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Finance The financial information system produces monthly management accounts and annual statutory accounts. This information system also generates daily and weekly sales revenue and gross
Finance The financial information system produces monthly management accounts and annual statutory accounts. This information system also generates daily and weekly sales revenue and gross margin information. The Finance Department is relatively small and much of the staff time spent on day to day transaction processing. The Finance Department's role within the company has changed very little since the company was formed in 2015. The financial information extracted for the year ended 31/03/2019 and 31/03/2020 is as follows 2020 2019 Revenue Cost of Sales Operating Expenses Finance cost Tax for the year ended 31/12 Tangible assets Inventories Prepayments Cash and cash equivalents Share capital Retain earnings as at 01/01 Long term Bank Loan Trade payable Current tax liability OMIR 000 697,990 418,794 196,975 12020 2,106 394,831 7,542 884 5660 150000 138,240 48,976 1,500 2,106 OMR 000 631,440 378,864 178,663 13005 1,827 332,215 6,111 537 5,082 150000 79,159 51,678 2,200 1,827 During the board of directors meeting held for discussing the expansion plan, the board of directors requested Mr. Ahmed, Finance Manager to critique the importance of accounting information in the viewpoint of different stakeholders of Go Fresh LLC and the need for structural presentation of accounting information. Finding the balance sheet & income statement and trial balance Plz I need your support try to solve all questions I believe with your experience
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