialists

ISBN: 9780471495727

1st Edition

Authors: Michael Jones

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Question Posted: Jul 15, 2024 01:06 AM

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Sharon Taylor has the following financial details: Sales 8,000 Assets 15,000 General expenses 4,000 Liabilities 3,000 Trading

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Accounting For Non Specialists

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