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I would appreicate a step by step answer to the above 6 questions. Thanks in advance. Part Two The figures below are balances extracted from
I would appreicate a step by step answer to the above 6 questions. Thanks in advance.
Part Two The figures below are balances extracted from the accounts of a construction company at the year-end of 2021: (a) Prepare a Balance Sheet for the company at the year-end. (10 Marks) (b) Prepare a Profit \& Loss Account for these figures. (10 Marks) (c) Prepare a Cash Flow statement for the company during the year. (10 Marks) (d) Evaluate the liquidity of the firm (company). (4 Marks) (e) Discuss the accounting concepts adopted in preparing the three (3) financial statements above? (3 Marks) (e) Briefly explain the terms "prepayment" and "accrual" as used in balance sheet terminology and provide examples of eachStep by Step Solution
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